Simply, interest rates influence how much a mortgage is both in a lifetime and a monthly payment. In the last few weeks of January 2023, we’ve seen interest rates hover around the upper-5% to lower-6% range for a 30-year fixed rate mortgage
2023 Housing Trends for Buyers, Sellers and More in Denver, Part 2
Last week, in part 1 of this series, we talked about 2022 market recap and buyer trends we’ll likely see in 2023. This week, we’ll continue by talking about seller trends and hot topics to keep in mind for this new year. Remember, CHR CEO Matt Hudson estimates a strong year overall for 2023 and says sellers will have a …
2023 Housing Trends for Buyers, Sellers and More in Denver, Part 1
We believe Colorado real estate will be strong in 2023, most likely experiencing a 2-5% appreciation in the first half of the year. Inventory will remain relatively low as a result of current homeowners’ reluctance to give up their existing low-rate mortgage
Denver Market Recap for Year-End 2022
I enjoy providing my clients with any kind of helpful resource or data I can, so as part of an ongoing series from Colorado Home Realty (CHR), I’m going to start sharing market recaps every month so you can know where we stand so you can make the best decision for you and your circumstances.
Winter Vacations and Day Trips (that aren’t skiing)
Even if you’re not a skier, Colorado hosts a full season of fun winter activities that range from short day trips to long winter vacations to ring in the new year!
Remodeling Projects That Can Help Your Home Value (Pt. 2)
As mentioned, even in this market, home repairs can be detrimental to your home’s overall value. There are certain projects that can decrease the value and the price of your home.
Remodeling Projects That Can Help Your Home Value (Pt. 1)
Major home remodeling can be costly and inconvenient, but it can also greatly raise the value of your house. Even in this market, home repairs can be beneficial to your home’s overall value.
Pros and cons of buying down an interest rate
In short, buying down interest rates is when a buyer puts down more money upfront to reduce interest rates and the mortgage amount in total
Getting your home and yard ready for winter
As we all collectively lay back and finish digesting the big meal from the Thanksgiving holiday this week and enjoy our time with friends and family, we may be reflecting on the year we’re in as well as the pending new year ahead. Holiday season is officially upon us and hopefully many happy gatherings lay ahead which means a lot …
The 4 Types of Home Loans
Individual variances may impact which loan type is best for you and your situation. Below is a quick high-level breakdown of the 4 major loan types: conventional loans, FHA loans, VA loans or USDA loans
How can downsizing your home help you retire sooner?
Remember that downsizing a home is not the same as going back to renting so even when you downsize a home you’re still getting the same benefits as a homeowner.
Why buying a home is better than renting
There are so many great benefits to being a homeowner that include not just financial rewards but also psychological perks.
Your Guide to Halloween Events in Denver from Doug Phelps
Halloween starts the kick off for the holiday season and if you and your family are looking for something fun to do, I’ve compiled a list of activities in Denver.
Why your second home should be on a golf course
Many families and individuals like expanding their financial portfolio with real estate: namely rental property or a second home. For those looking for a second home, you should consider looking at a golf course home.
Deed theft: Protect Yourself
In our digital world, scammers can steal your bank information and credit card number but a new kind of identity theft is leaving immense fear and damage in its path, called deed theft.
Is it harder to get a home loan now?
Yet another drawback of inflation and ever-rising interest rates is the possibility that it’s harder to qualify for a home loan. Just how much harder is it to get a home loan when interest rates change?
Make your home ADA compliant: 8 Helpful Tips
About 26% of all Americans have a disability so a home that is ADA accessible (compliant with the Americans with Disabilities Act of 1990) could be a hot commodity when you go to sell your home.
Live in an HOA community in Colorado? Get to Know HB22-1137
In quick summary, HB-22-1137 addresses policy changes regarding collections and compliance in regards to that practice.
10 Things to Consider When Investing in Rental Property
Thousands of people move to Colorado every year and rental property is a great investment. Those looking for property to rent in the Denver metro area may be looking on either a short-term or long-term basis
17 Costly Mistakes New Homeowners Make
Here are 17 common mistakes new homeowners often make and that you should NEVER do to your home under any circumstances.