Reach out anytime. We work days, nights, and weekends. Sean Murphy - Realtor 📩 Info@moxiepropertygroup.com 📞 (720) 712-5783 💻 www.MoxiePropertyGroup.com EXP Realty CO 9800 Pyramid Ct # 400 Englewood, CO 80112
Very great perspective on what's happening in our market. Very real approach and you're not making it sound like it's all sunshine and rainbows. Which irks me about most realtors. They act like everything is completely "fine" because APPRECIATION.
This is a great video, Sean! Very level-headed analysis. In regards to inventory - what are your thoughts on the decline in permitting? While most other growth markets - Austin, Nashville, Salt Lake - have increased their permitting of new homes, Denver has actually permitted less new units over the last 4-5 years. Seems like this could cause more affordability issues in the long-run.
If that's true then I agree with you. I don't know a ton of the details on the decline in permitting and couldn't find anything about it since June. Please send me a link if you have something I should look at. With the way everything is flying off the shelves, and our average day on market being incredibly low, there doesn't seem to be anything stopping these prices from going higher.
Living in Colorado I just put out a video exploring the Denver market from a data-driven angle. Scroll to 12:30 to see data on permitting. ruclips.net/video/E8qt_pfilU4/видео.html
Great info! Well presented. In the past I haven't heard many good things about new construction homes, but new construction homes in price seem comparable to many of the houses I've seen. Any quick advice on that? Looking to move and buy in cash this spring.
The new construction market has been competitive with prices. The master plan communities will sometimes give the neighborhood a towh center feel that some other communities wont. I like the some of the older houses with charm over a new community.
@@SomewhereInColorado I'm no expert. But given history, it seems that rapid rises in real estate are usually followed by falls, e.g. 2006-2010. I'm thinking that the next fall will occur sometime in 2023-2025. If you're buying for long-term > 10 years, then you can buy right now. In my opinion, the big danger is trying to flip the house or plan to stay less than 5 years.
Thanks for the great topic and video Sean! Do you see the market continue to rise or do you think we’re headed for a market crash. Just curious what your thoughts are....buy now or wait
I foresee in my crystal ball that there will be more programs to help people get into homes and that will drive up the demand and prices even higher. Interest rates can't really get any lower but the value of our money is definitely going to decrease due to upcoming inflation from all of the economic easing and bail out money being printed. So buying now will get you a house at a very low interest rate and protect you from the future increased prices and diminished purchasing power of the dollar. If the market crashes I imagine getting financing for a home will be terribly hard and expensive.
Looking to buy mountain land for retirement/next phase of our life and build a cabin.evergreen or Idaho Springs? I am in IT and need good internet and possibly on-grid.
I love that idea. Good connectivity can be tricky in some spots so definitely something i'm glad you're thinking of that. We have a vid on living in the mountains you might find helpful. ruclips.net/video/0CFPBF54vMo/видео.html
Hi Lincoln. This video might be helpful. Depending on your income, a bunch of people will go the roomie route. Facebook Marketplace, Facebook Roommate Groups, and Craigslist are still the best places to find roommates. ruclips.net/video/U8KjDOBXaow/видео.html
Fort Collins is great. Fort Collins would tell you to zip it! 😁. I can see areas like fort collins being more desirable now that more tech employees have the ability to work remotely. Even if they have to go to the office once a week, that's a nice drive down to Denver.
Glad it was helpful! Each scenario and neighborhood can be a little different but just crazy in a different way. Reach out if you have questions. -Sean
@@at5840 Tornadoes don't last long against the mountains, and Denver and Colorado Springs are right next to the mountains. The only tornadoes tend to be way out on the east side of the state on the plains. The snow and ice in the winter are a much bigger problem than tornadoes ever are.
![ARGENTINA vs. PERÚ [1-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 12](http://i.ytimg.com/vi/xtI25ENDDSY/mqdefault.jpg)
Reach out anytime. We work days, nights, and weekends.
Sean Murphy - Realtor
📩 Info@moxiepropertygroup.com
📞 (720) 712-5783
💻 www.MoxiePropertyGroup.com
EXP Realty CO
9800 Pyramid Ct # 400
Englewood, CO 80112
Very great perspective on what's happening in our market. Very real approach and you're not making it sound like it's all sunshine and rainbows. Which irks me about most realtors. They act like everything is completely "fine" because APPRECIATION.
Thanks Adam. trying to keep the Real in Real Estate. Happy to answer any question you have too so feel free to reach out.
Hi! You mentioned "Health & Safety Related" inspections clauses. Would be able to tell me what is usually entailed in those?
it's a little subjective but typically electrical, sewer, foundation, roof, windows that properly open......etc
Much appreciated!
glad it was helpful
This is a great video, Sean! Very level-headed analysis.
