Advise to Sellers:
Sellers, Buyers today continue to be more educated on the Denver home market. We are in a slower time of year as traditionally the 4th Quarter relates to less home closing transactions per month than in the previous months of the year. With fewer homes available for sale, Sellers need to know where they want to live and have a plan that will allow the Seller’s home to sell.
As a Seller in the current Denver home market, you need to be aware of: (1) appraisals are now taking more time to complete, (2) Buyers are becoming more focused on smart homes, (3) renovated and energy efficient homes are a priority, and (4) healthy homes are now a new priority. Interest rate increases will impact the home market even though home price appreciation remains low.
Seller preparation includes a good pricing comparison analysis, instructions on staging, what are the top improvements, introduction to a net sheet to understand bottom line, and a conversation on how the market functions. As such, the homeowner looking to sell a home needs a professional who is a local expert, is hyper local market knowledgeable, and can assist in the Professional plan to sell one’s home.
Now is the time to reach out to a Professional. CALL YOUR RE/MAX PROFESSIONAL TODAY.
Advise to Buyers:
November is considered to be yet another great month for Buyers. This is because the prime home buying season has passed, the number of Buyers in the Denver home market will be fewer than the previous month, home prices are not increasing as fast as they have in previous months, and there are fewer homes available than in prior months.
Be prepared to act quickly, create your home buying plan, and stick to it. Home pricing will remain constant with little or no price appreciation, mortgage interest rates remain low today, even though there is every indication that mortgage interest rates will increase in the near future, and Sellers will be open to multiple offers.
Know what you want in a home, where you want to live, and what price range you can afford. Complete the pre-qualification process so you know the price range that you qualify for when you are purchasing a home.
Be prepared, manage your expectations, and be open to looking at the entire Denver market. Reach out to a professional today about your best options and opportunities to participate and success in the purchase of your “Dream” home.