One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.