Tips for Home Sellers

There are currently 308 blog entries related to this category.

How much of a down payment do I need to by a Denver home? Or, I don't have enough saved for a down payment yet. These are the two most common questions/statements I hear when starting to talk with potential home buyers. I am very surprised to hear that most potential buyers feel they need 20% down to buy a home when in fact, I would say 75% of the buyers I work with end up putting less than 20% down when they finally do buy their home.

The advantage of putting 20% down is that you don't have to pay a for mortgage insurance. Mortgage insurance is a fee that is added on to your monthly payment to help protect the lender until you have 20% equity built up in the property. While in theory this is a best practice, in reality, saving 20% for a home

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Is now a good time to invest in Denver Real Estate? I get the question a lot and the answer is YES! The rental market is even crazier than the Real Estate market if you can believe that with right around a 1% vacancy rate for rentals. Rental rates are the highest they have ever been and with these crazy low interest rates, you can cash flow a property in a manner that has never before been possible.

I've been investing in Real Estate for about 6 years now and since I bought my first duplex I've seen the monthly rents go up six hundred dollars a month. I've seen the largest increase in the past 3 years and expect when I rent it again next year I will be able to ask even more and it will rent the first day on the market once again.

To invest in Real

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Yesterday I wrote about how mortgage interest rates are the highest they have been in the past year and how it looks like they will be hovering around 4% for the foreseeable future. To read the full blog, click here. Now that we have an educated guess as to what rates will do most likely the rest of summer, it only makes sense to look at how this will impact the Denver Real Estate market and what it means to buyers and sellers.


If we look at historical data, we see that whenever rates increase, so does market activity. This occurs because it gets a lot of buyers off the fence who think they have forever to take advantage of the low rates. And it also convinces renters that if they don’t do something quick, their chance to own for less than rent

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This week, mortgage interest rates hit their highest level in past year and it has a lot of buyers out there pretty concerned. With an average around 4%, the rates are still near all time historical lows but when compared to the mid to low 3’s we saw in September, it is a pretty significant jump. To find out why the rates are higher now and the long term forecast for rates, I turned to the expert, Tracey McVicker with SWBC Mortgage.


According to Tracey, “interest rates have increased dramatically over the past 30 days or so.  Most of this is because the stock market has been performing so well, which is usually to the detriment of the bond market, and thus rates. We looked to be having a bit of a rebound until on Wednesday May 22, after Fed

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In keeping the Denver’s next hot hoods theme going, this week I want to focus on Wheat Ridge. The hot part of Wheat Ridge is roughly 26th north to 44th and Sheridan west to Wadsworth. More specifically, the areas around 26th bordering Edgewater and just west of Sheridan from about 32nd to 35th around Panorama Park.


When I’m trying to identify which hoods should take off next, I look a lot at architecture and location. Wheat Ridge isn’t going to blow you away with it’s architecture, mostly it will be 50’s ranches with a few two stories thrown in. The location though is definitely what is driving the market in Wheat Ridge.


Wheat Ridge doesn’t boast a lot of colorful town centers like Highlands does, but it is just across Sheridan from almost

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Denver recently announced the Metro Morgage Assistance plus program as a way to help more buyers reach the goal of homeownership. This program provides buyers with a 4% grant, that does not have to be repayed, that can be used towards a down payment and or closing costs. 

There are a few guidelines that you need to meet in order to qualify for the grant in addition to qualifying for a regular mortage. These criteria include:

- Must make less than $91,100 for households of two or fewer persons (and less than $103,000 for three or more).

- Must have a minimum FICO score of 640 (660 for manufactured homes) and a maximum debt-to-income ratio of 45.

- Even though a significant portion of your down payment will be supported by this grant, you may

4,022 Views, 1 Comments.

Last week I did a blog post about Denver’s next hot hoods. I got a lot of interest from it so thought I would try to make it a weekly post. This week I’m highlighting an area I’ve been working in like crazy lately, North Park Hill.


North Park Hill is on fire right now and it really surprise me how not many people are talking about it. North Park Hill is roughly Colorado Boulevard east to Quebec and Martin Luther King Boulevard north to I-70. It is easy to understand why it gets overshadowed by true Park Hill with it’s stunning architecture and ever growing price tag. But like Edgewater and Wheat Ridge which are benefiting greatly from the growing price tag of Highlands, North Park Hill is reaping the same rewards too.

Architecturally, North

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I get asked all the time, what is the next hot neighborhood in Denver? As I’m out showing properties, and being on the constant look out as an investor myself, I’m always searching for the next hot hood for my clients to get into before it takes off. I recently read about the hottest hoods in the May issue of 5280 Magazine. While I agree with them, they aren’t exactly groundbreaking or surprising. So I thought I would dig a little deeper and give you my personal opinion on some neighborhoods that I expect big things from in the next five years. Each week I will highlight a new neighborhood and hopefully give you a few more options to think about.

I surprise most people when I tell them that I believe downtown is going to be one of Denver’s next hot

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If you haven't registered for Race to Your Next Place yet, now is the time. The Race is rapidly approaching on May 18th which is only 3 Saturdays away. There is a max of 250 teams allowed to race this year so make sure to sign up before we reach that magic number. 

Not only will you have the chance to win $10,000 and help out a great cause in Habitat for Humanity, there will be great door prizes, food, music and drinks. Plus, if you are looking for connections for local businesses in the area, it is a perfect chance to mingle with many of Live Urban Real Estate's favorite businesses and come away with a connection for a reliable plumber, quality electrician, top notch lender and favorite restaurant. We are so excited to have all of our sponsors

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