Friday, June 18, 2021

76 all-cash offers on one home.


The housing madness shows no signs of slowing...

Ellen Coleman had never received so many offers on a house in her 15 years of selling real estate. 

She listed a fixer-upper in suburban Washington, DC for $275,000 on a Thursday. By Sunday evening, she had 88 offers.

"The offers just kept coming," she said. "I felt like Lucy with the chocolates. I'm thinking, 'This is just out of control.'"

Of those 88 offers, 76 were all-cash, said Coleman, who works for RE/MAX. There wasn't even enough time for all of the bidders to visit the property. Coleman went on to say, 15 offers were sight unseen.

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