Sometimes One Offer Spurs On Additional Offers


Sometimes One Offer Spurs On Additional Offers
By Scott Rogers • September 25, 2024
This dynamic is common with brand new listings and listings that have been on the market for a few weeks. Brand New Listing... Eight showings over the first three days, but no offers. Then, an offer is received, other showing agents are notified, and three more offers are submitted. Few Week Old Listing... Nine showings over the first three weeks, but no offers. Then, an offer is received, other showing agents are notified, and two more offers are submitted. It's almost as if some buyers need to know other people want to buy a house before they are willing to decide they want to buy the house. So... Sellers - Don't despair if you don't have an offer yet - when an offer comes in, it could actually result in more than one offer. Buyers - Who will you be? The first buyer to make an offer, or will you wait until someone else does and then jump in? Receive Updates by Email Recent Articles: 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 We Will Likely See Fewer New Listings Over The Next Few Months
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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