Source: Finance Yahoo —
The currently hot real estate market can create a frustrating situation for buyers looking to purchase their dream home.
“This is the most unprecedented market we have observed,” said Rogers Healy, owner and CEO of Rogers Healy and Associates Real Estate. “It is not abnormal in this climate for buyers to lose out on multiple bidding wars. Many buyers can’t compete with strong competition coming in with cash offers well over asking prices. Buyers [becoming] fatigued or discouraged has become commonplace in such a competitive market.”