Last week one of Steamboat’s largest and most exclusive slopeside condominium projects, Edgemont, announced a whopping 30% price reduction for their next three sales. Although they have not had a sale since April, it only took five days for three buyers to seize the opportunity. Edgemont is now offering a 25% discount for the next three buyers.

First of all, this recent activity shows me there are sellers willing to discount their price to lighten their financial obligations, as well as buyers in the marketplace who are willing to take advantage of a good opportunity when it presents itself. And it appears there are going to be three more buyers who are also going to get a great deal on a luxury condominium at the base of the Steamboat Ski Area, as well! But the one thing that I can’t seem to understand is why it had to take the seller to discount the prices and advertise them to the public to make these buyers act?

As a real estate brokerage dedicated to seeking the best deal for our clients, it does not take an advertised offering to the masses for us to find a great deal for our clients. We typically suggest making an offer below list price anyway. In today’s market, if you are considering a property to purchase, if we aren’t competing with other offers, what’s to say that we create our own “special discount” and make an offer well below list price and see just how motivated a seller is. Furthermore, if a client of mine were interested in one of the Edgemont condos, I would have recommended making an offer less than the 30% advertised discount to make sure nothing was left on the table.

If you have been thinking about a Steamboat property, rather than waiting until the seller announces a discount to the general public, wouldn’t it make more sense to offer 30% below list now on a property you know is the one you want and not have to worry about competing with other buyers for the same property?

Give us a call to start your Steamboat Springs real estate search today!

Tags: consumer protection, exclusive buyer agency, steamboat real estate

This entry was posted on Monday, June 28th, 2010 at 11:06 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.