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Multiple offers coming back in St Petersburg Florida

Here in St Petersburg we’ve personally seen multiple offers lately, primarily on short sales or foreclosures. Julie Holt, owner of Anclote Title Services, was at our office this afternoon for a closing, and stated that in the last month she’s seen 6 closings that had multiple offers and sold over list price. It’s been a few years since this was common but there’s a difference – last time it was in a seller’s market and now it’s in a buyer’s market. The properties getting multiple offers are those that are perceived as Great Bargains! Not just bargains, or good bargains, but great ones. It’s all about PRICE.

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