Home Buyers Face Multiple Contract Competition

By
Education & Training with Realty Group Referrals 16766
http://actvra.in/zmj

Home Buyers Face Multiple Contract Competition

Home buyers read about the bargains to be found in the national real estate market and are then shocked when they discover that they face multiple contract competition for the home they prefer.  This is the case with some properties in Montgomery County, Maryland. 

All prospective home buyers need to try to understand the local market as they enter the home purchase process.  An exclusive buyer agent that really knows the local market is a very important resource for a successful effort.  And, home buyers need to be prepared with a pre-approval letter in hand when they plan to use mortgage financing.

Stunned Home Buyers Find the Bidding Wars Are Back is the title of an article in today's issue of The Wall Street Journal.  It is good reading for home buyers and their agents.

Spring flowers are blooming.  Be sure to have your camera in hand to capture the special moments when you are out and about.

Kentlands Spring Blossoms IMG_7818

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Posted by

Amateur Photographer, Roy and Dolores Kelley Photographs

A real estate broker since 1960, I have retired from RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 

Roy Kelley, Associate Broker

Realty Group Referrals

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Home Office: 301-670-8996



close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Maryland Montgomery County
Groups:
Photos
ActiveRainPhotoBlogger
Great Shots!
EXPRESS WITH PHOTOGRAPHS AT ACTIVERAIN
Friday's Fotos...
Tags:
roy and dolores kelley photographs
home buyers face multiple contract competition

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
958,895
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Roy -

I agree I'm dealing with several bidding wars myself.  Times are changing or already have should I say.  If one hasn't bought a home NOW is the time before looking back and saying what if. 

Thanks for the re-post of our exploding lighter.  Good to get the word out there how dangerous lighters are when left in the hot sun or near a hot grill or stove!

Have a great day in all you do my friend.

John

Apr 27, 2012 08:38 AM #1
Rainmaker
734,232
Juli Vosmik
Dominion Real Estate Partners, LLC, Scottsdale, AZ - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Roy, isn't it amazing how quickly our real estate market turned.  The inventory is SO low and, with the current interest rates being the lowest in history, it's no surprise - it just happened really fast.  

Apr 27, 2012 08:51 AM #2
Rainmaker
1,201,217
Robert (Bob) Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX Real Estate Expert

Roy,

I saw the Journal Article this morning and I really don't mind asying to Buyers "I told yopu so"!!! Thanks for the update and if buyers are in the Gaithersburg area they need to see Roy Kelley immediately before prices go through the sky.

Apr 27, 2012 09:41 AM #3
Rainmaker
2,161,051
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good afternoon to all.  I appreciate your feedback.  Home buyers certainly need high quality advice in the current market.

Kentlands Spring Flowers IMG_7837

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 27, 2012 09:51 AM #4
Rainmaker
552,196
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Multiple offers are never much fun,  not many have come out with all parties being really happy...

Apr 27, 2012 12:46 PM #5
Rainmaker
839,552
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

I rather have one bird in my hand instead of 3 up in the air...

Roy, have a nice weekend.

Apr 27, 2012 01:05 PM #6
Rainmaker
2,161,051
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Home buyers and their agents need to be prepared for multiple contract competition.

Have a great weekend.

McCrillis Gardens IMG_5623

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 27, 2012 06:11 PM #7
Rainmaker
1,133,376
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Roy -- as I have been telling my buyers -- generally speaking, real estate is all local and not national.   Multiple offers and often overasking price is definitely back in many parts of our market.    

Apr 29, 2012 08:10 AM #8
Rainmaker
2,161,051
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks, Michael, for your comments.  In Montgomery County, Maryland, home buyers need to be well prepared for multiple contract competition.  Cash purchasers with no conditions definitely have the advantage.

Azaleas, National Arboretum, Spring Flowers IMG_8970

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 29, 2012 08:21 AM #9
Post a Comment
Spam prevention
Show All Comments
Rainmaker
2,161,051

Roy Kelley

Roy and Dolores Kelley Photographs
Ask me a question
*
*
*
Spam prevention