Closing cash: The appraisal gap war Colorado homebuyers are losing
Bidding wars and appraisal gaps now come standard with an offer. If buyers can t bring potentially tens of thousands of dollars in cash to closing, they often can t compete.
and last updated 2021-05-21 01:14:34-04
DENVER â Colorado s real estate market is not just hot â it s on fire.
Bidding wars and appraisal gaps now come standard with an offer. If buyers can t bring potentially tens of thousands of dollars in cash to closing, they often can t compete.
The skyrocketing housing market didn t scare the Fox family at first. We re renting. We re looking to buy a house. We have two large dogs and two young kids, said Alissa Fox, who said she and her husband started making offers in February. As the time went on and we were losing offer after offer, we got more and more aggressive up to the amount that we were looking [to pay] for a house.