Housing-market bidding wars
"The place was listed at $329,900 on Jan. 21 and in four days, the sellers received 6 offers, including ours. That's right, six. We just put in our final and best offer above the asking price. What's going on here?"
We both suspect the first-time home buyer tax credit is a factor. It's set to expire after June 30, and buyers have to have signed contracts by April 30. "I know we're trying to make that deadline!" she says.
But she also notes that the house seemed to be priced right "and showed really well."
Anyone else out there seeing bidding wars, either from the buying or selling side?