colorado real estate: Denver ranks #1 in cities to invest. How Can You Profit From Housing Growth in Denver, Colorado - 01/06/12 11:28 AM
Interesting video on Fox Business News today. Greg Rand CEO of Own America said Denver is the top city for investment opportunities in real estate. He says there is a nationwide migration coming into Denver due to our young average age and awesome lifestyle. There is something to be said for our mountains and blue skies. Overall good news and our market has done very well. Worth a view! Watch the latest video at video.foxbusiness.com … (0 comments)
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colorado real estate: Top 5 things to look for during a home inspection and what you should learn. - 11/16/11 12:18 PM
Inspections are often a "sticky" part of the real estate transaction. Often buyers get bogged down in the details and want to ask for the moon to be fixed before moving on. Hence I find myself talking the buyer down to focusing on the saftey issues and big ticket items. Well, thanks to local Denver inspector Darryl Bashline from DBInspections he has so kindly put into words for us:
1. What are the top 5 things you don't want to find during a home inspection?
A: You don't want to find safety of costly repair issues such as: 1. Foundation problems 2. Roof/Structural problems 3. Water/wet basement/crawl space issues … (8 comments)
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colorado real estate: Are lenders tightening the lending guidelines or are they just going back to how they were? - 10/18/11 01:01 PM
Interesting video about lending today versus lending practices in the past. Most would say lenders are tightening but "...the reality that banks are not tightening their lending standards; they are just following the standard practices that they were using years ago." Also, investors might be able to expand their portfolio in the future... if all works out. Denver Real estate Investments: www.housefitz.com Denver Income Properties: www.housfitz.com … (0 comments)
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colorado real estate: Denver metro vacancy rates are at all times lows! Calling all investors. - 09/01/11 12:51 PM
Denver metro vacancy rates are at all times lows! Calling all investors.
Multiple articles are out this week about the low vacany rates for metro Denver. Two counties even posted a 0% rating (Broomfield and Boulder).
This is a good indicator for those thinking of investing in the Denver housing market. Rental demand is high which could drive rental prices even higher.
“Both the vacancy rate and the number of days on the market are at the lowest levels recorded since 2001,” said Ryan McMaken a spokesman for the Division of Housing.
1.9% was the highest county wide vacancy rate. Here … (2 comments)
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colorado real estate: Want to know your home's value? Why your local agent is MUCH more reliable than your real estate website. - 07/27/11 12:18 PM
Want to know your home's value? Why your local agent is MUCH more reliable than your real estate website. Finally! I just read this article: 4 ways online real estate valuations fail. I will add this to my library for refuting the monthly conversation of off-based website property values. I know Realtors are not the only ones putting out this fire, mortgage brokers and appraisers have the same objection: But ***** says my home is worth $270,000!
Here's their list of ways consumers could get bad comps:
if your home is older and has had a lot of improvements and even additions that are not in the county records, you're likely to … (2 comments)
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colorado real estate: 1672 Kendall Lakewood, CO, 80214, good opportunity for investors! - 06/13/11 03:04 PM
1672 Kendall Lakewood, CO … (1 comments)
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colorado real estate: Denver ranks #1 in April for fastest moving real estate market. - 05/25/11 02:14 PM
Denver ranks #1 in April for fastest moving real estate market.
I read this article ranking how quickly markets are moving. Realtor.com ranked the top 146 markets across the nation to gauge how quickly the market is moving and Denver came in #1. (California held 5 of the top 10 positions.) This is a great indicator for those that are questioning the Denver market. Still wondering if it is a good time to buy or sell? Here are a couple things to consider:
1. 30 year historical low interest rate's. Where are they heading? Cheaper to buy than rent?
2. Rental vacancy rates … (2 comments)
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colorado real estate: What Coloradoans need to know about home loan modifications. - 05/12/11 12:34 PM
What Coloradoans need to know about home loan modifications. This is a great article with tools on how to prepare for the loan process and how to proceed once in the process. Also, this is a good clip about some locals who were successful in getting a loan mod done... with help. The process is long and tough but persistence is key. 9News has helped get loan mods through but it would be nice to know that a news channel doesn't have to get involved to know the process is working correctly. They key is to remember NOT all homeowners will qualify and … (2 comments)
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colorado real estate: Loan modification and how to. What does it take? Colorado - 05/12/11 11:59 AM
Loan modification and how to. What does it take? Are you trying to get a loan modification done? If you are like many Colorado homeowners your thoughts are they don't happen. The truth is they do and NOT all homeowners will qualify. Also, this is a video from last nights 9News about a local homeowner who was successful but it came with some help. … (0 comments)
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colorado real estate: 9590 E Florida Ave #2025 Denver CO 80247 Copperstone condos - 04/11/11 02:42 PM
9590 E Florida Ave #2025 Denver CO 80247 Copperstone condos … (0 comments)
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colorado real estate: Short sale questions and answers: What is the priority of offers? Must knows for buyers. - 03/29/11 04:13 PM
Short sale questions and answers: What is the priority of offers? Must knows for buyers.
