Friday, April 11, 2008

Multiple Offers Back in Vogue? Everybody Wants, What Everybody Wants!!!

Well it really is Spring in St. Louis MO real estate market! I have been busy with Buyer activity since the return from the Atlanta, GA area.

As is typical in Spring, Buyers are out & about. Two of my educated & qualified Buyers I am working with, in the same day, looked at property they wanted to buy and both were turn away with competition getting the property. Both were under contract prior to our showings. Unfortunately, it wasn't updated in the system yet. It has been some time since I have experienced this. Although, the best & well-priced properties will always sell. One was a one day on the market, value price and opportunity in an desirable area with multiple offers. The other was one that was on the market for over 200 days and must have turned on the Universal Magnetism. It is very interesting how that seems to occur.

The rule is "Everybody Wants what Everybody Wants!" Quoted from Barbara Corcoran. It is so True! So this is encouraging in our market for Sellers. Create what everyone wants or wait & eventually someone will make you an offer! With a caveat, the carrying costs & offer may not be pretty if the property isn't. Buyers need to be alert and not rest on the Buyers market. Remember, it isn't closed until it is closed, so may decide to stay in touch. We can make dreams and goals happen!