There is a long-running debate in baseball about when it’s appropriate to steal a base, specifically, whether it’s appropriate to keep the baserunners sprinting for stolen and extra bases when their team holds a big lead late in a game.
Whitey Herzog, who seemed to have a roster filled with rabbits, always said he’s promise not to run and try and score any more runs as long as his opponent promised not to score any more runs themselves.
Herzog’s line of thinking came to mind this week as I was submitting offers on behalf of one of my buyers. They are looking in the Phoenix real estate market’s most active sector – bank owned homes and short sales in the sub-$80,000 range.
How active is it? This week we wrote an offer on a home that had been on the market for less than 24 hours. As it turns out, we were one of more than a dozen offers that arrived. For those keeping score at home, that is an offer submitted on an average of every two hours as soon as the home hit the market.
Needless to say, we’re not necessarily looking in person at the homes on which we’re writing offers. We can’t. Yet that doesn’t stop the listing agents from asking the inevitable question …
Has your client seen the home?
Since most buyers have things to do – you know, jobs, kids, life – it’s not possible to drop everything and run 20 miles to look at a home the instant it hits the market just in case an offer might get accepted.
What I told the agent is the market isn’t allowing for us to take a look before submitting. What I really wanted to say, I think would make Whitey Herzog proud …
If you promise not to accept any offers until we’re able to get out there and take a look, then we promise to make sure we’ll take a look before submitting.