Comments on: 52% Of Offers Are On Homes With Multiple Bids http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html Redfin San Diego Sweet Digs Thu, 09 Feb 2012 19:42:29 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mike Carr http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-17894 Mike Carr Fri, 11 Sep 2009 14:37:33 +0000 http://blog.redfin.com/sandiego/?p=1679#comment-17894 Sorry another comment, the listing agent would not tell us what the other offers were so how do you know what to offer? We offered 20k over the listing price, had a conventional loan, had high 700 fica scores, etc.. Agents/Banks need to be transparent in the offerings especially when they offers go above the listing price. Oh by the way, we are also non-contingent, so nothing seemed to help in our situation. Sorry another comment, the listing agent would not tell us what the other offers were so how do you know what to offer? We offered 20k over the listing price, had a conventional loan, had high 700 fica scores, etc.. Agents/Banks need to be transparent in the offerings especially when they offers go above the listing price. Oh by the way, we are also non-contingent, so nothing seemed to help in our situation.

]]> By: Mike Carr http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-17893 Mike Carr Fri, 11 Sep 2009 14:30:23 +0000 http://blog.redfin.com/sandiego/?p=1679#comment-17893 We made an offer on a home where 37 offers were also submitted, the house was in the low 400 range. The odd thing is that the bank began to work with offers before the deadline. How do I know that? Friday before a three day weekend they set the deadline to submit offers, the next Tuesday they sent emails that the banks were working with offers. Either banks are working on weekends and holidays or they began the process before the deadline. Honestly, I think it is a big scam. Also, people are coming in with all cash offers. So, for the average Joe with excellent credit and 20% down, good luck. We made an offer on a home where 37 offers were also submitted, the house was in the low 400 range. The odd thing is that the bank began to work with offers before the deadline. How do I know that? Friday before a three day weekend they set the deadline to submit offers, the next Tuesday they sent emails that the banks were working with offers. Either banks are working on weekends and holidays or they began the process before the deadline. Honestly, I think it is a big scam. Also, people are coming in with all cash offers. So, for the average Joe with excellent credit and 20% down, good luck.

]]> By: Chris Glew http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-17196 Chris Glew Tue, 25 Aug 2009 17:48:05 +0000 http://blog.redfin.com/sandiego/?p=1679#comment-17196 Kate- I just looked at our July records. Of the offers we presented for homes with multiple offers in Southern California, 54% were on homes listed at $500,000 or higher. The median list price was $538,800. Chris Kate-
I just looked at our July records. Of the offers we presented for homes with multiple offers in Southern California, 54% were on homes listed at $500,000 or higher.

The median list price was $538,800.

Chris

]]> By: Kate http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-17195 Kate Tue, 25 Aug 2009 17:17:11 +0000 http://blog.redfin.com/sandiego/?p=1679#comment-17195 I'd like to know what the percent of multiple bid offers are on homes in the higher prices ranges, like 500k$ and up. Thanks. I’d like to know what the percent of multiple bid offers are on homes in the higher prices ranges, like 500k$ and up. Thanks.

]]> By: 52% Of Offers Are On Homes With Multiple Bids http://blog.redfin.com/sandiego/2009/08/52_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-17167 52% Of Offers Are On Homes With Multiple Bids Tue, 25 Aug 2009 04:00:49 +0000 http://blog.redfin.com/sandiego/?p=1679#comment-17167 [...] Chris Glew made an interesting post today on .redfin.com. [...] [...] Chris Glew made an interesting post today on .redfin.com. [...]

]]>