From the Globe: They offered hundreds of thousands of dollars over the asking price. But was it enough?
So many homes are selling for not just over asking that sellers whose properties go for merely full price feel they’ve failed.
The open houses for the $1.895 million brick tudor were crowded, and for anyone competing in Chestnut Hill’s tight market, the scene was daunting. Expensively dressed couples were swarming, their inspectors in tow, their Teslas and BMWs parked outside.
It was oncologist Erik Knelson’s “dream house,” and he and his wife knew what needed to be done. They waived the inspection and mortgage contingency, he said, and agreed to the seller’s request to stay in the house for 2½ months after the closing — rent free.
And, in a brief but intense bidding session, they made the decision to go over the asking price — by hundreds of thousands of dollars.
Did it work?
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