The Denver Real Estate Broker Blog
After all the talk of the booming real estate market and rising home prices in the metro area over the past couple years, you’ve finally decided to sell your Lowry Denver home. Now what?
In a highly competitive market like Denver, It’s especially important to make your house as attractive as possible in order to stand out to the ideal buyer. What’s the best way to do that?
Here are eight marketing and open house tips that are sure to help sellers get a 10 percent or more boost to the sales price for Lowry Denver homes.
A Clean Home Sells - A messy house knocks thousands of dollars off the sale price. Cleaning your house thoroughly is a prudent idea. It’s low-hanging fruit that far too many sellers don’t pick.
Price Your Home Right - It’s obvious that pricing too low takes money out of your pocket. However, overpricing your house does the same. In the real estate industry, new listings shine the brightest. If you price too high in the beginning, your house will stay on the market. People will wonder why you haven’t sold, and the perceived value of your house will dip.
Don’t Leave Repairs Undone - Leaving a repair undone will cost you more than the repair itself. It adds negative emotions like doubt to the equation. Buyers will wonder what else you left unrepaired.
Make Sure Your House Smells Great - Do you have odors from pets, smoking, or cooking? Remove all traces of these smells before showing the house to buyers.
Communication Is King - People want to feel their time is respected. Don’t delay requests for information about the house and sign contracts promptly. Dawdling is an unnecessary irritant.
Photos and Videos Matter - Just like on Amazon or Ebay, good photos and videos will attract better buyers.
Buyers Must Envision Living in Your House - Take your pictures and your personal items out of the house. Your house needs to feel as if it would suit anybody. That way the buyer can picture themselves living there.
Experience Counts - A skilled, trusted, and proven real estate agent will sell your house in the least amount of time for the most amount of money.
Interested in maximizing the sale price of your Lowry Denver Home? Contact the Neir Team today to get expert advice that will put more money in your pocket....
More than one in five first-time homebuyers report having at least one major regret with their purchase. We don’t want first-time homebuyers in Denver to have to deal with the same dissatisfaction.
Buying a house can be a fun and rewarding experience without disappointment. The best way to avoid any big mistakes that end up costing you frustration or money down the line is to learn from the most common regrets of those who came before you.
Here’s our list of the most common regrets of first-time homebuyers. Listen up, because avoiding these mistakes will go a long way to ensuring that your experience is everything you want it to be.
Common Regrets of First-Time Homebuyers in Denver
62 percent of first-timers report that they outgrew their home faster than they thought they would. These buyers wish they had done a better job of predicting the amount of space they would need as their families and assets grew.
40 percent say they ultimately feel they paid too much for their first home.
38 percent wish they had budgeted more accurately for the costs of maintaining a home. More than a third of first-time homebuyers say they underestimated all the little expenses that go into repairs and maintenance.
34 percent would search around and negotiate more to find a better mortgage rate if they could do it over again. Many feel they are paying too much. “We should have put more money down upfront” is another common regret that’s highly related.
25 percent say they ended up not liking the surrounding neighborhood they moved into.
These are just a handful of the pitfalls that can spoil one of the biggest investments of your life. If you want to ensure a happy and successful experience as a first-time homebuyer in Denver, you should contact the Neir Team.
720.280.3004 or 720.935.4399 to get expert advice for first-time homebuyers!...
In the 2016 U.S. News Best High Schools report, there were well over 100 Colorado schools that received recognition. There were 14 that earned gold medal honors and another 35 that earned a silver.
Let’s take a closer look at a handful of Denver-area high schools that ranked the highest.
Best High Schools in Denver
KIPP Denver Collegiate High School
KIPP ranks number two in Colorado and number 164 in the nation for high schools. Some of the reasons cited for its high ranking include the Advanced Placement exam and course options and the 95 percent AP participation rate. KIPP students achieved a 73.5 on the college-readiness index.
DSST: Stapleton High School
Like KIPP, the DSST student body has very high participation rate in AP programs (79 percent) and wide access to Advanced Placement exams and coursework. As a whole, the school scored a 70.2 on the college-readiness index.
Denver School of the Arts
DSA is the eighth highest rated high school in Colorado and number three in Denver. The relatively low 22:1 student to teacher ratio, the very high english proficiency scores of the student body (94 percent), and the high AP participation rate (84 percent) are all reasons why the Denver School of the Arts cracked the top ten in Colorado and achieved a national ranking of 298.
