{"id":1462,"date":"2007-05-23T08:44:13","date_gmt":"2007-05-23T15:44:13","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1462"},"modified":"2007-05-23T08:44:13","modified_gmt":"2007-05-23T15:44:13","slug":"sparknotes-mutiple-offers-the-ghost-of-christmas-past","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1462\/sparknotes-mutiple-offers-the-ghost-of-christmas-past\/","title":{"rendered":"SparkNotes – Mutiple Offers (the Ghost of Christmas Past)"},"content":{"rendered":"

It’s a strange real estate world we live in. Some markets, such as Manhattan and San Francisco reportedly thrive, while others such as Southern California have been more than mildly affected by declining home prices and slower sales. And then within each region there are micro-markets. In my own San Diego, it is the tale of two cities.<\/p>\n

It is the best of times, it is the worst of times. There are two distinct buyer psychologies at play. One segment is looking for a deal; the other is looking for an upgraded, turnkey opportunity. There are similarly two demographics at work. One wants (needs) the lower-end, entry-level product (in San Diego, these prices start with a “4”), while the other is less affected by trivialities like mortgage rates, economic indicators or general market trends (in other words, money is no object). Mediocrity, whether it be price or condition, is just not being rewarded. It’s enough to scare the Dickens out of a seller.<\/p>\n

“Ms. Blogging Person, have you actually read A Tale of Two Cities?”, you ask. Heck no. I, for one, detest Dickens. Given the choice of being subjected to one more reprisal of A Christmas Carol and bamboo shoots under my fingernails, I will opt for the root canal every time. That’s what SparkNotes are for.<\/p>\n

And, Multiple Offers are alive and well. Having been involved in several during the past month, it has become painfully clear that newer agents who may have missed the wacky knock-down-the-sign-installer-to-be-the-first-offer-in-the-door antics of the late ’90’s and early 2000’s may be unfamiliar with the intricacies of multiple offer situations. It has also become clear to me that many veteran agents just don’t get it. Thus, I generously offer a few tips to the buyer’s agent who may find himself in a competing offer position. If you missed the book, here is the cheat-sheet.<\/p>\n

    \n
  1. “Multiple” means “more than one”.<\/strong> Fancy yourself the expert negotiator? Well, Mr. Kissinger, good luck with that. You are not the only offer on the table, and your “look at me – I have a Buyer!” position of strength has been compromised. You need Read more<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    It’s a strange real estate world we live in. Some markets, such as Manhattan and San Francisco reportedly thrive, while others such as Southern California have been more than mildly affected by declining home prices and slower sales. And then within each region there are micro-markets. In my own San Diego, it is the tale […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1462","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2064,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2064\/sub-prime-mortgage-crisis-caused-by-unexpected-success\/","url_meta":{"origin":1462,"position":0},"title":"Sub Prime Mortgage Crisis Caused By Unexpected Success","author":"Brian Brady","date":"October 19, 2007","format":false,"excerpt":"Sub prime mortgage are defaulting at record proportions.\u00a0 Lenders are closing their doors and confidence is waning on Wall Street. Greed, corruption, and irresponsibility have all been cited as the reasons for this contraction and collapse. While these factors might be contributing reasons, they are all byproducts from the underlying\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2105,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2105\/san-diego-fires-i-wanna-hear-from-a-chargers-fan\/","url_meta":{"origin":1462,"position":1},"title":"San Diego Fire Update: I… Wanna Hear… From a Chargers Fan","author":"Brian Brady","date":"October 26, 2007","format":false,"excerpt":"Nick Canepa, of the San Diego Union Tribune, wrote that the game must go on this weekend and that it must be held at Qualcomm Stadium: San Diego deserves this football game. It needs it. The event may not house or clothe anybody or do much to dramatically change even\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16059,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16059\/san-diego-real-estate-a-cacophony-of-data\/","url_meta":{"origin":1462,"position":2},"title":"San Diego Real Estate – A Cacophony of Data","author":"Don Reedy, San Diego, CA","date":"July 18, 2012","format":false,"excerpt":"I love the scene from the \"Princess Bride\" where they undergo a battle of wits. Very funny scene, and way too reminiscent of popular conversations regarding the housing market in general and the San Diego housing market specifically. So, How's the Housing Market Doing in San Diego? There's no shortage\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1007,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1007\/glenn-kelman-on-redfincoms-move-into-southern-california-ive-never-had-to-think-so-hard-in-an-interview-in-my-life\/","url_meta":{"origin":1462,"position":3},"title":"Glenn Kelman on Redfin.com’s move into Southern California: “I’ve never had to think so hard in an interview in my life”","author":"Greg Swann","date":"February 8, 2007","format":false,"excerpt":"Here's the newspaper news, and we'll come back to it in due course: Redfin.com today opens three new offices in Southern California: Los Angeles, Orange County and San Diego. The company has expanded its web site to include listings from nine Southern California MLS systems. Here's the real news, which\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1290,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1290\/a-year-at-the-beach-its-the-san-diego-home-blogs-birthday\/","url_meta":{"origin":1462,"position":4},"title":"A year at the beach: It’s The San Diego Home Blog’s birthday","author":"Greg Swann","date":"April 11, 2007","format":false,"excerpt":"Time flies when you don't get any sleep. The San Diego Home Blog, brainchild of Kris and Steve Berg, turns one year old today. If you're reading Kris here, you are seeing some of the best writing in the RE.net. If you're not reading the Bergs at their home weblog,\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10037,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10037\/capture-appreciation-and-cash-flow\/","url_meta":{"origin":1462,"position":5},"title":"Capture Appreciation and Cash Flow","author":"Cooksquared","date":"October 12, 2009","format":false,"excerpt":"The advantage of investing in today\u2019s market is the potential to capture appreciating assets that provide strong cash flow. These investments are the holy grail of real estate investing. In strong markets, these properties simply don\u2019t exist, but in down markets, a smart investor can pick out these diamonds among\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1462"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}