People say to me, “I bet you’re loving this market”, expecting that realtors are raking it up these days.
Not really.
I lost 50+ bidding wars with buyers this year who lost out to others who insanely overpaid with no regard for the comps, or because listing agents were too lazy to give everyone a fair chance. Neither of those are healthy for the market in general, yet no change is on the horizon for 2022.
I found myself in two more bidding wars this week!
The two properties weren’t the superior buys in top condition – instead, both were very average and priced with no regard for the comps. Yet they both had multiple offers over list price during the week between Christmas and New Years?
This is my 698th blog post of 2021, and the best way to review the year is to scroll through the highlights and lowlights here:
https://www.bubbleinfo.com/category/2021/
or here:
https://www.bubbleinfo.com/category/bidding-wars/
For those who like the videos, here is the full collection:
https://www.bubbleinfo.com/category/bubbleinfo-tv/
I’m off to play golf with Kayla – she extended her stay for another week! I’ll comment more later.
