The Home Buyer’s Ultimate Guide to Multiple Offers

The home buyers ultimate guide to multiple offers

I recently wrote an article for sellers on handling competing contracts on their home.  So now this article will focus on multiple offers for a home buyer. The pre-spring real estate market has heated up.  Inventory is ultra low and prices seem to be on the rise in many Massachusetts communities as you get closer and closer to the Boston.  If the property is in good condition, in a desirable location and priced properly, many times you will see open houses packed and multiple … Continue reading...

Win the Bidding War Against Other Home Buyers

Be the winning bidder in Multiple offers on a house

Competition is tight among home buyers.  Housing inventory is low, interest rates are low and home buyers are competing against each other for desirable homes.  It is the perfect atmosphere for the ever dreaded bidding war!  CNBC reports that over one third of all homes for sale nationwide went over asking price. Lets take Tewksbury MA.  The Tewksbury Real Estate market shows 153 properties sold in the past 6 months.  ( I removed all new construction that sold as they skewed the numbers … Continue reading...

Escalation Clause- Win the Bidding War

Escalation clause in real estate

An escalation clause can be a great way to structure an offer to be the winning bid in a red hot market.  When you know buyer  competition will be high on a home, it it also means you may be competing with multiple offers . Here in the Massachusetts Real Estate market we are seeing certain communities or properties that will most likely be in a bidding war with multiple offers.  It can be very frustrating as a buyer. What is an escalation clause? An escalation clause is you offer a certain … Continue reading...

Home for Sale in Reading MA- Closed!

home for Sale Reading MA

I just closed on a home for sale in Reading, Massachusetts located at 40 Catherine Drive for $574,900.  I represented the buyer as a buyer's agent. If you have been in the real estate market in Reading and the surrounding area, you know how quickly that market is moving.  Homes are coming off the market as quickly as they are coming on.  Inventory is light and most of the good homes are in bidding wars.  Its tough for home buyers in desirable communities like Reading, Melrose, Wakefiled and … Continue reading...