July 13, 2019

Income? Debt? Down payment?


Buying A Home In Colorado

Whether you are looking to purchase a fixer-upper or your dream home, you’ll need to determine your home buying power. There are five variables that will determine your power to purchase the right home.

Where do you want to live? Every housing market varies, similar homes have different values and property taxes vary from state to state, sometimes city to city. Additionally, local rules and regulations as well as lenders will play a role in determining your home buying power within your market. Property type also determines eligibility as some home buying programs may only apply to certain types of property. Once you have determined where you want to live, also determine what type of home you are looking for – a small ranch home, condo, luxury home, etc. Then speak with a lender to make sure that you are looking in the right price range.

What is your annual income? After you have decided the location and type of property you are looking for, determine what you can afford. A lender will look at two years of income. Everything that contributes to your annual income strengthens your home buying power:

  • Salary

  • Commission

  • Investments

  • Miscellaneous income such as royalties, contract work, etc. 

 What is your monthly debt? What is the debt, not expenses, that you pay? Remember, groceries are not a debt but an expense. Examples of debt are:

  • Credit cards

  • Auto loans

  • Student loans

  • Any other loan, miscellaneous debt

Your income and monthly debt determine your debt-to=income ratio or DTI. This is figured by dividing your total monthly debt by our gross monthly income. As a rule of thumb, the lower the better.

Another rule of thumb is to not incur any new debts before looking for a new home. If you need a new car and a new house, get the house first. The new car loan will impact your home buying power if choose to purchase a new car before the new home.

What is your credit score? Your credit history plays a huge role in home buying power. Lenders look at your monthly debt AND your credit score to determine risk level. Home buyers with a better credit score will typically qualify for better loans and fixed rates. Your credit score is determined by:

  • Credit mix

  • New credit

  • Amount owed

  • Payment history

  • Length of credit history

The quicker that you pull your credit score, the quicker you determine your buying power. Many hesitate in taking this step because they are afraid that pulling a credit report will ding their score. If any at all, the points will be minimal and will not impact your buying power.

How much can you place on a down payment? You may have heard that the standard down payment is 20% of the home’s value. This is not a universal figure. There are many programs available for home buyers who are looking to lower the down payment percentage so don’t let the 20% scare you. However, know that a larger down payment will afford you a better home and possibly a better fixed mortgage rate works stronger in your favor for the long run. Your lender will help you determine how much of a down payment should be considered when taking into account your DTI and credit score.  

All in all, it is never too early to sit with a lender, determine your home buying power and bring you closer to purchasing the home of your dreams. True Realty can assist you with finding that lender, just give us a call @ 720-305-0757.


Posted in Buying
July 11, 2019


Cash or conventional only. 3 beds/1 bath w/ hardwood flooring underneath carpet. Sun-room extends from kitchen to add more area. Home has newer roof (2017), AC unit and newer hot water heater. 2 car detached garage + RV parking. Fenced-in front and back yard. Sold As Is. Call today for additional info - 720-305-0757.

4332 South Cherokee Englewood Colorado Home For Sale

Posted in Open House
July 11, 2019



THIS HOME LOOKS LIKE A NEW BUILD. 3 bed/2 bath w/ the highest-end upgrades incl. espresso cabinets, REAL hardwood oak flooring, 8 ft. doors, granite tops in kitchen + master bath. Full unfinished basement w/ 9 ft foundation walls & plumbed for a wet bar. One of the largest lots/backyards for this community + a beautiful outdoor kitchen. To tour before Saturday or addt'l info, call 720-305-0757.

7764 South Elk Street Colorado Home For Sale

Posted in Open House
July 9, 2019

Why list with True Realty?

Years of experience and life-long residency has helped the True Realty Team work with all types of consumers, both residential and business, beginners and experienced. Our consistency has been in the exceptional service, communication and success to ensure that our clients are happy!  

Marketing is key to listing your home. True Realty has perfected a marketing plan for every type of property. Some things work better in some areas and price ranges than others. We’ll show you a specific plan for your property. Since 90% of buyers use the internet to search for a home, it is important to list your home with the team that has the best internet presence. 

When you work with True Realty, you get a team of knowledgeable and professional real estate associate brokers and executive team members who are committed to negotiate on your behalf with systems in place to streamline the process. Negotiations rarely end with the price. However, once the buyer completes their inspection and document examination processes, they often object to things discovered and request corrective action that involves expense to the seller. Inspections and repair requests can get overwhelming. We’re here to work with you every step of the way and help you to keep the deal alive without “giving up the farm.”

Contract to Close – Our clients who sell their home really appreciate our services in listing, marketing and getting a buyer signed on the dotted line on a purchase contract. However, neither they nor we can rest just because a contract is inked. There are more than 50 tasks and deadline deliveries on our normal residential seller side real estate transaction checklist. We take our responsibilities seriously in the processing of all documents and meeting of all deadlines.

Our Promise To You - True Realty is founded on the principles of trust and honesty. In addition to our superior service, keeping the integrity of always doing the right thing is the core of our beliefs. Our reputation allows us to communicate honestly with our clients, and this creates opportunities for buyers and profits for sellers. We will place your needs first as we believe our success depends upon it and it is the legacy we wish to leave with each client we serve.  We enjoy one of the best reputations among brokers in the Denver – Aurora metro area. A large part of our listing business comes from referrals, as our previous clients tell others about their successful selling experience. 

Are you ready to sit down for a free, non-obligatory consultation? Give us a call @ 720-305-0757.

