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Everything You Need to Know About Appraisal Gaps

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With mortgage interest rates remaining low compared to historic averages, many people are financing their home purchases – a move that makes a lot of financial sense.

Whenever you buy a property and intend to take out a mortgage on it, whether it be a house, condo or cooperative, all mortgage lenders will require an appraisal, which is an unbiased estimate of the true or fair market value of the property. All lenders order an appraisal during the mortgage loan process so that there is an objective way to assess the home's market value, and ensure the amount of money requested by the borrower is appropriate.

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January 2022 Market Report

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Join us as we take a quick look back before moving into what’s to come in 2022. Throughout the year, we experienced incredibly fast turn-around times from market to sold status. In fact, on average, over 80% of homes were selling in less than 30 days. Starter homes became as much a challenge to find as getting an offer to purchase accepted was! Buyers wrote love letters to accompany their purchase offers, offered higher price levels, hoping to sway sellers to accept their bid over the competition.

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Here’s What Must Stay and What Must Go When Selling Your Home

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Moving day is getting close, and you’re all set with boxes, tape, and a truck. But before you begin packing everything in your home, it can be helpful to know which items typically stay with the house and which items you should take with you. Use this list to help make your move easier and avoid potential conflicts with the homebuyer and buyer’s agent.

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What’s the Difference Between Prequalified and Preapproved?

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The homebuying process comes with a language all its own, and two of the terms you may have heard are prequalified and preapproved. While both can be essential parts of obtaining a mortgage and buying a home, you may not know what they mean. Check out the information below to learn how each term may benefit you during your home search.

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Your 2022 Homebuying Game Plan

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Over the past year, the real estate market has been marked by unpredictability and, at times, overheated competition. This has resulted in some buyers bowing out after one too many disappointments while other potential buyers put off their home-buying plans, hoping that things would settle down.

Whichever type of buyer you are, you may be thinking ahead to the new year and planning to begin a search for a new home. If so, it’s vital to prepare yourself for the challenges—and opportunities—that lie ahead.

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Will Housing Inventory Increase in 2022?

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If you’ve been following the real estate market, you probably know that it has been many months since buyers and sellers enjoyed anything like business as usual, with record-low interest rates and inventory in markets both large and small. But now we may be able to envision a return to a real estate market that’s a little more like normal.

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Tips to Prepare Your Home for a Winter Storm

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Depending on where you live, dangerously low temperatures and mounds of snow are par for the course during the winter. Not only can a winter storm impact our daily lives, it can also do a number on our homes.

While we can’t put a halt on the change of seasons, we can take the proper measures to ensure that our homes are prepared for whatever Old Man Winter has up his sleeve.

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December Residential Market Report

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Ho Ho Ho Housing is on our minds this holiday season, and the number 1 priority on people’s Wish List right now is the desire to have MORE SPACE!

For a lot of us, it's still hard to believe summer is over and the clocks have already rolled back. But it is December and the holiday season is well underway. Seeking to fulfill that hope of more living space in the Colorado front range this November 6069 people were thankful to purchase and close the sale on their new home from among the 4381 being offered. Crossing this one BIG ITEM off their To-Do list took place with an average 23 Days on Market. If you want to call the Colorado front range your home, don’t waste any time. Contact your local RE/MAX Alliance office and get started by checking out some of the homes available for sale with one of our leading Broker Associates right away!

If you or someone you know is in the market to buy or sell real estate, I would appreciate the opportunity to earn the business. Thank you!