Yes, there is crazy madness in the $500K and below market, or certain price ranges depending on which part of the country you are in. And on the buying side, you're probably up against multiple offers most of the time.
Do not let your buyers OR yourself be lazy if they have a real interest in the property. Get that backup offer written! It only takes about 30 minutes to draw up an offer and another 10 minutes to get it signed.
If you get that signed off, then you're guaranteed that price with no negotiation should the first offer fall out.
And we all know FIRST HAND how many escrows fall out!!
Then get it submitted so that you have that brewing at the same time while you're out there shopping again.
It's called MULTI-TASKING!!
