Three Ways An Appraisal Saves You Money

You're on the hunt for the house of your dreams! A property with every amenity you desire, in a perfect location and at the right price. When you find a house which fits much of your criteria, it's important you hire a professional home inspector to do an appraisal. Here's why….


Discover the Home's Current & Potential Problems

A professional home inspector is going to evaluate the entire home, from the electrical to the roof, and tell you everything that is wrong with the property. For example one of the most dangerous parts of owning a home is the risk of mold growth in the house. Mold is very easily hidden, but with a home inspection you can find out if mold already exists and how much damage the mold has done on the home.


Consider If The Home Is In Your Budget

So knowing what is wrong with a house before you buy gives you the best understanding of potential costs in the future. This helps you decide if the home is something you still want to purchase.


Negotiate The Asking Price Or Contract Terms

Now you can determine if the asking price fits well with any repairs or replacements that you might have to put money into overtime. If the appraisal is significantly less than the asking price, you'll have to decide if you want to negotiate the price, bring more cash to the table or walk away from the deal.


As you can see the cost of a home inspection may run you hundreds of dollars, but in the end you could be saving much more money!


Got more questions about buying a home?

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411


Posted on June 5, 2016 at 11:05 pm
Metro Denver Office | Category: Buying A Home, WMDRE Blog

9 Elements To Successfully Buying A Home

Buying a home comes with a large array of tasks that have to get completed. A home is a huge investment, and it’s an exciting step in your life. When you are purchasing a home there are things that you can do right and things that you can do wrong, which can make a difference in buying a home that is right for you. Here are 9 things to consider when buying a home.


1) A Good Location

This is very important because you want to be in a good location that you are happy with. It is also going to play a large role when it comes to selling the property, if it is in a great location your home is going to sell quicker. Things that factor into making a good location are the town it’s in, the school district, the neighborhood, where it is in the block, etc.


2) Assess Remodeling Needs

Is the house a fixer-upper? You should know what you’re getting into before you buy the home. If you want a house that needs work done to it, factor in the costs of what it’s going to take to make the home perfect. Know the past of the home. Every home can have defects and knowing what has been an issue before hand is going to help you have an idea for what repairs will be needed sooner.


3) Factor in Extra Costs

What are all the necessary costs? Taxes, dues and fees are all a part of owning a home. Annual property taxes should be taken into consideration before you purchase the home, as well as any dues and fees associated with the home.


4) Don't Rush Your Decision

Take your time finding your home. Although the market is rising and it’s a busy time of the year, don’t rush into anything. Ask the sellers questions about the home when you are viewing it and get the neighbor’s opening on the area and the home.


5) Know Your Budget

Assess your budget. Knowing what you can afford is going to cut down on the number of homes you are going to look at and you will want to know you can afford the home.


6) Be Pre-Approved for a Loan

Get pre-approved for a loan. It'll give you an idea for how much a bank is going to lend you and put you in the right mindset for financing options.


7) A Comfortable Layout

You will want to have the right number of bedrooms and bathrooms, whereas having a swimming pool might not be necessary.


8) A Solid Home Value

Get an idea of the home’s value. You can do this by seeing what other houses in the area have a value of. You’re going to want your home to have a value that will pay off in the long run.


9) Well-Ranked School District

If you have kids or plan on having kids, know what the school district is like. Your kids should go to a good quality school, somewhere close to home.


These 10 tips to consider when buying a home will make the hunt more successful. Buying a home is a lengthy process and you will want to pay attention to all detail.


Got more questions about buying a home?

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411

Posted on May 5, 2016 at 10:53 pm
Metro Denver Office | Category: Buying A Home, WMDRE Blog

7 Surprising Predictors for Denver Metro Housing Prices

colorado marijuana

With 2016 upon us, home buyers and owners want to know which way prices are headed. In Denver metro neighborhoods, will valuations continue going up or have they peaked and are on their way down? To read the tea leaves, you can check out the latest jobs reports, compare other markets, or read economists’ predictions. But insights can also be found in the most unusual places (courtesy of

We’ve rounded up seven surprising indicators of change in home prices:

Gas Prices

When gas prices fall, home prices go up and sell faster! That’s because spending less at the pump increases consumers’ confidence as they have more disposable income. Plus it cuts the listing broker’s travel expenses to properties, so they can market more aggressively and will have more showings. Studies show for every $1 decrease in gas prices, home prices spike by roughly $4,000!

