Metro Denver Real Estate in 2021 remains tight. How should you navigate?
The core of real estate is supply and demand-driven. 2021 has created opportunities for both buyers and sellers. The choice for each is how to effectively navigate the wealth of information that is constantly changing. In both situations, Realtors nationally can make the decisions and process substantially easier. The market adjustment for COVID has created a buying opportunity in the Denver urban core. The newest of homes, when located correctly, give the Denver home seller an opportunity for a faster sale. The data though may be misleading when reading headlines. Here are a few elements that Buyers and Sellers can consider with a licensed agent at MASONmodern.
Buyers:
Last year, the inbound flux of residents to Colorado and specifically Denver meant multiple offers for certain properties. A buyer's agent provides the client with additional information prior to making a winning offer. When multiple offers are present, keeping the buyer's expectation real and rational is essential for any successful purchase. The supply of homes available was tight before Covid. In 2021, the supply is even lower because some sellers have delayed their anticipated sale and move. The condition of a home, its location, and the ultimate price are essential considerations in today's Denver Real Estate Market. Certain neighborhoods are experiencing strong demand and others excessive. Working with the right advisor makes a difference when buying residential real estate today.
Sellers:
2021 has remained on overdrive in the Denver Metro area. However, your home's zip code is one key factor to whether your home is going to receive an optimal price for you. Fortunately, a seller can control pricing - as long as valid comparative homes are a basis for the seller's pricing. When working with a MASONmodern team member, sellers receive insight into past sales. Competitive analysis can correctly reveal what drove the latest home values relevant to a seller's pricing decision. Investors and newly arrived buyers are looking for certain properties. Buyers have incentives to consider trading price for urban proximity to future conveniences - mainly weekend activities, nightlife and cultural events. Homes with adequate floorplans, inviting outdoors and appropriate updates will determine a home's successful sale.
To understand your opportunities in the Denver and Colorado real estate market, reach a MASONmodern agent today!