Monday, May 04, 2015

Bidding Wars: $200,000 Give or Take [Negotiation]

by Osman Parvez
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Preliminary real estate market data for April shows 127 sales in the City of Boulder.   The vast majority sold for asking or more.    The deepest discount was 14.1% less than asking. The biggest premium was 17.9% more than asking.   Talk about a spread.   

Selling or buying?  Your choice of Realtor can't be more critical.   One Boulder buyer paid $200,000 more than asking last month (1526 Sunset).    Another paid $210,000 less than asking (300 Evergreen).    Both properties are in the same price range.   

There is no shortcut to understanding market conditions.  You have to roll up your sleeves and dig deeper. If you're a client with a buyer agency or listing agreement with us, call us to discuss market conditions specific to your price range, location, and property type.   Our goal is to help you make a smarter real estate decision. 

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

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