Tuesday, April 14, 2015
Wednesday, April 8, 2015
Saturday, April 4, 2015
Denver Real Estate Market Update March 2015
By the numbers:
-
The inventory of available homes for sale is 3,657 homes at February
month end
-
4,065 homes came onto the market
-
3,904 homes went under contract
-
2,832 homes closed
-
Median sold price of $293,625
-
Average sold price of $344,049
-
Closed dollar volume of $974.3 Million.
Monthly Market Recap:
Single Family:
Active Inventory is 2,940
Sold Homes is 1,997
Average Price is $383,810
Median Price is $325,000
Average Days on Market is 42
Condo:
Active Inventory is 717
Sold Homes is 835
Average Price is $248,957
Median Price is $191,000
Average Days on Market is 47
Year To Date Market
Recap:
Single Family:
Sold Homes is 3,737
Average Sold Price is $372,863
Median Sold Price is $323,050
Condo:
Sold Homes is 1,565
Average Sold Price is $240,268
Market Facts:
February was a very wintry month in which the home market
survived and continued to thrive as it moves closer to the spring season.
-
Buyer demand continues to be strong.
-
Consumer confidence decreased in February to 96.4
down from 103.8 in January.
-
The top three counties for Sold properties this
month were Denver, Arapahoe, and Jefferson.
With low active inventory, Buyers expectations need to be
set in order to compete.
Mortgage interest rates fluctuated upward in February and
ended the month with a 30 year conventional rate around 3.625% and a 15 year
conventional rate around 2.875%.
Advice to Sellers:
The Denver home market remains in the top 10 home markets in
the USA and this Seller’s market continues.
A Seller’s market effectively means that Buyers exceed the number of
active listings or homes for sale. New
generation homebuyers are entering the market and have been searching the
internet for a long time period to determine what type of home and where it is
located would fit the Buyer’s American Dream.
Buyers are more knowledgeable, prepared, willing to compete,
and will always think outside of the traditional home buying process to acquire
the home of their dreams.
Lifestyle continues to be the top priority of Buyers. What Lifestyle does your home represent? Not familiar with Lifestyle, reach out to a
professional.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is an expert,
knowledgeable, and can assist in the Professional plan to sell one’s home.
Advice to Buyers:
Traditionally the prime home buying season begins in late
April. For the last two years, this has
not been the case as the prime season is starting earlier. The months of January and February are over
and they have shown the market that Buyer demands continues to be strong.
Active listings are at an all time low and even with new
listings coming on the market, the market remains very competitive. Buyers are participating in the market using
non traditional approaches to purchase a home.
Cash transactions, quick closes, and offering prices above the asking or
listed price are becoming the norm again.
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.
Wednesday, March 25, 2015
Wednesday, March 11, 2015
Tuesday, March 10, 2015
Monday, March 9, 2015
Thursday, February 19, 2015
Denver Real Estate Market Update February 2015
FEBRUARY, 2015
-
3,712 homes at January month end
-
3,592 homes came onto the market
-
3,347 homes went under contract
-
2,438 homes closed
-
Median sold price of $283,750
-
Average sold price of $329,935
-
Closed dollar volume of $804.4 Million.
Active Inventory is 2,949
Sold Homes is 1,717
Average Price is $371,324
Median Price is $318,000
Average Days on Market is 47
Active Inventory is 763
Sold Homes is 721
Average Price is $231,371
Median Price is $185,000
Average Days on Market is 35
Single Family:
Sold Homes is 1,717
Average Sold Price is $371,324
Median Sold Price is $318,000
Condo:
Sold Homes is 721
Average Sold Price is $231,371
Median Sold Price is $185,000
Market Facts:
January traditionally is a slower home market month as it is the start of a new year and the prior month’s focus was on getting homes closed prior to year end.
-
Consumer confidence increased in January to 102.9
up from 93.1 in December.
While home ownership continues to decline, household
formations have increased dramatically.
Boomerang and First Time Home Buyers are entering the home
market.
-
Mortgage interest rates fluctuated in January
and ended the month with a 30 year conventional rate around 3.375% and a 15
year conventional rate around 2.625%.
Advice to Sellers:
Is there a best season to sell your home? From a calendar or fall/winter/spring/summer
season stand point, the answer is no.
The best season to sell your home comes down to what works best for you
the individual seller. Is now the best
time to sell your home?
Lifestyle continues to be the top priority of Buyers. What Lifestyle does your home represent? Not familiar with Lifestyle, reach out to a
professional.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is a local
expert and can assist in the Professional plan to sell one’s home. Now is the time to reach out to a
Professional.
