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Elizabeth Hardy
"Your Realtor For Life"
- 2 Helpful Answers
- 20 Answers
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Experience:
REALTOR for Keller Williams Realty
April 2009—present
CEO Elizabeth Hardy Group
CEO Elizabeth Hardy Group
REALTOR for Prudential Preferred Properties
September 1993—April 1996
Realtor
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Realtor
Elizabeth Hardy answered:
I had to jump in here and respond to your question.
If you are buying in Corona this is the norm. I've written an offer as high as $100,000 over asking price and my client still didn't get the home. The buyer that wrote $90,000 with a large down payment got it.
Point being that above asking price in Corona is the norm right now. At the $480,000 price point you may have to offer more than just $20,000 extra to get the home you want. Talk to your Realtor, make sure that they are experienced and in the trenches in what's happening right now in the Corona market. I know it sounds crazy but it's the reality. The inventory of homes here is so low and it goes back to Economics 101...supply and demand. What I am telling my buyers is find out from your lender where your cap is and then look at homes about $50,000 less, so you give yourself a $50,000 cushion to go over asking price.
Feel free to call me if you want to talk more. I live and work here in Corona. I wish you the best of luck. Be patient, you'll get something.
If you are buying in Corona this is the norm. I've written an offer as high as $100,000 over asking price and my client still didn't get the home. The buyer that wrote $90,000 with a large down payment got it.
Point being that above asking price in Corona is the norm right now. At the $480,000 price point you may have to offer more than just $20,000 extra to get the home you want. Talk to your Realtor, make sure that they are experienced and in the trenches in what's happening right now in the Corona market. I know it sounds crazy but it's the reality. The inventory of homes here is so low and it goes back to Economics 101...supply and demand. What I am telling my buyers is find out from your lender where your cap is and then look at homes about $50,000 less, so you give yourself a $50,000 cushion to go over asking price.
Feel free to call me if you want to talk more. I live and work here in Corona. I wish you the best of luck. Be patient, you'll get something.
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