Going, Going, Gone. Make An Offer Before That House Is Under Contract.


Going, Going, Gone. Make An Offer Before That House Is Under Contract.
By Scott Rogers • September 7, 2023
Home buyers aren't making decisions quite as quickly these days. That doesn't mean that homes aren't going under contract as quickly -- they often are -- but individual buyers aren't making decisions about whether to make an offer on a house quite as quickly as they have over the past few years. As a result, sometimes buyers are missing out on buying houses for new reasons. Over the past few years buyers often missed out on houses because there were multiple offers on most new listings and they were always competing with other buyers. What I am finding in the current market is that some buyers are missing out on houses because they are waiting a bit too long to make a decision to make an offer. How could this be? Aren't sellers waiting days and days for offers to roll in before they consider moving forward with one? Sometimes. But not as often as in 2021 and 2022. If a seller has 10 showings and four days later they receive their first offer -- they might decide to wait a few days to see what other offers might roll in -- or they might just sign the contract and move forward with the buyer who went ahead and made the offer. So... if you go to see a house that you like, and you're thinking about making an offer but you haven't done so yet... realize that it could very quickly become unavailable if a seller receives a reasonable offer. I don't think all buyers need to universally speed up their decision making process... but they should realize that many sellers are currently more likely to move forward with a favorable offer rather than let it sit for a few days in hopes of receiving additional offers. 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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