Is Now YOUR Time to Buy?
Have you been wanting to buy but couldn’t get a house in this crazy market? Have you been thinking about starting the process of buying but have been too nervous to enter the red-hot market?
Well, experts are saying that now may be the time to buy that house or to get that pre-approval process started. While the Denver real estate market is insane, it is beginning to see a slowdown and may not be as intense as it has been over this past year.
Recently, the number of home showings have been declining slightly, but still at high numbers compared to a normal amount. This means that there will be slightly less competition when finally making the decision to make an offer. For example, a recent Denver Post article stated, that instead of 20-30 offers, there may now be 15-20 offers, making the process slightly less competitive than what it has been.
Denver real estate is still hot, however, some buyers are becoming burned out from the process of the crazy market, house hunting, showings, and making offers – multiple times. Since others are becoming tired of the market and taking a break, this may be your chance to get pre-approved and jump into the market.
The time of year may be impacting the slow down as well. Many people are finally able to take a summer vacation that was missed in 2020 and traditionally, the market slows down in July.
There isn’t a time frame on how long this slowdown will last but the numbers of showings and offers have decreased. Now may be your time to get pre-approved and buy.
Are you new to the process and want to see what your budget is?
Explore our Mortgage Loan Calculator.Do you have questions about how much house you can afford? Are you ready to start the pre-approval process? Give us a call at 720.981.2399 or apply online.