Spokane tops the nation in real estate bidding wars

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Spokane resident Kelli Saunders found the home of her dreams in two months, but it wasn’t easy.

Saunders sold her previous home in February and began looking for a new property.

She encountered eight bidding wars and lost against four cash offers for homes, some of which sold for thousands of dollars over asking price.

Saunders – with some persistence – found a home north of the Garland District.

“I decided I just loved this house and said, ‘Let’s go with everything we have on this one,’ ” she said.

She wrote a letter to the seller describing why she loved the house and ended up paying $70,000 over the asking price of $300,000, beating out another buyer with a cash offer.

“I had a low down payment, but had a lot of cash behind it,” she said.

“I came right in at $370,000. I’m one of the very few lucky ones that beat out a cash offer.”

Saunders is among several buyers in the region competing against multiple…

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