Why You Shouldn't Wait To Submit An Offer

I see it too often...I'm out showing clients homes and they see one they like. Then, they tell me to keep an eye on the home and keep in touch with the other agent to see if any other offers come in. Don't do it folks! You will not be doing yourself any favors in this market. When the market is super hot, sometimes an agent will use the first offer that comes in as a bar to which they will ask the other agents submitting offers to exceed. But the market has leveled out somewhat and we aren't fighting a lot of other buyers for all the homes out there. But...that's not to say that there won't be other buyers interested in the same home you are. So if you see a home you like, put in an offer right away.  I know that instinctively we may feel better about our home choice if someone else wants it too, right?  Or maybe we think that if no one else is putting an offer on it, that maybe they see something wrong that you don't see. I know you are thinking these things. But fact is, you want to avoid being in a multiply offer situation. And that is really the key because as soon as more than one offer comes in, then your room for negotiation gets less and the price may go up. So, if you see a house you like, go for it...and don't wait to be in a bidding war.