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The Water Cooler
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<blockquote data-quote="FullAuto" data-source="post: 3586202" data-attributes="member: 5110"><p>I closed my personal house last month. I had a full price offer within 6 hours of listing and 4 offers over asking price within 48 hours. I went with the guy that put a condition in the contract to pay the difference if it didn't appraise for the amount. I don't know what it appraised for, but there's no way it appraised for what it was under contract for. I'm a property investor and am very familiar with the area. I've put 5 more doors under contract within the past 2 weeks. It was a 1975 built house that should have went in the $120-125sq/ft range. It had a shop that would have added about $10sq/ft so $135sq/ft max. It sold for $148.50sq/ft. My realtor said pretty much all the houses in the area are going above asking price, many are not making appraisal and people are just bringing cash to close. It's stupid.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 3586202, member: 5110"] I closed my personal house last month. I had a full price offer within 6 hours of listing and 4 offers over asking price within 48 hours. I went with the guy that put a condition in the contract to pay the difference if it didn't appraise for the amount. I don't know what it appraised for, but there's no way it appraised for what it was under contract for. I'm a property investor and am very familiar with the area. I've put 5 more doors under contract within the past 2 weeks. It was a 1975 built house that should have went in the $120-125sq/ft range. It had a shop that would have added about $10sq/ft so $135sq/ft max. It sold for $148.50sq/ft. My realtor said pretty much all the houses in the area are going above asking price, many are not making appraisal and people are just bringing cash to close. It's stupid. [/QUOTE]
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