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What Times of Day to Visit A Home on the University Hills Real Estate Market


August 16, 2017

Buying a home on the University Hills real estate market is a huge investment, so this is not a decision that you should take lightly. Before making an offer, you should do research on the neighborhood, discuss fair prices with your real estate agent, and of course, visit the home multiple times. In fact, there are certain times of the day that you should swing by your potential new home before submitting an offer.

8 a.m.

Wake up a little earlier than usual and head to your potential new home around this time on a workday. Then, begin your commute to work to see how long it will take you to get there from your new home. Is there a lot more traffic than you expected? Are there any other routes you should try? Figure this out before you buy the house so you don’t get stuck with a long commute. Take a look at the field guide to commuting and the home buying decision.

Before starting the commute, roll down your window and listen for traffic. If your home is by a major highway, the sounds of rush hour traffic may be much louder than you expected.

Midday

If you can, try to visit the house at some point during the middle of the day on a weekday. First, listen for sounds of construction. You may not have realized that the city was performing major construction on a road nearby, and this may be a deal breaker, depending on how much time you spend at home in the middle of the day. While you’re around, pay attention to how many cars there are in the driveways. You may feel more secure living in a neighborhood where there are some people at home in the middle of the day.

2-3 p.m.

Drive through the neighborhood at this time on a weekday to see if there are a lot of kids walking home from school and school buses driving through the area. If you have children, you may want to see a lot of kids because that means it’s safe for your children to walk home as well. However, if you don’t have kids, a neighborhood full of children could lead to a lot of unwelcome noise.

After Dark

Finally, visit the neighborhood at night preferably on a Friday or Saturday. This is a great way to determine if you will be bothered by loud neighbors who host rowdy parties. Don’t just listen for noise—look for lights and cars in the driveway, too. If everyone is home and there are only a few lights on within the home, you’ve probably stumbled upon a quiet neighborhood full of families.

Are you ready to buy a home in University Hills? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. It doesn’t matter whether you’re looking for an older or newer home—we can help you find the perfect one!
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What to Ask A Home Inspector in University Park in Denver


August 9, 2017

Before officially closing on a home in University Park in Denver, it’s imperative that you pay for a home inspection. An inspection will reveal any hidden issues with the home that could affect the sale, including the presence of mold, water damage, or structural damage.

It’s important that the inspection is thorough so you don’t have to worry about these issues arising once you’ve moved in.

For this reason, it’s best to take your time finding an inspector that you trust to look at your home. Here are some questions that you should ask an inspector before hiring him:

Can I come to the inspection?

Inspectors shouldn’t hesitate to say yes to this question unless they have something to hide. There’s no reason why you can’t be at the inspection, and being there will actually be beneficial to you because you will have the opportunity to ask questions about what he finds.

How much experience do you have?

The more experience an inspector has, the more likely it is that he will catch hidden problems within the home. Ask him how long he has been inspecting homes in the area so you get a better idea of how much experience he has before hiring him.

Have you ever discovered a major issue during an inspection?

Ask the inspector to tell you about a time that he uncovered a huge issue with a home during a routine inspection. What was the issue and was it difficult to detect? How did the inspector spot it? Hearing the answers to these questions will help you understand how committed he is to his work. If he’s never uncovered an issue like this, it means he is either inexperienced or not very good at doing his job.  See 10 questions to ask when hiring a home inspector.

What type of report do you provide?

Once the inspection is complete, the inspector must send you a formal report with information on what he found. The report that he provides you should be easy to understand and thorough so you don’t have any questions as to what was discovered during the inspection. Before you hire an inspector, ask to see a copy of the report he provides to clients. If the sample report is hard to understand, you may want to choose another inspector that will be easier to work with.

What do you charge?

If you are satisfied with the inspector’s answers to the questions above, the final question should be about his fees. You should never choose an inspector based on price alone. Remember, a lower price often indicates a lower quality of work. However, you don’t have to choose the most expensive inspector either. Make sure price is one of the factors that you consider when choosing an inspector, but don’t make it the only factor.

Are you ready to buy a home in University Park? If so, get in touch with the professionals. Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey.
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How Long Does it Take to Buy A Home in Observatory Park?


August 2, 2017

If you know that you want to buy a new home in Observatory Park in the near future, you may be wondering when you should start to search for the right house. For example, if you’re currently in a rental property and your lease ends in six months, is it too early to start looking now? How far in advance should you begin your search? Here’s a general overview of how long it may take to find and buy the right home:

Pre-Approval

Before you start looking at homes, you will need to speak with a lender and determine how much they are willing to loan to you. This is a process known as pre-approval, and it’s an important step in the home buying process. You will need to supply the lender with income, employment, and debt information so they can calculate what kind of loan you qualify for. Getting pre-approved can take as little as a week if you have the paperwork ready and respond to the lender’s requests in a timely manner. However, if you aren’t organized, it can take around a month to finish. How long does it take to get a loan?

Looking at Homes

People see an average of 10 homes before finding one that they want to buy, but this number can vary greatly depending on the current market. It will probably take several months for you to look at 10 homes in person, given that many sellers and buyers prefer making appointments on the weekends instead of during the workweek.

