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I thought this post by Tara-Nicholle Nelson for Trulia had some good tips and wanted to pass them along. -mb. If you’re a film fan, you might have noticed a theme that I just discovered recently in movies that star movie star extraordinaire Denzel Washington. He tends to play roles at one extreme of the villain-hero spectrum or the other. But when he’s on the hero end, he often uses his smarts and expertise to do things no other mere mortal could do, despite his personality flaws, addictions and lack of any superhuman powers: In Man on Fire, he rescues (2 comments)
denver home buying: What to Look For in a Good Denver Investment Property - 08/04/12 11:34 AM
As long as you’ve done your homework, taking on an investment property in Denver can be a very fruitful endeavor. While it can be tempting to leap at the first reasonable opportunity that presents itself, taking the time to consider your potential investment from different angles will help steer you toward a better and more profitable experience. Here are a few factors to consider. Location, Location, Location As real estate tycoon Harold Samuel famously pointed out, this can be one of the biggest make-or-breaks of your whole investment. When evaluating a property, investigate the surrounding area. Good schools, low crime (0 comments)
Wow! What a spring we are having! The Market continues to give signs of hope and prosperity! We are still amazed at the lack of inventory as Single Family Homes stayed at 8,353 number of units currently active, and Condo’s/Townhomes at 1,901. This is a very unique time in the Metro Denver Real Estate Market, as we see unbelievably low inventory and the number of under contracts and closings continues to rise! Price pressure continues to build and we are already seeing median price increase s versus a year ago of 5% for SF homes and 7% for townhomes (2 comments)
denver home buying: Stealth Tactics for Buying a Denver Home - 05/03/12 08:09 AM
If you’re hunting for real estate in Denver, you may need to consider a new tactic: stealth. In markets where available homes have dwindled or listings come and go quickly, some home buyers are skipping the MLS and working behind the scenes with agents and/or directly with sellers. This is particularly true in Denver, which is second in the country for the shortest time on the market for home listings. Homes in Denver are on the market for a mere 33 days, well below the 89-day national median. There are just too few homes in the area to meet the (0 comments)
This report, “The State of Hispanic Home Ownership 2011,” shows that Latinos are poised to become a growing force in the housing market. Their purchasing power reached $1.1 trillion in 2011and is expected to grow to $1.6 trillion by 2016.
There are many factors in play, but probably the most significant is that from 1980 to (3 comments)
This year’s Index shows that it’s more affordable to buy than to rent in 98 of the 100 most populous metro areas in the nation, including highly priced cities like New York, Los Angeles, and Boston—but Denver residents have it especially good.
The data is based on the asking prices of (2 comments)
Former homeowners can now take heart as they look to again buy a home in Denver or anywhere across the country. The normal re-buy waiting period of up to seven years is shrinking, especially for those whose foreclosure or short sale resulted from a job loss, illness, or other extenuating circumstance.
How long you’ll wait depends on your lender as well as your situation. Homeowners with a foreclosure must (0 comments)
Are We Witnessing the Bottom of the Denver Real Estate Market?
Wow, we are seeing some definite momentum to begin this new year of 2012! Typically January’s activity is lower than December as far as numbers of closings go. But this January’s closings compared with January 2011 showed an increase of 16%! The big story continues to be the lack of inventory, and buyers are still being picky on their selections. Interest Rates are still at historically low levels and will be through the first half of 2012. Prices for single family homes priced below $250,000 have risen (0 comments)
In a recent survey of 1,000 singles conducted for Trulia, over 33 percent of women and 18 percent of men said they would date a Denver homeowner over a renter.
Stated a different way, only 2 percent of women and 3 percent of men said they would prefer to date a renter.
If you live (3 comments)
denver home buying: Clutter's Effect on Denver Home Values - 01/13/12 09:19 PM
Chances are good that potential home buyers have viewed a lot of properties in Denver. They’ve seen nice paint, great hardwood floors—and clutter. How they feel about that clutter will depend on why they want a home.
Buyers hunting for a bargain or looking for a resale investment might find the clutter exciting. Cluttered homes don’t “show well” in most cases, so the buyer might be able to pick up the property with a below-value offer.
It’s the same for buyers trying to find their first Denver home. Clutter makes a statement that this property could be purchased for (3 comments)
denver home buying: Existing Denver Homes Cost Less than New Construction - 09/18/11 01:24 PM
If you’re in the market for a Denver home, you’ll find a better bargain in an existing structure than in new construction. According to the National Association of Realtors’® Economic Outlook, the cost of newly constructed homes will continue to rise and fewer brand new homes will be built in the coming years.
