Kenna Real Estate Group · Colorado buyers and sellers
Homes close every week at 7 percent. The buyers are not waiting for a rate; something in their life outranks it. Seven situations, the math for each, and the pages that answer them.
A live person answers. Not a robot, not a phone tree.
The question that decides it is not "what is the rate?" but "what matters more than the rate?" For seven kinds of buyer the answer is clear, and the numbers below show why moving still wins. Every one of them has a page on this site with the searches, the math and a guide.
Colorado, this month
63%
Averaging about $10,000. The credit funds a buydown that cuts the year-one payment by hundreds.
Rates
6.5% to 7%
Half a point moves a $480,000 loan about $155 a month. The down payment and the credit move it more.
Supply
4.8 months
Above 4 months buyers set the price. Homes past 30 days are the ones that negotiate.
The rule
Marry the house
Rates can be refinanced later; the purchase price and the home cannot.
A second office, a room for a parent who is moving in, one more bedroom than the house has. Space is not a rate decision; it is a calendar decision. The move: price the payment on the bigger home with a seller credit funding a 2-1 buydown, and sell the small one while inventory is thin. Buying a bigger home in Colorado at 7%.
A start date does not wait for a rate cut. Get fully underwritten before you fly in, tour in a two-day window, and let the Colorado contract deadlines protect you after you are under contract. Close two weeks after the first paycheck if the lender needs a stub. Relocating to Colorado and what the payment really is.
Only one in three Colorado homes has a step-free entry, and the supply sits in 1960s ranches, patio homes and 55+ communities. The rate is the same either way; the stairs are not. Zero-step and one-level homes, 55+ communities on the map.
Care decisions have their own clock. The house that is fifteen minutes away instead of two hours is worth more than a point of rate, and the parent's home is what funds the move for most of them. Selling a home to pay for care, selling a parent's house, multigenerational homes.
If you only owned jointly with a former spouse, most programs treat you as a first-time buyer again. Child support and maintenance count as income with the right lender and paperwork. Real estate and divorce in Colorado, Denver divorce agents, and the divorce workshops.
You are selling and buying in the same market. The rate you give up on the old loan is real; the equity you carry over is bigger, and the thin buyer pool cools the competition on the home you want. The move-up math at 7% and what to give the buyer of your old home.
Cash closes fast and wins offers. A mortgage on part of the price keeps the reserve liquid, and the rate on a smaller loan matters less than the liquidity. Cash or finance: keep the cash and Colorado luxury homes.
A home that is sitting is not missing a buyer; it is missing the buyer's payment. A rate-buydown credit offered before a price cut fixes that for six of the seven. The Listing Buydown Strategy and why is my house not selling.
kennarealestate.com · free guide
Price any home the way we price the Parker example: rate, down payment, taxes, insurance, HOA, metro district, mortgage insurance and the income you need
At 7 percent, a $600,000 Colorado home with 20 percent down costs about $3,800 a month all in. Half a point moves it $155. The bigger levers are the down payment, the seller, the builder and the loan type.
Prepared by
KENNA REAL ESTATE GROUP
Call or text 303-955-4220 · A live person answers.
Every one of the seven brings closing costs to the table. What Colorado buyers pay at closing, and how the seller credit covers most of it.
Text the situation to 303-955-4220. A live person runs the payment on real homes the same day, with the credit and the buydown priced in.
Call or text 303-955-4220Search all Colorado homesIt is a bad time to buy a house you cannot afford at 7%, and a normal time to buy one you can. Buyers have 4.8 months of supply, 63% of sales include a seller credit, and prices are flat. Waiting for a lower rate means competing with everyone else who waited.
Space, a job start date, stairs, a parent's care, a fresh start after divorce, equity that is ready to move, and liquidity. Each has a page on this site with the math.
Yes. A seller credit can fund a 2-1 buydown or permanent points. On a $480,000 loan a $10,000 credit as a 2-1 buydown saves $616 a month in year one.
Rates can be refinanced later; the purchase price cannot. When rates fall, seller credits and price cuts shrink and competition returns. Buy the payment you can carry now and refinance the rate later.