Buying Real Estate in Denver
Here’s a great question if you want to invest in Denver real estate – what are you going to buy? The current Denver housing market has seen extremely low inventory over the past several years making finding and purchasing a home a highly competitive process. Rapidly developing markets like Lone Tree and Broomfield make a competitive environment even more cut-throat.
If you’re able to find a worthwhile home or property expect to pay much higher than the national average as we learned above and expect plenty of competing bids including cash offers. There are two important words for buying Denver real estate – good luck.
Selling Real Estate in Denver
It’s not difficult to sell real estate in Denver due to the low inventory. Inventory numbers vary from around 2000 to 4000 available homes depending on the listing agency, but that’s remarkably low for an expanding city. Below we’ll learn if the Denver housing market is turning but the city’s neighborhoods and suburbs are undoubtedly seller’s markets.
If you’re selling real estate in Denver, you can look to quick cash offers for the fastest process or higher-than-asking prices for a sizeable profit. The hardest part of selling Denver real estate is getting your hands on enough inventory.
Closing the Deal in Denver
Like the Rocky Mountains surrounding the city, Denver real estate has plenty of peaks and few valleys. Every Denver neighborhood and suburb is competitive, so expect low inventory and competitive bids if you put a home in the market or are looking to buy. For now, Mile-High real estate provides excellent opportunities for sellers and developers – if you can get your foot in the door.