"Bidding wars are back, and they’re lighting up our market."

Today’s buyers want a home that can accommodate a multi-generational living arrangement, with more overall square footage and space for a dedicated home office. If your home is spacious or has the features that the country’s new home-bound workforce would appreciate, now’s the time to sell. 

How, exactly, can you sell your home safely, though? If you or anyone you live with is in the high-risk category, then we absolutely advise heavy caution. That being said, we’re taking the necessary precautions to help people buy and sell with as little physical contact as possible. We use photos, videos (including aerial drone footage), and 3D virtual tour technology to create an immersive experience for buyers without ever requiring them to step foot inside a home. Only pre-approved buyers or cash buyers with proof of funds can come and tour our seller’s home—a filter that has actually helped make the process more efficient. Additionally, we ensure all parties have masks and access to hand sanitizer. 

I already mentioned multiple offers; did you know that 75% of the homes in our market are selling with multiple offers? The prevalence of bidding wars has stretched home prices upward a little further. 

Here’s a recent anecdote to illustrate the craziness of our market: Deborah in Carmichel heard Phil on the radio and decided to give me a call. She’s moving to Coeur d’Alene, Idaho, with her two young boys who will be attending college there. We listed her home for $1.2 million and had five different offers from Bay Area buyers. We were able to get Deborah $200,000 over the list price! 

If you have further questions regarding market conditions or are ready to make a move like Deborah, please feel free to give me a call at (855) TOM-DAVES or head to tdaves.com.