Yes I do know what the last word was meant to be but I just wanted to reflect on a recent deal that I closed; it belonged to an Indian family.
I have marketed this unit for some time now but it was not until recently that there were more buyers in the market willing to pay the cash over valuation expected. We had 3 interested parties bidding for the unit. To my customer, it was a happy problem. To me, it was a difficult situation as we never intended it to be a price war. When the negotiation ended, my customer walked away with over 30K cash over valuation.
The current market is an interesting one. No one seems to remember the economic uncertainty we had (should it be past tense at all?), good news are a plenty, lots of pent up demand from buyers and coupled that with sellers holding back and therefore a lack of supply in the market; all just acting to push prices up.
No comments:
Post a Comment