Okay, so it’s a bad play on words. And the picture quality is terrible, but I thought it would be cool to film in the dark under a street lamp…
And as I sat in the dark in my car last night and filmed this video blog, I was completely in the dark as to whether or not my clients would prevail in their multiple offer situation.
There are tougher jobs in the world than being a real estate agent, but it’s not easy to sit around and wait to hear your clients’ fate…
We didn’t get the property.
In the end, my clients were disappointed, but not crushed since they knew this property was beyond their means and they put forth every last dollar they could have possibly afforded.
But I did notice a persistent trend last night.
There were four offers, and one of them simply blew away the rest.
I am certain that three of the offers were very close and maybe only a few hundred dollars apart, and then one offer $20,000 higher than the rest.
This is happening with increasing frequency in multiple offer situations.
One person comes along and says, “I’m tired of this process; I’m tired of ‘getting back on the horse’ after we lose; my wife is nagging me like crazy to go out and get a house; I’m taking this one home no matter what.”
The listing agent told me that my offer was “almost identical” to the person who presented before me, so that probably means $100; or perhaps the exact $108 that we were over $320,000 in this case.
But I suspect that the last offer was $345,000 or more, and normally I would say “that’s crazy!”
But this house was worth every penny, and more.
If my clients ended up getting the house for our price of $320,108, it would probably stand as the best deal I’ve ever negotiated…