https://realtybiznews.com/bidding-wars-back-with-a-vengeance/98712061/ With the latest on mortgages, refinancing, real estate & home tips Mon, 21 May 2012 20:46:08 +0000 hourly 1 http://wordpress.org/?v=3.3.2 https://realtybiznews.com/bidding-wars-back-with-a-vengeance/98712061/#comment-172948 Mike Wheatley Wed, 02 May 2012 16:31:55 +0000 https://realtybiznews.com/?p=12061#comment-172948 I guess that kind of underlines the importance of hiring a great real estate agent and ensuring your home is well-marketed then! I guess that kind of underlines the importance of hiring a great real estate agent and ensuring your home is well-marketed then!

]]> https://realtybiznews.com/bidding-wars-back-with-a-vengeance/98712061/#comment-172887 Donna Robinson Wed, 02 May 2012 14:03:55 +0000 https://realtybiznews.com/?p=12061#comment-172887 Actually I've been hearing about this from investors. It could be an indication of lower inventory in some areas, but this is happening in areas where there is plenty of inventory. The main factor seems to be that the properties being bid up are in very good condition, and are easy to find listed on the internet. The easier a property is to find, the more people there will be making offers on it - especially if the listing is low priced relative to the peak. But these bid prices are still well below the market prices we saw during the boom years, even though buyers are outbidding each other to some extent. We also saw this with HUD houses during the boom years, as they were so easy to find online at the time. Actually I’ve been hearing about this from investors. It could be an indication of lower inventory in some areas, but this is happening in areas where there is plenty of inventory. The main factor seems to be that the properties being bid up are in very good condition, and are easy to find listed on the internet. The easier a property is to find, the more people there will be making offers on it – especially if the listing is low priced relative to the peak. But these bid prices are still well below the market prices we saw during the boom years, even though buyers are outbidding each other to some extent. We also saw this with HUD houses during the boom years, as they were so easy to find online at the time.

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