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Updated over 4 years ago,
Creative ideas in a hot market
Getting outbid by multiple offers all above asking here in Boise, ID... just trying to think outside the box before I throw in the towel here. First thought was to crank up the ernest money amount. I guess I just want to know what an irresistible offer looks like. Yesterday’s offer was 5k over asking and we didn’t even get a response... agent called to check in and they said they had 6 other offers and wanted to see what happens over the weekend...ugh. This is for a duplex that has coc return of maybe 5% and has only been listed for 24hrs. Last one was a 4 plex at 4.5%coc and it had 6 other offers all above asking all within 24hrs of listing. Basically I want to know what an awesome irresistible offer looks like in times like these.