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Fewer Home Sales Mask Supply & Demand Patterns

In Homeowners by Doug PhelpsLeave a Comment

You are likely hearing ‘everywhere’ that the availability of resale home inventory in the Denver metro area is low.  It has also been reported that there have been fewer homes sales so far this year.  This makes it look like both supply and demand are down for the year. In reality, neither is true.  It can all be confusing so …

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What Makes Some Homes a Better Investment Than Others?

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Most everyone wants to make a good investment in their home. The longer one stays put the greater the chances are to accumulate equity. Some homes and some neighborhoods do considerably better when it comes to appreciating in value. What factors might make one home a better long term investment over another? Consider: Quality of schools.Even if you don’t have …

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Benefits of Using an Agent When Buying a New Build Home

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New home builders and their staff are good people by and large. However, they are the seller and you are the buyer. Sellers and buyers always have different objectives and agendas. It is smart to have someone equally skilled as the builder’s representatives to help look out for your best interests. Because they won’t. The Agent is Paid by the Builder.  …

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Multiple Offers Impact Buyers … and Sellers

In Buyers, Sellers by Doug PhelpsLeave a Comment

Multiple offers on a given property have been a part of our current strong seller’s market. One can easily see how this can create frustrations for buyers. It often creates headaches for sellers too. What is a seller’s market? Defining this is typically done by looking at the number of months of inventory on the market at any one time …

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New Construction Pros and Cons

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Buying a newly built home or one that’s been previously lived in have their advantages and both have people who love them. A newly constructed home is the most expensive item most families will ever purchase, easily more expensive than buying a previously owned home. However, the trade-offs are worth considering. Benefits of Buying a New-Built Homes A new construction …

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Buying Brand New Homes … and Chess

In Buyers by Doug PhelpsLeave a Comment

Imagine – you are back in high school and that you play chess about once a year.  A nerdy guy asks you if you want to play a “quick” game.  It just so happens that behind those pimples, thick-rimmed glasses, and pocket protector is the president of the school’s chess club. How’s that game going to work out for you? …

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Staging: The Economical Remodeling Alternative

In Homeowners by Doug PhelpsLeave a Comment

Here is a rather typical scenario: An agent is working with a seller and a home stager to get a house ready to go onto the market.  They have done a bunch of low-cost and even no-cost things that have made the house show better, so it will stand out in the emotional thoughts of potential buyers.  The client says, …

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Get Referrals for the Services YOU need

In Homeowners by Doug PhelpsLeave a Comment

I and my colleagues at CHR believe in working by referral. Doing so allows us to focus on our clients and their needs before, during and after closing a real estate transaction. Purposely, the bulk of our business comes from past clients and friends who refer us to the important people they know. I love the concept of working by …

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Gift Idea: Money for a Down Payment

In Buyers by Doug PhelpsLeave a Comment

The holidays are over. For lenders however, gift giving is on their mind all year long. This is because many loan programs allow some or all of the down payment to come as a gift from a family member. An FHA loan, which is available to everyone and not just for first time homebuyers, has a down payment requirement of …

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Call Early When Needing to Sell

In Sellers by Doug PhelpsLeave a Comment

Agents sometimes get calls that go something like this: CALLER: “Oh … I’m glad I caught you. I want to sell my house and need to have it on the market by this weekend.” AGENT: “Great! I’m so glad you want me to help you with your home sale. Are you aware that it’s Thursday…Thursday afternoon?” CALLER: “Yeah. Sorry for …

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Home Inspection – Always Smart to Do

In Buyers by Doug PhelpsLeave a Comment

Every Buyer wants a house that is in perfect condition. In reality, this seldom happens. Defects are common, even in new construction houses. This is why it is important that a professional home inspection be done. In Colorado, a Buy/Sell Contract allows an inspection to happen in a short time frame after a Buyer’s offer for a property is accepted …

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Understanding the True Condition of a Home

In Buyers by Doug PhelpsLeave a Comment

There are two ways that a Buyer can combine to understand the true condition of a house they want to buy. Prior to a sale, a Seller in Colorado fills out a disclosure document called a Seller’s Property Disclosure. In the document the Seller answers several questions about the property to the best of their knowledge, revealing all known defects. …