Reply to Why no open house on this Falls Church property?

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Reply to "Why no open house on this Falls Church property?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In a sellers market you don’t need to have one. I didn’t realize how hot the market was until I spoke to someone who has been outbid on 3 properties where each had at least 5 offers above list within 24 hours. [/quote]

Was this recently? We bought a house about a year ago and this was definitely the case then (the house we ended up buying had one afternoon of showings, no open house, and multiple offers and our escalation clause had to go into effect -- I forget how much over list we paid, not much, but there was a bidding war, and we had lost another house that we bid on that had like 10 offers, half of them all-cash). I ask if the experience you are citing above is recent, because everyone says things have cooled a lot over the last year. [/quote]

This has been in the last month in NOVA. I was incredulous at first because I also heard how bad the economy/housing market was. I even went to one showing with her and it was packed with multiple offers already in hand. [/quote]

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