Conditions are now ideal for Denver home buyers. Interest rates are still comparable to 40-year lows, and inventories are higher than they have been in decades. But these conditions may not last. Existing homes sales are stabilizing and expected to rise modestly in 2007. Even the vice chairman of the Federal Reserve says that the housing market outlook is improving.
Denver real estate is an outstanding investment and consumers have exceptional choices. House values rose 88 percent on a national average over the past decade. The number of U.S. households is expected to increase 15 percent during the next decade, creating a continued high demand for housing.
Conditions are also improving for home sellers too. This year will be the third-best on record, and prices are expected to rise modestly in 2007. Click here for more information.
Many real estate markets across the country have recently experienced rising home inventories and stabilizing prices. In these markets, home buyers have increased negotiating power, but may be unsure of how to structure the best deal – contact us today to help guide you through the transaction. Click here for audio.
When you need the assistance of a friendly, fast and professional real estate Denver real estate agent to help you find the home of your dreams please contact us. We would love to help you buy your next or first home.
Get a one year First American Home Protection Plan, up to a $295 value for single family homes, $255 for condos and townhomes, for free when you buy or sell your home through us! If you buy a new construction home through us we will provide you with 3 years of New Construction Coverage, a $495 value for free. And, if you contact us today and mention this ad we will provide you with an additional First Class Upgrade, a $50 value for free, on either plan. These benefits we provide to you take valuable negotiable items off the table, provide you with some peace of mind, and allow us to focus on negotiating for the important things for your behalf, namely price and terms. For more information contact us and we will send you a brochure.
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Find a real estate professional who’s compatible. Homebuying is not only a financial commitment, but an emotional one. It’s critical that the broker you choose is skilled and a good fit with your personality.
There’s no “right” time to buy, any more than a right time to sell. If you find a home now, don’t try to second-guess the interest rates or the housing market by waiting. Changes don’t usually occur fast enough to make that much difference in price, and a good home won’t stay on the market long.
Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas can make it difficult to decide.
No house is perfect. Focus on what's most important to you. Let the minor imperfections go.
Negotiation is definitely part of the real estate experience, but going overboard trying to get an extra-low price may lose the home of your dreams.
Don’t get caught up in the physical house —room size, kitchen decor—and ignore conditions as amenities, noise levels, etc., that impact your lifestyle.
Don’t wait to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on unresolved issues will make your bid less attractive to sellers.
Factor in maintenance and repair costs to your post-homebuying budget. Even if you buy a new home, there will be costs. Don’t underestimate and let your home deteriorate.
Buyer’s remorse is inevitable. Buying a home, especially for the first time, is a big commitment, but it also reaps rewards.
Choose a home, 1). because you love it; 2). its value. While U.S. homes have appreciated an average of 5.4 percent annually from 1998 to 2002, a homes most important role is as a comfortable, safe place to live.
