Denise Wambsganss
Realtor Your Castle Real Estate

Wednesday, August 12, 2009

Denver Real Estate Market a Sellers Market ??

Hello Everyone: Yep it's true in some price ranges it IS a seller's market in Metro Denver. True story... Today, this morning I submitted an offer for a buyer I have on a condo which is below $200,000. In one day the seller received THREE offers (one was ours). We are waiting this evening to see what the seller wants to do. This is not abnormal for properties under $200,000 as I mentioned in my last blog posting. So... if you are a buyer it might not be a bad idea to give your BEST offer in your FIRST offer and not wait to negotiate. You may never get a chance to negotiate if several offers are submitted to a seller in one day. I would suggest that you, as a buyer, are very clear on what your MUST HAVE list is and when you find it - Give a good offer and not low ball the offer. If you are not clear on what your MUST HAVE's are and you are still working with your Real Estate Agent, maybe, just maybe you need to be working with someone who spends enough time with you to find out what they are by asking you questions you might not have thought of. That is our job as your Agent - if we are doing our jobs right.... we will be able to ask questions you have not thought of. If you want to brainstorm about what you are looking for email me...

Friday, August 7, 2009

Hello Everyone: Has anyone taken their laptop in to be updated and when you got it back you could not use many of the functions??? Seems to always happen to me. I just had my laptop updated and they did a fantastic job, I would definitely recommend them. HOWEVER, there are several things I am still working on.... Like I am now unable to cut and paste articles into my blog !!! Not too happy about that. I want to apoligize to all those who follow my blog and anticipate my article. I will hopefully have this issue resolved soon.

Overall business is good in the Metro Denver area. The market below $220,000 seems to be pretty hot and beginning to be a sellers market more so than the higher end houses. In the fix and flip area anything below $200,000 seems to be getting offers within 24 to 48 hours and MULTIPLE OFFERS. It's a little crazy. My husband and I have put down a few offers and so far we keep getting overbid. I have been advising my regular buyers who are looking for homes below $220,000 to move quickly if they can. There is nothing worse than finding that DREAM HOME and not being able to purchase it because you moved too slow. Houses above $350,000 are sitting on the market and still seem to be more of a buyers market. It also depends a great deal on location. It is also VERY important to contact a Mortgage company and get prequalified - this gives you a little edge over others giving offers on a house. As usual, LOVING my job!!