Hi Sash,
I understand what you mean.
A couple of weeks ago, there was a builder engages a friend (my friend is a real estate agent) of mine to sell his apartments.
The market price of the unit was about $550,000, but the builder wanted to sell it at $600,000.
My real estate agent friend didn't want to sell, becuase it would be hard to sell simply the builder was asking $50,000 above the market.
However, a client of his asked him if he has anything in that particular area for sale. My friend told his client, there is an apartment and the builder wanted to sell, but the price was way higher than the market price.
His client said don't worry I want to buy, put me in touch with the builder and his apartment.
My friend reluctantly put his client forward to the builder and warned his client the valuation would be the problem when he applying for the loan.
His client says "I don't like a bank loan, I don't need a bank loan, I will buy in cash, I like the area and I want to live in this area "
The builder sold the property, my friend got the commission, his client is happy.
Sometimes I see people over pay handreds of thousands for a property.
I never really understand it, I guess price is not always the issue.
I guess we are living in a very strange world.