One of my clients was prepared to write an offer on a new listing in Sterling Park that went on the market on Friday. It was in really good condition and priced very aggressively at $180,000. Similar homes had been priced at $200,000 to $220,000. We were prepared to offer $210,000 for the home. I made a call to the agent to see if there were any offers on the property.
She informed me that she had received 25 offers over the weekend. Unbelievable. Furthermore, the price was bid up over $70,000 over the list price of $180,000. Fortunately, she gave me warning about the multiple offerings and save me and my client some time.
This is happening to many of the better listings in Sterling Park. But there is a way to get a deal on the foreclosures in our area with the correct strategy and tactic.