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The Spring Housing Market for Those Looking to Buy a Home in Denver

June 14, 2017

Are you looking for move into a new home this spring or summer? The great news is, with home values up, you will be able to sell your current home and help you get into your next home that works out best for you and your family. If it has been a long time since you last purchased a home, or if it is your first time, there are a few things to learn. Check out an overview of the Denver housing market, benefits if you plan to buy a home in Denver and tips for selling your home.

Overview of Denver Housing Market

While home inventory in the area has been low, as the warmer months arise, so will the amount of options you have when looking for a new home. The market can be fast and tricky. Therefore, it is important to work with a realtor that can monitor trends and see what comes out on the market much more quickly than many can even find online. With a smaller amount of homes available, a realtor can help you find inventory sometimes before it even hits publicly. Also, with a larger amount of homes that went through foreclosure, you might be able to find a great deal on a home if you have the flexibility on time. If you are looking for ways to cut down on costs of your next home, consider purchasing a condo. Typically, prices are lower than homes and can include some great perks such as outdoor maintenance and common areas.

Benefits of Buying

Purchasing a home is a great investment. Over time and changes in the market, the overall value of your home will grow—providing a great return of investment on your property. In addition to owning and having your hard-earned dollars going towards something you own, there are many other perks to being a homeowner as well. For instance, tax benefits. You can deduct your mortgage each year. Next, owning a home allows you to truly make the space your own and customized in a way that fits your needs and lifestyle. Also, if you are looking to pay less each month in living expenses, in most cases, you will be paying less each month on a mortgage than you do in rent. Just keep in mind to build up a savings for changes you would like to make or fixes when things break.

Tips for Selling Your Home

Now is a great time to be a seller in the Denver housing market. With a smaller inventory, it is likely you will sell your home quickly. In fact, when options aren’t as available, it increases your chance of a bidding war. This is popular in some of the top places people want to live. However, there are always things you can do to encourage a sale. Makes sure to take some of your personality out of the home to help prospective buyers envision themselves in the home. Next, consider a staging service to accomplish this too. Also, it is important to work with your realtor on finding the best price. They will look at your home and compare it to others in the areas to find the perfect price that will be attractive to buyers. For additional tips, check out HGTV’s 10 Best-Kept Secrets for Selling Your Home.

As you prepare to make the move to your next home, the Giving Back Group can help. As your local and trusted realtor, you can count on us to help you sell your home and find the next one of your dreams. Are you looking to sell your home in 2017? Check out thing to consider from Denver realtors. Ready to get started? Give us a call at 303-881-4881 today.