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In this video, Bob Baird discusses the current seller's market, characterized by many multiple offers on homes due to low inventory. He highlights the importance of understanding what sellers seek in contracts to enhance buyers' chances of winning a home. Baird mentions the use of special sales contracts as a key strategy and notes various factors contributing to the market conditions, including low interest rates, sellers' uncertainties about relocating, COVID-19 impacts, rising lumber prices, and demographic shifts with millennials entering the housing market. He aims to provide insights that can help buyers navigate this competitive landscape.