Denver Real Estate by Denver Neighborhoods

“I expect the buying season will be moved up,” says Jim Gillespie, CEO of Coldwell Banker. Sales “are going to take off in February and March and really take off in April. … My concern is that the move-up buyer hasn’t thought what they need to do. Their window is really short. They have to coordinate closing dates.”

The average time it takes to get a home loan processed is about eight weeks now — two weeks more than it used to be, according to the National Association of Realtors.

The tax credit’s impact on 2010 home sales is uncertain. Some economists expect the credit to pull sales that would have occurred later in the year into the first half.

“The tax credit will absolutely have an effect,” says Pete Flint, CEO of Trulia, a residential real estate search engine. “It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand.”

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If you are seriously considering putting your home on the market, let’s talk! As you can see from this article, there is an early spring market about to boom with the tax credit deadlines looming around the corner and buyers need ample time to not only look for a home but then they need roughly 6-8 weeks to secure their financing. That means as a seller, if you are thinking of listing your home, you should consider getting it on the market ASAP! I am happy to provide a free market analysis on your home and also offer a listing discount to you if you also purchase a home utilizing my services. Call or email me for more information!

Deb Goetz