Financing your new Denver home

There are currently 13 blog entries related to this category.

Meet Your Agents: Erin Maul

Tuesday, September 17th, 2013 at 8:37am. 908 Views, 0 Comments.

maul_9858e_720Erin Maul, Broker Associate 

Cell: 303.808.0434

Email: erin@dwell-denver.com

A true native, Erin brings a love for her hometown to everything she does. Her enthusiasm is contagious too. With a tale or two about her two adorable Boxers and some insights on the Broncos, Erin will skillfully guide you through the home buying and selling process. You may even find a new favorite restaurant or pub to enjoy after as well!

How long have you lived in Colorado?     I’m a proud Colorado native!  Other than a short stint living in Phoenix, I have been here my whole life.

Why did you choose to make Denver your home?     Because Phoenix was WAY too hot!

Favorite weekend activity?     Most weekends you will find my boyfriend, Cain, and I at the park

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Meet Your Agents: Merlin Parker

Friday, January 11th, 2013 at 8:09am. 521 Views, 0 Comments.

merlin_120_01MERLIN PARKER, Broker Associate 

Cell: 720.937.1266

Email: merlin@dwell-denver.com

Merlin will guide you through the selling or buying of a home like a trusted friend. His clientele is made up of quite a few repeat customers - we think they like hanging out with Merlin just as mush as they like the properties he helps them find! We think you'll adore him as well. We're grateful for the time Merlin took to answer our Q&A and give us his insights on the Denver he loves.

How long have you lived in Colorado? 29 years.

Why did you choose to make Denver your home? I originally moved here to attend college. I have left for brief amounts of time, but choose Denver as my home because it’s a thriving, liberal city with great weather and fun outdoor

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Denver Real Estate Market Conditions: 2013 Brings a Seller's Market

Thursday, January 10th, 2013 at 8:00am. 441 Views, 0 Comments.

We've been saying it, you've been reading it, and the numbers back it up: Denver boasts one of the strongest housing markets in the country and is one of only a handful of true seller's markets. 

A quick market snapshot, courtesy of the Denver Metro Association of Realtors:

happy_denver_homeowners_400.

  • On average, a single family home sold for just under $254,000 in December of 2011, and in December 2012 that average rose to almost $290,000.
  • The number of homes on the market, which in December of 2012 was the lowest since 1998, has driven up sale prices.
  • In November and December of 2011 the number of homes sold or under contract outnumbered the number of homes available.
  • Inventory of single family homes in December of 2012 was down 28% from the previous December.

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Denver Real Estate Market Conditions: Mortgage Rates

Wednesday, November 7th, 2012 at 10:10am. 830 Views, 0 Comments.

If there was ever a time to buy, it’s now. The Denver real estate market is leading the country in strength and recovery, and mortgage rates are still at a record low. The Mortgage Bankers Association does predict that rates will slowly rise over the next year, but still remain well under the rates of years past.  

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What does this mean to you, the average homeowner? The current lack of inventory creates a seller's market, but the low mortgage rates help your buying dollars go farther with a new home.

Let’s look at a recent Dwell Denver sale as a case study:

The Combs family bought their first 3 br/2 ba home in Littleton in 2006 for $234,000, and then the market fell. They lived in the property for the next 4 years, making a few improvements but

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Does it feel like your Denver Real Estate house hunt is taking too long? Here are some tips to tighten it up!

Thursday, November 10th, 2011 at 4:54pm. 2,100 Views, 0 Comments.

In a market where the inventory has dropped significantly, all the "good" homes are snatched up and you, as a buyer, are nervous about a number of different things, it may seem as though your house hunt is taking FOREVER.  I know I experience it with my buyers and we've had to become patient hunters waiting in the bushes for the perfect deal.  I found this interesting article written by a broker in San Francisco named Tara-Nicholle Nelson, who is experiencing the same thing.  I found it to be great advice and wanted to share it with you!

