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The following article was published in our article directory on September 7, 2013.
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Article Category: Real Estate
Author Name: Priscilla OConnor
The economic recession that impacted the Denver real estate market had profound effects on home prices and ownership opportunities. The good news for current owners is that the market is on the rebound and home's prices are better than a few years ago. If you are looking to invest in a Denver property, it's safe to once again enter the market of buying and flipping. With home values on the rise, the purchase of an investment property can yield significant profits. The bad news for buyers is that there aren't a lot of homes on the market as of 2013 – however, you can still find some great opportunities and listings may continue to grow.
Increased Value
The market value of homes in Denver has been on a general incline. Depending on the neighborhood in which a house or condo is located, the property value may be up by more than 10 percent between 2012 and 2013; while values are not always as high as they were around 2007, this is still marked progress. As home values continue to rise, it becomes more lucrative to purchase a home in Denver, whether for use as a residence or as an investment. With the right strategy and home improvements, you can likely flip a home for a profit or rent it out each month.
Shortage of Homes
While the values of homes in Denver may be increasing, there are not a lot of homes on this Colorado real estate market. The lack of inventory makes the Denver real estate market favorable to sellers, who have a rare commodity on their hands. This climate makes the opportunity to flip and sell a home quickly a very real possibility. There are so few homes currently on the market, that some homeowners who have not even listed their properties are receiving offers to purchase their homes.
Multiple Bids
Thanks to the seller's market, homeowners are seeing multiple bids on their homes when they go up for sale. With a shortage of available properties, even though homes are not as cheap as they were a few years ago, owners can still field at least 3 offers in many cases. As an investor, this puts you in a good position to ensure that you maximize your profit potential. Naturally, the amount of offers you receive will depend on the quality of your renovations, the neighborhood in which the property is located, and how well you advertise the home.
Whether you're thinking of selling your house quickly in Denver, or you're a real estate investor looking to fix-and-flip, call InvesthappyCO.com at (303) 872-4777 to find out how to take advantage of Denver's real estate opportunities!
Keywords: denver real estate,denver real estate market,colorado real estate,real estate investing,real estate advice,buy and sell houses,fix and flip,wholesaling houses,denver property investors,denver flippers,denver wholesalers
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