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 October Market Trends Report:  View Article

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


 

Real Estate News: 

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:

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

Looking for a Great Denver Real Estate Deal? 5 Budget-Friendly Tips for Your Home Search


October 18, 2017

As you are looking for Denver real estate, there are a few things that you can compromise on to help your budget. With many moving to the area, it will help you find a home more easily if you are flexible. Plus, flexibility will help with your overall budget to help you with savings. During your search, learn how to have a budget-friendly search by compromising on appliances and outdated rooms, location, homeowner associations, square footage, and curb appeal.

Appliances and Outdated Rooms

Old appliances or out of date rooms are often a turnoff for prospective homeowners. While it may take some work, homes are often discounted for specific circumstances to make up for the higher quality and prices in other homes in the area. If a home you look at has older appliances, or rooms that need some work, think of it as a blank slate. Also, you can purchase new appliances that are energy efficient to provide savings on monthly energy bills. For outdated rooms, you have a blank slate to take the savings and use it to make the space how you prefer it.

Location and Transportation

When you are able to compromise on location of a home, you may be taking thousands of dollars off the overall price of the home. When it comes to Denver neighborhoods, proximity to downtown Denver is not necessarily a factor in price. Highly sought-after neighborhoods all over can be attractive. You need to think about what your commute would be like from specific neighborhoods, and work with your realtor to get to know areas that are friendly to your budget but also do not extend your monthly bill. Learn more in The Denver Post’s priced out of Denver? Don’t go running to the burbs for sticker-shock relief,

Homeowner Associations

As you look at homes in certain neighborhoods, keep in mind that homeowner associations (HOA) are at an additional cost. For some, it is feasible. For others, it can be expensive. You need to factor in what you are willing to pay for an HOA upfront and not waver from. Look at what services the HOA will provide to determine if the monthly costs are worth it.

Too Much Square Footage

During the home search, some prospective homebuyers are looking for a large space. It is crucial that you shop only for what you need. When you have a home that has open, wasted square footage, that is just more space in the home that you have to heat, cool, clean, and more. While important to make sure a home has the perfect amount of space you need, avoid a space that is too big to grow into.

Curb Appeal

While everything can be about first impressions, have an open mind when it comes to the curb appeal of a house. When the overall appearance may not be great, that will help to take some off the sale price. Use this as an opportunity to make the outside, first impression of your home to match your personality.

As you look for your next home, Giving Back Group will help you find the perfect home in your budget. Plus, we will take a portion of our commission and donate to the charity of your choice, helping you to help others. As we kick off the cooler months, learn more about finding Denver real estate in the winter season, and call us at 303-881-4881 today to see how we can help you.
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What Goes into Price When You Sell a Home in Denver


October 11, 2017

As a homeowner looking to sell a home in Denver, you are in a good position to make a return on your investment. While there was a slight decrease in home prices this summer, the overall market is still very much of a seller’s favor as there is more demand than availability. However, you still need to work with your realtor to be strategic on price. They will help you determine what your home is worth to make it competitive with other homes and condominiums available in your area. Learn what goes into creating a price, any additional factors, and tips for working with your realtor.

Creating the Price

When it comes to the price of a house, every home and neighborhood is different. Depending on certain factors, a home value will change. To help create a price for your home, your realtor will do a comparative analysis on other homes recently sold in the area. They will look for homes similar to yours in terms of size, bedroom/bathroom count, and more.

Next, your realtor will ensure your house is properly priced down to the dollar to be found by prospective buyers. For instance, let’s say the average price for a two-bedroom, two-bathroom home that potential buyers were looking for was $250,000. If it is common for those buyers to search for homes in the $150,000 to $250,000 range, you would not want to price your home at $255,000 and lose out on the largest number of buyers. For more on pricing, Reader’s Digest lists the top five strategies for pricing a home to sell.

