Buyers who have lost out on a house learn that they have to bid aggressively on the next one.
It's a happy time for those lucky sellers..........not so much for the buyers, and I feel for them.
But.........isn't nice just to be having this kind of conversation again??
I think we just have to remind them that it was a $425,000 house, and we have to keep looking at houses that are $400,000 and under.
All the best,
I think you can tell them the truth and if they are losing out on offers they may need to change their approach..
If you worked 2005-2006 you remember the multiple offer game and for the most part our clients won the bid by offering more than asking or giving higher amounts as earnest or cashing out CD's for Cash offers.
It is harder for Agents that haven't been "Selling" but only "Showing".
Markets move and if you are a seller or a buyer you need to adjust discordantly.
Best of Luck to my Southern Neighbors,