Are we finally entering a buyer's market? With a shift in Denver's numbers toward increased inventory, more average days on market, and less homes flying off the shelf in that first weekend, it's tempting to assume we are! But, let's look at the data to see what it tells us:
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There are many reasons that staging your home can help you sell faster. It not only allows the buyer to see themselves living in the home, but it also gives them a better impression of the place, making it stand out among the rest.
That’s why it’s important to know how to properly stage your home to sell faster and possibly for more money. In this blog, we will highlight the top 7 staging tips that can make your home irresistible to buyers.
Staging Tips to Make Your Home Irresistible
Mirrors! Mirrors reflect light and can help make a room look bigger, which is a huge plus. They are also impersonal. Head to a home store, get a couple of mirrors and place them in a dark spot and/or a small room.
The number one thing you need to buy a home is money, right? While a good job history and decent credit score are also some major factors that contribute to the home buying process, closing costs are a biggie! Yet they seem to still be a mystery for most people that are purchasing a home. Why is this? Because final closing cost numbers are a different number for each transaction.
Shelby Barrett, a local Denver loan officer with Fairway Independent Corporation (NMLS #1550402) helped us break down each of the moving parts and why you pay them.
When you purchase a home, the total ‘Cash to Close’ will equal the down payment plus ‘closing costs’. But what are closing costs and why do you have to pay them?
If money could talk and it had opinions about Denver real estate, here’s what it would tell you about the hottest neighborhoods in the city right now.
In this Chart of the Week, Denverite examined how median home prices in each neighborhood have changed from 2016 to 2017 so far.
First, Denver’s southern neighborhoods have seen the biggest increase in home sale prices so far this year. In 2017 so far, Platt Park, University Park, and Hampden all had median sold home price increases of over 20 percent when compared to last year.
But also, neighborhoods, where homes sold for less money in 2016, had notable price increases in 2017 so far. If that sounds familiar, that’s because the same thing happened with new Denver home values released
When millennials buy houses, it’s for an unexpected reason.
According to a new study by Harris Poll, commissioned by SunTrust Mortgage, one of the top reasons millennials—here defined as those between the ages of 18 and 36—choose to settle down is due to their dogs. That’s right: Thirty three percent of participants cited the need for more space for their furry friends as the leading factor behind purchasing a house. That number may fall behind their own need for more space (66 percent), and the desire to build equity (36 percent), but it’s surprisingly ahead of both marriage (25 percent), and the birth of a child (19 percent).
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Please join us tomorrow morning from 9-10 AM as Megan Aller presents the latest Market Statistics and her predictions for what the market has in store for the upcoming months. A light breakfast will be provided as well, sponsored by Land Title!
Megan has been with Land Title Marketing Solutions since April 2010. Prior to that, she worked as an account manager with Metrolist, Inc.
She is involved with the Denver Metro Associations of REALTORS. Megan specializes in all things related to BIG DATA including macro and micro trends in Metro Denver’s up and coming new markets. She also assists her clients in how to strategically market a tailored message to yield maximum results.
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Higher mortgage rates this year haven't capped home price appreciation, which is adding to the pressure on buyers.
If first-time buyers were counting on home price gains to slow or flatten out as the trade-off for rising mortgage rates, they need to recalculate, some of the nation’s leading housing economists said in Denver on Friday according to The Denver Post.
“We are looking for a further crunch in affordability,” Lawrence Yun, chief economist with the National Association of Realtors, said at the National Association of Real Estate Editors’ annual conference in Denver.
Yun said builders aren’t producing enough homes to keep pace with demand in many markets, pushing up prices on existing