In regards to inventory - what are your thoughts on the decline in permitting? While most other growth markets - Austin, Nashville, Salt Lake - have increased their permitting of new homes, Denver has actually permitted less new units over the last 4-5 years. Seems like this could cause more affordability issues in the long-run.
If that's true then I agree with you. I don't know a ton of the details on the decline in permitting and couldn't find anything about it since June. Please send me a link if you have something I should look at. With the way everything is flying off the shelves, and our average day on market being incredibly low, there doesn't seem to be anything stopping these prices from going higher.
Living in Colorado I just put out a video exploring the Denver market from a data-driven angle. Scroll to 12:30 to see data on permitting. ruclips.net/video/E8qt_pfilU4/видео.html
Great info! Well presented. In the past I haven't heard many good things about new construction homes, but new construction homes in price seem comparable to many of the houses I've seen. Any quick advice on that? Looking to move and buy in cash this spring.
The new construction market has been competitive with prices. The master plan communities will sometimes give the neighborhood a towh center feel that some other communities wont. I like the some of the older houses with charm over a new community.
Unless you have no choice avoid buying now. Wait for things to cool off.
Hi Phil. Do you see that happening anytime soon?
@@SomewhereInColorado I'm no expert. But given history, it seems that rapid rises in real estate are usually followed by falls, e.g. 2006-2010. I'm thinking that the next fall will occur sometime in 2023-2025. If you're buying for long-term > 10 years, then you can buy right now. In my opinion, the big danger is trying to flip the house or plan to stay less than 5 years.
Cool? You mean wait for a serious crash. Not worth living there with the extremely ridiculous prices.
Thanks for the great topic and video Sean! Do you see the market continue to rise or do you think we’re headed for a market crash. Just curious what your thoughts are....buy now or wait
I foresee in my crystal ball that there will be more programs to help people get into homes and that will drive up the demand and prices even higher. Interest rates can't really get any lower but the value of our money is definitely going to decrease due to upcoming inflation from all of the economic easing and bail out money being printed. So buying now will get you a house at a very low interest rate and protect you from the future increased prices and diminished purchasing power of the dollar. If the market crashes I imagine getting financing for a home will be terribly hard and expensive.
Looking to buy mountain land for retirement/next phase of our life and build a cabin.evergreen or Idaho Springs? I am in IT and need good internet and possibly on-grid.
I love that idea. Good connectivity can be tricky in some spots so definitely something i'm glad you're thinking of that. We have a vid on living in the mountains you might find helpful. ruclips.net/video/0CFPBF54vMo/видео.html
So much great information!!! Appreciate the knowledge!
Glad it was helpful!
do you have any tips for college seniors who are thinking about moving to denver but have never been there?
Hi Lincoln. This video might be helpful. Depending on your income, a bunch of people will go the roomie route. Facebook Marketplace, Facebook Roommate Groups, and Craigslist are still the best places to find roommates. ruclips.net/video/U8KjDOBXaow/видео.html
With Covid:
Are agents still allowed to do an open houses for other agents?
Yes. That’s still allowed
@@SomewhereInColorado awesome TY. I got three clients last year from doing free marketing for other agents.
@@SomewhereInColorado cool ty
Not sure what’s going on but I’ve texted and I’ve emailed and still no response. Great video though.
Hi Davin. Text or call me directly at (303)653-5133
-Sean
Property taxes should be outlawed nationwide. Instead use local income taxes. Maybe property taxes OK but base them on ability to pay.
Income taxes are the taxes that should be outlawed.
@@SomewhereInColorado That makes no sense to me. Don't you think taxes should be based on the ability to pay?
Forget Denver. Look at Fort Collins
Fort Collins is great. Fort Collins would tell you to zip it! 😁.
I can see areas like fort collins being more desirable now that more tech employees have the ability to work remotely. Even if they have to go to the office once a week, that's a nice drive down to Denver.
Thanks for the info!!
Started watching randomly looking to move to Colorado soon.
Glad it was helpful! Each scenario and neighborhood can be a little different but just crazy in a different way. Reach out if you have questions. -Sean
I'm not moving to Denver after finding out that you guys have tornados
ha....hardly ever close to the foothills. Overall, I'd say Denver is one of the safest places to be if you want to avoid natural disasters
How about the springs area?
@@at5840 Tornadoes don't last long against the mountains, and Denver and Colorado Springs are right next to the mountains. The only tornadoes tend to be way out on the east side of the state on the plains. The snow and ice in the winter are a much bigger problem than tornadoes ever are.
No we don’t that’s why they call it “den”ver we are protected