Spruce Up Your Colorado Home's Front Yard with These Spring Landscaping Ideas

Spring is the season of renewal, growth, and beauty. After a long and cold winter, homeowners in Colorado are excited to revamp their outdoor living spaces and make their homes look more attractive. If you are a homeowner in Colorado, you might be wondering how you can improve your landscaping this spring. In this blog post, we'll explore some different types of spring landscaping that can benefit homeowners in Colorado.

XERISCAPING

Xeriscaping is a landscaping method that uses drought-tolerant plants and other design elements to conserve water. This is particularly beneficial for homeowners in Colorado, where water is a precious resource. Xeriscaping can help reduce water bills, save time and money on maintenance, and provide a beautiful and unique landscape.

NATIVE PLANTS

Incorporating native plants into your landscape is a great way to support the local ecosystem and reduce maintenance costs. Native plants are well adapted to the Colorado climate, and they require less water, fertilizer, and pesticides than non-native plants. They also provide habitat for local wildlife, such as butterflies and bees.

TREES AND SHRUBS

Planting trees and shrubs can provide a variety of benefits for homeowners. Trees can help reduce energy costs by providing shade and blocking wind, while also improving air quality and reducing noise pollution. Shrubs can provide privacy, create focal points, and enhance the aesthetic appeal of your landscape.

EDIBLE LANDSCAPING

Edible landscaping is a great way to combine beauty and functionality in your landscape. By planting fruits, vegetables, and herbs, you can enjoy fresh produce right from your own backyard. This can also help reduce your grocery bills and provide a fun and rewarding hobby.

OUTDOOR LIVING SPACES

Outdoor living spaces like patios, decks, and outdoor kitchens can provide a functional and enjoyable space for homeowners to relax and entertain guests. These features can also increase the value of your home and provide a great return on investment.

LOW-MAINTENANCE LANDSCAPING

Low-maintenance landscaping is a great option for homeowners who want to enjoy a beautiful landscape without spending too much time or money on maintenance. This can include incorporating gravel, mulch, or artificial turf instead of grass, using plants that require little water or pruning, and incorporating hardscaping elements like patios and pathways.

In conclusion, there are many different types of spring landscaping for the exterior homes in Colorado. By choosing native plants, drought-tolerant plants, perennials, trees, and edible plants, you can create a beautiful and sustainable yard that will thrive in Colorado’s unique climate. Happy landscaping!

The Ins and Outs of Buying a Home in Colorado

Buying a home can be a complex process, especially for first-time homebuyers. If you're looking to purchase a home in Colorado, it's important to understand the ins and outs of the purchasing process. Let’s take a look at the key steps involved in buying a home in Colorado, from determining your budget to closing the deal.

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Find the Right Agent

Buying a home can be overwhelming process. From financing to negotiating to closing., there are lot of moving pieces that can leave homebuyers bewildered. You want to make sure you have the right agent who will help guide you through each step of the buying process, offering sound advice along the way. by working with someone who knows the ins and outs of this real estate industry, as well as the market, you will not only end up with a great home, but you will also walk away with a great experience.

Get Pre-Approved

The first step in the homebuying process is to get yourself pre-approved with a lender. this will ensure you are ready to make an offer on a home when you find the right one! A Pre-Approval is a statement from a lender showing that they have reviewed your credit score and financials and pre-approving you to buy a home up to certain dollar point. A pre-approval let’s you know how much you can afford when it comes to buying a home, meaning you will not be shopping above your price range. It also gives the seller confidence that you are well qualified.

Find Your Home

Once you have your pre-approval in hand, the home search can begin. Make sure that you not only have your price range in mind but also your list of must haves and like to haves. No home is going to be absolutely perfect, so be sure of what you can and cannot compromise on.

Make An Offer

This may be one of the most daunting parts of real estate. Your real estate agent will help you review recent comparable sales in the neighborhood, as well look at other factors about the home like potential reapair concerns and will then help you structure an offer and negotiate a price and contract you are happy with.

Inspect & Appraise

Once you are under contract, you will begin working your way through the due diligence period and contingencies on the contract. During this time, you will want to order an inspection on the home to ensure there are no major issues, and your lender will most likely order an appraisal to ensure the value.

