Bidding war on houses

[Sparky]

The little 1000sq ft shack at the end of the street went for $350,000 recently. I'm looking to leave Denver.

[Gman]

If you sell in this market, you're better off buying in another market where you can get more bang for your buck.

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[Madeinhb]

If you sell in this market, you're better off buying in another market where you can get more bang for your buck.

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This exactly. Wife and I bought 3 years ago and we are selling now. Close on Friday. Had 54 showings and 15 offers all over asking. I work from home, so we will be moving to VA. Get some land this time.

[CS1983]

This exactly. Wife and I bought 3 years ago and we are selling now. Close on Friday. Had 54 showings and 15 offers all over asking. I work from home, so we will be moving to VA. Get some land this time.

Nice! Why VA in particular? Will you be in them there hills or more toward city?

[Madeinhb]

Nice! Why VA in particular? Will you be in them there hills or more toward city?

Won't be in the hills. But probably near Fredericksburg or Richmond or in between.

It's cheaper than here and I also have a few family members there. We don't have anyone here in CO as he moved here on 2009 from CA. (We aren't the liberal ones though)

[10x]

Gman, true. Great to get a high price, but how are you better off if you have to replace with a high price home? Down sizing or moving to another market would be the answers.

[Grant H.]

Gman, true. Great to get a high price, but how are you better off if you have to replace with a high price home? Down sizing or moving to another market would be the answers.

That's his point. Sell in the crazy market, buy in a less ridiculous market.

The idea of buying land and building gives some advantage in the current market (fewer buyers are going this route).

[Gman]

Down sizing or moving to another market would be the answers.

We looked into down-sizing. Based on what my home cost me 20 years ago, it would cost me more to buy a smaller home in this market than to stay in this bigger one.


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[blacklabel]

We're looking to sell and based on stuff I've been watching, it should happen fast. Unfortunately the wife wants to stick around this area so while we'll be upgrading and getting out of Greeley, we'll be overpaying for something else.

[rjr6150]

If your wanting to buy at the low end. Checkout Sidney, NE. with Cabela’s selling out to BP and the massive layoffs. One can purchase way under market value. Now I do realize this would be somewhat of a commute for most of you.