Housing Boom Bigger in Texas as Home Bidding Wars Erupt
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After losing his third bidding war for a Dallas-area home, Johnny Tseng offered the winner $10,000 to walk away. The buyer declined.
“I thought I made an attractive offer,” said Tseng, a 31-year-old financial analyst for a Dallas-based commercial bank. “But if I were under contract right now and somebody came along and offered me money, I would be hesitant. There just aren’t that many options out there.”