SO the end of last week I listed a foreclosure home in a very nice area. It was about 15% under market value and $85.00 p/sf. Today I have over 30 offers on this property which is the most I have ever experienced. In today's market we are seeing many multiple offers situtions especially in the lower end homes that are under $350,000. Yes, it is a buyer's market, but if you are just starting to look beware that it takes most buyers writting 3 offers on different properties before one is accepted.
Please visit my website at www.cloneyrealestate.com
Also you can contact me at shad.cloney@camoves.com
Monday, April 27, 2009
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