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[quote=Anonymous][quote=Anonymous]Is this done? What's the downside? We have lost out on multiple competitive bids; I'm sick and tired of this game. Open house is this wknd. Can't we just offer above the list and set an expiration before the open house? Or is that just dumb and any seller would go through with the open house. [/quote]

It doesn't hurt to make the offer, worst they can say is no.  I had someone make a full price offer before the open house and I turned it down because I had already put in all the work to get the house ready for the open house and I knew I had a good chance to get above asking.  it was a very hot market then and I priced it such that I wouldn't be giving it away ( it was probably at least what the last one in the neighborhood sold for) but I wasn't ambitious in trying to get 5K more than the last house sold.  Worst case was likely getting a full price offer after the open house.  It was a good move for me because we did get multiple offers with escalation clauses.  The people that won it were the same that made the offer before the open house.  I'm convinced they had some realtor intel because not only was their escalation exactly the same as another offer (a few thousands more) but they sweetened it with an all cash deal and informational inspection ( where I was still obligated to fix electrical, HVAC, and plumbing that didn't work) but not negotiating on other things.

So anyway, I think if you offered above list and set the date before the open house you probably have a good chance unless the owners really priced it low in hopes of a bidding war.  I would probably have taken an above price offer. While I knew I could get a full price offer, I really didn't know how much above asking I could get and if I would have multiple people offering the same time with just the right escalation clause that were all equally strong in terms of financing, contingencies, earnest money etc.  An above price offer would have become a bird in hand versus one in the bush.[/quote]

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