The days are getting longer, warmer and drier – so it must be multiple offer season again! The real estate market is shaking off the winter doldrums…buyers are out, and listings are once again hitting the market…but not enough listings, which means that multiple offers are once again commonplace. If you’re a seller, that’s some sweet, sweet music – but if you’re a buyer, it’s going to totally harsh your vibe. I have a client who’s a buyer and he’s going to be in a multiple offer situation, and wants to know how much to offer. I gave him some good guidance, but I also said I would run the numbers and see what MLS data can tell us about how much to offer on a property, given a certain number of offers. I broke it down for Santa Clara, Monterey, and Santa Cruz Counties. While the data is probably not statistically useful, it’s better than nothing which is what you had before watching this video, so enjoy!
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