denver home buyers: Positive Labor Market Good for Denver Buyers - 02/07/12 02:29 PM
If you’re a current Denver homeowner looking to refinance or a potential Denver home buyer, the labor market has just given you something to smile about.
The recent Jobs Report confirmed that job numbers have gone up and the unemployment rate has gone down. More than 257,000 private-sector jobs have been created since the previous Jobs Report, and the Unemployment Rate has dropped by 0.2 percent landing at 8.3 percent—the lowest rate since February 2009.
And according to the Commerce Department, December personal incomes jumped up 0.5 percent, which was higher than expected and a vast improvement over … (0 comments)

denver home buyers: Investors Tout Denver Real Estate Market for 2012 - 01/28/12 02:59 PM
If you’re looking for a great place to buy or invest in real estate, head straight to Denver, Colorado says Greg Rand, CEO of OWNAMERICA. Appearing recently on the FOX Business Channel, Rand discussed all the things that make Denver the choice of both real estate owners and investors for 2012 and beyond.
Living in Denver offers a quality of life that is drawing people in droves from the northeast, southeast and California to name a few. It has a low cost of living and a high quality of life that includes fresh air, outdoor sports, and a stable, young … (2 comments)

denver home buyers: Events of 2011 Impact Denver Homeowners - 01/07/12 03:48 AM
Many people were happy to close the books on 2011. But while the year is gone, its impacts on the housing market will continue well into 2012 and possibly longer. Here is a recap of five 2011 events that homeowners in Denver and across the country will need to keep an eye on.
Robo-Signing Reverberations – In 2010, some banks were accused of approving foreclosures without proper or complete documentation. In 2011, potential lawsuits made banks slow or stop their foreclosure processes, leaving affected homeowners hanging in limbo. It’s expected that settlements will begin in 2012, with a potentially large … (1 comments)

denver home buyers: DENVER REAL ESTATE MARKET UPDATE - DECEMBER 2011 - 12/28/11 04:23 AM

Market Metrics:
The inventory of active listings at November month end hit a new low at 12,634 units, a decline of 11% month over month and 37% year over year.  Buyer demand continues steady at a seasonally adjusted rate for the holiday season.  Declining supply and steady demand could indicate that we are poised for firming prices in the next six months.

Monthly Market Recap:
Average Price versus Median Price:
By definition, Average price is derived by adding all of the individual home sales prices to get a total sales volume ($) for the … (0 comments)

denver home buyers: House Flippers Impacted Current Denver Home Prices - 12/21/11 11:55 PM
If you thought you knew all the reasons why your Denver home has lost value, think again. As the Government continues to investigate the recent housing crisis, they have discovered something rather interesting. A report by the Federal Reserve Bank of New York shows that speculative real estate investors, commonly known as “house flippers,” may have had a larger impact than first thought in the housing bubble that helped create our current economic mess.
When down payments were low, house flippers used subprime credit and relaxed lending requirements to purchase multiple properties in Denver and throughout the country. More than … (4 comments)

denver home buyers: Is Your Denver Property in a Flood Zone? - 12/10/11 06:16 AM
You probably think that if you live in Denver or other areas of Colorado, you are safe from the threat of flooding.  After all, Denver gets very little rainfall annually and is 5,280 feet above sea level. Yet over 2000 people in Denver live on a flood plain, and the area has been hit with damaging floods in the past.
The truth is that Denver residents have a greater chance of losing their homes to a flood than to a fire. The Colorado Water Conservation Board states that over the span of a 30-year mortgage, there’s a 26 percent chance … (1 comments)

denver home buyers: Keep Your Credit Scores High to Buy Homes in Denver - 12/08/11 03:35 PM
If you’re planning any sort of large financial transaction—such as refinancing or buying a home in the Denver area—be aware of your credit score. Higher credit scores can mean a better chance of getting approved for a loan as well as a lower interest rate.
Here are five things you can do to help bump up your credit scores and keep them working for you whether you live in Denver, Seattle, Boston or anywhere in-between.
1.    Get and Check Your Credit Report Scores – Specifically, you want to look for any accounts or late payments that are not yours, … (2 comments)

denver home buyers: METRO DENVER REAL ESTATE MARKET UPDATE - NOVEMBER 2011 - 11/29/11 03:31 AM

