First, stipulate that Realtors as a group are a talkative bunch.
Then, consider that listing agents (at least good ones) hold any sales details very close to the vest — at least until closing.
The result is an active rumor mill surrounding the status and disposition of a great many real estate properties.
All of the foregoing came to mind as I heard increasingly fantastic stories about a Fern Hill home that sold a few weeks ago (it is currently Pending, or under contract but not yet closed).
First, I heard that there were two offers above the asking price.
Then, I heard that the number of offers was four.
Then, I heard that all of the offers were cash, and that several were well above the asking price.
Where does the truth lie?
Until closing, only the home owner and their Realtor know for sure (sort of like that Miss Clairol commercial from the ’70’s).