home buying: Where Will I Move To? By Marc Bayes - 08/13/14 05:37 AM
I have a few clients that have agreed to let us sell their home however it’s based upon the condition of finding them their next home first. It’s the age old question, “where will I move to?” and it’s not an easy question to answer. There are some solutions however.
Conventional wisdom says that in order to find where you will move to next you need to put your current home under contract and then find your next home. This goes out the window when you either A) have not a strong enough incentive to sell or B) you have the money to … (3 comments)

home buying: Can You Really Afford This Home? By Marc Bayes - 07/31/14 07:00 AM
Can you really afford this home? Here’s a question we, as Realtors, don’t ask our clients. It comes across pushy, demeaning, snotty, and rude. It’s a fair question though isn’t it? Can you really afford this home? It’s even open ended because it’s not just addressing the monthly payment it’s addressing the cost of home ownership.
In today’s market with interest rates at an all-time low the mindset is to buy and buy now. Don’t wait for interest rates to slide a point because you may be priced out of the market. Don’t wait because the price of homes will go up. The … (1 comments)

home buying: How Do I Find A Great Neighborhood? By Dan Polimino - 07/29/14 06:18 AM
The number one concern on every buyer’s mind is purchasing a home in the right neighborhood. No one wants to pick a bad one and everyone wants to pick the right one. So how do you know which neighborhood is right for you? The answer is research, research, and research. Here are some tools and strategies to use for your homework on this topic.
1)     One of the reasons why you are hiring a Realtor to represent you is because they’re a neighborhood expert. They should know more than anyone else about the areas you are interested in. Rely on them, … (1 comments)

home buying: Inspection Objection Items By Marc Bayes - 07/16/14 02:33 AM
When it comes time to decide if you really want the property you should have an inspection done. Don’t use a fly-by-night inspector. Use a company or a person that does quality work, has a great reputation, and that you trust. You want to know all the ins and outs of the house and you’re hoping that the majority of that knowledge will come from the inspection report. The question is, what do we ask the sellers to fix from that report?
As a buyer you want to answer that question with, “Everything!” The truth is when it comes to inspection objection items … (21 comments)

home buying: A Good Lender Makes All The Difference By Dan Polimino - 07/11/14 05:16 AM
The lending landscape is tighter than ever even though banks are showing record profits once again. I can understand why lending institutions are being cautious not wanting to fall into the same trap again, but someone has to tell them that they have swung the pendulum too far in the other direction. It’s time to come back to center.
That’s why I am writing this week’s column on how important it is to have the right lender. This guy or gal can and will make all the difference in a successful transaction that closes smoothly. Here are a few tips:
1)      Find someone … (0 comments)

home buying: Your Dream Home By Dan Polimino - 07/11/14 05:06 AM
There really are some important factors that everyone should consider if you want to find your dream home. Here is what I think are the top six things to consider when starting your search.
Neighborhood. This seems obvious, but what I like to tell buyers is that when they first start thinking about moving, drive around some neighborhoods and get a feel of what looks good to you. Then take that knowledge to the internet to find out more. Children. If you have kids, how important is it for you to be in a certain school district? If so, that may … (0 comments)

home buying: You Are Still Missing The Double Whammy By Dan Polimino - 07/07/14 07:18 AM
It’s been a well-known seller’s market for some time now in Denver. Even builders have buyers over a barrel since there is so little re-sale inventory. This is much to the dismay of many buyers in the market. 
I have heard this many times before from buyers, “Dan, I feel like I am buying at the top of the market.” Maybe it’s not quite yet the top of the market, but certainly soon. It is true that home prices are higher now than back at the peak in 2006. If your plan is to wait until home prices come down, I don’t think that’s … (0 comments)

home buying: Batéleur at The Preserve By Marc Bayes - 06/19/14 04:51 AM
My team and I recently landed a wonderful listing in Batéleur at The Preserve in Greenwood Village. What I’ve found is that most people have no idea where or what Batéleur is and its significance as a neighborhood in Greenwood Village. I thought I would shed some light for those that are in the dark.
Batéleur first started to be built around 20 years ago. The Preserve as a community are strictly custom homes on lots around the size of an acre or more. These homes are usually around 6,000 square feet and up. Batéleur was a community developed for those that still wished to … (0 comments)

home buying: Is your neighborhood safe? By Marc Bayes - 06/19/14 02:20 AM
Whenever I’m showing homes in the city, the number one question I get is, “how safe is this neighborhood?” It’s a very common question when people from the suburbs are looking to buy within the city limits of Denver. Let’s face it, crime happens everywhere, but wouldn’t it be nice to know before you consider a certain neighborhood, what crime has happened and when?
Denver is like any city. One area could be safer than another. One block could be great and the next block not so much. If you don’t live in Denver you wouldn’t be familiar with what areas are safer and the ones … (0 comments)

home buying: Buyer Loyalty By Marc Bayes - 06/12/14 02:15 AM
Recently, I’d learned a very valuable lesson when it comes to working with buyers. Have a buyer agency agreement. For the first time in my career as a real estate agent, I lost a buyer and I have no recourse because I did not have a buyer’s agency agreement. The truth is, I like to run my business on the premise of buyer loyalty.
The buyers I lost I liked a lot. They were very nice people and I did really want to help them find a home. In fact, we were close to writing on a few homes as well. … (2 comments)

