You MIGHT have a chance of winning in court.

So if they have a relationship with a broker they know brings good deals to the table, they will do their best to be as competitive as possible to win the deal.

So many buyers' agents scrambling to show, place offers, and lose out even with strong offers, just a total waste of time with no paycheck for all the many who didn't win the bid. 

We value a long term win-win relationship, well- priced, well-maintained homes to ensure solid tenants as well as respect for our finances and investment, so the PM has to be of the same mindset and ability to perform.This has been by no means passive because things come up that have to be addressed, and a lot has to be organized, optimized and tracked.

Hey BP Community, My wife and I bought at the peak of the housing boom in 2022 in Austin and likely overpaid, but it didn't bother us at the time as we really just wanted to win our first home after 10 previous offers not succeeding.

We say when you are in the REIT, "you are in it to win it" but their hold is much much shorter than yours would be at age 41.  

I'm a slow and steady wins the race investor that has little by little bought single family rentals (combo of long term, mid term, and short term). 

It's a tough market for buyers, definitely a win/win for sellers. 

So I insure when I win the bid.

If I do not win or choose not to bid, I get back my $100 plus 27% interest (9% x 3 years).