That's funny, (not really), but in hot markets in Europe there is some of this type of competition among buyers. When my brother bought his apartment in Paris, (large apartment in great neighborhood), he told me that it helps when the seller likes you so they sell to you instead of someone else. I sort of got the idea that it wasn't a bidding war type thing, though, the price was set but everyone wanted the place. It turned out that there was a connection between the seller and his wife's family, so he was "in like Flynn".....
The CA. market is sick, really twisted. R.E. is more like a religion, (ie. it's "worth what it's worth" because people
believe that it is). The minute that they stop believing it, (earthquake/riot/economy changes), then it's all over until the next crazy swing.