Additional Factors

There is a little more that goes into the sale of the home when it comes to price than just price alone. For starters, when you begin the process to put your home on the market, there may be a few changes you can make to help it sell. These can be as small of changes as a fresh coat of paint to as extensive as a new roof or flooring. Keep in mind that if you need to make your home comparable to others and get the price you want, you may have to make these changes, otherwise, be open to a lower price. In addition, your buyer may ask you to pay their closing costs. Closing costs are additional fees that are required to pay upon the sale of a home. During negotiations, a seller may ask for their closing costs to be paid to help them with the sale of the home. This is something you can discuss with your realtor during negotiations on the right move.

Working with a Realtor

It is important and beneficial to work with a local realtor on the sale of your home. By hiring an expert, you will have someone that will properly price the house, and give you proper guidance every step of the way. In addition, they can help you with purchasing a new home too—anything from the search to helping you find the right mortgage lender.

Is your home properly priced? Learn the ins and outs from your Denver real estate agent. To help you sell your home, you can rely on the experts at the Giving Back Group. Not only will our team help you get the most return on your investment, but we will also donate 20 percent of our commission to a charity in your name, at no cost to you. Get started today by calling us at 303-881-4881.
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Top Things You Need to Know About Mortgages by Denver Realtors


October 4, 2017

Are you in the preliminary stages of the home buying process? It is important to learn about mortgages if this will be your first home, or brush up on your knowledge if you are a current homeowner. By understanding the process and important aspects, you will be better prepared as you make your plans to buy your first or next home. Learn about the different types of mortgages available, an inside look into the application process, and tips on the house search and closing process explained by Denver realtors.

Fixed Rate vs. Adjustable Rate

Prior to learning about the different types of mortgages, it is important to know about fixed-rate and adjustable-rate mortgages. Fixed-rates maintain the same throughout the life of the loan. This is ideal for the person who likes knowing that their payments will be consistent. Adjustable-rate mortgages have a lower interest rate up front that will be fixed for a specified amount of time. Once that time period is over, your interest rates will change and will not be as stable as a fixed rate. This is a great option for a person that may only plan on staying in the home for five years or so.

Types of Mortgages

When it comes to the different types of mortgages, there are loans through the government or through standard banks. Government loans include Federal Housing Administration (FHA), Veterans Affairs (VA), or United States Department of Agriculture (USDA) loans. If you are a first-time homebuyer, you can qualify for one of those loans through the FHA. It will allow you to make a lower down payment to help you get started. If you are in the military, you can look into a VA loan, which allows you to get the home without a down payment. Last, USDA loans are ideal for those who live in rural areas that may not have that much income coming in. You can talk to your realtor if a government or standard bank mortgage is best for your situation when finding a lender. From there, they will walk you through the application process in which you will need to gather your financial forms such as pay stubs, tax information, and more. As you begin to plan for a budget, use this mortgage calculator.

House Search and Closing

As you search for houses, make sure you work with your realtor to know what your budget so you can find a home within that budget. Think about long term needs for the home too, and if certain things may need fixed down the road. You will need to make sure you can afford them. When the exciting time comes to close on your new or next home, you will bring any paperwork needed that your realtor has informed you about, and down payment. A majority of the closing will be signing all the paperwork that will transition the home to you. You will receive copies to file and keys to your new house! For a more in-depth look, review Investopedia’s 13 steps to closing a real estate deal.

To help you find your next home and walk you through the mortgage process, Giving Back Group can help. Contact us today to see how we can help you kick off the process.
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Overview of the Home Buying and Closing Process Once You are Ready to Buy a Home in Denver


September 27, 2017

Whether you are buying your first home or fifth, you may have to familiarize yourself with the home closing process. Don’t worry, this is why you have a local realtor help you buy a home in Denver and help you every step of the way. They know all the ins and outs so you don’t have to, and will help explain everything. To help you learn and get started, learn about some of the factors to consider before deciding on a home, common terms you will hear during the home buying process, and the closing process.

