Now the story goes that penguins will push one unlucky buddy into the water and if he doesn’t get eaten, they all jump in. This is one possible analogy that could explain why buyers wait to make an offer until there are other offers on the table.
The ” if it is good enough for someone else, it is good enough for me” theory can only take you so far in explaining how a property can sit for months and then have multiple offers. Just as likely, there has either been a price reduction or other more attractive properties in the same price range have gone under contract leaving the property in question at the top of the list in several buyers minds. Seasonality may play a role.
Could be the buyer really just needs a kick in the butt to get going.
Prime Real Estate Group
201-232-4568 cell Email Brian
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Brian Murray is a broker salesperson at Prime Real Estate Group in Hoboken. As a broker, I have advanced training and a deeper understanding of the real estate market than a sales associate. I am Hoboken resident who has lived in Hudson County for the past fifteen years. I have been a full time realtor in Hoboken for the past thirteen years.
Brian really helped me with his knowledge in this crazy market. Could not have done it without him.