Yep. In Hayward, Ca. Home was listed for around $250000. 26 offers and $100000 over asking.

What does this mean? It means the public is still gullible and there is a segment of society with gambling issues in the form of "must have it housing" and the housing market is alive and well.

Yes, the listing agent had to list it far below the last appraisal. Big gamble in this market. But it appeared to work. Now will it appraise? Depends on what the prices of other homes recently sold in the area.

As a buyer should I get caught up in this? Why? With the thousands of other homes and with the evidence of what has happened in the past would you get caught up in this?

To the average Realtor , yes it means more money in their pocket.....if their buyer insists on doing this....

Frankly, I need to sleep at night. If after explaining the pitfalls of doing such and a buyer of mine wants to proceed then so be it. That would be their choice.  Would I encourage such. NO.

Elementary facts of home ownership: Tax break, roof over your head, place to raise family, a refuge pride of ownership.  Did I mention that with home ownership it would be nice to be able to afford furniture and more than just peanut butter and jelly sandwiches?

Consumer choice. Don't blame the realtors for your decisions. Do your research, check with your CPA and see what makes sense for you in investing in real estate.

Now, if you are looking for an expert negotiator, one that will walk you through the steps of home ownership and for a realtor who is looking for referrals due to their exquisite service please give me a call.

I work the Contra Costa 680 Corridor from Orinda to Pleasanton and from Walnut Creek to Benicia and Vallejo in Solano County.  Hwy 4 from Martinez to Oakley and Brentwood.

I also assist buyers in Oakland, Berkeley, Albany in Alameda county. Can I assist you elsewhere , yep, just let me know.

PS I NEVER tell a buyer what to offer for a home. I WILL give you recent comparsion sales for you to make an informed decision. I will walk you thru various exercises to test your comfort level with various prices and options.