Oakland Hills Real Estate Moving Briskly

Some people might think that with all the problems with financing and all the doom and gloom media coverage that you can get a steal on real estate right now because sellers are desperate. However in nice areas, we are still seeing multiple offers commonly. I just recieved a mutiple counter offer on a home that I wrote an offer on for a client. The home is listed at $950k, and we offered $975k  because they already had received on offer but they hadn't presented it yet to the seller. So even at 25k oever asking price, we still have competition. In the market of a few years back, we might have been in competition with five other people instead of just one, so I guess I shouldn't complian!

Granted the home is in an excellent area and in great shape, but it even suprised me somewhat because I thought we had the edge already with $975k. I assumed that the offer they had may have been a lowball, but it wasn't.  Apparently the demand for Oakland real estate, Oakland Hills real estate in particular is still strong. It makes sense because these buyers are less affected by changes in mortgage guidlelines and interest rate fluctiuations.

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