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Expensive_Break210 t1_iu99dpj wrote

I’m not selling but buying somewhat nearby in Farmington. I was out bid this month on a house because they paid 25% over asking price and all in cash. Listing to close in less than 3 weeks. An actual realtor could help more but if your house is very nice and is desirable it will sell very very quickly still.

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Revan995 OP t1_iu9amgg wrote

That helps a lot! We are actually considering buying in the Farmington / New Portland area. Good to keep that in mind, thank you for the warning!

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9wild9 t1_iu9lfdx wrote

Sounds like the home was priced low. % over asking doesn’t tell the whole story.

I could have a house worth $500K and list it for $400K and then go WOW I can’t bELieVe I got an offer for $100K oVeR asKing!

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Expensive_Break210 t1_iuaj9fw wrote

this is true but the place was definitely sold over it’s fair market value, in cash, with waived contingencies. 25% is not the norm for the area.

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