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April 18, 2013

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On right, Betsy Moser, broker and owner of Metro Brokers and Moser Real Estate Group, discusses the pros and cons of a home in Westminster with first-time home buyer Aisha Jackson. Aisha and her husband Jelliffe Jackson are looking for their first home in the north metro area. Photo by Ashley Reimers

Competition gets tight for home buyers By Ashley Reimers

areimers@ourcoloradonews. com

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or people in search of a new home, the race is on. Nowadays homes up for sale are going under contract within one to two days, forcing buyers to be quick on their toes. “Since January the market has flipped from a buyer’s market to a seller’s market,” said Betsy Moser, broker and owner of Metro Brokers and Moser Real Estate Group in Westminster. “Houses are going at full

Weeks

This Week: Home sales

price in just one or two days.” Moser said buyers are continuing to take advantage of available low interest rates, but the problem is lack of inventory. She said inventory is down 46 percent compared to last year at this time, and sellers are

seeing multiple offers. “My last four listings went under contract in just four days,” Moser said. “We are running around like crazy — people trying to put in offers as quickly as possible because the seller may or may not accept the offer because other people are out there trying to buy the same home.” Moser said one reason for the change in market control is the fact that people trying to sell their homes are holding back because they feel they won’t make any money on their homes. This hesitancy is a factor in the lack of inventory. But Moser said people trying to sell their home should take the

chance and put their house on the market because there are people out there looking to buy. Two of those people are first-time home buyers Aisha and Jelliffe Jackson who are on a serious look-out for a new home in the north metro area. The couple began their search six months ago but then took a break. Now they are on the prowl for a home with help from Moser. “We are looking for something different and unique,” Aisha said. “We would like a big yard because we have two dogs and a master bedroom that can be a retreat. A finished basement would be icing on the cake, but it’s not a deal-

breaker.” Jelliffe said he hopes to be in a home by the end of the month, making the search for the right home imperative. With both of their families far way, Aisha said guidance from Moser has been a huge help. “It’s good to have somebody who knows the area and has knowledge of the real estate market,” she said. “Normally we would have relied on our parents for this information, so it’s been helpful to have Betsy.” Moser said pre-qualification is the first important step in buying a home. She said without it, she can’t even put in an Home continues on Page 4

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