Adasi’s client, who had been frustrated after being outbid on four properties, got the house.
“Another way that I’ve found properties — actually, the way I found my own residence — if you have a buyer who likes a condo building or likes a block in the city, simply send out a letter to the owners that says, ‘I have a buyer who is looking for property in the neighborhood,’ ” Adasi said. “We always get responses, always.”
Most real estate agents say this latest trend doesn’t appear to signal a return to the crazy days when buyers were putting in escalation clauses that went way above asking price and waiving inspection and appraisal contingencies.
“I don’t think we’ll ever get to 2005, 2007. The reason I say that is because it was such an eye-opener,” Marshall Park, Redfin’s D.C. market manager, said. “I think with the [lending] restrictions we’ve put in place, the fear of what happened, I don’t think it will get to that ever again. I really don’t.