In any event while there are those on the bord who say that the 7 offers that have been made determine the market I tend to disagree. First off maybe those people are electing to overpay. Maybe your house is worth less
Everyone offer to pay what they think a particular house is worth. So, no, they don’t think they are overpaying. You might think they are overpaying, but that just mean you think the house is worth less than they do. A house is worth what someone is willing to pay for it. If the seller decide to keep the house because other buyers don’t think it’s worth what he/she thinks it’s worth, then essentially, the seller are selling the house to themselves at the price they want.
Also, please don’t assume people on here are jealous of you because they don’t agree with you. It just make you sound pompous and arrogant. Many on here can easily buy a $1M house if they wanted to. They just don’t think the current $1M house is worth a $1M.