Trader Joe’s and Whole Foods

The two great foodie superstores are the affordable gourmet market Trader Joe’s and the pricey, environmentally-conscious Whole Foods. Living near either market, your home will significantly trump the national average home value. However, homes near Trader Joe’s are actually worth 5% more than those by Whole Foods (according to RealtyTrac).

Sports Facilities

Living in walking distance to the big game is a definite property score. Studies show a residential housing unit that’s just one mile closer to a professional sports facility will go up by $793. But within a four mile radius, prices remain the same high level.

Marijuana Legalization

Since Colorado opened doors for recreational sales in January 2014, housing prices have climbed by 20.4% (compared to the 15.2% across the nation). The legalization has triggered people to relocate to Denver, which may have pushed up real estate values.

Temperature change

Global warming affects not only nature, but also our the real estate market. The National Association of Realtors® discovered over the past four years and found when temperature rose by 3 degrees, home prices did not significantly gain. Colorado has some climate change concerns, as you can read from this article in the Boulder Weekly.

Highway Proximity

Living near a freeway can be a boost to home values. A case study done with an Arizona highway showed average sales prices appreciated for properties within 5 miles was higher than the whole metropolitan area. Of course single-family homes that were too close to the freeway (within 0.5 miles) did not have a higher valuations.

Trees-Lined Streets

Naturally neighborhoods with more stately, mature trees have an additional charm and usually more expensive homes. A recent study found properties on these kinds of tree-lined streets fetched an average $7,130 more.


Are you planning to buy or sell in 2016?

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411



Posted on December 17, 2015 at 6:16 am
Metro Denver Office | Category: Buying A Home, Selling Your Home, WMDRE Blog

Five Revelations First Time Home Buyers Need To Know

young buyer

For renters in the Denver metro area, this fall is a great time to buy! Competition is dying down which allows more “wiggle room” for negotiations and inventory has remained fairly steady.

But when it comes to buying your first home, there are some big insights which can make your journey less daunting or surprising. recently published some great tips we couldn’t help but concur:

#1 Your mortgage loan can change

Right up to the closing table, the mortgage loan you were approved can shift. There are a lot of different reasons for this: the originating bank may not like the purchase price, you’ve changed jobs or needed to buy a new car. Nothing is final until you’ve officially signed the sales documents and are handed the keys!

#2 Go through your closing costs in detail

When you are approved for your loan, it’s easy to forget about the expenses you’ll be responsible to pay when the transaction occurs. Be sure you keep understand the closing costs. They will be updated every time you receive new loan documents.

#3 Plan to spend time and money on repairs

During the home inspection, you will receive a list of problems and repairs. Consider how hot Denver metro’s market has been, sellers have been less inclined to pay for these costs. This means after purchasing the home, you’ll need money to handle repairs (especially for any possible structural or healthy-related concerns). If the sellers’ offer is simply beyond your comfort zone and budget, you need to prepare to walk away from the deal.

4# Visits the home more than once

While the best deals on the market will go fast, as a potential buyer it is still your right to see a home more than once. After all a second look can help you make important decisions when you are negotiating.

5# Neighbors can make or break your homeownership

Especially if you are looking at purchasing a condo or townhome, neighbors and the surrounding community can have a major impact on of your life. So take extra time to look at the neighborhood or building. Feel free to ask residents questions. These people maybe a part of your world for years!


Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411



Posted on September 9, 2015 at 8:25 pm
Metro Denver Office | Category: Buying A Home, WMDRE Blog

Denver’s 10 Best Suburbs for Young Professionals

Bike & Beer

For professionals between 22 – 29 years old, the Denver metro area is a perfect place to work and play! While there are numerous areas to put some roots, Movoto ranked the top ten cities.

