Comments on: Greedy Buyer Loses in Multiple Offers http://www.twincitiesrealestateblog.com/2008/greedy-buyer-loses-in-multiple-offers/ Housing News, Opinion, Statistics and Homes for Sale Tue, 07 Feb 2012 17:03:27 +0000 hourly 1 http://wordpress.org/?v= By: Jeremiah http://www.twincitiesrealestateblog.com/2008/greedy-buyer-loses-in-multiple-offers/#comment-182 Jeremiah Tue, 15 Apr 2008 13:26:10 +0000 http://www.twincitiesrealestateblog.com/?p=206#comment-182 Brad is right on, Aaron. Don't feel bad about losing a bidding war in this market. I understand the house was perfect but my money is on the market still declining. Great post - great story! Brad is right on, Aaron. Don’t feel bad about losing a bidding war in this market. I understand the house was perfect but my money is on the market still declining.
Great post – great story!

]]> By: ranty http://www.twincitiesrealestateblog.com/2008/greedy-buyer-loses-in-multiple-offers/#comment-181 ranty Fri, 11 Apr 2008 01:44:46 +0000 http://www.twincitiesrealestateblog.com/?p=206#comment-181 Oh man... I sympathize, and have done the same thing myself! Oh man… I sympathize, and have done the same thing myself!

]]> By: Brad http://www.twincitiesrealestateblog.com/2008/greedy-buyer-loses-in-multiple-offers/#comment-180 Brad Thu, 10 Apr 2008 12:19:50 +0000 http://www.twincitiesrealestateblog.com/?p=206#comment-180 This is why houses should not be such an emotional purchase. You already stated that this price was near the top of your range. That is a recipe for anguish right there. Personally, almost every financial expert (except RE agents, of course), think that prices will continue to decline through next year. Better deals are ahead - you were strategic in your offer. Don't get into a bidding war in the best buyer's market in recent years. And it's usually best to go with your first reaction. You offered a fair price and someone else overpaid. This is why houses should not be such an emotional purchase. You already stated that this price was near the top of your range. That is a recipe for anguish right there.

Personally, almost every financial expert (except RE agents, of course), think that prices will continue to decline through next year. Better deals are ahead – you were strategic in your offer. Don’t get into a bidding war in the best buyer’s market in recent years. And it’s usually best to go with your first reaction. You offered a fair price and someone else overpaid.

]]> By: Scott Jenkins http://www.twincitiesrealestateblog.com/2008/greedy-buyer-loses-in-multiple-offers/#comment-179 Scott Jenkins Wed, 09 Apr 2008 16:04:39 +0000 http://www.twincitiesrealestateblog.com/?p=206#comment-179 It's a very similar situation here on the east coast. A client of mine had an offer accepted recently for $10,000 over asking price on a short sale that was priced for a quick sale. They didn't have the highest offer but their other terms were better. Short sales can very very aggressive. It’s a very similar situation here on the east coast. A client of mine had an offer accepted recently for $10,000 over asking price on a short sale that was priced for a quick sale. They didn’t have the highest offer but their other terms were better. Short sales can very very aggressive.

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