Making offers on multiple homes is a tactic used by some buyers when the real estate market is “hot,” and they are unable to secure an acceptance for their offer proceeding one property at a time. It is possible to make offers on multiple homes, but it could expose the buyer to legal and financial risks. Moreover, some local laws prohibit buyers from making offers on multiple homes at the same time. Legal Issues Some cities and counties prohibit buyers from submitting bids on multiple … [Read more...]
Rising Home Prices Are Straining the Real Estate Market
With home prices rising exponentially, the supply of affordable homes has dropped significantly over the years. The scarcity of safe… READ MORE