the thoughts expressed by the OP are mine exactly. That said, we just saw a house the wife loves aabout 4 days ago, i quickly got my paperwork in order, made an offer about 8% under the list price which i (and my agent) thought was a little high, and was promptly told an offer had already been accepted and we could be backup. that was fast and furious. I have cose to zero faith in my ability to gauge what a place will go for. However, i also have little confidence that I won’t be underwater in a decade or so, at least on the mid-upper end we’re looking at. i’m a little sad we didn’t get that place as it actually was just what she was looking for, and I probably should’ve come in with my highest and best offer. Actually, what i offered was what i thought was my highest and best offer, but after being berated by spouse afterwards, maybe it wasn’t.
