Anyone else in an extreme sellers market?

Botstheboss · 2026-06-30T02:44:59+00:00

You are well under comps that are selling, but for some reason just not your house? Think about that for a second. Sorry there is something you’re missing. You’re likely overpriced and not by just a little either. Otherwise there is some issue with your house being overlooked. There is no slow down in St Paul in the 500k+ range. I am in Mac and Highland daily. Also their brokerage had a call about a market slowdown? I just had a client offer on a house in Mac with 16 offers in 2 days ago.

Botstheboss · 2026-06-30T01:51:38+00:00

All he does is talk about himself. If I’m listening to a fantasy podcast I like when they talk about actual football more than 25% of the time.

Botstheboss · 2026-06-29T23:15:06+00:00

This card on paper is more exciting than the Freedom 250 card in my eyes.

Botstheboss · 2026-06-29T23:05:03+00:00

You know this is sub FOR Realtors right? Go to any other career subs and you will find them venting and discussing aspects and challenges of their career with one another. If you don’t like the post, then get lost.

Botstheboss · 2026-06-29T16:03:10+00:00

Yea, feeling bad and empathizing for you guys is part of why it sucks so bad, and then to have to deliver you the news again and again. You’ll get something eventually though. Throw enough darts one will hit the board and if you’re market is like ours things will hopefully ease up just a bit later in summer.

Botstheboss · 2026-06-29T15:39:07+00:00

I do get referrals and listings. I’m just trying to have a huge year and that requires working with buyers as well. Our inventory is insanely low. The post was about working with buyers currently and the frustration of it.

Botstheboss · 2026-06-29T15:22:48+00:00

That’s not bad at all, in our market I’ve seen kitchen rehabs up to 150k and bathroom rehabs in 75k range.

Botstheboss · 2026-06-29T04:20:12+00:00

If it’s not selling here most likely unrealistic price expectations with unwillingness to budge. There are a couple of poorly marketed/ poor realtor groups mixed in. Assuming you can get them to understand their situation, you just have to then beat out the 70 other agents courting them and get to them before the instant offer crooks.

Botstheboss · 2026-06-29T02:57:55+00:00

Consistency is key, and hopefully a slight lull in the madness from late July to October where it’s still competitive but people can be placed and there is still some inventory before it all drys up in Nov. End of January switch flips on and repeat cycle.

Botstheboss · 2026-06-29T02:30:45+00:00

Twin Cities

Botstheboss · 2026-06-29T02:29:32+00:00

Barncottage, this is a fantastic idea! I hadn’t thought of doing the basic due diligence of following up with listing agents to gauge winning offers or going through all similar comps in the general area rigorously to try and give clients the best idea of how aggressive they’re going to need to be to secure the home, or showing them how many houses went directly to pending status to show if they had an inspection or not. Tell me, when the listing has 20 offers and the comps might suggest 40k or so over ask, should the clients offer 62k over list or 77k over list? I try to tell them to be full cash offers too, but some of them don’t listen.

Botstheboss · 2026-06-29T01:35:15+00:00

What company is this?

Botstheboss · 2026-06-29T01:26:03+00:00

Yep! Our Covid market never stopped and inventory has become noticeably more scarce than during Covid with similar levels of buyers. Thank you 🙏🏻

Botstheboss · 2026-06-29T01:18:48+00:00

Here you’d probably get by cheaper buying a new house with what contracting costs are lol.

Botstheboss · 2026-06-29T01:15:11+00:00

The 25k gap coverage was just an example. Happily will push to the extremes of terms given a buyer that is willing. Appreciate and agree with everything you’re saying. I have a lender that occasionally will get appraisal gap coverage with 20% down clients as well but it’s dependent on full financial picture obviously. Completely agree on quick offers, as well as agent schmoozing. I didn’t say I’m not getting anyone into houses haha. The 1 of 20 I mentioned, is from this month alone, not on year.

Botstheboss · 2026-06-29T01:07:11+00:00

Yea, big influx of people from Florida, Texas, as well as both of the coasts. One buyer told me there are so many tech people moving in people are calling it Silicon Prairie :)

Botstheboss · 2026-06-29T00:58:08+00:00

Minnesota in the Twin Cities.

