03/08/2022
Check this out...below is a summary of information we received from an agent on a property we submitted an offer on. In just a few days there were 109 showings! Extremely grateful to the listing agent for sharing this to help us all. If you or someone you know is looking to purchase OR SELL and confused by some of the terms below...reach out! We are happy to help unpack it all:
1.) Total Offers Received (3 days of showings)= 23
2.) Average Offer Price = 9% over asking
3.) 4 were written for or ESCALATED to over 15%
4.) 13 had ESCALATION CLAUSES
5.) 15 of the 20 financing offers included APPRAISAL WAIVER, ranging from $10,000 to 100%
6.) 10 waived APPRAISAL CONTINGENCY
7.) Of the offers with financing, only 1 mortgage lender reached out
8.) 6 waived INSPECTION CONTINGENCY, a number of others were for information purposes only
9.) 18 offered FREE OCCUPANCY, on average 30 days
10.) 2 requested seller paid home warranty
11.) EARNEST MONEY DEPOSITS ranged from $5,000-$50,000
