REAL ESTATE INFO COLUMN: Are the days of multiple offers gone?

Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.

Dear Don:

Are the days of multiple offers gone?

Concerned Cal

Dear Cal,

The answer is yes and no. If the house is not in great shape, doesn’t have a great location, or is overpriced, then the answer is yes.

If the house is under $500,000, in a popular neighborhood, or is really tuned up, then the answer is no.

It is still a seller’s market, but there is now more inventory for buyers to choose from. Some houses are selling in eight days or less and others are selling in 30 plus days. There is definitely more competition for houses in the $500,000 or less range, so expect multiple offers on those homes.

Best of luck,
Don

Are you ready to take the plunge into the Real Estate market? Don’t do it alone. My mission is to help you achieve your life goals. Contact me today at 206-250-7291 or donkoonce@windermere.com.