As I write this in the Spring of 2016, the market is extremely lopsided. There are far more buyers than sellers out there and inventory is very low. When a home is listed, it’s very tempting to want to sell as quickly as possible but not always the most prudent thing to do. With so few listings out there it makes sense to hold offer offers to a specified offer date in order to give as many buyers as possible a chance to see the home before it sells and more importantly to sell the home for as much as possible. When more than one buyer is offering on a home at the same time they end up competing against each other, driving the price up. However, holding off offers doesn’t always work and there’s no guarantee offers will actually come in on the offer date. Price is the reason for this. Holding off offers suggests to buyers that the sellers are expecting to sell for at least full price and hopefully more but if the home is overpriced to start with, this will not happen. The home MUST be priced slightly under market value or at least at market value, NOT over to attract a bidding war.