Terrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.