You hear all the talk in the media but how much can you really believe? Are houses really selling for more than they are worth? Selling for above what the sellers are asking for? Check out this real time data to see what is really going on in Arvada.
Since January of 2012, the average home has not sold for less than 97% of what the original list price was. And May of 2016 was the highest percentage over the list price at 101.9%. What does this say? The days of getting a “killer deal” on a home are gone, at least for now. So if you are thinking about low-balling a seller, think again. The chances of you getting outbid are extremely high.
Use a REALTOR and ask for all of the data on recently sold homes in a neighborhood. Knowing as much as you can about the home of your dreams and what other new owners are paying will increase your odds of actually owning that dream home.