Denver CO Real Estate Blog by Brittany Brennan, Realtor

Is It The Right Time For You to Buy?

There are a lot of factors that go into purchasing your home. Follow the Flowchart below to see if you are on the right path towards Home Ownership. 
Email or Call Me With Your Results: Brittany@ThriveDenver.com; 303-479-4724. 
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Rates Have Dropped for the Second Week in a Row, What Does That Mean for Buyer Demand?

For the second week in a row, mortgage rates have dropped which is great news for both prospective buyers and sellers. 🎉 What should we expect as we see this slight shift? 
Mortgage Applications are up two weeks in a row signaling buyers are re-entering the market and taking advantage of current opportunities. 
Home prices have decelerated for the sixth straight week, meaning that they rose, but at a slower pace than before.
Inventory is up but it is primarily homes that have been on the market for 30+ days with less new listings coming to market right now. 
Overall, buyers have opportunity right now if they find the right home and are comfortable with their monthly payment. I am expecting to see buyer demand increase come springtime if rates hover around 6% or less. Now is still the time for Value and Negotiating Power in our Market. 💪
 
Read The Full Article Here: 

When is The Best Week to Purchase a Home???

The best week to buy a home nationally is..... September 25- October 1st. Would you have guessed that?

Those are national numbers but still ring true in the Denver Metro Market. Here are a few factors that contribute to this week specifically:

- Historically shows the best Balance of market conditions that favor buyers
- Inventory tends to be higher
- Typical seasonal trend expects this week to have 9.5% more active listings than the average week
- Prices are below peak levels (Denver prices typically peak in June each year.)
- Demand is waning due to kids in school, changing weather patterns and fall activities/sports start to take priority over house hunting
- Market pace is at a more manageable speed

Check out more here:
https://www.realtor.com/research/best-time-to-buy-2022/?distinct_id=cPciA8PPV4&user_email=brittany%40thrivedenver.com

If you are interested in taking advantage of this time of year, let's plan a strategy call to align your goals with timing the market.

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Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Fluorescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.

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