Sellers have maximum leverage in today’s housing market. Whenever there’s a strong demand and limited supply, sellers will be in the driver’s seat. Your house is probably worth more right now than ever! Houses in middle Tennessee have appreciated (grown in value) at more than 20% over the last two years. Today’s buyers are making some pretty amazing offers. Here are few items that I’ve seen come through on contracts in the past year.
- More than $100k over asking price!
- Escalation clauses promising to pay above the highest competing offer
- Free rent-back to the sellers
- No appraisals to meet
- Flexible closing dates
- Nearly no financial or home sale contingencies
- Pass/Fail Inspections
It’s certainly a lot of fun looking through multiple offers! Many of today’s buyers are agreeing to be very patient and as a luxury realtor in Nashville, you’ll have the flexibility of time to find your next home.