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Spring House Hunt: How the bid was won April 15, 2021 6:09 pm
There are a few universal truths in the current housing market that would have seemed crazy just a few years ago.
The wave of competing bids over the asking price is only the beginning. Prospective buyers are even waiving mortgage contingencies and the right to an inspection in the desperate hope of submitting the winning bid on a coveted home.
So how does a bid stand out in the crowd? We asked several local real estate agents and brokers.
“Buyers right now are in even larger numbers and most of them have their foot all the way down on the gas pedal revving to go and we still have the same limited number of sellers, if not fewer,” said Maggie Gold Seelig, founder of luxury boutique firm MGS Group Real Estate. “Buyers no longer have a week to make decisions. There is no longer the luxury of time in this market, generally speaking.”