We’ve got two crazy bidding war stories to follow up on. First there was this mid-century modern home in Mercer Island that looked amazing in the photos, but in person the bedrooms were microscopic. It was listed at $1.1M and went under contract on the review date, but what’s crazy it that it closed, sold, transferred title only four days later for $200K over list price. The only explanation is a suitcase full of cash.
The second one still has me scratching my head. This Green Lake / Tangletown Bungalow was listed at $925K, went under contract and sold for $1.357M, 46% over list price eight days later. Again must have been a suitcase of cash. To top it off this home was purchased in 2014 for $875K.
If you don’t have one of these, you should get in touch with one of our lenders who can get you pre-underwritten and able to compete with cash buyers.
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