Should buyers be aggressive with their offer in this market?

Jackson -- my clients wrote an offer on a short sale listed at $209K, and still didn't get it. There were 14 offers, and they picked one that's better than my client's cash offer of $239K!

Brenda -- my clients want to know why they can't write an offer at the starting point of the list price, and then wait to be countered. Told them it's not going to happen. They may only have one shot at this.

Gary --- it surely is frustrating for buyers to feel like they can't time the market right. But in many respectss, it's still a good time to buy but they can't play it too safe or they'll be left out again.

Rob --- sellers must surely be rejoicing....but then I am running into sellers who want to wait until the market gets even better (some want it to go back to the peak of the market which can take some time)

Doug -- some buyers have friends and relatives who think they know better than realtors who do this day in and day out for many years.

Jeff -- we were all taken by surprise at how quickly the market turned.

Michael -- yep....surprising, isn't it?

Harry -- buyers who really want to buy must be on top of current trends. If it's happening everywhere, then they should wake up and face the reality that yes, multiple offer and bidding wars are back!

Adrian -- we can keep giving advice to our clients, but if they're not listening to us, they will be in for a big surprise when they write an offer that had absolutely no chance in hell to get accepted.

Richie -- since so many of us are reporting the same brisk activity in our respective markets, there is obviously a lot of truth in it!

Cheryl --- appreciate the positive feedback

John --- I keep telling my clients the same thing....but some of them are still in denial that the market has changed into a bidding situation again. I thought perhaps if more people say the same thing, they'd believe us~

Marie --- Wall Street Journal picked up on the story and the video....but the main stream media doesn't mention it at all.

Carla -- if we had a crystal ball, we'd know what to do....unfortunately, who's to know that it won't be a bidding situation again in the fall, and what the interest rates would be?

Kevin -- in my neck of the woods, this is what's happening. And it looks like we're not alone

Tammie -- I've even done CMAs on properties on which I write offers on...and some buyers still don't get it.

Myrl -- some buyers are over-analyzing...and we know that leads to paralysis.

Erica --- great time to be a listing agent....

Kathleen --- we keep trying to educate our buyers...but some just won't listen.

Donald -- we keep telling buyers to write their best and highest offer, and to be strategic about it.

Joan -- all we can do is do our best and hope our clients appreciate how we serve them.

Frank and Sharon --- I listed a house for $565K based on comps at that time. Because the sellers made some improvements, it looked real good. We were inundated. Buyer after buyer, when told we were having multiple offers, freely changed their offers without being countered. Sellers finally accepted the highest and CASH offer.

Kevin -- give it time. Investors will surely swoop in, soon.

Christine -- I'm afraid I have buyers who will be left out again because they can't accept that they will have to bid

Valerie -- One of my buyers told me up front that he won't participate in a bidding war. Unfortunately, everything he likes always has multiple offers

Eve -- I checked out my old houses in Orlando, but the prices are less than what we sold them for in early 2000s...so I hope your market is rebounding soon

Shirley -- some buyers will probably never be convinced to take action

Anthony --- On one of my listings, after my first open house (3 days after I activated the listing) I had 10 offers later that night. By the next day, 12. I finally had to cut it off. Sellers accepted a significantly higher than list price cash offer.

Kathy

That's great that you help educate the buying masses. So many confused buyers out there who think they know what to do until they are faced with the decision, then realize they don't know anything at all.

Bryan --

Congrats on the wins. It's getting tough out there. It's great for a listing agent, quite challenging for a buyer's agent.