Homebuyer 101

Homebuyer 101 will be hosted by Katherine Albers (Realtor) and Laurel DeSilvey (Lender) to guide prospective buyers through the Denver real estate market. Enjoy coffee & pastries on us while we chat about the housing market & homebuying!

• Building Wealth: Homeowners have an average net worth 40 times higher than renters due to property appreciation, which averages 8–11% annually in Denver.
• Market Timing: Waiting for lower rates can lead to increased competition; the current "buyer-friendly" market offers more opportunities for price negotiations and seller concessions.

• Loan Types: Options include Conventional (3–5% down), FHA (3.5% down), and VA (0% down for veterans).
• Lender Evaluation: Focuses on a Debt-to-Income (DTI) ratio under 50%, stable job history, and having liquid cash for a down payment plus $5,000–$9,000 in closing costs.

1. Preparation: Get pre-approved to set a realistic budget before touring homes.
2. The Offer: Work with an agent to submit a competitive offer.
3. Under Contract: Navigate the three main contingencies—Inspection (health/safety), Appraisal (value verification), and final Loan Approval.

Know what’s Happening Next — before everyone else does.

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Host or Publisher Laurel DeSilvey