Denver Homes Market Report

In this episode, we first pitch my newest listing 1470 S. Quebec Way Unit 248 Denver Colorado. An amazing Townhouse coming to market this week. Then we dive into the recent On-line chatter you see where people post either that Realtors make too make too much money and that all we do is Open a door or plant an Open House Sign. Well, for some, that may be true. However, in todays episode, we cover some of the details that set me apart from most agents and some specifics which ONLY I can bring to the table.

In this episode we tackle 3 main points1. Never too early to call me and get me helping you towards your goals of Buying or Selling your home.2. If you're hiring a realtor to Open Doors or Post For Sale Signs? You're hiring the wrong Realtor3. What's my home worth? If they tell you a number? They are either guessing or lying... so what's the correct question and subsequent answer?

In this episode we talk about the crazy HOA Members caught on camera screaming or otherwise throwing fits over what seem to be pretty minor infractions, if infractions at all. Not all HOA's are bad, in fact they can be run very well, protect property values and save you money.

In this episode we have so much to talk about. Halloween and Elections are now in the rearview mirror. The feds are meeting to decide a rate cut, right as we record this episode. The 25 basis is expected, but do not expect that to move our 30 year fixed rates right away. Look the the yields of the 10 year treasury bond market as a way to "read the tea leaves" on where we are headed. Inventory and absorption rates are the key to the current real estate market. I'm a firm believer "Buy or sell your home when the time is right for you" Trying to time the market is almost always less effective in your end result. This is not day trading, this is your home, your memories your future. Yes make the best of your investment but make those decisions from a holistic approach.

IN todays episode of The Denver Homes Market Report Podcast we expand on what agency means in the real world for both buyers and sellers. Well beyond "Opening a Door" or "Sticking a For Sale sign out front" When you think about what agency means to you, it's much more that those seemingly simple tasks which when you actually take a minute to think them through you quickly realize without a licensed agent who has more to lose than you realize the Real Estate market would lose trust with the public. When there is no trust in an industry, the values crumble. So, when you hear someone or see on social media "DUH, I can open my own door" or "UMM, I don't need a "Realtor" to put a sign out front" Of course, but that is not what you are hiring a Realtor for. There is so much more that goes into it. Even "opening a door" has huge risks and responsibilities. But let's discuss what you are really hiring me for and that is expertise in the current market, Helping ensure, whether you are a buyer? or Seller? You get fair and honest dealings no matter where the market might be at any given moment.

In todays episode, we talk about agency and what really happens when a Realtor tries to work both sides of a transaction. We also talk about interest rates and how rates are now in the 6% range and how buying a home get increasingly more expensive and competitive the lower the rates go.

In this episode, I finally break into the world of not just audio but also turn on the camera for a live look at me recording my podcast. We talk about timing and just how long it may take to get your home sold or your purchase completed and why proper planning may yield better results.

In this episode we give a shout out to The Arts District on Santa Fe, an amazing non-profit ADSF, I encourage you to donate money or your time or both. We also give a shout out to great loan programs offered by Jaxzann Riggs of The Mortgage Network. We also highlight 3 different homes available. We have a condo at 215k, a modern townhouse at 740k and an exquisite mountian home in Evergreen offered at 1,250,000. Great information all around

In this episode we promote the Arts District on Santa Fe. We also publically announce Local Realtor Ricky Schoonover of 8z Real Estate as the preferred Housing & Relocation Specialist For The University of Colorado. Then financial tools and hammers have more in common than you might guess

In this episode we discuss why I'm so passionate about helping my clients with financial stability and finding their place in the world.

Diving Deep into Denver Real Estate: The Inspiring Journey of Ricky Schoonover" Join Ricky Schoonover, local Realtor and host of The Denver Homes Market Report, as he shares his remarkable story from chaos to calm and how it shaped his passion for real estate. Tune in for insightful discussions and exciting updates!

In this episode we dicuss when selling your Denver home, create a competitive listing. Rather than looking at shrinking your buyer pool by listing from scarcity, list with abundance and increase your buyer pool to help ensure maximum exposure and Full Market Value. If you sell your home yourself? It will likely sell. However, you'll NEVER know what you may have lost by not selling your home professionally.

In this Season 4 Ep 10 of The Denver Homes Market Report we dicuss why that feel good sensation of telling the buyer's brokerage the buyer needs to pay for their own representation, that may give you that sorta "Stickin it to Tha Man" type mentality. However, when you limit the number of qualified buyers. You, as the seller might just be the one who get's stuck. You want to maximize the afforability of your home to more buyers, not less. Limiting your market may cause you to lose out on otherwise qualified buyers.

In this episode we discuss how the sellers are the ones getting hurt the most by not paying for the buyer's representation. We also talk about why the number one question I get at a listing appointment "Ricky, how much can you sell my house for" This question is mis-guided at best. The better question is "What would a reasonably educated buyer pay for my home?" There is only one person who sets the price when your home sells. It's the buyer.

In today's episode, we dive in to what drives me as a person. Not just a Realtor but how my mother, Suzann Schoonover overcame obsticles in her own life and provided me with the life lessons I've carried on throughout my own life. How owning a home is more than a roof over our heads. There is a sense of belonging, financial leverage and stability which carries over into all aspects of our lives.

In this episode we talk a little bit about how Real Estate continues to be an evolving industry. How we are heading into an era where sellers pay for their representation and for the first time, buyers are responsible for their own representation. We'll see how this pans out over the years.

