Location, location, location, just one block from the river! This 1 bedroom/1 bath, 748 SF cottage hit the market yesterday and already has 7 offers. My clients wrote a cash offer for $115,000 and when I called the listing agent to find out where to send the offer, she said “$115,000? Don’t even waste your time.” I knew they would get multiple offers and it would end up selling for more than list price but since when is 20% over list price a waste of time? That’s just crazy. We’re going to submit the offer anyway because we can’t rely on her word. I’m dying to see what it sells for. I initially thought it would go for $125,000 but now it sounds like it might be even higher. I’ll keep you posted. (Update 1:30pm on 6/27/11 – they now have 12 offers!!!)
