DENVER, CO / ACCESSWIRE / February 24, 2021 / Rob Barber, real estate expert and owner of NextHome Altitude, brings a fresh perspective to the Denver real estate market. For his entire career, Rob has been in the business of helping others. Originally from Vermont, Rob moved to Boulder, Colorado, in the mid-2000s to open up a sports massage clinic. Having always been fascinated by real estate, he got licensed and began working with clients part-time. He soon realized his passion for the market and, in 2015, closed his clinic to make real estate his full-time focus.
Today, Rob lives in Denver and works with clients around the greater Denver and Boulder area. Rob's philosophy is "Humans Over Houses." For Rob, the client relationship is the most important thing, and he prioritizes the client over the transaction. "It can be easy for the client to get lost in the transaction, but I strive to keep all my focus on the client, ensuring I'm listening to them and meeting their needs." Rob is more than just a real estate agent. He recognizes that buying or selling a home is one of the biggest decisions an individual or family can make, so Rob serves as a sounding board and a shoulder to lean on in trying times. For many, the current state of the Denver real estate market has proved incredibly taxing. With interest rates at record lows and an extreme shortage of inventory, Rob shares his top tips for what buyers and sellers can expect from the 2021 real estate market.
For prospective buyers…
- Inventory is extremely low. While this isn't a reason not to buy, buyers should be prepared that there is a major shortage of houses on the market, compared to the plethora of eager buyers.
- Interest rates are also very low. Part of the reason that inventory is so low is due to the fact that interest rates are at record lows. "More people than ever have realized that because of low-interest rates, buying a home is now feasible for them." According to Rob, renters, in particular, are eager to upgrade their small spaces in favor of a house and even a yard.
- Expect to go over asking price. When looking at homes, buyers may be wise to look at properties that are listed at $10 - 20K below their means because they most likely will need to offer at least $10K over asking price to win a bid.
- Be flexible. According to Rob, prospective buyers may need to alter their previous priorities and expand their search criteria. Buyers might need to look at homes in a few different areas and accept that they may have to sacrifice some items on their checklist. Furthermore, competitive buyers may be wise to waive inspection items. This is not to say that buyers won't find their dream home, but rigid expectations won't serve anyone in such a competitive market.
- Be prepared to write several offers. "I have had some clients make 15 - 20 offers before getting one accepted," says Rob, "This can be daunting, but unfortunately, it's the reality of the current market."
- The transaction process will likely take longer than usual. This is the result of several factors. The pandemic has certainly slowed things down, as people are letting fewer people into their homes for inspections and tours, but because there is so much competition, that also means more showings and more offers. It is still possible for the transaction to be completed in 30 days or less, but in some cases, it could be much longer.
- All is not lost. Although the market is competitive, there are still great homes available! Current homeowners are also seeking upgrades, which means there is constantly new real estate becoming available. Rob's best advice to his prospective buyers is to simply write a strong, clean offer and trust the process. The offer should be well within their comfort zone, being mindful of potential add ons and changes in appraisal. "It is still entirely possible to find your dream home, even in the midst of a competitive market.
For prospective sellers…
- Have a realistic timeline. As previously mentioned, many sellers are also buyers! People who fall into this category should be realistic about their timeline and be cautious about not listing too soon. This is a tricky balance to strike, but the right real estate agent can help a buyer/seller navigate this process with ease.
- Price strategically. Just because there is so much demand doesn't mean a seller should list their home at exorbitantly more than its value. This will be off-putting to buyers and potentially could result in the home lingering on the market for longer than necessary. Instead, sellers should list their home at a reasonable price which will most likely bring in more offers and result in a competitive final offer.
- Maximize the home's appeal. "Just because it's a hot market doesn't mean your house can be a hot mess!" Rob advises sellers to not scrimp on the things that make a huge difference in the home's overall impression, i.e., professional photographer and presenting a clean, well-staged space. "If you fail to maximize your homes' appeal, you're simply leaving money on the table."
Just last month, NextHome was ranked as the #1 franchise in the country, according to the Franchise Business Review. With over 500 offices in the United States, NextHome is an excellent, ever-growing network to be a part of. However, the real benefit of partnering with NextHome Altitude is the opportunity to work with Rob himself. Rob Barber's commitment to his clients, their success, and an ongoing relationship is unmatched. To learn more about working with Rob, visit http://nexthomealtitude.com/.
CONTACT:
Email: robb@nexthomealtitude.com
Phone: 3035786816
Mailing Address: PO Box 17427 Denver, CO, 80217
SOURCE: NextHome Altitude
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