In this 4th season Episode 6- we talk about selling homes during the winter. We talk about the incredible strengh of the Denver Real Estate Market and just how presenting your home in a way that provoke's a positive first impression.

In this episode of The Denver Homes Market Report, we tackle todays elevated interest rates and how they may have created your golden opportunity.

In this episode of The Denver Homes Market Report, we discuss a real world scenario where a potential buyer was under the impression Real Estate commissions were negotiated at the time of writing an offer rather than when the listing agreement was signed, prior to the home being placed available for sale. I lost a deal over this potential buyer's father who was trying to get his daughter a good deal. However, his mis conceptions potentially cost her daughter the deal.

In this episode we talk about Denver Open Media, a local radio station featuring all local artists. We invite you to multiple events held each month on the Arts District on Santa Fe. We also discuss the importance of seeking out your REALTOR early on, long before you are actually ready to buy or sell your home. The importance of building a trusting relationship with your REALTOR will help you when issues arise during the process of buying or selling your home.

In this episode of The Denver Homes Market Report we discuss the sticker shock of the recent property tax bills. We also cover the current Real Estate market trends and just how resilient the market has been in reponse to the rate hikes over this past year and heading into this summer selling season.

Today we celebrate 4 years of The Denver Homes Market Report. Denver's monthly Real Estate podcast. We see the feds signalling the rate hikes are likely done as long as inflation continues coming down. We see the seller's market started balancing out over 2022 and now starting to swing in buyers favor as we move forward.

This is the last episode of season 3 as we look forward to season 4. Today we take a little trip down memory lane on how we started our podcast. We talk about how the feds may need to build better tools to manage our modern economy. I'm not sure just raising the benchmark rates are enough or if this action puts pressure where it's needed most. We talk about how strong the real estate market is holding even with higher rates. We also discuss how now may be a better time to buy than it was just a few years back.

Today, I provide a little personal story about my father who was a cabinet maker and some life lessons I carry on today. We also talk about current interest rates and the current state of the Denver housing market.

In this episode we talk about how it's important for Buyers & Sellers to consider all aspects when it comes to buying or selling a home. Realizing that when one aspect tightens up, such as interest rates, other aspects such as purchase price esse up. Meaning sometimes you may get a better deal overall.

Today we discuss the aggresive rate hikes of the past several months. Hopefully inflation subsides, rate hikes slow and eventually start easing. Let's hope the feds get it right this time.

Today we take a look at the number of homes sold in Nov 2022 as it compares to homes sold in Nov 2021.

A great time to buy or sell a home is when the stars align for you.

It's just as important today as ever, hire a REALTOR who is well rounded and knows what the current buyer pool is negotiating and what current sellers are facing.I serve both sides buyer and represent sellers almost equally.

Many would be homebuyers putting their lives on hold due to, what so far is a very minimal slowdown. We are nowhere near even pre-pandemic numbers, which back then we would say the market was good. We are only at appox 2 months worth of inventory, we need to slow further and get to 4-6 months worth of inventory. A balanced housing market builds trust.

In today's episode we'll learn that pre-pandemic inventory was around 32,000 listings for June 2019, only 16,000 for June 2021 and the same number this year 2022 and what that means in regards to what would be a balanced market.

In this episode we talk about Jumbo home loans and how they are becoming more common here in Denver

Lot's of talk of a market crash but the numbers point to a healthy cycle. Let's hope for 5-6% rates paired with 4-6 months of inventory .

Today we talk about a situation where although you work from home, location matters. You are more than your job. You are friends, family, hobbies, community and much more.

In this episode, we talk about interest rates, low inventory and what might hapoen if the market crashes.

When the mortgage rates rise, the pool of homebuyers shrinks. What will happen to the housing market?

In this episode of The Denver Homes Market Report, we review where the Real Estate market has been, which gives us clues as to where we might be headed into 2022. Buckle up, it's going to be quite a ride.

In this episode we cover the current real estate market. We compare which month was stronger November 2020 or 2021

We go over what the norms are for buyers & sellers to expect in negotiations and how those norms are always changing with the market.

Buyers have low rates and easy money flowing from banks. Seller's have large pools of qualified buyers and government fiscal policy driving home prices through the roof.

Let's take a look at all the homes sold in August 2020 and compare that to how many homes we sold this August of 2021. Which was the stronger month and why?

This month we re-,launch The Denver Homes Market Report. Ricky Schoonover of MODE Denver Real Estate is your host. Every month we recap and compare the sales between this year and last year.

In this episode we talk about trust in the real estate market and why section 29 -The Good Faith Clause for both buyers and sellers is so important to fully understand and adhere to

in this episode, we touch on the low inventory and rates creeping up. But it's always a good time to either buy or sell real estate.

In this episode we explore how many homes were sold back in May of 2020 and compare the numbers with May of 2021.

The reason Real Estate has remained a complex transaction is why TRUST in the market has endured and why Buyers & Sellers continue to find buying & Selling homes are a good long term strategy.

We need more homes available to sell in order to balance out this demand.

In this episode of The Denver Homes Market Report we discuss trust in the Real Estate market.

In this episode we compare all the Denver area homes that were sold in April 2020 and determine of we sold more homes in April of 2021 or 2020. Which month did we put more deals together?

There is no room for wimpy offers, "Go big or Don't buy a home" the competition is fierce.

In this episode we talk about the dangers of submitting love letters with your offer is a bad idea.