We have seen home prices fall and have brought great opportunities to our local market place for homebuyers.
The national media is saying that you can steal a home in today’s market, and this is almost true. The media is telling buyers to offer 10% to 20% lower than list price. However we have seen in the last 2 years a drop in home prices in Oakland County of 35%. So our pricing is already discounted.
What I am seeing is a trend for homes being priced at bargain prices and selling for full to over list price. We are seeing sometimes 4 to 5 offers on a home all at once.
When you are caught up in a multiple offer bid situation listen to your agent about what to offer and what to include in your offer. They are here to help you buy the home you want and are on your side.
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