Real estate agents in Evergreen, CO have been seeing a little caution from buyers and sellers now that the real estate market is coming back to life just in time for spring.
Category: Real Estate
Know if we are in a buyer or seller market
It is very important to know the “pulse” of the market when negotiating a real estate deal. When you go into real estate negotiations on a property there are many variables and it is a fluid situation. There was a time in the Southwest Florida real estate market over the last few years that a seller could get away with an awful lot. Those days have passed for the most part. It still isn’t a buyer’s market but sellers can’t really demand as much as they once could. There was a time, especially in Fort Myers, Sanibel, Bonita Springs and Cape Coral a seller could basically name their price, name 95% of the terms and have 1 hour showing windows every 3 days and still receive multiple cash offers over asking price. That gave the seller great negotiating position. Those days are in the past for now. So we will discuss negotiation strategy in a more level and sane market.
In today’s booming economy and with the housing market through the roof more sellers are going the for sale by owner route. This is no different in Evergreen, CO and Denver. There are more for sale by owner homes in Evergreen, CO than last year. That means there are homes not selling by this method. Trying to save a few bucks can cost FSBO people tons of of money! [READ FULL STORY] about for sale by owner homes in Evergreen and Denver Foothills.
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The U.S. is at the beginning of a tidal wave of homes hitting the market on the scale of the housing bubble in the mid-2000s. What happens when so many homes post ‘For Sale’ signs around the same time?
There seems to be a real estate shortage throughout the country. Here is where the market is seeing the biggest shortages.
Zillow Denver, CO is still showing a large amount of inventory for sale in Denver, CO. Well over 4,300 units listed. The Denver MLS is showing about half that in the actual Denver city that are active listings. It is normal for Zillow to misrepresent data to help manipulate search results and have more properties to have buyers click on to contact agents. So moving further we will not use data obtained from Zillow. The data for this article will come directly from the Denver MLS.
Real estate agent talks about the Denver, CO Real Estate Market. – Real Estate Agents, Denver, CO
Zillow economist Matthew Speakman said the strong August housing-starts numbers indicated high builder confidence was being buoyed by falling mortgage rates. “It’s not flashy, but this sign of resilience is welcome news for a housing market that is still struggling to grasp some momentum,” Mr. Speakman said.
The real estate market in the U.S. could enter a down turn in under five years, with one of the largest online real estate company Zillow predicting that it will happen in 2020. This seems like an odd statement coming from a company that has just started it’s real estate acquisition phase. It may be a little self serving to have the market correct itself so Zillow can come in and purchase at a lower than actual value.