We bought a house in February of this year in Florida. It was against my better judgement because we already owned a large house and could not afford to own two houses. We put our old house on the market in April. It sold in two days with 8 separate offers. All bids were for at least 15% more then asking and waived inspections and appraisals. I almost felt bad for buyers, it was very competitive and overpriced. We even had liberals come in and try to game the system and offer bonuses if we accepted their offer before giving others the chance to bid. In the end, we sold to a young couple that was obviously conservative and was not even the highest bid.
I bet at least one of those bids was from Back Rock, perhaps through a designated buyer.
God bless you... wait - how can they call you a Greedy Capitalist Pig now tho?! 😉
The RE market is quite a bit overpriced.
People are always excited to have experiences like yours... I wonder how they’ll feel when they go to the supermarket and see an 8 oz pack of potato chips on sale for $6.19? A seven dollar/gallon price for gas?
Don’t get me wrong, I’m not blaming you or anything but there is something to be said for long-term stability. If something goes wrong and the loans start getting called in there will be hell to pay!