Tulsa real estate market white hot
TULSA, Okla. (KTUL) — "And the brick is the same brick on our old house," said Mike Kneafsey who just built his dream home and gave us a tour. He sold his last home near the end of last year.
"We had our first offer within two days," he said.
A speed that would portend the current real estate frenzy of the summer of '21.
"It is the craziest market I’ve ever seen, 28 years in the business," said Paul Wheeler of Accent Realtors.
And just how crazy is that? Prepare for your jaw to drop as Wheeler throws some numbers at you.
"The highest number of offers that I’ve been involved in is 31 offers on one home. 96 showings in three days on one property. Isn’t that amazing? So we’ve never seen anything like that before," he said.
"Sometimes offers are made before I even get a chance to go see the house," said Sutton Murray. She's a buyer, at least, she wants to be. She's looked at dozens of homes and is about to make an offer which includes a $5,000 escalation clause.
"The escalation clause means that I’m agreeing to pay $5,000 more than whatever the other top offer is," she said.
Back at Mike's new place, he's got a bird's eye view of just how hot demand is.
"We’ve had several houses on the street go on the market and sitting here on the porch you can just watch the feeding frenzy, that the cars just show up, it's like right, one after another all day long," he said.
We close this story, almost as quickly as homes are, with some advice for both sides.
For sellers: "The mistake I see a lot of sellers make is they go, ‘I’ll take that first offer,'" said Wheeler.
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At least give yourself three to four days to field offers. On the flip side, if you're a buyer...
"Being available so you can go see it as soon as it's on the market," Murray said.
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