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Updated over 7 years ago,
THIS is why you should sell through a good real estate agent!
I just sold a SFR rental property for another BP'er who lives out of state - we just went on record at the Registry of Deeds a few minutes ago.
I knew that the market was very hot in Quincy, MA where the house was located, so I set the listing up specifically to orchestrate a bidding war, using a combination of timing and strategy.
I got about 65 people through a 2-hour open house. It looked like the Marines storming the beaches at Normandy (minus the blood and death, of course), landing SEVEN offers that day.
It was a 1031 exchange for my client and we had a lot of static getting the tenant out, but because I retained an attorney as my broker of record, all of it was handled with relative ease and at a low cost for my
Final tally: $59,600.00 over asking price with the high bidder waiving his home inspection contingency!