Buyers need to jump off the fence now if they're going to snag the best deal!Yesterday I received a call from an Agent who wanted to show one of my REO Listings. He hadn't shown it yet...he wanted to be sure it was still fully available. According to this Agent, almost every Bank-owned listing that he has called on to set appointments already has contracts.WOW!Come to think of it, the last 2 REO Listings I sold each had multiple offers...In Northern Virginia, it looks like the Spring market is in full swing. I just did a search in our MLS...In Loudoun County, approximately 47% of all Bank-owned properties listed in our MLS are currently Under Contract.In Fairfax County, approximately 43% of the Bank-owned properties are listed Under Contract.Yes, there are so many great properties still available for the savvy Buyers -- but these days they'll need to act fast!!What's your spring market like??
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