The bidding wars convulsing many real estate markets are reportedly driving more homebuyers to adopt a somewhat cynical tactic: making offers on multiple homes at once. Is the tactic kosher? Some agents shake their heads vigorously, condemning the practice as unethical and counterproductive.
- Homebuyers are increasingly making offers on multiple properties at the same time, according to Redfin.
- The tactic may or may not make sense for buyers, depending on the market and whom you ask.