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The Philadelphia Inquirer
The Philadelphia Inquirer
Business
Michaelle Bond

Eager home buyers are offering Spanish lessons and cash. But signs around Philadelphia point to less competition come summer

After dozens of showings and 22 offers in one day, a Northeast Philadelphia rowhouse left the market after two days. The house was listed at $175,000 — a popular price point. The winning bidder will pay more than $210,000.

Besides paying above asking price, some buyers continue to waive home inspections. Others are offering quick settlements and letting sellers stay in homes for free for a few months while they search for another home.

One Philadelphia buyer’s offer to teach a seller Spanish sweetened a bid and was written into the agreement of sale, said real estate broker Carol McCann. Teacher and student completed the sale March 8.

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