Shifting Real Estate Market Trends Denver
This month’s Denver market report focuses on shifting real estate market trends Denver. In this video, Realtor® Sam Wilson explains home sales statistics from the Denver Metro Association of Realtors February Market Report.
Watch the February 2022 Market Report from Realtor Sam Wilson
More Videos for Homebuyers and Home Sellers are on Sam’s YouTube Channel
Potential homebuyers or home sellers, listening to doom and gloom news reports, may be shy about taking the next step to make an offer on a home or list a home for sale. The reality is that you don’t have to wait if you focus on creating a plan today so that you can buy or sell when you’re ready.
If you are thinking about buying or selling, are you ready to buy or sell tomorrow? If not you may be missing out on real estate opportunities.
Consulting with Sam Wilson, a real estate specialist, provides homebuyers and sellers a roadmap to help you take advantage of opportunities in the real estate market at the best time for you. In real estate as in many areas of life, according to Bobby Unser, race car driver, “success is where preparation and opportunity meet.”
Who is Buying Houses?
Let’s begin answering the question on everyone’s mind. Cash buyers and buyers with mortgage loans are succeeding in buying homes in the Denver metro area. Homebuyers include:
- Parents with cash who help their adult children buy a home
- Homeowners with substantial equity in their homes who sell and buy a replacement home
- Families and individuals who relocate to Denver for employment
- Investors who scoop up property for cash and convert condos, townhouses, and single-family homes into rental properties
- First time and repeat buyers who have a plan and are prepared to take advantage of the opportunity to buy the right house at the right time
What Does Having a Plan to Buy or Sell Mean?
Having a plan to buy or sell means that you are prepared to sell or buy tomorrow and move into your next home. While many like to think they’re ready when it comes down to making the decision there can be a lot of details to manage.
10 tips to avoid homebuyers remorse
Being ready to buy or sell a home means that you’ve taken all of the necessary steps to be in a position to make attractive offers to home sellers. Learn about common first-time home buyers mistakes in Sam’s blog post 10 Tips to Avoid Homebuyers Remorse and how to be ready to buy.
Even if you’ve already bought your first or second home and are looking to sell and buy again, these tips will help you make the right steps to prepare to buy at the right time for you. Whether you’re planning to buy or sell, creating a plan that you can implement over weeks or months can can raise your chances of getting the ideal home with the shifting real estate market trends in the Denver metro area.
8 tips to get your house ready to sell
Creating a plan to sell is a similar strategy as working a plan to buy The goal is for home sellers is to make their homes more attractive to homebuyers and be ready to move as soon as an offer is made and accepted.
Sam’s blog post, How to Get Your House Ready To Sell, offers eight tips to create a plan to move forward to sell your home at the right time for the best price. If you’re like many homeowners, you have years of stuff collecting in your basement, attic, and other rooms in your home.
There may also be repairs that you’ve been putting off. There’s no time like the present to take action to get your home in sell-ready condition.
Going through belongings and making home repairs takes time. If you’re thinking of selling, decide on the date you’d like to put your home on the market and work backward.
This way, you will avoid the pressure of rushing to complete repairs. You can give away items that others might find useful. And you’ll have time to begin searching for your next home.
Creating a Buy or Sell Plan Today Avoids the Pressure to Buy or Sell
Having a buy or sell plan relieves the pressure of feeling that you must buy or sell today if you have some work to do to update your home or increase your credit score. While some unexpected events like having a baby may add stress to finding a larger home, others like permanently working from home may be easier to manage.
One of the first steps is to establish a relationship with a real estate specialist you can trust to help you through the steps of getting your home ready to sell. Realtors on the Sam Wilson Home Selling team can offer updates about home values in the area and homes sold, all the while showing you homes in the area where you want to live.
With less pressure to buy or sell, you can set aside the emotions many home buyers or sellers experience when they are unprepared. Instead, having a sound thought-out plan and working with a realtor you trust can help you find the perfect home that meets your personal and financial goals or sell your home and transition to your next property.
Where Preparation and Opportunity Meet
Ignore the hype about shifting real estate trends and focus on what’s most important to you. For example, maybe you want a larger house for a growing family or a work-at-home arrangement. On the other hand, perhaps the home you’re living in is too large. You no longer need all the space, which makes downsizing to a smaller house your plan.
While some buyers will get comfortable with the idea of bidding and overpaying for a home, this isn’t usually a good strategy unless you’re expecting to live in the home for more than ten years. When you buy too much house— with a mortgage that you’re struggling to meet then your dream home may become a nightmare.
If you’re a home seller you may be concerned about selling and buying a more expensive home. In addition, the timing of buying and selling may be a concern.
Today, it’s possible to buy your next home before you sell with programs that remove the stress and risk of selling your home and having to rent and then move again. If you’ve been planning to buy or sell and you want a plan and a timeline, the Sam Wilson Home Selling Team is ready to assist.
After you’ve created your buy or sell timeline, work with your realtor to look at homes. This process can help you become realistic about your budget and what you want to spend. Next, work with a loan officer to determine a reasonable monthly mortgage payment if becoming a cash buyer isn’t an option.
Shifting Real Estate Market Trends Denver
Each month, Sam Wilson updates Denver real estate trends with a video and article documenting the shifting market for homebuyers and home sellers. So avoid the news hype and return to this blog for reality based updates.
Start Today to Create Your Buy or Sell Plan
Get expert real estate advice from the Sam Wilson Home Selling Team to create your home buying or selling timeline. Work with agents who prioritize your needs and share their expertise to make the home buying or selling process as stress-free as possible. With a plan and a trusted real estate advisor, you will feel in control of the choices and the process for buying or selling a home.
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The Sam Wilson Home Selling Team specializes in homes in the Denver Metro area, including Arvada, Aspen Park, Aurora, Brighton, Broomfield, Centennial, Conifer, Denver, Edgewater, Evergreen, Genesee, Golden, Highlands Ranch, Idledale, Indian Hills, Ken Caryl, Kittredge, Lakeside, Lakewood, Littleton, Morrison, Mountain View, Parker, West Pleasant View, Westminster, and Wheat Ridge.
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© 2022 Sam Wilson All Rights Reserved. Articles by Pamela D Wilson