Posted in True Realty Team
June 25, 2019

Top 5 Home Design Trends this Summer

Many use the summer time to update their décor and interiors of their home. Here is a compilation of home trends this summer that True Realty has pulled together for you to enjoy!



Top 5 Home Design Trends This Summer Presented By True Realty

Posted in Home Design
Jan. 22, 2019

What is the Cost of Waiting Until Next Year to Buy?

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!
Posted in Buying
Jan. 22, 2019

Selling Your Home? Make Sure the Price is Right!

Selling Your Home? Make Sure the Price is Right! | MyKCM

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy: be the closest without going over!

As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!

Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!

Bottom Line

If you are thinking about listing your home for sale this year, let’s get together to properly price your home from the start!

Posted in Selling
Jan. 22, 2019

Do You Prefer the Charm of an Existing Home?

Do You Prefer the Charm of an Existing Home? | MyKCM

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams?

According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home!

They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase.

Below are some reasons why buyers are interested in purchasing a new build:

  • Everything in the house is new/never used (49%)
  • To be close to family (41%)
  • The home is the best value for their money (37%)
  • Appealing home features (34%)
  • Desirable location (34%)

So, then why did most of the buyers surveyed choose not to purchase a new home?

1) Location

Buyers could not find new construction in the desired neighborhood, and some felt that new construction is not established (e.g., landscaping, community, neighbors).

2) Timing

Buyers face the end of a lease or sale of their previous property and could not wait for a house to be built.

3) Price

Some buyers felt that new construction base prices were deceiving. Adding upgrades and HOA fees no longer made the home fit in their price range.

4) Appeal

For some buyers, new construction homes are too “cookie cutter,” and models are limited. Others feel that the charm and uniqueness of an existing house trumps one that’s never been lived in.

Bottom Line

Not all buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing home. If you are considering selling your house, don’t wait! Let’s get together to come up with a plan to feature the charming details of your house to future buyers.

Posted in Buying
Dec. 21, 2018

Are You Thinking of Selling? Are You Trying to Choose the Best Time?


Winter is here and so are the holidays. Over the past three months, I have talked to hundreds of families that are thinking of selling their home in 2019. The majority of which are leaning towards a summer sale. Although the summer months do have higher sales numbers year over year, there is also far more competition.


As you may know, True Realty works with both a high volume of buyers and sellers. This allows us to understand first hand the demand for available homes. For the past six years, I have seen a slow down in the market starting at the end of September when the kids go back to school. Then in late October, the market speeds up until Thanksgiving. After Thanksgiving, we are busy again until the end of December. Then comes the rush. The second week of January my phone rings every five minutes and I am running from one appointment to the next.


This year, True Realty currently has 16 active buyers that are getting prepared for the beginning of the year. Each buyer is holding off until the new year and waiting for more inventory to hit the market. With this many families waiting for houses just with us, I am confident in saying, the rush will not wait until the second week of January, it will be sooner!


If you are thinking about selling your home in 2019, my advise to you is not to wait until the summer. Although there will be lots of buyers looking for new homes, there will be a lot of sellers trying to move as well. Taking advantage of a large number of buyers and less inventory that will be available from January to April, will result in a great sales price for your home.


Please let us know when you are available for a free home sale consultation. We are happy to not only go over the value of your home and a plan to get it sold but will go over in details, the current and coming marketing conditions in your community. Understand Colorado’s fast-changing real estate market is key to making your sales process smooth and profitable.


Make sure to follow True Realty on FaceBook or visit our website for additional marketing news

Posted in Selling
Dec. 18, 2018

What Will The Real Estate Market Do In 2019?


As we approach the end of 2018 and starting look at financials goals for 2019, it is important to take a look at the facts. Yes, there is a change in the market, yes properties are taking longer to sell, yes we have more priced decreases then even before. And finally, YES, this is a good thing.


For the past few years, almost every time I took a buyer to see homes for the first time their two questions where always the same. When will there be more inventory available and how far over the listing price will I have to go to get a home. These two challenges made it a hard market for first time and even second-time home buyers. The third questions I was asked was when will this madness end so that we can get back to a normal market.


Well, I am happy to say that we are almost there. Our market in 2019 is going to be a little slower. But let me be clear, this is a good thing. Property values are not going down, the rate of appreciation is. We all know that a market which increases by 10% to 12% a year is not sustainable. A market that increases at 3% to 4% is. This is the market that we will have in 2019. In fact, many economists believe we will have a national increase of 4.8%


So why are so many homes staying on the market longer? Well to be fair, we are classifying “longer” as more than 30 days. Talk to your parents and ask them what the average days on market were when they purchase their first or even second home. In our current market, however, homes are taking longer to sell, and prices are being decreased because homes are still being listed as if the market is going up by 1% a month. This is not the case anymore.


For homeowners looking to sell in 2019, It is important to take a long look at your property values, the comparable sales that make up those values, and the market conditions that will exist when you are ready to sell. It is also important to prepare and market your home in a manner that supports the value you are asking for.


For home shoppers, 2019 is going to be a year of research. The days of bidding up the first home you see are over. Take your time and ask questions. Understand what factors make up the value of your future home. Learn what loan options are available before jumping into a contract.


2019 is going to be a year of real estate transaction. The amount of home purchase is going to rival the numbers from 2017. With that said, it is going to take longer to sell and the process to buy will not be overnight.


We are ready to put your purchase or listing plan in place when you are.

Posted in Market Updates