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Updated over 5 years ago on . Most recent reply

Leah Brooke's profile image
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Leah Brooke
  • Member since Aug 12, 2019
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Leah Brooke's profile image
Leah Brooke's profile image
Leah Brooke
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Leah Brooke
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Denver Real Estate Forum

Making offers on multi-units— asking or above?

Leah Brooke
Posted

How hot is the Denver multi-unit market? Is it most common to offer above asking? Also, what percentage of them would you say are cash offers?

Denver, Colorado
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Mike McCarthy's profile image
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Mike McCarthy
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  • from Philadelphia, Pennsylvania
  • Member since Aug 16, 2016
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Mike McCarthy's profile image
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Mike McCarthy
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  • from Philadelphia, Pennsylvania
  • Member since Aug 16, 2016
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Mike McCarthy
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  • Philadelphia, PA
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Mike McCarthy
  • Investor
  • Philadelphia, PA
Replied

@Leah Brooke I have no idea about the Denver market, but never consider the list price as your starting price. You need to look at the comps compared to the property you’re buying and start there.

Remember, The list price is only what the person selling it THINKS it’s worth.

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