Denver Real Estate Discussion / Opinion Thread (NO Data Charts) (Parker: live, restaurants)

[emm74]

It is cyclical but if you look at year over year, it's a slight uptick from the same time last year. Houses are still selling fast, so even a small increase in inventory isn't going to change the market here, other than increasing the number of total sales. There is still crazy low inventory and what's out there is selling.

And I'm sure Texas Ag's house will shortly be on the "under contract" list!

[qsr]

Yes it's normal and I agree that the market is terrible for people who are looking to buy right now. I was hoping to be under contract with a house by now, but I'm just going to have to hunker down for a while and wait for the right opportunity. I extended my range quite a bit higher and that helped with seeing more available. The lowest end houses are mostly going to investors with cash. For the rest of us we have to deal with the uncertainty of appraisals in the fastest market in history.

It also seems like the further away you are willing to live from public transportation, the more options you have to buy right now. Unfortunately, that's one of my primary reasons for moving--to get closer to light rail. A lot of buyers seem to have the same idea.

[davebarnes]

Advice to potential buyers from an old fart.

Look now.
Decide WHERE you want to live. Neighborhood or certain blocks in that 'hood.
Look at lots of houses so you (typically the plural you) know what features you MUST have. Get to the point where you can tell within a few minutes if a house is acceptable.
Wait.
Save up more money.
Make your offer the day before Thanksgiving.

[ayoitzrimz]

Originally Posted by davebarnes

Advice to potential buyers from an old fart.

Look now.
Decide WHERE you want to live. Neighborhood or certain blocks in that 'hood.
Look at lots of houses so you (typically the plural you) know what features you MUST have. Get to the point where you can tell within a few minutes if a house is acceptable.
Wait.
Save up more money.
Make your offer the day before Thanksgiving.

Made my offer Monday before Thanksgiving. No competition, no bidding war, under contract by Thanksgiving. Got lucky, but if you can plan for that time it is a great time to offer.

[Count David]

Originally Posted by skins_fan82

We used them to sell our house in Parker back in October.

What made you decide to move from Parker?

[Timmyy]

Originally Posted by David Aguilar

What made you decide to move from Parker?

Maybe he moved from Parker to Parker?

[Count David]

Originally Posted by Timmyy

Maybe he moved from Parker to Parker?

LOL, maybe, just curious, I thought he liked it.

[turbospartan]

Originally Posted by davebarnes

Advice to potential buyers from an old fart.

Look now.
Decide WHERE you want to live. Neighborhood or certain blocks in that 'hood.
Look at lots of houses so you (typically the plural you) know what features you MUST have. Get to the point where you can tell within a few minutes if a house is acceptable.
Wait.
Save up more money.
Make your offer the day before Thanksgiving.

All of that sounds good... except for the waiting until Thanksgiving part.

We have to be out of our current place by the end of next month, so we'll probably have to look into another rental that is month-to-month or a 6 month lease.

[davebarnes]

Originally Posted by turbospartan

All of that sounds good... except for the waiting until Thanksgiving part.

Prices will not increase that much between now and Thanksgiving.
They may even drop a smidge. I saw this with a new-build duplex in my neighborhood.

What did ayoitzrimz write?

[2bindenver]

Prices will continue to increase at a pace rarely seen until inventory increases.