Micro Units- A New Trend In Urban Living A new, or at least revived, trend in Urban Housing is making its way to the Mile High City. Micro units, already popular in dense cities in Europe and Asia, are catching on in the United States in high density and expensive cities such as New York and Seattle. In fact, Seattle may have, by some Continue Reading
Archives for September 2017
Buyer Rebates
When you purchase a home, and you work with a real estate agent, you DO NOT pay your real estate agent directly. His or her commission is offered by the listing broker to the buyer's agent, called a coop fee, and paid for at closing by the seller. For the longest time, probably since the inception of the real estate industry, when real estate agents and developers came to be, Continue Reading
Leverage and Real Estate
Leverage is a very powerful concept and tool in Real Estate, and makes Real property one of the best, if not best, places to invest your money. The concept of leverage is relatively simple: You use other peoples' money to control an asset that appreciates in value. You bring some equity to the purchase (20% is the magic number) and then the bank brings the remaining 80%. Continue Reading
Struggling for that Down Payment?
Millennials are not buying homes at anywhere near the rate of previous generations, at the same point in their lives (i.e. Millennials in their 20's vs Boomers in their 20's, or even Gen X in their 20's for instance). Some of this might be changing preferences. Renting is easy and it gives you total flexibility. Move to a different neighborhood or city every year if you Continue Reading
Bubble, Correction, Plateau?
There's no doubt about it: The Denver Real Estate Market has been very frothy the past few years. It started to pick up lots of steam in 2013 or so, and has been full steam ahead now for upwards of 3-4 years, as in 10% a year appreciation. The cause: Well, Low Interest Rates, Cheap Money, Fed policy has had a lot to do with stimulating the economy, and Colorado is very Continue Reading
Understanding Mortgage Estimates
The first step in buying a home is contacting a mortgage professional, who will ask you to fill out a mortgage application. This is the initial step and all that is required for a pre-qualification. For instance, you will provide information about your job, your other debt obligations like automobiles and student loans, and the lender will pull a hard credit check. From there Continue Reading
