All Forum Posts by: Laird Wynn

With sustainable appreciation and unbeatable cash flow, Greater Cleveland real estate is a fantastic investment! 
http://www.cleveland.com/…/home_prices_up_in_most_cuyahog.h…

Where are you looking to place your real estate investment funds in the next 6 months?

Peggy,

This is a constant source of frustration for investors and their agents! Everyone wants a level playing field and the idea that there is funny business going on behind the scene can drive you nuts. This is an issue with all real estate listings not just REO and HUD homes. As supply of good investment property continue to be tight, your experience is likely to become more common.

The listing agent can see your bid on Homepath.  As a result, many listing agents are accused of coaching their clients on what to bid.  In my experience however they usually don't.  The most likely scenario is that your bid was entered by your agent and someone else was willing to pay more.   

All we can control is what we do.  In a sellers market, which almost every area of the country is in right now,  I advise my clients to pay a price that is enough that they will be comfortable if they lose the house to a buyer who is willing to pay more.   In that case you can just move on to the next one.  My advice:  

1.Have very clear criteria on what and where you buy.

2.Be the leading expert on value for that type of property.

3. Make offers quickly that are likely to be accepted for properties that fit your criteria.

4. Don't feel bad if someone who knows less than you overpays. 

Good luck on your next buy!