Sellers Beware!

A lot has changed in our market. Some good, and some not so good. I have been recently encouraged that the media is finally starting to report some good things. The Front Range metro area has been named on more than one occasion as an emerging top real estate market. Most recently, the Denver Business Journal reported that the Urban Land Institute had named Denver among the top real estate markets in the country.

Obviously it’s a great time to buy a home. Yes, there are plenty of challenges. But for those looking for the right home, it’s never better. With the elections behind us, there are signs home buyers are coming back out to look. Though traffic is up, there appears to be a lot of uncertainty on the buyer’s part as to “what is a good deal?” Whether they pursue resale or new, they want to know they are getting a great value. I've seen tremendous price reductions in the new home market around Parker Colorado. We're talking over 100K price reductions sometimes, so they are doing what it takes to stay competitive with the relase housing market I'll give them credit for that (but hey, I firmly believe those homebuilders were part of the cause of this housing spike too so they deserve to get hit hard.)

Most buyers have expectations about buying at the right price and fear overspending. So if you are a seller, don't be in denial! You have to be realistic about pricing your home, or it is going to sit. Nobody cares what you want to get out of it. Nobody cares what you bought it for, and nobody cares what you put into it either!