Thursday, June 6, 2013

Negotiation Strategies in a Multiple Offer Situation

      While many of the European countries are still struggling with staggeringly high unemployment rates and stagnant economy, the US economy is undergoing mild recovery largely due to the correct monetary policy set by the Federal Reserve System (FED). Along with the historically low interest rate, the housing market is blooming surprisingly well. We have seen many of the priced right homes received multiple offers and sold in less than 10 days. In this seller’s market, home buyers need a totally different set of strategies from those used in a buyer’s market. I will discuss in this article a series of strategies for serious home buyers to use in a seller’s market without making unreasonable sacrifice.