Sunday, September 09, 2007

Investors Prowling around Denver

I was visiting with some folks the other day who had taken their home OFF the market and out of the MLS and decided to try it on their own. They complained they had only 2 showings in 6 months and since they went on the market as a FSBO they have received 5 offers!

WOW, I said and asked had they accepted any of them. They explained that no, they were all INVESTORS who wanted to buy their home for 100k less than they were asking.

Two things this tells me... 1. Denver is prime for a turn around as there are investors buying homes. 2. Those same investors do not want to buy at market value and are afraid of working with Realtors who have property listed.

Any comments?

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