Let’s face it: this market has its share of overbidders as the competition nears its boiling point. (Yes, that phrase is taken from Iron Chef.) But can you imagine a 43 percent overbid? It happened recently in San Francisco, according to The Front Steps.
Specifically, the property in question is located at 709 York St., a 2-bedroom, 2-bathroom single-family home. With 10 days on the market, the asking price of $799,000 was outbid by nearly 44 percent at $1.15 million.
Then there’s 152 Hancock St., which was listed at $1.1 million and received a bid of $1.58 million – that’s a 41.55 percent markup right there. And what about 82 Peralta Ave., which was listed at $998,000 and got a $1.4 million bid? That translates to a 38.28 percent overbid.
What are your thoughts on the matter?
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