Advice to Buyers:
Is there a best season to buy a home in the Denver home
market? From a calendar or
fall/winter/spring/summer season stand point, the answer is no. The best season to buy a home comes down to
what works best for the individual Buyer.
Keeping this in mind and with the upcoming changes in the market, the
Buyer needs to be prepared.
New home construction continues to ramp up, new closing
rules will be implemented in Q2 2015, and mortgage interest rates are forecast
to increase.
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 succeed in the purchase of your
“Dream” home.
Wednesday, February 18, 2015
Wednesday, February 11, 2015
Tuesday, February 10, 2015
Sunday, February 1, 2015
Denver Real Estate Market Update January 2015
Denver Real Estate Market Update January 2015 - Record Low Inventory of Homes!
Are looking to sell your home or make a move in 2015?
Do Not Wait and miss your opportunity to sell for an incredible price! The time is now, not later in the Spring as has been the case in past years.
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
JANUARY, 2015
By the numbers:...
- The inventory of available homes for sale is 3,843 homes at December month end
- 2,220 homes came onto the market
- 2,419 homes went under contract
- 3,808 homes closed
- Median sold price of $285,000
- Average sold price of $338,335
- Closed dollar volume of $1.3 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 3,081
Sold Homes is 2,718
Median Price is $320,000
Average Price is $379,491
Average Days on Market is 46
Condo:
Active Inventory is 762
Sold Homes is 1,090
Median Price is $185,000
Average Price is $235,707
Average Days on Market is 38
Year To Date Market Recap:
Single Family:
Sold Homes is 37,271
Average Sold Price is $363,212
Median Sold Price is $305,550
Condo:
Sold Homes is 14,367
Average Sold Price is $223,831
Median Sold Price is $180,000
Market Facts:
- 2014 was a record year and there is every indication that 2015 will be as good as or better than 2014.
- December was a record month because the market did not seasonally slow down.
- Consumer confidence increased in December to 92.6 up from 91 in November.
While the inventory of homes available for sale is at an all time low, lifestyle choices continue to be the number one priority of home buyers. Mortgage interest rates fluctuated in December and ended the month with a 30 year conventional rate around 3.75% and a 15 year conventional rate around 3.0%.
Advice to Sellers:
2015 is here and the year starts with 2 lows! The lowest number of homes available for sale and the lowest mortgage interest rates since May, 2013. What is a seller to do or be aware of? The top five answers are affordability, mortgage availability, interest rates, number of homes available for sale, and new home builders.
Affordability refers to whether or not one’s home meets the criteria of a home Buyer and the pricing is appropriate for the market. The availability of homes for sale will impact the seller when the current home is under contract and whether the Seller can find a new home. Interest rates are expected to increase starting in the second quarter of 2015. Lastly, new home builders are projecting to build 25% more homes in 2015 than they were able to build in 2014. The Denver home market is expected to be in the top 10 home markets in 2015 because of job growth and an overall good economy.
Are looking to sell your home or make a move in 2015?
Do Not Wait and miss your opportunity to sell for an incredible price! The time is now, not later in the Spring as has been the case in past years.
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
JANUARY, 2015
By the numbers:...
- The inventory of available homes for sale is 3,843 homes at December month end
- 2,220 homes came onto the market
- 2,419 homes went under contract
- 3,808 homes closed
- Median sold price of $285,000
- Average sold price of $338,335
- Closed dollar volume of $1.3 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 3,081
Sold Homes is 2,718
Median Price is $320,000
Average Price is $379,491
Average Days on Market is 46
Condo:
Active Inventory is 762
Sold Homes is 1,090
Median Price is $185,000
Average Price is $235,707
Average Days on Market is 38
Year To Date Market Recap:
Single Family:
Sold Homes is 37,271
Average Sold Price is $363,212
Median Sold Price is $305,550
Condo:
Sold Homes is 14,367
Average Sold Price is $223,831
Median Sold Price is $180,000
Market Facts:
- 2014 was a record year and there is every indication that 2015 will be as good as or better than 2014.
- December was a record month because the market did not seasonally slow down.
- Consumer confidence increased in December to 92.6 up from 91 in November.
While the inventory of homes available for sale is at an all time low, lifestyle choices continue to be the number one priority of home buyers. Mortgage interest rates fluctuated in December and ended the month with a 30 year conventional rate around 3.75% and a 15 year conventional rate around 3.0%.
