{"id":318,"date":"2013-05-31T03:51:12","date_gmt":"2013-05-30T22:51:12","guid":{"rendered":"http:\/\/www.allphoenixareahomes.com\/?p=318"},"modified":"2013-10-26T03:57:02","modified_gmt":"2013-10-25T22:57:02","slug":"how-to-avoid-a-bidding-war","status":"publish","type":"post","link":"https:\/\/nohasslelistingblog.com\/?p=318","title":{"rendered":"How to Avoid a Bidding War"},"content":{"rendered":"<p>Right now in most areas of the country inventory is low and buyers are fiercely competing for houses.\u00c2\u00a0 In the Greater Phoenix area this is happening like never before!<a href=\"https:\/\/nohasslelistingblog.com\/wp-content\/uploads\/2013\/05\/no-hassle-yardstick.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-319\" title=\"no hassle yardstick\" src=\"https:\/\/nohasslelistingblog.com\/wp-content\/uploads\/2013\/05\/no-hassle-yardstick.jpg\" alt=\"\" width=\"284\" height=\"125\" \/><\/a><\/p>\n<p>Why is housing inventory so low?\u00c2\u00a0 In late 2006 we had over 400 active home builders here in the valley.\u00c2\u00a0 By late 2008 that number was under 20.\u00c2\u00a0 Builders not only didn\u00e2\u20ac\u2122t build much for about 5 years \u00e2\u20ac\u201c they still aren\u00e2\u20ac\u2122t.\u00c2\u00a0 Yes, building permits are \u00e2\u20ac\u0153way up\u00e2\u20ac\u009d but not up enough to actually take care of the increasing population of Maricopa County.\u00c2\u00a0 Not even close.<\/p>\n<p>We have fewer houses for sale and prices are rising.\u00c2\u00a0 It is common to have multiple offers on any desirable home.\u00c2\u00a0 For those buyers saying \u00e2\u20ac\u0153I won\u00e2\u20ac\u2122t get involved in a bidding war\u00e2\u20ac\u009d we need to point out that they may need to re-think their strategy.\u00c2\u00a0 To avoid a bidding war a few things need to happen &#8211; builders need to be fully building (creating more supply, which will take years) and prices need to go up enough to dampen demand.\u00c2\u00a0 Or you can prepare for the fight and buy at prices that still are a bargain by most any yardstick.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Right now in most areas of the country inventory is low and buyers are fiercely competing for houses.\u00c2\u00a0 In the Greater Phoenix area this is happening like never before! Why is housing inventory so low?\u00c2\u00a0 In late 2006 we had over 400 active home builders here in the valley.\u00c2\u00a0 By late 2008 that number was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-home-values","category-market-stats"],"_links":{"self":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=318"}],"version-history":[{"count":2,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/318\/revisions"}],"predecessor-version":[{"id":371,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/318\/revisions\/371"}],"wp:attachment":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}