I would make an offer with your Realtor for a house that you feel is overpriced and support your claim with comparable properties. I strongly advise not writing multiple offers on several homesand presenting them to sellers. This is a complete waste of the Sellers Time, Your time and your Realtors time. You can do the same thing by simply walking away from the first deal and then go to opiton 2 or 3 if necessary. If I were the selling agent and you told me you had three offers outstanding, I would simply advise my clients to say thanks but no thanks. This is not a serious buyer nor is it your buyer. If you are looking for a deal, tell your agent to pull all properties that have been on over a year and / or any vacant properties. You'll have plenty of leverage in that scenario.

Buy a home because its where you want to live and want to raise a family and you will never go wrong even if you overpay slightly. Do not confuse Value with Bargain. Prices remain relatively steady in this area for a reason.

Good luck, it's a great area to raise a family

I am not sure that renting will make sense in the long run. First off you have to consider the tax implications of renting in the interim, and of course, the hassle of moving twice in such a short period of time. My thoughts to you would be to think about your KOP sale. Did you get full price? Did you have to come down any? Many sellers don't want to budge on price, sell their home, then turn around to buy and can't understand why sellers are so standoffish.

So, my thoughts would be to find 2-3 properties that work, and write multiple offers. Let all the sellers' agents know that you are writing multiple offers, and upon the first acceptable agreement the others will be rescinded. It will get the sellers attention, I promise!

Buyers shopping on the Main Line are often struck by sticker shock when comparing them to other communities located around it. However, the properties do move and for many reasons: location, cultural and shopping amenities, schools (both private and public), accessibility to major routes, rail, airport, and the list goes on and on. With that being said, by employing the services of a buyer's agent, you should be able to negotiate a "good deal" relative to comparable homes that are for sale and have sold, even on the Main Line. Finally, prices have stabilized here and do not appear to be trending downward. If anything, there have been many multiple bid situations, especially for those properties that are considered "move-in" condition.

The environment, based on our Main Line office buyer activity, will lend itself to a healthy spring market. Rates are low. Pent-up buyer demand is higher. Sellers want to deal within reason (don't forget, they need to move also). The best properties are selling in less than 30 days. Even 1 acre lots are selling for $400-500k.

It is often difficult to summarize this topic in a post, so feel free to contact me at 215-820-0329 to discuss.

You could wait and then the prices will be higher than they are now.With the Spring market rolling around it's only going to drive the prices up.Not down.I have had good success lowballing the heck outta people,in the last 8 months, they are expecting it.It's been working.Some Realtors won't even put in an offer that is so low.(I so disagree with that mentality) Not me.You name the price, I'll present it and go from there.They don't all fly.But most of the time, you end up with a more reasonable number.
You know TE is a sought after School District.That won't change if you wait.Doesn't make sense to me.
I'm in Unionville School District, another top School in the area.These prices will only go up.Same goes for Great Valley.And the rates are lokking good right now.Next week....Next year....who knows...

If you just sold your home, then work with your Realtor and make an offer. While it's true that this area isn't seeing the drastic price reductions that the media portrays (see this month's Philadelphia mag), a house that's been on the market for a long time is NOT going to sell for the price it's currently listed. Why wait for them to reduce it? Make a good offer with a settement of property contingency. I live and work in TE - the Spring market is getting started - new things coming up every day.