Let Me Whisper An Insider Secret To Buying In A Seller's Market
Source : https://www.stressfreepropertymanagement.com/blog/let-me-whisper-an-insider-secret-to-buying-in-a-seller-s-market
Over the last year, the Florida real estate market has gone red hot. Deals are flying off the Multiple Listing Service in a day or two. As a Wesley Chapel Property Management company , it can be frustrating because you submit a full price offer, and the deal gets sold to someone else.
After a while, as a Wesley Chapel Property Manager, I started to get discourage about finding a good investment property. The competition is so fierce. Eventually, I figured out what was going on, and I’d like to let you in on an insider’s secret.
When a market becomes a strong seller’s market, the listing agent realizes she is in the catbird seat. There are literally a dozen people the listing agent could sell the property to at full price or near full price
There is nothing wrong with this, at first glance. This is the essence of capitalism, and she isn’t doing a disservice to her Seller, because she shops the best offers she gets from other agents to her own Buyer’s list. In other words, she sells the property for the highest price, but tells her Buyer what the highest price is so he can bid just above it.
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