Tuesday, September 29, 2009

Multiple Offers? Really?


My new listing at 4929 9th St, NW has multiple offers!  I'm flabbergasted.  Seriously.  It's very exciting.

I think we're seeing the result of the 8K closing cost credit expiring on Nov. 30th and a lack of inventory at this price point.  This house does have a ton of potential.  It also needs some major updating. 

Since this is an estate sale, it is more complicated than a regular sale.  In addition, one of the tenants has decided to excercise their first right of refusal.  I did disclose this fact as potential buyers decided to make offers.  It might take a couple of days for the dust to settle and for an offer to be accepted. 

Stay tuned to see how it progresses!

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