Market Metrics:
In October, the unsold inventory of active listings in metro Denver hit a new low at 14,156 units, the second month in a row for setting a new low record.  As we are moving into new territory, there is steady demand by buyers and low inventory.  When one compares the Denver housing market to the nation, Denver continues to hold its own. When compared to October of last year, # of sales is about even, prices are about the same, while inventory is down 30% for single family homes and down 46% for condos/townhomes.  Since demand is … (2 comments)

denver home buyers: Colorado is Third in Nation for High-Tech Jobs - 11/26/11 03:25 AM
If you’re a high-tech worker, Colorado is a very good place to live.  According to the recent Cyberstates 2011 report from the Tech America Foundation, Colorado has the third-highest concentration of high-tech workers in the country. There were 156,900 high-tech workers in Colorado in 2010, and the state’s high-tech payroll of $14.2 billion was 12th highest in the nation.
States were ranked in several different ways, including total number of high-tech employees, total number of high-tech firms, and total high-tech payroll. In 2010, Colorado had 87 high-tech workers per 1,000 private sector workers, giving it the number three ranking behind … (2 comments)

denver home buyers: Home Buyers in Denver Hesitant–-and Most Everywhere Else - 11/18/11 01:13 PM
Interest rates are at record lows and home affordability is high. Yet many Denver home buyers and others across the country are waiting to buy a home, says a new survey by Move Inc. 
Of the 1,000 American adults questioned, 27 percent said they would buy a home in two or more years but just 2 percent will buy in the next 12 months. Those that are dragging their feet say they’re doing so because of concerns about the future of home values, the economy, and problems saving for a down payment.
Credit issues also share the blame. … (0 comments)

denver home buyers: Lower Foreclosures in Denver is Good News for Homeowners - 11/11/11 07:51 AM
The end of the third quarter for the Denver housing market reveals that both foreclosure filings and foreclosure sales have dropped markedly from this period in 2010. This is continued positive news for homeowners in Denver and the surrounding areas.
Foreclosure filings are the first step in the foreclosure process, ending with either a foreclosure sale or a homeowner settling with a lender to avoid the sale. The foreclosure sales data accounts for properties (mostly homes, but also some commercial properties and vacant land) that are bought back by lenders as well as those sold to third parties.
According … (0 comments)

denver home buyers: Beware These Myths When Buying Your Denver Home - 11/05/11 02:14 PM
Most Denver home buyers know at least the general aspects of buying real estate. But according to a recent Zillow survey of 1,000 potential home buyers, there are still some areas that can confuse even the more savvy buyers.
Here are five myths to be aware of as you buy your home in Denver.
1.    In a normal real estate market, home values appreciate by 2 to 5 percent per year. Over the last 3 to 4 years many markets have depreciated. The Zillow survey showed that 42 percent of buyers believed the yearly increase was 7 percent.

denver home buyers: Denver Home Prices Continue Upward Trend - 10/29/11 07:59 AM
Once again there is good news for Denver homeowners. From the latest S&P/Case-Shiller Home Prices Index, the prices of Denver single-family homes rose again in August, the fourth such increase in five months. This index report compares price trends among thousands of single-family homes in 20 housing markets.
With an increase of 0.4 percent, prices of Denver homes were better than all the 20 major U.S. cities in the report, which grew by only 0.2 percent. Denver also bested the group for month-over-month and year-over-year increases.
For the last 12 months the news was a bit less bright, with average … (1 comments)

denver home buyers: Denver Real Estate Market Update – September 2011 - 10/14/11 04:09 AM
Denver Real Estate Market Update – September 2011
Thanks to Jim Renshaw of Land Title Guarantee Company for sharing the information below.  Denver home sellers will want to note some of the good news on home sales and selling prices. Taken in total, the news is somewhat encouraging for Denver homeowners and Denver residents in general.
- - - - - - - - -
September posted a 12.5% increase over last year in residential closings taking the streak to 4 months in a row.  Inventory levels are extremely low watch for the supply and demand factor to cause an increase … (0 comments)

