How Not to Win a Bidding War [Due Diligence]
by Osman Parvez
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The most attractive listings in Boulder, priced appropriately and marketed professionally, attract multiple offers. Yes, even in this market.
One way to increase the attractiveness of your offer (without increasing the price) is to limit the inspection (usually to health and safety items, or to a specific price threshold). Tightening up the inspection can help you win the bidding war, but forgoing the inspection entirely may cost a lot of money down the road. This is why.
The service life for cast iron sewer pipes is 50 to 75 years. As the years go by, these pipes will rust away from the inside. Much of South Boulder was built in the 1950’s, which means if the sewer pipe hasn’t already been replaced, it will likely will need an expensive repair in the near future.
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Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
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.
Testimonials
How Not to Win a Bidding War [Due Diligence]
by Osman Parvez
—-
The most attractive listings in Boulder, priced appropriately and marketed professionally, attract multiple offers. Yes, even in this market.
One way to increase the attractiveness of your offer (without increasing the price) is to limit the inspection (usually to health and safety items, or to a specific price threshold). Tightening up the inspection can help you win the bidding war, but forgoing the inspection entirely may cost a lot of money down the road. This is why.
The service life for cast iron sewer pipes is 50 to 75 years. As the years go by, these pipes will rust away from the inside. Much of South Boulder was built in the 1950’s, which means if the sewer pipe hasn’t already been replaced, it will likely will need an expensive repair in the near future.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
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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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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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
