whats my home worth denver aurora: Temporary Buydowns: What Happens to Unused Funds If You Sell or Refinance Early?
- 09/17/25 06:38 PM
Temporary Buydowns: What Happens to Unused Funds If You Sell or Refinance Early?9/17/2025 A temporary buydown is a great tool to help ease into homeownership with lower initial monthly payments, especially helpful in a high-rate environment. It allows you to enjoy reduced payments in the first one to three years of the loan, offering financial flexibility as you settle into your home.
With a buydown, the upfront cost is used to offset the difference between your actual mortgage payment (based on the full note rate) and the reduced payment you're allowed to make under the buydown terms. That difference is funded by a … (1 comments)
|
whats my home worth denver aurora: Home Insurance: Protect Your Investment
- 09/10/25 02:30 PM
Home Insurance: Protect Your Investment
Patty Clark
Status: Posted on Wednesday, September 10, 2025 7:00 AM
If you're buying a home—or already own one—home insurance might not be the most exciting part of the process. But it is one of the most important.
In many cases, home insurance is required to secure a mortgage, but even if it weren't, having the right coverage in place protects one of your biggest financial investments. It's not just about meeting lender requirements—it's about safeguarding your future.
Protection Against the Unexpected
Home insurance helps you recover financially if disaster strikes. Whether it's a fire, storm, or burglary, insurance … (2 comments)
|
whats my home worth denver aurora: Rising Homeowner's Insurance Affecting Affordability
- 04/08/25 08:42 PM
For homeowners with mortgages, rising insurance premiums pose a unique and unavoidable challenge. Unlike those who own their homes outright, mortgage holders are required by their lenders to maintain adequate homeowners insurance. This ensures that the lender's investment in the property is protected in the event of a disaster, but it leaves homeowners with little choice but to absorb the increasing costs.
Between 2020 and 2023, insurance premiums surged by about 20%, and in some high-risk areas, the increases are even steeper. For many, this spike has strained household budgets, adding to the already heavy financial burden of rising interest … (7 comments)
|
whats my home worth denver aurora: The case for working with a friend and agent
- 07/16/24 02:41 PM
The familiarity and trust established in a friendship may be the ideal foundation for a successful business relationship. Having a loyal ally from their social circle adds a new level of insight and service to such an important financial decision in their lives.
When considering the choice of engaging a friend who also happens to be a real estate agent in the purchase or sale of their home, consumers are presented with a multitude of compelling reasons to embrace this option. Firstly, the pre-existing level of trust between friends lays a solid foundation for effective communication and transparency throughout the … (0 comments)
|
whats my home worth denver aurora: How to get a lower rate and a lower price
- 06/03/24 01:13 PM
Are you in the market for a new home and wondering which mortgage option is right for you? While the world of home financing offers a surplus of choices, one option often overlooked is the Adjustable Rate Mortgage, or ARM. If you're in a market where interest rates are trending lower, an ARM could be the key to significant savings and financial flexibility.
The problem is simple, while you're waiting for interest rates to come down, the price of homes are still going up. Any savings from the lower interest rate could more than be offset by the increase in purchase … (1 comments)
|
whats my home worth denver aurora: Should You Install Artificial Turf in Your Yard?
- 05/20/24 05:46 PM
Who wouldn't want to reside in a beautiful neighborhood adorned with meticulously manicured lawns? While some homeowners relish the thought of working on their yards, others may not share the same enthusiasm. If you've ever contemplated the idea of installing artificial turf, also known as fake grass, as a part of your landscape, it's essential to consider both its advantages and drawbacks.
Let's Begin with the Advantages:
Modern advancements in artificial turf technology have rendered it nearly indistinguishable from real grass, offering an evergreen and perpetually lush appearance to your landscape.
