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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. There is going to be more inventory hitting the spring market. You'll get your home.[/quote] When does the spring market in the DMV start? I thought it already would have and yet there are still very few listings. Am starting to think this drought of properties will continue for much longer.[/quote]
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