Comments on: 84% Of Offers Are On Homes With Multiple Bids http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: quit whining http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-9033 quit whining Fri, 14 Aug 2009 01:59:39 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-9033 quit your crying. the home sells for market value. plain and simple. it doesn't matter where the "STARTING PRICE / OPENING BID" starts. People are crying because they think they can actually get a "steal" on the house, get emotionally attached, then their dreams are shattered when the price goes up beyond what they can afford. If you can afford $300K, look at houses around $225K, not $300K because they will not sell for that. always want something for nothing. quit your crying. the home sells for market value. plain and simple. it doesn’t matter where the “STARTING PRICE / OPENING BID” starts. People are crying because they think they can actually get a “steal” on the house, get emotionally attached, then their dreams are shattered when the price goes up beyond what they can afford.
If you can afford $300K, look at houses around $225K, not $300K because they will not sell for that. always want something for nothing.

]]> By: ptwn http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8997 ptwn Thu, 30 Jul 2009 21:23:02 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8997 We've looking for homes from Dec and put as much as 40 offers. We got some counteroffer from the banks but finally we settled in May for house in San Jose, sold price is 40K higher than the sale price. Luckily the appraisal comes lower than our buy price. We’ve looking for homes from Dec and put as much as 40 offers. We got some counteroffer from the banks but finally we settled in May for house in San Jose, sold price is 40K higher than the sale price. Luckily the appraisal comes lower than our buy price.

]]> By: Stories from the Field: Multiple Offers in the Bay Area | Redfin Bay Area Sweet Digs http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8991 Stories from the Field: Multiple Offers in the Bay Area | Redfin Bay Area Sweet Digs Thu, 30 Jul 2009 01:33:32 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8991 [...] Last week we reported that in June, 84% of the homes our clients bid on in the Bay Area had multiple offers. [...] [...] Last week we reported that in June, 84% of the homes our clients bid on in the Bay Area had multiple offers. [...]

]]> By: Redfin’s July Newsletter… | Redfin Corporate Blog http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8987 Redfin’s July Newsletter… | Redfin Corporate Blog Wed, 29 Jul 2009 04:42:05 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8987 [...] to get into the property; sometimes we take three clients through the same houses on the same day. 84% of our Bay Area offers in June involved a bidding war. Nationally, the supply of existing homes for sale fell to 9.4 months; a sellers’ markets usually [...] [...] to get into the property; sometimes we take three clients through the same houses on the same day. 84% of our Bay Area offers in June involved a bidding war. Nationally, the supply of existing homes for sale fell to 9.4 months; a sellers’ markets usually [...]

]]> By: Walt http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8986 Walt Mon, 27 Jul 2009 19:37:30 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8986 Well... you'd expect June to be selling better than May, and July and August should be better as well... it's the summer... It's really not practical to compare June to May, but June '09 to June'08. That is the summer months always have greater buy's than the spring and winter months.. if the summer was worse than the spring, the actual market trend would be horrible... Well… you’d expect June to be selling better than May, and July and August should be better as well… it’s the summer… It’s really not practical to compare June to May, but June ’09 to June’08. That is the summer months always have greater buy’s than the spring and winter months.. if the summer was worse than the spring, the actual market trend would be horrible…

]]> By: Linda http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8982 Linda Mon, 27 Jul 2009 06:50:20 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8982 We been trying to buy a house for the past year and have not had any luck. We have come across here in Monterey County with Real Estate AGENTS keeping the bid in house and not giving a fare chance to the other agents, I guess they dont want to share the commision. We been trying to buy a house for the past year and have not had any luck. We have come across here in Monterey County with Real Estate AGENTS keeping the bid in house and not giving a fare chance to the other agents, I guess they dont want to share the commision.

]]> By: Dee http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8981 Dee Sun, 26 Jul 2009 04:05:39 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8981 My husband and I are first time buyers and an older couple. We are looking for a special kind of property for a good and reasonable price. We offer what the asking price is and sometimes alittle more, but then counteroffers come back wanting $10,000 more. We can't afford that. We want to keep our monthly mortgage payment low so we don't get into a house and then we end up going into foreclosure. Real Estate people want us to pay more and the banks want us to pay more. My huisband and I said the real estate right now has become a silent auction frenzy. We bid on what we can afford. We've been FHA pre approved and would like to get into our only home, as we are first time buyers and would like to settle in. As it is my husband commutes to work 2 hours each way to work everyday and it's taking its toll on him and me. My husband and I are first time buyers and an older couple. We are looking for a special kind of property for a good and reasonable price. We offer what the asking price is and sometimes alittle more, but then counteroffers come back wanting $10,000 more. We can’t afford that. We want to keep our monthly mortgage payment low so we don’t get into a house and then we end up going into foreclosure. Real Estate people want us to pay more and the banks want us to pay more. My huisband and I said the real estate right now has become a silent auction frenzy. We bid on what we can afford. We’ve been FHA pre approved and would like to get into our only home, as we are first time buyers and would like to settle in. As it is my husband commutes to work 2 hours each way to work everyday and it’s taking its toll on him and me.

]]> By: johnny http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8980 johnny Sat, 25 Jul 2009 16:09:47 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8980 mortgage payments are equalizing with rental rates, that is why there is so much activity. but you know what? rental rates are falling and fast, which doesn't support home prices increasing, but in fact the opposite as they compete with each other. there is no real support in the market, prices will continue to decline. mortgage payments are equalizing with rental rates, that is why there is so much activity. but you know what? rental rates are falling and fast, which doesn’t support home prices increasing, but in fact the opposite as they compete with each other. there is no real support in the market, prices will continue to decline.

]]> By: Dem http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8979 Dem Sat, 25 Jul 2009 04:58:38 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8979 Again, the bank is not learning its lesson because of greed. We can see a collapse of our president's initiative to help the industry. We will see more houses back in the market because of false representation. How many people can afford to play the bidding war? Again, the bank is not learning its lesson because of greed. We can see a collapse of our president’s initiative to help the industry. We will see more houses back in the market because of false representation. How many people can afford to play the bidding war?

]]> By: Tubby http://blog.redfin.com/sfbay/2009/07/84_of_offers_are_on_homes_with_multiple_bids.html/comment-page-1#comment-8978 Tubby Fri, 24 Jul 2009 00:08:05 +0000 http://blog.redfin.com/sfbay/?p=6421#comment-8978 I'd *love* to see this broken out by price range. My impression is that the upper end of the market is still stagnant, while the mid-range and lower-end are hot because the prices have already undergone their correction. Perhaps a days-on-market by price point (in $300K increments)? I’d *love* to see this broken out by price range. My impression is that the upper end of the market is still stagnant, while the mid-range and lower-end are hot because the prices have already undergone their correction.

Perhaps a days-on-market by price point (in $300K increments)?

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