If you’ve been out of the real estate market for a while, you might be shocked at how things have changed. The inventory of available homes has created a unique dynamic whether you’re buying or selling.
If you’re a buyer, be ready to jump when you find the right house. Get pre-approved for a mortgage and go in strong with a competitive offer. Low inventory across the Front Range means the seller will likely see multiple bids in certain price ranges, so know how far you’re willing to go to get the home.
If you’re a seller, realize that you’re in the driver’s seat. Low supply and high demand is in your favor, allowing you to negotiate attractive terms. And that goes beyond price. In a sellers’ market, things like move-in date and shared repairs can be on the table, especially if you have multiple interested buyers.
