Found 15 blog entries tagged as real estate.

West + Main Homes' Founder + Owner, Stacie Staub, was quoted this week in the New York Times, who asked for her thoughts on Denver's ongoing Seller's Market and current housing market conditions.

In Denver, where the inventory of homes has been low for the past couple of years, there is no such thing as lowballing, said Stacie Staub, founder of West and Main Homes in Lakewood, Colo., near Denver. Often, she said, homes go on the market on a Friday and are under contract by Sunday.

The market is so tight that Ms. Staub often recommends that people looking to trade up to a new home should first sell their own house, and then go shopping with cash. Sellers generally frown on contingency offers, which are subject to the sale of an existing home.…

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Should You Buy a Home With Cash?

If you have the ability to purchase a home with cash only, then you’re part of a slim percent of the American population - congrats! Before you head to the bank to withdraw those fat stacks of greenbacks, make sure you consider both the pros and the cons (yes, there are some cons) of skipping the mortgage. 

Pros

Skipping the interest. Buying a home is often a good investment, but buying one flat out may be an even better one. This is because you save on mortgage interest that is usually paid over the life of the home loan – interest that could amount to anywhere between several thousand dollars to hundreds of thousands of dollars.

Avoiding the fees. With an all-cash deal, you skip those loan origination fees, an…

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Breaking news from the Denver Business Journal:

Colorado Gov. John Hickenlooper on Tuesday signed into law a long-sought measure that will make it more difficult for associations of condominium owners to file multi-million-dollar construction-defects lawsuits.

And now, builders are on the clock now to prove that the change will spur more of them to begin putting up condos priced under $300,000, as backers of the measure are expecting.

Colorado Gov. John Hickenlooper signs a construction-defects reform bill Tuesday while surrounded by legislative sponsors and supporters of the effort. Enlarge

Colorado Gov. John Hickenlooper signs a construction-defects reform bill Tuesday while… more

ED SEALOVER | DENVER BUSINESS JOURNAL

The signing of House Bill 1279 comes after a decade in which condos fell from being roughly 20 percent of the new…

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We hear it all the time - homeowners and renters who are "waiting for the Colorado market to cool down because prices are too crazy right now."

Makes sense, except we have been hearing folks say this for about five years now, and prices have continued to go nowhere but up. This is a quick analysis of what could happen if current sales trends continue in the Denver Metro area, with both average prices and interest rates on the rise. (Calculations include principal and interest only.)

As you can see, prices ARE rising at a fast pace...jumping almost $200,000 in just two years. So, does it make sense to wait? It depends on your situation and your financial and Real Estate goals.

If you thinking about Selling a Colorado property, it might seem…

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A huge down payment might not be necessary to purchase a Colorado home.

One of the most frequent things we hear as Real Estate professionals helping first-time homebuyers to purchase Denver area properties is the misconception that a 20% down payment is required to obtain a home loan. In fact, the majority of homebuyers needed much less cash in order to purchase their Colorado property.

A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the last several months.

The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with home purchases in 2016.

And an article by DS News points to…

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