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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Testimonials
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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