No buyer wants to be in a bidding war, but there are many listings on the MLS that aren’t selling, and submitting an offer won’t put you into a bidding war. You might even buy them for less than their listing prices.
As I write this on Sunday, there are 1,241 active (that is, unsold) listings on the MLS within 25 miles of downtown Denver that have been active 10 or more days. There are 764 that have been active a month or longer, and 483 that have been active 60 days or longer. And it’s not as if those 483 listings are in the boondocks. The map shown here (from REcolorado) shows where they are.
As I’ve written before, any agent can set you up to receive only listings which have been on the MLS a certain number of days. It is a good way to avoid bidding wars.
Let me or one of my broker associates below know if you’d like us to set up an email alert like that for you.
Jim Smith, 303-525-1851
Jim Swanson, 303-929-2727
Chuck Brown, 303-885-7855
David Dlugasch, 303-908-4835
Ty Scrable, 720-281-6783
Andrea Cox, 720-446-8674