Denver Market is IMPOSSIBLE!

[Lindsey Kramer]

My husband and I are looking for our first investment property.  We have put in four offers over asking price, 18 day close, waiving inspection (my husband owns his own handyman business and we have a contractor working with us) and still can't get our offers accepted. We are doing a conventional loan and keep getting beat out by cash buyers.  Any advice?

[Kurtis Fowler]

Our market is similarly competitive right now, with multiple offers on most if not all transactions. Don't deviate from your plan and be patient. Often properties that are overpriced remain on the market past the first few days of listing frenzy and may be negotiable. Your realtor would be able to send a list of properties that exceed 14 days on the market. Evaluate these properties and make offers according to your numbers, not based on list price. After losing a few multiple offer situations it's tempting to get frustrated and end up with a property that may not fit your goals, stay disciplined.