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You're Kidding

I made an offer on a house here in Berkeley yesterday. Within 3 hours of the offer being presented, it was rejected. Now, I wasn't shocked that we were rejected. In fact, I rather expected to be. We came in at list price of $765,000. The market has been slowing recently, so I thought we were at least being fair with that offer. Turns out we weren't. As I said, I wasn't shocked that we were rejected, but the things that did shock me were:

  • The number of offers that were made (8)
  • Where we placed in the lineup (tied with one other offer for last)
  • The final selling price (over $900,000)

Outrageous. My Realtor couldn't disclose the exact amount of the accepted offer, but it was close to if not more than $140,000 over the list price! There is no way the house was worth that much. Someone made a bad choice with that.

Posted by Lance on July 20, 2006 12:27 PM |

Comments

I've said it before and I'll say it again...there's just something terribly wrong with the state of real estate in your state!

Posted by: KJ | July 20, 2006 5:46 PM

sorry Lance, I bought it.

Posted by: adam | July 24, 2006 9:23 AM

Thanks a lot, Adam! That very nearly ruined my life. If the house mysteriously burns down, well, it wasn't me.

Posted by: Lance | July 26, 2006 10:09 AM

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