Amidst a long string of historically low inventory and pent up buyer demand Santa Barbara’s real estate market is seeing a very large number of homes receiving multiple offers within a short period of time after being listed. Several factors contribute to which homes are likely to draw more than one buyer. Homes falling into the following categories are seeing the most multiple offer activity.
1) Homes in price ranges under $1 million
2) Homes priced slightly below current comparables
3) Homes having a preferred location or style that’s been in short supply
4) Investment properties that are well maintained
It can be very discouraging spending a lot of time and energy searching for a good property, only to find out that when it does appear…