Home > Local Real Estate Markets > You Say Market is Down, I Say Multiple Offers

Yes, this is what I am declaring - on the transactions that I have been on lately whether it is on the listing side or the buying side, it seems that I have been working doubly or triply hard because of multiple offer situations. Important to add: these are not bank-owned and foreclosure properties.

If a property is priced correctly, it really is "market-proof". Buyers will recognize that and they will come by the dozens! Whether we have a good economy or a challenging economy, the fact remains that people will continue to live in houses. No surprises there. People will continue to buy houses even though what I have seen lately are "buys" in their comfort zone instead of going out on a limb to get the one step-up, push-my-limit house. I like this much better.

In these multiple offer situations, I need to "massage" the deals to make them work. But I ejoy these types of massages. There is a new game of negotiations (multiple offer situations: my client is better than yours). So, I am not letting the news pre-determine how my market (the Frisco TX homes and greater Dallas metroplex areas) is doing. In fact, I don't have time to watch the news. Everything is too depressing while I choose to make this year strong.

I'm not a "paint-a-pretty-picture" type of person. I'd say it like it is. No doubt that the mortgage industry is cleaning up their acts about qualifying. In fact, they should have done this to begin with. But I am dealing (on both sides) with good credit buyers with good down payment sizes.

So, who says that the world is coming to an end? Who says that we are in a recession? Not in my multiple offer transactions for sure!

Key Note: Pricing is important and no, you don't have to "give away" your house in order to receive multiple offers. If you live in the greater Dallas metroplex area, let me show you how (shameless plug for me).

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