Finalize Negotiations & Loan Approval

Many times, after the inspection, issues will have been identified that result in negotiations. You may request the seller does repair work or ask for a credit in lieu of repair work. Try to only bring your biggest issues to the forefront. Sellers tend to be less agreeable when you come to them with a laundry list of items and usually pick the smallest ones.

Closing & Moving Day

The day has finally come for you to sign those papers and officially become a HOME OWNER! At least three days prior to closing, you should receive your final settlement disclosures. Your lender is required to provide you with the final loan terms and all the closing costs associated with your loan, as well as the final amount you will need to bring to the closing. The lender should review these numbers with you and help answer any questions or clarify any confusion you might have.

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The Year of Home Renovations

2020 was definitely the year of the home for more reasons than one. Yes, we were all in our homes much more than a normal year, but this time was also spent analyzing them and how much they fit your needs now! This spurred either love, hate or I need to change it ASAP to stay here. Some people sold and found a new home that fit their needs better while others cashed in on their equity to make their current home even better. The beauty of owning your home is being able to use your appreciation to fund these projects and add even more value to it!

The beauty of owning your home is being able to use your appreciation to fund these projects and add even more value to it!

Some of the biggest trends that were seen were:

* Updating/Completing the Basement: Not only does a finished basement add value to your home, it gives you that much more livable space. Light and neutral colors help to keep it brighter and provide the feeling of more space but good lighting is key as well!

* Revamp the Kitchen: Style trends tend to change quickly for kitchens, so they can end up looking more dated faster than other rooms in the house. Being that they are one of the central rooms in the house and the one with the most appliances, this renovation will have a great ROI, so definitely worth the investment. Updating appliances, cabinets and counters are always a good move, but even just a simple paint and lighting change can make a big difference.

Freshening Up the Bathroom: While kitchens probably need the most upkeep in the house, the bathroom comes in a close second and gets lots of updates as well. Small changes such as fresh caulk, a new light fixture or a fresh coat of paint are easy fixes and a nice change to make, but if your bathroom appliances are starting to show some wear and tear, it is worth the investment to update and not deal with leaks or water damage down the road.

Landscaping: Our outdoor space became a much more important piece of the home this past year and lots of landscaping projects occurred because of it! Stone fire pits, heat lamps, pools and patios were popular ways to elevate your space but lots of people also worked to include more flower beds and greener grass as well! Boosting your home’s outdoor appearance and curb appeal can really go a long way!

According to Houzz, those working on outdoor spaces saw the biggest increase in demand, with searches for pool and spa professionals three times what they were a year ago. Not far behind, landscape contractors, deck and patio professionals all saw more than double the demand. Kitchen and bath have always been popular remodeling choices, but they even saw a 40% jump in demand last year compared with a year ago. More people are cooking and eating at home, and kitchens are now even more the center of family life.

Home extensions and additions jumped 52%, and security and privacy also saw much greater demand with interest in fence installation and repairs up 166%.

These projects not only increase the value of your home, they will make it easier to sell when the time comes and the ability to make back more of your money on the sale. So, what projects did you complete in 2020 or are you hoping to do in 2021?

Below is a slideshow of some of the projects some of my clients did on their newly purchased home including updating the basement, new lighting and furniture and fences!

Home-Placency

Before…

It's so easy - and 'cheaper' - to decorate your home upon moving in and then do absolutely nothing forever afterward. As a real estate professional, we see this happen daily and all know this type of complacency is indeed very.....expensive!

After…

We see enough homes almost every single day to know the difference between a home that is being consistently maintained, refreshed, and updated compared to those that are neglected. A drippy faucet, a non-working outlet, a loose gutter, a rotting façade element are all things that have the capacity to annoy, but worse, they also may be the earliest triggers of larger, snowballing issues. Maintaining and repairing a home consistently is critically important to maintaining its value not only fiscally, but also from a quality-of-life perspective.

Equally important, is the need to adjust a home's aesthetics and functionality to evolving needs and times. This can be the tough one. And the costs to do so can be large. However, the impact a non-updated home has on re-sale (or re-financing) valuation can be significantly more than the cost of actually doing the work.

It is a great idea to speak to your trusted real estate advisor on what upgrades/modifications/repairs/etc might deliver both value to their quality of life AS WELL as re-sale value down the road. If you have zero intention of ever selling, it's dangerous for most people to spend big money on anything unless it creates value.

Winter's Coming - How to Get Outside and Make the Most of It!

