Why Would I Ever Offer Full Price on a Home?
I hear that question from buyers ALL THE TIME. A few years ago, it was common practice to go in much lower than listing price when placing an offer on a home. Not anymore!
In the Denver Metro Area, Colorado, the real estate market is buzzing! Inventory of affordable homes is still way down and buyers are searching for that perfect home. Interest rates are so low, more and more buyers are getting off the fence and shopping for their dream home.
The under $300k price range is seeing an incredible amount of activity. Average days on market in this price point are under 30. Many listings are experiencing multiple full price offers. Sellers are smiling all the way to the closing table.
If you have found a home that you would be happy to call home, offer full price. Remember, the difference in your monthly mortgage payment is about $6 per thousand.
Ask yourself if you are looking for a home or a deal? If you’re looking for a deal, be prepared for a long buying process with many offer attempts. You may finally find a deal, but you may lose ten great homes in the process.