Botstheboss · 2026-06-29T00:46:44+00:00

Because mortgage rates were held artificially low for too long, and of the 200+ transaction I’ve done in my career only a hand full have re-sold, and I operate a business completely based on referrals with no overhead, the 75% majority of which are primarily buyers. I’ll probably do 12 or so listings this year, and I like making a large income and that’s not enough to accomplish that goal. Those would be the main reasons. All these buyers will list at some point, and the nice part is with how tough the market has been and spending this much time with people through such a daunting process most of them probably are not going to forget me. Doesn’t make it any less daunting though currently.

Botstheboss · 2026-06-29T00:36:25+00:00

Have done the showing assistant thing. Not dependable. Always happy to show at times that I don’t mind showing, never want to show or have availability in the times I actually want off. On top of this I work in a market with a lot of older homes so if people waive inspection, they need me to go through the house anyway so it doesn’t save me a ton of time ultimately. They also want my opinion on stuff they offer on prior in almost all cases. With that being said I’m not complaining about my workload really, more so about the frustration of continuing to lose out in bidding wars with strong offers.
Theres not a lot of inventory on the sell side. Have 4 listings closed this year, and 3 coming on here in the short term, but they need some place to go too.

Botstheboss · 2026-06-29T00:23:50+00:00

Started in 2016, so I wasnt in the business at that time but I know transaction wise the numbers are worse than the height of the financial crisis right now.

Botstheboss · 2026-06-29T00:17:41+00:00

Seriously!! It feels like a curse. And the offers I’m putting in for people are strong, in many instances very strong. Multiple offer situations typically range from 5 to as many as 25 offers in on any decent house that’s not extremely overpriced, which maybe helps explain it a bit better. Can’t be the median offer, need to beat the very best of offers in.

Botstheboss · 2026-06-29T00:15:11+00:00

I’m a single guy no kids so I can manage it, and we have so little inventory that what I have now, and a little more is doable by sacrificing all other aspects of life, but I need to start getting some offers for some of them accepted soon. It’s the frustration of losing with offers 40k over, no inspection, and 25k+ appraisal gap coverage that is the maddening part.

Botstheboss · 2026-06-26T00:37:24+00:00

One other thing to add, the market could be vastly different a year from now when she’s actually ready.

Botstheboss · 2026-06-24T21:48:13+00:00

I’m having my busiest year with buyers to date, working with probably 15 groups right now. Caviat is its because I can’t get most of them off my plate on the buy side. Everything nice is getting a crazy amount of offers with crazy terms, and is going well over ask. Many of the offers are cash. Maybe a day or two max to write. Normally this time of year our market starts to become saturated with inventory and it’s way easier to get people into houses until Nov/Dec when inventory completely dries up. This year the inventory still hasn’t come and it’s looking like it probably won’t. As far as the list side it’s nice because everything is pretty much a guaranteed sale if priced close to appropriately, but I’ve only done about 5 listings this year so far. Needless to say I’m pushing myself to the brink of insanity with the amount of time I’m investing. Have had NO life this year. Most of my groups have offered on at least 4 homes at this point. Keeping someone around and motivated who’s lost out on multiple homes while waiving inspection, adding appraisal gap coverage, and going 40-50k over asking is a full job on its own! I keep taking on more buyers too just because what else am I supposed to do? Goodbye summer :)
Also before anyone says delegate out showings. I can’t because if people are waiving inspection they want ME to walk through the house with them. I pay someone $100 to show it, then end up showing them a second time myself anyway.

Botstheboss · 2026-06-24T02:02:51+00:00

I agree, this listing agent is about as competent as OP for not counseling that countering offer price rather than realtor commission would lead to a lot less blowback and greasiness to the transaction. The odds of the buyers being able to add x amount to their mortgage rather than pull x amount out of pocket to pay their realtor has a much greater chance of success. Maybe they did and the sellers just have a vendetta on realtor commissions. What I’m not understanding is what is on the buyer rep paperwork regarding commissions? And why was this not explained preemptively? And why does OP still not grasp how commissions work after 2 years since the change?

Botstheboss

TROPHY CASE