Relocate to Wisconsin : "My Buyers decided they don't want to be in competition," said the Selling Agent

"My Buyers decided they don't want to be in competition," said the Selling Agent

   Thinventory...there is that word again...more Buyers than Sellers....houses disappearing from Active status to bidding warActive with with Offer in 24 hours or less.  Buyers crossing fingers, raising prices above asking, writing letters to the Sellers promising to take good care of the house that they wish to call home. Being flexible with closing dates, offering earnest money with the offer at amounts far above what used to be considered "normal".  Whatever it takes to get the Buyer's attention....and then....there are still Buyers....who just don't want to get into the "bidding wars" that are raging throughout the real estate landscape in southeastern Wisconsin.

   Every transaction in which we had Buyers or Sellers...and others we have heard about from other agents...has had competition in recent a variety of communities and price points. 

   If Buyers want a house they can call home...Agents need to have "The Talk" their Buyers adjust to what the Thinventory has done to the landscape of real estate...the new normal...more than one Buyer per property.  

    Sometimes....only sometimes...being available as quickly as possellers markeysible, writing sharp offers with fast response times can help Buyers eliminate the bidding war competition. will take losing the house they wanted to call home...repeatedly before they realize that Buyers are not in control of the present market. It IS a Seller's Market.

      Buyers and Sellers are never the ones to choose...the Market does the choosing...and smart buyers acknowledge that and adjust their attitudes....and their wallets.

     If you or anyone you know is looking to Sell or Buy real estate in southeastern Wisconsin, call the Hansons, we are honored to be of service.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

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Comment balloon 18 commentsSally K. & David L. Hanson • April 07 2016 07:51PM


Sometimes these words spoken make my tummy hurt. We are ready, willing and able to do a deal but the lack of inventory makes this impossible Sally and David.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 2 years ago

Sally and David

It's interesting that you are writing about this topic. I have a bunch of buyers who have been in multiple bid situations but keep moving forward. But one buyer just does not want to go there...and deal with the bidding war. Unfortunately right now that could mean no new house, since for any listing that is in decent shape, a good location, and a good price there are too many competitors.

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) almost 2 years ago

We hear this all the time.."we don't want to compete". Well, like it or not, in a seller's market, buyers will compete or watch the world go by.

Posted by Eric Kodner, CRS, Madeline Island Realty, LaPointe, WI 54850 - (Madeline Island Realty) almost 2 years ago

Wise buyers will listen to your advice Sally, it can save a lot of time and heartache.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams fox cities) almost 2 years ago

Sally most of my buyers fall into the category  Jeff Dowler CRS  describes they keep going because they want to get a home... there are a few rare ones that do not play, but they are the minority, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 2 years ago

 Good morning Sally K. & David L. Hanson . I've seen some goofy markets before but this is got to be the goofiest.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) almost 2 years ago

Hi Sally and David.  Well, one certain way they won't be getting a home is by refusing to make the offer in the first place.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 2 years ago

I have had buyers who felt the same way. I always advice buyers not to fall in love with a house until after their offer is accepted .

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 2 years ago

Good morning Sally. Some are built for the "Thinventory" wars and some will sit it out! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) almost 2 years ago

Same here Sally K. & David L. Hanson . I always have the talk with my buyers, some listen and other need to lose a dream home. I wrote about this as well today and can say some sure get angry when they lose out looking for someone to blame

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) almost 2 years ago

The Best and Highest is what is necessary to be in the running!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) almost 2 years ago

This is very good reading for prospective home buyers.

Have a great day and an outstanding weekend.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) almost 2 years ago

If that's the attitude, they can't be serious.

Posted by Olga Simoncelli, CONSULTANT, Real Estate Services & Risk Management (Veritas Prime, LLC dba Veritas Prime Real Estate) almost 2 years ago

Happens always it seems in an active market...buyers here still don't get that fact, Sally... Wishing & hoping!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 2 years ago

Sally and David good advise.  Setting the right expectations early is a must, especially in a tight market.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 2 years ago

Good morning Sally. I wish I could say we are seeing the same thing in our local market, here it is still a buyers market and will be for some time.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 2 years ago

Good morning Sally K. & David L. Hanson ,

Real estate markets change and buyers and sellers have to learn to move in the direction the winds are blowing if they are going to buy or sell! We have a seller's market for sure and some buyers just don't get it!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) almost 2 years ago

Hi Sally and David --- I recently used the word "thinventory" with a client --- thanks for the inspiration.   

Some learn early, some learn later -- those that learn become homeowners and those that never learn remain buyers.   It's a choice.  


Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) almost 2 years ago