Living Green Olympia: Well....We Haven't Seen THAT For a While!

Nancy, in the Hampton Roads Virginia market we are also seeing multiple offer scenarios and escalation clauses for the properties that are top notch and enter the market with an attractive price.  Properties in worse condition or with a fishing price are still sitting untouched for months and rarely see the activity of their more attractive cousins.

Isn't it interesting that multiple offer situations have returned to so many of our markets - though as you said, Drick, that's pretty much only when homes are in good condition and priced right.

Nancy:  They say timing is everything.  It's sounding more and more often as though the opportunity for perfect timing for buyers has passed in many markets.  As always proven throughout history, our market is proving to be cyclical ...

Gene

Hi Gene - yes I am finding that first time home buyers are almost always competing in multiple offer situations on the homes they want - and often getting beat out by investors with cash and quick close offers.  We could sure use more inventory!!

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