The Art of Winning the Bidding War!

These days the market is moving along like a run away train reach outrageous speeds.  Everyone wants a good deal.  How far are you willing to go to get one?

Well the thing here is that some of these Foreclosures are price so low, that even in their current state they are lower than perhaps they should be or are they?

Watching all the HGTV.com programs we see almost all the homes are going for less than asking price.  But this is a different market in the Fox Valley and in Green Bay, WI for that matter.  So you need the homework done for you and pronto!  You need to know what is it worth today, and in minutes.  You also need to know what it would normally go for if your looking to flip this home.

This is a market I have studied for some time.  We are not wired to be able to offer more than the asking price regardless of how low the property is. But the key is “You” don’t do this every day for a living.  So you need to seek an aggressive export to lead you through the shark infested waters.   Not every home out there is a Gem.  But there are a good many, that are that Gem.  

The days of making $20k – 30k are pretty much gone.   But if you can land the right one and still make $10k to $15k you are doing pretty good!  But be careful not to go too far over the asking price or you may not have room to sell it when your done.  Always expect the unexpected.  Theres usually something you didn’t plan for.

So while knowing what you can about the values is the biggest step in knowing where the property will more than likely sell.  Now it’s time to go in with a strategic plan of action to make sure you can get it without spending a penny more than you are comfortable with and feel good about it.  But how do you beat out the other buyers and still keep the costs as low as possible?  How do you know what they are going to do?  Well, just like EBAY.com you don’t know what they are going to do, but you can set up the offer to purchase like an Ebay item.  Want to know how this works? You’ll have to visit my webpage, email or call me for “Insider Secret”

Happy Home Hunting!  

 

Cheers!

 

Summer is not the only thing heating up, So is the market

Calling all Buyers and Move Up Sellers!  The time to take advantage is now.  As they say “Strike while the iron is HOT”  Each month I run a comprehensive Marketing Report for the Fox Valley Area Primarily. However, I will do them for Oshkosh and Green Bay, Wisconsin Markets as well.  The last few months the inventory levels have begun to steadily drop, as the amount of sales and sales prices have continued to increase at a rapid rate.

So what does this all mean?  For the last 4-5 years now, we have seen a drought in home sales and even the buyer incentives failed to change the market place. In fact one could argue that the incentives were a complete failure and many sellers suffered even more as a result.

Fast forward to today: We are now moving homes at a rapid pace.  Foreclosures are still coming onto the market, but the amounts of them are less and less and are gone in days (not weeks)  I myself have written over 25 offers this year and 5 or 6 of them have had multiple bidding wars going on.  

Next blog topic:  How Win a Bidding War on Every Deal You Write!

The market folks is finally turning around and it’s coming with a vengeance.  Many Realtors have never seen anything quite like this.  The buyers market is coming to an end, and by fall this area should be looking at a shortage of homes.  This means that we are returning back to a sellers market, and Many current sellers are already seeing an increase in their listing and sale prices.   And yet the interest rates are at a 3.75% on a 30 year mortgage!    

Conclusion:  It’s the end of the First Quarter  Buyers vs Sellers and the Sellers have just returned an interception for a touchdown taking a 7-0 Lead.  

The market is on fire and it’s GREAT for the economy and local businesses.  You really couldn’t ask for a better time to get some better deals and get a great interest rate with some Awesome Buying Power!!!!

If you’d like to arrange a time for FREE consultations on buying or selling a home, you can reach out to me at any time. The Coaches Door is Always Open.   Send me a Referral and Get a $500 Credit towards the Listing Commissions When You Sell Your Home With Me in The Future.  

 

 

 

Sometimes it’s better to…

Sometimes it’s better to spend a little more than you planned, instead of a little less than you should

Zig Ziglar

Calling all Buyers and Move Up Sellers!  The time to take advantage is now.  As they say “Strike while the iron is HOT”  Each month I run a comprehensive Marketing Report for the Fox Valley Area Primarily. However, I will do them for Oshkosh and Green Bay, Wisconsin Markets as well.  The last few months the inventory levels have begun to steadily drop, as the amount of sales and sales prices have continued to increase at a rapid rate.

So what does this all mean?  For the last 4-5 years now, we have seen a drought in home sales and even the buyer incentives failed to change the market place. In fact one could argue that the incentives were a complete failure and many sellers suffered even more as a result.

Fast forward to today: We are now moving homes at a rapid pace.  Foreclosures are still coming onto the market, but the amounts of them are less and less and are gone in days (not weeks)  I myself have written over 25 offers this year and 5 or 6 of them have had multiple bidding wars going on.  

Next blog topic:  How Win a Bidding War on Every Deal You Write!

The market folks is finally turning around and it’s coming with a vengeance.  Many Realtors have never seen anything quite like this.  The buyers market is coming to an end, and by fall this area should be looking at a shortage of homes.  This means that we are returning back to a sellers market, and Many current sellers are already seeing an increase in their listing and sale prices.   And yet the interest rates are at a 3.75% on a 30 year mortgage!    

Conclusion:  It’s the end of the First Quarter  Buyers vs Sellers and the Sellers have just returned an interception for a touchdown taking a 7-0 Lead.  

The market is on fire and it’s GREAT for the economy and local businesses.  You really couldn’t ask for a better time to get some better deals and get a great interest rate with some Awesome Buying Power!!!!

If you’d like to arrange a time for FREE consultations on buying or selling a home, you can reach out to me at any time. The Coaches Door is Always Open.   Send me a Referral and Get a $500 Credit towards the Listing Commissions When You Sell Your Home With Me in The Future.  

 

 

 

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