For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead.
Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. Perhaps the thoughts are about downsizing. Or life has simply shifted priorities.
Maybe you are thinking about selling or buying.
If you are, it’s rather impossible to completely predict what is next in the next few months of 2020. Or even 2021 and beyond. This much we know — for years sellers have been in charge thanks to extremely low inventories of available homes. This forced buyers to compete against multiple offers at almost every price point.
As you think about what your future holds, what questions should you be asking? This blog series will explore several questions from both the seller and buyer points of view.
Buyer Question:
I LOVE this house! Should I write a letter to the seller explaining why?
Answer from Doug:
“Love letters” from buyers to sellers were the thing to do for many years. Unlike buying a box of cereal, a lawnmower, or even a car, buying and selling a home is often emotional. Trying to connect on this level used to be encouraged.
The practice of letter writing is out of favor now because they create opportunities for discrimination. Unintentional or not, our market started to see a lot of litigation if a seller rejected an offer because of too much buyer information or family photos or other efforts to connect with a seller.
By law, the house selling and buying processes are to be non-discriminatory.
