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Three very good suggestions made by those who replied before me:1) Use an Accredited Buyer Representative2) Submit your highest and best offer from the beginning (sometimes an odd number will work)3) Use an escalation clauseFYI: If it can ever be proven that an agent is releasing the amount of offers in order to generate higher bids (called shopping offers), a complaint can be filed with the Louisiana Real Estate Commission. Exception to this rule: if the seller directed the agent to release the amount of bids.
Next time you put in a bid, you could use an escalation clause. This is basically where you make an offer and say that in the event of a competing offer you will pay $1000 over the highest offer's net up to a purchase price of your absolute maximum.Just a thought. It seems like in my area the clean, well-kept, desireable homes are selling quickly. And anything even slightly over priced or owners that are not very negotiable, is sitting, and sitting, and sitting....I think listing things at below market value is becoming an increasingly used tactic. It creates interest, people submit offers, and then get in bidding wars.
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For Sale: $125,500
For Sale: $65,000