Relocate to Wisconsin : Thinventory - More Home Sale Offers without Contingent Homes Listed !

Thinventory - More Home Sale Offers without Contingent Homes Listed !

 Thinventory....the condition sweeping southeastern Wisconsin and many other parts of the country...MORE Buyers than Sellers...driving prices higher.  

   No homeSellers having a not "unfounded fear" that they will be homeless if they get a good offer quickly and have no place to go !  Moving twice is not appealing...and moving where..for how long ?  We get it !

    So we are entering a new day in real estate,..Offer contingent upon a home sale...that is not YET for sale.   In many parts of our market...homes in good condition, priced realistically are seeing prompt offers...at or over asking prices. We got our first offer with a home sale...and the Buyers' home was not listed...we knew the Selling agent and indeed...our suspicions were correct ...the Buyers did have this ...new word..."Nohomeobia"!

    If such an offer is accepted, we insist that the house be listed with a full service real estate agent.  New World We don't need to make the listing "active with offer" in MLS and are free to accept other offers....after honoring the bump clause...typically giving "Buyer #1" 48 hours to remove the home sale contingency from their offer or lose the house to the secondary Buyer.

    It's a new world in real estate....get your roller skates on...we're in for a real ride !

   If you are looking for a smooth ride in your real estate transaction...Selling or Buying in Southeastern Wisconsin...Call the Hansons...we are honored to be of service !

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Comment balloon 8 commentsSally K. & David L. Hanson • April 04 2016 07:30AM

Comments

It has been years since we have had to deal with a large number of contingent offers, I don't reall writing one of accepting one in over a decade at least.

 

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) almost 2 years ago

Things have been thin here for a while and I have been doing inspections on properties that are sold before they hit the market.

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) almost 2 years ago

 Good morning Sally K. & David L. Hanson . It seems as if our thininventory is starting to not be as thin. I'm starting to see more properties on the market.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) almost 2 years ago

Thinventory seems to be an issue in a lot of places.....you know how to handle the situation.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 2 years ago

Hi Sally.  We don't accept sales contingent upon the buyer selling their home.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 2 years ago

Good morning Sally and David. Incredible. A contingent offer without the buyers home even being on the market. I'd stay away.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) almost 2 years ago

Anyone thinking of selling their home should list with you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 2 years ago

No kidding...out in a wild snowstorm that took me aeons & buyers after us were lined up...it all depends on the price point for sure Sally K. & David L. Hanson ...

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 2 years ago

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