SHACKLEFORD ISLAND ON THE SOUTHERN OUTER BANKS OF NC

SHACKLEFORD ISLAND ON THE SOUTHERN OUTER BANKS OF NC
WALKING WITH WILD MUSTANGS ON THE CRYSTAL COAST OF NC

Thursday, May 09, 2013

North Carolina Bidding Wars are Back!

You may have heard a lot about rising home prices on the Crystal Coast real estate market recently. Prices have indeed begun to rise, but what's also on the rise is the prevalence of bidding wars in home sales! What's fueling them? It seems buyer demand and a low inventory of homes have a pull in the game.

According to Realtor Magazine, the number of homes for sale are at the lowest point in more than 10 years, but buyer demand is higher than ever. The result comes in the form of bidding wars where buyers are urged to jump on the attractive homes that are on the local market.

Gone are the days of lowball offers as more potential homebuyers jump off of the sidelines, looking for their future Crystal Coast home. Some real estate agents are even suggesting that homes are being underpriced to promote bidding wars and the quick sale. Many sellers are not pricing at the market value as, given the current state of the market, you do not want to overprice your property.

Pricing below market value is a great way to promote activity on properties and ensure the quick sale— what every Coastal Carolina seller wants. However, the question now is not whether a home will get multiple offers but just how many it will get.

Does your home stand out enough to snag multiple offers in today's market? Here's two ways you can be sure:

1. Understand the Crystal Coast Buyer
2. Prepare your Home to Sell

By following these tips, you can sit back and let the bidding wars begin! Or if you're a buyer, dive in!


Gena Gilbert

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