How much should you offer over the asking price?
While every listing and every local market is different, paying above the asking price is very common. So buyers should be ready to consider this when they’re making an offer.
“Sometimes listing agents intentionally price a home below market value to make it a more compelling offer,” says Philip Kranefuss, head of Real Estate in Colorado with Homie.
“This results in a buyer feeding frenzy,” he says. “And it’s not unheard of in these situations to see the winning bid come in thousands over list price.”
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