Buyers on the offensive...

I haven't seen this happen yet around here... but now that the position of power in the negotiations is clearly on the side of the buyers... it could.

Read link here from the BloodhoundBlog.

The game works like this: Make multiple low-ball offers on all the houses that might work for you, with all of those offers being subject to your final approval. Make it plain to all of your sellers that the first one to salute goes under contract, and the others go home empty handed.

This is exactly what sellers were doing to buyers two years ago, with multiple counter offers. By now there are at least eleven homes for sale for every qualified buyer. It’s time buyers exercised their incredible negotiating power.