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Christina Lynch

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Saint Louis Home Bidding Wars Catch Buyers Off-Guard

St Louis Home PricesCompetition for that Dream Home bargain is on the rise.  We see it in St Louis Real Estate and now it’s reported nationally that home buyers are paying above list price and bidding against each other in some cases.  Chances are when you find a home that appears to be a bargain others will think so too.  Recently we had a property listing with 4 purchase offers and currently represent buyers with competing offers.  There no question that the St Louis Real Estate market is heating up.

Home buyers are unexpectedly finding more competition this spring in landing their dream home. Bidding wars are increasingly being reported in markets across the country, from California to Florida, The Wall Street Journal reports.

“It’s a little surprising because we thought bidding wars were done with,” Andy Aley, a home shopper in Seattle, told The Wall Street Journal. Aley says he was outbid on a home earlier this year, even though he offered to pay $23,000 above the listing price and also waive inspections and other closing conditions.  full story

Source REALTOR Magazine

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Posted in: Hot Properties, Market Watch, Real Estate News, St. Louis and Area Real Estate News Tagged: st louis homes for sale, St Louis Homes Purchase Offer, St Louis Multiple offer, st louis real estate, St Louis Real Estate Market conditions

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Thanks Jim. I was prepared for a miserable experience. You took the worry and tension out of selling.

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We had the best experience during the purchase of our first home with Jim. We love it. One of my best friends is a Realtor and I have already told her that when I move, Jim Hurley is the one I work with.

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It was our first home and we spend several months looking. Jim never lost patience. He spent hours educating us and helping us through the process. He’s always smiling and positive…. Linda and Steve Green St. Peters, Missouri

Linda and Steve Green St. Peters, Missouri

I wasn’t really considering buying a new home but one I had looked at before we bought the last one, which I loved, came on the market. I called Jim and we moved 45 days later with no problems. He really cares about the people involved in the process.

Tina and Tom Shinner Kirkwood, Missouri

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Still LOVE my home – thank you!!

Lynn B. Ballwin, Missouri

default image

Thanks Jim. I was prepared for a miserable experience. You took the worry and tension out of selling.

John Walsh Seattle, Washington

default image

We had the best experience during the purchase of our first home with Jim. We love it. One of my best friends is a Realtor and I have already told her that when I move, Jim Hurley is the one I work with.

James Fagan Ballwin, Missouri

default image

It was our first home and we spend several months looking. Jim never lost patience. He spent hours educating us and helping us through the process. He’s always smiling and positive…. Linda and Steve Green St. Peters, Missouri

Linda and Steve Green St. Peters, Missouri

default image

I wasn’t really considering buying a new home but one I had looked at before we bought the last one, which I loved, came on the market. I called Jim and we moved 45 days later with no problems. He really cares about the people involved in the process.

Tina and Tom Shinner Kirkwood, Missouri

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