I thought this was incredible. My granddaughter’s daddy works in the foreclosure market. He went out for dinner the other night after entering a new listing into the MLS. When he came home his office floor was covered with faxes (all mixed up) representing 53 offers. Price $280,000. Ultimate sales price $370,000 (all cash) quick close. That beats the most offers in my career. Properties in foreclosure under $500,000 in California are selling (the big majority) with multiple offers. The buyers are in recognition of the incredible opportunity they have and acting on that recognition. Lesson: You never know, if the market has bottomed out until you turn around and you are heading uphill, once again.  He who hesitates is going to pay more.

53 Offers, Can you believe it?? is a post from: Barbara and Susi