He was glad to hear from me and let me know there were several
offers above asking price already on the property — no surprise there!
Additionally, many houses are selling
for above their asking price in markets with low supply because of defining features such as a walk - in pantry or breakfast nook.
But if you're in this situation because multiple offers brought the offer
price above the asking price, then it might not be a bad way to go.
A variation of this method includes offering $ 20,000 or
so above the asking price, showing upfront that you're a serious buyer.
Some markets have individuals spending hundreds of thousands of
dollars above asking price and paying significant portions in cash rather than risk losing the contract.
Knowing the market was hot and this home was most likely going to see multiple offers, the buyers decided to
offer above asking price.
Further, buyers should understand that increasing their purchase
price above the asking price does not guarantee that their offer will be successful.
So far, I've looked at the October $ 65 puts and might enter a limit order good - til - cancelled (GTC)
above the ask price before I shutdown my system today.
«If there's a good property on the market, buyers need to act quickly, and yes, sometimes
bid above asking price.
In 2016 the work was put up for auction at Sotheby's New York auction house selling for $ 68,750 (hammer price with buyer's premium) well
above its asking price of between $ 40,000 to $ 60,000.
Respondents in Ontario, Manitoba and Saskatchewan were the most likely to agree to
pay above asking price wheras those in Quebec and Atlantic Canada were the least likely to participate in a bidding war.
According to eBay, there were only two bids on the historic document, but the competition was enough to bump the sale to
just above the asking price of $ 3 million, i09 notes.
That's because the gap between what rents are publicly advertised at and what they get locked in at has widened since the height of the market, when some deals were getting
done above asking prices.
Especially at times like this, I like the idea of only selling puts with limit orders that are well
above the ask price when you place the order in the hopes that a random daily price dip will trigger the trade.
Recently the lack of quality homes for sale has created higher competition in the housing market and in order to make their bids more attractive, many homebuyers are offering cash —
often above the asking price.
The highest offer is for $ 50,000
above asking price with a deposit of $ 40,000 and a condition that says subject to zoning allowing for 2 residential units to be erected on the lot, condition expires in 28 days and a closing date is 5 months from now.
Non-staged homes are more likely to require price reductions in order to sell as opposed to staged homes, which are more likely to enjoy a number of offers, possibly a bidding war or a
sale above the asking price.
This program allows people to either (a) refinance their home and get extra money to make repairs or improvements to the home or (b) a person can buy a home and get
money above the asking price to make repairs or improvements.
I worked with Stephanie and Jeff on selling my condo and we received well
above the asking price due to their negotiation skills!!!
I hate to use the phrase bidding war, but as most agents will tell you, buyers» search for bargains, coupled with tighter appraisal standards, tends to keep final sale prices at or just
slightly above asking price.
We pack the open house with people, invite a larger number of offers (
usually above asking price), and the Buyers end up telling us how much they're willing to pay.
Contracts negotiated by a real estate agent, another rehabber, mortgage broker or other person with the purchase price
raised above asking price.
It typically takes Hilco three to six months to sell a bank branch, although a recent deal closed in one week at 17
percent above the asking price, according to Kirshenbaum.
«Limited inventory in some areas means multiple bidding remains a factor; 17 percent of all homes sold
above the asking price in August, although 63 percent sold below list price.»
The home hit the market on a Wednesday and he had an all - cash, inspection - free offer that was $ 41,000
above his asking price before the end of the weekend.