Friday, March 6, 2009

Multiple offers on homes? Buyers are finding great "deals" too good to pass up.

I know it's hard to imagine in this market however a property that shows real value will not only sell, it may also get multiple offers. There are many "deals" to be had for serious buyers.

Many homes that are bank owned are getting multiple offers including over asking due to the very attractive asking prices. A fixer home in the Excelsior district in S.F. recently received 42 offers with half over asking.

A property in Pacifica in a very desirable neighborhood sold in 21 days $50,000 below asking.

Even with all the doom and gloom of the media and the message that houses are not selling......when consumers qualify for conventional or FHA loans and they recognize good value, the offers do come.

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