Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][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]

Hope you are renting because if the market tanks it’ll be hard to sell the condo. Maybe you could rent it out.[/quote]

We own our condo and always planned to rent it when we moved.    It has about 2200 sf and three bedrooms so it has plenty of room just not as easy as living in a house. [/quote]

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