Buying a home can be overwhelming and you might be wondering what questions home buyers should ask. After all it’s one of the biggest purchases you will make. Here’s some questions you should consider: 1. What’s my housing budget? 2. How much are closing costs? 3. How much should I save for a down payment?… [Read More]
Denvers Housing Inventory is Up
Denvers Housing Inventory is Up drastically from 3 years ago. The inventory (number of homes for sale) is up 5% more than this time last year. Because there are more homes available, the homes are staying on the market 18 percent longer than last year. That is also causing more homeowners to reduce their asking… [Read More]
Change on Appraisal Requirement
An appraisal requirement is one thing that increases buyers costs. And in the last couple years, as another layer of bureaucracy was added, that cost has increased drastically. In the past appraisals were required for homes over $250,000. Now with the FDIC, OCC and Fed approving this new rule, an appraisal may not be required… [Read More]
Plan for These Hidden Costs of Buying a Home
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]
Shifting Home Market in Denver
The latest Housing Data from Colorado Association of Realtors continues to show a shifting home market in Denver. The median price of a single family home in the Denver Metro area fell $5,000 to $445,000. Denver metro area single family homes stayed on the market an average of 32 days in August – which is… [Read More]
September Denver Area Real Estate Market Overview
The Denver Area Real Estate Market final figures for August shows 13.2% more homes were for sale (13,442) this August vs August of 2018. Encouraging news for buyers – more homes to choose from and less buyers competing with you. The Average Sold Price is down slightly from last month – from $482,526 to $478,445…. [Read More]
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