Another real estate agent question

[frugalone]

OK, I gotta know: Is "other parties are interested in this property" part of the Real Estate Game?

Kind of like every time I look at a product in a store, the salesperson recommends and it says he/she has one and loves it?

[ToomuchStuff]

Using math as a sales point. X number of houses for sale that Y number of people are looking for/at. Interested in, is not the same as saying, other offers have been submitted, but a selling point using math, to try to get you to submit an offer, IMHO.

[Teacher Terry]

Here the market is hot and not enough houses for sale so might depend on how your local housing market is doing.

[frugalone]

Yep, that's what I figured. I don't like being pressured...

[frugalone]

I wouldn't say it's hot around here. There are a lot of places for sale, varying in quality.

Using math as a sales point. X number of houses for sale that Y number of people are looking for/at. Interested in, is not the same as saying, other offers have been submitted, but a selling point using math, to try to get you to submit an offer, IMHO.

[SteveinMN]

If a buyer is really interested, they put down earnest money. Otherwise they're still windowshopping and I would reject that tactic as a way to goad me into action.

When I bought the house we're in now, I knew before I started touring houses that homes at its price in this neighborhood went really fast. After my walkthrough I looked at my agent and said, "This house isn't going to be here tomorrow, is it?" She shook her head no. I put an offer in that night. In a hot market, there isn't time to wait around and set up financing and such. But you should be aware if you're in a seller's market before the agent prompts you that way.

[frugalone]

Thanks, folks!

[JaneV2.0]

I would encourage you to follow your instincts where real estate is concerned.

[Simplemind]

Here in the Portland metro area there is no way that there are not several other parties interested within the first hour of it being put up. A friend sold her house within the first hour and then lived in a 5th wheel for the next year because they could not get a house. Everything was always sold before they could even get there to see it.

[frugalone]

Good advice!