Lawrence and Overland Park Homes For Sale Selling For Higher Than Asking Price
According to county SOLD prices, Lawrence and Overland Park Homes For Sale are selling for higher than asking price and in some cases are receiving multiple offers.
In offers I have written for my buyers, the ones who offer considerably above the asking price, when there are multiple offers, will be awarded the accepted offer and the ones who offer just slightly over the asking price, the exact asking price, or below the asking price are outbid.
Here is an example: 3212 RIVERVIEW DR, LAWRENCE, KS 66049 was a property appraised at $220,000. It was a foreclosure that was listed at $105,000. 5 offers immediately came in and only those 5 buyers qualified in the multiple offers bidding. My buyer listened to my advice, offered much higher than the asking price, and he was awarded the accepted offer but by less than $2,000!!
This same scenario plays itself over and over in Lawrence Kansas and Overland Park Kansas homes for sale in this extreme sellers’ market that we are in due to very low inventory. We have about 12.5% of the houses available to meet the demand. (SELLERS: We need your listings!!)
The following screenshot shows actual asking prices and SOLD prices for properties in various price ranges that were all SOLD in under 3 days and where most had multiple offers submitted. Low inventory is the cause of this. Click here to find out your home’s value for FREE!
One such reason for homes for sale selling for higher than asking price could be because a buyer wants one level living. Another reason could be low inventory or very few homes for sale. Whatever the reason, now is the time for sellers to capitalize by listing their homes for sale.