Zillow Advice: Buying Process - Bidding Wars - What can you do? http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ Zillow Advice | Zillow Real Estate Walk away.Patience is a virtue ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ Walk away.<br/><br/>Patience is a virtue and its not like prices are gonna be higher tomorrow, next month or next year.<br/><br/>Time is on the buyer's side Mon, 10 Aug 2009 17:21:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T17:21:00Z Be patient. Don't worry so ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ Be patient. Don't worry so much about the $8K tax credit, if you overpay in a bidding war by $10K, just to get an $8K credit, you lose $2K... Mon, 10 Aug 2009 17:10:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T17:10:00Z Always decide what your maximum ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ Always decide what your maximum is before making an offer, and don't ever go over it.&nbsp; Whether you are the only bidder or one of 100 should have absolutely no bearing on what your maximum is. Mon, 10 Aug 2009 17:04:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T17:04:00Z Unfortunately, I believe ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ Unfortunately, I believe that some agents where the pressure is the greatest to claim the $8000 credit manufacture "multiple bids" to drive the price higher. There is no oversight in this process of accepting bids. The honesty of it depends solely on the ethics of the individual agent involved. Buyers need to remember that these shadow bids do not change the value of the house that they are buying. Do not overbid in an effort to win. You need to keep a cool head and be willing to move on if your first offer was already your best and highest for that property. Mon, 10 Aug 2009 14:04:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T14:04:00Z What should you do?&nbsp; ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ What should you do?&nbsp; Wait for the market to cool down.&nbsp; They are squeezing the inventory tightly and pushing buyers off the fence with&nbsp; the $8k buyers bribe.&nbsp; Who wants to pay more than they should because of a manipulated market?&nbsp; The game is rigged, stay out. Mon, 10 Aug 2009 13:32:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T13:32:00Z What should you do?Learn ... http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ What should you do?<br/><br/>Learn poker ! &nbsp;Call it a bluff or move on...<br/><br/>Do you think it was just easy money and loose lending that lead to people taking risky <a href="http://www.zillow.com/mortgage/">loan</a> terms? &nbsp;The banks only poured money after all the mania and scamming by REA started. &nbsp;<br/><br/>More so called bids more commissions to the REA... bad deal for buyers.<br/><br/><br/><br/>&nbsp; Mon, 10 Aug 2009 07:22:00 GMT http://www.zillow.com/advice-thread/Bidding-Wars-What-can-you-do/266119/ 2009-08-10T07:22:00Z