I have had more than one buyer fence sitting. Why? I have asked myself that a lot. I think it is fear. Fear of paying too much. Fear of prices dropping more. The problem is nothing happens. They are not motivated to get off the fence. It is like bungee jumping. Looking over the edge fear keeps people from jumping.
Next time your out why not try writing offers on three properties your buyers like. An agent in our office is doing this with great success and gave me the idea. Be careful and put a contingency stating your actions. Tell the sellers that your buyer chooses which offer to accept. (Check with your principal broker for language to use)
This does three things. It tells sellers that they are not the only game in town. It gives the buyer freedom from fear because they get to see who is willing to sell. Third, it gives the listing agents that don't win cloat beacuse at least they have an offer and sometimes they can negotiate that price reduction then.
Once we jump it feels good and the elation sets in.
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