The Biggest Discounts in Boulder '22 #7

As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County. 

The following was originally published on founding broker, Osman Parvez's Twitter

Listed with a "let's test the market" price of $3.5M in Jan, the seller slashed the price 9 days later by 10%. About 3 weeks later, it finally went under contract, eventually closing for $2.65M or 15.9% below asking.

Lesson 1: Incredible views and a rare location won't spare you the cost of a wishful thinking price. 

Lesson 2:  Don't test buyer appetite at the end of a bull market. 

Lesson 3: Always negotiate on a stale listing. 

Lesson 4: Staging sells faster and for more money.

Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.  

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.