Back-up Offers Make Sense In a Low-Inventory Market

Posted by Bonnie Martin Designated Broker on Monday, December 17th, 2012 at 8:44am.


realtytimes.com - In many parts of the country for-sale inventories have shrunk to historic lows. Buyers wanting to take advantage of remarkably low interest rates are frustrated by the dearth of available houses, especially at lower and mid-level price ranges. Well-priced properties that come on the market are frequently bid up over the asking price. And those "steals" in the REO and short-sale markets? Forget about it. How quickly - in many markets at least - things have changed.

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