Of the NSDCC detached-home sales in February, 60% of them closed above their list price. The majority of buyers are doing it, and we can expect the trend to continue!
But how much over?
Here are five recent sales that demonstrate the insanity:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
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- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
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CA DRE #01527365, CA DRE #00873197
Oh Wow! So it’s blind bidding causing this? I think next housing recession has the potential to beat the 2008 crisis. I was thinking maybe some well-to-do Viasat exec bought it?
Old hotness: Keeping up with the Joneses.
New hotness: Keeping up with the Joneses even before you own the joint.
Love the cruise video.
1. Do not ask why prices go up.
2. Just Be able to identify a change in markets either up or down.
3. You will uncover the reason why later.
Simple. Capish?
Economists and forecasters are the only people paid to be wrong.
The bigger question may be how in the world then are these homes appraising? Surely not every buyer is paying cash and waiving appraisal…
Hmmm….yeah, they are waiving the appraisal.
Our listing on Goldeneye had six offers, and all six waived the appraisal. I got the appraisal to come in at the sales price anyway!