A couple of weeks ago at 10:00 PM, while at my computer, I received an automatic alert.Â The search is set up to send clients new listings, that specifically meet their criteria, as soon as they hit the market. It was a new listing on a great little house, in a good area, at a very attractive price. Although it was a bit late, I emailed my client immediately, as we had already scoured the entire market for houses in her criteria.Â I told her there was a new listing that we must go to look at right away.
First thing the next morning, I sent her a text message telling her to check her emails for the new listing I sent over.Â This was the first day this little gem would be on the market.
I already had appointments set up for that day to look at 10 houses with out of town buyers that were referred to me by my a fellow Realtor. (Thanks John, you're the best!)
I told my buyer I would call her as soon as I finished with my first clients that day.Â And, I did. Just knowing how quickly some Palm Bay real estate has been moving around here lately, I left a voicemail for the listing agent to confirm that the property was still available (I know, it's just the first day.)
I met the client at the house at 5:30. She and her mother did a walk through and they loved it. The house was just what they were looking for. Everything suited her wants and her needs; price, condition, location and amenities.Â She was ready to write an offer to purchase. And, she would be paying cash.
I called the listing agent, again, as I always do before I put an offer in writing.Â She answered.Â We chatted for a bit and I asked if the property was still available.Â She told me that she already had 3 cash offers on this bank owned property, and two of them were over full asking price! YIKES!Â This house was on the market for less than 20 hours!
We are beginning to see more and more buyers heading to Palm Bay, and snatching up any properties priced under $130,000, as quickly as they can.Â I have been in several situations, with my buyers, that there were multiple offers on these bank owned properties!
Watch out, bidding wars are back!
Footnote: As an update to this post, I contacted the listing agent 3 days later and she had 12 offers on the property, and 2 were 25% more than asking price!
Specializing in Residential, Investment and Relocation Real Estate
Melbourne Real Estate / Palm Bay Real Estate
Serving Brevard County Florida for 15 Years
Melbourne, Palm Bay, Suntree, Viera, Rockledge, Titusville, Mims,
Indialantic, Indian Harbour Beach, Satellite Beach, Cocoa Beach, Cape Canaveral
I buy, sell, rent, own and manage Investment Property.