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David Lampe and Tom Grant, The Principal TeamReady to Make Your Move?
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The market continues to favor sellers. Of course, it would be great if all the home buyers looking for a home could get everything they want in a home. But unfortunately, home prices and interest rates continue to rise. As a result, homebuyers – especially first-time buyers – often have to consider what compromises they’re willing to make.

If you plan to jump into the market and buy a home, know that you CAN purchase a home in this market. If you find you have to compromise, here’s where you’re most likely to:

Price – Very simply, you can pay more than you thought you would for a home. We recommend that buyers look at their monthly payments and think about the future. If making slightly higher payments every month gets you what you want, it may be worth it.

Location – You may find a home that checks all your boxes in some part of town you hadn’t considered. If you can be flexible about location, this can be ideal for getting what you want. Many of our current clients are looking outside the area where they started their search. There are fantastic homes and neighborhoods throughout the Front Range. Expand your search and let us help you find the ideal spot for you.

Condition – Homes in the best condition have the most competition among buyers. If you fall in love with a home because it’s pristine, many other buyers will, too. In other words, you’ll be competing with 10, 15, or even more other buyers when you submit your offer. If you’re willing to overlook a few faults or fix some issues after moving in, you’re more likely to compete with fewer buyers and get your offer accepted.

Size or Features – Many buyers may not need as much space as they think. Or maybe you’d prefer a mountain view but are willing to purchase a home without one. Perhaps a two-car garage is acceptable instead of space for three cars.

Ready to make your move? We’re helping buyers and sellers reach their goals in this market. Call David and Tom at 720-782-2468.

Metro Denver Real Estate Market Activity

During the last week:
New Listings – 1736
Back On Market – 195
Price Increase – 212
Price Decrease – 487
Pending – 2051
Withdrawn – 78
Closed – 1596
Expired – 107
Previous Week:
New Listings – 1533
Back On Market – 192
Price Increase – 173
Price Decrease – 350
Pending – 1530
Withdrawn – 71
Closed – 1497
Expired – 68

Based on data from REColorado®

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