10) Louisville

The scenic suburb of Louisville is great for nature enthusiasts! Davidson Mesa and Heritage Park are popular for walking, biking, and other outdoor fun. 12 Degree Brewing and Lulu’s BBQ and Louisville Street Faire are local favorites.

9) Greenwood Village

Life in the affluent suburb of Greenwood Village is perfect for young professionals into the chic and modern lifestyle. The Sportsbook Bar & Grill, Village Shops at the Landmark, Wooden Table and Pho Lee and Cuba Cuba Sandwicheria are popular hubs.

8) Broomfield

If you’re planning ahead to settle down, Broomfield has a lot to offer families. Broomfield Sculpture Trail features great public art. Rock Creek Farm, Bay Aquatic Park, Loftea Café, La Casa Del Burrito, the Colorado Keg House and Wonderland Brewing Company are local highlights.

7) Longmont

Longmont has lots of great starter homes and townhomes. 11% of the community are young professionals (and growing)! There are numerous city parks and amenities like Hover Park, Golden Ponds Park & Nature Area, Ziggi’s Coffee House, Left Hand Brewing Company and 2020 Food and Wine Bar.

6) Westminster

Westminster is a blend of the urban and suburban life. Bachelor degree holders earn an average: $57,110. Golfers enjoy Legacy Ridge and the Heritage at Westmoor courses. Standley Lake is popular for hiking, boating, and fishing. Local foodies enjoy Goody’s Eatery, Sakana and Bitto Bistro.

5) Littleton

As one of Denver’s oldest suburbs, Littleton has tons of amenities mixed with a little history and excellent neighborhoods. Events happen year round like Littleton Main Street Block Party, Old Western Welcome Week, Art Walks and etc. Historic downtown Littleton and Aspen Grove Lifestyle Center are filled with shops, fine dining, a museum and theater.

4) Wheat Ridge

With plenty of single-family homes and the city’s massive development, Wheat Ridge has become a hot new area for young professionals. Foodies love iPIE, Iron Rail Tavern and Colorado Plus Brew Pub. Walkers and cyclists flock to Discovery Park, Crown Hill Park and Wildlife Preserve. The Annual Carnation Festival and Ridge at 38 are also big attractions.

3) Lakewood

Lakewood’s affordable homes are great for professionals moving to the suburbs. Art and culture enthusiasts can enjoy regular performances at the Lakewood Cultural Center. There are several large shopping centers, including nearby BelMar.

2) Lone Tree

This South metro suburb is an oasis away from the city life. The Vistas at Park Meadows is one of the best shopping areas in Denver. Lone Tree Arts Center and Golf Club only scratch the surface of the numerous amenities in the area.

1) Boulder

Young professionals dig Boulder. 19% of the residents are between 22-29 years old! As a small, vibrant city surrounded by some of Colorado’s best amenities and parks, it has become a national mecca for young professionals. In fact Google just broke ground on a new 100,000 square foot building for 1,500 tech employees!


Looking for the right suburb for you?

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411



Posted on July 27, 2015 at 3:31 am
Metro Denver Office | Category: Buying A Home, Colorado Lifestyle, WMDRE Blog

How to win a house offer? Have the right people and approach.

excited news png

Denver's housing market may be crazy, but it is still possible to buy.

When sellers received more than a dozen bids in a matter of days, needless to say, you're in a crazy competitive housing market! Though approved FHA financing is good, cash offers are still hard-to-resist for sellers in bidding wars and above-list sales.

But there’s still hope. As real estate brokers we agree with Denver Post's recent article: it's still possible to buy a home in the Denver metro area — and that includes those without $300,000 in cash.

The right people

Having the right team around you makes a big difference when looking for home. Hiring a local real estate agent who knows the neighborhoods you're considering (and has good networks to search out listings before they hit the market) will work to your advantage. You have to have an expert advocating for your needs!

