Ten Offers...Seriously??

Seriously!  Sure, it sounds like something that might have happened a decade ago, but it actually happened less than a week ago! 

A home in the Westmorland neighborhood was listed late in March.  There was a flurry of activity at an Open House held in early April and the homeowners received ten offers on the home.  Ten offers!!  How can that be??

A few reasons come to mind.  First, Westmorland is a sought after neighborhood and this house is close to parks, the library, and the bike path, among other amenities. Obviously, location is a factor.  It's also a lovely home that was well staged and showed well, another important factor.  Finally, and perhaps the most important, it was priced right.  Buyers could see the value of such a property. 

The sellers of this particular home will probably receive more for their house than they would have had they priced it higher.  Instead, they are sitting in the driver's seat in a buyers market.  Wow!

You may be saying to yourself that this is unusual.  That kind of interest and activity is rare.  In fact, it isn't rare.  I wouldn't say that it happens everyday, however it is happening around the city.  We are seeing multiple offers on homes in Westmorland, but also in Middleton and other areas of Madison.

Not every seller is going to receive ten offers on their home.  But, if you can show buyers the value of the property they may be inclined to write an offer.  All you need is one!

On another note, be sure to checkout the Hyper-Local blog to learn about What's Happening in Your Neighborhood.