Newsflash: [MA] Boston, first time home buyer putting in offer today – 35k over asking price of $479,900

We finally found a property that we like and is priced in our budget, despite being much smaller than we originally wanted. It’s only 2 bedrooms and 1 bathroom.There were about 100 people at the open houses over the weekend, and the listing agent told my realtor she is expecting about 15-20 offers. Per the recommendation of our realtor we are going to offer $515,000 on the house. I’m still not 100% confident we’ll get it, which will be disappointing.Such is the state of the Boston real estate market.Would love to hear from anyone who is in a similar situation and how the process went. How much did you offer over asking in a multi-bid situation? How much higher did you go after the first round and into the “best and final” round? Are we crazy for feeding into this hype?


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