Released: April 21, 2012
Low-ball bidders learn they can no longer get a steal on a house
Source: Kenneth R. Harney, Washington Post
A year ago, according to researchers at the National Association of Realtors, one out of 10 members surveyed in a monthly poll complained about low-ball offers on houses listed for sale. In the latest survey — conducted in March among 4,500 agents and brokers across the country but not yet released — there were hardly any. Instead, the focus of volunteered comments has shifted to declining inventory levels — fewer houses available to sell — and multiple offers on well-priced listings.Read Full Article: Low-ball bidders learn they can no longer get a steal on a house