Investors are out in the market. A bank owned property near The Ohio State University came for sale last Thursday. It was a huge 2000+ sq. ft 4-5 bedroom, 2 bath home! It needed work but could had rented for $1,600 a month. Offering price was $45,900.
It is under contract for over $80,000, a good old price bidding war!
Heated!!! If we can get that type of action in my backyard, I'd be a very happy man....
That's quite an overbid. Just curious what the comps sold for recently...
It must have been a great property, but hey you always have the best homes and prices. Success was inevitable.
Just goes to show that a correct price will always sell a home, no matter the market.
That is good to hear. Here in northern Vermont we are seeing multiple offers on own-occupied listings, some that have been on the market for awhile. Prices ranging from $80,000 to over $200,000.
Tom Thompson
This was really priced under the market by the bank. it is easily worth $125,000 fixed up!
Hey Joe: Twelve Offers!!! Reminds me of the "good old days" of my Metro Detroit market back in the late 90's. Back then we were all complaining of the lack of property for sale. Multiple offers were the "norm". Now,of course, we have lots of inventory and few buyers in spite of rock-bottom pricing. Oh boy!
Tom
Yes I remember those days lots of multiple offers ad homes going for over list price!
Well I wish I was. it was not my listing but i did write one of the 12 offers!
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