Photo Credit: Christmas in Color

It seems like we may have put the 70 degree days behind us, with the exception of a random one here and there (part of why we love this state, right?) and with COVID-19 putting more social restrictions upon us, I know lots of people are trying to plan some activities and limit the long days inside. I wanted to compile a few ideas, with new information included, in one place for you to find.

1. Christmas in Color - Who doesn’t love the idea of a mile long drive-thru holiday light show display? There will be two locations this year, Water World and the Bandimere Speedway to go and view the 1.5 million lights that are synchronized to holiday music. Tickets are $30/vehicle and can be booked here.

2. Back Country Hut Trips - What better way to get out of the city and away from people than to cross-country ski or snowshoe out in Colorado’s high-country. You will get to experience the true essence of Colorado’s beauty, the perfect reward after all that hard work. Huts are being limited to 75% capacity this year, and single-party booking only. They range from $33-50/head per night and can hold between 8 to 20 people. Check out the reservations here.

3. Ski/Snowboard - Whether you have the Epic, the Ikon or something else, Colorado’s mountains will be a great way to get outside and have some fun this winter. Yes, things have changed a bit with limited capacity on the mountain and on the lifts, reservations needed and face coverings required, but it will all be worth it once you get out there. Don’t forget to reserve your spot, and to cancel it if you’re not going to make a reservation, so someone else can enjoy their time instead!

4. Dog Sled Rides - Not feeling up to using your own legs to see Colorado’s beautiful scenery? Take a dog sled ride instead! With options in Vail, Steamboat Springs, Telluride, Aspen and more, it’s a great way to spend an afternoon on a private, beautiful scenic trail with some friendly, happy dogs!

5. Holiday Markets: Check out the Cherry Creek Holiday Market in Fillmore Plaza (Nov 19th -Dec 23rd) and the Denver ChristKindl Market in Civic Center Park (Nov 20th - Dec 23rd) for a German holiday experience!

6. Blossoms of Light/ Trail of Lights - Denver and Chatfield Botanic Gardens both host wonderful lightshows that you can walk through and enjoy. Trail of Lights will even include a three-sided light tunnel this year! Make sure to reserve your tickets ahead of time for both locations.

7. Zoo Lights - Walk through a wild winter wonderland featuring over a million lights over 80 acres at the zoo! Reserve your tickets ahead of time!

How and When to See Colorado's Fall Colors

Believe it or not, September is just two weeks away and that means fall will be making it’s way to the mountains shortly. (Now, if we can just get rid of the mid 90’s temps, that would help too)

Timing is always the tough part when figuring out how to see those gorgeous Aspens showing off their yellows and golds, so I’ve shared a great chart of when and where to head for the best views!

So get planning that camping, hiking or drive now, so you can (hopefully) time it right this year.

The Denver Boom - Time to Jump In!

If you’re still debating on buying a house, it’s time to stop thinking and get started!! I know, I know, you want to buy when the market tanks though, right? Wait until it hits bottom, not when it’s hot? While that is a great idea in theory, here is why you shouldn’t wait. Mortgage rates are at all time low and will continue to stay in that area (ideally) at least through the election if not longer. These low rates give you more buying power and can get you into a larger home then when rates go back up again (which they inevitably will). Even a point lower can get you thousands more in a home price at the same mortgage amount per month. Plus with the low inventory and buyer needs in the Metro area, the prices and appreciation keeping going up. Our market is very solid and real estate is one of the best investments you can make right now and know you will profit (assuming you have a good realtor advising you that is…)!

Looking at these changes in the past decade is pretty incredible and truly shows you how much our market continues to improve and appreciate. Time to jump in, while you can, and start watching your equity grow!

New Restaurants Opening!

Let’s welcome some of the new kids to town! There have been quite a number of new restaurants and ideas that have popped up in the past few weeks that are worth checking out!

The 5th String will replace Old Major in LoHi, with wine taking center stage instead of meat. The owner, Amos Watts, was most recently the chef at Corrida and worked at Old Major until 2017. It will serve upscale American with a lower price point and a focus on eclectic small plates as well as big family dinners. They hope to open in August.

Oh Golly Dumplings - A dumpling Pop Up that has been hosting one event a month (and selling out within an hour) is hosting another pop-up at Run for the Roses’ temporary location in Free Market at 1801 Blake St., Denver on Saturday, August 1 beginning at 4 p.m. Their belle of the ball, the OG dumplings, comes with six to a bowl and are filled with wagyu beef, cabbage and carrot, and will definitely make an appearance at the Pop Up this weekend. The rest is up in the air but will be paired with drinks from Run for the Roses. Make sure to get there early!

