While it's true that the Denver market is extremely hot. That doesn't mean you don't have a chance at owning property in Denver. Agents at Perch Real Estate are still getting clients under contract.
The key is to make sure you are being realistic.
Here are a couple of our tips so you are prepared for this crazy market:
1. Make sure you are looking in the correct price range. This can be a hard one. Your lender said you are pre-approved up to $400,000! That's great news. However, as you are looking at homes, you need to keep in mind that most homes are selling well above the asking price. Make sure to look below your max price so you have some wiggle room within you offer.
2. Everyone wants to live in Wash Park or the Highlands. It's true, the neighborhoods are great and the walk scores are high. If you don't have a large budget you might need to pick another spot. Check out other neighborhoods. Figure out what it is you love about those spots and then get creative, because there are incredible neighborhoods all around this city. Keep an eye on our Facebook page and blog to see highlights of different neighborhoods each week — you might be surprised with what you see.
3. We would all love to live in our forever home. You might need to be a little more realistic on your needs vs wants. A guest bedroom would be lovely but are you willing and able to pay for it? I'm sure you can find a lovely Airbnb for your occasional guest.
Check out the latest article in 5280 on buying in Denver
If there is anything we can do to assist you with your real estate needs, please don't hesitate to reach out at any time.