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When George Nehme, a Realtor in Colorado Springs for 27 years, sits down with clients to discuss the homebuying process, he now has to prepare them for the city’s wild market. He doesn’t sugarcoat it. There will be multiple offers. There’s low inventory and buyers are overbidding by an average of 4 percent beyond list price, which sits at a median of $400,000. Whatever amount the client is approved for, Nehme says he targets properties priced at $25,000 to $30,000 less, giving them a chance to make an offer attractive enough to be the winning bid. “They need to understand they may not get it the first time, they may not get it the second or third time,” Nehme said. “We as Realtors understand that process and we have to educate our clients ahead of time and prep them for what to expect out there.” 

United statesPikes peakEl paso countyColorado springsRichard skormanSteve schleikerGeorge nehmeRenee zentzCenters for diseaseNational association of home buildersMullin lonergan associatesPikes peak association of realtorsPikes peak associationPaso county assessor steve schleikerDisease controlCentennial state