Sometimes Finding the Right Home is Like Searching for a
Needle in a Haystack
The Colorado real estate market has been crazy over the past couple years. Finding the perfect affordable home for a buyer is no longer an easy task.
If buyers are trying to find a home with too many restrictions, they can search for months before the right thing comes on the market and when it does, they will typically sell for over asking price. I have seen many homes hit the market one day and have 10 offers by the close of business. How can a buyer compete in this market?
Of course, having the right Realtor to guide them through the journey is crucial. The other thing they need to do is be ready to jump and be ready to jump HIGH!
There are still lots of folks who just can’t bring themselves to pay over list for a property. Their search may take years. And then there are the folks who want to offer less than list. As a Colorado Realtor, I will write an offer at under list for a client once. When they see that the old theory of offering less for a property gets them absolutely nowhere, I let them know that we can’t take that approach again unless the home has been sitting on the market for more than 7 days.
If the home is priced right and in fair condition, it will sell within the first three days in the Denver Metro Area. Of course, there are exceptions. Some properties have restrictions as to who can purchase the property by age or owner occupied status. Other homes have major defects which most buyers do not want to take on at an inflated price.
Bottom line – Colorado buyers need be abreast of the homes as the hit the market. That means searching more than once a day for the right place. When it hits the market, they need to grab their socks and fly out the door.
photo courtesy of freedigitalphotos.net
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