Wednesday, March 25, 2020

The 2 Main Ways Covid-19 Have Impacted The Real Estate Industry.

Photo by Martin Sanchez
The Covid-19 virus has been like a category 4 Hurricane hitting the entire country as once.  It has shut some industries down completely while changing the way other industries do business.  The situation is fluid and changes daily. For now, here are the two main ways the Corona virus has impacted the real estate industry.


Shelter In Place
Shelter in place is being implemented across the country. The stay at home orders require residents to stay indoors except for certain essential personnel or those who need to go to work in essential businesses and services.  Potential buyers who are under shelter in place will have to forego the traditional way of viewing homes and rely instead on videos and virtual tours.  Additonally, as an agent, unless your local government has deemed real estate an essential business, you will not be able to work. In Denver, Real Estate is an essential business. 


Social Distancing
Real estate brokers have an obligation to exercise reasonable skill and care and should adhere to best practices to protect the general public, their clients, and themselves during this time of uncertainty.  This mean following the recommendations of the federal, state, county, and the Dept of Real Estate.  NAR has suggested agents no longer drive clients to showings. Showing services have stopped overlapping showings with mulitple agents and their clients.  Listing agents are now implementing 3D tours and live streaming open houses and buyer's agents are live streaming home tours for their clients. Some title companies have requested  Lenders and Agents not attend closing and/or have  implemented curb side closing where buyers and sellers will be able to close while sitting in their vehicles. For a limited time, Fannie Mae and Freddie Mac are allowing exterior-only appraisels or desktop appraisels for certain transactions.



Friday, November 1, 2019

Top Tips for House Hunting Online

Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.

Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.

Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.


See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Tuesday, October 1, 2019

Which Down Payment Strategy Is Right For You

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.

But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE

The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE

The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM

Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.


When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.


Thursday, August 1, 2019

What To Repair Before You List

When you’re getting ready to list your home, it’s of the upmost importance to ensure you are showing it in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. Here are our top five recommended repairs to make before selling your home.

Repaint walls.

Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.

Repair floors.

Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing them. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!

Refresh the landscaping.

Show buyers your home is the full package by dressing up the outside as well as the in. Clean walkways and driveways, plant seasonal flowers and plants, trim hedges and trees, install outdoor d├ęcor pieces and fill in mulch and gravel.

Fix your fixtures.

Leaky faucet? Rusted drains? Loose drawer handle? Making these small fixes can make a big difference to potential buyers with detailed-orientated minds. Improve your kitchen. An outdated kitchen can be a real eyesore in a home. Updating cabinetry, repairing or replacing countertops, and installing new faucets and sinks may be worth the investment

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Saturday, June 1, 2019

Great Apps for Easy Home Decorating


Technology has made it easier than ever to bring your home decor ideas to reality. There are countless smartphone apps that help you plan a space or do some valuable comparative shopping. Here are five apps to use on your next decorating project. Most are available on both iOS and Android devices.

Color Capture: Ever see a color that would make for a perfect paint scheme? Benjamin Moore’s Color Capture app allows you to take a photo of anything and instantly get a matching paint color.

iHandyLevel: Hanging photos and artwork? Rather than searching through your toolbox for a level, you can use something that’s already in your pocket: Your phone. The iHandyLevel app functions just as well as a dedicated level, turning your phone into the ultimate picture-hanging companion.

LikeThatDecor: Let’s say you see the perfect Chesterfield sofa in a coffee shop, and you want to see where you could get one of your own. Use the LikeThatDecor app to take a photo of furniture and instantly see similar items from dozens of retailers.

IKEA Catalog: Forget about the nightmare of navigating the parking garage, showroom, and warehouse at your nearest IKEA. The IKEA Catalog app allows you to virtually place furniture in a room. If only there was an app for easy IKEA assembly!

DesignSponge: DesignSponge is one of the best DIY and home decor websites out there. Now there’s an app that makes it easy to access all of their awesome content on your smartphone

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Wednesday, May 1, 2019

5 Inexpensive Home Improvement Projects


The cost of some home renovations can seem daunting, but not every home improvement has to break the bank. Here are five simple improvements you can make that will have a major impact, but are still relatively inexpensive.

