Denver — The quest for a home in the Denver metro can seem daunting, especially when you're looking to buy something under $300,000.
"When you’re looking under $300,000 dollars, those homes are on the market for five days," said Maralea Norden, a broker associate at Steps Real Estate.
When first or second time home buyers are looking in this price range, they need to be approved for a loan and be prepared to snag the house right away.
“You tell me what your wish list is," said Nikki Wiederaenders, a broker associate with PorchLight Real Estate Group. "If you can get 80 percent of that, that's a winner, write the offer."
In other words, buyers can't afford to be too picky. But that doesn't mean the home you'll get is a fixer-upper. In fact, that market is even more competitive, so you want something in between a gut job and perfect.
Norden said to look for places that need minor updates.
“If it’s not going to kill you or harm you, you might want to consider fixing it yourself," she said. referring to the inspection process.
Clients are always telling broker Andy Ahroon that they want a deal.
"There ain't any deals in Denver," he said. "The deal in Denver is when you buy the place today - a year from now you're looking back at the great deal you made."
These three realtors suggest people forget Washington Park and River North neighborhoods and start looking for condos in Mayfair and single-family homes in Athmar Park.
“This is not your forever house," Wiederaenders said. "This is your first house, or this is your second house."
Clients should be prepared to make five to eight offers on homes before they find one.
“Be brave, be patient and flexible," added Norden.
What do houses under $300,000 look like in the Denver metro? Take a look below - and click this link if you can't see the gallery.
