Archives for posts with tag: baker real estate

More than likely, you’ve been hearing a great deal about mortgages and other real estate financing issues in the news lately. For someone who is not familiar with this type of financing, it can be difficult to understand. Here are some basic tips to know about obtaining funding for Cherry Creek homes for sale.

Your agent can help

While your agent doesn’t have any authority when it comes to approving you for a loan, they can certainly help with the process and will likely know a great deal about it. Agents know a sale isn’t really closed until every little issue has been resolved, and financing is a big issue. Your real estate agent’s expertise may not specialize in obtaining financing, but they have surely navigated the process successfully several times before. Your agent can give you advice concerning all of your options and by suggesting some lenders to work with that they have had good experiences with in the past.

You don’t have to go to a bank

While banks are certainly the most common lending method, there are several options available to homeowners. You could do seller financing, meaning the lender is the actual previous owner of the house, which is a service that the seller would have to be totally on board with—this is something often done if the seller is having a hard time selling the home and offers seller financing as a motivator. The advantage here is that by bypassing the bank, you are going to have a faster and cheaper process.

You can take out a loan against a life insurance policy. This can actually be relatively easy due to the lack of application process. An idea growing in popularity lately has been rent-to-own, where the future owners actually get a trial period of the house while getting a temporary place to live. And don’t forget the cash option. It’s not something you would be able to do on shorter notice, but it’s a good idea to tuck away for the future.

You money may be held by a third party

If you have an agreement with a seller to buy their home, you won’t exactly send the money straight to them. Payments are often held in escrow, meaning a third party holds the funds until certain agreed upon conditions were met. If the conditions aren’t met, then the other party may be able to back out of the sale without consequences.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit


The competitive nature of the real estate market brings a whole new meaning to “keeping up with the Jonses.” When a prospective buyer enters search terms for specific criteria and location, whatever homes listed on the results page will be in competition with each other. Along with your home, the buyer is likely going to be looking at some of these other houses that fit your criteria. This means that you’ve got to stay competitive by both keeping up and standing apart. Some ways you can keep your home competitive when selling Baker real estate:

Keep up with your web presence

The number one way that buyers connect to sellers now is through the internet. With so many options for what kind of home you want, the internet makes it easy to filter out what you don’t want to look at. Because so many buyers primarily look for listings on the internet, it is essential to have an established web presence. Your agent should be working to market your listing on a variety of types of sites. And if your house was promoted on these sites when you first put your home up for sale, but haven’t been posted anywhere recently, you should market to some new sites and reach a different range of people.


Pricing competitively is a no brainer, especially if you’ve become attached to the house and you have other houses around to keep up with. Many potential buyers know the asking and selling prices of comparable homes in the area, and they will know when a price is out of the correct range. If they have the choice of pursuing a home that is priced competitively and a home that leaves a lot of room for negotiation, they will more likely think the more reasonably priced but comparable home is a better use of their time.


A major reason that a homeowner will pick one home over another is because one is updated while the other needs some work. Even if an outdated area includes a budget for an upgrade, many sellers may be deterred by the idea that your house requires more work than another house. Even small updates or redecorations can make a difference, but most buyers will not be interested in too much of an overhaul unless they actually want to renovate everything to fit their own tastes. Have fresh eyes look through your house for any sore spots and work to give a better impression.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

If you have reached an unofficial agreement or even signed some paperwork beginning the transaction to own a house, you should know that oftentimes what even looks like a sure sale can fall apart. Getting attached to a home only for there to be a problem or technicality in your way can lead to disappointment when your dream home falls out of your grasp. To make everything smoothly, perhaps consider a real estate agent to help guide you through putting up Denver Colorado homes for sale. During the transaction process, be on guard for the common ways that transactions fall through.


A contingency is a condition set into a transaction agreement that must be met before transfer of ownership becomes official. If the buyer or seller has a concern about something getting accomplished before the contract becomes official, then they can work this into the contract just in case. These are promises made by the two parties that protect them in case they need to fall out of the sale if the conditions cannot be performed. A contingency may have to do with passing inspection, or perhaps the buyer wants to include a clause that the sale of the house is not final until they sell their previous home. A contingency that most contracts have is that the buyer must obtain secure financing to purchase the home.


If you are seriously considering a home, there are things about the home that the owner is required to disclose. A disclosure is a required action by the seller to inform the buyer of anything they may need to know after taking over ownership. This could be anything that could affect the future ownership and value of the home. The exact rules may vary from state to state, but this could be something like leaving out that construction project that you know will be starting up later this year, making a lot of noise and covering up a great view. It could be a leaky roof or a termite inspection. A seller can face penalties such as lawsuits if they fail to disclose of a home issue.


