Okay, so now I'm up to four multiple bid situations in two weeks. Still don't know whether my buyer got the property. I was contemplating this situation, and have concluded that it indicates that buyers are indeed out there. They've just been waiting for prices to adjust -- which in some segments they have. Two of my multiple bids have been foreclosures. Another was home on a large lot in a popular "scraping" neighborhood. And the ... Read More

I've been involved in three multiple bid situations in the past week and a half. Three. A multiple bid situation is where more than one buyer is competing to purchase a property. It used to happen a lot back in the "hot" market of the 1990's, where multiple offers would frequently come in immediately after a home was listed. And in this "slow" market, I've had it happen three times in the past week and a half. Twice I was representing the ... Read More