 1. Add some trees: Want to add some curb appeal to your home and feel better when you’re pulling into the driveway after work? You won’t believe the difference a few trees can make. And compared to the cost (mature trees starts at around $1,000), they provide a great return on investment for you property value and can lower energy bills by providing shade.

 2. Add molding: Molding instantly adds a classy, sophisticated touch to any room, and if you do it yourself, it can cost less than $2 per foot. If you ever sell your home, buyers consistently say that molding is a big plus.

 3. Upgrade your ceiling fans: An efficient ceiling fan costs far less than air conditioning, and if your current ceiling fan is on its last legs, a replacement can totally change the look of a room.

 4. Energy efficient appliances: Still using the appliances that came with the home? Upgrading your range, fridge, or dishwasher won’t just give your kitchen a sleeker appearance. Newer, more energy-efficient appliances will also lower your utility bills.

 5. Invest in storage: One of the biggest ways to improve your home is to declutter. Throw out what you don’t need, and invest is some good storage solutions for what you keep.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.



Monday, April 1, 2019

How You Can Make Money With Investment Properties


You’re probably well aware that there’s more to real estate than just owning your home. There are countless success stories of people who made a fortune—or even just a comfortable extra income—by investing in real estate. Here’s an overview to get you thinking about an investment property.

Improving a home
Quickly flipping a home is one way to make money off a real estate investment, but it can be risky. A safer play is to buy a fixer upper and carefully manage costs over a year or so as you improve the property. You’re likely to get a great return.

Rental properties
Instead of selling your investment property, you can rent it and make a good monthly profit if the rent exceeds your costs. Renting to a stable, reliable tenant can put extra money in your pocket every month for years on end. You can even hire a property manager to handle repairs, rent collection, and other administrative tasks. And if you’re ever ready to stop dealing with tenants, you can sell the home and profit on the improvements and appreciation of your asset.

Multi-family rental properties
Renting out a single family home is a good starting place for investment properties, but you can get an even better return once you learn the ropes and move on to multi-family homes. Buying an apartment building or dividing a larger home into several apartment units comes with some added complications with taxes and regulations, but it also comes with huge income potential.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Friday, March 1, 2019

BEFORE YOU TAKE THE PLUNGE WITH A FIXER-UPPER, THINK ABOUT RESALE VALUE


We’ve all watched the HGTV programs that show a run-down old house transforming into a dream home. Tackling a big renovation project on an outdated property can indeed pay off big—both with the home of your dreams, and with a return on investment. If resale value is a primary concern, consider these factors as you’re making your fixer-upper plans.

Is the price right?
How much can you invest in a home beyond the sale price while staying in line with the value of homes in the neighborhood? You don’t want to improve a home to the point that it’s worth far more than the norm for the area. You’ll enjoy the property while you’re living there, but if you ever decide to sell, your ROI could be limited by the market value of nearby houses.

Low cost, instant equity
There are a lot of low cost and DIY improvements that will add equity almost immediately, such as rehabbing the landscaping and adding fresh coats of paint. These improvements add value to the property almost instantly.

What’s worth spending on?
A little elbow grease goes a long way, but there will inevitably be projects that require some serious spending. If you’re concerned with getting a return on your investment, focus your dollars toward the roof, floors, and the home’s exterior. They’re not flashy upgrades, but they’re important for future buyers. On the other hand, luxuries like a swimming pool are unlikely to see any return on investment.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Friday, February 1, 2019

5 Ways To Increase The Value Of Your Basement

The basement is usually an afterthought in homes, especially if it’s not already finished when you move in. The lack of natural light compared to the ground floor and above doesn’t always make for the most inviting space. However, there are plenty of ways to improve your basement that will both increase your home’s value and give you more space to enjoy.

 1. Home theater: Basements can be the perfect space for a home theater, as they already have little lighting and offer ample space and an escape from summer heat or winter cold. A TV mount and some simple built-in seating can be accomplished for under $2,000.

