In August I had buyers put in an offer of $245,000 on a short sale.  The bank accepted the offer within 30 days.  My buyer backed out. They say it was because they thought they could get a better deal ( I think it was because the bank responded so quickly)  The property was listed fort $285,000.  The property went back on the market for $262,000.

In October after countless hours of searching and viewing homes the buyer decided this was a good deal and put a back up offer on the property for $230,000 dropping their offer $15,000

This offer was based on what they read in the media.  

5 months later the bank has a counter offer of $272,000.  $10,000 over what list price was .  Crazy……  The buyer lost a great deal .  

If you see  a home you like and it is well priced then BUY IT.

The banks are not being as generous in their accepting of offers anymore …..