Archives for posts with tag: PorchLight Real Estate

The Real Estate Market has long been one of the most stable markets in U.S. history—until recently, that is. It was always the American Dream to get an education, have a great job and buy your own home. Since the crash of 2006, however, homeownership has proved to be less ideal, as many homes plummeted in value. Experiencing such a hit would make anyone worried about buying, yet analysts agree: the time to buy is now.

Mortgage Rates Mortgage rates fell to a low of 4.55% this summer, which is near 50-year lows. With interest rates dropping and home values at a low, it makes sense to buy now. Since the interest portion of your mortgage can be the most overwhelming, a low of 5% or below is incredible, especially compared to 15% in the 1980s.

Home Values According to Moody’s Analytics home prices to income ratio is one of the lowest in 15 years and with 15 million vacant homes in the U.S. last year, the market has become competitive for sellers and ideal for buyers. Another prediction for homes is that the distressed market will begin to fall by the year 2013, which will allow homes for sale in Denver Co to move up in value.

Employment Our unemployment problem has affected nearly every market in the U.S., especially the housing market. As people lost their jobs and became unemployed or underemployed, the market became flooded with foreclosures and short sales. Generally banks want to sell these homes quick and are willing to negotiate. On top of homeowners losing their homes, we have the would-be homeowners that can’t afford to move out of their parents’ houses or graduate from college (many for fear of paying back school loans without having a decent job). Luckily, as the recession wears on, many people have learned to adapt and are now able to own again.

Rebounding Economy The economy will rebound again, and is showing signs already. When the economy does bounce back, many people will have saved enough to start a home and family again and there will be a pent-up demand for housing. While the economy has taken a dive, many investors have also flooded the market, buying up secondary or “income” properties, knowing that many hard-working people would have to resort to renting for a few years. With investors taking over the market, and new homeowners ready to find their perfect home, the market will turn around very quickly in 2013. That means the low interest rates and home values will be a thing of the past.

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 www.porchlightgroup.com.

It’s time to start winterizing! That’s right winter brings great fun for skiers, snowboarders and children, but for homeowners, carpoolers and commuters it can mean it’s time to get cautious. For homeowners, this comes in the form of winterizing your house. The following tips can help you save on your home become more efficient, save you on heating costs, and possibly prevent some serious damage to your home.

Check your Ductwork You don’t need to be a professional to take a look at your duct at your duct work and know something’s not right. If your ductwork isn’t properly insulated or well-connected you can lose up to 60% of the heated air before it reaches your home. That’s a lot of money wasted. Check for any gaps in connection, pinched pipes, or poorly insulated pieces of ductwork and you can save yourself hundreds on your heating bill alone.

Clean out your Ductwork Did you know that even if your ductwork is properly insulated and connected that you can still have problems? That’s right, you should be vacuuming out your ductwork every few years. Keeping your ductwork clean not only helps your hair flow more freely, but it also keeps out the dust, hair and skin particles that have built up over the years.

Check your Insulation This is especially important for new homeowners, but checking your insulation can make a huge difference in your heating bill this Winter. You should have a minimum of 12 inches of insulation in your attic to create a thick barrier between the melting snow on your roof and the ceiling of your home. While insulation can be expensive, it can pay off within a couple of years in heating and cooling bills alone.

Remember your Windows Winterizing your home should definitely mean checking your windows. While it’s best to have double-paned windows to save on your energy bill, there are a couple tricks to help out with any set of windows. Caulking is a very helpful trick for winterizing your windows. Make sure you caulk around every window if you feel even a small draft, this will help seal out the cold. Another inexpensive trick is a window insulator kit, which essentially shrink wraps your window, adding extra insulation.

Clean your gutters Autumn brings beautiful, bright leaves, but once they fall, they can clog your gutters. Clean out the leaves and make sure water can flow freely through the gutters by using a hose to test them out. If you leave your gutters full, you’re risking a backup of melting snow and ice, which can end up leaking through your roof.

Continue reading Winterizing your Home: Part II at our Aurora Real Estate blog at PorchLight Real Estate.

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 www.porchlightgroup.com.

Selling a house can be difficult in this market—buyers have the pick of cheap houses, foreclosures and short sales. So how can you compete? One word: staging. If your Listing Agent hasn’t mentioned a word about staging then you either live in a model home, or they don’t understand the power of a properly staged home.

Why is staging so important if all of your stuff is going with you anyway? A showing is like an interview, you want to
make the best first impression possible. Does that mean you always iron your socks and have your nails each day before work? Not necessarily. It shows that you care about your appearance and that you know how to make an impression. The same holds true for selling your house.

A house is likely one of the biggest purchases you’ll make in your life—and while a buyer promises to pay for it for 30 years, it’s much more than just an investment to them. It’s their home. People like to picture themselves in your home, to envision where they’ll put the television and how their bed will fit in a room. They want to see themselves there.

