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 September 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

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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Guide from Denver Realtors on Buying Your First Home


September 13, 2017

Purchasing your first home is an exciting time! Making the transition from renting to owning can feel overwhelming but you will be happy to know that it is your space that you own. With so much to learn, it is beneficial to have Denver realtors on your side to walk you through the process. They will help you every step of the way through all the ins and outs of purchasing a home. Learn how you will get started with the home buying process, what to expect along the way, and an overall housing market as you get ready to take your next step.

Getting Started and FHA Loans

After you get a realtor that will help you buy your first home, you will need to get pre-approved for a mortgage. During this process, a lender will assess all of your financials, from your credit to your monthly bills and income to see how much they feel you can pay for. In some cases, they may offer more than your budget—so it is important to stick with your budget. When it comes to a mortgage, as a first-time home buyer, you can qualify for an FHA loan. These are provided by the Federal Housing Administration. There is typically more flexibility with FHA loans and allow prospective buyers to have a smaller down payment that can be as low as 3.5 percent. There are other options as well which you can learn about in Bankrate’s nine grants and programs to help you buy your first home.  

What to Expect

When you kick off the process to buy your first home, you will have to prepare a lot of information for your lender to assess your situation. This includes the basics such as paystubs and bank statements, but can also include other types information such as W2s, retirement or student loan information and much more. Your prospective lender will send you a list of everything you need. In today’s society, it is convenient to send everything online. Use caution with doing this as you have very personal information that you will be sending to them. Consider sharing the documents through a DropBox or Google Drive account. Once you start your home search, make sure you fully inspect spaces and take into considerations anything that you may have to address down the road.

Housing Market Outlook

Over the last few years, there has been an influx in people moving to the area. Thankfully, good news for homebuyers is that this is easing. When you are looking for a new home, first you should make a list of your short term and long-term needs. From here, review the list to see where you can compromise. This way, if areas you are interested in have a loser inventory, you know what wiggle room you feel comfortable with.

During the process of buying your first home, you can count on the Giving Back Group to help as your premier realtor. Together, we can make a difference as we will donate 20 percent of our commission to the charity of your choice. Learn the three things to consider from your Westminster real estate agent when buying your first home and call us at 303-881-4881 to get started.
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Denver Real Estate Fall 2017 Market Outlook


September 6, 2017

Are you looking to sell your current home, and/or purchase a new one in the next few months? Even though the cooler months are on their way, those looking to make a move with their home have plenty of time to get the process started. If you are on the fence, or are wondering how things are looking for the end of summer and into fall, now is the time to do your research. Learn more about the Denver real estate market overview, as well as important information for both upcoming homebuyers and sellers.

Denver Real Estate Overview

Colorado remains one of the top states in the country that people move to, several of those choosing Denver to be their new home. When it comes to the overall real estate market in Denver, more homes have become available over the last few months. While home values and prices have stayed consistent, it is expected that prices will rise.  With the high demand in the area, homeowners have been able to get even more value out of their home. However, it is not solely a seller’s market. A jump in homes for sale in Denver provides relief for buyers stuck in a seller’s market. They explain that homes for sale in the Denver area has increased nearly 20 percent, which is great news for those looking to buy. However, it is important to work with your realtor on budget as prices are staying consistent or increasing.

What Buyers Should Know

If you are looking to buy in the Denver area, if you are finding that you are on a tight budget, you are in luck! With prices leveling out, you may have more room to get a home at a price in your budget. As you kick off the home buying process, begin to make a list of the essentials you need, for instance, number of bathrooms, bedrooms, yard for your dog, etc. From there, decide what you can compromise on. This will help if you need to negotiate or have to decide what truly matters in a home.  

Information for Sellers

For those selling a home, you do not need to fear home values plummeting. Changes are happening slowly, and with greater demand, the market is still on the seller's side. You can work with your realtor on the best price for your home. With their being less (but slowly more) of homes available in the market, be prepared to have buyers that want to work with you on price. Find what areas you cannot compromise on and learn where you can. This will help make things easier when negotiating with a prospective buyer.

Is your home properly priced? Learn the ins and outs from your Denver real estate agent. For help buying or selling your next home, the Giving Back Group can help. Experienced in the real estate industry, we will help you find your perfect home and get the most for your existing one. Call us today at 303-881-4881 to get started on the process.
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How to Buy in a Seller’s Market Explained by Your Westminster Real Estate Agent


August 23, 2017

With the increase in housing demand, Denver has been in a seller’s market for quite some time. However, that is not to say that it isn’t a good time to buy a home. If you are in a position where you are ready to move, you can still buy in a market that is in high demand—you just have to understand the market and be open to compromise. As you gear up to purchase a home, learn about the key ways to prepare, how to be smart when it comes to price and budget, and using the right Westminster real estate agent to help you find your dream home in the market.