An underwriter is a member of the lender’s team that will evaluate the risk involved with lending the hopeful buyer money. The underwriter will take a look at the actual value of the home in case it must be used as collateral and other financial information necessary to evaluate risk.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

Once you’ve found your dream house, the real estate quest does not end there. You’ve still got to figure out if you can finance the purchase, and exactly how much this purchase will be. And even then, the buyer may not accept your bid. Losing a bid on a house can be heartbreaking for a prospective buyer that has put a lot of heart and effort into looking for the perfect home. There are some strategies that you can use to help the buyer decide to accept your bid.

Make a good impression

Some homeowners will feel very attached to their house and all the precious memories it holds. Consider this whenever you meet the buyers. Think of it as a job application. When the owner looks for an ideal buyer, it may be important to them that it is taken over by someone they like. If they don’t personally like you, and can afford to wait longer to sell the house, then they may reject even a fair bid.

Communicate effectively

Negotiating the terms of selling a house can take so much back and forth that having effective communication is essential. Not only can your buyers grow frustrating with trying to communicate with you, but this can drag out a potential home sale, and another buyer could swoop in before you can get your messages across.

One way to ensure you’re communicating properly is to have Denver real estate agents at your disposal. An agent will know all the right steps in the bidding process and can even help with the aftermath of financing and contingencies.

Make a fair bid

One of the simplest ways to get your bid accepted is to offer up a fair one. With competition between buyers heating up, if you offer a price that is well below the listing price, the buyer may be right in thinking that they wouldn’t have to wait too long for a better offer. Also, bidding a price that is unreasonably low could offend them or make them think you’re wasting your time, causing them to refuse to entertain any other offers from you. If you think their asking price is unreasonably high or you could afford the house if it were a bit less, then you are probably right to offer a bid lower than the asking price. One way to figure out a fair bid is to look at comparable homes in the area and what prices they sold for. Keep in mind individual cases may have had special circumstances, like upgrades or other issues, but it’s a good general reference point.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

Along the road of selling your home, you will probably have many different interested buyers. However, it doesn’t take much to lose this interest, especially considering how big of a decision buying a home is. If you selling Aurora real estate, consider these common missteps or turnoffs that can cause a potential buyer to lose interest.

You’re not friendly

Although in initial stages, contact may be brief, you will most likely get to meet prospective buyers once the transaction gets into the more serious stages. Any seller should keep in mind that even though the principle interest is in the house, the way you act can turn off prospective buyers from a sale. Try to be polite and not overbearing, and although it’s understandable that you’re attached to your home, try not to be territorial. Let them get a chance to have a thorough showing without your presence so that they can take a look without being distracted. If you’re annoyed by a showing’s timing and can’t leave your home, try to hide your annoyance.

They saw the neighboring properties

If the buyers liked what they saw on your online listing, this is a good sign. However, they haven’t seen the neighborhood yet. The buyer will be taking note of your surrounding area, neighborhood, and the properties right next to yours. Even if they love your property, if they don’t like the scenery they’ll have to look at every day, this can be a deal breaker. Many buyers can dislike surrounding properties so much that they may turn around and cancel the showing.

The home isn’t as impressive in person

It’s a great strategy to have high-quality photographs of your home, and to decorate strategically to make your home photogenic. In the photos, it is easy to hide or downplay a weak spot you have in the home, or you have excluded areas that need the most updating. But remember that even the best pictures and decorating don’t guarantee as that the buyer will like what they see in person. Perhaps it isn’t exactly what they imagined become disinterested. Or, the features that were purposely excluded from photos were deal breakers.

You don’t respond well to feedback

If your prospective buyers give polite feedback after a showing, take up the chance for some constructive criticism and don’t take it personally. Even if they have some negative things to say, they could still be interested with the intention of making some updates to suit their needs. This is why you should take criticism gracefully, and don’t assume you’ve lost a sale just because the buyer doesn’t like a few things.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

One of the most difficult aspects of selling a home is negotiating the price you want. While many may see this as a game of strategy between the two parties, the truth is, the process of getting your ideal price for your home starts well before these negotiations. Keep reading to find out how you should be working towards getting your price before you even put your home on the market.

