Home buyers using new weapon in the bidding wars — the ‘bully offer’

Moneyville: Section Lineup Real Estate
19 August, 2011 8:29 PM
by Susan Pigg

Home buyers using new weapon in the bidding wars — the ‘bully offer’

This week the meticulously renovated Beach home at 221 Lee Ave. sold for almost $100,000 over its $699,000 asking price and has become just the latest symbol of a housing market gone mad. (Aug. 18, 2011)

Real estate bidding wars have taken an expensive turn. For potential buyers who are frustrated by always coming up short, there’s a new purchase strategy: The bully offer.

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