Paying Over List Price

Clients often get concerned when they are competing with other buyers in this crazy sellers market we are experiencing.  Multiple offer situations often drive the purchase price above the list price, leaving the buyers feeling frantic and nervous. It is important to consider the gift of appreciation when making the offer. It is often OK to pay more to get the house, because within a very short time, the value of the homes will go up, and the extra money you paid over list, will come back to you in equity. Currently, if you have to offer $20,000 over the list price, the forecasted appreciation shows that within 6 months you will break even again! Be wise but be courageous when competing in this strong sellers market! If you are ready to buy, sell or invest give us a call! We are your real estate one-stop-shop!

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