Home Buying Strategies

The Denver market is currently one of the hottest markets in the US. It is a sellers market so it can be challenging to buy a new home for many first time buyers. Bidding wars on properties under $400,000 is common in our market place. This can lead to frustration for buyers but there are strategies that can be put into place. Preparation is the key and first step. I always insist buyers have their financing ready to go and in place with a reputable local lender. This always adds weight to any offer. Many time their are opportunity properties out there, ones that may not be on everyones radar. Some properties hit the market way over priced and by knowing and watching the market you may be able to find your new home this way as those homes sit for sale longer. Then there is the fixer upper. Many times this can make a perfect home for someone who is willing to put some time and effort into the home. If you are a first time buyer, there is a way to find your new home with some of the above techniques if you are willing to go outside the box.