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Contact 2: A seller’s perspective of the crazy St. Louis real estate market

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ST. LOUIS – “We had 33 different showings on our house. We had 12 offers that came in. Out of those 12 offers, every single one of those was over asking price, which is just crazy to think about. Most of them had very few contingencies, if any,” said St. Louis County resident Tim Rhame.

Welcome to the St. Louis real estate market in 2021. Amy and Tim Rhame’s situation might not be the norm, but it’s far from the exception right now.

“It’s pretty crazy. It’s good problem to have for most sellers, but it can get nuts,” said Ben Faser, the Rhames’ realtor.

Faser counsels his clients to remain cautious despite the craziness.

“I have people reaching out to me all the time saying, ‘I’m thinking about selling my house.’ My first question to them is, ‘Do you have somewhere to go?’” he said.

A crucial question considering the latest housing report from St. Louis Realtors. Year to year, inventory is down…

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