Jabroni and Sons - A personal favorite of mine, has popped up in Bar Dough’s location during the lunch hour on Friday’s and can be found on the brunch menu at Bar Dough on the weekends. An amazing combo of Philly and Boston sandwiches can be found, including a very good cheese steak, the American Wit! They hope to increase their hours back to more days of the week again soon.

Toro Latin Kitchen opened up in Cherry Creek in the JW Marriott earlier this month featuring upscale Latin fare. They have a massive patio waiting for you to come and try their guacamole, smoked swordfish dip, and ceviche along with their kick butt cocktail list. They’re now open for lunch and dinner.

Jabroni and Son’s American Wit

The Three C's

There are three big elements that are missing in our business world these days:

CULTURE, CONNECTIVITY, CREATIVITY

Yes, we can still communicate through different channels our culture of kindness, empathy, honesty etc, but most of these things are best communicated by physically witnessing them enacted by our colleagues on a daily basis.

Yes, Zoom and other online video components, cell phones and email keep us connected, but we are missing those in person conversations and face-to-face interactions. Luckily we have the technology these days to make those options available though!

Yes, we have the ability to be highly creative and are doing so regardless, but brainstorming in person is definitely missed.

While all of the above is possible remotely, they are much more effectively nurtured and experienced in an office environment. Offices (the good ones) breed the Three C’s, and stimulate and encourage spontaneity, and brainstorming. It’s hard not to miss the camaraderie, laughs, conversations and facial expressions that are now hidden behind masks. Working from home can feel very isolating, lonely and sad at times for those extroverts, or maybe absolutely amazing for you introverts. Either way, it can be hard to find the separation between home and work some days and I think we will all appreciate what an office and colleagues can offer a little bit more once we return back to normal some day (hopefully soon!).

What else do you miss in your day-to-day work environment from the way things used to be? Or what do you like more now?

Response to Westword's article: Depreciation predicted of Denver's homes

Some of you may have seen the recent Westword article about a declining housing market in 2021. I thought it would be worth addressing as I'm sure this brings up concerns for current homeowners as well as those looking to buy.

This article is based on a study that CoreLogic released earlier this month and estimated Denver to lose 10% by Spring of 2021. It highlights data from May showing national appreciation up .7% month over month and 4.8% year over year… this is incredibly strong for May and especially a May inside a pandemic.

Based on the Westword article, and based on data from the only time Denver dropped by 10% - the relationship between supply and demand would have to be drastically different than it is now. As of now we have around 6,000 listings available in the 7 Metro Counties- to create a market in balance between buyers and sellers with a 6 month supply of inventory we would need nearly 50,000 listings on the market. When we saw our big decline in 2008 we had a 10 month supply of inventory going into it. We would have to create the same market conditions based on 2008 to see the same drop with the current demand in our market to create the 10 month supply we would need to have 80,000 active listings.

Couple of other helpful stats: Colorado has seen a net 2.6% population gain year to date… fueling buyer demand. Our unemployment is lower at 10.2% in May compared to the US at 13.3% (16.3% after adjustments). Our wage growth prior to COVID was #2 in the nation.

Based on of this information and the fact that the market is not slowing down at all, despite current yearly trends that it should by now, I feel confident that our market will remain strong overall, giving our buyers continued appreciation and a safe place to call home. Will that appreciation flatten? It could. But will they lose 10%? Outside of the move away from downtown condos… I can’t see that happening.

Thank you Megan Aller and Nicole Rueth for your input and help with the data!

Questions? Concerns? Please ask!

Missing Red Rocks this Summer?

There are still a few ways to visit and use the venue we all know and love.

Red Rocks has opened it’s doors back up in a much smaller and quieter way than past summers, but they are open (just not for concerts at the moment) none the less.

On June 30, they posted about their new and improved website and how they will be hosting ‘pandemic-friendly workout classes’. Almost all of the summer concerts have been cancelled so far, and those that haven’t been yet, will most likely be due to COVID-19 restrictions.

