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Interest Rate Reports and Home Selling Tips for Consumers

interest rates in CO

The Barry and Larry Vestera Real Estate Program Radio show

8:00-9:00 AM | March 26, 2022


Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)
Larry Stanley (Consumer Guy, Co-host, Barry and Larry Consumer’s Real Estate)

3 choices for a neighborhood’s quality, value, and interest rates may be:

  • Going up
  • Leveling
  • Going down

Current interest rate reports from CO real estate experts:

  • Interest rates went up a pile for the last couple of weeks by 1%
  • It does not slow down buyers from buying in today’s marketplace
  • The number of homes under contract from the most recent week in Denver and surrounding areas is 812 homes
  • In Colorado Springs, 355 homes went under contract from the last 7 days
  • The number of inventory has gone down in both Denver and Colorado Springs
  • There is no indication in the numbers, by price range, that there will be a low down in prices in the front range Colorado
  • Assessors value is acquired to put a country value for your land and your property

Savvy home selling tips for consumers when selling a home:

  • Selecting the top agent. Only top agents should be hired
  • Discovering and determining your homes 3 different prices for your successful selling in 2022
  • There are 3 different prices and values that you have to discover and determine before you go to the active housing market
  • Each of the 3 different prices must  be calculated thoroughly, accurately and each uses extensive research 
  • These numbers are based on the most current raw and county data
  1. Current market valuation
  2. Best asking price
  3. Most likely actual sale price
  • You want to sell the house for the best price you can get
  • Allow bids above your asking price and you won’t believe how much money you can get
  • The asking price for your home is not the market value and should not be the final price
  • Do not make the mistake of confusing your estimate with your asking price or your most likely actual sale price
  • You should expect to receive a top price for your home
  • When you’re interviewing for real estate agents, make sure they know the 3 different prices and values 
  • Your chosen real estate agent needs to know how to calculate them correctly
  • You have to study what is going on in the marketplace, ask other realtors who have had homes for sale in the recent weeks what happened

Need assistance with an accurate market valuation for your home?

Do not hesitate to equip yourself with the ability and the tools to choose only the best by visiting our page for a carefully-maintained list of best agents throughout Colorado. Kathleen and her team are available 7 days a week to attend to your inquiries. Simply fill out the online form or call the association headquarters anytime at 800-383-7188 and if you are from out-of-state you may dial 866-222-8937. Also, feel free to leave a message and the association staff will be back to you asap.

Check out the videos of top Colorado exclusive buyer agents at the Buyer Agent Search youtube channel: These buyer agents have strong track records and represent the best in the industry.