In light of the changes and recent events directly affecting the real estate market, here are some questions you might find yourself asking. Should you buy your next house without a RE/MAX Alliance Associate to walk you through the paperwork? Do you need someone else to help you understand how your finances are affected by the decisions that you make in buying or selling a house?
Some think that you should be perfectly ok on your own. This school of thought believes you can navigate the ever-changing and often confusing legalities of zoning, building codes, legal disclosures, price and term negotiations, and the like, all of which can deeply affect your emotional and financial health for years to come; but… by yourself, without the expertise of a professional? A licensed real estate agent offers the legal covering of fiduciary responsibility to you, the client, to guard your best interests and watch over every detail of your real estate transaction.
Due to the ease of researching vast amounts of information, easily and instantly accessible thanks to the internet and world wide web, there is no reason you couldn’t check out neighborhood details and sales prices. However, interpreting the available information takes a certain level of ability and experience. Additionally, a specific educated skill set is required to take into consideration laws and regulations that may affect your legal responsibilities to a buyer or seller concerning disclosures, inspections, contract inclusion, and more.
Now factor in the emotions that come into play for most of us when buying or selling a home. It may be safe to assume that having a professional to assist and deal with the intricacies of not just the paperwork, finances, and inspection coordination, but all of the other aspects of selling or purchasing a home is probably a very good idea. Across the Colorado front range, smart people did just that in August, with 8826 homes available for sale, and 8410 making their accepted offers within 28 days of their chosen home going on the market. Low interest rates likely aided the affordability of the average sales price of $561,406, an increase from the average of $507,826 from August a year ago.
Home sales and new listings are up overall across the front range area. Expectations for the remainder of 2020 and through 2021 are high, as the market activity currently shows no signs of slowing. If you are seeking to buy or sell in the Colorado front range, be assured your local RE/MAX Alliance Associate is prepared to assist you in interpreting the data and navigating through to a successful sale.