Vail Daily column: Persistence will help you find your home
Ask a Realtor
We have been looking since June for a property the right size and location for us and our friends and family that will visit us in the Vail Valley. We have made offers on three homes, only to discover twice that there was another offer accepted before ours got there, and once it became a multiple offer situation and we pulled out. All of this happened in the past 30 days. It did not seem like properties were flying off the shelf until we got serious enough to write one (or more) offer. Do you know something we don’t know? I am disappointed, but also just very curious.
Dear Almost Buyer in the Valley:
I am sorry to hear you have missed a few times, but that is not an uncommon story, especially this time of year. The missing piece in the information that you provided is your price range. If you are looking for properties less than $500,000, that can happen easily, due to the lack of inventory in many places, at any time of year. When you get to the $800,000 to $1,500,000 range, you are right about how the good ones are appearing to be flying off the shelf.
I believe that this phenomenon does intensify this time of year because of the Squirrel Theory, a concept I have named. It means that at the first hint that the beginning of fall is here, we see buyers scurrying around like the squirrel instinctively does, getting ready for winter. Add this to the lack of inventory that we also experience as summer winds down, and you make the case for some occasional bidding wars when a new property, fitting the right parameters, hits the market.
Remember, new properties do enter the market every day. The best answer is to stay with it with a dedicated, hard-working Realtor who will be there to send you information on updates the minute they come on the market. Most seasoned Realtors hurry to look at new listings and are familiar with writing contracts late info the evening or early mornings to secure the best opportunities for our clients. Don’t give up — we have many great properties in our valley and the right one will come through you and your Realtor’s persistence. Good luck.
Joan Harned is an owner and broker for Keller Williams Mountain Properties and heads up Team Black Bear, her own real estate team. Harned has been selling real estate in Eagle County for 27 years, is a past chairman of the Vail Board of Realtors, past Realtor of the Year, past director on the Great Outdoors Colorado Board and a member of the Luxury and Land Institutes. Contact Harned with your real estate questions at Joan@TeamBlackBear.com, 970-337-7777 and http://www.SkiAndTeeHomes.com.