Denver’s Real Estate is in the news

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If you follow the Denver Business Journal, as we do, Denver’s amazing real estate market is continually in the top stories.   This week is no exception as the article “More good news for Denver area home sellers”  shares the details about how. One of the most interesting statistics from the article shares the following.

CoreLogic Inc.’s most recent home price index report, covering January sales, shows sale prices increased 11 percent in January from a year earlier. “

Eleven percent is a huge number for a one year gain and it reflects just how strong the Denver Real Estate market has become.  Downtown Denver condo and loft residents have watched as the inventory of distressed or bank owned properties has dwindled allowing market prices to rise. Sellers, it’s a great time to list your homes and condos.

In this Market you can Buy with Confidence

But sometimes all the news talking about a “Seller’s Market” doesn’t help potential buyers understand how that change will affect them. So we thought we would spend a few minutes talking about how Buyers can approach today’s Denver Real Estate Market with confidence.

Some neighborhoods such as Denver’s Riverfront Park, LoHi and Upper Downtown are seeing a new version of the listing process.  Properties being put on the market are often flooded with multiple offers up to and in excess of their asking price. But it isn’t always about the price. Often times sellers can be more interested in an offer with more attractive terms such as an earlier closing date or more rapid inspection period.

Downtown Denver Experience Matters

In this market, the skill and expertise of your buyer’s representation is critical. Our team at New Era Realty is focused on ensuring our buyers the highest quality of professional service. Here are just a few reasons why Downtown Denver expertise is so critical.

  • There are still great values to be found in even the most sought after neighborhoods, but it is critical to be timely. The New Era Realty team utilizes technology and our “feet on the street” downtown presences to make sure we are aware of new activity for our clients immediately.
  • Crafting the best offer benefits from experience. In a market where multiple offers might come in for a particular property knowing what is important is essential.  
  • Knowing what market values are is equally important. We want our clients to find their dream home but we also want to make sure it’s not just about “Winning” a bidding war. Our expertise focuses on knowing what is a good offer and what isn’t, or how to save money on the purchase by preparing our buyers to offer other attractive terms than just price.  

Of course every client has different goals, needs, and priorities. Contact anyone on the New Era Realty team today and learn how we can assist you in your Downtown Denver condo and loft goals.

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