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getting into bidding wars with full cash offers,” Bunch
said.
Both Southerland and Bunch advised prospective
buyers – especially first-time homebuyers – to use
seasoned brokers and agents and have a pre-qualification
from a strong lender.
“I’m seeing every butcher, baker and candlestick
maker getting into real estate or mortgages right now,
but you really don’t need some novice person helping
you with your financing or contracts. That’s disaster
soup,” Southerland said.
“You have to have someone who can write the
right contracts and have a good plan and strategy for
your contracts,” Bunch added. “I’ve had a lot of buyers
call us because they felt their agents weren’t aggressive
enough, but you have to expect to lose out on offers
right now. You might see a dozen houses before you
get an offer accepted. We’ve written contracts and
didn’t get them – everyone has – so just be patient.
You’ll find the right house. But you need someone
who knows what they’re doing to get you there
because it’s like the Wild Wild West out here.”
And, unlike the Great Recession, both Bunch and
Southerland said this market boom is not going to
lead to a horrible crash. At the end of April, local
42 COBB LIFE | JUNE 2021
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