It seems like every spring I write about how hot the real estate market is. Well here is my update again. Despite how the media portrays the doom and gloom of real estate homes are selling quickly, and multiple offers are again common in the Albany market. In the past two weeks, I have been involved in three multiple offer situations on both the buy and sell side. Even when I call listings agents for appointments, I am amazed at the number of homes already under contract with less then a week on the market. With great interest rates, Up to $8,000 in tax credit money available, and reasonable listing prices, buyers are literally coming out in droves. Now more then ever speed becomes essential. If you are interested in a home new to market it is important to view it immediately. The bulk of showing activity happens in the first 3-4 weeks. After this you will generally start to see a decline in the frequency of showings depending on the marketing program done by the agent. If you see a home new to the market call immediately to set up a showing!
One more comment on multiple offers. If you are a buyer in a multiple offer situation be sure to write a personal letter about yourself, your family, and why you want the home. As a listing agent, I see this occasionally but not often. As a buyer's agent, I always have my buyer's write a personal letter. Sure seller's are mainly interested in the bottom line. However, you would be surprised how many times a well written personal letter will sway a seller to accept one offer over another. I have had buyer's win two of the last three multiple offers I presented. You guessed it, both I won included a personal letter from the buyers.
If you want to talk about additional strategies for getting your offers accepted call or email me anytime or visit me online at Albany NY Real Estate Deals
