Source: MPA —
In America’s wealthiest county, when homes sell above list price, they sell for as much as $500,000 over asking. Kristi Hardy (pictured), VP and senior loan officer at Atlantic Coast Mortgage, has been seeing this demand firsthand in her local market of Loudoun County, Virginia, America’s highest-income county per-capita.
To gauge just how wild things have been, she took a straw poll via her Facebook page, asking local real estate and mortgage professionals just how much their clients have had to offer over list price recently. In more than 60 replies she saw offers six figures over asking, with appraisal and financing waivers, that didn’t win out.