Email us Call us

August 2023, Equity Is a Game Changer for Homeowners Looking to Sell

 

Back to School! 
 
It may not quite feel like fall yet but kids (um, parents?!) are excited to go back to school, CU students are moving back and football is on the horizon. This fall promises some additional excitement as "Coach Prime" starts his first season as coach of the CU Football team. 
 
Low inventory continues in Boulder and Denver which continues to offer opportunity for buyers and sellers. This means it’s a great time to sell because houses that are priced right are still seeing multiple offers and selling quickly. If you’re ready to list your house, DM me so you can capitalize on today’s market and find your next dream home.
 
Always an honor and pleasure to be your resource for any real estate needs, please share our info if you have a friend or family member interested in buying or selling.
 
With appreciation for your business and friendship – Leslie
 
 

Equity is a Game Changer for Homeowners

Looking to Sell

 
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move.
 

What Equity Is and How It Works

Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect.
 
Over the last few years, home prices rose dramatically, and that gave your equity a big boost very quickly. While the market has started to normalize, there’s still an imbalance between the number of homes available for sale and the number of buyers looking to make a purchase. And it’s because homes are in such high demand that prices are back on the rise today. Rob Barber, CEO of ATTOM, a property data provider, explains:
 
“Equity levels were high even during the recent downturn, and now they are going back up and better than ever.”
 

How Equity Benefits You in Today’s Market

With today’s affordability challenges, that equity can be a game changer when you move. Here’s why. Based on data from ATTOM and the Census, nearly two-thirds (68.7%) of homeowners have either paid off their mortgages or have at least 50% equity (see chart below):
 
 
To learn what your current equity is, please contact me for an updated market report.
 
 

Market Update

Denver Metro and Boulder County Real Estate Statistics
 
 
 

Save the Date!

Zoo Lights on Sat, Nov 11th - Sparkling Lights, Treats and Magic
Get a holiday photo with your family or loved one!
 
 
Mark your calendars now for Saturday, November 11th to join The Herz Team at the Denver Zoo Lights! We'll have a private room to connect and enjoy hot chocolate, bites, and more. We'll also have a professional photographer to take family pics for your holiday cards! 
 
 
Stay tuned for additional information! 
 

Fall Football Planner

 
Photo courtesy of Cliff Grassmick/Daily Camera
 
College football is in the air as players are back on the field practicing for their season openers. For Boulder residents, Pearl Street Mall is electrified with the pep rally on the Friday nights before home games. Get your tickets now to watch your favorite teams play! Click a logo to see the schedule for your favorite team.
 
 

Looking for a Home Outside of Colorado?

 
Helping others is a passion of mine and the main reason I love being a real estate advisor. Our Core Services allow me to assist you with mortgage and refinancing, residential & commercial property management, commercial real estate, title insurance, vendors, handymen, and more!
 
What’s even better than the resources I offer? The endless connections I have with the network that is Coldwell Banker Global Luxury. There are agents with Coldwell Banker not only in the U.S. but also internationally! That makes assisting you or a friend considering purchasing or selling much more effortless. I’d be happy to connect you or them with someone as committed to legendary service as I am.
 
Let me know if I can assist you in any way!
 

We're Grateful for the Opportunity to Work with our Amazing Clients:


 "I have had the Herz Team sell two different investment properties for me in recent years, and I have nothing but good things to say about their highly professional and effective services. I have appreciated their willingness to make recommendations as to appropriate cost-effective improvements and their ability to help get these items done on time and under budget. Leslie and Max are a pleasure to work with and top-notch in the industry."
 
– Simon H.
 

 

Work With Us

Join the Herz Team for an exceptional real estate journey where your voice matters. Let us be your lifelong consultants in Boulder and Denver, creating the home of your dreams and exploring the unique charm of our communities.

CONTACT US