Here we only have to pay 5% to 10% over list....if at all! It is no secret the housing market is on fire. Last year, almost a quarter of all U.S. home sales were above asking price, according to real-estate listings website Zillow. But the average premium over asking...
Another reason we should sell homes by live auctions.....Hat tip SM: A local developer and prominent real estate agency conspired to prey on Chinese nationals and inflate luxury home prices on the Eastside for their own profit, according to a lawsuit filed in Seattle...
It's only money! LINK San Francisco's housing market is so out of control, the new owners of a cavernous hillside home in the city offered nearly $1 million over asking in order to pre-empt a bidding war. 1 Miguel Street went into contract after just two days on the...
As the national drought in home supply dragged into its 21st straight month, competition among buyers drove prices up once again. And the fiercest competition was in the Bay Area. A new report from Redfin shows that 73.7 percent of homes sold above the listing price...
A friend is trying to buy a house on the east coast, and finds himself in.....guess what.....another bidding war. He was hoping the listing agent would give him some help. He asked, "What will it take to win?", which is a logical question. But of course, the agent...
My buyers offered full price for this house on the first day, and we were fifth out of five offers. One buyer included the escalation clause, which meant he was willing to pay $1,000 over the highest bid. It's not a great way to determine the winner if you look at it...
It's one thing to offer above the list price, but would you waive all contingencies too? I think a judge would be reluctant to have a buyer lose a deposit. Listing agents who might keep a deposit should do a pre-listing home inspection, and give a copy to anyone...
Let's have a contest for Padres tickets! Guess the sales price of Matt Kemp's house being auctioned April 20th with no reserve! He paid $9,075,000 in 2013, and it has been listed for $11,500,000. The person with the closest guess will receive 4 tickets to a Padres...
These are the best choices to help sellers achieve top dollar in a bidding war, and, at the same time, be fair to all parties:
Our local home prices are in record territory - won't that draw out more home sellers? Greed is good! But lo and behold, so far we've had fewer new listings! NSDCC New Listings, Jan-Feb Year Number of New Listings Median List Price 2013 785 $1,130,000 2014 802...
