This article talks about the fact that we are in a seller's market. 

Cheryl Bustin​ and I are dealing with this every day.  We have four homebuyers that we are currently working with.  One is in the $500,000 range.  A cash buyer looking for a home for his son and wife.  One in the $700,000 to $800,000 price range, also looking for his daughter, who is a med student at Rocky Vista University.  Another one in the $600,000 price range, moving from California to be near their adult children.  And, finally, one in the $1,000,000 to $1,500,000 price point, looking for a very large home on acreage.  With the exception of the one looking in the million dollar plus range, every home that we consider, goes under contract within a couple of days.  And, every one, so far, has been considerably over asking.  Cheryl and I are "in the real market" every day with real homebuyers dealing with the real market.  We pay attention to statistics, put out by the so called experts.  But, with "a grain of salt".   When we see every listing that we are considering have 40 showings and10 over asking offers, we know it's a seller's market.  So, what would our advice be?  Well, if you want to or need to sell your home, go for it.  You're going to get top dollar.  If you're a homebuyer, go for it. Waiting will be the worst thing you could do.  Why?  Even though you're going to be nervous about the high price you're paying, it likely will be higher every day you delay.  Also, you're concerned about the mortgage rates.  I don't blame you.  But, what if they go even higher (which I do not believe)?  Lock in today's rate.  If they fall in the future (which is highly likely), you can refinance.  If they never fall, you will be so proud of how brilliant you were when you locked in the low rate.  Finally, if homes continue to increase in value over the years (which is a historical fact), you will see your net worth grow from that appreciation.  Keep renting?  No growth in net worth.  And, higher rent payments every year.  Not good.

 

Cheryl and I know this marker better than most.  After selling over 350 homes here in Douglas County and the Denver Metro Area, we are equipped to provide you with the real estate service you deserve.  Call me at 720.220.5058 or Cheryl at 303.981.7339.

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC]

 

 

Some Highlights

 

• The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
• The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
• The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, let’s connect today.

 

Some Highlights

 

• The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
• The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
• The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, let’s connect today.