home buying: Appraisals Are A Real Problem By Dan Polimino - 06/02/14 06:58 AM
In a seller’s market, most people putting their homes on the market want a premium price and chances are they can get it. Over the last three months, we have visited many sellers who were thinking about putting their homes on the market. Most of them asked this one simple question, “What is the top dollar for our home?” We answer that question based on the comparable sales data we have researched in the neighborhood and its surrounding area. Some prospective sellers take the number we give them and added anywhere from $10,000 to $100,000 more to the asking price. They believe that given … (0 comments)

home buying: How To Make Moving Fun By Dan Polimino - 05/02/14 03:51 AM
Let’s face it: moving is stressful for everyone involved and sometimes it’s hardest on the kids. Moving to a new neighborhood or even a new state means leaving your friends, maybe some family, and your familiar territory behind. For parents trying to help their kids make the adjustment, there are a few tips you can do to ease the anxiety. Here are a few of my favorites.
1)     Let each child pick their new room and then help them personalize it. Every child has their own personality and this is a great opportunity to let them express that. This will take their mind … (0 comments)

home buying: You May Never Get a Higher Price for Your Home By Dan Polimino - 03/10/14 02:46 AM
Have you heard of the saying ‘buy low and sell high’? Whether you are investing in the stock market or you are buying real estate, everyone would love to buy low and sell high. I don’t know how many times over the last five years have I heard people say, “If I only knew the real estate bubble was going to be 2006, then I would have sold at the peak of the market. Of course you would… everyone would, but the challenge is knowing when and how to time the market. Many people over the years have professed to me their ability to time the market. … (0 comments)

home buying: Assumable Loans Are Back. By Dan Polimino. - 12/16/13 07:57 PM
I am amazed that I have a mortgage with less of an interest rate than what my parents paid for our home in 1968. What really blew me away was when my lender told me that my loan was assumable. I thought assumable loans were a thing of the past, but FHA loans are assumable, and now some conventional loans are as well.
The assumable loan was almost a must for homebuyers in the late 70’s and early 80’s when interest rates climbed to 16% and higher. When a seller had an assumable loan, they definitely had an advantage over a seller that did not. For those … (0 comments)

home buying: Do You Know A Good Contractor? By Dan Polimino. - 12/09/13 08:58 PM
As a real estate agent, I must get that question three times a week. And why wouldn’t I? After all, people are buying homes and chances are they’ll need repair work or construction. Who better to ask than a real estate agent, right? Surely, the agent would know a good contractor. The answer is yes and no. Believe it or not, it’s getting harder and harder to find a good contractor. I think that like most consumers, I am looking for a contractor that “does what they say, say what they mean, meet deadlines, and do good quality work.” One would think that given the … (1 comments)

home buying: Winter Real Estate. By Marc Bayes. - 12/03/13 09:57 PM
Winter is coming. While it’s a great tag line for Game of Thrones it’s also an inevitable reality for us in Colorado. With winter comes the second selling season for real estate and with snow in the air it’s right around the corner. I wanted to lay out expectations for both buyers and sellers as we move into the colder snowy months of real estate.
Winter real estate comes with ups and downs just like any other season. The first big expectation for buyers to have is an extreme lack of inventory. We’ve already experienced a lack of inventory over the last two years but … (0 comments)

home buying: Fix and Flips. By Marc Bayes. - 11/12/13 08:48 PM
Did you know that fix and flip properties are on the rise? It’s next to impossible these days to view a home built in the early 1900’s and not see them completely gutted and remodeled. We’re talking hard wood floors that gleam, stainless steel appliances, new light fixtures, granite counter tops, updated bathrooms, finished basements, new carpet, new paint, new water heater and new furnace. Fix and flipstoday are providing buyers with some amazing possibilities for that new home feel but the sellers of these fix and flips are beginning to get burned by the market.
While the finishes in all these … (2 comments)

home buying: What’s the Plan to Sell Your Home in 2014? By Dan Polimino. - 11/11/13 08:33 PM
The Holidays will be here before you know it. We will all be toasting eggnogs, opening presents, and returning that terrible sweater to the shopping mall before you know it. New Year’s Eve will be a blink of the eye and it’s Hello 2014. So what is a potential strategy for someone looking to sell his or her home in 2014? Here are a few ideas:
1) Wait until around January 15th before putting your home on the market. People have what I call the ‘Holiday Hangover’ for about two weeks after New Year’s Eve. The market will start to pick up again by around mid-January.

home buying: Interest Rates Have Dropped. By Marc Bayes. - 10/22/13 09:11 PM
It’s October and the interest rates have dropped to just 4.07% which is huge because they will probably never be this low again. Which I also know that that’s what every buyer has been hearing since the 2012, “They’ll never be this low ever again” yet so many buyers are waiting till 2014 to purchase when they have the ability to do so now. 
October 14th, 2012 interest rates were as low as 3.27% which is a number so astounding it’s hard to wrap your head around it. Fast forward to October 3rd, 2013 and they are at 4.07%. Interest rates … (0 comments)

home buying: Home Warranties. By Marc Bayes. - 10/03/13 08:37 PM
Home warranties are becoming more and more common with every transaction I’ve seen. More and more buyers and sellers are realizing the power of the home warranty. A home warranty is essentially the greatest protection you can give any buyer or seller when it comes to protecting their home through the buying and selling process. 
Home warranties come in all shapes and sizes. We’ve been seen each company shop each other to make the best deal possible for their clients. Home warranties will cover all appliances within the home. Based upon the home warranty package you choose it can also cover … (1 comments)

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