Partly to blame is the increasing cost of building materials. Construction workers must still be paid (on average about $38 an hour) despite cost increases, so if homebuilders hope to make a profit they can’t lower the price of their homes. They’ll simply stop building and reduce (2 comments)
denver home buying: Denver Foreclosures Offer Home Buyers Unprecedented Opportunity - 09/12/11 11:20 PM
If you are risk of foreclosure in Denver or even considering buying a distressed property, you might be interested in recent news. According a newly released article by Rismedia, foreclosures are currently taking a record 20 months to complete There are now approximately 4.1 million loans for which a payment has not been made in over 90 days, and are now in foreclosure. 1.9 million loans are 90 days or more delinquent, but have not reached the foreclosure stage. Because foreclosures are talking longer, that means that a house in foreclosure now will not likely experience a new occupant until the (0 comments)
The demand for rentals continues to rise, thanks to the millions of former homeowners who experienced foreclosure and are now forced to rent. And depending on who you read, an additional wave of foreclosures may be looming, creating increased demand for rental units.
Now is an ideal time for investors to purchase Denver homes. Mortgage rates are at a nearly all-time low and home (3 comments)
denver home buying: Put Your Denver Home Buyers in the Right Mood with Color - 09/01/11 11:19 PM
We've all seen those home improvement programs that use a new coat of paint to upgrade a home's interior. Painting is a great way to improve the Denver home, especially if you plan to sell. It's also a relatively inexpensive project to tackle that can make your home look fresh and clean. A fresh coat of paint is not only refreshing and uplifting, it also helps get rid of that stale, musty odor in older homes with older paint jobs. But were you also aware that changing a home's color can change your mood? If you're thinking of selling your home, (2 comments)
We now are seeing year over year numbers improve substantially as the 2010 stimulus closings are mostly out of the picture. I believe that the Low Inventory is the real story. If you have a Denver home that shows really well and is priced correctly, there is a buyer out there for it! I have found that some of the bank owned homes now show better than many of the normal re-sales. The banks are starting to get it, and are making their homes show well.
July was the second month in 2011 which resulted in at least (0 comments)
denver home buying: Will the S&P Downgrade Affect Interest Rates for Denver Homebuyers? - 08/18/11 12:05 PM
You may have heard or seen the news that Standard & Poor recently downgraded the United States’ credit rating for the first time in history. There has been a great deal of talk about how this will affect the country, but will it have any effect on people who are thinking about buying or selling a Denver home? You can watch this video with Lawrence Yun, Chief Economist with the National Association of REALTORS® for more information, but what this basically means is that the cost of borrowing money is going to increase. It’s not clear when this could begin happening, (0 comments)
denver home buying: Great RE/MAX News for Denver Homebuyers and Homesellers - 08/15/11 02:25 PM
The customers have spoken! I'm pleased to announce that buyers and sellers now realize what we have always known…RE/MAX agents are the ones that consumers trust most when it comes to navigating a sometimes challenging real estate market. In the 2011 J.D. Power and Associates Home Buyer/Seller Study released recently, buyers and sellers award RE/MAX the highest rankings in customer satisfaction. I’m also happy to share this video with you from RE/MAX CEO Margaret Kelly as she talks about the study’s results.
The study uses three factors to measure overall satisfaction in the home-buying experience: agent/salesperson, office, and variety of (0 comments)
denver home buying: Is Relo Rebounding in Denver? Denver Relocations Picking Up - 08/04/11 02:03 PM
The gap between talent and available jobs has caused firms across the country to get a bit more competitive. A recent RIS media article penned by Steve Cook seems to indicate an uptick. According to the article, up to 50% of recruiters and hiring managers have started to reach outside their local market to find the right talent.
Steve quotes a new national survey by Dice Holdings, Inc., a company that specializes in career websites, which “found that slightly more than half (51 percent) of employers and recruiters anticipate hiring more professionals in the second half of 2011 than in (0 comments)
denver home buying: What the Housing Report Means for Denver Homeowners - 07/30/11 12:08 AM
I wrote last month about a report that should be of interest to Denver homeowners - the Standard & Poor’s Case-Shiller Home Price Index for 20 large cities. This monthly report is compiled by comparing matched-price pairs for thousands of single-family homes in 20 major U.S. cities. There is hopeful news in the most recent report for Denver homeowners.
Although the most recent report shows that Denver home prices posted a year-over-year decline in May for the eleventh consecutive month, it also shows that they rose from the previous month for a second straight month. Also, the Denver average home (2 comments)
News and information related to living in Douglas County and Parker, Colorado. Go to our website at http://www.BandyHomes.com to search all homes and real estate for sale in Parker and the entire Denver metro area. Save your searches & favorite properties, make notes, get email alerts of new Denver listings matching your criteria. Virtual tours, mapping, multiple photos of Denver properties.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.