North Arlington House Prices & Bidding Wars
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Anonymous
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It's amazing to see how hot the North Arlington new house prices remain many close to $3 mn or above... Hearing that some offers coming in are all cash and quick 14 day close. Hard to compete with $3mn all cash offers, when you're trying to sell first then close on the new one!
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Anonymous
| S&P 500 is up 160% since 2019. K shaped economy at work! |
Anonymous
I know it’s a pain to move twice, but if you can’t get a large bridge loan, move into a temp rental-> sell your home-> then buy. |
Anonymous
This is exactly the reason. As long as the stock market is doing well, prices will keep going up. The same story is playing out in Bethesda and Chevy Chase. With that said, January brings out the craziest buyers so you need to be patient and not go into the home-buying process acting with false urgency. Agents often egg you on to overbid and buy something as quickly as possible so that they can get their commission, but that might not be the best move for you. |
Anonymous
| OP here - not sure I can find a bridge loan large enough for an all cash deal at these prices. Will keep looking and see what comes along! |
Anonymous
| Chevy Chase is a dump tho. |
Anonymous
Spoken like a bitter troll who's priced out. |
Anonymous
What’s moving fast? I’ve been watching the market in this range in N Arlington and a ton is sitting (languishing even). Separately if you can’t get a bridge loan for that amount, $3M is probably too aggressive for your existing NW / HHI. |
Anonymous
No. We chose to live in a nicer area. But I'm glad you seem to enjoy it *winks* |