Creating a sense of urgency. You better buy now!

[AK]

Thanks for the suggestions on bidding strategy. Might be a bit too ballsy for my tastes, but at least I’ll know what I’m up against.

Sometimes it feels like something straight out of 2004. I just happened to drive past two open houses the other day and stopped by to look, even though both were obviously out of my price range.

The first one was downright creepy … cookies, scented candles (warm apple pie, of course), meticulously upgraded, staged to perfection, attended by two perfectly coiffed Realtors(TM) who should probably lay off the salon tans. I kept looking around for the HGTV camera crew.

The second felt more like something out of “King of Cars” … the Realtor(TM) started the conversation with “What kind of monthly payment are you looking at?” then launched into a mathematically questionable spiel about the huge tax benefits I could expect from the mortgage interest deduction. I managed to extricate myself from the jaws of “The Chopper” about the time he used his infallible intuition and years of experience to decide I was just a looky-loo (which I’d stated up front).

I’ve long since given up on anything that “shows well.” I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂

[NotCranky]

One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.

[NotCranky]

One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.

[NotCranky]

One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.

[NotCranky]

One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.

[NotCranky]

One strategy that works sometimes with the day late and dollar short syndrome is to write multiple offers site unseen,maybe 4 at a time, at the price the buyer would take the property if they like it…or at “what the hell” lowball terms. Each offer is presented with the caveat “Multiple offers being made and buyer can not possibly perform on all. Subject to buyer approval of property”. Of course only certain buyer/realtor pairs are going to cooperate with a strategy like this, usually after some frustration but buyer motivation remains strong. Of course the slurpee at the beach sounds good too.

I would be reluctant to try, or suggest the strategy of overbidding and hoping for a low appraisal. I don’t like it for many reasons.

[Aecetia]

Better than those candles is bake bread in the oven. You can get those small loaves in the frozen food section. Nothing beats that smell when you walk into an open house. Staging 101.

[Aecetia]

Better than those candles is bake bread in the oven. You can get those small loaves in the frozen food section. Nothing beats that smell when you walk into an open house. Staging 101.

[Aecetia]

Better than those candles is bake bread in the oven. You can get those small loaves in the frozen food section. Nothing beats that smell when you walk into an open house. Staging 101.

[Aecetia]

Better than those candles is bake bread in the oven. You can get those small loaves in the frozen food section. Nothing beats that smell when you walk into an open house. Staging 101.

[Aecetia]

Better than those candles is bake bread in the oven. You can get those small loaves in the frozen food section. Nothing beats that smell when you walk into an open house. Staging 101.

[jimg111]

Moratorium by all the major banks comes off 2ND week in March and all hell will be unleashed in some serious pent up REO inventory. First they had the California laws enacted last summer, then the holiday freeze and finally the last moratorium all the banks agreed to until Obama releases his new “foreclosure prevention” plan. With the sheer number coming to market the overbidding will dry up real quick.

[jimg111]

Moratorium by all the major banks comes off 2ND week in March and all hell will be unleashed in some serious pent up REO inventory. First they had the California laws enacted last summer, then the holiday freeze and finally the last moratorium all the banks agreed to until Obama releases his new “foreclosure prevention” plan. With the sheer number coming to market the overbidding will dry up real quick.

[jimg111]

Moratorium by all the major banks comes off 2ND week in March and all hell will be unleashed in some serious pent up REO inventory. First they had the California laws enacted last summer, then the holiday freeze and finally the last moratorium all the banks agreed to until Obama releases his new “foreclosure prevention” plan. With the sheer number coming to market the overbidding will dry up real quick.

[jimg111]

Moratorium by all the major banks comes off 2ND week in March and all hell will be unleashed in some serious pent up REO inventory. First they had the California laws enacted last summer, then the holiday freeze and finally the last moratorium all the banks agreed to until Obama releases his new “foreclosure prevention” plan. With the sheer number coming to market the overbidding will dry up real quick.

[Author]

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