 2. Play room: Kids have a tendency to scatter their toys all over the house. Creating a playroom helps keep the mess confined to one area, plus basements often offer great storage capabilities. Just update the space to make it kid-friendly with features like egress windows, carpet, and a safe, finished staircase.

 3. A bar: Grownups need a play space too! Creating a bar in your basement is an easy upgrade and allows you to keep your gatherings focused in one room, making post-party clean up easier.

 4. Utility room: If you do a lot of gardening or other DIY projects around your home, add a sink and hose to give yourself a space for cleanup and storage. This is especially useful if you don’t have much room in your garage.

 5. Family room: You can keep your formal living room upstairs and add a second space that’s more focused on relaxation and watching TV as a family.


When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you

Tuesday, January 1, 2019

Five New Years Resolutions For You Home in 2019



 1. Start a home repair slush fund: Things in your home are going to break and need to fixed. It’s just a fact that comes with home ownership. Rather than letting expensive repairs take you by surprise, start planning for them. Set aside some money each month that you can eventually draw from when an appliance breaks or unexpected damage occurs.

 2. Inspect your fireplace: Even if you have a gas fireplace, you should still inspect the valves and ceramic logs yearly to ensure that everything is operating safely and correctly. If you have wood fireplace, hire a certified chimney sweep to do the job.

 3. Maintain your garage door: Garage doors are big and heavy, and that puts a lot of stress on the hinges and tracks that are use to open and close the door several times a day. A regularly scheduled $50 inspection could save you hundreds or thousands in the long run.

 4. Tune up your furnace: Regular furnace inspections will help identify minor problems before they turn into major ones. Also, set reminders to replace your furnace filter.

 5. Clean your coils: The No. 1 refrigerator maintenance task should be cleaning the condenser coils. They can get clogged with hair and dust, reducing your fridge’s efficiency. Have you cleaned yours lately? You can hire a professional to do it, but it’s also an easy do-it-yourself job.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Saturday, December 1, 2018

3 Ways to Ease Your Fears About Selling Your Home in 2019



With low inventory in many markets throughout the country, many homeowners are afraid to sell their homes because they’re concerned that they may not be able to find a new one.

This can be a real problem, but if you are seeking to sell—whether to upgrade or find a new neighborhood—there are a few ways to combat the low inventory.

1. Look to buy first
In most markets it is a real mistake to put your home up for sale before you start looking for your new property.

Identify the geographic area where you are interested in buying. Even if you don't see anything on Zillow, it doesn't mean you can't or won't find the right home.

2. Think outside the box
Be proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighborhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. You could find a home to buy that may not even be currently listed or for sale.

3. Protect yourself legally
Contingency clause can be added to the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Thursday, November 1, 2018

FIVE TIPS FOR A BETTER CLOSING DAY

Buying a home can be a long process. The last thing you want after all your time spent searching for homes and getting the best mortgage rate is to have everything go wrong on closing day. Here are five tips that’ll ensure it goes smoothly.

 1. Schedule a date that works best for you: You have every right to request the closing take place at an ideal time for you, and the other parties in the transaction will usually work with you to make it happen. Whether it’s timing the closing around a pay date or the end of a lease, the first step is finding a date that minimizes stress or conflicts.

 2. Clarify your payment: Many title companies do not accept personal checks, so give yourself a few days to get a cashier’s check or set up a wire transfer.

 3. Double check insurance: You’ll need to arrange for a title insurance policy for your mortgage and purchase homeowner’s insurance (plus flood or earthquake insurance, depending on the area). Make sure your policy begins by your closing date.

 4. Do a final walk-through: You’d be surprised to find that buyers skip this step! Schedule a final walkthrough to ensure that all requested repairs have been made and everything is in working order.

 5. Take action based on walk-through: If any issues are identified, you may need to delay closing or negotiate a discount before the closing date to avoid delays.

When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.

Monday, October 1, 2018

Top Tips For Househunting Online

Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.


  1. Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
  2. Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
  3. See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.


When buying or selling a home in the Denver metro area, contact Delilah,
 and let me put my knowledge, experience, expertise, and professionalism to work for you.