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 Burlington. All sporting good schools and great location for commuters.
Of course we were in a multiple offer situation. An experienced buyer’s agent can help you walk though the multiple offers on a home and increase the odds of you being the winning bidder! Understanding what can happen when multiple offers are submitted on a home can help increase your odds. Unfortunately many buyers make to many assumptions about what will happen in a competitive bidding situation, leaving them out in the cold. I have recently written an article, Multiple Offers- What Can Happen?