Is It Worth To Bid Over The Asking Price?

How much over asking do I need to go? It's an intense market. Is it necessary to bid over the asking price right out of the gate in the Denver Real Estate Market? Market trends die out before home buyers can catch up. So, whether or not you go in swinging big, this episode may help you decide. You  may have to prepare yourself and ask the big question, "Can I have the last ask?"

Market trends die out before home buyers can catch up. So, whether or not you go in swinging big is really up to you! Communicate with your agent and ask:

• How much over the asking price should you bid?
• When will I break even?
• Is that dollar amount over ask and the time to make it back worth it for you?

These are all questions you should ask yourself when deciding if bidding $100K over ask is reasonable given your specific situation.