|
How To Buy A House In A Seller’s Market In Denver, our real estate market is very favorable for sellers. With the population growth we’ve experienced in the last few years combined with strong job and wage growth and declining inventory, seller’s have the upper hand in the market. With so many buyers competing for so few houses, here's a few strategies that will give you an advantage over your competition. More: Are We In A Bubble? 1. Shop Under Your Price Point Most of the houses in our market are going for list price or over list price. Start shopping houses that are priced about $20,000 below your maximum loan amount. If you’ve been pre-approved for a loan up to $300,000, you need look at houses in the $270,000-$280,000 price range. More than likely, especially around the $300,000 price point, you will be up against other offers on that property. You need to be able to offer over list price to have a shot at getting your offer accepted. It’s not uncommon for a house to sell for $10,000-$20,000 over asking price. If you’re only making offers on houses that are at your maximum price point, you can’t offer over list price, and you’re unlikely to have your offer accepted in a multiple offer situation. More: How Much Money Do I Need To Buy A House? 2. Look At Houses Now, Not Later You’re not the only one that loves the beautiful 4 bedroom 3 bath ranch with the finished basement and huge backyard that just got listed. If you wait until Saturday to go see it, it might already be under contract. In a hyper competitive market like Denver’s, its better to go see houses within 24-48 hours of being listed. Call your realtor and swing by to check it out on your way home. If you like it, ask your realtor to write an offer that night. If you write a good offer, it will be hard for a seller to forgo instant gratification and not accept it before other offers come in. 3. Adjust Your Timing To the degree that it’s possible, try to enter the market during seasonal lulls. Denver’s market is busy year round but there are still times when it’s less busy. The middle of the summer and around Christmas time tend to be much more favorable times for buyers. Many of the other potential home buyers are busy on vacation or spending time with family during these time and demand for homes slows down. Listings sit longer on the market and don’t receive as many showings or offers. Sellers are way more likely to accept an offer under asking price or compromise on other terms than any other time during the year. 4. Write Your Best Offer Especially in a multiple offer situation, its important to write a very strong offer for the seller. If you come in trying to "see what you can get away with," your offer probably won’t even be considered. Escalation clauses, unnecessary contingencies, low ball offers, and seller concessions are not recommended. For ways to write a strong offer, see the link below. More: 6 Ways To Get Your Offer Accepted 5. Be Prepared Because homes in our market tend to move so quickly, it’s essential that you come in ready to go. You should have done your research and you should also have the time and commitment necessary to undertake the home buying process. Before looking at any homes seriously, you should have a pre-approval letter from a lender, know what neighborhoods or areas you want to live in, and know what the “must haves” are in your next home. Being prepared will allow you to make decisions more quickly and keep you in the game in our fast moving market. More: Basics of Home Buying If you're looking to buy this year, I'd love to help you become a home owner. Please feel free to reach out to me with any questions! Email Me
83 Comments
2/20/2018 07:28:55 am
great work man you have post a great post it will help people very much keep it do more for people like that 7/29/2018 11:08:44 pm
It is a great website.. The Design looks very good.. Keep working like that!. 7/19/2019 05:27:10 am
I really appreciate your article, I thought that investing in real estate is more profitable as compared to investing in gold. And also there are less risk factors in real estate investment. So that’s why I personally prefer to invest in real estate. 7/22/2019 05:02:11 am
Well done. I would like to invest in gold. Could you please some ideas about how to investing in gold properly? If possible, please Keep posting. Because I would like to visit your site regularly. 7/23/2019 03:27:55 am
Hello, I really appreciate your article, I thought that investing in real estate is more profitable as compared to investing in gold. And also there are less risk factors in real estate investment. So that’s why I personally prefer to invest in real estate. 7/23/2019 10:40:05 pm
I utilized to run a small business that necessary me to produce several funds transfers weekly. Due to be able to umpteen Forex fluctuations available in the market, I needed to discover a viable platform which could afford me with all the best methods of funds transfer evaluation. 8/26/2019 01:57:06 am
I love logic. Sadly, the America-hating conspirators that seeks to destroy every trace of American cultural superiority ignore logic in favor of their relativism and infidel convenience. Logic is the disciplinarian of those of us that find ourselves on the other side, the side of illogic. We must bow to logic if we are to be a civilization or a high civilization. 9/11/2019 05:02:54 am
You have good writing style, I am also excited regarding the future of real estate market, especially when, as you said that bots will be able to match buyers to the best real estate agents. Keep on sharing such posts. 9/13/2019 07:56:36 am
I really thank you for the valuable info on this great subject and look forward to more great posts. Thanks a lot for enjoying this beauty article with me. I am appreciating it very much! Looking forward to another great article. Good luck to the author! All the best! 9/14/2019 11:11:40 pm
You have good writing style, I am also excited regarding the future of real estate market, especially when, as you said that bots will be able to match buyers to the best real estate agents. Keep on sharing such posts. 9/16/2019 09:31:15 pm
