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- #31
Very true. We've been talking to a realtor already and it seems that things have slowed down a bit. Luckily we're not in that sub $500k price range where things seem to be crazy. We've identified a number of houses that we love that are sitting for a week or two before getting accepted offers. We're ready to move quickly, we have a MASSIVE down payment and have been pre-authorized for up to $1.8m already lol. At this point, I've bought and sold 5 houses (we used to own rentals) so we're decenly experienced.You probably already know this by now but your much bigger issue will be finding a home around here. Very low inventory and very high demand. Be ready to make a quick decision and offer if you plan to buy a home.
Good luck and welcome to the area!
Our plan is to move into a furnished executive rental until we find a house, hopefully, in a couple of months - this will give us time to learn the areas. Looking at Cherry Creek, Sloan Lake, Lakewood areas thus far. My wife's job is in Centennial and I'll be accepting a fully remote offer by next week.
Thank you for the warning though - I'm ready to get this over with and be settled! And the good news about the crazy market is that our current house will sell VERY quickly and we'll cash out big time. There's nothing in the local market in our price range, they get bought within days if not hours. Maximizing our equity here will help as we're about to at least double our house price.
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