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'The sky is not falling' Denver realtor says it isn't what you're hearing in the real estate market - LikeRE

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'The sky is not falling' Denver realtor says it isn't what you're hearing in the real estate market

By Michael Madsen in General 27th Aug, 2022 Video Duration: 00:01:13
DENVER – A recent report from real estate brokerage firm Redfin shows the Denver metro area’s housing market is among the most vulnerable during an economic downturn.

With recession fears and higher interest rates contributing to a shift in the market, a Denver realtor proposes you take a more balanced look at the recent headlines.

"Hi, my name is Laurie Abby, I am the CEO of the Abby collection at Compass real estate.

And the one thing I want buyers and sellers in Denver, Colorado SmartThings to know is that the sky is not falling. It isn't what we're hearing out there in the marketplace.

If you're a seller, and you price your home correctly, and you get it ready, and you stage it, and you do all of the right things, your house is absolutely gonna get sold.

If you're a buyer, it's also a great time because there's some opportunity, a lot of sellers and pricing a little bit too high because they're going to things that happened in the spring.

So if you're a buyer, you have an opportunity to get some things that were priced a little high and get them a little bit under market value. You do need to still pay asking if it's if it's priced well, and you will have the opportunity to get some things on inspection where we haven't had that for the last year or two. It's been all the power has been all in the seller stand.

So it's actually not a bad time. We're back to when the market was a little bit more balanced for everybody"

Got a different take? Buying or selling a home in the Denver metro or anywhere in Colorado? How's your experience? Share your story here: https://bit.ly/3xKq9KE

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Comments (3)
  • Paula Workman
    We need to spread reality not sensationalism
    3 years ago
    Reported
  • Paula Workman
    Don’t remember where we were chatting yesterday
    3 years ago
    Reported
  • Paula Workman
    Yay opportunity not carastrophe
    3 years ago
    Reported

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