October 20, 2021
Real Estate

The US housing market is so hot, buyers are going to wild lengths to get their offers accepted

Believe it or not, these are real offers. And sometimes, they actually work.

“You hear about buyers throwing sweeteners into the mix — wine, dinners — to get the house,” said Esty Perez, an agent with Knipe Realty in Portland, Oregon. “Then, along comes a buyer that is like, ‘Hold my beer.’ Let me take this up.”

Perez said one of his clients was in a bidding war on a $530,000 home, and offered $25,000 over the asking price.

The other top offer was only $15,000 over. But that buyer also threw in 10 Ether coins, which — in early May when Ethereum was trading at $3,900 — were worth nearly $40,000.

“We couldn’t beat that,” said Perez. “My client couldn’t offer any crypto to counter that. It was kind of laughable.”

In many hyper-competitive markets where all-cash offers that are well over the asking price are standard fare, buyers have found some jaw-dropping ways to stand out.


Read full article here: www.cnn.com