How did home sellers handle multiple offers?
Average number of offers received from buyers:
In 2013, 98% of sellers received multiple offers.
3.1 offers in 2012
5.9 offers in 2013
How did sellers respond?
77% took the highest offer
47% took the best mortgage-qualified buyer
39% took the offer without contingencies
23% took the all-cash offer
14% took the offer because of the buyer’s ability to close fastest