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Summer Set to Sizzle with Multiple Bids for Home Sellers

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summersetIf the findings of a new Coldwell Banker report are true, summer homebuyers may find themselves engaged in a bidding war for their dream home. According to the residential real estate franchise’s report, 47 percent of home sellers have received offers from multiple buyers since 2014. Twenty-seven percent of those home sellers say at least one of those offers was above their asking price. So, what can a homebuyer do to gain an advantage? Well, the report indicates that sellers “want to feel emotionally connected to the buyer.” With 36 percent of home sellers admitting to accepting an offer based on emotion, homebuyers who share how much the home means to them may have a better shot than those who make the better offer.

To learn more, read the entire article.

Image credit: 401(K) 2012

 

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