Tips For Selling You Home In A Seller's Market

When there are more people looking for homes than the number of homes available for sale, you have a hot market or a seller's market. Putting your house on the market in the Denver metro area can result in multiple offers especially if you are priced under 350K and/or in a desirable location. You may also get above asking price but before you start humming the classic O'Jays' song; Money, Money, Money, Monnnn....nay....MONNAY, be sure to keep these tips in mind.

Resist The Urge To Overprice Your Home
Most buyers will have their agent do a comparative market analysis before submitting an offer. If your property is overpriced, that can be a deterrent for potential showings and offers.  Second, your home has to appraise for the list price. That might not be a problem for cash buyers but can be for buyers who are financing the home purchase and can not cover the difference between the appraised and selling price.

Be Prepared To Act & Move Quickly: Hot markets can produce cash offers & multiple offers. Sellers should be available to review offers within 24 hours of receiving them. Accepting a cash offer can reduce closing time dramatically. Have a seller's contingency plan in place or be ready to move before closing which could be as soon as two weeks.

Beware of the "Perfect Offer"
To get your house under contract, a buyer may make claims/promises they cannot keep. As your agent, I will do my due diligence to ensure the solidity of the buyer's offer.

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. 

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Tips For Selling You Home In A Seller's Market

3 Reasons Stopping You From Owning A Home In 2018

2018 is the year you want to become a homeowner but below are some popular reasons you are still renting: 

• Low Credit Score

You can buy a home with a credit score of 500, however, you will need 20% down payment. Speak with a mortgage consultant who can help you raise your credit score FREE of charge.  The higher your credit score, the better loan programs, and in some cases, lower down payment cost.  So contact me, if you need a mortgage consultant referral, your credit score could be on its way up in as little as a few weeks or a couple of months depending upon your situation.  

• Waiting for the Market to Settle

I can't tell you how many times that I have heard this response.  The reality is that Colorado has a thriving economy, with low unemployment rate. Companies are moving here and people are moving here for the jobs, the quality of life, and as a result, the demand for housing is greater than the supply.  In December of 2015, the median home sales for Colorado was $310k, in December 2017, it was $371k.  If you purchased a home just 3 years ago, you will have acquired approximately 60k in equity.

• Locked in the Leasing Cycle

Planning and preparation are all it takes to break the leasing cycle, but sometimes people underestimate this process and start looking too late.  If your lease ends in May, you will need to notify your landlord by March, which means that you need to start the home buying process approximately six weeks before you plan to give notice or in this scenario, late Jan, early Feb. If you find your perfect home in March, a 30-day closing takes you into April, and your first mortgage payment is due in May.  Another option is to rent month to month for 1-3 months until you find a new home. Rent will be higher but it is better than signing another 12-18 month lease if your desire is to be a homeowner.

If 2018 is your year to start earning some equity, give me a jingle.  

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. 

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3 Reasons Stopping You From Owning A Home In 2018

Anti Burglar Tips for Sellers

A House with the For Sale sign can be targets for criminals and squatters. Use the tips below to protect your property while its on the market.

Realtor.com suggests that you mark your valuables and record details. Use invisible-ink pens or engravers to mark identifying information (driver’s license or state ID numbers) on items. Log serial numbers and take photos of your belongings. Check to see if your police department participates in the Operation Identification program. They will have stickers for you to place on doors or windows warning would-be thieves that your items are marked. These steps may prevent them from pawning or selling stolen items and can help you reclaim recovered belongings.

If the home is empty, inform your neighbor the house is going on the market and to report anyone other than your real estate agent showing up to view the home after hours.

Make it look like you are home regularly, especially if the property is empty. Invest in lightening apps that can be controlled by your phone, or lamps that pop on at sunset.

A well manicured lawn usually means that the home is occupied but overflowing newspapers, and packages that accumulate by the front door is usually a tell tell sign that the home is empty.

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. 

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Anti Burglar Tips for Sellers

Questions To Ask Your Home Inspector

When you buy a Denver home, you need to know exactly what you're buying. Imagine how frustrated you'd be to find out that the hot water heater wasn't working-in the middle of a shower! This is why you should have a home inspection before you buy your home. A home inspection is an important part of buying your home. Before you hire a home inspector, ask candidates a few questions to make sure you hire a trustworthy inspector.

1. What does your inspection cover? Not all inspections are the same. Ask for copies of previous home inspections so you can see exactly what they will check inside the home. If you are concerned about something specific, like a leaky faucet in the bathroom, mention that to the inspector so they can check it out.
2. Are you licensed or certified? If you live in a state that licenses home inspectors, ask to see their license. At the very least, choose a home inspector who belongs to American Society of Home Inspectors. This shows a level of professionalism and education that you can trust.
3. What kind of report will you give me? You should expect a written report detailing what the inspector found. Most inspectors will give you a typed report within a week of the inspection. Make sure the inspector will be available to explain anything on the report that doesn't make sense to you.
4. Will I be able to attend the inspection? If the inspector refuses to let you be present during the home inspection, find someone else. This is your chance to know exactly what you are buying and what potential repairs you or the seller will have to make.

As your real estate agent, I will guide you through the home buying process. Let me help you find your new  Denver home. Call me today at 720-3416-4436.

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Questions To Ask Your Home Inspector