This won't work anymore
The simple fact is, there are more (a lot more) homes for sale than there are buyers. And if giddiness over the start of our busy season has caused you to lose sight of that reality, have a look at current inventory vs recent sales (sales, Oct 1 - Dec 31) and you'll see we've got a long way to go.
$0 to $500k - 169 for sale, 59 sold = 8 1/2 months inventory
$501 - $1.0 - 228 for sale, 42 sold = 16+ months inventory
$1.01 - $1.5 - 67 for sale, 2 sold = 100 months inventory
$1.51 - $2.0 - 36 for sale, 2 sold = 54 months inventory
$2.01 & Up - 36 for sale, 1 sold = 108 months of inventory
So unless you're in the $0 to $500K group, which is getting dangerously close to normal inventory levels, you've got more competition than ever before, and buyers who are routinely, and without a twinge of regret, passing up all but the most well-priced homes.
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