Trust your Realtor, Or why should I offer more than asking price?

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Trust your Realtor, Or why should I offer more than asking price?

Because you really really want this unit. You have been looking for over 6 months, you are running out of time and this is the deal of the century.  I know for a lot of people it sounds like I am out of my mind, why would you offer more than asking price in this kind of market?

Unit was advertised for $208,000 bank owned. It was listed around 9 am in the morning, I saw it by 10 am, called my buyer we looked at it by 11 am and made an offer for $225,000 at noon and we got the property.   You still think I am insane but you have to know that the current market value for this property was around $300,000 it had sold for nearly $500,000 4 years ago and that we only got the offer because we were the first ones to make an offer and we added and addendum to the contract that said all other offers will be treated as back up offers only.  Over the next few hours they got about 10 other offers and 3 of them were higher than ours.One came in at $260,000. A week after we closed the same unit, one floor below sold for $295,000.

Trust your Realtor, Or why should I offer more than asking price?
My point is that “in this kind of market, everything can happen and you need a Realtor that you can trust.

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