Denver still tops most U.S. cities for home-price gains

Denver still tops most U.S. cities for home-price gains The year-over-year pace of home-resale price gains in metro Denver eased a bit in April from previous months, but the Mile High City still led most others for percentage price gains. Prices in the Denver area rose 9.5% in April from a year earlier, nearly twice the national average gains. That follows Denver’s year-over-year gains of 10.0% in March, 9.7% in February and 10.2% in January. In April, only Portland (up 12.3%) and Seattle (up 10.7%) saw greater year-over-year resale price gains out of 20 cities tracked by the report series. Read article – Denver Business Journal

Help Your Buyers Win a Bidding War

Share the following tips with your buyers to help them come out ahead in a bidding war: – Get preapproved for a mortgage – Have a strong start – Know what you can you most afford and bid accordingly – Waive the mortgage contingency, but … Sellers tend to prefer offers that are not contingent on the buyers’ ability to obtain financing – Don’t just bank on the letter – A heartfelt letter attached to your offer has gotten some buzz lately as a winning strategy. – Cash – It’s one of the best ways to win a bidding war Read article – Realtor Magazine

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