Tips for Home Sellers

There are currently 285 blog entries related to this category.

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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With the Denver market so hot right now, and with prices rising all over town, we are starting to see more and more appraisal issues once again. It isn’t that the home isn’t worth it, there simply aren’t enough sales in the past 12 months to help support some of the prices we are seeing. This is causing more and more deals to crash and leaving some very frustrated buyers and sellers.

Unfortunately, the fact that there are 10 offers on a property doesn’t weigh into the appraisers decision about value. Appraisers have to have solid evidence on paper to show the underwriters that the value is there. While you can’t change your square footage, lot size or finish level before the appraiser comes, you can take steps to make sure your home looks its absolute
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  Aria Denver

 

Aria Denver is coming, have you heard of it yet? It isn’t often that a groundbreaking for a new residential development attracts the attention of the Mayor and plenty of news coverage. But when a development is as unique and impactful as Aria will be, it’s certainly understandable why it’s getting noticed.

Aria Denver is the redevelopment of the 25 acre Marycrest campus in Northwest Denver on the corner of 53rd and Federal. The redevelopments vision is unique in that it intends to create a diverse, tight knit community with a sense of place that increases residents’ health and the health of our environment. The development embraces the legacy of community improvement and environmental stewardship. This isn’t going to be your standard collection of
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