In this fast paced Denver real estate market, buyers are having to make quick decisions and this can be difficult for the first time home buyers. This is the largest purchase you will make, and have heard from some - they "need to sleep on it".
At times the buyers ask --- could you find out if they have other offers? Many homes are seeing multiple offers, and the need to step up an offer is necessary if the buyers truly want the home. With more listings that came on the market a month or so ago, we are seeing less multiple offers, but if a home shows well, priced well and in a good location, they still may see multiple offers. There are times you "hear" about another offer, but is there? I did hear this earlier this year, and the home never did go under contract. If a Buyer does love the home, write on it, and show the Sellers you really want the home. When a listing agent sees an offer within a short time of the showing, it does show the Buyer means business!
I remember one home a few years ago that was on the market for almost a YEAR. It was rural, several miles out of the Denver metro area, but was a gorgeous home on acreage. Of course, when my buyer decided to write on it, the listing agent said there was another offer. My buyers and I both thought this was strange timing, and the buyers ended up offering list price. They lost the home by $1,000. There WAS another offer!
As a Denver REALTOR®, I encourage my buyers to write an offer if they love the home. This market is not seeing too many low-ball offers in the price point below $500,000 (in most cases), so if you love the home, make an offer you can live with!
Comments(22)