My offer on a house in Plaza Midwood got beat by $75k over asking last month

We put in what we thought was a strong bid on a place on Clement Avenue, went $30k over the list price and waived the inspection. Found out we lost to someone who offered a full $105k over, all cash, no contingencies. It feels impossible to compete right now unless you're coming in with a massive pile of money. Has anyone actually won a house in a hot area like that recently without going totally insane?

3 comments

3 Comments

evayoung2mo ago

Is the market really that wild?

abby8362mo ago

Just saw a house down the street sell for over asking price in two days, @evayoung. The buyers waived the inspection. Who does that? It feels like people are just throwing money at any listing.

jason5623d ago

Yeah people are just guessing on houses now and hoping nothing's wrong with them...