Advice to Sellers:
2015 is here and the year starts with 2 lows! The lowest number of homes available for sale and the lowest mortgage interest rates since May, 2013. What is a seller to do or be aware of? The top five answers are affordability, mortgage availability, interest rates, number of homes available for sale, and new home builders.
Affordability refers to whether or not one’s home meets the criteria of a home Buyer and the pricing is appropriate for the market. The availability of homes for sale will impact the seller when the current home is under contract and whether the Seller can find a new home. Interest rates are expected to increase starting in the second quarter of 2015. Lastly, new home builders are projecting to build 25% more homes in 2015 than they were able to build in 2014. The Denver home market is expected to be in the top 10 home markets in 2015 because of job growth and an overall good economy.
Monday, January 26, 2015
Wednesday, January 7, 2015
Wednesday, December 24, 2014
Denver Real Estate Market Update December 2014
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
DECEMBER, 2014
-
The inventory of available homes for sale is 4,821 homes
at November month end
-
2,790 homes came onto the market
-
3,408 homes went under contract
-
3,506 homes closed
-
Median sold price of $280,000
-
Average sold price of $328,857
-
Closed dollar volume of $1.2 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 3,857
Sold Homes is 2,523
Median Price is $314,250
Average Price is $364,274
Average Days on Market is 39
Condo:
Active Inventory is 964
Sold Homes is 983
Median Price is $189,900
Average Price is $237,954
Average Days on Market is 33
Year To Date Market
Recap:
Single Family:
Sold Homes is 34,449
Average Sold Price is $361,896
Median Sold Price is $305,000
Condo:
Sold Homes is 13,191
Average Sold Price is $222,872
Median Sold Price is $180,000
Market Facts:
While the market continues the seasonal slowdown; Buyers
remain in the market and when they find the “American Dream” home, they proceed
and make an offer with the intent of purchase.
-
Consumer confidence decreased in November to 88.7
down from 93.8 in October.
-
While the inventory of homes available for sale is
at an all time low, lifestyle choices continue to be the number one priority of
home buyers.
-
Mortgage interest rates fluctuated in October
and ended the month with a 30 year conventional rate under 4% and a 15 year
conventional rate around 3.0%.
Advice to Sellers:
2015 is around the corner and as a Seller, what can you
expect from the Denver home market? Let’s look at the 2015 forecast for the
Denver home market:
-
Buyer demand will continue to be strong,
-
Price appreciation will not be as great as in
2014; but still should be between 3% and 5%,
-
New household formations will increase and multi
generationals will be in the market,
Millenials and First Time Home
Buyers will participate in the 2015 home market,
-
The Denver home market is expected to be in the
top 10 home markets in 2015,
-
Newly built rental properties will be available
and compete with the Denver home market,
-
Interest rates are expected to increase in 2015
to around 5%, and
-
New home builders are expected to increase their
new home production by 25%.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams.
As such, the homeowner looking to sell one’s home needs a
professional who is a local expert, and can assist in the Professional plan to
sell one’s home.
Advice to Buyers:
2015 will bring increased mortgage interest rates, changes
to the mortgage lending process, lower price appreciation, and an increase in
household formations. Additionally, the number of Buyers will increase due to
the Millennial generation and First Time Home Buyers.
Create your home buying plan and stick to it.
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 succeed in the purchase of your
“Dream” home.
Wednesday, December 17, 2014
Friday, November 21, 2014
Wednesday, November 19, 2014
Denver Real Estate Market Update November 2014
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
NOVEMBER, 2014
By the numbers, the inventory of available homes for sale is:
-
6,066 homes at October month end
-
4,406 homes came onto the market
-
4,411 homes closed
-
Median sold price is $275,000
-
Average sold price is $324,030
-
Closed dollar volume of $1.43 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 4,802
Sold Homes is 3,104
Median Price is $307,500
Average Price is $362,333
Average Days on Market is 36
Condo:
Active Inventory is 1,264
Sold Homes is 1,307
Median Price is $185,000
Average Price is $233,063
Average Days on Market is 30
Year To Date Market
Recap:
Single Family:
Sold Homes is 31,774
Average Sold Price is $361,801
Condo:
Sold Homes is 12,141
Average Sold Price is $221,610
Market Facts:
-
Consumer optimism remains high (82%) in the
housing market and gives every indication that while the market is seasonally
slowing, the year will end strong.
-
-
Consumer confidence increased in October to 94.5
up from 89.0 in September.
While the inventory of homes available for sale remains low,
lifestyle choices continue to be the number one priority of home buyers.