Take a look at the condition of the market

When you set your asking price, you’re not just looking at the value of your home. You’ve got to look at the state of the market. This could be anything from making a physical survey of the quality of the area to looking at statistics of the market’s health. For example, in the last few months, Denver’s home prices have reached record-breaking highs. This means you could list your home at a reasonably higher than usual price.

Do your research

Before you establish an asking price, you should be looking at comparable homes for sale around you, or at those that have been sold. It could even help to pay a visit to these homes at open houses. Consider what the asking prices were of comparable prices that have taken a while to sell and the asking prices of homes that sold quickly. This will give you a good idea of what price the buyers will be enthusiastic about, and what price may have them hesitating to take the process any further.

Don’t aim too much higher than what you really want

A common strategy for home sellers is to have a high asking price in order to leave room for negotiating. However, there are two reasons why setting the price too high could be a bad idea, and one is specific to Denver. A high asking price can scare off a buyer from considering a home further, as they may have many other more fairly priced homes that seem like less work to bid on. Buyers may see an outlandish asking price as a sign that they may not want to do business with that buyer. They may also look at the asking price on a listing and assume the house is too big or otherwise not what they’re looking for without looking into its other features. Basically, potential buyers don’t like to have their time wasted.

The other reason why this is a bad idea is that in Denver, the demand for homes is very high. So high that you may not even need to worry about getting the price you really want. Many Denver sellers are reporting they were able to sell their home quickly and without any price negotiations at all. If your price is fair, listing your house for exactly how much you want can come across to the buyers as no-nonsense, and could motivate them to want to make an agreement before more competition come around. If you have an interested buyer that will not go as high as your asking price, it likely won’t take long for another prospective buyer to come along with the way Baker real estate is selling.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

In order to understand how Denver came to be such a rich and vibrant city, it can help to take a look at the city’s long history. Many people living in Denver enjoy staying connected to the city’s past, as the city’s atmosphere preserved many of the ideals that the area was founded upon. Denver enjoys a unique identity partly due to this history.

The city of Denver began in 1858 as Montana City, a mining town on the South Platte River. Thanks to the Pikes Peak Gold Rush enjoyed by the Kansas Territory, gold prospectors settled in Montana City, then moving to the settlement of Auraria and St. Charles City. These first settlements would eventually become what we all know of as Denver.
A prospector claimed land on the river’s bluff along the point that the South Platte River and Cherry Creek meet by saving the spot with cottonwood logs. The prospector, General William Larimer, gave it the name Denver City, after the territory’s governor, James W. Denver. An early indicator of Denver’s great location and recreational elements, the spot was easy to reach with trails along the river.

Denver’s real estate business was booming from the beginning, as Larimer and friends strategized to sell Denver land to buyers that would get the settlement’s population and economy stirring, including merchants and miners. This exciting frontier town easily attracted emigrants. Wagon trails were developed, and then in 1870, a link to the trans-continental railroad (a project funded by citizens) opened up a wider range of opportunities besides mining, leading to a boom in prosperity. During this period of growth, Denver became known as a service and supply town, as many towns connected to railroads do. City leaders continued to try and grow the young city by appealing to industry management and workers. Denver became the second-largest city to the west of Omaha by 1890 and earned the nickname, “Queen City of the Plains” due to Denver being an industrial center for the surrounding agricultural areas.

So, why consider Denver’s history when looking at buying or putting up Denver real estate for sale?

The history makes it evident that, from the start, Denver’s founders designed the city with the goal of attracting residents and keeping them happy. These ideals have been maintained, and contributed to why Denver is such a great place to live today. The city provides access to all the recreational activities you associate with Colorado along with nightlife, arts culture, indoor recreation, Cherry Creek homes for sale and much more. The city that started out appealing to movers and shakers has developed into a city that strives to have something for everyone.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

If you are buying and selling a house, it can be difficult to understand all the real estate terminology you would come across in the process. Too keep yourself in the loop with Aurora real estate, you either need to have a helpful agent or time to hit the real estate books. Check out some common real estate terminology so that you don’t get left behind:

Escrow—a party outside of the buyer and seller that holds onto funds until notified that the transaction can officially take place. This may be used when there are conditions that must be met before the transaction, but the other party needs the reassurance that the money is there.

Amortization—a method of loan payment where the borrower must follow a payment schedule. The initial period of this schedule will primarily focus on repaying the interest first.

Underwriting—this is when lenders will take a close look at the financial risk of lending to a buyer and determining the right characteristics for the loan. The lender will also look at appraising value of the house in regards to future collateral. The borrower will have to pay an underwriting fee for these services and for verifying data from the borrower’s application.

