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Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We thought we had a good chance at a house in a very nice part of Alexandria and went back to the open house today. While we were there for 10 minutes, there were three other couples who were also having a second look and all of us had done pre-inspections. We just looked at each other and said "good luck." We are waiving everything and paying $75K above the asking price that was $24,000 higher than the most recent comp from November 2024. I am not sure whether to wait for the panic selling or wait each weekend and watch the prices get bid up. Any advice?[/quote] I would wait. Unfortunatley for our area, you'll be able to scoop up a deal as things get worse.[/quote] DP: We are in the same boat. Lost another bidding war today but at least we came in number 2 of 6. I have almost convinced my husband that we can stay in our condo with two kids and just wait until the market tanks to pick up a bargain. [/quote]
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