Reply to anyone knows what's going on with this CCDC listing?

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[quote=Anonymous][quote=Anonymous]Why did they pay $300k over asking in the first place. Wow, tragic.[/quote]

Unfortunately, this is all too common. Let's face it, the interests of agents and buyers are not aligned. So agents convince buyers that they must buy now (a variation of "buy now or be priced out forever," "there's no more land", "prices only go up," etc.), and convince them to use escalations and waive contingencies. But of course, all of this only benefits the agents, who just collect their commissions that much quicker. And unfortunately, all of those reasons sound much like the lies that were peddled in 2005 and they were all totally false then and likely will be proven to be false yet again.

Maybe that didn't happen here, but it is really telling that all of the buyers they supposedly competed against are gone. Did those other buyers really find other houses that quickly? Or with the benefit of time, did they realize that there was no reason to be so crazy about this particular house?[/quote]

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