However, there are quite a few fitness options happening at the amazing venue if you’d like to try some out: Yoga on the Rocks, which will run Fridays through Sundays July 10 through August 30; the Quarantine 15 Fitness Challenge, set for 10 a.m. Saturdays with Fitness in the City; and SnowShape, a four-week winter fitness series running September through October, to help Coloradans prepare for the 2020-2021 ski season. Tickets for all of these are on sale July 1 at the Red Rocks website.

You can always experience Red Rocks on your own or with a small group of socially distanced friends as the park is now open for visitors. There are so many ways to create your own workout or yoga experience with all of the stairs, boxes and hills nearby, or just go to admire that beautiful view so many of us took for granted listening to amazing shows there each summer.

The Simple Facts about Real Estate Home Buyers

Thinking about buying a home? Already bought one?

As buying season is rapidly approaching, I thought it would be fun to share some interesting stats about home buyers :

* 63% of home buyers are above the age of 39 years old.

* 21% are above the age of 64 years old.

*Over 94% of all home buyers speak English as their primary language at home.

* Around 12% of buyers aged 29-53 years old were not born in the USA.

* At least 50% of home buyers 39 years and older have owned a home prior to buying a new home.

* The largest percentage of home buyers seeking a smaller home is above the age of 54 years old.

* Only around 2% of homeowners wished they had waited before buying a home.

* 86% of buyers buy existing homes, while 14% buy brand new homes.

* Over 50% of those aged 39 and under want a brand new home to avoid renovation, maintenance, and repairs.

* 38% of all buyers feel the same way.

* 82% of buyers buy a single-family, detached home.

* The average distance between a home purchased and the prior home is 15 miles. Above 64 years old it doubles, swaying averages. Under the age of 53, its under 11 miles.

* 58% of buyers said the neighborhood was their primary choice driver, followed by convenience to job sites, affordability, and convenience to friends and family.

* Just 5% mentioned public transportation.The largest percentage of home buyers buying a home above $500k were aged between 29-53 years old.

* 68% of home buyers bought a house 2,500 sf or smaller. 18% bought homes larger than 3,000 sf.

* 66% of the homes bought were older than 17 years.

* 22% of home buyers compromised on the price and 20% compromised on the condition. 34% made NO compromises!

* Home buyers aged 54-72 years old expect to stay in their homes for at least 20 years.

* 86% of buyers rely on an agent for information about their home search and 93% relied on online information.

* The average buyer spent 10 weeks searching and viewed 10 properties.

* The paperwork and understanding the process accounted for 36% of the most difficult buying steps.

* 87% of buyers rated photos as the most useful and valuable website feature.

* At least 60% of buyers were very satisfied with the home buying process.

* 87% of home buyers used an agent/broker to buy.

* Buyers want the following mostly from agents: help finding the right home, negotiating terms and price.

What else are you looking for in an agent?

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Tax Benefits to Owning a Home

People always say that it’s great for your taxes to own a home, but do you know why and what exactly those benefits are for you? See below for six great ones to keep in mind as you make your way through your real estate journey!

6 key tax benefits to owning a home:
1. A deduction of up to $750,000 worth of mortgage interest.
2. A SALT (state and local real estate taxes) deduction up to $10,000.00.
3. Tax-free rental income of 2 weeks if you rent your home out for 2 weeks per year.
4. A $250,000 tax-free capital gain deduction for singles and $500,000 for couples upon selling.
5. If you buy your home for $500,000, and it is worth $1 million when you die, your heirs' cost basis re-sets at $1 million and you bypass the capital gains on the initial value gain.
6. The current tax law allows you to take a tax deduction of $5 per square foot, for up to 300 square feet of office space. You can get a maximum deduction of $1,500.

10 Simple Staging Tips for You to Consider!

In a market that demands us to show property at its very best, and buyers start their ‘to do checklist’ the minute they walk in the door, one of my fellow Compass’s agents and stager, has provided some ideas to share with some rather easy and inexpensive staging tips knowing that expense matters, but is always made manageable for all with the program my new company provides called Compass Concierge!

1. Find your flaws: Never an easy thing to do, in life or at home. Know that buyers will fixate on the smallest of details; a broken window pane, mold on bathroom grout, too much furniture in the living room, and the list goes on. If something is wrong, buyers will wonder what else is broken and use that as leverage to negotiate your asking price. Before you list your home, make a checklist.

