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Short Sales & Foreclosures = More Multiple Offers

Sounds kinda funny but many of the foreclosures & short sales I've been showing lately are receiving multiple offers... and are doing so at a much higher rate than the rest of the listings on the market!  In some cases the homes sell for at or above asking price, though most still sell for less than asking. What is the reasoning for this?  Well, it actually is a combination of several factors: Many buyers feel that foreclosures and short sales are the "best deals" in the market and therefore they can draw … [Read more...]

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.