Fortunately I have written an article entitled "12 Strategies on How to WIN in a Multiple Offer Situation". I have been very successful getting my buyer's offers approved in this crazy market without them having to bid blindly and overpaying more than they have to in order to get the perfect home. If you are reading this and we are still in the hyper seller's market and would like a copy of this article, you can find it on my website at www.rjfreedkin.com in the "For Buyers" Tab. or simply scan the QR Code below and you will be taken right to it!
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In any market it is important to understand where prices are at "generally speaking" for similar homes that have sold during the last six months and what prices are for homes currently for sale as well as those currently under contract. It may also be part of the research to see if any homes "expired" which means they were listed for sale and did not sell. This could be a sign that they were asking too much for the home. Again, all this data can help formulate where prices are at for a home you may be interested in. An important component to determining that is the Comparative Market Analysis (CMA), which your real estate agent can and should provide. This is another benefit of working with a buyer’s agent. The CMA is basically a mathematical model to find out the 72
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