2. Refresh the basics: Replace a moldy shower liner and shower curtain; new bedding makes a world of difference. By making simple updates and upgrades, you can transform a home. Overstock, Gilt, and West Elm are some go-to's for affordable options. Having a professional cleaning person come through is crucial prior to listing and showing. 3. Make a statement, but proceed with caution: Want to catch a buyer's eye? Create an accent that stands out and showcases volume or constructs a separation of space. You don't have to break the bank but instead just buy a pillow or couch cover to add a little POP to your home! In a sea of sameness a photo that stands out will resonate.

4. Create reflections of how your home should be: Use mirrors to reflect light, not another wall. Well positioned mirrors bring in extra light and bounce it around the room. Mirrors can open up a small space by making it feel as if it goes on and on. A mirror facing another wall, in a hallway, or enclosed space is a waste.

5. Storage Wars: Store your off-season wardrobe in a trunk or consider renting space at a storage facility. You should clear out all unnecessary items: throw out products in your bathroom vanity and kitchen cabinets that you never use, and just empty out as much as possible. Showcase how much space the buyer will have if they move in. And while you're at it, arrange your clothes by color, it will help everything look more organized and efficient.

6. Get Trashed: Remove ALL trash and recycling. Trash should NEVER be out in the open for buyers to see. It's garbage, not artwork and definitely make sure it's all been removed before you photograph the listing. If you have an unattractive trash receptacle, get rid of it. Consider instead using something you already have: a vase, wine bucket, an unused piece of pottery, a magazine bucket, etc.

7. Flowers are great, but...they are expensive and only last a few days. Consider easy to maintain plants to add life, color, and a sense of calm to your home. Succulents, air plants, bamboo, ferns, and orchids are ideal and easily found at bodegas and grocery stores. If you have very high ceilings, consider using blooming branches in a long glass vase elevated above four feet to showcase the ceiling height. (Good) Fake plants and flowers also work great for photography, plus no one will know the difference!

8. Virtual Reality: Selling an empty property? Consider having it virtually staged to make the images more interesting. An empty apartment looks bland and small. If you don't want to stage it with real furniture, you should at the very least have it virtually staged with a design scheme that is representative of the apartment, building, neighborhood, and price point. You also have to understand your demographic. A loft in the city would look absurd filled with traditional furniture associated with the suburbs.

9. The Kitchen Conundrum: A cluttered counter is distracting in pictures. Make sure you hide all of those sponges, cleaning solutions, kitchen rags, and excess in all corners of your kitchen. If you just renovated your kitchen or bathroom, showcase the with a few attractive and high end products, but sparingly. Buyers will expect to see Molton Brown, not Dial soap on a Waterworks sink.

10. Make Scents: Air out your home at least 24 hours before you are showing - that means open every window. If there is a litter box, remove it before showing. Got a dog? Give him a bath. Fabrics capture smells, which can work to your benefit. One of my favorite "recipes" is adding a little essential oil (lavender, eucalyptus, orange, and grapefruit) to a spray bottle filled with water. I used this concoction to spray down every piece of cloth furniture and all the curtains in every room three hours before an open house.

Homebuyer Mistakes to Avoid

Buying a home is one of the most stressful times in your life! It’s a lot of money to spend and you want to be sure you’re being smart about it. With current housing conditions, most homes under $600k are moving very quickly so there isn’t room to sit around and debate your decision for a few days or it will be gone. Bidding wars are a common occurrence and houses are selling at and over asking price. If you can avoid making these mistakes, the process will be a lot smoother and less stressful, and you’ll have a better chance of getting that dream for you and your family!

Before Making an Offer

• Get pre-qualified to know how much you can afford

• Check your credit score and fix any errors that might be on there

• Take the time to raise your credit score if it’s not higher than 650

• Choose the RIGHT lender. Not all lenders are equal. Some will be a better fit for you and be able to help you more and close faster than others. Your agent usually will refer you to ones that they have worked with and are solid people to trust.

• Spending all of your money on your down payment and closing costs. Always have an emergency fund.

• Lacking vision. Doing upgrades can be less expensive than buying a house with the complete package.

• Indecision. A house you loved today and are thinking about buying might already have an offer being written from the person who loved it yesterday.

• Waiting longer than 24-48 hrs to see a home in Denver that just hit the market. In our highly competitive market, over 60% go under contract in seven days or less.

• Not choosing an agent. Get professional help. They are the experts in contracts, negotiations and knowing the market.

