Real Estate News - Denver, Colorado - Blog Archive: June, 2014

June 2014

Found 21 blog entries for June 2014.

Millennials & Student Debt: We Knew They Were Wrong! | Keeping Current Matters

You have often heard the myth that student debt is keeping the vast majority of Millennials from purchasing a home.

People have explained that Millennials have purchased more homes over a recent twelve month period than any other generation as was reported by the National Association of Realtors).

They explained that the homeownership rate of people currently between the ages of 25-29 is 34.3%. That is higher than the 33.6% rate members of the previous generation (people currently between the ages of 45-49) achieved when they were that age (as per John Burns Consulting).

They explained that a recent survey showed that almost three out of every four (74%) young adults between the ages of 18-34 plan to buy a home in the next five years with 32%

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Denver Home Buyers can Smell You!

If you are Selling a Home and want to sell for top dollar please remember the way your home looks is important but how it sounds, and smells is just as important to the buyer's home viewing experience. 

Here are some tips for a sweet smelling home for sale. 

  • Freebreze  before leaving the home
  • REMOVE items causing Orders
  • Clean Cat box daily
  • open windows and let fresh air in
  • do not smoke in the home
DO NOT GET GLADE PLUG-INS and TRY TO COVER UP THE SMELLS.  Most buyers think if you have the plug-ins that you are hiding something or they dont like the smell of the plug-ins


Some smells that offend and that can turn off a  home buyer:

  • All pet odors including birds and birdcages
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Always look for a Realtor & Accredited Staging Professional Team to list, Stage, market, and SELL your home.

Get ready to move... Start packing!

Quick TIPS FOR STAGING YOUR HOME

Before you show your home to any potential buyer be sure to go through your whole house with your Kenna Real Estate Agent and their Accredited
Staging professional, Kate O’Keefe of Kenna Real Estate.
Follow these general tips and your home will look better than the competition. Staged Homes sell faster and/or for more money!

INSIDE Your House

Clear all unnecessary objects. Keep decorative objects on tables and shelves to a minimum. In general, a sparsely decorated home helps the buyer mentally ‘move in’ with their own things.
• Rearrange or remove some of the furniture

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FSBOs Must Be Ready to Negotiate | The KCM Crew

In a recovering market, some sellers might be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. The real estate agent is a trained and experienced negotiator. In most cases, the seller is not. The seller must realize the ability to negotiate will determine whether they get the best deal for themselves and their family.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  •  The buyer who wants the best deal possible
  •  The buyer’s agent who solely represents the best interest of the buyer
  •  The buyer’s attorney (in some parts of the country)
  •  The home inspection companies which work for the buyer and will almost always
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Upscale Latinos & Housing | The KCM Crew

Last year Nielsen and the Association of Hispanic Advertising Agencies (AHAA) identified Upscale Latinos as the most influential segment since the Baby Boomers. Upscale Latinos are becoming a powerful population segment and have grown by more than two million since 2010.

“Recognizing the diversity within the Hispanic population in the U.S., Nielsen and AHAA embarked this year on a second study to further understand the behavior of upscale Latino households, what drives them toward upscale-luxury purchases and what drivers and detractors they share—or don’t share—with non-Hispanic upscale households.” Here are some important points that they found:

  •  The number of Upscale Latinos with an annual income range from $50,000 to $100,000 is growing.
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Getting a Mortgage: Why SO MUCH Paperwork? | The KCM Crew

 

 

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

  1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage. During the run-up in the housing market,
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5 Reasons to Sell Now | The KCM Crew

 

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those reasons.

1. Demand is Strong

There is currently a pent-up demand of purchasers as many home buyers pushed off their search this past winter & early spring because of extreme weather. According to the National Association of Realtors (NAR), the number of buyers in the market, which feel off dramatically in December, January and February, has begun to increase again over the last few months. These buyers are ready, willing and able to buy…and are in

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New program offers No Down Payment Loan