If your home is dark or messy, you can pretty much forget about selling it. There’s no arguing the fact. I understand that when you move, you will take your messy life with you, but a buyer doesn’t see it that way. When a buyer walks into a messy home, they’re usually looking for a severe reduction in pricing.

They know you won’t be able to sell it at the same price as your neighbors with the clean, staged home. To them, when your house is messy, it shows a lack of maintenance. If you can’t clean your own dishes and do your laundry then have you really kept up with the more important parts of your life? Like servicing your air conditioner or having your roof checked?

Cleaning and staging your home shows that you care about your house and the people buying it. You’re showing them that you can detach yourself from the home and sell it respectfully to the next owner. Depersonalizing your home is like turning it into a blank canvas for potential buyers. You’re giving them what they want—their own home, not someone else’s. Never eliminate the emotional aspect of home buying. Baker real estate agents understand that staging sells houses.

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 www.porchlightgroup.com.

Just because the holidays consume our lives for a month, doesn’t mean the world stops turning. It’s true that some people hold off on house hunting through the holidays because they have more important things on their mind. For many out of state and motivated buyers the holidays are a perfect time to house hunt, since they have some time off from work. For sellers, it’s the perfect time to show your house in all its glory; clean, decorated and smelling like the comfort of the holidays. Since home buying is usually a very emotional decision, the holidays can be a great time to sell your house, just follow these do’s and don’ts and you might be ringing in the New Year with a sale!

Don’t Take a Break – Believe it or not, some homebuyers will take their house off the market during the holiday season. It may be for a number of reasons, if they plan on being out of town for an extended period, if they plan on having family over, or they may just assume that no one is looking near the holidays.

Do Decorate – As we mentioned earlier, home buying is a very emotional process. Buyers want to feel comfortable and happy in their new home. Making your home feel welcoming and spirited can help sell your house. With selling any home, you will want to depersonalize your décor. Kids’ artwork and large family portraits can stay in storage, but a Christmas tree, stockings and cookies can leave a great impression on your potential buyer.

Don’t Reveal Clutter – The holidays can be chaotic; there are meals to cook, gifts to wrap and cookies to bake. De-cluttering your home is extremely important in selling your house. Clean out your closets and personal items as much as possible. If you need to store them in your garage, box them up nicely to keep them out of sight. Once the closets are clear, you will have room to store the items that you actually use (like shampoo, razors, and hand towels) on days of showings.

Do Opt for a Lockbox – Your Denver real estate agents should offer you the option to have a lockbox on your front door. A lockbox allows access to other Real Estate Agents for showing your property. While it may be stressful to have a stranger in your home when you’re away, Real Estate Agents follow a strict code of ethics to make sure your home is left in the same condition and that the lockbox number does not become public knowledge.

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 www.porchlightgroup.com.

So it’s time to buy or sell a home. For many people, the feelings of anxiety can take over. Buying or selling your home is one of the biggest decisions you might make in their life. Choosing the right agent can make a world of difference, so where do you begin?

Finding a Buyer’s Agent

You’ll want to look for different qualities in a Buyer’s Agent versus a Listing Agent, and some Real Estate brokerages actually have Agents who specialize in one or the other. When you’re looking to buy a home, you’ll be spending a lot of time with your Agent. They may drive you around the city on weekends or meet up with you at each home, but either way, you’ll see them quite a bit.

Your comfort should be most important in buying a home. A house is one of the biggest purchases you will make, and you should feel completely satisfied with your decision. Find an Agent who wants to know about your ideal home. They should ask questions about what kind of neighborhood, appliances and flooring you prefer. Sometimes you won’t know exactly what you want until you see a couple houses. You’re always entitled to change your mind, just keep the lines of communication open with your Agent.

Call different brokerages, ask friends for a referral, and meet with multiple Agents. Ask them to meet you for lunch and explain what you’re looking for, choose the Agent who seems to be in touch with what you want.

Finding a Listing Agent

Finding a Berkley Real Estate Listing Agent can require a whole different approach, since you won’t be spending as much time with them, and their skill set will be different. Always keep in mind, they are your Agent, and they work for you.

A Listing Agent will want to sign a List Agreement with you, that gives them anywhere from 6 months to a year to sell your property. They work off of the commission from the sale of your house and they spend their own money to market your home, so make sure to meet with a couple different Agents before deciding.

Ask them to have a marketing plan ready for your consideration, ask them if they plan on hosting an Open House and what kind of technology they will be using. Make sure you agree on a fair market value for the price of your home, this can be a point of contention between many Agents and Sellers. While many Sellers can be unrealistic about the housing market and how far it’s dropped, ask your Agent to provide comps (comparable sold properties) to justify the list price.

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 Berkeley CO or specific neighborhood homes please visit www.porchlightgroup.com.