If you’re thinking of buying or selling, now is the time to have a heart-to-heart conversation with a real estate professional in your market, as things are about to change in an unexpected way.
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The moving process can become overwhelming due to the number of items on your move-out checklist. Don’t allow this potentially stressful time to stop you from accumulating the most wealth for you and your family. As a homeowner who’s planning to move in the near future, you can implement the following pieces of advice to build wealth while moving.
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Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.
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In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.
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Today’s buyers are motivated to purchase a home this year, and that’s great news if you’re thinking of selling.
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Understanding the rise in mortgage rates and how they affect your purchasing power is important to knowing when you should make a move.
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There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.
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If you’ve been in your home for 5-10 years or more, now might be the time to explore your options. Today’s low rates and your built-up equity could provide you with the opportunity to address your evolving needs. If you feel it’s time to sell your home in the Boulder/Denver area, let’s connect.
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Here are 4 great reasons to consider selling your home in the Boulder/Denver area this fall!
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Five reasons today’s housing market is anything but normal.
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With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.
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Homeowners can use the equity in their homes to pay for home improvement projects, college tuition, medical bills and other expenses. Equity is the calculated difference between the current market value of the residence and the principal balance owed on any loans secured by the property. Home Equity Loans and Home Equity Lines of Credit (HELOCs) are two forms of low-interest rate financing. They allow borrowers to access equity without selling their homes.
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Yes we are in a seller’s market. But just because it’s a good time to sell, doesn’t mean that it’s not also a good time to buy. Here are some of the concerns buyers have right now and why this still might be the best time for them to buy a home.
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When it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too.
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Home prices are expected to continue appreciating over the next five years, and the associated equity gains are the quickest way homeowners can build household wealth.
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If you are thinking about buying a home in Boulder or Denver Colorado, you may wonder if buying a home is still affordable. Today on the blog we show you that due to several factors, buying a home is still affordable and this is true for real estate in Boulder and Denver as well.
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Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.
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Real estate industry experts and economists believe that home prices will continue to appreciate and that the housing market is strong. We believe this is especially true for our local Denver and Boulder area real estate market.
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The financial benefits make it clear that doing so now is much more advantageous than waiting until next year.
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