Seven Times? Can you be serious?

I have been working with a couple for the last 4 months. They are sweet and happy and ready to find a home and move out of their small condo. They are not limited to a certain town, as their are no children and school district is not a concern to them. I have showed them about 5 homes per week, during the last few months. That's a lot of houses! Oh yeah, I forgot to mention, I have put in seven offers, which have all fell through by means of becoming out bid or by other circumstances.

I can only imagine how frustrated they must be. I am lucky that they have decided to stick it out with me, in hopes of finding the right place for them eventually. I believe that everything happens for a reason, but this is getting ridiculous!

I have heard the horror stories, from other Agents, along similar lines. What my Client's can't believe is how the market is responding to them. In the media, its a buyers market, but at the same time, the mortgage industry has made it much harder to qualify for mortgages. My Client's interpret that as lots of homes and limited Buyers...........not so much, at least in my area.

My Clients have been outbid in at least 3 of the offers. They have been left out to dry on the homes owned by banks. It is not unusual for an offer to sit for 6 months on the door of an REO, or bank owned home. I believe that this kind of time line is ridiculous and it is not the way to sell a home. The Buyer's get frustrated and end up pulling their offer out, only to move onto another one, which is what my Buyer did. But they haven't exactly found their next one. Well, the did find 6, but the market has been competitive, despite what the media is telling everyone. It is a different kind of competition than it was four to six years ago. Folks are not competing for the junkers, the fixer uppers and the ones that need work. These are the ones with INSTANT EQUITY, where a Buyer can come in, revamp it and sell it later on for profit.