One of the most significant perks of artificial turf … (4 comments)
|
whats my home worth denver aurora: Bridging Wealth Gaps: Homeownership's Stand Against Inflation
- 04/12/24 11:36 AM
When exploring the benefits of homeownership, it's more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics of appreciation and amortization, explaining why owning a home can be one of the most impactful financial decisions you can make.
Inflation, the overall upward price movement of goods and services in an economy, erodes the purchasing power of money. In simpler terms, as inflation rises, each dollar you have buys a smaller percentage of a good … (2 comments)
|
whats my home worth denver aurora: Baby Boomers' Wave to Downsize
- 04/12/24 11:26 AM
As the first groups of baby boomers gracefully rides the wave of aging, they are setting new trends in the housing market, giving birth to what experts fondly refer to as the "Silver Tsunami." This phenomenon is not merely about a change in address; it's a lifestyle transformation tailored to meet the unique needs of the golden years.
With approximately 10,000 people reaching the age of 65 every day, the United States is witnessing an unprecedented demographic shift. By 2030, all baby boomers will have passed this milestone. Among these remarkable statistics, the AARP's estimate stands out: a staggering 74% … (2 comments)
|
whats my home worth denver aurora: Adapting to Life's New Chapters
- 03/12/24 06:45 PM
All of us encounter major life events and they have the possibility of disrupting our lives temporarily, if not permanently. The homes we live in may have met our needs originally but due to a change in our life, it may no longer be adequate or the best fit for us, which will require a move. The decision to change one's living situation often comes as a response to these pivotal moments, and the reasons behind such changes can be as diverse as the events themselves.
The number of things that can influence these changes is numerous. It may be the birth … (7 comments)
|
whats my home worth denver aurora: Who Benefits from Selling a Home "As Is"?
- 04/28/23 08:03 PM
A person's decision to sell their home comes with a lot of other decisions causing an owner to stress or procrastinate. Early in the process, the owner will consider selling the home "As Is" to avoid the looming issues that accompany selling a home.
From a seller's standpoint, "as is" means the buyer will purchase the home in its current condition without asking for any repairs. While it is convenient for the seller to take this approach, the normal trade out is the property will not result in the highest possible sales price.
Regardless of how the home is sold, the seller … (4 comments)
|
whats my home worth denver aurora: Make Your Home Offer the Most Appealing
- 03/27/23 03:11 PM
Sales in February 2023 were up 14.5% month over month and still down 22.6% year over year according to the NAR Housing Snapshot. The median sales price dipped 0.2% to $363,000 and there are 2.6 months supply of homes on the market compared to 1.7 months a year ago.
"Inventory levels are still at historic lows, and consequently, multiple offers are returning on a good number of properties." According to Lawrence Yun, Chief Economist for the National Association of REALTORS®.
It is still important to have a strategy for potentially competing with other buyers on the house you want to buy. The plan … (2 comments)
|
whats my home worth denver aurora: Homeowners Need Resources
- 11/06/22 05:57 PM
Managing an asset worth hundreds of thousands of dollars is a responsibility that requires attention to details such as timely payment of the mortgage, home repairs and maintenance, upkeep, and oversight on financial issues including taxes, insurance, and other things.
Depending on how long you've been a homeowner, you may have faced some of the decisions common to homeownership. Occasionally, there could be something new that you haven't had to deal with in the past. This is where having resource you can rely on becomes valuable.
During the buying or selling process, it is natural to turn to your agent for information and … (1 comments)
|
whats my home worth denver aurora: Five Factors that Affect the Sale of Any Home
- 09/28/22 10:22 AM
Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and the agent you select. The one thing you can't control is the location of the home, but you can adjust the other factors to compensate for failings.
The seller controls the price of the home which determines its positioning in the marketplace. If is priced too high, it will take longer to sell and, in some cases, for less than what it should have sold for because when it doesn't sell immediately, it is assumed that there must be an issue with it. If … (1 comments)
|
whats my home worth denver aurora: Indecision Can Be Expensive
- 08/21/22 05:25 PM
With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home.
