There Are PLENTY Of Buyers In Our Local Market, Ready To Buy


There Are PLENTY Of Buyers In Our Local Market, Ready To Buy
By Scott Rogers • April 3, 2019
On one of my recent listings we received three offers within the first week. On another, we -- again -- received three offers within the first week. And on a third, we received seven (!!!) offers within the first two days. These 13 buyers were all ready, willing and able buyers - anxious to buy a home. They came to see the listings in the first day or two (or three) that they were on the market. Most of them had already talked to a bank or mortgage company to become prequalified. They made serious, reasonable offers - some with escalation clauses. And yet -- only three of the 13 would-be buyers were successful at securing a contract to buy one of these homes. My main conclusion - there are PLENTY of buyers, ready to act. I suspect we will continue to see homes go under contract quickly (often with more than one offer) when they are prepared well, priced well and marketed well. To the other 10 buyers -- I only wish my clients had duplicates of their homes to sell to you -- and I feel for your plight. Several of these would-be buyers had already made another offer on another house in the recent past and missed out on that one as well. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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