Market Update: Bidding Wars

It’s clear that the market is hot for our sellers right now. There were about 6,000 homes that sold above ask $100,000 in 2021, and buyers are not slowing down. Bidding wars have been happening since 2022 and have only gotten more prevalent as we approach Q2. The percentage of bidding for a home with an all-cash offer is 344% more likely to win the bidding war.

For my buyers who are looking to buy but don't have the liquidity, here are some tips:

💲Waiving the financial contingency
💲Allowing a buyer to cancel a deal if a loan doesn't come through by the deadline
💲Waiving a home inspection
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If you or anyone you know is looking to buy, sell, or rent Development Marketing Team is here to help. DMT employs innovative processes centered on real-time data to create advanced algorithms that elevate the consumer journey, optimize engagement and increase sales conversions. If you would like to learn more please email me.