This 3-Point Checklist Will Tell Us If We Are in a Bubble

Are we in a housing bubble? There are three indicators we must look to when considering this question.

Today I would like to focus on a question I am asked all the time, which is:
“Are we in a housing bubble?”

The important thing is that you, the seller, are able to accept an offer
that fulfills your wants and needs.

There are actually at least three requirements that must be met for a housing bubble to occur:

1. There must be low inventory. As you have likely noticed, this is a factor in our Atlanta market

2. Prices must be rising. Once again, this is something that has been the case for our
local market lately.

3. There must be crazy loans. Fortunately, this is not true for our area. At least, not yet.

Overall, the bottom line is that you should not worry about a housing bubble for now. But it is a
great time to list. You could get a fantastic deal for your home if you sell right now.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

What Should You Do When Your Property Receives Multiple Offers?

Today I would like to review a three-step guide on how sellers can navigate a multiple offer situation.

In a hot market like what we are seeing today, multiple offer situations are very common. It takes
just days for a property to see three, four, or five or more offers. That being said, how can you handle
these circumstances as a seller? There are three steps I recommend.

1. Identify the situation. When your home has just been listed and your agent is already receiving calls
after call inquiring about the property’s availability, it is a good sign that multiple offers are in store.

2. Set a time limit. Such a high level of competition over your listing may seem overwhelming, so the
best way to proceed is by setting a time limit. This will give you the chance to review and compare
offers.

3. Choose the best offer, not just the highest. While the highest-priced offer and the best offer are
usually one in the same, this is not always the case. The important thing is that you, the seller, are able
to accept an offer that fulfills your wants and needs. And because multiple offer situations can result in
bidding wars, it is important to make sure a potential buyer will be willing to make up the value
difference in cash in case the property does not appraise accordingly.

The important thing is that you, the seller, are able to accept an offer
that fulfills your wants and needs.

If you have any other questions or would like more information, feel free to give me a call or send me
an email. I look forward to hearing from you soon.