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Adams and Broomfield Counties, CO, Market Update πŸ“Š

Video Transcript:

The real estate market is booming! There hasn’t been a better time in the history of real estate to sell your home.

Right now, there is extremely limited inventory. There just aren’t enough houses on the market for the amount of buyers that we have that want homes.

Hi, I’m Jennifer Prestwich, the Prestwich Group at Madison and Company Properties, and I’ve been a residential realtor since 2008.

Right now in Adams County, Colorado, there is less than one month supply of available listings. In a more normal market, four months or less supply would be considered a strong seller’s market. Less than one month means the market is hugely in favor of sellers.

In Broomfield County, Colorado, there’s only a two week supply of inventory. I have never in my 13 years in this industry seen it this low, it’s mind blowing.

What this means is that we are in a sellers market. Most homes are on the market for less than a week. With that being said, sellers are in the driver’s seat and have the ability to choose the cream of the crop with terms and conditions. They can be very selective when choosing which offer to take.

And if you’re selling, don’t be afraid to counter anything that you want that will make the transition, terms and experience meet all of your expectations. You’re in a position to do so.

Here are some of the things to think about:

Timeframes. Choose the best timeframe for close of escrow that works for you. You can also shorten up contingency dates for inspections, loan, disclosures, and appraisal. You may even take an offer that has no contingencies at all.

You could sell the home as is, which means that if the buyer asks for any repairs or found something wrong with the home, you wouldn’t be obligated to fix it.

Also, there are costs that are typically customary for what a buyer would pay or for what a seller would pay. For example, oftentimes, the seller pays for the HOA transfer fees, but in this market, you could counter that out and ask for the buyer to pay for it.

There are others things to consider to negotiate on your behalf, but I don’t want to keep you for too long. So if you’d like more information and you’re thinking about selling, give me a call.

Remember, life is too short not to love where you live, and don’t forget, if you’re thinking of selling your Adams County or Broomfield County, Colorado home, that’s my specialty. I’m Jennifer Prestwich. I’m out here living the Denburbs life and I want to help you do it too.

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