Working with a reputable lender will also help elevate your offer. After all a seller wants to go under contract with buyers who will make it to the closing table.

The right approach

Using the right search tools is a must in this aggressive market! is highly recommended because it draws from the same database brokers use to list their properties. It’s also updated faster than national sites like Zillow or Trulia.

Since we’re in a seller's market, keep your terms flexible. Being more open to negotiations can help your offer more appealing to sellers. Use a salesman approach when you make the offer: adjustable closing dates, contingencies and etc. Whatever you can compromise on or sacrifice will be worth it if to win the right home for you!


Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411




Posted on June 15, 2015 at 5:58 am
Metro Denver Office | Category: Buying A Home, WMDRE Blog

Colorado’s Real Estate Challenges

Abstract of New Home Construction Site Framing.

Colorado's Fast Recovery Brings Growth And A Housing Crunch

It's amazing how the 2008 recession is still impacting the real estate industry! Here are a few factors which are making the market challenging.

Housing Supply

Before the crash 35,000 to 40,000 new housing units were being built per year in Colorado (according to Community Radio of North Colorado). During the recession we dwindled to an average of only 9,000 units. The numbers stayed low for a few years, putting inventory at a major deficit. Once our population began to grow, housing became an issue. Most counties from the Denver Metro area northward saw growth around 1.5 percent or more.

Builders' Caution

So to ease the pressure of the real estate crunch, developers need to build new houses as fast as possible. However lots of builders are being cautious. After all the memory of how their industry was financially devastating just five to seven years ago won't go away quickly. Many companies now prefer to build homes only if buyers are already under contract. This practice creates security for them, but the supply of homes remains low, which is causing prices to increase.

Income Averages

Wages are also another issue. As housing prices (both renting and buying) are climbing, incomes need to catch up. When people spend more of their income on housing, they spend less on expenses like eating out and buying clothes.


So how can you navigate the challenges of Denver's real estate market? You need a local expert by your side!

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411



Posted on April 15, 2015 at 1:26 am
Metro Denver Office | Category: Buying A Home, WMDRE Blog

Record-breaking Snow Can’t Slow Down the Denver Metro Market!

home stats

While heavy snows seemed to bury our city, home sales in February stayed HOT. Properties continued flying off the shelves, showing buyers will brave the weather and higher mortgage rates to find the right home in our seller’s market.

According to (our state's largest multiple listing service) 4,537 new listings hit the market last month. That’s 14 percent more than January’s inventory. Buyers pounced on the opportunity as February sales also increased by 13 percent (2,832 homes) while 5,177 properties went under contract (up by 15 percent from January). In total 5,087 homes were for sale (a 1 percent decrease from January). Compared to February of 2014, there was 25 percent less inventory this year.

While our team listed more homes and could show more options to our buyers, the market’s lack of inventory remained a challenge. Undoubtedly it is contributed to rising average home prices and the lowering average days on the market.

The Denver Metro Association of Realtors’ own report, which covered a smaller area than, had similar findings: February had a record low of 4,079 active listings despite the 13 percent boost in our inventory. DMAR reported:

  • 4,240 homes entered the market
  • 4,077 went under contract (a 16 percent increase from January)
  • 2,667 homes closed at an average sales price of $295,900.

So as you can see it is not too early in the year to list your home! One of our brokers will expertly navigate you through the process of marketing, negotiating, handling multiple bids and etc. If you are looking to buy, our team can help you save time searching for the right home and location. And in such a competitive market, you will want a successful agent by your side!

Looking for a real estate agent?


Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411




Posted on March 9, 2015 at 5:42 pm
Metro Denver Office | Category: Buying A Home, Denver Real Estate Market, Selling Your Home, WMDRE Blog

Mortgage Basics 101

When you need to get a mortgage, you will have a lot of questions all about what a mortgage is, how it works, how it can help you, and many other questions that can seem quite confusing at first. You will want to choose a loan that fits your needs in order to get the correct loan. Here are some mortgage loan basics to help you get the right loan.

