What the heck is a slot home?
Slot homes have been defined in Denver as a group of attached homes that are usually arranged perpendicular to the street they are on. Several of these have been built in the neighborhoods along the light rail that stretches along 11th Avenue from Denver to Jefferson County. Builders have built some slot homes that obviously do not fit within the architectural characteristics of the neighborhood. This has caused a lot of concern from the home owners in the neighborhood. The local TV Station 9News even did a report recently in which I was interviewed about the development of these slot homes. You can check it out here – 9News Story While the story primarily focuses on the negative aspects of the project and how the current homeowners are upset, here is my side to the story –
First of all, I want it to be known that I want to help anyone in this neighborhood. Whether they are looking to sell their home and buy a home somewhere else or even if they want to stay in their home. Some homeowners do not want to move because they have their house paid off, or prices are too expensive anywhere else in Denver, and I want to help these people make their houses more efficient so they are not paying out the wazoo for utility bills! I do know a few developers that would love to move forward buying up more of these homes and leveling them to make way for profitable town home projects (slot homes). The advantage to the homeowner is that they are able to sell without having to worry about the stress of inspections, appraisals and being pushed out. Several of the developers for these projects are even willing to allow the homeowners to stay in the home and rent it back while they search for a replacement property! There are obvious pluses and minuses to both sides of this story. Check out my video blog below to see what I’m talking about.
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3 Best Practices to help you find your dream home
You have heard it a million times by now if you are thinking of making a move: “The inventory is lacking and it is really hard to find a home you want to buy!” Or you say: “I do want to move, but I’m not going to list my house until I find a house worth buying!” In this fast-paced market, you need a Realtor that is looking out for what you want and able to move quickly and efficiently to increase your chances of getting the house of your dreams. This breaks down into several steps:
- Buyer consultation first! You may be thinking that you want to hit the ground running and look at as many properties as possible since they don’t last on the market very long. This is the easiest way to waste your time and energy! The key to a successful purchase is actually taking a step back and really honing in the search into the things that are extremely important to you. Sitting down with a Realtor at their office should help define a clear plan and goal so that when the right house hits the market, you have a strategy in place to hit the ground running and lock up that home!
- After the buyer consultation, you should have several methods of finding homes. Not only are you going to go out and drive neighborhoods, but you will probably be searching several different public websites looking for possibilities as well. Hopefully the websites you are searching on are accurate and up to date so you don’t fall in love with a house that is under contract already or sold recently! If you have a great Realtor, you will also have an automatic search set up and the Realtor himself/herself will be scouring the MLS, previewing properties and contacting other agents in your preferred neighborhoods to find houses that may not even have hit the market yet.
- Once you find a home, you need an agent that can show you and your offer in the absolute best light. There are many strategies that help with this and a great Realtor will have many tools in their tool belt to go with your offer to increase your chances of getting it accepted. The Denver real estate market is user-competitive and having a concise and thoroughly completed offer package is crucial! Make sure your Realtor goes over your offer with a fine-toothed comb to make sure that the message is clear that you want that home. Don’t be afraid to put a lot of your cards on the table (not all of them – you want to be able to negotiate later)!
Please contact Justin if you are not already working with a top-notch Realtor and getting the results you want.
Contact Justin Phillips today to see what an award-winning Realtor can do for you!