A strong part of me doesn’t want to play that game – offering well over list. I would just wonder if I wasn’t being a conned fool and I would constantly question the existence of all those other offers. I wish more buyers would use their heads and not just feed the frenzy.
We’ve seen houses go for 40-60-70 above list, homes listed at 300 or lower. But I guess that is just what the market will bear. I wish agents would just the house at the price they think it should fetch.
We’ve received “highest and best offer” requests twice. Both times, I wanted to tell the listing agent to suck it. In the first case, I wanted to say, “I ain’t paying a penny more for that freeway-hugging, dirt-yard-sporting “Tudor.” We withdrew. It finally went pending for good a 10-12 days later.
In the second case, I told our agent that I wanted to see these alleged “above list” offers first before making out next move. How do I know the listing agent isn’t simply “padding” the numbers?[/quote]
I hear ya and AGREE! I hate it too. It sucks. You think you over bid when/if you win. My appraisal came in at my bid so my research and gamble paid off. I got a house that i LOVE and at a great price compared to what I see out there. And finally out of house-hunting-hell.