Submitting an Offer

Once you let your real estate agent know that you are interested in a home, he should be able to draw up the paperwork within a matter of days. Then, all you have to do is review and sign the paperwork so he can submit it to the seller’s agent.

Closing the Deal

The longest part of the home buying process is often closing the deal. As soon as the seller accepts your offer, a closing date will be set, but this could be months away. During this time, you will need to arrange for a home inspection, secure homeowners’ insurance, get the property appraised, and ensure that the lender has all of the documents he needs to officially approve the loan.

If you need to move into the home as soon as possible, you can always ask the seller for a quick close when making an offer on the home. There’s no guarantee that he will accept your proposal, but it’s worth a shot.

Are you ready to buy a home in Observatory Park? Now that you know how long it will take, you should know when to get in touch with the professionals. Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. If you’re just beginning your search, talk to our team to find out how far in advance you should start looking at homes.
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Benefits of Buying an Old Home in University Park in Denver


July 26, 2017

Many buyers who are looking for a home in University Park in Denver specifically ask for new construction. Buyers often think that new construction is more desirable than older homes, but that’s not always the case. Here are some of the many benefits of buying an older home:

Less Expensive

In general, older homes are priced lower per square foot than newer homes. If you’re on a tight budget, look for homes built prior to 1970 so you can get a better deal. Of course, work with a real estate agent so you can make sure you don’t end up with a home that is priced low because of the amount of work that needs to be done in it.

Location

Older homes are typically located in the center of the city, whereas newer construction is usually located on the outskirts of town. Buyers who want to be close to the action in Denver should consider looking at centrally located older homes instead of limiting themselves to newly constructed homes.

Bigger Lots

Land has increased in price over the decades, so today’s developers split a large piece of land into small lots to maximize the amount of money they can make. However, before land became so expensive, developers built homes on larger lots. This means older homes tend to have more space in the front and back yard, which is perfect if you’re looking for a family home where kids can play outdoors. If this is important to you, you may want to give older homes on the market another look.

Interesting Designs

There are a number of different styles of older homes, including Victorian, Colonial, and Craftsman. These older homes may have unique features such as stained glass windows, sunken living rooms, or detailed crowd molding. However, newer homes tend to have simpler designs that will appeal to a wide range of buyers. If you want a home with character, an older home may be the best choice for you. Learn about 26 popular architectural home styles.

Investment

Old homes that have been taken care of over the years are in high demand, so buying one now is a great investment. In fact, as developers continue to tear down old homes to make room for newer homes, the supply of old homes will become even smaller and your home will become more valuable.

Better Construction

Believe it or not, some older homes are constructed better than new homes. This is because many older homes were built with plaster and lathe instead of drywall, which is not as structurally sound. Because of this, older homes built with plaster are sturdier and more insulated than newly constructed homes.

Are you ready to buy a home in University Park? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. It doesn’t matter whether you’re looking for an older or newer home—we can help you find the perfect one!
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What to Expect After Making An Offer On Lowry Real Estate


July 19, 2017

So, you’ve been pre-approved for a mortgage, found the home of your dreams, and submitted an offer to the seller.

Now what?


There are three outcomes that you can expect after submitting an offer on a home that is for sale on the Lowry real estate market.

Here’s what you should know:

Outcome #1: Offer is Rejected

The seller could reject your offer if he believes that it is too low and not worth countering.

Sellers can also reject your offer if they don’t agree with one of the terms of the deal.

For example, the seller may only want cash offers, so if you are getting financing, he may not be interested in making a deal.

In a competitive market, a seller could reject your offer simply because he receives a better one from another buyer.

Outcome #2: Offer is Countered

Most of the time, if a seller is not satisfied with your initial offer, he will submit a counter offer instead of just rejecting it.

Although most counter offers include an increase in price, the seller could also counter other terms of the deal.

For instance, the seller may be willing to accept the sales price from your initial offer, but he may want to ask you to move up the closing date. A counter offer signals that the seller is willing to negotiate as long as you are willing to compromise.

If you receive a counter offer, you can either accept it or submit another counter offer and go back and forth with the seller until you both agree on a price.

You will need to work with a real estate agent to determine what you should do after receiving a counter offer from the seller.

Learn all about a real estate counter offer.

Outcome #3: Offer is Accepted

And the best outcome is saved for last...

There is the possibility that the seller will accept the first offer that you submit!

Once you hear that your offer has been accepted, you will need to work with your real estate agent to determine what needs to be done before closing.

Most buyers will need to finalize their financing agreement, secure homeowners’ insurance, and schedule a home inspection.

Buyers will also need to do a walk-through of the home before the closing date to ensure the property is still in good condition.

You will also need to prepare to pack your belongings, transfer your utilities, and move out of your current home.

It’s important to note that a deal is not finalized until the closing date.

Did you know…

Before closing, the deal can fall through at any time if one party gets cold feet. The deal can also fall apart if you aren’t able to secure financing or if unexpected issues arise during the home inspection.

It’s best to work with a real estate agent to avoid as many of these problems as possible, especially in a seller's market.

Are you ready to buy a home in Lowry? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you with your home buying or selling journey.
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