Let’s see what happens to the Denver Market

Should we wait to buy?

I hear that time and time again. I don’t want to buy right now because the Denver Real Estate Market is inflated and I don’t want to overpay. In fact, that is one of the main worries among all the buyers I have talked to in the past couple of years. It is the one worry I do not have a crystal ball for. Buyers are also worried about buying a lemon of a house, but that is what inspections are for.

Everyone wants to know what the market will do in the upcoming years so they can begin to plan their housing strategy now. I know buyers are not getting as good of a deal than if they had bought last year or anytime in the last 10 years, but they are just going to have to bite that bullet if they want to move on.

Here is what we do know:

Waiting to buy is bad

It will cost you more to wait!

  1. Historically, prices have been increasing on average since homes were first being bought and sold by our ancestors. There may be some downfalls in price and season slow-downs, but overall they will continue to increase.
  2. Denver continues to see more large companies moving their operations here. People are enjoying more of our parks, mountains and many other outdoor activities and finding they want to stay here.
  3. More people are moving to Denver than there are houses being built. We have an incredible shortage of homes for sale. As the law of supply and demand shows us, the constant high demand for housing creates more value in the houses that are available and in turn the prices go up.
  4. Interest rates on mortgages are going to increase. The government has warned us over and over that they are raising rates. While their rate increases do not directly affect mortgage rates (as seen by the recent reduction in interest rates), we do know that eventually they will balance out and increase.

If you have ever thought about buying a home, now is the time. Please let me help you or anyone else you know that is considering buying a home in Denver. You may not be the early bird catching the worm, but the longer you wait, the harder it will be to swallow the worm you get!

 

Open house at new listing – 11314 Jersey Way – Thornton, CO

Open House this Saturday – May 3, 2014

 
This home will be under contract by the end of the weekend! Every room has been updated with new floors and new trim! The newer appliances, counter top and light fixtures in the large kitchen make this an entertainer’s dream! When everyone isn’t in the kitchen, they can enjoy the vaulted ceiling and custom fireplace in the living room. The open floor plan in this home situated on the biggest lot in the neighborhood (almost 1/4 of an acre) make this home seem a lot bigger than it really is. Please come out to see for yourself at the open house this weekend from 12:00 to 4:00 pm on Saturday, May 3rd. The seller is not allowing any showings before the open house, so don’t miss this opportunity! The list of upgrades is too long to list here!

 


 

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