Bidding Wars for Real Estate at 8 year low

Real Estate

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

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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. -

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 - - with "Home Loan Report" in subject field and I'll send it right over.

Also….check these out??

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