Deciding on a Home

Choosing the right house is sometimes easy, while in other situations can be a challenge! First, make sure a home has more pros than cons, and checks off a majority of the items on your must-have list. Upon purchasing a home, you should expect to live there for a minimum of five years. This is why it is important to also think about long-term needs as well. A few things to consider are: How will this affect my commute to work? How do I feel about the local schools? Am I happy with the amenities of the area? Do I see myself in this home? What are the red flags and how could they be fixed? Upon answering those questions, take some time to make sure you are ready to close. Your realtor will help you make the best offer so you can act quickly once you do find the perfect home.

Common Terms

You will hear many words throughout your home buying and closing process. While your realtor will explain them to you, here are a few commonly used terms that will help to know. First, is appraisal. This is an estimation of a property’s overall value based on its condition. Next, is closing. While you may assume it is the final stage of the process, it is a settlement. It is the final steps of the sale where all paperwork is signed for the mortgage, deeds, and all other items. Last, is escrow. Escrow is a deed with conditions that a separate party will keep until a certain condition is met. For a full list of terms, review Home Closing 101’s real estate glossary.

Closing Process

Once you choose a home to purchase and you and your realtor submit an offer, and it is accepted, a date will be set to close on the home. On the day of your closing, you will need to be prepared to sign a lot of paperwork. This will include all legal documentation. You will also need to pay closing costs if they were not negotiated into your deal, as well as any escrow items. You will sign your closing disclosure, mortgage documents and a certificate of occupancy if you are purchasing a new home.
As you prepare your search for a new home, the Giving Back Group will help you every step of the way. We will explain all terms to you and make sure you understand every step of the process. To get started on purchasing your next home, contact us today!
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Choosing the Right Community to Move to Explained by Brokers for Charity


September 20, 2017

When planning to move, one of main considerations prospective homeowners make is moving to the ideal location. While finding the home of your dreams is important, its proximity to places that you often frequent, is a huge priority you should make sure is a factor. Compromises are often necessary, but given that you will live in a home for at least five to 10 years, it is best to love the location you move to. From a commute, schools, and safety tips, to distances to places such as the grocery store, and more, learn how to pick a location from brokers for charity.

Commute

As you make your list of “must haves” for your next home, set a guideline on how far you are willing to commute to work. For some, moving closer to work is a priority. For others? They don’t mind the commute. As you make a decision on distance, take into consideration how many miles your new commute will be and how that will affect your gas budget each month, as well as wear and tear on your car. Also, when commuting, Denver offers a variety of ways. Learn more about the top ways to commute for those planning to buy a home in Denver.

Schools

If you have or plan to have children, make sure you are happy with the schools in the area. Make a list of what is important to you in a school, and do your research on all schools in the area. Or, if schools are higher on the priority list, broaden your search to find the district that best suits your child. For help with your research, review Niche’s 2018 best school districts in the Denver area.

Safety

As a person moves, they want to know they live in a safe area. You want to be comfortable going in and out of your home any time of the day. Some of the safest neighborhoods include the Holly Hills area, Congress Park, Indian Creek, or Wellshire. Finding the best location is something you can discuss with your local realtor to help you find a home that you feel safe in.

Distance to Important Places

After factoring in schools, work commute and safety, you may forget to consider one important detail: Proximity to places you travel to! As you scope out neighborhoods, check to see if they have the amenities you frequently use. This can include grocery stores, convenience stores, gas stations, gyms, playgrounds, distance to friends and family, and other places with the activities that you need often. If you are happy with the options and have to drive somewhere, this will help solidify the decision you made to move into your new home.

Other Considerations

As you near your decision to a neighborhood, spend some time in it to see how you like it. Visit it at various times to see how much traffic there is, how safe you feel, and to confirm it checks off all of the boxes you had on your “must have” list, and if you feel comfortable with any compromises you have to make.

As you make your decision to purchase a new home, Giving Back Group can help. We will help you find the perfect location that you will be happy you moved to. Call us today at 303-881-4881 today to get started.
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