Springing forward in residential real estate is equivalent to March Madness in college basketball. Now is the time to choose the brackets and select the winner that will bring your home to the enviable position of the Final Four, the short list. As open house signs pop up all over the metro area and cars loaded with buyers are seen driving around neighborhoods, maps, smart phones and Ipads in hand, the search brackets down. Just as the Final Four center court bracket lays out, so does the buyer/seller home bracket...region pitted against region or neighborhood to neighborhood. If a homeowner was to strategize with a bracket, the start date would be now, prepping the home for the first weekend of competition or putting the home on the market against 60 plus other homes and this is considered the second round, the first round was narrowed via the internet. The typical home in Cherry Creek North would compete against the east and southeast region of the Denver area, Cherry Hills and Greenwood Village, likely candidates for fierce competition. The west and southwest regions would include Littleton, Lone Tree and Castle Pines Village or other gated/golf communities. Then there is the constant influence of the central region with LoDo, Riverfront and the Highlands bringing more players to the dance, in addition to the areas that are considered to be on the "bubble"...Boulder, Evergreen and Parker. Round three only narrows the list of available homes down, the number of neighborhoods reduce as well but not until the Regionals begin. That fourth round of regionals will narrow the playing field down to one or two neighborhoods and one or two micro-neighborhoods, the search narrows to a Sweet Sixteen. The Sweet Sixteen takes possibly one or two days to bring the working number to a shortened list of eight down to the ultimate semi final and final round, the Final Four. In less than a month, a home could be listed, visited and purchased during the ultimate of selling seasons with the right strategy and the right team. Whether you are a buyer or seller, your first priority is to connect with a Realtor that will position you in the marketplace, do not get passed over.
Let the games begin!
posted: March 14, 2011 - Judy's Denver - Blog
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