Skip to main content

Many Buyers Are Ready NOW

I submitted an offer for a buyer yesterday. There were 26 competing offers. The price of the home was ~$200,000.
I have been doing this 17+ years and I can't remember that many offers on a home, other than maybe a seriously discounted fixer-upper or a bank-owned property.
How long will this last? I can't say for sure, but I predict a consistent market through August and if rates stay low and our state's health remains manageable, I don't see an end in sight. This doesn't mean there will be 26 offers on every home, and it doesn't suggest a buyer has little chance of securing a property. Be prepared and you will succeed.
This also doesn't indicate you can put a for sale sign on a home that isn't ready for the market (staging, landscape, etc ..) and expect to get the terms your neighbor will, if they do some basic things - as recommended by a Realtor they trust.
When should you buy or sell? My answer is still the same, after all these years. When *you* are ready.

Great related article:

Popular posts from this blog

Let's Go For A Walk: Meet the Wurbles

  When's the last time you opened your front door and walked down the street for a cup of joe or to hit the gym? A number of people, especially those in the "717", can't do that. We live in the suburbs. The country. We drive to work, shop, and play. Some stats and news reports the last two years would have you believe that everyone is moving to the sticks. The truth is, I've never had so many people tell me they want to live in a community where they can walk or bike for shopping, exercise, work, school, etc ... Some things to consider if you find it appealing to be using your car less. This goes for both buying a home or renting.   - Flirt with living in town . A novel idea! Take your pick, almost all of them have housing options that allow you to do a number of things on foot or two wheels. If sustainability is important to you, this is a homerun  - Live near public transportation . The "717" doesn't have a subway, but options include the CAT bus,

Housing Shortage or Thought Scarcity?: A Common Sense Proposal

  Photo by  Roberto Nickson  from  Pexels With low inventory, BOTH buyers and renters are having a challenging time getting into a home. A solution, one would think, is creating more available homes. A gut reaction would be to build big developments, with large homes or maybe a condo complex. But what if you could build a home on your current property and rent it out? I see small towns around me push back, and a common reason is "parking" . Meanwhile, a quick drive down their streets will show plenty of parking. And get this, the people that would shop in the now almost empty stores in their town wouldn't need to drive there - they would walk. Another pushback I hear is that a new structure will create too much non-permeable space . It's always an interesting thing to hear from a sector that listens and smiles - but does nothing - when I talk about clean water bills, riparian buffers, and other common sense solutions to a healthy local environment. The more I learn ab

When Is The Market Going To Change?

  I get asked the "when is the market going to change" question about twice a day. In fact, I think I've been asked that almost every day since I got into this business about 20 years ago. While I help people all over the globe, I'm hands-on in the area within about 90 minutes of Harrisburg. The thing with this location is that people * like living here *. Looking over my past client list - I am seeing some trends that (in my opinion) prove just how well-liked the 717 area code is. A number of my clients grew up in Pennsylvania. Then - they moved away, only to return. Their reasons are many but popular answers are the cost of living, community, and employment. This is a big reason we have a low inventory of homes. People want to live here.  Do I think there is going to be a shift? Yep! But nothing so drastic as seeing whole neighborhoods for sale like we saw in other parts of the country a few years ago. The reality is that the sellers I represent are able to take ad