Good morning Margaret Rome Baltimore 410-530-2400 I remember when rates dropped to 15% and so many people bought homes that VA appraisers were backlogged 90 days.

Yes, it is ugly out there. Agents are chomping at the bit too, and showing up in driveways far earlier than their scheduled appointment time. We always back up the auto-scheduler with calls to the agents - explaining the windows for showings.  

The wisest thing a buyer's agent can do is reach out and ask about the seller's wishes aside from amount.  That does allow for a more attractive offer

Margaret good advice, but it does feel like a feeding frenzy out their right now when a property shows well, and is priced right.

Thank you for this post Margaret Rome Baltimore 410-530-2400 There is a great demand for housing and it is competitive. 

Good afternoon Margaret Rome Baltimore 410-530-2400 ,

Great post on why it is important to keep the atmosphere calm surrounding a new listing coming on the market. The white glove treatment for everyone will produce better results. Our market is derailing because there are so few listings coming on..its now climbing to offer over 10% list price to be in the ball game.

Hi Margaret- I love your post!  When we bought our home in Leesburg VA in 2004 it was a seller's market. Our agent called and told us to go to an Open House one Sunday. People were lining up an hour before it began and the line was all the way down the front walk. It was crazy. 

Margaret Rome Baltimore 410-530-2400 - my fear is that overinflated property values based on over spending just to win the bid, will come back to bite a few down the road and then we better be ready. 

The market moves in waves. We all need to remain calm. 

With buyers I connect up with the LA first to get a feel for what the sellers time line is etc. I find that LA's are much more willing to work with me once the dialog has begun, rather than just sending an offer. Last we we were one of who knows how many offers (I honestly didn't care as all have multiples these days) my goal is to win it for the buyer and that means commuicating with the LA as often as needed to tweak the offer. It works well for us.

Good for you for treating your sellers, buyers and buyer agents with professionalism and kindness. Not surprising of course!

Well done, treating your clients so special.  I second what Kat Palmiotti said, "Not surprising, of course."

Good morning Margaret Rome Baltimore 410-530-2400 -  reading your post and Scott's post today it really requires that all agents be calm and be problem solvers.

The frenzy comes with a certain sense of entitlement to see a home if an agent has a buyer.  Unfortunately, not everyone gets a chance to see it.  And that pool is further limited with sellers who know they will get offers if they only have the home on the market three days.  The seller has the right to limit showing times.  And I can't believe, in the age of a pandemic and working from home, that agents would not understand this.

Hi Margaret:

Such wise words for all in your post, given the wild and crazy market. It's a tough time for buyers AND for sellers and we need to respect each other as we try to manage our clients needsas farily as possible. So many sellers work at home these days and it does complicate scheduling given the strong demand from buyers to get in to see homes as quickly as possible.

Jeff

I love this, Margaret - it's so you! Funny but, we are in an insane market here too - we HAVE to respond very quickly (when representing buyers). 

As both a buyers agent AND a listing agent, whichever side I'm on, I'm talking to the other agent - you'd better BELIEVE it! As the LA, I want to get a better feel of the buyer and their agent and the only way to do that is to actually SPEAK with them! Nowadays, it's even more important. When I have a hot listing hitting the market on Friday, I am on my phone, literally, all day long! It pays off for the sellers - they have the inside scoop by doing it that way. What is written in an email or text and in an Offer don't come anywhere NEAR getting a good, solid picture of that buyer & their agent!

GREAT post and of course we are like-minded!

The market is so strong with demand outstripping supply in Boise, Idaho that the feeding frenzy is about like an amimal stepping into a piranha infested river.

Margaret well said, I always want to know what the seller's prefer in a fast market and when there are six to fifteen offers that could be the difference....Endre

Spot on!  It's so nutty here right now!  And sometimes there's no rhyme or reason to what offer is accepted or how high they will go!

More and more I see sellers leaving for the weekend or have already moved out before they put their house on the market.  Those first couple of days are usually back to back showings.  I always appreciate the agents who respect and follow the showing instructions and give constructive feedback.

Thank you for the kind words. I just pulled it into Notes and will post it tomorrow! Thanks for the push, Margaret!

Here in Santa Cruz County CA we have to follow the CA Assoc rules for showings which is no more than one agent and two buyers from the same household at a time.    Demand is so high that agents are using online appointment setters for vacant homes in 1/2 hour intervals, running well past dark.

Last week I wrote an offer for buyers, who offered as high over asking price as they could.    House got 24 offers.   That despite pest damage and standing water under the house.   Cash, no contingencies, quick close, normal buyers hardly have a chance here.