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I hear that question from buyers ALL THE TIME.
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14 Comments on Why Would I Ever Offer Full Price on a Home?
Hi Belinda - Who would have thought that we'd be advocating full-price offers after the last three years? But you're absolutely right about today's market and savvy buyers would do well to heed your advice.
Hey Belinda, How things had change over the past couple of years. More people need to understand that inventory is down, so prices are going up, that means full price.
Hi Belinda --- often buyers(or their friends/relatives/co-workers) are hearing of a so-called buyers market and getting a "deal". Today in our competitive getting an offer accepted is the real deal and that may mean offering at list price or (hold your breath) more than list price -- it's all about the individual market and hiring a local and knowledgeable Realtor.
Dick, It is such a good problem to have. Things have certainly ramped up in Colorado.
Yes Will, things have changed.
Michael, I haven't seen many "over the asking price" yet but I think that will be in the near future.
Howdy and afternoon Belinda
Belinda my friend, this here sounds like some mighty fine info for Home Buyers looking in your area. Y'all do have some mighty nice homes on the market.
Have a good one
Dale in New Hampshire
Buyers market - sellers market - back to buyers market - back to seller's market.
It's a roller coaster ride - and a different one in every community.
Glad your market is booming!
Sounds like a good time to be a seller in Denver CO, Belinda. Make the most of it-you never know how long it will last.
Hi Belinda...Thank you for mentioning how little each $1,000 increase in sales price costs on a monthly basis. It is amazing to me that some people that can afford to pay the difference will walk away from a home they really want.
Kate
This is so true everywhere. How many times have I heard, "Who pays full price for a home?" The answer is that you do if the house is priced very fairly and you want to purchase it.
Belinda, we are seeing this a lot in our market right now. As a matter of fact, many homes are selling above list price. Sellers need to understand this is a great time to sell a home in certain parts of the country.
Hi Belinda,
The tide has turned! It is a seller's market in many places in the country. If you're a buyer and want a home in these areas you'd better be prepared to pay full price! It's all about supply and demand!
Good morning Belinda. Chris Ann re-bogged this and I agree with you. I never got the steal it or deal it attitude of buyers in any market. You either are ready for a home or not. I never worke these buyers once I got their agenda. Suggested.
Belinda - (included on Chris Ann's reblog) being an extended member of the Denver Metro - we here in Northern Colorado are having the same market conditions. We need a new category for statistics of homes under $350... "hours on market". This is forcing buyers to step up and act or they miss out! Great post!
Belinda, And the buyer needs to ask themseves if they are really serious about the house. If they are don't get stuck on principle and give your offer the best shot.