Buyer Making Multiple Offers On Full Price Listings
We are in a white hot market here so I was not surprised to get a full price offer in 5 days...however the buyer backed out and then I found out that he had 3 other offers in on other properties...I do not understand this...we are NOT talking about REO and flinging out offers hoping one will stick but full price SFR on the MLS...found out later the buyers agent was aware and it must be frustrating to her as well...maybe the buyer thinks he can play sellers off each other and get someone to come off their price but not in this market...as I said it's a hot market...just irks me the property was tied up for 10 days...another seller told me the same thing had happened to him ...next time I will ask the buyers agent if the buyer has made any other offers on other properties...if it's a seminar trick I don't get it !
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In a super hot market, I'd be asking for short option period, with a relatively high option fee.