There are currently 192 blog entries related to this category.
EVEN IF YOU’RE NOT PLANNING TO SELL YOUR HOUSE ANYTIME SOON
(OR EVER), I’D LOVE TO COME BY AND...
- See what you have done with the place! If you have made any changes, added on, knocked down walls, or even just installed new tile -- we would love to come on by and check it out -- we love that stuff!
- Discuss any renovations, additions, or improvements you are thinking about making to improve the chances that you will see a Return on your Investment. Some home improvement projects pay back big when you sell your house...others, not so much. We can help you decide whether or not to build a deck, replace the kitchen cabinets, install new flooring...whatever you are considering, we can help you determine how to prioritize and invest in your home.
Paying over list price to nab your next home can be hard to stomach for many buyers. Often, appropriately priced homes in the Denver metro region sell quickly and receive multiple offers. In fact, last month, 48% homes in Denver’s urban neighborhoods went under contract in 7 days or less and sold for 102% of their original list price.
The seller and the listing agent determine the list price based on the current market and by comparing recent sales of similar homes. If priced well, the home will fall within an identifiable range based on those sales. Understanding that there is a range - not a magic number - is one way to overcome this mental hurdle.
To ensure the home is priced appropriately, ask your Realtor to look at sold and under contract…
What are the out of pocket expenses that will come up when buying a Denver home? This is a great question and one of the first that I cover with new buyers when we sit down to talk about the buying process and what to expect. The loan that most people get covers the actual cost of the home, but there are going to be additional, out of pocket expenses you will be responsible for from the time you put a house under contract until you get to closing. It is best to know about these up front so they don't come as any surprise and can be planned for.
To help guide you through the buying process a little easier, we put together this flyer. These costs will vary depending on the property but this is a general guideline of what to expect. As always, make sure to…
Yes, it's true! You can get a grant to help you to buy a home in Colorado!
The Colorado Housing and Finance Authority, or CHFA, was created in 1973 by the Colorado General Assembly. CHFA’s mission is to increase affordable housing and economic development in Colorado. Effective February 2, 2015, CHFA will be offering their popular down payment program as a grant instead of a loan! The grant will be:
- In the amount of 3% of the first mortgage loan!
- Can be used for down payment, closing costs, and/or pre-paids.
- Have a middle credit score of 620 or higher
- Meet income and purchase price limits.
- Complete a CHFA-approved homebuyer education class prior to loan closing
- Contribute a minimum of $1,000 toward the
It is no secret that Denver’s real estate market is red hot. Limited availability and rising home prices continue to put Denver’s real estate statistics on the front page of national blogs and economic publications. Although many are timid to test their buying power in this market, real estate professionals will argue that there has never been a better time to invest. In order to be a successful buyer, you need to know exactly what you want, and what is available to you and your budget! Knowledge is power, and the more knowledge that you have in this market, the more likely you are to succeed.
This blog will be the first of many that will be comparing and contrasting what kind of real estate investment your money can buy you in Denver’s market. I will…
How much does renting instead of buying really cost you? There have been reports coming out pretty consistently the past few years showing how much more it costs to rent in Denver verse buying. It is about 50% cheaper to buy rather than rent in Denver right now which equates to a couple thousand more to rent per year. Depending on your situation, the flexibility might be worth it. But how much does it cost you when you look at it over a longer period?
I found this great article on Market Watch about the $700,000 plus mistake that nearly six out of 10 millennials will make, click here. It breaks down the difference between renting verse buying for the standard loan term of thirty years and the results are startling.
Considering that the median home…
Now might be the best time ever to refinance your home because rates are near the lowest they have ever been and because of new FHA rules, you could greatly reduce your mortgage insurance. I've played the refinance game for years now, every time the rates drop, I refinance a little lower. I honestly thought I would never have the opportunity to refinance again. But I met with a lender today and he told me how low rates have dropped so I'm rushing to send over all my information to him to get the process started for my house and rentals right away. Below are two main reasons why refinancing makes so much sense.
1) Interest rates are near the lowest of all time. I was quoted 3.75% today for a 30 year fixed mortgage and 3.125% for a 15 year fixed…
2015 is going to be a great time to buy for first time buyers and those with low down payments. FHA recently announced some major changes that make their loans much more affordable again and a real option for first time buyers and those with lower down payments. And conventional loans have become available for those with 3% down for the first time ever. With incredibly low interest rates, one of the hottest markets in the country and now super affordable loans, there may never be a better time to buy in Denver.
Here are a couple updates that make buying so much affordable and more possible this year.
1) FHA just announced reduced mortgage insurance premiums for 2015. Most buyers I know opted to put 5% down last year to get a conventional loan over…
What is the Denver Real Estate market going to do in 2015? I wish I could tell with certainty what it is going to do, but we all know that is impossible. The next best thing then is listening to what the experts have to say and trying our best to predict based on that.
The Real Estate numbers in Denver the past 3 years have been pretty incredible and each year we wonder how it can continue. If you look at some stats though, it is pretty easy to see why it has happened and why it will continue. In 2014, 56,000 people moved to Denver County alone. That's not the metro area, that is Denver County! So when we wonder how all the new apartments being built are going to be filled, I think now we know. Over 85,000 people moved to Colorado last year and a…