When It's Hot, It's Hot............

This is truly a Sellers market.

Houses are on the market for less than a day and with multiple offers being received on them. Most are selling above market value, and with Sellers calling most of the shots.

If your agent is having trouble finding and getting you into a home; it's not just you trust me. I run 24/7 for my clients; checking the MLS 10 or more times a day and running the minute I see a new listing, only to get to the house and several other Agents have already been there before me. You rush to try and get your clients in to view the home and sometimes have to do it by photos alone. The the mad rush to do the comps and get an offer (full price or more) to the listing agent, only to find they have accepted an offer already; all within 24 hours of it coming onto the market.

This is truly a tuff time to be a buyer. But don't let the Sellers or their agents convince you to for go your appraisal and inspection contingencies, you still need to protect yourself.

The number of houses falling out of escrow are amazing right now and most are either because the house did not appraise at the asking price or the Buyers could not qualify for the increased cost of these homes.

Sit back, and strap yourself in this is going to be a bumpy road for sure.

Be sure to visit: http://www.GotRealEstateQuestions.com for more information about buying or selling your next home. Search the MLS 24/7/365 from the privacy of your own home.