Are you Ready to Buy a Home? Such a big decision to make. How do you know if you’re ready to buy a home? Here’s some things to think about before you make a decision: Do you know how much you can afford? Do you have a down payment? Will you have money left over… [Read More]
Home Buyer Mistakes To Avoid
Learn more about Home Buyer Mistakes to Avoid. Buying a home is one of the biggest purchases you’ll make in your life. That is both exciting and overwhelming. You’ll want to have an expert help guide you thru potential pitfalls in order to make a good decision. Here are some issues to consider in order… [Read More]
You Don’t Need 20 Percent Down Payment
Many buyers think they need a 20 percent down payment to buy a home. Not true. 77% of first time homebuyers in 2018 used a mortgage with less than a 20 percent down payment. Some of the most popular mortgages require between 3.5-5.0% down payment. Some of those are FHA, Freddie Mac and Fannie Mae… [Read More]
New Home Sales at 11 Month High
New Home Sales at 11 month high in February. The lower interest rates are giving them the boost that they need. New home sales account for 11% of the housing market so it’s always encouraging when they hit record high. Read more details here Whenever you are ready, here’s some ways that I can help… [Read More]
Deciding between a new home and a resale home
Deciding between a new home and a resale home can be difficult. So many pros and cons for each choice: -With a brand new home you have a home warranty normally for at least a year and maybe up to 10 years. -You can personalize your new home -The builder frequently offers special incentives The… [Read More]
Housing Market Cools Off – Fewer Bidding Wars
We are seeing the housing market cool off which is creating fewer bidding wars. According to Redfin, the first three weeks of March saw only 16% of homes for sale were seeing a bidding war. Redfin says last year we were seeing 60% of all homes for sale experiencing a bidding war. Read more details… [Read More]
Mortgage Rates Continue to Drop
Mortgage rates continue to drop after the Feds announced this week that they were not planning on raising interest rates the rest of the year. This is the biggest weekly drop in the last decade. They are in the very low 4.0’s and some types of mortgages are hitting in the 3.0’s. Because of the… [Read More]
Buyers Biggest Challenge This Spring Is Their….
According to a study from Realtor.com, Buyers budgets are Buyers biggest challenge this spring. The inventory of homes for sale on the market has improved a lot from the last several years. That means that a buyer will have less competition from other buyers because there are more homes to choose from. Interest rates also… [Read More]
Denver Metro Real Estate Market Overview for February
In this February Denver Metro Real Estate Market Overview we continue to see an increase in homes for sale – 35% increase over the same month the prior year. That continues to be great news for buyers! That means buyers have more homes to choose from and sellers are having to price their homes conservatively… [Read More]
The Real Winners are Prospective Home Buyers
Redfin reports that lackluster home price growth eases housing market competition and prospective home buyers are the real winners. They report that in February home sales increased only .6% from the prior year. That makes the smallest annual increase since March 2012. Redfin also discovered that U.S. home sale prices fell in 10 of the… [Read More]
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