Competitive Condo Under Contract

[Tripp Howell]

I was able to get a client under contract on a highly competitive condo unit in the Denver market at asking price in the 250k price range.  In this market, we're seeing multiple offers (15-20 offers is normal) and the winning offer can be upwards of 10k-20k over asking price, with appraisal guarantees and waiving inspections.  We had a bad weather weekend and the perfect unit for my client fell out from UC the day a storm hit.  We went out there in the bad weather to view the condo when nobody else would and made an offer at asking with no appraisal guarantees or waiving inspection.  Our offer was accepted because we were the only ones to view the property.  According to the listing agent, they had numerous agents asking to see the condo after the storm cleared, our hard work paid off! 

[Garry C.]

Congrats @Tyler Howell. I just got one in Denver under contract today too. I'm pretty excited to get a second rental property under my belt, can't wait to close later this month. My goal was to add two doors this year, so I'm halfway there. Really happy to have been able to get something local in this market.