Learn About Other Top Schools in Denver
To get more information on top high schools, middle schools, elementary schools, and private schools in neighborhoods all over Denver, check out the Neir Team’s section on Denver’s best schools.
If you’d like to talk with a real estate expert about finding a home in the best school district for your kids, call the Neir Team today!
Call 720.280.3004 or 720.935.4399
Shopping for a new home is an exciting time. Hopefully, your search is inspiring you to envision a bright future for you and your family in the house of your dreams.
It's not a time when you necessarily want to start thinking about things that could go wrong down the line, but that's just a necessary part of being a savvy home shopper and owner.
Securing the right kind of home insurance is absolutely essential to having a good experience with your property investment.
Here are a handful of the key do's and don'ts when it comes to Denver home insurance:
Bundle for convenience -- bundling with other types of insurance MIGHT save you some money, but that doesn't mean it's the right choice. It might be right for you, but don’t automatically assume it without doing your due diligence.
Pay for land -- Protect the buildings and structures you own, but don't be talked into insuring the land they sit on.
Forget to protect additional items -- special items, like jewelry, that are contained within your home will require additional insurance. Don't forget to protect these valuable as well.
Check for special rates -- good credit, your age, or certain features of your home could all earn you discounted rates, so do ask any prospective home insurance provider.
Shop around -- get multiple quotes to ensure you get competitive rates and services from the provider you ultimately choose.
Take note of limits -- if you have limited time to file a claim after an incident, you need to be aware of the restriction. Ask for info about limits and get it in writing.
Photograph damage immediately -- if an incident does occur, make sure you get pictures or video of the affected areas of your home as soon after the event as possible....
Unless you're paying entirely in cash upfront, you will need to get a mortgage to buy a new home in Denver.
To qualify for a mortgage, you're going to authenticate the income and tax information in your application by providing a list of documents.
Do you have everything you need? Check out the list of the required documents to double check:
- Signed disclosures
- The social security card belonging to each person involved in the purchase
- A list of home addresses for all properties lived at in the last two years
- Two to three months of bank statements
- Two previous pay stubs
- Proof of down payment
- Previous two years' W-2 forms
- Previous two years' tax returns
- The purchase contract (if it's available)
- Details of your employment
In certain circumstances, a borrower may also have to provide:
- Evidence of other income (child support, etc.)
- Divorce settlement papers
- Balance sheets (if self employed)
- Gift letter (if, for instance, parents are providing the down payment)
- Evidence of other debt (student loans, credit card debt, etc.)
Some Other Requirements
- After completing your mortgage application, you will need to provide consent for the lender to proceed. This gives the mortgage provider permission to investigate your application.
- After all required documents have been submitted and the application is completed and submitted, the lender is required to give you a Loan Estimate within three days. This estimate will summarize your monthly payments and loan terms.
- Before approving the loan, the lender must order a home appraisal. An appraiser then determines the property's market value based on factors such as
- The number and size of rooms
- Recently sold comparables
- Unique features or amenities of the property in question
Appraised value affects the amount and terms of the mortgage.
Once everything above is complete and the borrower is in agreement, the final approval can be given by the lender....
With the intense competition for existing homes in Denver, more and more buyers are looking to new home builders for a solution.
While building a new construction home in Denver does solve one problem, it also presents a few unique challenges that buyers need to be aware of.
Here are some things you should be aware of before you decide to go the new construction route.
In some cases, new construction homes are part of larger development projects that won't be complete for years. If you're on a short timeframe for moving into a new home, these situations won't work for you. Make sure your new home would be move-in ready within a reasonable amount of time.
There are different definitions of "move-in ready." If you're going to be expected to live in a home surrounded by dirt, machinery, and loud construction noise for the first year, you need to be aware of it. This can be the case sometimes when one new construction home is part of a larger development that is still in progress.
Model Home vs Real Home
Builders are excellent at creating model spaces that appeal to buyers. However, sometimes the actual home doesn't appeal to the buyer quite as much as the model did. Make sure your attraction to the space and design goes beyond the professional staging and finishing that only applies to the model.
The model home may have had tons of high-end appliances, but that doesn't mean they'll be included in your new construction. Find out what's included and discuss your needs with the builder.
Make sure you get the developer's projected finish date down in writing. This should be official in case any disputes arise later.
Buying a new construction home in Denver can be a great choice if you go in prepared.
Alex and Stacy Neir of the Neir Team are experts in helping Denver homebuyers get the new construction home of their dreams. To get their assistance on your real estate search...