Great info! I’ve been looking for other ways to invest and your post reply helped me a lot. The real estate is a very scary and unstable path to take for me I;m so glad that you’ve written this helpful article. Keep it up! 9/20/2019 12:05:04 am
Great comments on REITS vs owning individual properties. As a real estate investor, I can attest that owning rental properties is definitely not 100% passive. REITs are a good way to diversify into real estate without any headaches. 9/21/2019 01:28:19 am
We actually just updated our trust this year–we had created it years ago, but since then a lot has changed, including having another child, selling our house and buying another one, and the couple that we had designated as guardians getting a divorce–so it was definitely time. The relief of having it all up-to-date now is huge. Your first step into the world of property management can be a challenging one to navigate; however, if you make the right moves at the right time, you can have a lucrative future ahead. Multi-property buildings offer many benefits against a portfolio of individual properties; they also can prove to be more difficult in various circumstances. Therefore, it’s vital that you take into account the different aspects before you consider investing your money. 9/22/2019 07:41:23 pm
Hello Heather, Excellent points in this article. Great post for one considering buying a first rental property. Thanks for sharing the valuable information with us and I really loved your post. Enjoyed the read and noted some important points. 9/22/2019 08:28:59 pm
10/5/2019 07:16:18 am
Thanks Rhoda for hosting the party! It was sooooo much fun! I actually looked at everyone who participated and got lots of good ideas. Can’t wait to what you have up your sleeve for us next time. Thanks again. 10/10/2019 08:54:09 pm
Hello, wow! Fantastic guide again, this is the second post that I am reading at this blog. Loved it. I’m not a rental investor lover but got some ideas while reading your this post. Now, sharing your blog with my lovely twitter community. 10/10/2019 11:58:31 pm
You have a real talent for writing unique content. I like how you think and the way you express your views in this article. I am impressed by your writing style a lot. Thanks for making my experience more beautiful. 10/16/2019 10:59:53 am
It might be useful to also look at the decline of tied homes in rural communities. Bert lives in one, as does Will - but most others in Ambridge are gone. Low agricultural wages plus lack of housing are cause serverev problems in rural communities 11/12/2019 10:46:53 pm
Your blogs are easily accessible and quite enlightening so keep doing the amazing work guys. 11/20/2019 02:48:09 am
It might be useful to also look at the decline of tied homes in rural communities. Bert lives in one, as does Will - but most others in Ambridge are gone. Low agricultural wages plus lack of housing are cause serverev problems in rural communities 11/29/2019 09:13:40 am
Hello, wow! Fantastic guide again, this is the second post that I am reading at this blog. Loved it. I’m not a rental investor lover but got some ideas while reading your this post. Now, sharing your blog with my lovely twitter community. 11/29/2019 10:13:49 am
Your first step into the world of property management can be a challenging one to navigate; however, if you make the right moves at the right time, you can have a lucrative future ahead. Multi-property buildings offer many benefits against a portfolio of individual properties; they also can prove to be more difficult in various circumstances. Therefore, it’s vital that you take into account the different aspects before you consider investing your money. 12/20/2019 09:00:04 am
Good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info. 12/27/2019 05:39:42 am
1/12/2020 10:56:02 pm
Thanks for sharing the informative post. This is very useful to buy a dream house! 1/23/2020 07:14:08 am
2/13/2020 01:14:49 am
3/13/2020 05:47:39 am
i just got your name from another blogger and i am trying to grow my business. this may be just what i need to do. i have several crafty friends so i think we could have a great show. thanks for the advice. 3/19/2020 09:39:04 pm
Nice post. I always share this post. Buy Houses Anywhere In Jacksonville And Within This Area, And At Any Price. Check Out How Our Process Works. We’re Ready To Give You A Fair Offer For Your House. You give me more info about how to reduce bounce rate in 2018.If you need more info, 3/21/2020 06:35:32 pm
3/23/2020 12:07:42 am
Not just mexico.. look tricities Washington... man gets in fight in jokers club follows the guy home kills him.. only 7 years.. 7 freaking years.. the justice system worldwide is disgusting. 4/3/2020 01:13:14 am
If you haven't been hiding under a rock lately, then you would have heard that the housing market is in decline. This is not entirely true. If you own a house in the city of Sydney, Melbourne or Perth, then yes, it's all doom and gloom however, if you own property in Brisbane, you can count yourself lucky because the market is about to turn around. 4/7/2020 11:34:11 am
Hello, Focusing on the database has become such a necessity today especially in today’s data-driven technology and internet with millions and billions data storage capacity into various storage points. It’s good to see this article start with a data set point. 6/23/2020 04:49:10 am
Will you become our next big winner?Win like, Laptop, Car, Cash, Or more. Enter in our free online sweepstakes, Free online Giveaways and Free Online contests, Don't Miss your Chance. Hurry! 6/24/2020 05:02:58 am
6/30/2020 11:50:49 pm
Hi, Savasa merupakan salah satu perumahan di Cikarang Jawa Barat yang dikembangkan oleh PT Sinarmasland. 7/11/2020 12:51:00 am
One of the most important things we can do (and should do) is to get our estate plan in place. Just like other important life tasks, our estate plan deserves our time and attention. This is very helpful to us. 7/17/2020 12:59:34 am
