Hat tip to T&W for sending this along, from msn.com: Just as temperatures are starting to rise, so are multiple offers on prime properties in some recovering markets. To stand out from the pack, an increasing number of buyers are taking the old-fashioned approach...
Bidding Wars
Hotly Competitive
Hat tip to Auntie Agent for sending this along, from the latimes.com: The newest problem for the slowly improving housing market isn't a shortage of serious buyers, it's a shortage of good homes. Would-be buyers are packing open houses and scrambling to make offers on...
Bidding Wars Everywhere
Thanks to booty juice for sending this in from bloomberg.com: A week after Christine Lynch listed her house in the Brentwood neighborhood of Los Angeles for $3.625 million, she had seven offers. Within 10 days, a deal was reached for the five-bedroom, six-bathroom...
Hank HD
All buyers are sitting on the hotsheet, waiting for new listings - and when they hit, there is an early rush to check them out. It happens a lot these days that when you come across a hot new listing, there will be other people will be there looking at it too. What...
Bidding Wars Erupt
Hat tip to Mr. T for sending this along - excerpted from Bloomberg: Matthew and Carina Hensley offered $10,000 more than the asking price for a three-bedroom house in suburban Seattle, then lost out to one of seven other bidders. Their $270,000 proposal last month...
LJ Circus
For those who haven't participated in today's market conditions, this will give you a taste. First you got out and look at the houses that has been picked over by everyone else, and determined to be way overpriced. Then you track the new listings, and rush over to...
Covenant Screamer
You don't see too often - two quiet acres in the Rancho Santa Fe Covenant under $1,000,000. There were more defects to this property than were disclosed publicly:
8 Offers in December!
Listen to JtR cast seeds of doubt. P.S. We won the bidding war! Map here:
Fasten Seatbelts
Just when you think the market might be slipping into a holiday malaise...and a new listing might go undetected......this Encinitas home hit the MLS on Thursday for $539,000 (map) http://tours.previewfirst.com/virtual_tours/4920/mls/photos It's a standard 3 br/2 ba,...
FBI Probes Bid Rigging
Hat tips to Jakob and Gene for sending this along from sfgate.com: Investigators look into whether there is collusion among real estate speculators involved in the courthouse sales. Foreclosure auctions take place every weekday on the steps of courthouses throughout...