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Updated almost 9 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Sean Mathes
  • Denver, CO
2
Votes |
11
Posts

Hot Colorado Dream Deal turns into a big mess.

Sean Mathes
  • Denver, CO
Posted

My Townhouse in Colorado under contract in Colorado. Insane Market!

I listed a rental property I purchased in 2007 here in Northglenn Colorado on Friday. The property was listed at 180k, the market here is so insane that I had 26 showings the first day and six offers, 14 showings the next day and six more by Sunday. We ended up with a bidding war. The property went under contract for 215k. 

I thought it was smooth sailing to close.....

Most Popular Reply

Account Closed
  • Investor
  • Singapore
3,225
Votes |
1,581
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Account Closed
  • Investor
  • Singapore
Replied

Something doesn't add up. You had 12 offers and none of them were as is no contingency or cash? Price is one thing but terms rule! And when the first buyers started flaking why didn't you just go back to the next highest one with the best terms? Do you have a realtor? They should be advising you through the process. Situations like this is where a good realtor really earns her pay!

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