Unless you put "Owner has the right to refuse any or all offers’ IN YOUR MLS description. In a slow or normal market, you may not get any offers if you have that, but the market here is not normal.
For the last two days, over 100 visitors at the open house. Yesterday was very busy, none stop viewers, tomorrow will be the final day for open house. Expected over 10 offers.
Have you received any offers yet?
yes, two. At least 10% over asking.
Well…you have two good offers already so you know you are in a good position.
That’s great!
I was at the open house with some of my friends who are interested. And when I was there, I over heard that every other buyers came in viewing the property knew the asking price is just a come on and they are expect to pay more.
I am not worried if the house will sell or not, I am worried about the price. I am expecting at least 200K more than the list price if not more. My friends were talking about 250K more if they decided to buy.
It would drive me crazy to be a buyer in that situation. We didn’t even get to bid on a house earlier in the summer that was priced very low. The asking price was 500K but it was in such great condition, etc., etc, that I thought it would go for more than 600K. They accepted an offer with two backups but weeks later I heard it sold for 537K. I think they priced it too low and were too impatient to sell even though they didn’t plan on moving for 3 months. If we had had a chance to bid I have no idea what we would have done but it would have been way higher than 537K!
ETA - I also wouldn’t feel comfortable making an offer that was drastically lower. I guess I don’t like haggling too much in these situations.
Your friends sound like they are just talking artloversplus.
No, they have been actively looking for home to downsize. They have a house that can rent for $9,000 with swimming pool. It is too big for them and they are getting old, want some thing simple. This is ideal for them.
Well, if they put in a suitable offer, that will be another one that you can consider. Good luck–hope you have several good offers and a nice bidding war to see whom you finally sell your property to! There have been bidding wars around here from time to time, when the house is listed on the lower end of the price range, but haven’t been familiar with pricing a property $200,000 below “market.” I guess different strokes in different regions. Our neighborhood has very little inventory and houses listed tend to move quickly with lots of ready, willing and able buyers. I guess that’s good for our home holding its value but tough if we want the kids to be able to buy near us. Prices are getting more and more often into the two comma category. 
Artloversplus, although this is probably irrelvant as far as selling your place goes, did the two bids $100,000 over asking expire?
No, but those are not acceptable.
Ok. Thanks.
My daughter is bidding on a house. The bid is written. Her agent wants to present the bid. My daughter wants to bid before the broker’s open house. She is going to pay more than listing. The bid is aggressive.
The bid has a short life.
The seller’s agent doesn’t want the bid presented yet.
It’s nice for the sellers to have such a seller’s market.
If you are serious on the property, do not submit a bid with expiration, you never know.
I bid on this house I have bought, after a month, it came through and this house had 16 bids, I did not bid high and definitely was not the high bidder. The bank must close the deal on Dec. 31st and I was the only one could do that among all the bidders.
Interesting…will consider this…
Actually it is always a seller’s market if the price is low enough. In the height of the “depression” of 2009 we saw homes receives 10-20 bids at a time. But in today’s price, those bids were laughable.
Yeah…
I think my daugter’s bid is an alltime high price for the neighborhood in some ways.
I am not sure she should pay a penny more. It was a preemptive bid, so if fhe broker wants to see more bids without looking at hers, maybe she should lower her bid.
At some point, with prices increasing so much during the last three years, there is going to be buyer fatigue.
With you or your D’s attitude, in an up market, it is very difficult to buy a house. If she is going to LIVE there AND if she is convinced that home is of her choice, She should pay few more pennies to get it. Otherwise she is going to spin her wheel and missed a good opportunity. I see this year the market is up, I can feel it and see it compare to last two years closings. Remember, it was a 7 year down market, when it returned, in most places, it was just back to the 2007 value. Money in 2015 is different from money in 2007, so it is still a bargain.
I wouldn’t go as far as saying today’s prices are a bargain. 2007 prices were bubble prices. As you know, we are exceeding the 2007 bubble prices in some areas.
I don’t know what to make of today’s prices. 
I appreciate your sharing your market viewpoint.
I am talking about my thinking. It is just thinking…not my daughter’s thinking.
The next few days will be exciting.
Good luck tomorrow.