How Can Buyers Succeed in a Hot Seller's Market?

Colorado Springs Real Estate Podcast With Brian & Tiffany Canady

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Today, we’ve got three essential tips that will help you win in a hot seller’s market. First of all, it’s incredibly important that you work with a local lender. In multiple offer situations, sellers are always going to choose an offer where the buyer is working with a local lender. A lot of buyers are in the market right now. However, inventory is low, which means demand is very high. This has led to over-bidding and several multiple offer situations. A recent statistic reports that every listing at $250,000 has more than 79 buyers. “A listing at $250,000 will have more than 79 buyers.” Therefore, buyers should be prepared to bid above asking price. Thankfully, we’ve got some tricks up our sleeve to help you compete. Outside of having a local lender, the next best tip is to not be defeated. We often tell people to plan on missing out on three homes. Be prepared to miss out for a while, but eventually things will work out. The market is tough but great professionals can help you navigate this hot seller’s market. If you have any questions, just give us a call or send us an email. We would be happy to help you!

39 episodes