RE/MAX Professionals - The Colorado House Finders Team

Posted by Damon L. Chavez on Friday, June 23rd, 2017 at 8:56am.

Market Metrics: By the numbers, the inventory of available homes for sale is 5,247 homes at May month end, 6,653 homes came onto the market, 5,439 homes went under contract, and 5,300 homes closed at a median sold price of $380,000 and an average sold price of $435,666 resulting in a closed dollar volume of $2.31 Billion.  Monthly Market Recap: Single Family:                                                           Condo:           Active Inventory is 3,989                                          Active Inventory is 1,258       Sold Homes is 3,797                                                   Sold Homes is 1,503               Average Price is $484,003                                         Average Price is $313,554 Median Price…
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Posted by Damon L. Chavez on Tuesday, June 20th, 2017 at 9:57am.

June 5, 2017 / Zillow Porchlight, by Brendon Desimone    Your parents' rite of passage may not make sense for you. When the Baby Boomer generation was venturing into adulthood, it was common to buy a “starter home” — a modest, small dwelling. As their families grew and careers advanced, they moved into bigger or better homes. Now, many people struggle to come up with the down payment for a first home. They may wonder if it’s smarter to wait and save more money so they can buy a home that makes more long-term sense, or go the other route, buying a starter home and planning to stay in it for more years. It’s a personal, practical and financial decision, but here are some pros and cons of buying a starter home.

Pro: Build stability quicker

Lots…
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Posted by Damon L. Chavez on Friday, June 16th, 2017 at 10:11am.

June 12, 2017 / Homes.com, By Alex Thatcher   Proper Open House Etiquette Sets a Good First Impression     The summer real estate market is about to heat up and with plenty of competition expected among buyers, it is more important than ever to make a good first impression when attending an open house for a home you’re interested in buying. After all, the broker will notice how you present yourself and act when touring the home; that information could possibly be passed along to the seller when the bids start coming in. If you have an upcoming open house you’re planning on attending, here are the do’s and don’ts of open house etiquette.

Dress Appropriately

When you are visiting an open house, you should dress appropriately. You don’t want to…
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Posted by Damon L. Chavez on Tuesday, June 13th, 2017 at 10:52am.

June 13, 2017 / Denver Post - Real Estate, by Aldo Svaldi    Metro Denver homebuyers have long struggled with slim pickings, but inventory shortages are becoming a growing concern across the state. Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of Realtors. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale. Shortages remain acute in metro Denver. There were 6,223 single-family homes available for sale last month, down 37.5 percent from already depressed levels of a year earlier. The active inventory of…
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Posted by Damon L. Chavez on Friday, June 9th, 2017 at 8:24am.

June 8, 2017 / Realtor.com, by Daniel Bortz    If your home is struggling to catch the eye of a buyer, it could be for an entirely valid reason. Maybe you're stuck in a sluggish market or have the poshest place on the block (always a tough sell). But there's another possibility, too—your home could be sitting on the market because of a rookie selling mistake. All of us can make 'em, even those of us who actually have a few home sales under our belts. The good news? These basic slip-ups can be easily corrected or avoided. To help you out, we spoke to real estate agents to identify some of the most common mistakes people make in trying to sell their home. Sidestep these flubs to avoid sabotaging your own sale.

Rookie mistake No. 1: Overpricing your

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Posted by Damon L. Chavez on Tuesday, June 6th, 2017 at 2:04pm.

June 1, 2017 / Trulia, Money Matters   Choosing the right mortgage is daunting, so we’ve demystified common scenarios to help you find the right loan.   Tired of paying rent and ready to become a homeowner? Good news! According to Trulia’s recent rent vs buy report, buying a home remains a cheaper option than renting, thanks to relatively low interest mortgage rates and fast-rising rents. And, even better news, you’ve taken a step in the right direction when it comes to saving money — buying can be nearly 40% cheaper than renting. But before you start picking out curtains and furniture for that new home, there are some financing decisions that need to be made. Determining what type of mortgage is best for you and your family may seem intimidating, but…
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Posted by Damon L. Chavez on Thursday, June 1st, 2017 at 9:20am.

Market Metrics: By the numbers, the inventory of available homes for sale is 792 homes at April month end, 276 homes came onto the market, 171 homes were placed under contract, and 131 homes closed for $1 Million or greater with an average sold price of $1,506,260 resulting in a closed dollar volume of $197.3 Million. Monthly Market Recap:                                                                          Single Family                          Condo Active Inventory at month end                    717                                           75 New Listings                                                     253                                           23 Under Contract                                                …
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Posted by Damon L. Chavez on Wednesday, May 31st, 2017 at 8:48am.

Market Metrics: By the numbers, the inventory of available homes for sale is 599 homes at month end, 342 homes came onto the market, 240 homes were placed under contract, and 183 homes closed between $750,000 and $999,999 with an average sold price of $845,087 resulting in a closed dollar volume of $154.7 Million. Monthly Market Recap:                                                                          Single Family                          Condo Active Listings at Month End                       503                                           96 New Listings                                                     292                                           50 Under Contract                                                …
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Posted by Damon L. Chavez on Tuesday, May 30th, 2017 at 10:19am.

Market Metrics: By the numbers, the inventory of available homes for sale is 1,413 at month end, 1,161 homes came onto the market, 886 homes were placed under contract, and 792 homes closed between $500,000 and $749,999 with an average sold price of $589,208 resulting in a closed dollar volume of $466.7 Million. Monthly Market Recap:                                                                           Single Family                          Condo Active Listings at Month End                        1,146                                        267 New Listings                                                     1,001                                        160 Under Contract                                                …
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Posted by Damon L. Chavez on Monday, May 29th, 2017 at 11:21am.

Market Metrics: By the numbers, the inventory of available homes for sale is 4,813 homes at April month end, 6,097 homes came onto the market, 5,146 homes went under contract, and 4,460 homes closed at a median sold price of $379,950 and an average sold price of $432,241 resulting in a closed dollar volume of $1.9 Billion.  Monthly Market Recap: Single Family:                                                           Condo:           Active Inventory is 3,638                                         Active Inventory is 1,175       Sold Homes is 3,137                                                  Sold Homes is 1,323               Average Price is $481,398                                        Average Price is $315,684 Median Price…
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