When you're bidding on a home, it's critical to have the multiple offer mindset. 🧠
So we are just into the first month of 2023 and the movement on rates has created more multiple offer situations than anybody may have predicted. 👀👀
📊 Inventory is still at a month and a half supply in the suburban counties Chester, Delaware, Montgomery and Bucks and in that like 4 to 5 month supply in the city of Philadelphia, depending on your neighborhood. So obviously there's a dichotomy there between the city and the suburbs.
What we're seeing is there's more demand out there than many experts thought. 🏡
If you're thinking about making a move, I'm clear adopting that multiple offer mindset is going to be critical to winning. 🏆
➡️ With the rates, affordability has increased for buyers and the millennial home buyer demand is still out there for sellers.
Tune into episode 307 of Tom's Take for some critical questions to ask when you're making an offer. 💸
The market is continually in flux. If you've got a situation where you feel like you're losing, you need to reach out to a professional who can give you the winning playbook to win the house in a multiple offers situation. 💥
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