Mortgage interest rates fluctuated in October and ended the
month with a 30 year conventional rate under 4% and a 15 year conventional rate
around 3.0%.
Advice to Sellers:
The holiday season is here.
As a Seller, there are fewer homes on the market as competition to your
home. Buyers remain in the market; but,
the number of homes sold or closed slow down this time of the year. Keep in mind that Buyers do not stop looking
when they are in the market.
What is the one new thing that Buyers look for in a home,
well it is smart home technology.
With a month plus left in 2014, what should a Seller do
during this holiday season? Let’s start
by learning market values in your neighborhood followed by evaluating the
physical condition of your home and those items that will leave a lasting
impression with Buyers. Next, learn the
competitive value of your home and become aware of the pricing movements in
comparable homes this time of the year.
Create your home selling plan and live by it.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is a local
expert and can assist in the Professional plan to sell one’s home. Now is the time to reach out to a
Professional.
Advice to Buyers:
The holiday season is here and as a Buyer, there are fewer
homes available for sale. Buyers should
not stop looking during this time period.
Your Dream Home may be available today and this is the season of less
competition from other Buyers. Sellers
will be open to fair market offers.
Create your home buying plan and stick to it.
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 succeed in the purchase of your
“Dream” home.
Tuesday, November 4, 2014
Saturday, November 1, 2014
Wednesday, October 22, 2014
Tuesday, October 21, 2014
Denver Real Estate Market Update October 2014
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
OCTOBER, 2014
By the numbers:
-
The inventory of available homes for sale is 6,777
homes at September month end
-
4,861 homes came onto the market
-
4,608 homes closed
-
Median sold price $274,000
-
Average sold price $317,773
-
Closed dollar volume of $1.46 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 5,427
Sold Homes is 3,247
Median Price is $310,000
Average Price is $360,240
Average Days on Market is 33
Condo:
Active Inventory is 1,350
Sold Homes is 1,361
Median Price is $179,900
Average Price is $216,459
Average Days on Market is 28
Year To Date Market
Recap:
Single Family:
Sold Homes is 28,556
Average Sold Price is $361,859
Condo:
Sold Homes is 10,789
Average Sold Price is $220,198
Market Facts:
Seasonality continues to have an impact on the market; but,
to a lower degree than in prior years. Consumer confidence decreased in September
to 86.0 down from 93.4 in August. While the inventory of homes available for
sale remains low, lifestyle choices continue to be the number one priority of
home buyers. Mortgage interest rates fluctuated in September and ended the
month with a 30 year conventional rate around 4% and a 15 year conventional
rate around 3.125%. The fall season is here and the market continues to show
its strength.
Advice to Sellers:
The fall housing market is expected to be seasonally strong,
despite buyers showing greater signs of being conservative in their home
purchases. There still remains a desire
for an increase in the homes available for sale. Buyers are more cautious and sticking to
their lifestyle choices and budgets for purchasing a home.
With homes continuing to be absorbed faster than homes
coming on to the market, what will help you make your home a memorable
home? In a recent nationwide survey of
buyers, prospective home buyers are looking for accessibility (#1), a special
function room such as an outdoor living room, a mud room, or an in-law suite,
and does your home have the availability to add more space and features.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is knowledgeable,
and can assist in the Professional plan to sell one’s home.
Advice to Buyers:
The fall season is here and the Denver home market is
showing seasonal cooling, as is the weather.
Now is the time to continue the home buying focus on lifestyle priorities
and the home purchase budget. Keep in
mind that “forecasts” indicate/predict that mortgage interest rates will climb
by up to ½ %. Be prepared and look at
locking in a rate prior to active home looking.
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
Tuesday, October 14, 2014
Saturday, September 27, 2014
Denver Real Estate Market Update September 2014
7 COUNTY METROPOLITAN DENVER MARKET UPDATE
SEPTEMBER, 2014
Market Metrics:
By the numbers:
-
The inventory of available homes for sale is 7,227
homes at August month end
-
5,426 homes came onto the market
-
4,855 homes closed at a median sold price of $275,500
-
Average sold price of $329,399
-
Closed dollar volume of $1.6 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 5,788
Sold Homes is 3,488
Median Price is $312,250
Average Price is $372,684
Average Days on Market is 29
Condo:
Active Inventory is 1,439
Sold Homes is 1,367
Median Price is $182,000
Average Price is $218,955
Average Days on Market is 24
Year To Date Market
Recap:
Single Family:
Sold Homes is 25,157
Average Sold Price is $362,510
Condo:
Sold Homes is 9,376
Average Sold Price is $220,839
The above
representation for Single Family and Condo includes real estate activity in the
counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.
