What is available in the Denver housing market this autumn? Here is a rundown:

New Construction Before Year’s End: I received a list of Richmond American’s inventory yesterday, and wanted to share a few thoughts with my perspective homebuyers. There were many homes available in all price ranges. New construction in the Denver area is fresh on my mind, ever since we helped a young couple purchase a new D. R. Horton home last week. Homebuilders are compelled to bargain in this challenging market. We are able to negotiate bonuses, lot upgrades, decorator upgrades, closing costs and more!

Pre-Foreclosure and bank owned homes:  There is still an inventory of distressed sales in the Denver real estate market, but they are going fast. We do not expect them to be a huge factor in 2009, so act fast!

Homes that need updating:  Homes with dated interiors, poor color choices, or neglected yards are usually the last to sell.  These homes can present a great opportunity for buyers who are willing to put some time and effort into repairs and upgrades.  One of our clients recently purchased a home for $167,000. While we knew this was a great deal, we didn’t realize how good of a buy it was until the appraisal came in at $180,000.  Even the lender’s appraiser was impressed!

Don’t wait. There are so many folks out there that lament the “could of,” “should of refrain,” so don’t be one of them!  If you have questions regarding inventory in the Denver real estate market, please contact a TeamCox member at 303-400-6060.

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