Buying New Construction in the Denver Real Estate Market
TeamCox had the pleasure this week of helping a young couple with the U.S. State Department transfer to Denver from South Carolina. All of the pieces were in place to make this one of the most fun transactions this year. The Thompsons are excited about their relocation, their South Carolina home sold in one week and best news of all, Cindy is pregnant with their first baby.
After fully exploring the re-sale market, they wanted to see what the new construction market in Denver had to offer. Yes, there is still a new construction market within the Denver real estate market.
The base price of their new 2,000 square foot home on an 8800 square foot lot included the following:
- $10K in closing costs if they used D. R. Horton’s lender
- Air conditioning
- Full landscaping package
- Full back yard fence
- Structural concrete flooring in the basement
- 3-car tandem garage
Acting as their buyer’s agent, Jim was able to negotiate:
1. A $2500. G. E. stainless steel refrigerator
2. $2400 in carpet and tile upgrades
3. A $1000 referral fee to Cindy’s parents who live in Ft. Collins, CO.
The time could not be better to buy a home in Denver. The time is especially good to be buying new construction. Below is Mark Thompson’s unsolicited testimonial:
“Thanks! And it was a pleasure to work with you and Jim. I’m sure he’s heard it a million times, but he displays remarkable patience. Also, we wouldn’t have been able to negotiate the free extras as well as he did. He made it very difficult for Nancy to say no!”
Mark and Cindy Thompson
November 2, 2008
If buying a home, new or re-sale is in your future, please contact us, so we can help you find a great buy. We are convinced the Denver market has bottomed out and we will even see rising home prices by mid to late spring 2009!
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