Market Facts:
With the end of August behind us and fall around the corner,
the market remains strong; but, yet the market is showing a seasonal slowdown.
-
Home affordability increased in August.
-
Mortgage interest rates were lower in August
with a 30 year conventional rate around 4%.
-
Consumer confidence increased in August to 92.4
up from 90.3 in July.
Overall, the Denver home market continues to have less than
a two month supply of homes available for sale at the current sales rate.
Advice to Sellers:
In the Denver home market seasonal slowdown is here and yet
the market is expected to stay strong for the remainder of the year and
possibly set several records again this year.
Now is the time to look as if you were a Buyer. What stands out and what does not stand
out? Is it time to de-clutter, update
your home, possibly do some remodeling, or change the curb appeal?
With the season changing, the market will change also. The frenzy of multiple offers seen earlier in
the year will be more moderate and buyers will continue to make offers on homes
that meet their lifestyle criteria. The
market will continue strong to year end; but, will slow down and fewer
transactions will be finalized on an ongoing basis.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is a local
expert, is knowledgeable, and can assist in the Professional plan to sell one’s
home. Now is the time to reach out to a
Professional.
Advice to Buyers:
Three plus months remain in 2014. If you are a Buyer, you will see a slowdown
in the market even though it will continue strong. There may be more homes available for sale;
but, Sellers will be expecting to receive premium price offers for their home.
The market has shown for the last two years that even with
the seasonal slowdown, it continues to be a good time to look for a home and
purchase the home of your dreams.
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
Thursday, September 18, 2014
Wednesday, September 3, 2014
Wednesday, August 20, 2014
Denver Real Estate Market Update August 2014
Market Metrics:
By the numbers:
-
The inventory of available homes for sale is 7,410
homes at July month end
-
6,211 homes came onto the market
-
5,266 homes closed
-
Median sold price is $282,500
-
Average sold price is $332,764
-
Closed dollar volume of $1.75 Billion.
Monthly Market Recap:
Single Family:
Active Inventory is 5,846
Sold Homes is 3,833
Median Price is $315,000
Average Price is $373,662
Average Days on Market is 28
Condo:
Active Inventory is 1,564
Sold Homes is 1,435
Median Price is $185,500
Average Price is $223,551
Average Days on Market is 26
Year To Date Market
Recap:
Single Family:
Sold Homes is 21,544
Average Sold Price is $361,032
Condo:
Sold Homes is 7,958
Average Sold Price is $221,143
Source: Metrolist, Inc./ReColorado.com – August 6,
2014
The above
representation for Single Family and Condo includes real estate activity in the
counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.
Market Facts:
-
The market frenzy has reduced and both buyers
and sellers are more cautious. Interest
rates remain under 5%.
-
First time home buyers are coming back into the
market and new household formations are happening. The prime season is almost over and school
has started.
-
Consumer confidence increased in July to 90.9 up
from 86.4 in June.
Advice to Sellers:
Change continues, the prime season is almost over, and
school has started. Is now the time to
list your home or if your home is listed; what does a seller do?
Previously the Sellers advice has touched on the basics of
know your market, know your competition, know pricing, know buyer’s wants and
needs, declutter, upgrade where necessary, maximize curb appeal, and be
prepared.
With the season changing, the market will change also. The frenzy of multiple offers seen earlier in
the year will be more moderate and buyers will continue to make offers on homes
that meet their lifestyle criteria. The
market will continue strong to year end; but, will slow down and fewer
transactions will be finalized on an ongoing basis.
If your home is on the market or will be soon, how do you
satisfy a buyer’s need resulting in the successful sale of your home? Let’s not forget that buyers have done their
homework, know exactly what they want in their new home, and will only compete
for the homes of their dreams. As such,
the homeowner looking to sell one’s home needs a professional who is a local
expert, is hyper local market (neighborhood) knowledgeable, and can assist in
the Professional plan to sell one’s home.
Advice to Buyers:
The prime season is ending and fall is around the
corner. What will the market look like
for the remainder of the year? How can
Buyers compete in this ever changing market?
Will there be more homes available for sale? What will be the impact on pricing?
The market will continue strong; but, will slow down as
fewer transactions will be finalized.
Now continues to be a good time to look for a home and purchase the home
of your dreams as the inventory of homes will start to increase moving into the
Fall.
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
in different areas.
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