Paying for a home can add a substantial amount of net worth to your financial situation. Homeownership is an individual’s greatest accomplishment, as money paid in a house generally can create extra money in the long run, gaining money when you sell it many years later. With a mortgage you can ensure that you keep your home and have an excellent credit score along with that.

There are two categories for mortgages: fixed-rate and adjustable-rate mortgage. Within these two categories there are a large amount of variations. Fixed-rate loans are often chosen as they are steady and predictable, which makes for easier budgeting especially when you are already in a tough financial situation. Adjustable-rate mortgage are initially lower, but can increase over time. Knowing how the real estate market is will help you decide which type of rate mortgage to get. If the market increases and you have a fixed-rate you could essentially be paying higher payments than if you would have had an adjustable-rate mortgage.

You have to take all payments into consideration when figuring out a mortgage loan. This includes the down payment and closing costs, as well as utility bills, and any emergencies that could arise. There are underlying components that go with a mortgage loan, typically principal and interest. Principal is the amount of money originally borrowed and interest is a fee charged for borrowing the money. Although the payment will remain the same over time, what the payment is made up of can vary between the interest and the principal.

All mortgages include real estate taxes and insurance, which is necessary when owning a home. The property tax is created by the amount of taxes there are on the property and the number of monthly payments. Insurance will include property that protects the home from fire, theft and any other disasters.

You also have to put a down payment on a home, which is typically 20%. Closing costs and other expenses are important in a mortgage as well. Recurring and non-recurring costs can vary the cost of the mortgage as well.

When you are getting a mortgage, knowing exactly what you will be paying for with the mortgage will give you a better understanding of what to expect out of the mortgage.


Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411

Posted on November 20, 2014 at 12:50 pm
Metro Denver Office | Category: Buying A Home, WMDRE Blog

What You Should Know About Buying a Short Sale

Although the number of short sales and foreclosures has gone down as the real estate market has improved, they are still on the market. If you find yourself looking at a short sale, what can you expect with this kind of transaction?

A short sale is a transaction where the bank lets the delinquent homeowner sell the home for less than what is owed. The borrower then finds an agent and puts the house on the market at a large discount. This saves the lender the expense of a foreclosure and possible long-term cost of owning a foreclosed home that is hard to sell. A short sale is better than a full-on foreclosure for the homeowner. It also looks better for the person looking to buy the home. A buyer is then able to purchase the home at a lower price than what it would sell for if it weren't a short sale.

Even though it takes the bank agreeing to sell the home for less than the value of the current loan, short sales most often have the most cost-effective option for the bank. The bank will typically offer a lower interest rate or other buyer-friendly terms so that the property can sell and the bank can avoid any unnecessary expenses. This gives the buyer better financial options.

Short sales tend to take a long period of time, warding off other buyers who need to buy a house quickly. This lowers the competition and makes it easier to get the property at a lower price. With less competition, a buyer has a better chance at avoiding counteroffers and getting the short sale to process quicker.

The lender is eager to get their money back during a short sale, so buying a short sale home benefits the buyer because the lender is going to offer the home at a lower price. An experienced agent can help guide the buyer during a short sale to ensure everything is moving as smoothly as possible.

One of the concerns with buying a foreclosed home is that the previous owner is more likely going to ransack or destroy some of the property. In a foreclosure, the owner is still living in the home, giving them the chance to destroy the place during that period of time. Short sales are still occupied, but the owner is less likely to destroy the property because they are getting help with selling their home through short sale.

A short sale helps the lender, borrower, and potential buyer in many ways. The lender is able to get their money back in the long run, while the borrower is being assisted in their financial situation and the buyer gets the home at a lower price. Potential buyers need to be patient and cautious with the short sale process in order to benefit from it.

Check out our blog for more tips or contact us for advice:

Windermere Metro Denver Real Estate

(720) 643-4411

Posted on November 10, 2014 at 8:10 am
Metro Denver Office | Category: Buying A Home, WMDRE Blog