Exciting New Listing In Cherry Creek North
One of a Kind Oasis Featuring a Highly Desirable Main Floor Master
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Denver Real Estate Monthly Breakdown
The Disruptors: Ever Changing Real Estate Forces- The Good, the Bad and the Ugly
A current topic across multiple industries is the effect of "disruptors", i.e. emerging companies that are challenging traditional market practices. There are disruptors in every industry, but they are particularly impacting the world of real estate. Each real estate disruptor offers something slightly different: some are flat fee- based, some are discount brokerage-based, some are exclusively internet-based, and some are time-based, promising to "sell your home in one day." While we always appreciate challenges that keep us on our toes, these new players in the field are often lacking critically important skills that cannot ever replace an experienced agent’s value.
Consumers are barraged with new options today. Real property is often a consumer’s most significant financial asset. Sellers need to know that they are receiving top dollar for their investment. They also need the confidence that their agent has the knowledge necessary to navigate through the potential pitfalls of a transaction in order to bring the deal to a successful close. In turn, buyers want the assurance that they have paid a fair price for their real estate purchase and that they have a sellable product for the future.
Many of these disruptors suggest they are providing a ‘streamlined’ approach to the process. Some are exclusively on-line. Some promise "no showings." Others offer a "one stop shopping" benefit bundling the sale/purchase of the home with in-house lenders and title companies. However, these companies cannot offer the level of expertise and time that buyers and sellers need in order to truly maximize their investment. There is a big difference between a streamlined approach and taking shortcuts that will undercut returns for a consumer. For example, a seasoned negotiator can save the client several thousand dollars at the time of negotiation or through the inspection process. Providing relevant and comprehensive market knowledge to appraisers can "save' a transaction that might otherwise fall apart. A realtor's expertise in reviewing and assessing multiple offers is another critical element of a Broker's value. Vetting offers in speaking to other brokers, lenders, and assessing how specific elements of a home, like the floor plan, can impact value in a way that cannot be supplanted by an algorithm or a machine. Real estate brokers are advisors as well as "transactors." They can provide guidance including steering a Buyer away from an inferior home, or counseling a Seller on the most advantageous timing to sell their property.
In short, you pay for what you get. Why would you ever want to jeopardize your most important asset? We’re here to stay and will always be there for our clients.
Mid Year Market Review- How is your Home Value Faring?
$1 Billion —> $100,000? This headline caught our eye….
Talk about a loss! Check out this crazy story of investment gone wrong just outside Los Angeles: LA Times: The Mountain