BIDDING BASICS 101- SHIFT HAPPENS
By Allison Stewart, St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
(St.Cloud Homes )
The market has shifted over the past 3 months DRAMATICALLY and the supply is dwindling rapidly. Prices are based on supply and demand. Demand is high and supply is lower than previously reported. Good homes attract multiple offers as many buyers have experienced and unfortunately trying to come in low is proving repeatedly to not be effective. It has been 3 years since the market peaked. Markets go in cycles -The market bottomed in December 2008. Which means it is gradually rising. HOW ARE BUYERS DETERMINING WHAT TO OFFER? The days on market is not a good gage of what price to offer- when a seller falls behind, the lender may tell them to sell the house. The private seller HAS to list it usually at a price much higher than the bank will (when they take control to liquid it as a tox...
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