In a market like this one, you can buy on the cheap if you are patient. I don’t think trying to engineer a reverse bidding war will work too well because of the points made by the realotrs (I agree with both SD Realtor and sdrealtor on that point). However, the sellers are (or will be) under extreme pressure to not let a buyer slip through their hands. This is similar to the pressure that buyers had in recent years when they felt pressured to put in no-contingency offers within 3 minutes of a house going on the market. Put in the bid with a short-fuse response time (e.g. 24-48 hours) and move on if they don’t take it. If they don’t know they are effectively in a reverse bidding war, they will after they lose both potential buyers that submit offers in a 3-month period.
