That’s common where we lived previously. White hot market at a university. Bidding wars were common. The guy with the highest bid will be the hardest to work with. His price is the maximum he will pay and he’ll start grinding you down.
We sold the house, the guy next door sold his for double our price and now the Zestimate is $130k more than our price.
contract says “as-is, inspection waved” They of course can back out but there is no way they can back out and get their ernest money back. They are coming from California. Paying cash with the proceeds from the house out there. Not sure if it’s from an insurance company or just the sale of the home. but the realitor told me he actually has a list of people waiting on homes like mine (4 bed, 3 bath anchorage, large pole barn end of the road middle of no where.. but close to a major highway. 1 mile is close enough but far enough you can’t hear it) The only catches are from the state. The well has to pass a water test (it just did last fall, we do one anually just to be safe. it’s 20 bucks.) and the septic has to be compliant and working (it is, but we need an offical sign off on it)
So basically they get what it is. The water heater started leaking this morning so technically, that is their problem but since we are going to live in it for the next 4 weeks or so I am going to replace it. With the cheapest one from home depot of course lol
also thankfully 2 homes kinda close (in the same zipcode) just sold for way more than we thought ours was worth, rasing the value of ours quiet a bit. Both had less land, smaller homes, no out building and fewer bedrooms, also we have the best view as we are on top of the highest hill for 10 miles.
So ours is ringing the bell over what those sold for. our goal was to walk away with no debt. (and no home. but.. ya thats a future me problem right? we do have a year round cabin in the family we will live in until the businesses are sold/closed) if this deal goes through we will be leaving MN with 200K in the bank plus what ever we sell the businesses for.