According to a new study, more houses are dropping their prices than in recent years. Does this mean we are headed toward a buyers market? The headline makes the suggestion, but if you read on, you’ll notice that 14% of houses dropped their price means that 86% did not! Hardly a buyer’s market. Even so, it’s important to recognize that even in a seller’s market there are lulls. Back to school season in Colorado means a major lull in the market. Pricing below comps is the best strategy this time of year.
What you MUST know about the real estate market
Real estate investing is about obtaining passive income, but the passive part comes long after a lot of research and hard work. The gains in real estate can be significant, which means the losses can be equally so. The more you educate yourself the better. Here are 13 tips from real estate experts that apply to every real estate market. Always keep learning!
Ongoing: Attention Denver Citizens and Landlords!
Denver City Council has proposed to require landlords to accept Section 8 tenants by adding “source of income” to the list of things a landlord cannot ask about or consider when selecting a tenant. Some landlords love Section 8 and some hate it. If this bill passes, you no longer get the choice. Read the proposed bill here. If you live in Denver, call your representative and offer your perspective.
QUOTE OF THE WEEK
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.“
See you soon,