“Bidding wars have become commonplace along H Street NE, in Trinidad and in Eckington, among other areas. So have multiple cash offers and sales that soar past the asking price. In certain neighborhoods, buyers once again are snapping up unbuilt units based on floor plans. And more are forgoing inspections or appraisals.  Homes in Arlington, Fairfax and Montgomery counties — all of whose median sale prices are up more than 4 percent from last year — are reaping battlefield premiums. One Maryland couple beat out the competition by agreeing to adopt the seller’s dog.”

http://www.washingtonpost.com/local/dc-house-inspires-168-bids-in-red-hot-real-estate-market/2012/12/20/b0c37ac0-488d-11e2-b6f0-e851e741d196_story.html

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