[quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.

[quote=CA renter]
So, now we have to subtract the 6% “credit” and the $8,000 taxpayers’ gift to sellers to get the real sales price.

…and nobody in power has a problem with this?[/quote]
How do you know those in power are not the mastermind behind this whole thing?