• Make sure to get a feel for the neighborhood. Walk the area, talk to neighbors, look at the upkeep of houses and yards nearby to get an idea of who would live around you.

After Making an Offer

• Turn in your Earnest Money on time. If you wait to long, the contract will be terminated.

• Don’t make any large purchases before closing that will change your credit.

• Make sure to go all in on inspections. This can make or break a deal and you’d hate to find issues after you close because you thought new construction couldn’t have issues.

• Do all the tests necessary on top on inspection: check the home for mold; get it meth tested if there were ever renters there; do a sewer scope, double check all systems are in working order!

• Sign all disclosures or the contract can be terminated.

• Make sure your lender orders appraisal on time to make the deadlines work.

• Have an agent who is on top of everything and communicative with you during the whole process.

Don’t let simple mistakes keep you from the home of your dreams! Contact me with any questions or concerns!

How to Save for a Down Payment on a Home

Even if you don’t plan to buy a home anytime soon, starting to save for a down payment is always a good idea. Unlike saving for retirement, where you won’t see the funds for years and can put away a little at a time, this is something that needs to be accessed much more quickly, so here are some steps and ideas to get the process started quickly.

Step 1: Figure out how much you need to save. Talk to a lender and determine how much you can qualify for when purchasing a home and how much you’d like to put down as a down payment. 20% is not a requirement.

Step 2: Determine your time frame. The shorter the time frame, the faster you’ll need to save. Divide the number of years by the total down payment you hope to put down.

Step 3: Start a budget. Look at your current monthly expenses and see where you can cut back. Be creative! Try to carpool more, cut coupons, bring lunch every day, rent out a room with AirBnB, or save on energy costs by reducing your use. Embrace the changes, it’s all worth it!

Step 4: Set up an automated payment. Unless you’re a natural saver, the best thing you can do is have a certain amount or percentage moved to a savings account each month. This helps make the process automatic and invisible.

Step 5: Start Today! Saving for a down payment is tough. It takes perseverance and focus, so the best thing to do is start now.

Biggest Myths in Real Estate

I thought a great way to start off my new website is to get some of the myths out of the way first so we can move right into the real deal!

Myth #1 - 20% down payment is required

This is so far from the truth, I want you to forget that you’ve ever even heard it! According to a recent survey, 48.6% of people believe this myth and leads to people renting longer than needed!

There are so many options out there these days that lenders can help you find the right one for you. Depending on the type of loan you are doing, you may not even need to do a down payment! Some conventional loan programs offer down payments of 3-5%, FHA can be as low as 3.5%, and for veterans and military service members, VA loans allow for zero down payment!

Considering Millennials spend close to $100,000 in rent by the time their 30, I’d say it’s time to clear up this myth!

Myth #2 - Seller’s should price their home high because you can always reduce it

One of the biggest myths in Real Estate. Sellers want to protect themselves. so they think if they start out over the asking price of their house, it’s a good defense mechanism against selling too low. Pricing a house wrong is basically the kiss of death and can lead to lots of frustration. Buyers in today’s market are quite savvy and do their homework. If they see your home is overpriced, they may not even waste their time looking at all! You have to entice with the price.

Myth #3 - Zillow says it, so it must be true

Has Zillow or anyone working for them ever been to your home and walked through it? Have they ever pulled relevant comps, made adjustments and given you an appropriate range of value?

‘Zillow’s Zestimate’ gives home owners a general starting point for the value of the home, but by no means is it accurate. It can’t understand why some homes on one street would be more value than on the next, or the difference a good school might make in driving some prices up in an area.

Myth #4 - Buyer’s should start with a low offer

Buyer’s often think that throwing in a low ball offer on a home is just a starting point and they can negotiate from there. While there is nothing wrong with negotiating at all, unfortunately a low offer will sometimes upset or offend the seller and they won’t even consider the offer, much less negotiate it. Today’s market is still a sellers market, so they have more power. It’s better to submit your highest and best offer to stay competitive until the market shifts.

Myth #5- I need perfect credit to buy a home

Many buyers are under the assumption that they can’t start the home buying process until their credit score is close to perfect. While better credit is a good thing and can help you get a good rate, most lenders just require a score of 640 to get the process going. FHA loans typically only require a score of 580 score or higher to begin the process, and if you’re under that you’re not excluded, but you will need a bigger down payment to begin the process. So stop hesitating and reach out to one!