UPDATE: Buyers Advice in an Escalating Market

742 Wildrose Way, LouisvilleAs promised we have an update for you on the escalating seller’s market in Louisville.  Buyers have been flocking to listings in Louisville and if the homes are reasonably well cared for and priced right sellers can probably expect multiple offers, most with escalation clauses, within a few days of going live on the market.  We posted about several of these properties last month and two have competed the sales process so the closing price is now public information that we can share with you.

742 Wildrose Way

Jeff showed this home to our clients only hours after it went live on the MLS.  The number of buyers and agents in the house while we were there made it look like some kind of party was about to start.  Our buyers really like this home and Jeff wrote an offer to buy and included an escalation clause, with their financial limit carefully factored into the offer.  Jeff’s prediction was the house would sell for $20,000-$25,000 over asking price.  You can read the full blog post here. Sellers signed a contract after only 3 days with a closing price of $530,000 based on a $509,000 asking price  That is a $21,000 escalation over asking price.

1358 Caledonia Circle

This lovely home is in the Parkwood neighborhood and a short walk to Lake Park and Old Town Louisville.  The house was listed at $469,900 and in the MLS description the agent confidently stated:  All offers will be presented to seller at 8:00 a.m. MST on Wednesday, 05/29.  After only 6 days on the market the house was under contract and closed for $509,900 – that’s a full $40,000 above asking price.  Even we were surprised by this one.

Market conditions like this require careful and skilled negotiations.  Emotions packaged with rapidly escalating home values means buyers and sellers need a highly qualified and experienced Realtor to guide, protect best interests and get the most value possible for them.  If you would like this kind of caring and thorough representation, please give Jeff a call at 303-579-1617.

Interested in the newest listings in Louisville?  Click here for all the listings 7-days old or newer.

 

 

I am a Boulder County real estate specialist. Over the past three years, I have earned the distinction of being named a 5280 Five Star Realtor. This puts me in the top 7% of all Realtors in the Denver Metro Area for customer satisfaction. If you would like to schedule a buyer or seller meeting with me, please feel free to call me at 303-579-1617 or contact me by email.

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