Really, we Have to Go HOW High?
Okay, so I am in the process of submitting an offer for a fabulous family. They found the house they have always wanted at a decent price. Sure, it needs some fixing up, but the issue is the price. The offer we were to submit, that is before I spoke with the other agent, was $33,000 over asking... you would think, right!
But in speaking with the listing agent, he said he already has five, yes five offers over what we were thinking of coming in with. We would have to be nearly $70,000 over asking to be the top contender. Really, we have to go HOW high?
So for those of you doubting that the bidding wars are back, I would say, "The bidding wars are back with a vengance!" It seems to be way worse this time around. Maybe because of the lower interest rates, maybe because some people jumped on this housing band wagon way too late and still want in. Who knows.
All I can tell you is, if you are thinking of buying right now, be prepared to go really high. And if you are thinking of selling, what's the wait - get in on this action before it goes away!
If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you. All real estate is local down to the neighborhood still and so you need someone who knows what's what. I stay on top of the cities I serve in the SoCal 210 Corridor as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home evaluation. And ALWAYS go with a Realtor you can trust!
Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell