If you can't qualify for two mortgages and want to buy a new home, you will be faced with having to sell your home before being able to purchase the new home. Logically, it seems you would just make … Continue reading...
Ship Is Sailing For Denver Home Buyers Waiting For Market To Slow (Don’t Be ‘That’ Guy)
We are continuing to see record low number of homes for sale in the Denver metro areas. In the last 7 days almost 2X as many homes have gone under contract than have came on the market. Here … Continue reading...
Big Changes to Mortgages Make Them Easier TO Qualify
As we head into the new year, a couple of HUGE changes are being announced that will make qualifying for a mortgage easier. Let's take a look at the highlights: 1) Minimum Downpayment for … Continue reading...
New Housing Starts & Permits Fall: Is Market Correcting?
U.S. housing starts and permits fell in November but overall the housing market seems to still be improving. Groundbreaking on new homes (Single family + Attached Homes) dropped 1.6% after seasonal … Continue reading...
Rental Scams Increase – The Owner is NOT a Pastor Doing Mission Work in Africa!!
In the last few months quite a few people have been asking me about rentals and what I thought about the home they are considering. Both times the landlord had a poorly written email and was … Continue reading...
Multiple Offers: How To Get Yours Accepted
What do I do if there are multiple offers on a home I want to buy? This is a common theme in today's Denver and Boulder Colorado real estate market because inventory is low right now. There isn't a … Continue reading...
HOA’s in Colorado are FINALLY Regulated!
Good news if you live in an HOA - they are finally REGULATED!!! The Colorado Division of Real estate has launched the HOA Information Office and Resource Center to oversee HOA's and help protect the … Continue reading...
Mortgage Rates Fall – Likely Decline Further W/Fed Announcement!
Borrowers Dodged Higher Rates For Now.... Rates could have shot up this past Wednesday if the Fed announced the tapering of its bond-purchasing program....but instead the said they "decided to await … Continue reading...
How Rising Interest Rates Are Affecting Colorado Real Estate Market
It's no secret that after years of historic lows, mortgage interest rates are rising and will likely close in on 5 percent by mid-2014 and go even higher in 2015. They averaged 3.5 percent in early … Continue reading...
Rising Mortgage Rates May Spark Buying Frenzy
Interest rates are rising.....and some buyers are feeling anxious to close on their purchase so they don't miss out on historically LOW interest rates! Mortgage rates have seen a sharp rise in recent … Continue reading...