In Northern and Southern California nine in 10 homes are
attracting bidding wars, as well as two - thirds of the homes for sale in Boston, New York City, Seattle, and Washington, D.C., the TIME magazine article notes.
As a result starter homes, typically priced at US$ 200,000 or less, are
attracting bidding wars.
She said properties are still
attracting bidding wars and selling for more than their asking prices, but by a much smaller margin — think $ 15,000, not six figures.
I believe that if a seller received a full price, non conditional offer on an obviously underpriced listing with the listing price knowingly being set to
attract a bidding war, the seller may refuse to entertain the offer in the first place and just let it die a natural death without negative legal repurcussions / opening up a path for a lawsuit.
You could even
attract a bidding war, says Steve Murray, editor of the Real Trends newsletter.
Not exact matches
The WCB
bidding war for Australia's oldest dairy
attracted international media attention and underscored the value industry players see in soaring demand for dairy commodities such as milk powders, cheese and infant nutritionals in Asia, and China in particular.
A number of houses
attract a large group of buyers and provoke a
bidding war.
The idea behind a
bidding war is to
attract competing potential buyers with enough interest that they'll increase their maximum purchase price and, ultimately, raise the final sale price for that home.
This
attracts tons of buyers and
bidding wars.
Most of the real estate activity has been between the $ 300,000 and $ 400,000 range, often
attracting multiple offers and
bidding wars primarily between younger buyers, Starck said.