How to Win in Colorado’s Competitive Real Estate Market
Thanks to news headlines about Colorado’s fast-paced housing market and “record low inventory,” Colorado home buyers may have the impression that it could be next to impossible to find their dream home.
“It’s scary out there,” said first-time home buyer, Emily. “We’re ready to make the switch from renter to owner, but this market is nuts.”
When the headlines talk about inventory, they are talking about the number of homes for sale on the market at a specific moment.
In reality, there are many new homes coming on the market. But they don’t stick around long enough to be counted as “active inventory.”
The challenge for home buyers isn’t low inventory, it’s fast inventory. So how can Colorado homebuyers keep up with the fast-paced real estate market?
Step 1: Know What You Want
Home buyers don’t need to know about every new home that comes on the market. They only need to know about the ones that fit their needs.
Searching for a home is about more than number of bedrooms and bathrooms or square footage. REcolorado’s home search site gives home buyers a set of Colorado-specific search criteria. Search homes with mountain views, or with easy access to downtown, or in your favorite Denver neighborhood.
Once you’ve made your list of “needs” and “wants” for your next home, set up personal custom searches with a free account on REcolorado.com. You can even sign up to receive an email any time a new home that meets your criteria comes on the market.
Step 2: Use Accurate Information
The painful process of having hopes dashed again and again by inaccurate information leaves many Colorado home buyers discouraged.
“Early in our home search, my husband sent me a link from a national website to the perfect house. 3 bed, 2 bath, good neighborhood, and in our price range. Too good to be true!” said first time homebuyer, Emily. “Turns out it was. We sent the link to our agent, who told us the home was already under contract.”
Home buyers can’t waste time with outdated information.
The best way to ensure accurate information is to work with a REALTOR and get information direct from the source.
Because REcolorado is also the source that Colorado REALTORS® use, home buyers can use the home search tools with their real estate agent or connect with one on the site.
When you want to know more about a home for sale in Colorado, you can easily reach out to the listing agent directly from REcolorado.com. REcolorado only includes the listing agent as a contact, never another agent who is simply paying to advertise on the site. This gives home buyers the ability to get instant and accurate information from the person who is the most knowledgeable about the property.
Step 3: Know Within Minutes
With the technology available today, home buyers can know within minutes when a new home comes on the market. All you need to do is check your email.
“Our agent set us up in the REcolorado Client Portal,” said Emily. “We talked about what we wanted in a new home – a yard for the dog, natural light – and our budget. Then she set up the portal so we got an email every day with homes to consider.”
The REcolorado Client Portal creates a seamless home buying experience. Once your REALTOR creates a unique portal for you, you can use the tool to search for homes, view listing information, add notes, and track your favorites. Email notifications allow you to communicate with your REALTOR about properties and be notified any time a new home that fits you comes on the market.
Find your Dream Home!
In Colorado’s fast-paced market, timing is everything. By working with an experienced REALTOR and using accurate, effective home search tools, home buyers can act quickly enough to find your home.
“It wasn’t long until we found another great home – with a mountain view!” Emily continued, “We put in an offer right away and got it. We couldn’t be happier in our new home.”
Even in Colorado’s fast-paced market, it is possible to find your dream home!