With bidding wars the norm for buyers in the Phoenix metro area, it's not surprising that this question comes up frequently these days. Buyers are getting tired of writing an offer, waiting for the bids to be reviewed and then losing the bid only to have to start over again.
"Why don't we just write offers on the 3 homes that I like and see which one sticks?"
There are only two ways you can write offers on more than one property at the same time.
1. You can afford to purchase all of the homes you are writing offers on at the same time and have the pre-qualification letter from your lender to prove it
2. You clearly state on your offer that this offer is one of multiple offers you are making on different properties and that you will decide if you want the home after the seller has accepted your offer. In Arizona, we have a form specifically for this purpose that must accompany a "multiple" offer on a property.
The problem with option 2 is that a seller is not likely to give your offer any consideration since you won't come across as a serious buyer. Think about it. Why would a seller choose your offer over the other offers received when you're basically saying you're not even sure if you want it?
I know it's frustrating. One of my buyer's agent just wrote the 29th offer for one of her FHA buyers and voila...offer accepted. Patience and perseverance is the name of the game in today's real estate world here in the Phoenix metro area.