The Hensley’s offered $10,000 above the asking price, a family picture and a written letter of introduction detailing there plans to build a family in the Renton neighborhood in Seattle. They lost out to one of seven other buyers.
Bidding wars in Real Estate has not been seen since the market peaked in 2006, but they are making a comeback in Seattle and other parts of the United States. Inventory of homes for sale are at a six year low, while affordability remains high.
It is anticipated that listings will rise as banks accelerate foreclosures and confidence is regained in the housing market.
Now is a great time to sell! If you are interested in finding out what your home is worth, contact us at Distinctive Properties. (509) 783-1431.
“Distinctive Service for Distinctive Clients”.