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Market News Update #2 Spring 2019

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Orson Hill Realty
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The numbers show that a properly priced home sells quickly in this market and has for a few years now. It is true that there was some time last summer that the buyers seemed to have been panicking and buyer with emotion instead of  listening to their head and worst yet their real estate agent. There were times where my clients were in bidding wars and asking me things that in a normal market would never advise to them. I still didn’t advise them to make crazy purchases. I lost an offer last June. It was a home that in the long run the people that bought it won the offer with a total cash offer, 10% of list, appraisal conditions waved and home inspections waved. It was hard for me to convince my buyers to buy a home that you are going in with at least 10% negative equity and possible material defects that could have been discovered. 

https://orsonhillrealty.com/honey-have-you-seen-the-inventory/

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