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[quote=Anonymous][quote=Anonymous]We just sold a house ($650-750k range) inside the Beltway in Virginia, close to the Pentagon.  It went in 2 days with multiple offers over asking.  None of the offers had any type of contingencies and all had escalation clauses.  Two other houses on the block have sold within the past two months with similar scenarios.

The house we sold had no improvements.  It was a long-time rental for us and the last time we did anything to improve it was 10-15 years ago.  It is a nice house but it needs some love.  The buyers got a steal and will see a huge appreciation once they do some small renos to the bathrooms and kitchen.

The market is hot, whether you want to believe it or not.  We were surprised, frankly, at how swiftly our house sold and we buy/sell a lot of houses.[/quote]

I've noticed a lot of "more affordable" houses (esp. sfh) in S Arlington going way above ask and for higher price per SQ ft than bigger and more updated houses.  I think there is just a lot more competition for these homes.[/quote]

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