Buyer’s Agency in this Seller’s market
I have NEVER seen anything like this. Buyers of all price ranges having to write offers on multiple homes in hopes of getting one under contract. It is frustrating and heartbreaking to lose homes time after time. Around the Triangle area our buyers are losing out to cash investors and buyers that are moving here from other states bringing big money. Homes going 10-15% over list price and if they don’t appraise, the buyer is expected to bring money to the closing table to get it closed. In one area, homes are going for 100k over list price and 75k down in due diligence fee. All we can tell our buyers is continue to save your money, come in with good strong offers, and hope for the best. Some tips: over list price offer, high dd fee, short dd period, conventional loan or cash, seller possession after closing option. If you are ready to buy a home, call us so we can get you approved by a lender and get going. If you have been thinking of selling, call us because we have buyers current