FHA—the Federal Housing Administration, which offers mortgage insurance from approved lenders. This is called an FHA insured loan.

Agency disclosure—during a real estate transaction, the requirement for agents to be upfront concerning who they are representing. Different states will have different laws determining at which point in the process this must be disclosed.

Upgrades—an option to improve a feature of the home. When looking at home features, if there is a weak spot that is not just a quick fix, then the seller will often offer an upgrade as part of the package.
Decorating allowance—similar to upgrades, a decorating allowance is an agreement that money will be offered by the seller for redecorating. This is often held in escrow, and is typically negotiated along with all the other terms of the purchase agreement.

Encroachment—this is a structure on a neighboring property, such as a fence, that extends over the boundary lines. This is a common concern for potential buyers, as the previous owners may have agreed to the encroachment (Letting tree branches extend over the fence because they thought it was pretty, for example.) didn’t notice, or did notice but didn’t say anything.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

When you’re getting ready to put your home up for sale, one of the first things you must consider is to update your home. Not every area may need an update, but there are likely some problem areas and eyesores that you should try and improve. This could be anything from fast updates to complex renovations, and it could be key to selling your home to the right buyers. Consider these common outdated home weak spots that could probably use a tune up:

The Kitchen

An outdated kitchen is one of the most common turnoffs to prospective buyers. Even if the buyers don’t cook much, a kitchen is a common source of pride when it comes to home owning. An outdated kitchen not only looks very unattractive, but can make even the most simple kitchen tasks a pain. At the very least, you should give your kitchen a thorough cleaning and make some simple updates, like replacing broken cabinet knobs or fixing that leaky sink. But if your kitchen is so outdated that you would need to renovate, make sure you don’t underestimate how much this can boost your asking price. You can very easily look at a kitchen update as an investment that you’ll see pay off with your increased home value.

The Bathroom

Like the kitchen, home owners like their kitchen to be sleek and shiny. Make sure you thoroughly clean all the tiles, the toilet, the sink, and any other common bathroom problem areas. It can be very easy to overlook sore spots like a run-down floor if you’ve been looking at it all these years. Don’t leave any dirt or grime behind, and like your kitchen, you may want to consider some more major updates like re-tiling or renovating your shower.

The Landscaping

If you’ve been laid back about your landscaping these last couple of years and haven’t kept things as trimmed as they should be, then you should look at updating this. A great looking outside can make quite the impression on prospective buyers, so perhaps hire a new landscaper or trim everything up to get it back to your last landscaping plan. If you do minimal work outdoors but maintain it well, consider augmenting what you have landscaped to make an even bigger impression.

The Exterior

Exteriors can get dull and have dirty buildup over the years. If you are selling Berkeley real estate, this can be fixed with a power wash and a repainting, which can make a big different.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit

You’ve finally found it—the home of your dreams. All you want to know is where to sign. Well, before you sign on the dotted line, there are some things to consider first. Here are some tips and warnings for those who fall in love with a home up for sale:

Don’t overlook the cons

If you think you’ve found your dream house, and you’re over the moon over its great features, you should take a step back and look closely at the whole package. Say you’ve been looking for the perfect covered patio for ages, and now you’ve finally found it on what seems like your dream house. In all the excitement, you may have overlooked other negative features, like that lack of an extra bathroom you thought you wanted. While the perfect house sometimes does not exist and it is reasonable to make compromises, you need to keep in mind what exactly your priorities are. You don’t want to get so blinded by all the features in the ‘pros’ column that you don’t even fill out the ‘cons’ section. Sure, you’ll be happy about that covered patio, but after moving in you may remember just how important that other bathroom was. That’s why it’s important to take a close look at your ‘dream house’ without the sparkle in your eye.

It may be too good to be true

Even after a buyer has settled on a home, it can be a while before the home actually becomes theirs with all the processing involved with transferring ownership. There is a lot that can happen between realizing you’re in love with a home and being able to officially call it your own. First of all, the seller could not accept your offer, or you may have to deal with competing offers. Or, you could hit a snag after the inspection reveals an issue. There could also be legal reasons tying up the sale. This is why, after you fall in love with a home, it is important to keep in mind that it is not a done deal to avoid heartbreak.

It may not be practical

When you’re deciding on your home features, it can be tempting to prioritize the things you want rather than the things you need. For example, your fantasy home may include a swimming pool with a waterslide and an outdoor kitchen. Before you even find this dream Baker real estate house, you should consider whether this is really going to be the right home for you.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit