Comments on: Twin Cities Multiple Offers Multiplying http://www.twincitiesrealestateblog.com/2009/twin-cities-multiple-offers-multiplying/ Housing News, Opinion, Statistics and Homes for Sale Tue, 07 Feb 2012 17:03:27 +0000 hourly 1 http://wordpress.org/?v= By: First Time Home Buyers Class http://www.twincitiesrealestateblog.com/2009/twin-cities-multiple-offers-multiplying/#comment-320 First Time Home Buyers Class Sat, 09 May 2009 23:33:18 +0000 http://www.twincitiesrealestateblog.com/?p=577#comment-320 I too have had a lot of buyers getting into multiple offer situations over the past few months. I think the Stimulus Bill, low prices, low interest rates, and more positive media have started to entice buyers to get off the fence if they are willing and able to buy. Personally, I have been trying to educate my clients on the multiple offer possibility before we see too many homes. This has helped them become aware that making a serious offer for the house is crucial if they truly want it. Keep up the great work of writing and educating our clients on the real Twin Cities Housing Market! I too have had a lot of buyers getting into multiple offer situations over the past few months. I think the Stimulus Bill, low prices, low interest rates, and more positive media have started to entice buyers to get off the fence if they are willing and able to buy.

Personally, I have been trying to educate my clients on the multiple offer possibility before we see too many homes. This has helped them become aware that making a serious offer for the house is crucial if they truly want it.

Keep up the great work of writing and educating our clients on the real Twin Cities Housing Market!

]]> By: Aaron Dickinson - Edina Realty http://www.twincitiesrealestateblog.com/2009/twin-cities-multiple-offers-multiplying/#comment-319 Aaron Dickinson - Edina Realty Fri, 01 May 2009 14:46:23 +0000 http://www.twincitiesrealestateblog.com/?p=577#comment-319 Yes it has taken a ton of motivation to get people to purchase this year but I think a large part of that is the uncertain economy. Just like the Feds have to give money away to banks to get them to lend, they have implemented almost similar measures in housing to get people to buy. The Traditional Seller is starting to get it... those that have strong motivation to sell and have the financial ability to reduce their price have and they are seeing that there are still buyers for their home when they hit a fair market value. Many other Traditional Sellers sit on the market without either the money to reduce further or the stomach to take a "loss" on their house. These sellers will be with us for quite some time as the market is not likely to push prices up for years to come. Yes it has taken a ton of motivation to get people to purchase this year but I think a large part of that is the uncertain economy. Just like the Feds have to give money away to banks to get them to lend, they have implemented almost similar measures in housing to get people to buy.

The Traditional Seller is starting to get it… those that have strong motivation to sell and have the financial ability to reduce their price have and they are seeing that there are still buyers for their home when they hit a fair market value. Many other Traditional Sellers sit on the market without either the money to reduce further or the stomach to take a “loss” on their house. These sellers will be with us for quite some time as the market is not likely to push prices up for years to come.

]]> By: A Guy http://www.twincitiesrealestateblog.com/2009/twin-cities-multiple-offers-multiplying/#comment-318 A Guy Fri, 01 May 2009 12:58:46 +0000 http://www.twincitiesrealestateblog.com/?p=577#comment-318 Hi Aaron.....Great sign? I appreciate the enthusiasm. It's taken federal government interest buydowns and heavy discounted prices to get this rush of activity you describe. And, because of the supply, as you state, "traditional" sellers apparently are over priced. In 2004 and 2005 you had excessive building activity and supply growth. Now, it sounds very different from that. This activity likely pulls the "traditional" seller down and as you know, that is a slow process. There are hints of the foreclosure bug starting to hit middle and upper middle class people who are losing their jobs. I wonder if you are seeing that action yet. Hi Aaron…..Great sign? I appreciate the enthusiasm. It’s taken federal government interest buydowns and heavy discounted prices to get this rush of activity you describe. And, because of the supply, as you state, “traditional” sellers apparently are over priced. In 2004 and 2005 you had excessive building activity and supply growth. Now, it sounds very different from that. This activity likely pulls the “traditional” seller down and as you know, that is a slow process. There are hints of the foreclosure bug starting to hit middle and upper middle class people who are losing their jobs. I wonder if you are seeing that action yet.

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