I found this article today regarding how realtor's handle offers in short-sale situations. There are many mis-conceptions and confusion about how short-sale protocol flows. Remember, there is a third party involved that requires "approval" outside of the two signing parties: the Lender. Banks often have addendum's and protocol that super cede your contract/offer and will pursue the best "net" offer. That means your contract is not approved until the lender signs off on it. Only then are you under contract.
"Ultimately, the short-sale addenda prevents the contract from being finalized so as … (2 comments)
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colorado real estate: Belmar neighborhood, Lakewood Colorado - 03/22/11 04:40 PM
Check out Belmar! I found this video featured by Denver Doings about the Belmar neighborhood. Belmar is a new diverse neighborhood in Lakewood CO with restaurants, entertainment, shopping, condos, nighlife, art and outdoor activities. Located just west of Denver and right at the foothills of the rocky mountains you will find something to like about this area. Access is great and the new Fastracks lightrail will soon be runnning. Check out the Belmar website: http://www.belmarcolorado.com/ To search available Belmar realestate: www.housefitz.com … (1 comments)
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colorado real estate: Questionable use of Colorado zoning laws and the tax implications. - 03/08/11 02:54 PM
Good local news article regarding the use of "AG-land" tax status. I have dealt with this in a current listing of 250+ acres in Parker CO. Clients tax bill hiked 70,000 dollars last year without notice. Clients zoning did not change but their use did. The question lies within the area of abuse. This could be used to fund schools but how much will it cost to fix? … (2 comments)
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colorado real estate: It is time to invest in the real estate market, are we passing the "bottom"? - 02/21/11 12:59 PM
Is it time to invest in the real estate market? Here is a CNBC video discussing our current market and the proverbial "bottom". It seems the role of investors has switched and folks want to invest in something other than the stock market. Investors are gobbling up 26% of the market (Jan.) with CASH deals. Also, flipping is back but yielding smaller returns and longer time-frames. Is this indeed the "bottom" for the real estate market? We are seeing a large number of investors in the Denver market. … (0 comments)
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colorado real estate: REO stats and forecasting. 2010 Foreclosure Report - 02/08/11 04:03 PM
I found this video: "Year-End Foreclosure Report" by RealtyTrac and thought it was worth sharing. This is a bare bones stat filled video on the #'s. We need to fix this problem and let consumers know they do have options. If you are thinking you need to sell your home or want to discuss options please give me a call: 720-581-2885 … (2 comments)
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colorado real estate: Anti-flipping rule has been extended through 2011. - 02/01/11 12:17 PM
Good News: The Federal Housing Administration has extended FHA's temporary waiver of the agency's 'anti-flipping rule.'
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through January 31, 2011. FHA today posted a notice extending this waiver through the remainder of 2011. This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and … (2 comments)
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colorado real estate: 250+ acre Horse property with development potential right outside of Denver. Hilltop Road in Parker, CO 80134 - 01/26/11 03:31 PM
250+ acre Horse property with development potential right outside of Denver. Hilltop Road in Parker, CO 80134 … (2 comments)
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colorado real estate: 70+ acres with horse facilities and Front Range views. 47841 County Road 101 Deer Trail, CO 80105 - 01/26/11 03:13 PM
70+ acres with horse facilities and Front Range views. 47841 County Road 101 Deer Trail, CO 80105 … (0 comments)
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colorado real estate: Cost vs Value: what are the best remodels/upgrades for your $$$$ under $5000? Part 2. - 01/20/11 12:44 PM
Cost vs Value: what are the best remodels/upgrades for your $$$$ under $5000? Part 2.
My last blog featured "big bang" home improvements but what if you wanted to spruce up your house for under $5000? Here is a list of the top ten home improvements you can do with good ROI. Most of these are simple and relatively cheap with good returns. Again, seems initial appeal is crucial. So roll up your sleeves, grease your elbows and fatten your wallet.
1. Cleaning and de-cluttering
2. Lightening and brightening
3. Home staging
4. Landscaping
5. Repairing electrical or plumbing
6. Updating kitchen & … (2 comments)
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colorado real estate: Foreclosure & Shortsale options! You do have a choice! Told no to your loan mod? - 01/17/11 12:42 AM
Foreclosure & Shortsale options! You do have a choice! Told no to your loan mod? Join the group!
I have posted a couple blogs regarding loan mod fraud. Let me state: I am not against the banks. I also recognize many professions participated in contributing to the state of our "business" and "economy". Buyers signed when they shouldn't have, regardless of the reason, and they are liable for it. Unfortunately we all have something to do with it: Lenders lent to everyone, Realtors said it would gain, loan officers capitalized, appraisers went with the flow and the market didn't do what "we" … (0 comments)
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