When Brian and Morgan Zaro were looking to buy their first home in Spokane, they took a patient approach.
The couple began their home search on the South Hill six months ago. They closed on a home in the Comstock Neighborhood last week, but not before making previous offers on two properties, both of which had a fair amount of competition from other buyers.
One home received five offers within 24 hours – in addition to the Zaros’ offer – and all were above asking price.
“We offered what was competitive and what we thought we could afford – which was fine – but at the same time, there was some discouragement,” Brian Zaro said. “We were saying, ‘Is this what we are going to have to go through every time we find a home?’ ”
High demand, low inventory and multiple offers on homes are common in Spokane, which has become one of the hottest real estate markets in the nation.
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