Jay's Notes: Because good buys are selling so fast and with multiple offers that bid the asking price way up, Where to Invest US offers a key advantage to our buyers by not allowing any other buyers to bid against an offer made by our investor. This means that the investor can do his or her analysis and if the property makes sense, they can lock it up without risk of someone else bidding the price up to where it longer makes sense. If you are frustrated by doing tons of homework on a property and putting in offer after offer and finding all your time being wasted with fruitless efforts, you will love the protections that we provide our buyers.
While home buyers have been holding a
lot of bargaining power in the housing market the last few years, more
of them say they are now feeling the market shift against them,
according to a new survey.
Seven in 10 home buyers say they’ve faced competition on a home for
at least one offer, according to a recent survey of 982 buyers in 19
markets conducted by Redfin....
"Many buyers who emerged from hibernation this spring eager to take
advantage of low rates and near-bottom prices now seem to have become
demoralized by the intense competition for a limited selection of homes
for sale," Redfin said in a public statement about the survey results.
Home buyers may feel more urgency too. The survey found the
number of
buyers expecting home prices to rise drastically grew — 61 percent say
prices will rise compared to 32 percent during the first quarter.
However, they are reluctant to get in a multiple-offer situation.
Thirty-one percent of those surveyed said that if they faced a
multiple-offer situation, they would back off.
Source: “Survey: Buyers Think Market Is Shifting Against Them,” Inman News (Aug. 29, 2012)