Karl Lueders, along with the help of BBVA Compass in Park Hill, Denver, sold a unit at 2441 Broadway last week. This sharp 1BD condo in the Silver State Laundry building, just north of LoDo (make sure to capitalize that D), faced other competition in the same building, but had better staging, better “curb” appeal (in a condo, it’s what you see when you walk into the main living area for the first time) and a realistic seller. Demand is high across the board for Denver real estate, but buyers are savvy and won’t be willing to overpay for much (save east Washington Park).
What also helped Lueders and his sellers was the ability of BBVA Compass to create a loan product that give buyers the opportunity to become primary residents in condos, giving these great buildings a chance to reclaim a greater percentage of owner-occupancy and the ability to be recognized by FHA as a viable condo building.
Undoubtedly, Denver’s real estate surge has been fueled by recent news items, as well as the low inventory, but as we just told one client looking to relocate from Idaho: Denver has three things totally buzzing right now: city life, outdoor life and the economy.
Don’t hesitate to contact Karl Lueders or his friends over at Denver Condo Help to find out how you can not only list your condo, but sell it to a qualified buyer who can actually close!