I’m home shopping here in Cary, NC — so we’re out and about sashaying through the living rooms of my neighbors in search for “OMG A SUPER CUTE HOME” hopefully with some FARMLAND in the middle of a city — to serve the purposes of my wife’s fanciful delights. Some of the homes “look super old” or perhaps the photos on the internets “look really bad.” The good news is, I get to travel all around — FRANTICALLY ATTEMPTING TO OUTBID — people in a real estate market on monkey steroid cocks. Just last week I was OUTBID for a home that I offered 20% ABOVE ASK. No big deal — just offer 30% above the ask next time, on top of values +55% YOY.
This is how I win.
Market related news:
I AM LOSING AGAIN, off by 1.2% because my mind is infested with kitchen cabinets and “super cute and awesome yards.” The Dow is +300, NASDAQ off by 55 — but everything is fine and good and you need to shut the fuck up about inflation you piece of shit and just begin to understand that the prices you are paying, mind you, PALE IN COMPARISON to what the brave Ukrainians are facing — as they attempt to fend off Hitler’s invasion. We all know Ukraine is Czechoslovakia and at this point simply waiting for Hitler to invade Poland to give it another go.
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The escalator clause as part of the offer is the way to go. My offer is $2,000 higher than any other offer up to 35% over the asking price. GL
You do that when I’m the seller and I’ll guarantee you pay at least 35% above ask.
What kind of strategy is this?
Build. It’s tons of fun, and with your attention to detail what could possibly go wrong ?