The Denver real estate market has some good news for buyers!
Denver real estate market July 2017
The residential inventory in the Denver real estate market has begun to loosen up over the last few months. In July inventories were up over 8% from the previous month. While the additional inventory could be an indicator that the Denver real estate market is becoming more buyer-friendly, national housing experts do not believe housing prices will drop quite yet.
Because housing inventory is up in the Denver real estate market, if you are a first time home buyer now is the time to take action! If you are seriously considering buying a home listed below are some things to start thinking about in your search for your new home.
Determine how much you can afford for a monthly house payment. And don’t forget to budget for a down payment and closing costs. In addition it is a good idea to set aside money for after you move into your new home for new appliances, window coverings and other miscellaneous items that you will need.
You will need to begin to research the different mortgage options and which one will be the best for your particular situation. In addition you will need to compare rates from the different lenders before making your decision.
These are all important actions in your planning for your purchase of a new home. You will also need to determine what type of house you want to buy. Single family residence, condo, townhouse? And one of the most important decisions will be location. Just a few considerations will be neighborhoods, schools, and commute time.
The good news is that your realtor has the knowledge and expertise to help you in making these important decisions. Marilyn Van Steenberg and her agents are available to assist and support you through the home buying process. You can contact them today to start your search for your perfect house!