I hear there are multiple offers. Is the market changing?

I hear there are multiple offers. Is the market changing?

Investor Asked on March 26, 2023 in Real Estate.
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Multiple offers on best priced properties under $1 million price range I heard about too. But reality is, that mortgage brokers tell me: “…it is much harder to get the application” over the line ”or funds were withdrawn at the last minute”, or client file is waiting 7 weeks for approval. Realtors tell me, I have 8 deals, but only 2 will close for sure (financing other subjects uncertain). Buyers spook easily. Very, very few multiple offers.

Guru Answered on March 26, 2023.
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