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Real Estate
Reply to "Homes Selling Before Open House"
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[quote=Anonymous][quote=Anonymous]Using Potomac as an example, there were only 22 homes sold last month, with a median 7 days on the market. https://www.redfin.com/city/25423/MD/Potomac/housing-market A house sold in 4 days last week, and the open house was cancelled. Buyers lost opportunities to bid, and the seller potentially lost better offers. I don't get it. Are these houses sold offline, and then belatedly reported as listed and sold? How do buyers even find out about houses before they are gone?[/quote] I can tell you what my brother did. The minute the listing alert hit his phone he contacted his realtor who galvanized the contractor, inspector and arranged a showing the same afternoon. They submitted a no-contingencies offer the next morning for $200k over asking but the property was underpriced to start with. It was an estate sale, the sellers were satisfied with the price and terms and it went pending immediately. [/quote]
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