Tag Archives: First Time Home Buyers

Home Buying in Colorado, Housing Helpers

Five things home buyers should never do

Buying a home is stressful, and there are many things that could easily go wrong. Before you begin your house hunting, make sure to know the dos and don’ts of buying a home.

Here are five things home buyers should never do.

1) Increase Your Budget

Once you begin house hunting, you will come across some “dream homes” that send your budget soaring! Before you set off on your hunt, make sure to sit down and find a budget that works for you.

Keep in mind that additional costs and fees may be factored in during the buying process, so save room for fluctuation.

2) Settle For Less

It’s important to know what you and your family want in a new home. Make a list of features that are most important to you, and prioritize them ahead of time. This will help you understand which homes you can weave out, and which ones might be a good match.  If you find yourself really debating a purchasing decision, then don’t settle for less than what you aimed for, there are plenty of homes to choose from.

You don’t want to settle for a home that doesn’t fit well with your lifestyle.

3) Find The Cheapest Inspector

The inspection is a vital part of the home buying process.  If you don’t invest in someone who will take the job seriously, or who might not have the best experience, then you might find yourself stuck with a home that has a lot of problems that your inspector failed to find in the first place.

Finding the right inspector who will check every nook and cranny of your soon-to-be home could save you money in the long run.

4) One Realtor

Not all realtors are perfect. If you are having a difficult time with your realtor, whether they don’t work with your schedule, aren’t finding ideal homes, etc., then don’t be afraid to move on to someone new. Remember, this is a home that you will be living in for quite some time, you don’t want to miss out on opportunities because your realtor was not a good match.

A good realtor should make you feel that your searches were worth it, and if you find yourself clashing with them, then it’s ok to get help elsewhere

5) Make Large Purchases

During your home buying process, your credit score will be viewed. Make sure to hold off on making large purchases, such as a car, boat, or flat screen TV, until your new home is a done deal and you have the keys in your hand.

Your credit score can fluctuate depending on what you buy, and you don’t want to ruin it right before you close on the perfect home!

If you need more help with buying a home in Colorado, please feel free to contact Housing Helpers Colorado real estate agents.

 

Boulder Real Estate Agents          Homes For Sale in Boulder

Real Estate Trends

Real Estate trends show “Millennials” moving to urban locations

A recent national survey conducted by the New York Times suggests that the new generation of home owners is shifting its interests to a more urban-styled preference. The majority of those surveyed preferred attributes such as walkability, a wide variety of housing choices, and nearby shopping, restaurant and transportation options. This new wave of young adults, also known as the Millennials, differs drastically in their preferences compared to the many older residents from the baby boomer generation. How it will affect nation-wide real estate will be very interesting.

Why Such a Sudden Change?

The majority of this new generation is burdened with excessive student loan debt. This transfers to their city-like preferences in real estate because the demand for jobs is considerably higher in more populated areas. In addition, the amount of licensed drivers has dropped considerably in their generation so good walkability is a must when choosing a property to rent or purchase.

Victims of Hard Times

The Millennials are being compared to those who had to endure the Great Depression. The group consists of people who are 18 to 34 and must deal with a wide array of financial burdens. Beside the mounting college loans they must make payments for, the recession, rising unemployment rates and stiff competition for jobs make the younger generation comparable to the people of the 1930’s. It is hard to tell what direction the Millennials will branch off toward, but the amount of home owners for their age is dwindling. Perhaps small, inexpensive apartments are what they must deal with at the moment.

Rural Homes Are Not Going To Be Left in the Dust

While factors such as student loan debt, high levels of unemployment, and lasting repercussions of the recession drive people to search for homes located near urban areas, the Millennials are also interested in suburban developments. While there is a greater chance that younger potential home owners may be searching in the city, they will also be looking at suburban houses that many older residents from the baby boomer generation will be looking to sell. With everything said, there is not enough information yet about this recent shift in preferences. The Millennials are too new of a generation to conclude anything drastic about the real estate market.

Get Informed 

The real estate market is a continually changing industry. It is important to consult those who have valuable experience in the field, especially if you are going to be a first time home owner. Housing Helpers can assist you with buying a new home while offering you a diverse selection of properties to rent or purchase in Colorado. Top of the line advice concerning selling your home is also available. If you are interested in real estate, please do not hesitate to contact us at (303) 545-6000 and one of our Real Estate Agents will be happy to assist you with any questions you may have about our services.

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