I think people get frustrated when they hear that every property has 5-10 offers. Those of us who haven’t purchased yet get nervous when we hear this.
We must understand that the majority of buyers today are putting multiple offers on several properties at a time. We are in a short sale market and the two buyers I have spoken to recently made 5-7 offers before they landed their home. One ended up with their first offer 6 months prior.
I think the statistic of how many offers each short sale contains can be very mis-leading.
I would be interested to hear from a realtor if they can confirm that their clients make multiple offers while waiting for a short sale to close.
Are there really THAT many buyers or is it all just the same people making offers over and over again?
