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Bidding wars decline for 5th straight month

By Mike Wheatley | October 26, 2021
Bidding wars declined again in September for the fifth successive month in a further sign that the housing market is becoming ever so slightly less competitive. That’s according to a new report from Redfin, which found that 58.9% of offers submitted by its agents on behalf of clients had to compete with other bids. Although […]

iBuyers gatecrash the all-cash offers party

By Mike Wheatley | August 27, 2021
Some home buyers are leaning on so-called iBuying firms to better compete by offering all-cash on the properties they target. iBuyers can help buyers by making cash-backed offers on their behalf or by providing financing to help draw attention to their offer in a bidding war, experts say. The National Association of Realtors reported that […]

Buyers face less bidding wars as competition eases

By Mike Wheatley | June 21, 2021
There are signs that competition among buyers in the red hot housing industry is easing, though the market still remains much more competitive than in recent years. A recent report from digital real estate brokerage Redfin has shed light on the reduced demand for mortgage application purchases in May. In other words, there were slightly […]
Mortgage, US Real Estate

Why a bridge loan can give buyers an advantage in bidding wars

By Mike Wheatley | April 1, 2021
Real estate shoppers who’re struggling to buy a home due to the intense competition in the market might want to consider using a bridge loan to give themselves an edge. A bridge loan enables buyers to fund their next home purchase before they sell their current home. It enables them to waive the sale of […]
Featured News, US Real Estate

Bidding wars heat up, but buyers are undeterred

By Mike Wheatley | February 17, 2021
Home buyers in the U.S. are facing increasingly fierce bidding wars, but even as prices rise and competition heats up, they’re not giving in. A new survey by the National Association of Home Builders last week found that around 40% of prospective home buyers have been unable to purchase one because they keep getting outbid, […]
Featured News, US Real Estate

Buyers resort to desperate tactics as bidding wars heat up

By Mike Wheatley | January 25, 2021
Home buyers across the U.S. are finding themselves in bidding wars due to a reduced supply of homes on the market, and some are resorting to desperate measures to ensure their bids are accepted. But sometimes they take things too far, professionals say. An article in the Wall Street Journal recounts the story of Mary […]
Residential, US Real Estate

Agents expect more bidding wars throughout 2021

By Mike Wheatley | January 22, 2021
With housing inventories low and home values rising by double-digits over the past year, sellers are holding firm on the price they demand. A recent survey by the real estate agent referral firm HomeLight has found that 52% of agents believe the biggest challenge sellers will face in 2021 is the temptation to overprice their […]
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