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Bidding Wars for Real Estate at 8 year low
**Chart from Nation Mortgage Professional**
Good news for buyers - bidding wars are the lowest they have been in the last 8 years. Redfin has been tracking bidding wars since 2011. Last year 45% of all offers were competing with one or more offers. This year the rate is down to 32%. That corresponds with the national trend of increasing homes for sale. Increasing supply of homes with a steady stream of buyers would explain the reduction in bidding wars. Good news for buyers
Click on the read more button at the bottom to find out more details.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service
Good news for buyers - bidding wars are the lowest they have been in the last 8 years. Redfin has been tracking bidding wars since 2011. Last year 45% of all offers were competing with one or more offers. This year the rate is down to 32%. That corresponds with the national trend of increasing homes for sale. Increasing supply of homes with a steady stream of buyers would explain the reduction in bidding wars. Good news for buyers
Click on the read more button at the bottom to find out more details.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service
