Debra Reinhard Compass Real Estate

Good Information about Real Estate in the metro denver area

08/19/2024

Thinking about buying a home? It’s important to know how mortgage rates can affect your monthly payment. Because even a slight change in rates can have a big impact.

Overall, rates have been trending down lately. So, this could be your chance to make your move a reality. Send me a message today if you want to talk about starting your search.

How Mortgage Rate Changes Impact Your Homebuying Power 08/19/2024

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.

What’s Happening with Mortgage Rates?

Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors.

Things like the economy, job market, inflation, and decisions made by the Federal Reserve all play a part. So, even as rates go down, they can still bounce around a bit based on new economic data. As Odeta Kushi, Deputy Chief Economist at First American, says: “The ongoing deceleration in inflation, coupled with the Federal Reserve’s recent indication of potential rate cuts [in 2024], suggests an environment supportive of...

How Mortgage Rate Changes Impact Your Homebuying Power If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind.

3 Reasons To Move in Today’s Shifting Market 08/17/2024

The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Let’s connect to get started.

3 Reasons To Move in Today’s Shifting Market The housing market is in a transition. And that gives you 3 key opportunities going into the fall.

Photos from Debra Reinhard Compass Real Estate's post 08/16/2024

If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall.

1) Inventory is growing, giving you more options
2) Newly built homes may be more budget-friendly than you’d expect
3) Mortgage rates have come down from their peak last October

Want to talk about what this means for your move? DM me.

08/16/2024

You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.

08/15/2024

I am pleased to present my newest listing in Aurora.
This one bedroom/1 bathroom condo lives large!
The seller is offering a full buyers agent commission so come see it without worry!

08/15/2024

Did you know? You don’t always need a perfect credit score to buy a home.
Loan types and qualifications vary, so you may be closer to owning a home than you think.
If you want to explore options that might work for you, reach out to a trusted lender.

08/15/2024

Still looking for your new home? This 2 bed/3 bath home is ready for its new owner. Situated across from Rocky Mt Arsenal Preserve, views galore of nature and wildlife. Plenty of storage and a detached one car garage to protect your car from hail. My sellers are also offering a full buyers agent compensation fee to help you get into your new home. Don't Delay!

What Credit Score Do You Really Need To Buy a House? 08/15/2024

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan you're applying for and your...

What Credit Score Do You Really Need To Buy a House? When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

08/14/2024

Have you heard of the Great Wealth Transfer?

Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.

And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.

The Great Wealth Transfer: A New Era of Opportunity 08/14/2024

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes.

Impact on the Economy

But the Great Wealth Transfer doesn’t just impact housing. It’s also going to provide a new...

The Great Wealth Transfer: A New Era of Opportunity In recent years, there’s been a significant shift in how wealth is distributed among generations.

08/13/2024

Affordability has been a challenge for a while now.
There are three main factors that impact it: mortgage rates, home prices, and wages.
Here’s the good news. There are early signs that all three are starting to improve. Mortgage rates are coming down, home price growth is moderating, and wages are going up.
If you’re thinking about kicking off your search, DM me.

Is Affordability Starting To Improve? 08/13/2024

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Here’s a look at the latest data on the three biggest factors affecting home affordability.

1. Mortgage Rates

Mortgage rates have been volatile this year, bouncing around from the mid 6% to low 7% range. But there's some good news. Data from Freddie Mac shows rates have been trending down overall since May. When rates decline, it's easier to afford the home you want because your monthly payment will be lower. Just don’t expect them to go back down to 3%.

2. Home Prices

The second big thing to think about is home prices. Nationally, they’re still going up this year, but not as fast as they did a couple of years ago. As Odeta Kushi, Deputy Chief Economist at First American, says, “While housing affordability is low for potential...

Is Affordability Starting To Improve? Over the past couple of years, a lot of people have had a hard time buying a home.

08/12/2024

The gourmet kitchen says it all! This home was lovingly updated in 2018 and has higher end appliances, soapstone and marble counters and enough cabinets for all your kitchen needs. The home has 4 bedroom, 2.5 bath home sits on almost a half acre. The home boasts a large living room, dining room and of course the family room off the kitchen. Perfect for those get togethers. New carpet, new paint, its move in ready. The location is amazing, situated within Cherry Creek School district, close to Koebel library, shopping and restaurants. See for yourself today!

08/12/2024

Good news for all the buyers out there.

The supply of homes for sale has grown significantly this year. There are 36.6% more homes actively for sale compared to 2023. This means more options for you.

But this doesn’t mean we have an oversupply. Inventory is still almost 29% lower compared to more normal years like 2017-2019.

Are There More Homes for Sale Where You Live? 08/12/2024

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.

As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”

While we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market.

The supply of homes across the...

Are There More Homes for Sale Where You Live? One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Home Inspections For Sellers: How To Prepare 08/10/2024

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for. As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

Home Inspections For Sellers: How To Prepare If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.

