Front Range real estate buyers are frenzied!
They watch one house after another come on the market and go under contract inside of a week. They despair at the lack of inventory and are willing to renegotiate their needs/wants with partners and themselves, to fit with what is available. It spurs real estate buyers into action… Forcing them to make buying decisions quicker and urging them compete by increasing the amount they are willing to pay.
With historically low interest rates, a person who calculates their monthly payment to determine their comfort zone for buying, can take advantage of locking in a low 30 year fixed interest rate and with it, a low 30 year fixed monthly payment. Their comfort range (and buying capacity) has increased and many people are using this increase to bid up the purchase price of a listing in the hopes of beating out the competition and securing a new place to call home along the Front Range.
For those looking to buy, it’s challenging, but ultimately rewarding. And yes, you will need to use all the tips and tricks your Realtor has to stay one step ahead of the competition and compete successfully. Your Realtor also needs to care. To hold your hand through the rejection and buy you drink when the time comes to celebrate. To encourage you to ask the questions you never thought to ask… To remind you to take time out from online house hunting and have a “date night” with your significant other. It’s a roller coaster ride and you need to trust the person who is clicking you into the safety harness, or find a new person!
For those looking to sell… Many of you have never seen a better time to cash out (and might never again) but to do it right and to take advantage of this seller’s market, you’ll want help. It requires a proven strategy from beginning to end. It’s fast moving. And perhaps most importantly… The highest price is not necessarily the best offer, so when it comes to contract contingencies, you need someone to protect your from yourself and guide you through the process of comparing multiple offers – definitely not an apples to apples kinda event!