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Keeping Your Cool as a Buyer in a Sellers Market

In Buyers by Doug Phelps

More often than not, every time a buyer client loses out on a home, we find another home that they love and everything works out. To be sure, it is very disheartening in the moment. Below are a few keys things I recommend to home buyers who have recently lost out on a home they love:

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Broncos Tickets: Part Of The Offer?

In Homeowners by Doug Phelps

We recently experienced a prospective buyer who was unable, or unwilling to go higher in purchase price with their offer on our seller’s home.  Instead, the buyer included their coveted, Broncos season tickets as part of the proposed purchase contract.  Whether you are a Broncos fan or not, this is indicative of what buyers in the greater Denver real estate …

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Strong Denver Real Estate Market Marches On

In Homeowners by Doug Phelps

It’s election season and an incredibly contentious time in the United States. We are cautious to arrive at any conclusions about the direction of the Denver real estate market with the number of social variables at play. Are buyers and sellers waiting for things to calm down following the presidential election? What policies will be implemented about public health and …

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Inventory, Price, and Sales All Up

In Homeowners by Doug Phelps

New homes for sale was 14% higher last week than the last 3-year average with 1,447 homes hitting the market. Eventually, this increased seller activity may lead to rising inventory levels and a slowing of home value appreciation in the Denver metro market.  But not yet. Last week saw 44.6% more homes go under contract than the last 3-year average, …

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Are Sellers Getting Too Aggressive?

In Homeowners by Doug Phelps

These numbers are staggering: 68.5% of all homes sold in the last two weeks sold at or above the FINAL asking price.   59.5% sold at or above the original asking price.   And yet, looking at the remaining 31-40% of the Denver market transactions helps us understand the mindset of sellers, the competence of agents, the importance of property preparation and …

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Did COVID-19 cool the market?

In Homeowners by Doug Phelps

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. …