5 Tips To Get Under Contract In Denvers Sellers Market

Denver's real estate market is as hot as it can be. As we are heading into spring, there is not much more inventory and a ton more buyers starting to look. I have been out every weekend with buyers and the competition has been taken to new heights. Buyers trying get one of the few houses on the market under-contract is very hard these days. So, if you are having trouble also, Here are some of the best tactics to try to beat the competition and get under-contract.

1. 1. Make your First offer your Highest and Best - With all of the competition on the  market there is not time for playing with price. If you are financing the purchase, figure out what is the highest price you are willing to pay and offer it straight away. You may be competing with cash offers which are always always more valuable to sellers because they eliminate all of the problems acquiring a loans can create.
2. 2. Make your best effort to waive Contingencies - Two major contingencies to consider waiving are Inspection Objection, Appraisal Objection. If you have the cash to cover the possibility of problems with the inspection, or a low appraisal evaluation, Sellers love to see items in the contract that show you will get to the closing table with the least amount of bumps on the road.
3. 3. Know Sellers Motivations/ Make every effort to satisfy their concerns - Every Seller has things that they are concerned about. Obviously price is always a concern, but there are other ways to make yourself look attractive to a seller other then the price you offer. Have your agent ask questions. Here are some concerns/motivation sellers may have other then price.
   • Time Line- Sellers may be buying as well, which may result in concerns of their own like time frame so they don't end up homeless for a period in between transactions. Do your best to let them know that you will do anything they need to make sure their concerns are met, including letting them stay in the house for a period after closing.
   • History and Future up keep of the house - Many Sellers lover their home and have spent time, energy, money and emotion making the house perfect for them. Honor them by letting them know how much you appreciate their work and vision, and If you can, express that you will honor their vision, care and the style of the house in the future.
   • Contract Issues- Let the seller choose title company, possession date, closing date, inclusions, earnest money amount.
4. 4. Personalize offer - Whenever you are making an offer in a multiple offer situation its important to try to stand out in any way possible. One way to do that is by writing a letter with a photo attached that shows you and your angelic caring family. This Puts a face and human element to the transaction. It can be cheesy, but cheesy works. But keep in mind to add some flavor and interesting things in the note to stand out from others.
5. 5. Show houses and write offers Monday -Wednesday- If at all possible, try to see houses during the first weekdays of the week. Many of the buyers have a short hangover after the weekend, because every one is looking at properties and submitting offers Saturday and Sunday night. Many buyers wait until the next weekend before seeing properties again because they are dissapointed about losing out on offers the weekend before. You can take advantage by seeing the newly listed properties as they are listed and try to get them under contract before the other buyers can even see them.

I hope this helps, now go out there and get under contract!!!

Now is the time to sell, call me for the path to reaching your real estate goals

Kevin Fletcher and is a Denver native working with Exit Realty of Cherry Creek. Kevin specializes in helping Buyers, Sellers and Investors with real estate transactions in the Denver Metro Area. Within Denver, I have intimate knowledge of the Park Hill, Stapleton, City Park, and Baker Neighborhoods. Kevin Fletcher can also assist buyers looking for Fix and Flips, and rental properties. I can help with securing financing, investment analysis, rehab, and property management.To get an expert opinion on what your home is worth, or for a Buyer consultation, Call/Text or Email Kevin Fletcher at 303-818-4130, [email protected]