The Second Mouse gets the cheese

This may seem a little harsh but it is the truth.

The first mouse gets caught by the trap and the second one comes in and steals the cheese.

This is happening in Real Estate as well.

Do you see how many properties are Back on Market(BOM) well that number is a lot larger than you can see from the MLS.

As an agent who makes a lot of offers on Multis (157 in 2021 and 31 in 2022 I am seeing this all the time.   There are countless times that I made an offer that was not successful and got a call from the listing agent before it came back on the market.

These agents do not want to go BOM as they have to explain what went wrong.  Much better to explain that in private then in a public forum.  They also look pretty good to their sellers if they are able to get the deal done with the set of original offers.

If you find a property that you like. Make an offer.  Never know what will happen to the offers that look to win in the beginning.