If you are a listing agent you are king of the hill. Low inventory and high demand means you do not have to spend much on advertising. Heck, you do not even have to service your listings. Just throw them on the MLS and sit back and watch the offers flow in.
Now, For the poor buyers agents:
You are challenged : Multi offers make getting an offer accepted very difficult.
The current climate makes it hard to keep buyers engaged. After losing a few offers many buyers loose heart. They may even BLAME their agent if they do not get a property.
I love this business, there is NOTHING else I would want to do, but it is not all fun and games. It is SERIOUS WORK.
Kawain Payne, Realtor
As much as Betty may be right on this one, the issue we still face is that buyers don't want to wait BECAUSE they are being told that the market is shrinking, rates are going up and prices are too. Hey, we can't all buy low in the stock market. Who will we sell to?