Tips for Home Sellers

There are currently 277 blog entries related to this category.

One of the things I love so much about traveling abroad is seeing how other people live. I just got back from a couple weeks in Spain and Italy and could go on and on about the differences in everyday life I noticed. But one difference that really jumped out to me is the prolific use of motion sensor lighting. It seemed like every hotel I stayed in, every hallway I walked down and every bathroom entered had motion sensors for their lights and it got me wondering, why we don’t we have them everywhere here?

I never really thought about how much energy could be saved by using these sensors until I started to see them literally everywhere in Europe. Every hotel room we stayed in had motion sensors in the main room and bathroom at least. On top of that, they
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"I love my bank." That's said about as often as, "I hope I get the Swine Flu," and with good reason.

Four or five years ago, when the sky fell in the world of mortgage lending, banks understandably slashed their workforce. Now that rates are crazy low and demand for new mortgages and refinanced loans is crazy high, lenders aren't staffing up to handle the demand. With fewer employees and lower costs, banks are now making more than twice the usual margin on their loans. That makes them and their shareholders happy, but what does that mean for the rest of us?

That means hurry up and wait. Whereas the standard for closing a home purchase used to be 30 days, it's now 45 days, at least. Refi's can take even longer. So adjust your expectations if you're

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What do interest rates look like? Where are interest rates going? Are interest rates going to get any lower? After, “how’s the market doing,” these have to be the most common Real Estate related questions that I get. I try to keep track of the rates as best as possible but with them changing daily, it is hard to know and predict without watching them constantly what direction they are headed.

So instead of trying to guess on my end, I decided to ask a professional. Tracey McVicker is a senior mortgage consultant with SWBC Mortgage Company here in Denver. Tracey is constantly tracking mortgage rates and I thought who better to ask about what makes them go up and down than the expert who consistently gets my clients the best interest rates possible.

To best
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17. LoHi, Denver, CO

According to Forbes.com, the neighborhood of LoHi, Lower Highlands, is the 17th hippest neighborhood in the country. LoHi peddles rooftop bars, festivals like the LoHi Music Festival, street fairs, and the third highest number of coffee shops per capita in the study. For those of us that know LoHi, I’m rather surprised that it isn’t ranked higher based on the requirements used below. For the full list and to see how LoHi stacks up to the rest of the hipster neighborhoods in the country, click here.

To determine the hippest hoods in the country, Forbes states they did the following. “The San Francisco-based startup Nextdoor.com helped us dig through data on more than 250 neighborhoods in the biggest U.S. cities. We assessed each area’s walkability

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In an age when we are all trying to be more green, there is nothing worse than finishing moving and looking at the gigantic stack of cardboard boxes left over. Sure, they can be recycled, but since they aren’t going to fit into your purple bin, I would guess that most just end up in a landfill.

As an alternative, the next time you move how about checking out a new company called Denver’s Moving Boxes. Instead of buying cardboard boxes, you can rent hard sided, plastic boxes that are easy to pack and just as importantly, stack. Simply let the company know how many boxes you need, they deliver them to your door along with packing supplies and pick them up at your new house when you are done.

No more messing with broken cardboard boxes, packing tape and

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Do you find it surprising that if you buy a twenty dollar electronic gadget that you get an owner's manual for it, but when you spend $300,000 for a house, you get nothing? I realize it would be difficult to have an owner's manual for an entire house. It would probably be hundreds of pages and way too expensive to put together. But for such a large investment and for having so many working parts, it sure would be nice to have something to turn to when you need it most.

Luckily, for all homeowners, there now exists an owner's manual for your home. Meet Brightnest.com. According to their website, BrightNest is a free service that helps homeowners by providing customized tips, weekly reminders and step-by-step instructions on how to care for their home. When
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Have you heard of the Section 184 Indian Housing Loan Guarantee Program? The program was designed to offer home-ownership and rehabilitation opportunities for eligible Native American individuals, families, Tribes and Tribally Designated Housing Entities (including Indian Housing Authorities) on their native lands and within an approved Indian area as defined in HUD. It is one of the best mortgage products out there and the best part is that it applies to all homes in Colorado.

I spoke with a lender recently, Todd McManigal, who specializes in this program and he raved about all the benefits it provides. Looking over the highlights below, I see why. It is near impossible to find a loan with this low of down payment, no mortgage insurance and no maximum
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A short sale is a situation when the current owners of a home owe more than the home is worth and are behind on mortgage payments. Since they can't sell the home and get out from under it, as an alternative, the homeowner can go to the servicer of their loan and ask them to accept less than what is owed on the home if the homeowner can find a buyer for it. Oftentimes, the bank who holds the loan will agree to selling short on the home or taking less than what is owed on it for a number of reasons.

If a home goes to foreclosure, it ends up costing the bank a significant amount of money. First, they will rack up about $40,000 in legal fees. Second, they have to sit on the home for an average of 9 months or so while the foreclosure process goes through the
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Buying a home in Denver is 56% cheaper than renting according to a new study by Trulia.com. I did a double take when I read this, like I imagine you might be doing now. Could that possibly be true? I knew the rental market in Denver was on fire, but so is the Real Estate market.

The article is eye opening and it appears that buying in every large metro area in the U.S. right now is cheaper than renting. These figures are run with a 20% down payment on a home which certainly isn’t realistic for all home buyers. But even with the minimum 3.5% down it works out to still be cheaper to buy in Denver than rent. To read the full article in detail, click here. Below is a breakdown of how they calculated this figure of 56%. Once again, just more reasons why now is
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In the Real Estate industry, credit score is king. You can get a loan with an average credit score, but to see the absolute best rates possible, you really need to have a good or great credit score, something above 720. Getting above this magic number of 720 can change your interest rate by as much as a half percent and when you are talking interest paid on $300,000, that is quite a bit over the life of a loan.

I had always wondered what influences credit scores the most. I had always heard the obvious, paying your bills on time, but there is much more to it than that. How long you have had an account open, how much debt you have, the types of loans and diversity of loans in your portfolio all factor into the all important credit score. I found an
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