Ways to Prepare

When buying in a seller’s market, you must be prepared. You will need to be ready to act quickly as you may be interested in a house that 20 other people have put an offer on. First, you need to have a pre-approval from a mortgage lender. By having everything lined up with a lender, you will be able to make an offer quickly, which may give you a leg up on other prospective buyers. This also includes having a down payment ready. Next, make a list on what you would like in an ideal home, then follow that up by noting where you are open for compromise. Use this when searching to keep you in line. While you need to act quickly on homes you are interested in, be patient to ensure you find the best home that you can spend the next five to 10+ years in.

Be Smart on Price

Being in a seller’s market, you will have to be open to compromise on price. Often times, interested buyers will get into bidding wars and the highest bidder will win. Work with your real estate agent on a pricing strategy, potentially looking for homes in a lower price range that you know may potentially get into a bidding war down the road. This will help you find a home that meets your needs that is not over budget. If your offer is accepted without a bidding war, you have just saved yourself money! Speaking of price, under the guidance of your realtor, you will want to make an offer that is attractive to the seller. With several offers coming in, yours will need to stand out. Last, be ready to move quickly on something you like—as things can change within a day or less.

Use the Right Real Estate Agent

Working with the right realtor for your home search will help you find the home of your dreams in a tough market. They will be able to help you get all of your financials ready so you can jump right into the search. It is extremely helpful to have someone guiding you through the process and giving you the best advice as to what you can do to make you stand out to the seller. As you choose a realtor, work with someone you trust with a great history.

For more tips, read Dave Ramsey’s five ways home buyers like you survived a seller’s market. To get started with a realtor you can trust to guide you to your perfect home, contact the Giving Back Group. Contact us today to get started.
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Ways to Improve Your Credit to Buy a Home in Denver


August 16, 2017

Are you considering a purchase of a new home? Whether it is your first home or your next home, there is much to prepare for before you start looking. As you plan to buy a home in Denver, you can speak with your realtor to get pre-approved so you know the steps to take to be able to purchase a home. To help you build those building blocks, there are a few key tips. Learn the basics of your credit score, tips for building your credit while in the process of buying a home, and the ins and outs of interest rates.

Basics of Your Credit Score

Your credit history and credit score are generated and can be reviewed by lenders when requesting credit, such as a loan or credit card. Your score is a three-digit number and is created based off a few factors, such as history of paying bills on time, how much debt you have, how long you have been building credit, how many times your credit has been ran and the different type of credit you have. Your ability to pay bills on time (or lack thereof) and your total debts have the most weight when it comes to influencing your score. It is important to monitor your score and credit to make sure you are headed in the right direction. It is also important to ensure there are no errors in your report or seeing if anyone has stolen your credit. As a consumer, you can check your credit report for free--so be wary if you find a service asking you to pay. Find one that works for you from The Simple Dollar’s best free credit report site of 2017.

Tips for Building Credit

To get started building credit to enable you to buy a home, you will want to find and sign up for a service that allows you to check your credit. Look for discrepancies or anything questionable. Most mortgage lenders will want to see two to three lines of credit in your history. This can include credit cards, student loans, an auto loan, etc. If you do not have any history, you will want to build it. You can talk to your lender about how long to wait before working to get pre-approved. If can be anywhere from six months to a year. Keep balances low, and work to not exceed 30 percent of your credit cards. If/when you have credit, you will want to lay low once you know you would like to buy. Adding on new lines of credit during this time can hurt your chances of getting a loan.

Interest Rates

If you are in the market for a home, interest rates are lower now than they were two months ago. The average rate for a 30 year fixed loan is just about four percent. With interest rates on the decline, it is a great time if you are in the market for a home. Rates vary too for those who are interested in a 15 year fixed mortgage. It is an opportunity to speak with your realtor about to take advantage of low rates.

Are you currently renting and are ready to make a move to buy? Learn more about the benefits of leaving an apartment and purchasing a home from your Denver real estate agent. To get started to see what you need to do to be able to buy a home, the Giving Back Group will help. We can work with you to help you find what you need to make your dream a reality. Get started today by calling us at 303-881-4881.
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