You, too, could find yourself in multiple offers.

Alan, when you combine "low end of reasonable" with decent property condition, it can get even hotter! 

Alan, nice to hear that multiple offers are still out there and you are right, the key is PRICE!  ~ Susan

Many complain about the buyers being on the fence, but the educated and accommodating seller is the one who is able to draw the buyers off the fence. All of the buyers recognize a good thing when they see it.

It is really amazing isn't it, when all these buyers appear out of seemingly nowhere, but like you say, right price, lots of buyers.

I've been fortunate.  Sold three properties last week.  Won one for my buyer in a multiple offer scenario this week.  Good advice! 

Alan - I can't count how many of my buyer clients have been in a multiple offer situation over the past 18 months.

Alan great post and something all realtor's should be aware of.  If you go to the NAR site and do a search, there's an excellent guide to dealing with multiple offers.

I talked with a local broker several days ago and she reaffirmed what agents had been telling me... hardly anything is selling here.

When I asked why, she said it was the combination of no jobs and unrealistic sellers who can't seem to forget the prices they saw before the bubble burst.

Our area used to depend upon people coming here from California and the Washington coast. Now that they aren't getting the big dollars, they aren't coming to spend them here. Home sellers are left with people who live here already... and too many of them are either out of work or earn too little to afford the still inflated prices.

We're always a few years behind the rest of the country.

It used to be the mantra in real estate was location, location, location.  Now it has to be well-priced, well-priced, well-priced.

MB

We have seen lots of multiple offers on many properties over the past few years.  Well priced homes are still very desirable.

Alan - Ok, seriously now.  Almost all of my clients find themselves in multiple offer situations these days.  I could literally count the ones who haven't on one hand with room to spare.  The scam game practice around here is to intentionally list properties below market value for the sole purpose of inciting vicious bidding wars that always drive sales prices way over list.

So many desperate anxious motivated buyers, especially first timers, will often get so caught up in the frenzy competition and the need to finally win something, anything, that they will often make offers that don't have a chance in the world of ever appraising for because there are absolutely no comps to support it.

Its a mad, mad, mad world out here on the left coast my friend and there is no end in sight to the insanity.