Buying Denver New Home Construction
Denver’s real estate market continues it’s upward swing. Inventory is way down and demand is way up. With so many would be buyers out there and so little inventory, what’ s the solution? In many parts of Denver homes come on the market and have multiple offers within hours.
Does this mean a seller should expect this? Maybe not. If your home is in a very trendy area with high demand this may well be the case. However, after going through many homes with buyers I have found that there can be some frustration. Frustration with the condition of the homes they look at and the selection. There is a shortage of inventory but the home still needs to be presentable and ready to show. I’ve been through a lot lately where that just is not the case and buyers tend to be a bit annoyed and often pass on purchasing. They may not have if the seller were ready.
There is an alternative that many are looking at once again. New home construction. Yes, according to one report the Home Builders Association of Metro Denver shows building permits for new homes up 48.3% in the first seven months of 2012 versus the same time in 2011. Buyers are finding they like the new styles and of course the condition of a new home. Less to wonder if it will need replacement, less to wonder if there is a warranty. There are plenty of home buyers out there that only want to buy a new home and have only done so in the past. Others have never really considered that but now have a whole new outlook and they like what they see.
Having sold lot’s of new home construction over the years and also been a sales agent for a large home builder here in Denver for many years, I have seen the excitement of buyers when they discover the brand new home communities. Buying a new home is a bit of a different process but one I would love to help with if you may be in the market. For some, the location of the new communities won’t work and they need to find a resale home. For those buyers, keeping on top of the inventory and remaining ready to buy when the opportunity comes on the market is key.
If you may be considering buying a home or selling your home, please get in touch. I can help and may be a great fit for you. You can search the inventory by clicking the button and let me know if you find some you want to see.