In planning to buy a home, everyone plans for a down payment; but there are lots of other hidden costs of buying a home. Some things to think about: 1) Home Inspection 2) Radon Test 3) Sewer Scope 4) Homeowner’s Insurance 5) Appraisal 6) Closing Costs 7) Refrigerator, Washer, Dryer 8) Cable 9) HOA Dues… [Read More]
Buyers take a 2nd look at duplexes
Buyers, take a 2nd look at duplexes because duplexes are a perfect hybrid between single family homes and condos. Less expensive than a single family home and more privacy than a condo. They are not as expensive as single family home because they feature smaller yards and shared infrastructure. And they are not as high… [Read More]
Mortgage Rates Hit a 3 Year Low
Continued good news for buyers as the Mortgage Rates Hit a 3 Year Low. The mortgage rates ended the week with the 30 year fixed rate mortgage averaging 3.55%. That’s almost a full point less than this time in 2018 when the mortgage rates were 4.53%. That allows buyers to buy a more expensive home… [Read More]
Very low interest rates are improving home affordability
Our current low interest rates are the cheapest financing in almost three years and is improving home affordability. Home affordability jumped 10% in June from a year earlier as mortgage interest rates continue to drop making it easier for Americans to buy homes. Home buyers have been experiencing head winds from three major fronts: 1)… [Read More]
4 Home Buyer Mistakes
There are many mistakes that home buyers can make but here’s the most common 4 Home Buyer Mistakes. -Overextending themselves financially -Falling in Love With the House and Overbidding -Not hiring a quality Realtor -Not pre-qualfying themselves for a Loan before targeting their price range Read more details here Whenever you are ready, here’s some… [Read More]
Understanding Appraisals And Appraisers
Understanding appraisals and appraisers can be a complicated subject with strange terms. Here’s just some of the questions and answers from the Colorado Real Estate Commission: -Reasons you might need an appraisal. -What constitutes the appraisal report, and where does the appraiser obtain the information used to estimate value? -What is the difference between an… [Read More]