Denver has quickly become a seller's market.  There are bidding wars going on with multiple offers on properties.  Sellers are happy with shorter times on the market but it's getting to be more stressful to be a buyer.

Some buyers become discouraged when they are up against other offers and might want to give up.  Here are some tips to getting your offer noticed:

1.      Listen to good advice:  You hired your REALTOR® for his or her experience. Listen to their advice on the market and offer your highest bid.

2.      Get Pre-Approved.  Make sure you have everything in order for financing and the down payment.  This might be the key to getting your bid accepted over others. This will also help you know the limits of your offer by what you can afford.

3.      Don't Offer More than the House is Worth:  It will not appraise for higher than its worth and you won't be able to get financing.

4.      Write a "Clean" Offer:  Don't ask for a bunch of repairs in the offer.  The right time for that is during the inspection process.  You can always ask for repairs then or a credit.

5.      Add a Personal Note:  A little bit of personal information about how this is the "perfect" home for your family will make your bid memorable to the seller.

Most importantly, try not to panic.  Let your real estate agent guide you through the process. Look at the comparable sales data with your agent.  The current market might justify offering a little more than the house next door sold for in order to "win" your bid.

Read more about Denver's hot real estate market and how to be ready to buy your next home.

photo credit: nettsu

Posted in Marketing

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