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

Part of being a good realtor is to negotiate well on behalf of clients. That, after all, is supposed to be the reason we exist as a profession -- to look out for what is best for those clients when they're buying or selling real estate. But being a good negotiator is more than just the ability to be cagey or slick. It's about understanding human nature and knowing what kind of behavior or "tactics" are appropriate in a given situation. Case ... Read More

You've probably seen the "We Buy Ugly Houses" billboards around Denver. They're done by a company called Home Vestors, which buys houses for below market rates, for cash, with quick closing times. It's a set-up that appeals to people who are so desperate to get out of a house quickly that they're willing to take less than what they could get if they took the time to list and sell the house on the open market. I've never had ... Read More