We got an offer $12k OVER asking price, it's a sellers market

Let's go over this contract we received on a house that was $12,000 OVER the asking price. If you're thinking about getting into the real estate business, you must know the condition of the market before you get in. Depending on market conditions, you could be in a buyer's market or a seller's market or anywhere in between. It just so happens that at this time, in 2021 the entire country seems to be in a huge SELLER'S market. I haven't seen this since 2005, back when I was first getting started.

Today I'd like to go over some of the key indicators you need to look out for to recognize which type of market you're in. Let's go over an offer we received that's over our asking price. Some of the points we cover in this contract are Closing costs, Earnest money deposits, and home inspection contingencies will let you know the mentality and spirit of today's buyers. You're not going to believe some the items in the offer. Remember, in a Seller's market, the Sellers get to dictate the direction of the market.