|
Met a realtor friend today and I asked him what his thoughts were about no more blind bidding and having offers open to everyone.
He said look at Australia's housing prices, he noted that they have open bidding and their housing market has only been rising.
He did note that he sold a place recently and the top bidder was $150k higher than the second-place bidder, so he said imagine if they saw all the bids, they would have saved a lot of money. In that situation, that was great for the seller, not so much the buyer.
|