Denver's low real estate inventory makes buying a home very competitive. Whether it' a seller's market or buyer's market, seller's prefer CASH buyers over financing or contingent buyers. Individuals whom are considering selling and whom must secure a replacement home first are deterred.
They need to use their home equity as a down payment and must close the sale of their current home before closing on their new home which makes every offer they place contingent.Or, if you are a first time home buyer and need financing, your offer will not compete with CASH offers. Thus most individuals are electing to stay put, adding to the inventory shortage.
They need to use their home equity as a down payment and must close the sale of their current home before closing on their new home which makes every offer they place contingent.Or, if you are a first time home buyer and need financing, your offer will not compete with CASH offers. Thus most individuals are electing to stay put, adding to the inventory shortage.
Services
As a Realtor(R) with RE/MAX Synergy in Denver, CO, Christopher brings 23 years of real estate experience to his clients. As a recognized multi-year member of the RE/MAX 100% Club, the RE/MAX Executives' Club and as an inductee of the RE/MAX Hall of Fame, Christopher is an elite member of the Denver real estate scene.
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