Latest News & Market Trends in Real Estate in Denver, CO Area

Charity Spotlight Features: Press Releases

Giving Back Group & Native American Rights Fund Partnership:  View Article

Colorado Young Leaders:  View Article


 

Market Trends:

Denver Metro Association of Realtors January Market Trends Report:  View Article

Individual Market Stats (Colorado) - First American Title:  View Article


 

Real Estate News: 

Metro Denver Housing Price Gains Hold Steady For 4th Straight Month, Denver Business Journal: View Article

FBI: Hackers Scam Homebuyers Out Of Millions - And It's Getting Worse, Chicago Tribune: View Article

FSBOs Net 'Significantly' Lower Profits, Realtor Mag: View Article

Denver Future Home Appreciation: Showing 'No Signs of Letting Up', Denver Business Journal: View Article

All Time Record Low Home Inventory in Metro Denver, Denver Business Journal: View Article

Denver Rents on Their Way Up Again, Denver Business Journal: View Article

Denver Home Prices Hit a Record High in April, Denver Post: View Article

Denver Still Among Top 3 Cities for Home-resale Price Gains, Denver Business Journal: View Article

Colorado Makes a Strong Debut in U.S. News's 1st "Best States" Ranking, Denver Business Journal: View Article

14 Ways to Get Your Mortgage Approval Revoked, RE/MAX Executive Realty (MA): View Article

RE/MAX February 2017 National Housing Report, Denver Metro Association of Realtors: View Article

Adams County Down Payment & Closing Cost Assistance Program, Adams County Housing Authority: View Article

Home Ownership Less Costly than Renting in 2/3 of Housing Markets, National Mortgage Professional Online: View Article

Denver Area Rents Drop for First Time in 3 Years, 9News.com:  View Article

Housing Market Regains All Value Lost in Crisis, National Mortgage Professional Online:  View Article

Colorado Real Estate Predictions for 2017, Colorado Biz:  View Article

Home prices still climbing in Metro Denver, but sales pace slows, Denver Business Journal:  View Article


 

Buyer & Seller Tips:

Should I Rent or Sell My House?: View Article

Buying a House Before Marriage, What You Need To Know, Remax: Maximum Exposure Real Estate: View Article

15 Home Selling Myths You Need To Stop Believing, Denver Post: View Article

How Much House Can You Afford and Still Retire?, Denver Post: View Article

5 Things To Do Before Visiting an Open House, Denver Post: View Article

How to Challenge a Low Real Estate Appraisal, LinkedIn: View Article

Reasons Why an Appraisal Comes in Low, LinkedIn: View Article

10 Must See Tips: Getting Your Home Ready to Sell this Spring, LinkedIn: View Article

7 Simple Ways to Improve Your Credit Score (Which Saves You Money), Conscious Life News: View Article

Things to Inspect when Buying a Home, Maximum Exposure Real Estate: View Article

10 Anti-Bulglary Tips for Sellers, Realtor Mag: View Article

Properly Preparing for a Buyer's Home Inspection, LinkedIn:  View Article

4 Things You Should Know About Applying For a Mortgage, Fortune Builders:  View Article

Advantages and Disadvantages of Reverse Mortgages, Brundlr:  View Article

First Time Buyers Guide, my Realty Times:  View Article

Downsizing your home? These tips are just for you, Realty 4 Hire:  View Article

What is the actual cost of buying a home?, PropertyCluster.com:  View Article

Top 10 moving tips, Realty 4 Hire:  View Article

9 Important thing to consider when relocating, Realty 4 Hire:  View Article


 

Real Estate News Resources:

Denver Post Real Estate News:  Access Site

Denver Business Journal Residential Real Estate News:  Access Site

CNN Real Estate News:  Access Site

Wall Street Journal Real Estate:  Access Site

Realtor.com Real Estate News:  Access Site

RealtyTimes.com, Headlines, Advice From Agents and more:  Access Site

CNBC, Realty News:  Access Site

USA Today Real Estate News:  Access Site

Ways to Determine Your Denver Real Estate Budget


December 13, 2017

Are you ready to purchase a new home? When it comes to your Denver real estate budget, there are a few things to factor in. Once you know how much you can afford, the home search process can begin. When working with your local real estate company, learn about the pre-approval process and budgeting, and how using a great realtor will help.

Get Pre-Approved and Realistic Thinking

Once you have decided you are ready to purchase a home, your first step when deciding your budget is to get pre-approved. The mortgage pre-approval process will determine what you qualify for in a loan. To find this, you will provide a lender with a variety of documents so they can assess your financial situation. They will also review your credit report. From there, the lender will tell you the max amount they will allow you to take a loan out for. It is important to be realistic and understand what your monthly payment will be. You may receive a pre-approval amount that would come with a monthly payment difficult to make.

