That is according to this article, in AZBiz.com,
Sellers starting to see multiple bids on some home sales
Take homes priced to sell, combine that with record low interest rates, mix in tax credits for first-time home buyers and add a pinch of a little confidence and you have the recipe that’s starting to attract multiple offers from prospective buyers.
“I had one buyer make offers on four different homes and lost three before she got the fourth,” said Don Eugene, a real estate agent with Long Realty.
The phenomenon has been picking up steam in the Tucson market over the past few months as sellers of resale homes tire of keeping them on the market drop their prices, often below what’s considered market value. Some agents say there have been cases when the multiple bidding winds up with the house being sold for more than the asking price.
This home located on Foothills Drive was listed by Louis Parrish at $175,000. It received 12 offers and eventually sold for $215,000
For now, this multiple offer business is pretty much exclusive to the lower end of the market. But, as prices drop at the high end, and they are, it would not be surprising to soon see some multiple bidding up there too. Stay tooned
and see thefoothillsToday.com
to search for Tucson Foothills Homes