The current buyer's market heavily favors non-contingent buyers who can close in a hurry.
With no home to sell, the ideal buyer can move forward quickly and put "pressure" on the seller to accommodate the terms offered.
One caution is that waiting for the price to drop on the home you have your eye on tends to backfire. I have seen it happen more times than not. Once the home gets to the market price. Everyone jumps.
A multiple offer situation does take much of the leverage from the buyer. This has put a premium on speed and accuracy of market information.
KeithMaki.com - See all the new homes and foreclosures.
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