Budgeting 101

Once you have your pre-approval, you will know how much you will need to put down on a house. From this point on, saving is your top priority. Begin this process by finding things you can cut from your day-to-day to help you towards your goals. It could be less trips to get coffee, or a subscription service you do not use. For larger amounts, consider putting in overtime at work or looking into a temporary second job to help you save. Not sure what to do? Look at these 50 ideas for a lucrative side hustle, including selling items online, driving for Lyft or Uber, writing online, and much more. Also, it is important to review your pre-approval and build your savings by adding money into an account for any new expenses you would need to make in the new home.

Using a Great Realtor

Throughout your budgeting and pre-approval process, working with a great realtor is key. They can assist with any of your questions from the loan process and work with you to find something that fits in your realistic budget. As you work with them, they can inform you what your dollars can get you during your search. This can include any compromises you may need to make for the must-haves that are on your list.

As you are preparing for your search for Denver real estate, Giving Back Group has you covered. From establishing your needs and pre-approval, to searching for your perfect house, we will help you every step of the way. In addition, we will donate 20 percent of our earnings to the charity of your choice—at no additional cost to you. This is a great way to give back to your local community and to causes that matter to you. To get started on your home search, contact us today at 303-881-4881.
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Tips to Help You Save so You Can Buy a Home in Denver


December 6, 2017

Once you decide to buy a home in Denver, it is important to make all changes necessary to save for your down payment and additional expenses. Upon working with an agent and lender, you will have the roadmap you need to create a timeline so you can save up for all the necessary expenditures. Once your budget is set, it’s only a matter of patiently adhering to it to reach your ultimate goal of homeownership! Learn about how to set a budget to buy a home, places to make cuts, and additional tips throughout the process.

Set Your Budget

When working with your local real estate agent and lender, you will go through everything Investopedia lays out in their five things you need to be pre-approved for a mortgage. This will help you know the max amount that you are qualified for to buy a home. From there, you need to choose your own maximum budget that has a monthly payment that is feasible. In addition to learning your optimum mortgage amount you will also need to factor in additional costs such as: HOA fees, property taxes, and more. Once you have your home price, you can work with your agent to see what the down payment will be on your home. Take this number and create a monthly savings plan.

Making Cuts

While you adjust your budget to account for the needed savings for a downpayment, it is also important to evaluate where you can make cuts to your already existing budget to further help you save. First, look at weekly expenses. Do you have several trips to get coffee? Are there any monthly subscription services you do not use often? Are there additional monthly expenses for items or services that you pay for and don’t use? Or services you can ultimately go without? It is important to identify these items early and re-allocate those funds to your down payment savings.

Additional Tips

To help you save, put your down payment savings in a separate account. Some banking services have accounts that limit the amount of times you can take out money without a penalty. If your bank offers an account like this, it is great to take advantage of to help you avoid dipping into the savings. Also, to help you get accustomed to your mortgage, begin making payments to see what it will be like. You can take this money and put it into your down payment savings account to help it go towards your goal. If you have never purchased a home before, be sure to review our guide from Denver realtors on buying your first home.

To help you create your savings road map for your down payment, Giving Back Group can help. We will help every step of the way to help you with your budget, and finding the perfect home for you. We will also donate 20 percent of our commission to a charity of your choice, in your name, at no additional cost. We know you care about your community and love the opportunity to help you make a difference. To get started, call us today at 303-881-4881.
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Westminster Real Estate Agent Offers Advice on How to Increase the Value of Your Bathroom


November 29, 2017

How are the bathrooms in your home? Are they outdated? When bathrooms have an older style, and do not utilize the space efficiently: it can deter potential buyers from pursuing your property. If you are planning to put your house up for sale, consider making upgrades to the bathroom. Not only can it help to sell you property sooner, but it can increase the asking amount as well. From replacing older fixtures, and adding storage, to energy efficient solutions, these tips from your Westminster real estate agent will help your house be more appealing.

Replace Outdated Fixtures and Features

When it comes to counters: laminate is out and stone is in. There are a variety of stone types that you can add to your bathroom to give it a sleek, elegant look, such as granite, quartz, or marble. Next, add in new fixtures, such as faucets and handles. Keep all fixtures consistent in material and color. For instance, you should avoid mixing gold or brass handles with silver/brushed nickel faucets. Consistency is key. Next, installing a new vanity, mirror and lighting will also attract buyers. If your bathroom is small, make sure it is painted in a lighter color. Light colors are reflective therefore providing the appearance the space is larger.

Add Additional Storage Space

As prospective buyers look at your space, one of the things they will closely consider is space. If they envision their belongings in the room and see a lack of space or storage, it may be a deterrent. This is why it is important to have consideration for shelving, cabinets, and other space utilizing features. For any day that you are showing your home, make sure to keep it clutter-free. Bathrooms are one of the main focal points for buyers in the market, so leaving a blank slate for them to envision their own space is key.

Opt for Energy Efficiency

If you can save a potential buyer money down the road, it will attract them to your house. Make sure you install energy efficient solutions in your bathroom. The realtor can explain this as a selling feature, as they will be spending less on their heating/cooling and water bills each month. Install ENERGY STAR rated toilets, faucets, and shower heads that use a minimal amount of water. For light bulbs, research the lighting choices to save you money. Compact fluorescent lamps (CFLs) and light-emitting diodes (LEDs) are two of the top types of bulbs to install.

