Respect the Covid Premium Price?

[Louis Zameryka]

In my area due to demand of people relocating out of NYC at least part time, homes in rural mountain areas are listing for about 30% over the market rate used in their last appraisal. Then getting multiple offers. Should I respect that Covid listing price or offer over market value just respecting the ranges of my investment math? I’m buying in the low end of the market so there is a bit of an inventory crunch in the areas I’m looking.

Any advice?