you said that an entrepreneur should value his freedom. We lose our focus amidst all the worries and the hunger to earn more money. The sole priority as to why we chose to be entrepreneurs is lost somewhere in the darkness. Thanks for reminding us through this blog post. 8/10/2020 12:54:06 am
11/21/2020 11:40:07 am
2/26/2021 09:29:42 pm
Hello, Focusing on the database has become such a necessity today especially in today’s data-driven technology and internet with millions and billions data storage capacity into various storage points. It’s good to see this article start with a data set point. 4/7/2021 05:01:51 am
4/10/2021 04:28:54 am
4/21/2021 09:57:58 pm
I am impressed. I don't think Ive met anyone who knows as much about this subject as you do. You are truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you have got here. 6/21/2021 04:06:18 am
6/23/2021 06:12:14 am
6/25/2021 09:07:47 am
Hello, Decent Blog. I am very inspired with your composition abilities on wellbeing subject. A debt of gratitude is in order for sharing such an educational post and I truly enjoyed it. 6/30/2021 09:00:18 am
lisa
7/12/2021 10:02:47 pm
Listproperty is a platform for organisations and private property owners in Nigeria to advertise their properties. <a href="https://listproperty.ng/">Nigeria Property</a> 7/17/2021 11:18:49 pm
One of the most important things we can do (and should do) is to get our estate plan in place. Just like other important life tasks, our estate plan deserves our time and attention. This is very helpful to us.thanks. 8/10/2021 07:54:06 am
The key is to know your investments, since no one particular one is worst than another. For most people, real estate is easier to understand because they see the asset and can better foresee risks. For others, stocks are a better way to go because information about it is actually more readily available. 10/14/2021 05:39:01 am
This particular is usually apparently essential and moreover outstanding truth along with for sure fair-minded and moreover admittedly useful My business is looking to find in advance designed for this specific useful stuffs 11/4/2021 12:00:23 am
Purchasing a property to use for rental income can have its advantages, but knowing all the in’s and out’s of such a large purchase will benefit you in the long game. You can follow Than Merrill on Twitter and get some great tips from an expert real estate investor, but first let’s take a look at some of the things that you should be thinking about before you make any commitments to buy. 11/18/2021 11:58:35 pm
This unique in fact perhaps even a very good arrange that i believe it or not in fact really enjoyed looking into. It is not necessarily consequently routine that i range from the substitute for verify a precise detail. 12/20/2021 10:41:24 am
After the improvements, it is also good to get a professional photographer to take photos of your home that will highlight the areas of your home and help to attract potential buyers. Awesome blog by the way and thanks for sharing. 12/20/2021 11:28:15 am
This particular is usually apparently essential and moreover outstanding truth along with for sure fair-minded and moreover admittedly useful My business is looking to find in advance designed for this specific useful stuffs . 3/31/2022 06:41:45 am
Yeah, technology is going to change the business market of the world as it is getting better and better day by day and helping the business owners to get a big amount of profit form the business. By using technology, they can run the business easily without the difficulties.. 4/22/2022 08:02:50 am
You can follow Than Merrill on Twitter and get some great tips from an expert real estate investor, but first let’s take a look at some of the things that you should be thinking about before you make any commitments to buy. 4/22/2022 08:12:50 am
A house might be the most important buy any character could make and the high-quality time to shop for is while the individual is financially and emotionally ready. it’s far, in any case, a massive obligation, with economic obligations that final for lots, a few years. 4/30/2022 09:31:04 am
Hello Heather, Excellent points in this article. Great post for one considering buying a first rental property. Thanks for sharing the valuable information with us and I really loved your post. Enjoyed the read and noted some important points. 6/1/2022 08:39:11 am
Is your topic specially crafted or did you download it from somewhere?A topic like yours with a couple of basic adjustements would truly make my blog sparkle. 6/1/2022 08:39:23 am
You can follow Than Merrill on Twitter and get some great tips from an expert real estate investor, but first let’s take a look at some of the things that you should be thinking about before you make any commitments to buy. 6/1/2022 08:41:40 am
This particular is usually apparently essential and moreover outstanding truth along with for sure fair-minded and moreover admittedly useful My business is looking to find in advance designed for this specific useful stuffs . 6/1/2022 10:33:29 am
Hello, wow! Fantastic guide again, this is the second post that I am reading at this blog. Loved it. I’m not a rental investor lover but got some ideas while reading your this post. Now, sharing your blog with my lovely twitter community. 6/8/2022 04:48:27 am
Great article definitely which I think will be able to draw many users prompt attention. The most beneficial pick out for me was learn about solar oven. I was not so well-known about it really. Much love and thanks for mentioned the whole procedures. Anyway, one of the home appliance repair service that I appreciate much in Ottawa, CA is Capital Appliance Repair company. Hope this will be useful for many guys here. 6/8/2022 04:48:39 am
They define your floor plan, divvying up the footprint of your space into multiple rooms. Walls support artwork, bookshelves coat hooks, mirrors, and lighting. And on top of all that heavy lifting, they play a key role in punctuating the design of your space. Leave a Reply. |
Archives
October 2017
Categories |
RSS Feed