(Lies) - Give us your Highest & Best Offer ASAP or lose the deal!

By
Real Estate Agent with Realty ONE Group 65491

This is a statement that so many agents and brokers are using across the United States ...

Lies - Give us your Highest & Best Offer ASAP or lose lose the deal!

Working with so many offers in the year of 2012 with multiple offers that when I hear these words of "Lies" it just creates pain in my ears. And then when I discuss with my client's about the offer and the Bidding War that the listing agent or Bank want to play, all I do is ask my client "How bad do you want this Home"? And are you willing to pay 10-15 percent over list price?

Before you get caught up in the Bidding Wars of Real Estate please read this post ...

Bidding Wars on Homes should be Against the Law or Bids (Disclosed)

Posted by

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

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Tags:
bidding wars
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Rainmaker
422,371
Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist

If I am told by the listing agent that there are multiple offers, I ask what company and who is the agent.  If they answer me right away, I know they are telling the truth.

Jun 19, 2012 01:45 AM #1
Rainmaker
579,727
Chris Smith
Re/Max Chay Realty Inc., Brokerage - New Tecumseth, ON
South Simcoe, Caledon, King, Orangeville Real Esta

Bob, I try and counsel my client buyers to avoid bidding wars, emotions can lead to decisions they might regret.

Jun 19, 2012 01:47 AM #2
Ambassador
2,316,503
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Catherine ... that is a good idea!

And Chris ... your are so right, "Emotions" can really be effected by Bidding Wars and paying too much for a property!

VB ;o)

Jun 20, 2012 04:57 AM #3
Rainer
407,272
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Good morning Bob. Last "highest and best" deal I was in on the agent told me we were good to go at 6pm and at 8am he told me we lost out. We were beat by a late bidder (11pm that night). I was extremely angry to find out the last minute bid was his Broker mother. Yikes!!!!

Jun 20, 2012 10:55 PM #4
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2,316,503
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Randy ... that sucks and do you really believe him? "I wouldn't" ... sounds a funny too me!

VB ;o)

Jun 20, 2012 11:07 PM #5
Rainmaker
415,037
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

One thing is for sure.  After a bidding war, almost everyone goes away unhappy.  I wrote a blog about it called "when winning feels like losing."  Or something like that.  So, much buyer's remorse comes from bidding wars.

Great topic.  I see someone got under your skin!

Jun 23, 2012 05:27 AM #6
Rainmaker
526,778
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

I hate these bidding wars too.  It's terrible when the buyer doesn't really know whether there are other offers on the table or not.

Jun 23, 2012 08:40 AM #7
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Robert Vegas Bob Swetz

Las Vegas Henderson Homes for Sale
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