As a (non-Texas) data point, a house I bid on in March just closed...for $1,000 less than my bid. My Realtor is trying to get details, but the guess is that it was an all cash or nearly all cash offer with a huge due diligence payment.
March Housing Data Across Texas
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Last: 2 yr ago by itsyourboypookie
Or the listing agent was on both sides of the deal.Claude! said:
As a (non-Texas) data point, a house I bid on in March just closed...for $1,000 less than my bid. My Realtor is trying to get details, but the guess is that it was an all cash or nearly all cash offer with a huge due diligence payment.
Red Pear Realty said:
I just (less than 5 minutes ago) lost my third offer in a row for a client looking in the Heights in Houston. Client is not looking for a starter home (so let's call it $500-$1M range). This last one, we bid 14% over ask, and the high bidder offered something larger, and..... all cash.
My bad