We’ve been talking about this for months, about what home buyers will do to get the home. It’s not uncommon for multiple offers to occur at prices that are below the median price point. What we find with this study is that not only are our assumptions correct, but look at one of those stats, up to 4% will pay 10% over list price! Notice also that 38% of buyers are willing to go over the list price. The one missing stat here is what buyers that did not go over list price, won the home.
The moral of the story is that it is a competitive market, especially for first time home buyers. Let us help you!
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