in

76 all-cash offers on one home. The housing madness shows no signs of slowing (www.cnn.com)

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 Realty Centre. There wasn’t even enough time for all of the bidders to visit the property. She said 15 offers were sight unseen.

Subscribe to our Newsletter

The best content delivered directly to your inbox.

Leave a Reply

A Step-by-Step Guide to Buying a House, for Famous People

A Step-by-Step Guide to Buying a House, for Famous People (www.vice.com)

How to Upgrade and Replace Lightbulbs

How to Upgrade and Replace Lightbulbs (www.familyhandyman.com)