If a home inspection is in your near future, you may be curious as to what you should do to prepare. General upkeep and maintenance is important in having your inspection go off without a hitch, but there may be more to it than you think. Check all the items off this list and you’re likely to have less things come back as “problematic” upon inspection!
In August 2018, 8,228 homes were on the market in the Denver area, up 11.79 percent from last year.
“Over the past four years, we’ve experienced the strongest sellers’ market in recorded history,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “This past month, we saw available homes for sale increase to the highest level in four years giving buyers more homes to choose from.”
Still, Danyliw says market conditions favor the home seller and the next few months should see increased activity.
The highest priced single-family home sold in August was a $6,750,000 Larkspur property with 7,704 square feet representing four bedrooms and seven bathrooms, the report read.
Read the full Denver Metro Association of Realtors September 2018 market trends report here.
The Credit Union of Colorado is now offering a 100% mortgage package.
Here’s how it works:
The 100% Mortgage Package includes a 97% fixed rate 30-year first mortgage loan and an interest free second mortgage for up to 3% of the total loan to use as your down payment. These two loans work together to equal 100% financing for your first home. Make no payments on the second mortgage until you pay off your mortgage, refinance or sell your home.
Here are some of the benefits:
To qualify, a borrower must have a credit score at 700 or higher and total debt payments that don’t exceed 43 percent of income. Any property must be in Colorado and owner-occupied. Owners must take an online education course and pass a quiz.
Read the pros and cons of a 100% mortgage loan in the full article by The Denver Post here.
carolyn5280coloradohomes.net 