 

Some people have home-finding stories that are the real estate equivalent of the skywritten marriage proposal tales. They drove by their dream home, knocked on the front door and the elderly owner offered it to them

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A Gentle Reminder: The key to a good investment is buying low and selling high

Friday, August 5th, 2011 at 10:57am. 432 Views, 0 Comments.

I'm a big fan of gentle reminders.  I much prefer them over big slaps in the face the universe has a tendency to hand out.  It seems like every time I turn on the news these days, I get one such slaps in the face.  But I make it my goal to look on the bright side.

I constantly remind myself that there are cycles to everything and we shall recover from this cycle one day.  In fact, there is opportunity when it seems as though things couldn't get any worse.  This is certainly true in the context of the housing market.  As with any investment, the key is to buy low and sell high.  You go to Nordstrom to stock up when they have a sale.  You do the same at the grocery store.  Why wouldn't you do the same when it comes to the largest purchase you will ever

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Selling your house? Why waiting might not be a good idea.

Monday, July 25th, 2011 at 10:35am. 324 Views, 0 Comments.

I wanted to share this article from one of my favorite real estate experts.  I have found that in our local Denver area market this is very good advice.  Please contact me if you'd like to talk more about it!

There have been some bright spots in the residential real estate market over the last couple of months. Several price indices have reported a stabilization of prices and some regions have even shown small levels of appreciation. This has led some to believe that we may have reached a bottom for home values. We must realize that what we are actually experiencing is a ‘window of opportunity’ as the banks are delayed in bringing certain inventories of distressed properties to the market. Let’s look at what others are reporting:

Bloomberg

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4 Reasons To Buy Now: Why jumping into the Denver Real Estate Market makes sense right now

Wednesday, June 22nd, 2011 at 12:22pm. 469 Views, 0 Comments.

According to Steve Harney, a leading real estate expert, there are 4 really good reasons to jump into the Denver real estate market right now.  

1)  Interest Rates Are Increasing

Interest rates have increased almost 1/2 of a point in the last six months. Most experts expect rates to continue to increase through the year. Interest rates along with price determine the overall cost of a home. Even with prices softening, if interest rates rise, it may be less expensive to buy now rather than wait.

2)  The 30-Year Mortgage May Disappear

There has been much debate regarding government’s role in providing support for homeownership. There are several experts who believe If Fannie Mae and Freddie Mac’s roles are eliminated, or even limited, it may be

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Mortgage Rates Reach Another Low for 2011

Tuesday, June 7th, 2011 at 4:05pm. 442 Views, 0 Comments.

I thought I'd post this quick update on mortgage rates.  When buying a home, it's not just the cost of the home that counts it's the cost of getting the home that can have a huge effect on your monthly payment.  For a 30 year fixed loan, as they say, money's cheap.  If you're thinking about buying, there hasn't been a better time this year.

For nearly two months, mortgage rates have been steadily dropping, and this week rates reached another low for the year, Freddie Mac reports in its weekly mortgage market survey.

Here's a closer look at average mortgage rates for the week:

30-year fixed-rate mortgage: The most popular financing choice among buyers, the 30-year fixed-rate mortgage continued to drop this week, averaging 4.55 percent.  Last week it

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Home Remodeling a Forward Indicator of Housing Bottom

Thursday, May 19th, 2011 at 11:02am. 465 Views, 0 Comments.

Home Remodeling a Forward Indicator of Housing Bottom

Brought to You By:
MortgageNewsDaily.com

Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI)released on Friday.  The index rose to 46.5 in the first quarter of the year from 41.5 in the fourth quarter of 2010. 

The current RMI is the highest the index has been since the fourth quarter of 2006.

The RMI is based on builders' perceptions of current remodeling activity and on indicators of future activity such as calls for bids.  In addition to the RMI there is an index reflecting each of its two components.  Any score of less than 50 indicates more respondents view the

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