The mindset of most buyers and buyers’ agents has not yet shifted to the conditions of the new market. Many agents and qualified buyers still believe they’ll have to compete with other contracts, pay over the list price, not be able to inspect the home, waive the appraisal contingency AND pay a higher interest rate!! NOT SO. We have already seen the return of contingencies! Gone are the days when a qualified and motivated buyer had only 1 or 2 homes to choose from every weekend, scrambling to be the first to see it and hoping to be the one who wins the ensuing bidding war, only to have to purchase it for 10% over the list price, as-is and waive the appraisal contingency!
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Gone are the days when a qualified and motivated buyer had only 1 or 2 homes to choose from every weekend, scrambling to be the first to see it and hoping to be the one who wins the ensuing bidding war, only to have to purchase it for 10% over the list price, as-is and waive the appraisal contingency!
This is part 2 of 3, ALERT: Real Estate Listings Not Selling? Do THIS NOW!’
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