Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 1, 2023

Leverage Your Equity When You Sell Your House

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One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this:

“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”

Majority of Americans Have a Large Amount of Equity

If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now (see graph below):

And having such large amounts of equity is a benefit to homeowners in more ways than one. Rick Sharga, Executive Vice President of Market Intelligence at ATTOM, explains:

“Record levels of home equity provide security for millions of families, and minimize the chance of another housing market crash like the one we saw in 2008.”

Over time, your home equity grows. In addition to providing financial stability while you own your house, when you’re ready to sell it, that money could go a long way toward paying for your next home. 


Bottom Line


By selling your house and leveraging your equity, it can be easier to pay for your next home. Let’s connect today so you can find out how much home equity you have and start planning your next move.



Posted in Seller Info
March 24, 2023

Have You Thought About Why You Might Want To Sell Your House?

Posted in Seller Info
March 23, 2023

JUST LISTED 9362 Amison Circle_Unit 101_Parker

9362 Amison Circle, Unit 101, Parker CO⭐️
3 Bedrooms + loft | 4 Bath | 2.315 Sq. ft. | 475K
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✅ Family room with cozy fireplace
✅ 3 pool community- Stonegate and Highlands at Stonegate North
✅ 2 Car garage + 1 reserved parking spot.
and so much more.
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Posted in Seller Info
March 15, 2023

Balancing Your Wants and Needs as a Homebuyer This Spring

Balancing Your Wants and Needs as a Homebuyer This Spring


Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from puts it this way: 

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list.

Here’s a great way to think about them before you begin:

  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.
  • Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender.
  • Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner.

Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.


Bottom Line


Prioritizing what you need in a home is a critical first step in the buying process. If you’re ready to find the one that’s best for you, let’s connect.


Keenan Real Estate 720-515-0248.
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Posted in Buyer Info
March 8, 2023

Happy International Women's Day all you super great ladies!!!

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Posted in Around the House
March 2, 2023

COMING SOON Water Valley South Beauty,put this on your radar.

Put this "Coming Soon" Water Valley South Beauty, on your radar.
List Price $ 630,000 | 2-Story | 4 Bedrooms | 4 Baths | Living Area 2,527 Sq. Ft.| Lot Size .17 Acres | Super cool, pool community | CLICK LINK FOR MORE INFO

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Feb. 28, 2023

An Expert Makes All the Difference When You Sell Your House-Keenan Real Estate

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If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.


1. They’re Experts on Market Trends


With today’s housing market defined by change, it’s critical to work with someone who knows the latest information and how it impacts your goals. An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be able to help you make a decision based on trustworthy, data-bound information.


2. A Local Professional Knows How To Set the Right Price for Your Home


Home price appreciation has moderated this year. If you sell your house on your own, you may be more likely to overshoot your asking price because you’re not as aware of where prices are today. Pricing your house too high can deter buyers or cause your house to sit on the market for longer.


Real estate professionals look at a variety of factors, like the condition of your home and any upgrades you’ve made, with an unbiased eye. They compare your house to recently sold homes in your area to find the best price for today’s market so your house sells quickly.


3. A Real Estate Advisor Helps Maximize Your Pool of Buyers


Since buyer demand has cooled this year, you’ll want to do what you can to help bring in more buyers. Real estate professionals have a wide range of tools at their disposal, such as social media followers, agency resources, and the Multiple Listing Service (MLS), to ensure your house gets in front of people looking to make a purchase. Investopedia explains why it’s risky to sell on your own without the network an agent provides:


“You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home.”


Without access to your agent’s tools and marketing expertise, your buyer pool – and your home’s selling potential – is limited.


4. A Real Estate Expert Will Read – and Understand – the Fine Print


Today, more disclosures and regulations are mandatory when selling a house. That means the number of legal documents you’ll need to juggle is growing. The National Association of Realtors (NAR) puts it like this:


“There’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.”



