If this Spring’s real estate market is any indication of the type of summer first-time homebuyers are going to have, get ready to move, and fast! We sat down with Red Chair Realty agent Dan Klinglesmith to hear about his recent experience with first-time homebuyers and the advice he has for others this summer.
Q: How did you meet your clients or how did they find you?
Dan: I met my clients at an open house I was holding. We connected and talked about first-time home buying as they were renters and looking to buy a home to reduce monthly expenses and build their financial future. Since they were not looking to buy until the following year, we stayed in touch and I sent them examples of houses that might interest them.
Q: What did you advise your clients to do once they were ready to buy?
Dan: When they were ready to buy, I hooked them up with a local lender who got them a great loan tailored to their goals. Once they were prequalified, I scheduled a few showings of properties that I believed met their goals after consulting with them at length.
Q: So, buyers should be pre-approved by a lender before going out with a realtor?
Dan: Yes, absolutely! The buyer needs to work with a lender to get pre-approved so that they really know what price range and terms are available to them when considering a property. And a lender letter is needed to submit an offer; call it a “license to shop.”
Q: How long did it take your clients to find a property and put an offer in?
Dan: It took them one day to find a property. I had a few showings setup for them and it just so happened that the first property we saw fit their style and needs perfectly, so we put an offer in right away.
Q: Wow, it only took one day?
Dan: Speed is of the essence in this competitive real estate market. My clients went into this experience knowing how quickly the market moves here. They knew what they were looking for and I helped them find it. Buyer’s in general do not have much time to “think on it” these days, they need to mentally be prepared to make a decision, work closely with a realtor on a strategy, and then go for it!
Q: What made your offer stand out from the other multiple offers on the table?
Dan: I structured and negotiated a competitive bid that offered favorable terms. I was able to obtain the right balance for my buyers and the seller. Being able to find that balance in any real estate transaction is challenging (especially in this seller-dominated market), however it can be achieved.
Here at Red Chair Realty, Dan Klinglesmith, along with our team, is busy gearing up for this summer’s competitive real estate market in Denver. We have had five properties go under contract just in the past week! Our Red Chair team is making sure that our clients – buyers and sellers – are best positioned to achieve their real estate goals.
Dan Klinglesmith – 720.219.9405 / firstname.lastname@example.org
Red Chair Realty Office – 303.761.3531 / email@example.com