Multiple Offers

"We have received multiple offers on the above referenced property. Please submit your highest and best offer," says the fax that comes into my office.

This fax is not an aberration. Quite the contrary - it is the norm. We are not living in a buyers market in Riverside County. We are experiencing something quite the contrary. Housing prices continue to sag because the inventory is through the rough and because mortgage rates are low. Therefore, we are in a hybrid market.

This article on Inman confirms what we have been telling our buyers for months. When you are buying a home you need to be patient. You need to bring your best offer. That appears to be the only way to get a home these days.