On a local level, there is a pent-up demand for homes that have been building for years. Builders haven't kept up with demand for new housing for almost 15 years. Low inventory, especially in the past three years, have driven up prices nationally in 2021 by 20% and even though, the rapid appreciation seems to be moderating, in … (2 comments)
|
whats my home worth denver aurora: Buy Before You Sell
- 06/29/22 07:56 PM
A common concern for homeowners is that if they sell their home first, they may not be able to find another home to buy. It is understandable with the low inventories currently available in most markets, but a strong argument can be made to buy your replacement home first.
In fact, there are some advisors that would tell you not to sell at all. Instead, keep the home for a rental investment and refinance it to pull out some cash for the down payment and closing costs for the new one.
Many homeowners recognize that their home has been an … (1 comments)
|
whats my home worth denver aurora: Existing Homeowners May be Facing Higher Payments
- 05/29/22 12:38 PM
Existing Homeowners May be Facing Higher Payments5/18/2022 As a current homeowner, you may be basking in the consolation that you bought before the market got crazy with higher prices and interest rates. However, it doesn't mean that you may not be facing higher mortgage payments for next year.
Most homeowners pay their taxes and insurance into an escrow account with their mortgage payment. The lender monitors the account to be sure there are enough funds available when the taxes and insurance are due. If there is a shortage, it could cause your payment to increase.
In 2021, the national average increase in home … (1 comments)
|
whats my home worth denver aurora: Today is a Skills Market
- 05/28/22 08:00 AM
In today's ultra-competitive real estate market where there is only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale, it is more important than ever to have the right person "champion" your cause.
In the Middle Ages, it became customary for a person of nobility to appoint a "champion" to fight for them in their stead. Trial by combat ended in the 15th to 16th centuries but the practice of "fighting" or speaking in one's behalf continues even to this day.
Lawyers will take up the cause of their client … (2 comments)
|
whats my home worth denver aurora: Will Selling Your Home Increase Your Tax Bill?
- 05/05/22 01:00 PM
With home prices rising 20% nationwide in the past year and in some markets, even dramatically more, many homeowners are excited about the equity in their homes. In the past, most homeowners were not concerned about profit from the sale being taxed but some may be surprised.
The profit homeowners make on the sale of their homes have enjoyed a generous exclusion. Since 1997, for qualified sales, single taxpayers exclude up to $250,000 of capital gain and married taxpayers filing jointly, can exclude up to $500,000 of gain.
Prior to the Taxpayer Relief Act of 1997, homeowners over the age of 55 … (1 comments)
|
whats my home worth denver aurora: Buying a Home...Ask for a CLUE Report
- 04/25/22 07:12 PM
People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems. Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in.
Lexis Nexis C.L.U.E. (Claims Loss Underwriting Exchange) is a claims history database that enables insurance companies to access consumer claims for the previous seven years when they are underwriting a risk or rating an insurance policy.
An insurance underwriter could identify a previous claim for substantial damage to a property and try … (2 comments)
|
whats my home worth denver aurora: The Dynamics of Home Equity
- 03/16/22 09:07 AM
Appreciation and amortization are key factors in building equity for homeowners with mortgages. As the home goes up in value due to appreciation and the unpaid balance goes down due to amortization, the equity increases.
Appreciation is the increase in value of a home and is usually measured year over year. In recent years, appreciation has been robust (19% nationwide in 2021) due to high demand and low inventory. Many times, the news will quote annual appreciation rates from a national or regional level.
Occasionally, you may see a chart that tracks the annual appreciation over a period, but it is more interesting … (0 comments)
|
|
|
|
Temporary Buydowns: What Happens to Unused Funds If You Sell or Refinance Early?9/17/2025 A temporary buydown is a great tool to help ease into homeownership with lower initial monthly payments, especially helpful in a high-rate environment. It allows you to enjoy reduced payments in the first one to three years of the loan, offering financial flexibility as you settle into your home.
;)
;)
;)