5. A Local Professional Is a Skilled Negotiator


In today’s market, buyers are regaining some negotiation power. If you sell without an expert, you’ll be responsible for any back-and-forth. That means you’ll have to coordinate with:




    • The buyer, who wants the best deal possible



    • The buyer’s agent, who will use their expertise to advocate for the buyer



    • The inspection company, which works for the buyer and will almost always find concerns with the house



    • The appraiser, who assesses the property’s value to protect the lender




Instead of going toe-to-toe with these parties alone, lean on an expert. They’ll know what levers to pull, how to address everyone’s concerns, and when you may want to get a second opinion.



Bottom Line

Don’t go at it alone. If you’re planning to sell your house this spring, let’s connect so you have an expert by your side to guide you in today’s market.

Keenan Real Estate 720-515-0248.


Posted in Seller Info
Feb. 24, 2023

SOLD by Bill Keenan 9341 Garnett Way

🎉 🎉SOLD!! 🎉🎉
We couldn't be happier for these wonderful clients of ours!! This place is super great and they will certainly enjoy it here. Thank you so much for trusting us with your real estate needs, Krogius family. If you are looking to buy your next home, give me a call or shoot me a text at 720-606-3800. I will exceed your expectations.
If you want to see what is on the market feel free to visit our website.

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Posted in Buyer Info
Feb. 22, 2023

How To Make Your Dream of Homeownership a Reality

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How To Make Your Dream of Homeownership a Reality


According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.


However, it’s unlikely all 28 million Americans will accomplish that goal in the coming year. Experts project a total of around five million homes will be sold in 2023. Why is there such a big difference? It’s partly because there can be challenges to buying a home.


In the same survey, when asked, “Which of the following are preventing you from pursuing homeownership at this time?”:




    • 34% answered, “I don’t have enough saved for a down payment



    • 30% answered, “My credit score




If you’re aiming to buy a home, here’s what you need to know to accomplish that goal.


Save for Your Down Payment


Your down payment is a big chunk of what you pay up front for your home. For most home purchases, buyers put down some amount of cash up front (a down payment) and then take out a loan (a mortgage) to pay for the rest.


It’s a longstanding myth that you need to pay 20% of the purchase price for your down payment. In reality, 20% down isn’t always required. In fact, according to the National Association of Realtors (NAR), today’s median down payment is 14% for the average buyer and just 6% for a first-time buyer.


Regardless of how much money you can save for your down payment, know there’s help available. A local lender can show you options to help you get closer to your down payment goal. Plus, there are even loan types, like FHA loans, with down payments as low as 3.5% for some buyers, as well as options like VA loans and USDA loans with no down payment requirements for qualified applicants.


Beyond assistance programs and different loan types, here are a few other tips to help you as you save for your down payment:




    • Remember to factor in closing costs. In addition to your down payment, closing costs are usually 2-5% of the home's purchase price.



    • Maintain your savings. Your down payment shouldn’t deplete all your savings. It’s important to still have some money set aside for homeownership expenses after you move in.



    • Explore your options and lean on your trusted advisor for expert guidance. Do your research, ask questions, and look into the resources available for buyers like you.





Improve Your Credit Score


Your credit score is a number that indicates how financially reliable you are to lenders. A higher credit score usually means you’ll be able to borrow more money at a better interest rate. If your credit score is preventing you from getting an affordable mortgage, there are steps you can take to improve it. Here are two:




    • Pay your bills on time. When you pay your bills on time, your credit score improves. When you’re late, it takes a hit. One way to make paying your bills on time easier? Set up automatic payments when and where you can.



    • Mix it up. From auto loans, to credit cards, to mortgages – there are several different types of credit. And having a mix of them improves your credit score.






Bottom Line

If you want to purchase a home this year, let’s connect so we can start preparing.



Posted in Buyer Info
Feb. 17, 2023

The Spring Housing Market Could Be a Sweet Spot for Sellers-Keenan Real Estate

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC] | Simplifying The Market

Posted in Seller Info