{"id":4816,"date":"2013-05-09T12:50:04","date_gmt":"2013-05-09T12:50:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=4816"},"modified":"2013-05-09T12:50:04","modified_gmt":"2013-05-09T12:50:04","slug":"are-underpriced-homes-fueling-bidding-wars","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/are-underpriced-homes-fueling-bidding-wars\/","title":{"rendered":"Are Underpriced Homes Fueling Bidding Wars?"},"content":{"rendered":"

Are Underpriced Homes Fueling Bidding Wars?<\/h2>\n
\"Are<\/a>

Are Underpriced Homes Fueling Bidding Wars? Image courtesy of satit_srihin \/ FreeDigitalPhotos.net<\/p><\/div>\n

 <\/p>\n

The number of homes for sale is at the lowest point in more than 10 years, but with buyer demand still high, many markets are seeing bidding wars. A TIME magazine article recently asked: \u201cAre buyers being manipulated into overbidding for the relatively few attractive homes on the market?\u201d<\/p>\n

Some real estate professionals say that homes are being underpriced in order to ignite a bidding war.<\/p>\n

\u201cMost people are not pricing at market value,\u201d a real estate professional told the San Francisco Chronicle<\/a>. \u201cEven in this market, you don\u2019t want to overprice.\u201d<\/p>\n

For example, the San Francisco-based agent said a two-bedroom townhouse in the area was priced at $659,000\u00a0 recently, even after a similar townhome had sold a year ago for $675,000.<\/p>\n

\u201cWe priced it intentionally to get multiple offers and sell quickly,\u201d the agent says. The townhouse attracted nine offers and sold for 15 percent above the asking price \u2014 $755,000.<\/p>\n

Bidding wars have become commonplace in markets like Denver, where half of the new homes on the market are selling in less than 30 days. In Northern and Southern California nine in 10 homes are attracting bidding wars, as well as two-thirds of the homes for sale in Boston, New York City, Seattle, and Washington, D.C., the TIME magazine article notes.<\/p>\n

\u201cThe only question is not whether a new listing will get multiple bids but how many it will get,\u201d says a Sacramento, Calif.-based real estate professional.<\/p>\n

Source: \u201cForget Lowballing: Bidding Wars Return in Hot Housing Markets<\/a>,\u201d TIME (April 30, 2013)<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Are Underpriced Homes Fueling Bidding Wars?   The number of homes for sale is at the lowest point in more than 10 years, but with buyer demand still high, many markets are seeing bidding wars. A TIME magazine article recently asked: \u201cAre buyers being manipulated into overbidding for the relatively few attractive homes on the … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-4816","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nAre Underpriced Homes Fueling Bidding Wars? - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/are-underpriced-homes-fueling-bidding-wars\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Are Underpriced Homes Fueling Bidding Wars?\",\"datePublished\":\"2013-05-09T12:50:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/\"},\"wordCount\":280,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/ID-100127453.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/\",\"name\":\"Are Underpriced Homes Fueling Bidding Wars? - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/ID-100127453.jpg\",\"datePublished\":\"2013-05-09T12:50:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-underpriced-homes-fueling-bidding-wars\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/ID-100127453.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/ID-100127453.jpg\",\"width\":400,\"height\":266,\"caption\":\"Are Underpriced Homes Fueling Bidding Wars? 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