As a buyer, you’re likely worried about affordability. If you’re a seller, you may wonder how rates will impact your returns. While rates are cyclical and will come down, there are tools available to help you now. Here, we’ll explain the Mortgage Rate Buydown options available to you.
While it might have seemed impossible a year ago, the Denver real estate market has certainly gone through a lot of changes. So, are we in a buyer's market? Not quite. A low inventory of homes for sale is likely to keep things from swinging in the opposite direction that we've been experiencing over the last couple of years. The new norm might look more like balance.
Hand signals weren’t used in the early days of football. Officials started off shouting calls which often made it tough for fans to hear. As stadiums and crowds got bigger (as well as louder), and as broadcasting games over the radio was introduced, the refs realized that calls needed to be more clearly communicated.
It's time to get your spooky on! Across the Denver metro and Boulder County areas, there are a ton of 2022 Halloween events for kids and adults alike. Find the perfect pumpkin for carving, scream your face off in the middle of an Erie cornfield, or sip jack-o-lantern cocktails while dancing the night away at a silent disco in McGregor Square.
What an interesting month for real estate in the city of Boulder. Compared to July, days on market for single-family properties increased from 34 to 47 in August. Yet homes are moving and average sales prices increasing. In July, the average sales price was $1,513,705 and in August, that rose to $1,668,794. That's also 15.2% higher than the same time period in 2021 and a considerable gain in equity for recent buyers.
Buying a home is likely one of, if not, the biggest investment you'll make in your life. And protecting that investment is an important responsibility. Along with purchasing top-notch insurance, performing ongoing repairs and maintenance are the key to your safety, the enjoyment of your home, and the ability to sell it for top dollar down the road.
Denver buyers now have more time to find the right home and more leverage to ask for concessions (money towards closing costs)—even submit an offer below asking. In fact, homes closed for an average of 99.4% of their asking price last month compared to 102.5% in August 2021.