denver home buyers: Seeing Green on Your Denver Home Appraisal - 10/07/11 09:21 AM
If you’re a Denver homeowner who’s upgraded to energy-efficient appliances or features, you may finally get some payback. The Appraisal Institute, one of the largest associations of real estate appraisers and a leader in green valuation, has developed a new form to help analyze and value green features in a home.
At present, green features are seldom part of an overall home appraisal. So this form has been issued as an optional addendum to Form 1004 which is used by Fannie Mae, Freddie Mac, and the Federal Housing Administration for mortgage lending. It’s also used widely by appraisers who … (2 comments)

denver home buyers: DENVER REAL ESTATE MARKET UPDATE - SEPTEMBER 2011 - 09/25/11 06:11 AM

Market Metrics:
June was the first month in 2011 where closings exceeded $1.0 Billion, followed by July, and now in August, 3,973 homes closed at an average price of $260,821 which resulted in $1.0 Billion in sales volume for the month.  Wow, three months in a row with over $1.0 Billion in closings.  In spite of the national media, the real estate market is still quite active in Denver!
Monthly Market Recap:
As you can see above, inventory of single family homes is down sharply from a year ago, about 25% lower.  But sales are … (0 comments)

denver home buyers: 10 Tax Tips for Individuals Selling Their Denver Homes - 08/27/11 01:13 PM
As a real estate agent/broker, I steer clear of giving you tax advice when selling your home, as giving the wrong information might cause a lawsuit! The best policy is for you to talk with your tax advisor for specifics, but this list of IRS home-selling tax tips is a good starting point for understanding this complex issue that can be involved in Denver home buying and selling.
Here are the IRS's top 10 tax tips for home sellers:
If you have owned and used your home as your main residence for two of the five years prior … (4 comments)

denver home buyers: Provide Access to Help Sell Your Denver Home - 08/12/11 03:14 AM
Once you have your home priced right and showing like a model home, one of the best things you can do to help sell your Denver home is to make sure it’s accessible for showings. You want to make sure that showing agents have the ability to show your home whenever it is convenient for prospective buyers. Sometimes there are valid reasons why you may restrict the hours your home is open, such as someone who is sleeping during the day, but otherwise the showing agents should have access when buyers are available. If you limit the times when your home … (0 comments)

denver home buyers: DENVER REAL ESTATE MARKET UPDATE - JUNE 2011 - 07/01/11 03:28 PM

JUNE 2011
The Denver real estate market continues to slowly improve.
The May 2011 month end inventory of unsold homes is at 19,573 units, even with last month and down 11% from May, 2010.

4,777 units were placed under contract in May, up 1% from April and up 23% from May, 2010.
3,732 units sold/closed in May, up 9% from April and down 15% from May, 2010.

Residential average price, $257,177 for 05/2011, increased 3% month over month and 4% year over year.
Single Family average price, $279,443 for 05/2011, increased 3% … (2 comments)

denver home buyers: Home Ownership Still a Great Investment for Denver Homeowners - 06/17/11 04:31 AM
Denver homeowners will be happy to know they're in good company when it comes to national sentiment about home ownership. According to a recently released survey of 2000 voters by the National Association of Home Builders, 75% of Americans say that "owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market." Our country still believes strongly in the value of home ownership. After all, what's not to love - a place you can call your own, that you can decorate as you please, where you can raise … (0 comments)

Marianne Bandy, CRS, GRI, Certified Negotiation Expert (Bandy Homes) Rainmaker large

Marianne Bandy

CRS, GRI, Certified Negotiation Expert

Parker, CO

More about me…

Bandy Homes

Address: Keller Williams Park Meadows, 10375 Park Meadows Dr. #101, Lone Tree, CO, 80124

Office: (720) 870-0862

Mobile: (303) 746-7799

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