Whitby bungalow sells for $425,100 over asking after seven buyers submit bids

The bungalow features an updated interior with new hardwood floors in the living and dining area.Agent Delila Law priced this three-bedroom bungalow under $800,000, betting that would turn out a greater number of shoppers. In just two days she received seven offers and a winning bid $425,100 over the asking price.

This 55-year-old bungalow has a classic brick façade, but an updated interior with new hardwood floors in the living and dining area and stainless steel appliances in the kitchen.

I wonder who is the stupid guy who outbid the listed price for this shitty home by $425k 😲

Fact: If a home is listed for $1 and sells for $1.2 million, that's $1,199,999 over asking

Housing reform is so overdue it's crazy. There needs to be a massive, national effort to clamp down on the rental investment market as well as an enormous injection of new homes built.

Why are we still acting surprised and writing articles about this? The “asking price” has become a meaningless number. Clearly that number was highly under valued to the current state of the real estate market. notnews

The next time I go out for groceries, another basic necessity like shelter, I’ll give the cashier double the amount of money to pay for them. 🙃🙄

This seems like normal healthy real estate behaviours? I wonder how this will end 🧐🧐

The article should be clearly condemning this. Realtors should be sanctioned for promoting 'sold for $ XXX,XXX over asking' in ads. How will those under 35 ever own a home? And I don't even mean a traditional detached bungalow with a driveway and a backyard. I mean any place.

The house not even worth the amount spent over, sickening

Didn't you hear, Whitby is the new Monaco!!

At least $425,000 seems somewhat reasonable. Places like this in Toronto going for over $1 million!

Felt hopeful again until my reading reached the word 'over'

absolutely ridiculous

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