Yesterday we closed on the sale of our Bethesda house.
We received two potential offers on the same day: offer X, which had a financing contingency, and offer .94X, which was a cash offer. We took .94 X.
The amazing thing is that the offers came within a week of listing the house. Consistent with Levitt's thesis, the agent encouraged us to take one of those first two offers. But there was an identification problem--we didn't need a lot of convincing.
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2 comments:
good for you, Richard...that's great..
- ledz -
Sometimes you cannot instantly tell if a neighborhood is excellent or bad. When the periods comes to offer or lease out, this becomes fairly obvious.
David lindahl anti scam noted in a few aspects that impact the neighborhood you purchase
Business model
Exit strategy
Location within neighborhoods
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