I have a lovely listing in LaVergne, TN. It's a 3 bedroom, 2 bath home, 1211 square feet, one-car garage, and it back to Corps of Engineers property (no homes will be built behind it). It's listed (I hope you're sitting if you're from expensive markets) for $115,000. Even for this area right outside of Nashville, it's a great price.
So yesterday I heard I'd be getting offers from at least three buyers (from their agents). I notified each agent that there would be multiple offers, with one already on the table (and I called that agent too). Then... NOTHING. No faxes. No phone calls. No returned calls. Nothing.
I've worked with buyers who've previously fallen in love with homes, but when push comes to shove, they don't want to compete for a home. I know there's a real concern that they don't want to jack the price up higher than they think it's worth, but the home APPRAISED AT $127,000. That's already $12,000 in equity built right in!
The bottom line is that the original offer on the table will be the one to get the home. And it wouldn't have taken much for another buyer to get it... just a willingness to follow through and act on their dreams. I'm really at a loss, but I guess that's because when anything whiffs of competition, then I'm always determined to win. I don't know if that's a sign of strength or a flaw in my character! Heh.
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