Denver Real Estate Market - Is there another offer?

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Real Estate Broker Owner with Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# IR40011786

 Denver Real Estate Market - Is there another offer?

In this fast paced Denver real estate market, buyers are having to make quick decisions at Home for Saletimes, and this is extremely difficult for the first time home buyers.      This is the largest purchase you will make, and the need to “sleep on it” is very common.



At times my buyers ask --- could you let us know if they get an offer?     I have the conversation at this point with the buyer, would you rather be in a bidding war, or get the home at your price?      One would hope the agents are telling the truth, but have What should I Do?seen where there supposedly was an offer, but funny thing, the home never went under contract.   Each buyer reacts differently and make decisions in different timeframes.      In this Denver real estate market, currently we are seeing many multiple offers and in very few days/hours after the home hits the market.



I remember one incident a few years ago, this home was out of town a ways, and had been on the market for almost a year.    OF COURSE, after our showing, the agent called and told us there was another offer.     My buyers thought that was strange timing, and still offered lower than list price.    THEY LOST THE BIDDING WAR BY $1,000 and was the home they really wanted.     


As a Denver Realtor, I like to tell my buyers --- if you love this home, then write on it.   Today's market does not allow for low-ball offers (in most cases), so when you do offer, make it one you can live with.    If you don’tlove it, then another home will come along that works better for your needs.    This way it doesn’t matter if there is another offer or not.     

 

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Metro Brokers - House to Home, Inc.House to Home

GRI, ABR, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

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Topic:
Home Buying
Location:
Colorado Denver County Denver
Groups:
Military Relocations
Diary of a Realtor
Posts to Localism
Colorado Real Estate
Local Expert
Tags:
denver realtor
denver homes for sale
denver real estate
denver real estate market

Comments 14 New Comment

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Rainmaker
658,240
Kwee Huset
Venice Florida Homes For Sale
Kwee Huset Realty

Hi Joan, in this hot market, properties priced to sell would receive multiple offers. Normally I will ask the buyer, if you loss the bid will you regret? Most of the time it work. Have a wonderful weekend.    

August 11, 2012 03:14 AM
Rainmaker
1,321,768
Rebecca Gaujot, Realtor®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

Hi Joan, so true...buyers in Denver...if you find a home you truly want...write an offer, don't wait.

August 11, 2012 06:10 AM
Ambassador
1,177,742
Toni Weidman
23 Years Selling Homes in New Port Richey, FL
Re/Max Sunset Realty

Joan - I agree and tell them if they love the home, what are they waiting for and don't bid too low. 

August 11, 2012 07:16 AM
Rainmaker
648,577
Eileen Hsu
LICENSED REAL ESTATE SALESPERSON
Douglas Elliman Real Estate

In a hot market where multiple bids typically come in, the buyer making a quick decision is so essential.

August 11, 2012 08:14 AM
Rainmaker
1,281,949
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

It helps as the Realtor to know how badly the buyers want the house, and to guide them in the right direction!

August 12, 2012 05:10 PM
Anonymous
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Rainmaker
1,281,949

Joan Cox

Denver Real Estate - Selling One Home at a Time
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