Now, I think the word is out that people are getting WAY over asking price for their homes, especially smaller, older homes which make cash flow rentals.The 2500+ sq ft homes that are 6-7 years old ARE competing against new construction.

They pretend to compete, but nobody is ever reviewing the arguments they have so conveniently given themselves.

Pick the most competent broker that will bring you massive value.  

Is the HOA competent and well-capitalized?

Eventually your comfort zone and competence get far larger than they used to be.

Experience and competence trumps the deal every time.

@Chad McLeod yeah I’ve been looking in Lakewood and shaker you’re competing against 10+ offers within a day

You also typically have to compete with builder inventory or newer homes when selling. 

We're currently in escrow for a house in Lake Arrowhead, CA with no competing offers at the moment.

@Calvin Liang nice work.I reached out to a bunch of syndicators 3 years ago to ask a similar question and subsequently built our investor management software, Investor Deal Room.At the time when I started building it IMS and Crowdstreet were the only two companies that were visibly competing in the space.Since then, quite a few competitors have cropped up for real estate investor management software.