It seems like finding the perfect home here in Bellingham like many other parts of the country where we are in ahigh demand but low inventory market, that is not many houses for sale, is not an easy task . As a matter offactthe so-called “inventory" is the lowest it has been in more than 10 years. Theabsorption rate is about 2 months right now, that means if no new homes came on the market the ones that are there would all be sold in 2 months at the present rate of sales. The way this market is right now any home that is priced right sells quickly and often has multiple offers bidding up the price. One of my buyers bid on a house recently that had 10 offers.
I often find myself telling buyers that just lost out on a home with multiple offers that there will be other homes coming on the market, and you will end up withoneyou like even better than this one.
While looking back at the homes my buyers didn’t get or the deals that fell apart, I can see that things almost always work out for the best. No matter how in love with any particular home, a buyer will invariably find something just as good or even better. Even though it is a tough market for buyers, the lesson is tohang in there and don’t give up.
Is there a perfect home out there for every buyer? Perhaps there is more than one. Keep your options and mind open, to a different style or maybe a different neighborhood and you may be pleasantly surprised at what you find.
As always if you want to find a good home or have one to sell,give me a call at 360-739-6981
Author:Michael Eisenberg Phone: 360-739-6981 Dated: March 28th 2016 Views: 268 About Michael: Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Math...
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"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area.