Taking Advantage of the Current Market
Every four years, we face the uncertainties of an election cycle. Both sides often predict disastrous outcomes if the other party wins, leading to a climate of uncertainty in the markets.
What typically happens when uncertainty arises? People tend to hesitate, waiting until they have clarity before making decisions. A confused mind doesn't make a decision. So, how can we leverage this uncertainty in real estate?
I believe the current market presents unique opportunities. Many buyers have been priced out of starter homes due to rising interest rates. As a result, the homes they can afford often need some renovation.
What happens to these fixer-uppers? They stay on the market. After sitting unsold for a while, sellers become more willing to negotiate, leading to price reductions. I recently went to a showing of a home near other new construction homes. This home needed yard work, paint, carpet, and the systems were old. The seller didn’t want to do any work before listing the house, so it was discounted $75,000 below market. And guess what? It still didn’t sell.
For a home to sell in this condition, it needs to be discounted even more—$100,000 plus off. Now, if you are the seller, call me and I can help get the home ready, so this doesn’t happen to you. If you are the buyer, let’s get the house and put a little money into it for some sweat equity while things are on sale.
What if you could get in now and buy a house under market value in Denver? Interest rates are starting to drop. Don’t get priced out of your market. There are ways to add value and lower the payment to your home, like adding a mother-in-law apartment in the basement to gain rental income. If you are motivated, we will find a way.
I work with Atlas Real Estate, where my team and I have brokered over a billion dollars in real estate transactions. Atlas manages over 6,000 rental properties, giving us the expertise to help you navigate this complex market. Whether you're looking to buy, sell, or invest, we have the knowledge and resources to guide you.
Right now, we're seeing homes selling for $25,000 to $100,000 less than they would have last spring—especially if they need some work. This is a trend I'm observing in the market. Could the world end in November? Could World War III break out? Maybe. But people will always need a place to live, and real estate has consistently been one of the best long-term investments. I believe there’s a window of opportunity right now to secure your dream home at a lower price if you're willing to put in the effort to fix it up.
Real estate investing is a math problem; if you can master the game, it can add years to your life by giving you freedom and options. As a real estate analyst and broker, I can quickly review your portfolio and identify areas where we can add value. You can request a consultation by calling me at 303-514-8491 or visiting my website at www.ambitionpropertyinvestments.com.