Market Advice for Buyers and Sellers

Some advice for the sellers and buyers navigating this market. 

You've probably seen that the real estate market in the Denver Metro area is absolutely crazy. Homes are selling for 10% to 20% more than they did last year. If you’re looking to buy a house in this market, you might be wondering how you can afford it. On the other hand, sellers are probably wondering how to get the most out of their sales. Today I’ll go over a few tips for sellers and buyers alike.

If you’re a seller, you have an incredibly appreciated asset, and you should try to maximize your equity. We can give you staging advice so that you can present your house in the best light possible and attract tons of buyers. The more buyers see your home, the more money you’ll receive. However, if you don't want a bunch of people coming through your house, we can market your home to our personal database of buyers. We have over 70,000 people in our database who are actively looking to buy homes. We can find 10 buyers willing to offer a great deal without all the showings.

Homes are selling for 10% to 20% more than they did last year.

If you're looking to buy a home right now, the market is tough, but we have three easy steps to help you tame the market:

1. Get pre-approved first. Unless you're paying cash, you want to get pre-approved with a local lender. If you find a house you like, you can go in and confidently make an offer knowing that you have a loan secured and can get that offer to closing.

2. Bring your A-game. Make competitive offers that can truly win in this market. That might include paying over the appraised value, waiving some aspects of your inspection, or offering a quicker closing. We've had a great average of getting houses under contract in multiple-offer situations.

3. Have staying power and patience. Even if you're making great offers, you might have to make five or more before you get the house that you want. Be okay with making offers on multiple properties and losing out on homes. If you're not getting those first few offers, stick with it and have the patience to find an even better house.

If you have any questions about selling or buying, reach out to us via phone or email. We’re happy to help you navigate this crazy market.