08/10/2024

I am so grateful to my sellers for allowing me to sell their lovely home in Berkeley. They worked hard, cleaning, weeding the gardens and getting the home show ready. It wasn't all sunshine and rainbows, it took direct marketing to agents, open houses, ads etc... It takes hard work these days to prepare, launch and get a home sold. ALL WORTH IT ,so my sellers can move on to the next chapter in their lives.

08/10/2024

Come take a look at this 3 bed/2 bath Condo in Castle Rock. With a detached garage to protect your car from hail, newly updated paint/carpet/sinks etc...this is the one to see! Our newly adjusted price is $384900!
Call today for a showing!

Photos from Debra Reinhard Compass Real Estate's post 08/09/2024

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it?

Expert advice is key. Let's chat so you know what to prioritize.

08/09/2024

Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

08/08/2024

Thinking about selling, but not sure where you’ll go?

The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks.

So, which will you choose? A charming existing home or a shiny new build?

Let me know which features you’re looking for in your next home. Drop your answer below.

Where Will You Go After You Sell? 08/08/2024

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too.

So how do you decide which route to go? The choice is yours – you just need to figure out what’s most important to you.

Here are some benefits of buying a newly built home right now:

>>Have brand new everything with never-been-used appliances and materials
>>Use energy efficient options to save money and leave a smaller footprint
>>Minimize the need for repairs and benefit from builder warranties
>>Take advantage of builder concessions that can help with affordability

Ralph McLaughlin, Senior Economist at Realtor.com, shares, “Homebuyers who are looking for that ‘new-home smell’ may be in a relatively friendlier market than times past when new...

Where Will You Go After You Sell? If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.

08/07/2024

Have you heard the good news?

Mortgage rates are down a full percent from their recent peak.

And if higher rates were the biggest thing keeping you on the sidelines, this may be exactly what you were waiting for.

If you’re ready to jump back into the market, DM me.

Mortgage Rates Down a Full Percent from Recent High 08/07/2024

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.

After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac, they’re now at a level we haven’t seen since February.

Maybe you’re seeing this and wondering if you should ride the wave and see how low they’ll go. If that’s the case, here’s some important perspective. Remember, the record-low rates from the pandemic are a thing of the past. And if you wait for mortgage rates to drop further, you might find yourself dealing with more competition as other buyers re-ignite their home searches too.

In...

Mortgage Rates Down a Full Percent from Recent High Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

08/06/2024

Homebuyers are getting a bit more negotiating power these days.

And if you're buying or selling, it’s helpful to know what’s up for negotiation so you go in prepared.

From prices and repairs to closing costs and appliances, there are various levers you can pull during the deal.

If you want someone to help navigate these conversations and advocate for you, DM me.

Helpful Negotiation Tactics for Today’s Housing Market 08/06/2024

If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate.

Whether you’re looking to buy or sell a house, here’s a quick rundown of potential negotiations that may pop up during your transaction. That way, you’re prepared no matter which side of the deal you’re on.

What Can You Negotiate?

Most things in a home purchase are on the negotiation table. Here’s a list of just a few of those options, according to Kiplinger and LendingTree:

• Sale Price
• Home Repairs
• Fixtures
• Closing Costs
• Home Warranties
• Closing Date

One thing is true whether you’re a buyer or a seller, and that’s how much your agent can help you throughout the process. Your agent is your go-to for any back-and-forth. They’ll handle the...

Helpful Negotiation Tactics for Today’s Housing Market If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market.

08/05/2024

Right now, over 2/3 of homeowners have at least 50% equity in their homes.

And that much equity can go a long way toward buying a new place.

Curious about how much equity you have? I can walk you through a Professional Equity Assessment Report on your house. Drop a comment below if you’re interested.

What Every Homeowner Should Know About Their Equity 08/05/2024

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

Recent data from the Census and ATTOM shows Americans have significant equity right now. In fact, more than two out of three homeowners have either completely paid off their mortgages.

Today, more homeowners are getting a larger return on their homeownership investments when they sell...

What Every Homeowner Should Know About Their Equity Curious about selling your home?

3 Reasons Why We’re Not Headed for a Housing Crash 08/03/2024

Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.

3 Reasons Why We’re Not Headed for a Housing Crash Back in 2008, there was an oversupply of homes for sale.

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Videos (show all)

Reasons To Move in Today’s Shifting Market
Confused about realtor fees? I am happy to walk you through it!
Home Inspections for Sellers: How To Prepare
3 Graphs That Show We’re Not Headed for a Housing Market Crash
Unlocking the Benefits of Your Home Equity
The Biggest Mistakes Homebuyers Are Making Right Now
How Do Presidential Elections Impact the Housing Market?
What To Avoid After Applying for a Mortgage
Housing Market Forecast for the 2nd Half of 2024
The Downsides of Selling Your House Without an Agent
This 3 bedroom/2 bath penthouse condo is ready for its new owners.  Updated flooring, carpet and paint make this the one...

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4643 S Ulster Street Suite 500
Denver, CO
80237

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