The Cost of Waiting to Buy

It’s 2022. A new year has started, and with January 1st comes many things: resolutions, hangovers, cutting the sugar from your diet and… Rent. Like clockwork, you are paying your rent on 1/1/2022. And it’s not that you don’t want to buy a house this year, it’s just, you’re not sure how, exactly.

Have you met our team of fabulous buyer agents? Through the competitive landscape of 2021, our small (but growing!) team of agents helped 70 families in real estate. That could certainly be you – and with the right expert Realtor by your side, you won’t have to worry about what’s in the chart below this paragraph.

Here we see the average price increase of a home in Denver from 2019 to 2022. Not only have houses increased in price by over 33.66% since 2019, but the asking price percentages have increased, the days on market have been cut in half, and interest rates have crept up from their rate slash in the early days of the pandemic. One positive is the equity increase for home buyers who closed in the past few years; they’ve seen their property values climb as the demand for homes now grossly outweighs the supply of actual residential buildings on the market.

What can you do, as a Denver buyer in 2022? Start by talking with a caring Art of Home Team REALTOR® who will a) know what they’re doing, b) help you understand what’s happening, and c) fight for you with all their might. They will connect you with licensed lenders who can help you develop a purchase strategy, and will give you a document checklist for your application. 

Your initial loan application can be as fast as 15-30 minutes if you have your tax returns, bank statements and pay stubs ready.

Want some help getting ready? 

Last year, we helped homeowners buy with only $1,500 – $3,000 out of pocket, thanks to a loan from CHFA that covered their closing costs. There are several programs to help first time buyers, and you definitely don’t have to put 20% down. 

Art of Home Team has your back. Let’s get you home.