We are here to help you find the perfect property in the greater Denver Metro area! In the current sellers market it's important to have a real estate expert with knowledge of the homes currently on the market and Coming Soon. You can be the first to know when a property is listed that meets your specific needs. See a home you like? Call us for an in person or virtual showing today!
Please Review Our Members to learn more about our agents.
Click here to contact us for the right agent, based on your property and outlook.
Curb appeal – how your house looks to people driving by or as they walk up to the front door – can be critical to getting your house sold. A good first impression can encourage a potential buyer to take a closer look and be more willing to overlook other negatives the property may have. Just as easily, a bad first impression may be impossible to overcome no matter how attractive the inside of the house may be.
Start by imagining how buyers will see your house when they first pull up. Park where you think they will park when they come to visit and walk to the house along the same path they will take. How does the house look to you? How does the yard and landscaping look? Is the property in tip-top shape? Does it look like the paint is up-to- date and that the owners take pride in how their house looks to others? If you, as the seller, are concerned about how your home looks you can expect that potential buyers will be, as well.
Try the same experiment at dusk so that you can see if there are any negative curb appeal issues at that time of day when the lighting is different. Your first job is to repair any obvious problems so that buyers see your house in its best condition.
There are some simple things you can do at almost no or very low cost to make sure that your house makes a great first impression.
Landscaping can make a significant difference in the appearance of a home – and you don’t have to spend a fortune to make yours look beautiful. Plant some flowers to add color to your landscaping and use strategically planted bushes and shrubs to hide unsightly objects like air conditioning units, pipes or damage to the exterior of the home. And be sure to water the lawn and flowers regularly to keep the property looking inviting and well maintained.
Exterior areas often overlooked are the front door and surrounding area. Staining or painting the front door an inviting color makes a good first impression. Make sure the locks on the door all work properly and easily and that nothing appears to be loose or in need of repair.
Curb appeal also extends to the sides and back of your home. Clean up the backyard, add some landscaping if it is needed and make sure the pool, or water features (if you have them) look clean and well maintained and the storage shed in the corner isn’t on its last leg and rusting. Serious buyers will walk around your house several times so be attentive to the same issues out back and on the sides, just like you would do for the front.
For nighttime appeal you may want to add some lighting along the driveway, at the front door or on the sidewalk leading to the front entrance. Low voltage lighting can be an effective enhancement at relatively low cost.
Finally, if the house has not been recently painted or is painted your favorite color of Jello you may want to consider repainting to a more neutral color.
Whether you're searching for your first home, upgrading from a starter house, or downsizing for retirement, you're preparing to jump into the real estate market. While buying a home is often a stressful process, house hunting during a seller’s market is not for the faint of heart. In a hot real estate market, multiple offers may flood in on homes only listed for a few hours. It can be overwhelming to compete with buyers putting in cash offers above the list price without even stepping foot in a property that’s for sale.
While you think it might be a good idea to wait until the market cools off, predictions are that we may not see this market cool down for 2-3 more years. This means that now may be a better time to make that home purchase than later. Our team has been very successful this year helping our clients find great homes at reasonable/market prices, we can likely help you. Don't be discouraged about the market, let us help you find your perfect home, there are still great opportunities even in a Seller’s market.
Let's take a look at what it takes to be successful in a Seller's market. How you prepare to put in an offer during a seller's market, actions to take when you find a home, and how to handle purchase offer rejections are all part of success.
If you want to "win" and get your purchase offer noticed, be organized and proactive. Here are key items to take care of if you want your bid to stand out in an aggressive market.
1. Clarify your housing needs vs. wants.
It’s time to get serious about the "must haves" in your home search. This doesn’t mean you should compromise on what’s most important to you. But the longer your list of requirements, the more it will restrict your search and the chances of buying a house in a limited market.
Pro tip? Once you figure out your needs, rank your list from most to least important. It might be difficult, but ranking your needs will help you make a faster decision when it comes time to put in an offer or bid higher when you’re facing stiff competition. If a house meets most of your needs - but not the most crucial need(s) - you might regret buying it.
2. Get your finances in order.
There are plenty of financial tasks to check off your list before you start shopping for a new home. Some of these will take time. So, the earlier you start preparing, the better.
3. Find a responsive and knowledgeable Realtor.
In a seller's market, you need an experienced Realtor who understands what you're looking for, communicates well, knows the area of your home search, and has the time to devote to finding you a home. Consider working with a full-time Realtor and seek recommendations from people you trust.
4. Tell family, friends, and colleagues at work that you’re looking for a new home.
When you're vying for a property in a hot market, take any help you can get! You may be able to buy a home through a word-of-mouth sale rather than having to compete with others.
5. Watch for new listings and stay in touch with your realtor.
Your realtor will contact you with the latest listings. But you can also look at houses for sale online on Zillow, Trulia, or Realtor.com. Clear your calendar when it’s time to view a place that’s for sale, and be ready to put in an offer immediately if you’re interested.
6. Put in a strong, clean offer.
Your realtor will likely encourage you to put in a full asking price offer (or close to it) on a well-priced home in a hot market. They may even suggest bidding over asking in some cases. There’s no doubt that the highest bid will generally be of most interest to a seller. But solid offers with few sellers’ contingencies or demands may also be noticed and could score the win. You may also decide to put down more earnest money or guarantee the home’s sale a specific amount over its appraisal to reflect your seriousness of the purchase. For example, if the purchase price of the home is $200,000 you would guarantee the appraisal up to a certain amount, say $10,000. So if the home appraises under $200,000 but at least $190,000, you will go through with the purchase of the home by paying the $10,000 difference in cash to the seller.
7. Consider contingencies carefully.
While you should never skip a home inspection contingency (unless you're prepared to deal with the results of that decision), you may decide to limit other contingencies you’ve planned for, such as financing, appraisal, or a review of HOA documents. If you add any contingencies, consider shortening the period for them to expire to help convince the sellers that they won’t impact the sale of their property.
8. Don’t make demands of the sellers.
Try not to ask for anything extra from the sellers in a hot real estate market. Focus on getting your offer accepted and be as flexible as you can to meet the seller's needs. You can always consider offering to purchase existing furnishings or appliances from the seller after acceptance of your purchase offer.
9. Include an offer letter.
While many sellers only care about accepting the highest offer, adding a personal touch to a strong bid may be enough to create an emotional connection with someone selling their home. You don’t need to write an essay (often brevity is better), but being honest about why you want to buy their home matters. Consider including what attracted you to their property, mention any personal touches you admire, and share how you plan to make memories in your new home.
10. Be ready for a bidding war.
In a seller's market, you’ll likely end up in a multiple offer situation at some point. Negotiations are a time of high emotions. Even though you may feel the temptation to bid higher, focus on sticking to your budget. If there’s some wiggle room in your offer, you may decide to add an escalation clause up to a predetermined limit. This helps you from being outbid when you're competing with other buyers.
11. Be patient.
While you may not like the cliché, you’re in a marathon - not a sprint. Unless you have to move fast, remember that more homes meeting your needs will be listed on the market at some point.
12. Be persistent.
Some people think of house shopping in a seller's market as their part-time job. While you won't be cashing any paychecks for the time you spend looking, receiving an accepted purchase offer will be worth your effort. Keep searching house listings and stay in close contact with your realtor. As long as the market remains hot, it's necessary to continue taking an active role in the home search process.
Portions were taken from an article written by Vicki Cook and Amy Blacklock.