We are staying in the multi-offer Montana real estate scene for part 2 of our series. We will look the levels of buyers and what each has for tools to purchase. From financed to cash buyers we will look at strategies for both sellers and buyers. The risk calculation metrics are explored in depth for both sides of a transaction. Its not always the highest price or the cleanest offer that is the best for the seller. All homes are a situation unto themselves. There are many facets to a mutually beneficial sale. It seems like a rowdy market right now from the outside, but calculating in a measured manner is a workflow to embrace once some light is shed on the modern Montana real estate market conditions.
Welcome to the Montana real estate multi-offer world where property sales are more like an Ebay auctions than a sane property purchase. Our nation's real estate market has accelerated at a breakneck pace as a new generation is buying their first homes after years of under building the nation’s housing inventory. There are more buyer’s than homes right now and the tools for both buyer and sellers have drastically changed. Who is your lender? What is an escalation clause? Do you get to inspect the home? What do you do with an appraisal? In part one of a two-part series where we start to explore the new environment of multi-offers in real estate for both buyers and sellers.
How would you like to try and spend 100 of thousands of dollars on something that no one knows exactly what it is? How about try to live in it? That can be scary and expensive. Today we talk about the inspection contingency and the teams who evaluate unknown home condition. If you want to go farther we learn that many homes haven’t ever been inspected by the state to see if they were originally built to code.