Multiple Offer Madness

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If you have been looking for homes in the 250-400k price range on the West side of Denver, you have probably experienced the shock and awe of multiple buyers bombarding the same  home you are looking at.  Showings are stacked on top of each other, with a long line of buyers pushing past each other in the hallways of these homes.   I recently showed a home, and we were 1 of 100 showings in 2 days.

In almost every case in this price range, there are multiple offers.  I am not talking about just a couple offers, but in many cases 14 or more offers!  Alot of people think this is the best of times for the real estate agent, but this is actually not true at all.  The buyers we work with are often frustrated, discouraged, and tired from writing multiple offers on many different homes with little luck.  If our buyers are not happy, then we are not happy, period.  As a result we are working very hard to try to find ways for our buyers to win, and get the homes they want.

So how can you stand out in a market like this?  Is there a way to win the home if you are not the highest bidder?  We believe we have a formula that helps our buyers stand out, as well as compete if they are not the highest bidder.  We have won several homes this way.  Its important to look at all factors of the real estate transaction, and really ask what is important to the seller besides just the highest price.  Here are a few key things we focus on.

  1.  Having a good lender who communicates well on the buyers behalf:  We have lenders call and introduce themselves to the sellers agent, and talk up our buyers and their qualifications.
  2. Treating the sellers and their agent with respect:  We realize we will not get anywhere by being rude or demanding.  So we go out of our way to reach out to the agent, and ask them what they need for a successful transaction.
  3. Tell your story: We have found that when our buyers write a letter and tell a little bit about themselves and why they love the home, it can go a long way.
  4. Other dates and deadlines:  There are other deadlines, and contingencies that are important to a seller.  We ask about closing dates, appraisal deadlines, down payments, loan conditions, inspection deadlines etc.  Finding out what a seller needs in these areas can help a lot as well.
  5. Graciousness:  This market is tough on buyers and sellers.  We strive to be gracious whatever the outcome, and it is amazing how that comes back to us sometimes.

If we can help you in any way, or if you want to just talk through the market, we would love to have a conversation.  You can reach me at 720-891-5751, or check us out at http://www.foxgroupgolden.com

Townhomes and Condos in Golden, CO

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Millstone/ Gateway Condos in Downtown Golden

Podcast of latest sales and prices in downtown Golden click here

There are several options for condos and townhomes in the Golden Area.  I will list a few of the main ones below, but feel free to contact me for more options as well.

The Millstone Condos in downtown Golden border Clear Creek and have great walking access to downtown Golden and its restaurants and shops.  It is also an easy walk to clear creek, numerous bike trails, Parket Park,Lions Park, the Golden Recreation Center, the Coors Brewery and other local breweries and much more.  These condos range from 1 bedroom units starting at 866 sq feet up to 3 bedroom units of more than 2000sq ft.  These popular condos sell quickly and currently range from the high 400’s on up.  The amenities include heated underground parking, newer interior with granite, open floor plans, porches, great natural light and much more.

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The Gateway Condos are on Washington Avenue just above the shops and restaurants that line the street.  These Condos also range from 1 bedroom units up to 3 bedroom units.  Many have views over Washington Avenue and the foothills beyond Golden.  These Condos have great amenities as well with underground heated parking, upgraded kitchens and baths with granite, open floor plans and much more.  The Gateway Condos also have great access to all the restaurants and shopping found on Washington Avenue and the nearby parks and Clear Creek.

On 8th St just north of downtown there are several small townhome communities.  They sold out very quickly when built, but are just a couple years old.  A 4 Bedroom 4 bath townhome just listed at 1050000 and went under contract with multiple offers.

There are also several townhomes near Colorado School of Mines on Maple and 11th St in downtown Golden.  Also the Kinney Run Townhomes are popular townhomes right next to the Fossil Trace Golf Course as well.  These townhomes are ranch and two story plans with basements, starting in the mid 450’s.

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There are more townhomes just north of highway 58 on 6th St. as well as around Loveland Mine Park called the Canyon Point Villas.  These townhomes are very accessible to Golden via the bike trail and many have great mountain views to the West.   Canyon Point starts around 540k and up.

South of Golden there are more affordable condos and townhomes as well.  Feel free to give me a call or check the current listings by clicking on the Golden Towhomes link below.

Golden Townhomes

For more information contact Jeff Fox of The Fox Group at Fathom Realty at 720-891-5751.