Call Stacy Neir at 720.280.3004 or call Alex Neir at 720.935.4399...
Are you confused by some of the terms popping up in your first attempt to buy or sell a home in Denver?
Don't worry, you're not alone. The real estate industry is filled with unique terminology that can trip up homebuyers, sellers, and even unseasoned agents.
Here are some quick definitions for the terms that you're most likely to encounter.
Appraisal -- It's the estimated value of a property
Certificate of Title -- The document that verifies the home is legally owned by the person claiming to own it
Closing Costs -- All of the expenses and fees associated with closing a home purchase. They can add up to as much as 4-6 percent of the cost of the home.
Contingencies -- Certain conditions that need to be met in order for a buyer's offer to be accepted and for things to proceed
Due Diligence -- Actions that the buyer should take to protect their real estate investment
Debt to Income Ratio -- To qualify for a loan, your monthly debt should add up to less than 43 percent of your monthly income.
Earnest Money Deposit -- A payment the buyer includes with their offer in order to prove serious interest to the seller.
Escrow -- An account where all closing costs are collected while the lender approves the deal.
FICO Score -- A numerical value assigned to a buyer based on their credit history.
Good Faith Deposit -- A payment made to the lender at the time of the offer to show serious interest.
HOA -- Homeowners associations (HOAs) are organizations that set and enforce rules and standards for properties within their community.
Prequalification -- the process through which lenders determine if a borrower is qualified to receive a home loan.
Need more help understanding the complex terminology involved in buying or selling real estate in Denver? Contact the Neir Team for assistance!
Call Stacy Neir at 720.280.3004 or call Alex Neir at 720.935.4399 today!...
Crisp, high definition photographs are an essential part of a real estate listing. If the pictures of your home aren’t as good as the pictures of competing homes on the market, it might not even matter that your property is actually better in real life.
Image is everything when it comes to real estate listings. If you want buyers to fall in love with your home and offer you your ideal price, you need to make the listing photos a priority from the start.
Here are 5 common real estate photography mistakes that you should avoid if you want to create an excellent listing for your home:
Blur is caused by a shaky camera. The best way to avoid it is to use a tripod. It's a relatively cheap solution to a problem that will sink your listing photos. Set a tripod and camera up at chest height and you're much more likely to get sharp, appealing photos that entice buyers.
Get rid of the clutter! Putting personal items away, removing items from counters, and taking unnecessary decor from walls and corners are all essential steps for preparing a home for sale to be photographed. Also, please remember to put the car in the garage for exteriors.
If your home looks crooked in photos, you might as well not provide any pictures in your listing. Use your camera settings to open a grid in the viewfinder. This will help you keep things level when aiming and focusing.
Turn off your flash! Direct, natural light is the only way to go for real estate photography. To keep window brightness from ruining the shot, just adjust the exposure to a spot on the wall.
When framing a shot, try to capture as much of the space as possible without bringing in too much ceiling. It might even be worthwhile to invest in a wide angle lens.
To talk to the Neir Team about all the elements of an excellent listing in the Denver real estate market, call Stacy Neir at 720.280.3004 or call Alex Neir at 720.935.4399....
When you’re in the market for a new home, It’s all too easy to fall in love with a property at first glance and forget about all the potential challenges.
Buying a home, you have to think about the long-haul as well as your first impression. Here’s a list of 10 items that you should check off for every new property you look at in Denver. If you complete this checklist every time, you have a much better chance of ending up with a home that keeps you happy for years to come.
Research to find out whether or not the property has had any work done on it and whether or not it was properly permitted
Determine if the property is part of a home owner's association. If so, research any rules or restrictions that apply.
If there is an existing HOA in place, is it financially healthy and able to enforce its own restrictions?
If there are frustrating restrictions on vehicle parking, that can be a deal breaker.
Future Area Plans
Are there any construction projects planned for the area surrounding the home that would impact its future value?
Hire a home inspector to verify that the property's air conditioning and heating systems are working properly
Roof Life Expectancy
The inspector should also be able to tell you the condition of the roof and how long it's expected to last before requiring replacement or significant repair.
Research the school district and local elementary, middle, and high schools to judge their suitability for your children.
Are there any neighborhood rules or restrictions pertaining to pets? That would be good to know before you buy.
Area Days on Market
Research already sold homes nearby to see how long they were on the market. That will give you an idea of the general perception of local real estate....