90k Over Asking On A Single Family????

[Ernest Partin]

Hello BP,

Hope all is well with everyone. 

I am in Lynn, Ma area which is basically the Boston area. The buyer competition is beyond aggressive. I have clients who get over bided on aggressive offers. 

Example: (SF)

Price: 500k

Offer: 550k, No inspection, 15 day close

We got beat out by a 90k over asking offer. 😨 This is getting ridiculous.  Boston, ma area needs a real estate correction soon, the number do not really add up for smaller investors. It is not my area of interest, I just felt I'd share this madness up here in Boston, Ma Real Estate.  🏡🤣

I do want to share, South Shore of Boston is still a good place to look into. 👍

Do you have any crazy over bid stories in this market? I would love to hear. 

Thank You for listening