You’ll see a H-O-T market is in full force in the Charlotte Real Estate Monthly Indicators for May 2015 provided by the Charlotte Regional Realtor® Association. Multiple offers is becoming the norm.
I’ll tell you a quick story but then I have to get back to my clients 😉 One of my seller clients had an offer on a Friday, the buyer decided to low ball & we rejected the offer but stated the acceptable terms that the seller would accept, no counter because we had several 2nd showings scheduled for the weekend. They left their “offer on the table” and would respond on Monday (Ha!, nice tactic, buyer agent). The seller formally rejected the offer the next morning. After a big showing weekend on this listing, nothing came in over the weekend and the other buyer didn’t resubmit an offer on Monday. Several interested parties but none in a rush to put in an offer. We ended up with 3 offers on Tuesday morning! So we informed all parties and the buyers from Friday’s offer ended up with the house but paid much more than if they would have accepted the seller’s terms and submitted a new offer on Saturday. This happens when you try to play a game and end up the one being played. Make sure your agent knows the market and is taking care of YOU. All in all, the buyers got the home they wanted, so the agent did their job…right?…but it did cost the buyers money and a little stress.
Enjoy checking out this report and always feel free to call/email me to find out what your home is worth in this crazy market. WE NEED LISTINGS! Inventory is crazy low.
I will continue to show the more local markets, so you can see the movement in each area year-over-year and year-to-date comparisons to previous year. I hope this information serves you well.
Charlotte Real Estate Monthly Report May 2015