Let’s look back a year. 2022 saw a meteoric rise in home values in the first four months of the year, driven by incredibly low interest rates in the 3% range for a 30-year fixed mortgage and the lowest inventory on record in Colorado. The average price per square foot for a single-family home in… [Read More]
Denver Real Estate Market Summer 2022
We are exactly where we expected to be. The only unanticipated change to the Colorado real estate market is the speed at which we experienced the impact. Seemingly overnight. Yet, we’ve been expecting this since January. There is a direct correlation between the rapid rise in mortgage interest rates in the spring of this year… [Read More]
What happens when there is an increase in interest rates?
A rise in interest rates is imminent. Look here to see how this could affect your buying. If you have saved your hard-earned money to buy a home, do it as soon as possible to capitalize on locking in the lowest rate available. Your purchasing power will continue to decrease with every tick-up in
Thinking about downsizing?
I have had clients come to us wanted to downsize but then get a little ‘stuck’ in that process. Where to begin, where will we downsize to, how will begin the process of downsizing all that we have accumulated over the years. Indeed, it is quite a move, especially if you have lived in a… [Read More]
What is a Post Closing Occupancy Agreement
Post Closing Occupancy Agreements are now a very common request in the Denver market. What a Post Closing Occupancy Agreement does is allows a Seller to close on their house, and then live as a ‘renter’ in their house and the Buyer becomes the ‘landlord’. A Seller would normally request this if they are… [Read More]