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April 2012

Found 1 blog entry for April 2012.

What is a real estate bidding war, and why is it back in Metro Detroit?bidding-wars-mark-z-home-selling-team

It is a supply and demand issue. When there’s not enough supply for the demand, prices get pushed up. The way that this happens is often through bidding wars. If you are just starting to get out and look for homes, you probably are not aware of what has been happening lately. If you have been out looking and maybe even put in an offer or two you have already realized it's not as easy as just finding the perfect home. You have to WIN the perfect home.

When a lot of home buyers want the same property and write purchase offers for it, we have multiple offers. In some markets, multiple offers come in at or under list price (I have seen this in cooler markets). But when the realty

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