Offered by: Scott and Lora Nordby – Berkshire Hathaway HomeServices
The Denver metro real estate market hasn’t had any signs of slowing this year. Earlier in the year, when most of the state was under a stay-at-home order, demand continued to grow. is resulted in a fast-moving summer and autumn for real estate that has continued into the last few months. Next year is set up to continue this trend, so if you’re considering buying a new home, check out these tips before you start home shopping.
Know Your Limits
It’s important to get pre-approved and consider what monthly payment you’re comfortable with, so you can stay in the range that meets your budget before you begin looking at homes.
Consider looking at homes on the lower end of your budget. This gives you wiggle room to make quick counter offers in a bidding war.
The 80/20 Rule
If you look at a home that meets 80% of your requirements, make an offer. When homes are only staying on the market for days and not weeks, it’s important that you be quick to get your o er on the table. Remember, someone else looked at the home yesterday that you want to make a decision on tomorrow.
In a hot market, some real estate professionals will help you write “The Buyers Letter”. This short and sweet note to the sellers helps them put a story with the offer, which can set you apart from other bidders. Lean on your REALTOR® for help with this, as there are thing’s you’ll want to emphasize and things to avoid saying.
Get a Champ in Your Corner
When houses are bought and sold quickly, it’s important to work with someone who knows the market, knows the neighborhood, and is invested in helping you reach your real estate goals. Be sure to work with a REALTOR® who is full-time, so they are available to negotiate on your behalf when you find a house that you’re ready to make an offer on!
If you’re ready to buy a new home, call us at 303-905-8850. We can make sure you know the process, have all your questions answered, and are set up to find the home of your dreams.