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We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

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Survey Reveals ‘Aggressive’ Tactics Home Buyers Are Willing to Use

home buyers

Low inventory coupled with rising mortgage rates and home prices are leading prospective home buyers to consider using “aggressive” tactics such as overbidding to obtain a home, according to recent survey.

In order to secure the desired home, 25 percent of prospective home buyers in the survey said they were willing to bid 1 to 5 percent above the seller’s asking prices.

When it came to overbidding, younger buyers (aged 18 to 34) are more likely to use the strategy. Millennials are more willing than their parents’ generation to outbid, borrow, or make a personal plea to get the house they want.

For example, another 9 percent of respondents said they were willing to bid 6 to 10 percent over the asking prices, while 12 percent of younger respondents said the same. Additionally, the survey showed 17 percent of buyers would write a personal letter to the seller, while 23 percent of Millennials said the same.

The survey, conducted by Harris Interactive, also examined top worries and found rising mortgage rates weighed on the minds of 41 percent of potential home buyers. Another 37 percent cited rising home prices as the top concern, while 36 percent said they were worried about not finding a home for sale they would like.

 

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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