When you are ready to put your house on the market, the Giving Back Group has you covered. We will walk you through all areas that can use improvement, and how it impacts the overall sale price of your home. Should you renovate to sell a home in Denver? Learn the ins and outs. Giving Back Group will also help you purchase your next home, too. Upon complete, we will donate a percentage of our earnings to the charity of your choice—at no cost to you. Get started and contact us today.
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Top 3 Frequently Asked Questions to Sell a Home in Denver


November 22, 2017

If you plan to sell a home in Denver, you probably have lots of questions. This is normal! Selling a house is a big step, and it is important you find a realtor that ensures the sale goes smoothly. As you get started, you will have the same questions many others in your shoes have had: from learning about the market and determining a sale price, to what to expect during the process, review these frequently asked questions.

Is it a good time to sell a home?

Yes! Denver’s housing market has been booming the last few years. Even though things have cooled off some it is still typical for homes to sell within 30 to 60 days of hitting the market. This is thanks to Colorado being a fast growing state, where there has been an increase of over 100,000 people over the last few years. With this boom comes the demand. Since growth is beginning to level out, sell your home while it is still a seller’s market. This will allow you to get the most out of your house as buyers are willing to pay full ask, or even more at times, to get the home they want.

How do you determine what price to sell my house?

There are many factors that go into the price of a home. First, your realtor will make a list of all the features and attributes your home offers, such as bedrooms, bathrooms, square footage, and amenities. Next, they will look at homes that recently sold in your neighborhood, as well as homes currently for sale. Why? It is important to list your house at a price comparable to others in the area. If listed too high, potential buyers will pass you up. Realtors will look at price per square footage, recent sale prices, layout, time houses were on the market, and many additional factors. From there, they will present you with a price that is fair with market trends. Remember, they have your best interest at heart and want to help you sell your home as quickly as possible. You can read more about what goes into price when you sell a home in Denver as you prepare to list.

What should I expect during the sale process?

Upon putting your house on the market, you will begin to have showings for prospective buyers. You can discuss options with your realtor, but typically there is a 24-hour-in-advance window for you to prepare for your showing. This allows you to clean up, remove clutter, and anything else you would like to do before you have guests looking at your home. Selling your home? How to keep it “show-ready” — even with kids.

For a realtor you can trust to help you get the most of your home, Giving Back Group has you covered. We will walk you through every step of the home selling process and make it as smooth as possible. Call us today at 303-881-4881 to get started.
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Mortgage Rates Explained by Your Charity Donation Realtor


November 15, 2017

For many new first-time homebuyers, the process can be eye opening and educational. If you will soon be buying your first home, or need to brush up on your knowledge, understanding mortgage rates is key. Don’t worry—mortgage rates are not rocket science, but if there are areas you do not understand—your charity donation realtor will be there every step of the way to help. Learn about the basics of a mortgage, and the differences between fixed and adjustable rates. This will help you decide what is best for you when buying your next home.

Basics of a Mortgage

A mortgage is a bank loan that enables you to finance a house. Prior to getting a loan, you will need to get pre-approved first. Your realtor can assist you with the process and help make sure you have all of the proper documentation. Getting pre-approved is especially important in Denver’s housing market as homes sell fast. You want to be 100 percent prepared to act on a home that you would like to buy. As you may know, with any loan, you will need collateral for it in the event you default on your bills. With a mortgage, the house serves as the collateral. In addition, you will also pay a certain percentage, as a down payment, towards the house. This will reduce your principal, which is the amount that you borrow for the home. In order to be able to take out a loan through the bank, you will owe interest on your mortgage so the bank is able to make money. There are two types of mortgage interest rates: fixed and adjustable.

Fixed Rates

Fixed interest rates are rates that do not change. Upon purchasing your home, this means you will have the same interest rate until you pay off the loan or choose to refinance. When having a fixed rate mortgage, your payment will also be the same each month, too. Those who prefer stability and would rather not be unsure of what a monthly mortgage would be should choose this option. While an interest rate has many factors, one being your credit, the average fixed rate mortgage in Denver is around four percent.

Adjustable Rates

An adjustable rate mortgage will change throughout the life of the loan. While there is usually a maximum amount that an interest rate can be raised to, your interest rate will eventually change based on the market. You will typically have notice before your rate changes. Each loan is different, with some changing every six months to year. In most cases, the adjustable rate will stay the same for a few years. Because of the type of loan this is, the rate will start off lower than fixed rate loans. Then over time, it will increase. If you are not planning on staying in a home long term, this may be a great option for you.

From assisting with your pre-approval to the mortgage and home purchase process, the Giving Back Group will walk you through all of the steps. In addition, we also take 20 percent of our commission for you to donate to a charity or cause of your choice—at no additional cost to you. Contact us today to see how we can work together to help you find your next home.
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