Colorado Realtor Alan Larson Examines Home Buying Essentials

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Denver Realtor Alan Larson, of The Larson Group at Kentwood Real Estate, answers the top five FAQs of homebuyers.

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However, if you can wait until November or December, that is typically the best time to buy since interest rates are usually at their lowest and sellers are more motivated.

Buying a home is a dream come true for most. “However, many potential buyers are unaware of what that entails,” said Alan Larson, group leader of The Larson Group and Broker Associate at Kentwood Real Estate.

To educate buyers, Larson answers the most frequently asked questions.

Q1. How much home can I afford?
A. “How much home you can afford may not be how much home you want to buy. A general rule of thumb is that lenders will qualify you with the ‘28/36 Rule,’ which says that 28% of your monthly gross income can go to principal, interest, taxes, insurance, mortgage insurance, and HOA dues (PITIMIHOA), while 36% of your monthly gross income can go to total debt (PITIMIHOA + other monthly debt such as credit cards, car payments, etc..but not utilities, etc.),” said Larson. “Your interest rate will be determined by the amount of your downpayment and your credit score.”

Q2. When is a good time to buy?
A. The best time to buy is when one needs a house. “However, if you can wait until November or December, that is typically the best time to buy since interest rates are usually at their lowest and sellers are more motivated,” noted Larson. “But inventory is usually lowest in those two months.”

Q3. When is the best time to sell?
A. The best time to sell is from February-May. August is historically the slowest month for real estate sales.

Q4. What are HOAs and how much do they cost?
A. An HOA is an organization that homeowners are a part of and, in general, are designed to protect property values. “HOA dues vary, depending upon the amenities offered. Common to most HOAs is a pool, park, clubhouse, and tennis courts,” noted Larson. “Some HOAs have large recreation centers with exercise equipment, indoor swimming pools, etc.”

Q5. What is the best website to find homes for sale?
A. In the Denver metro area, the most accurate and up-to-date site is This is our MLS and is the site where all Realtors input their new listings, price reductions, and properties under contract. The data will show up instantly upon input, as opposed to most of the other websites that have a delay of a day or two for data to be received.

About Alan Larson, The Larson Group, Kentwood Real Estate
The Larson Group is a member of the Denver Board of Realtors, the Colorado Association of Realtors, and the National Association of Realtors. They service the Denver Metro area, including Douglas, Arapahoe, Jefferson, and Denver Counties and Douglas County. In addition to Alan’s 33 years’ experience selling homes in the Denver metro area, the other Group Members have vast applicable experience. In addition to their real estate sales experience, Nate Myers brings over 10 years’ experience in lending and insurance, and Todd Landgrave comes from a background of real estate appraisals. For more information, please call (303) 888-5064, or visit Kentwood Real Estate is located at 5690 DTC Blvd., Suite 600W, Greenwood Village, CO 80111.

For media inquiries, please call 805.650.6121, ext. 361.

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