Real Estate Innovation Network
Real Estate Innovation Network focuses on bringing the real estate community together by providing networking and learning opportunities that you may not find by standard means. I’m Jed Etters, a 17-year veteran to the Real Estate industry. The goal of the Real Estate Innovation Network is
to bring the real estate community together by providing networking and learning opportunities that you
03/22/2013
Making a Backup Offer on a Home: A Good or Bad Idea?
Sam DeBord from reltor.com discusses the pros and cons of back-up offers. Given the recent scarcity of homes available for sale to the buying public, there has been a sharp increase across the country in home buyer competition. Low real estate inventory has been driving more multiple-offer situations and bidding wars on homes than we’ve seen in many years. The Seattle area is a prime example, with 60 percent of real estate listings near the major job centers being sold in under 30 days. There are just 1.39 months of housing inventory available, when 6 months is the standard for a healthy, balanced market. Read more here:
http://www.realtor.com/blogs/2013/02/28/making-a-backup-offer-on-a-home-a-good-or-bad-idea-2/
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