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          Home Negotiating Price

          Are Sequim Homes Getting Multiple Offers?

          Chuck Marunde by Chuck Marunde
          September 19, 2019
          Reading Time: 2 mins read
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          The news around the country is that some real estate markets are getting hot and multiple offers are not unusual, and that some homes are being bid above the listing prices.  What about Sequim homes?  Are Sequim homes receiving multiple offers?

          Multiple Offers and Competition

          Sequim homes are not receiving multiple offers like some areas in the San Diego area or around other parts of the country, but here is where we are seeing buyers get beat out of their offer on a Sequim home or a Port Angeles home.

          The ideal retirement home goes on the market, and by ideal I mean it is in a very nice location with some privacy, the home is a newer home in great condition, the floor plan is fantastic, and the price is really really good.  There are not many homes like this in the entire Sequim and Port Angeles market, so when this kind of home shows up in the MLS, buyers who are watching the new listings on my online Sequim MLS site (listed in the last 14 days), are ready to make an offer.

          Multiple Offers for the Perfect Home

          I have had several buyers who decided to make an offer on a home only to find out that another buyer made an offer the same day or the prior day, and the other offer was slightly better, i.e. full price.  Most of these cases involve buyers who took too long to make a decision, days or even weeks.  What a disappointment for a couple who find the perfect retirement home and someone else buys it out from under them.!

          The point I share with clients is that when you see an extraordinary home with a very reasonable listing price that is at or below fair market value, don’t fool around.  Make a full price offer, and do it now.  You can make a lower offer, of course, but you increase the chance that someone else will make a full price offer, which is happening a lot lately for these ideal homes.  I would say six of my buyers have lost their homes because they did not do this.  This is not an effort on my part to get clients to make full price offers on homes that are listed too high.  You’ve got to know market values and have the experience to discern a good deal when it shows up.  Then you’ve got to take appropriate action before it is too late.  Do not procrastinate when you find the right home in the right area at the right price, because you might learn about multiple offers first hand.

          Last Updated on September 19, 2019 by Chuck Marunde

          Tags: multiple offersnegotiatingSequim Homes
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          Chuck Marunde

          Chuck Marunde

          Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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          • Home
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