Quote:
Originally Posted by bcedhk
That's a good breakdown. I guess I'm still baffled at how any buyer can splurge on an extra 300-400k to outbid a home. I'm guessing they are going into these bidding wars with a pre-approved mortgage much higher than the listed housing sales prices?
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I think it's very situational but I have friends over qualifying through their personal + business to have more ammo in case they wanna outbid for their dream home in South Van.
Pretty crazy because if you went $100k cheaper, we could slap a 911 into our garage too haha.