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Bryon Self - Denver Rent to Own

Your Denver Area Rent to Own Specialist

By Bryon Self | Agent in Castle Rock, CO
  • Rent to Own Denver Homes - Stats for 4/3/2013

    Posted Under: Market Conditions in Denver, Home Buying in Denver, Rental Basics in Denver  |  April 3, 2013 9:15 AM  |  441 views  |  No comments
    As the Denver purchase market heats up (listed on Zillow as one of the top 12 Hottest markets in the country), there are still sellers who are willing to consider a lease option/purchase or owner carry to sell their home. In a search of all such available properties on the MLS in the Denver Metro area (including Boulder) there are 68 homes available for rent to own or owner financing. Expect this number to shrink as the buying season goes on as sellers are looking to cash in equity gains, and/or upgrade their homes due to the low interest rates available. 

    For more information on rent to own Denver homes, or to buy or sell Denver homes, please visit the websites at www.RentToOwnDenverHomes.com or www.MyDenverHomeAgent.com. 
  • Colorado Apartment Vacancy Rates Drop

    Posted Under: Market Conditions in Denver, Home Buying in Denver, Rental Basics in Denver  |  February 21, 2013 8:46 AM  |  301 views  |  No comments

    Average apartment vacancy rates statewide dropped to 5.2 percent in the fourth quarter, the 13th consecutive quarter they’ve dropped on a year-over-year basis, according to a report released Wednesday by the Colorado Division of Housing.

    The Colorado Vacancy and Rent Survey report didn’t include average rents or vacancy rates for metro Denver apartments, which were included in a separate report in January.

    Apartments were more scarce in the Fort Collins-Loveland area, where the rate dropped again to 2.4 percent in Q4 2012 - a 1 percent drop from an already tight market in Q4 2011. Vacancy rates in western and southern areas of the state, meanwhile, increased. In Colorado Springs, it rose to 7.1 percent in the fourth quarter, up less than 1 percent from Q4 2011. In the same time period, Pueblo’s vacancy rate jumped from 7.3 percent to 10.7 percent and Grand Junction’s rose from 7 percent to 9.7, the report shows. Source Denver Business Journal

    For more information on rent to own Denver homes, or to buy or sell Denver homes, visit the websites at www.RentToOwnDenverHomes.com or www.MyDenverHomeAgent.com. 

  • Rent to Own Stats for 2/20/2013

    Posted Under: Market Conditions in Denver, Home Buying in Denver, Rental Basics in Denver  |  February 20, 2013 9:03 AM  |  272 views  |  No comments
    There are currently 29 properties listed for rent to own in the Denver Metro area. Below is a breakdown of those properties.

    6 Homes Listed from $0-200,000

    4 Homes Listed from $200,000-400,000

    9 Listed from $400,000-1,000,000

    10 Homes Listed over $1,000,000

    Rent to Own Homes by City
    3 Homes in Aurora
    4 Homes in Castle Rock
    5 Homes in Denver
    3 Homes in Evergreen
    3 Homes in Golden
    3 Homes in Lone Tree
    2 Homes in Parker
    1 Home in each of the following: Centennial, Cherry Hills Village, Edgewater, Littleton, Thornton, and Westminster

    Statistics from Metrolist

    For more information on rent to own Denver homes, visit the website at www.RentToOwnDenverHomes.com. 
  • Rent to Own Stats for 2/15/2013

    Posted Under: Market Conditions in Denver, Home Buying in Denver, Rental Basics in Denver  |  February 15, 2013 7:47 AM  |  289 views  |  No comments
    There are currently 35 properties listed on the MLS for lease option/lease purchase in the Denver Metro area. Prices range from as low as $99900 to as high as $7mil. We are getting into the hot buying season for homebuyers, and sellers are less likely to list their properties as a lease option/ lease purchase because they can sell their homes faster and for more money. We choose to focus on a different strategy for finding rent to own homes for our clients, utilizing targeted search criteria to identify sellers that might be willing to sell their homes with a lease option/ lease purchase.

    For more information on rent to own Denver homes, or to buy Denver homes or sell Denver homes, call 303.990.9320 or visit the websites at www.RentToOwnDenverHomes.com or www.MyDenverHomeAgent.com. 
  • Resolutions for 2013 - Part 1

    Posted Under: Home Buying in Denver, Home Selling in Denver, Rental Basics in Denver  |  December 26, 2012 6:26 AM  |  269 views  |  No comments
    For years, both buyers and sellers have both been sitting on the fence. Buyers have been waiting for the market to bottom out, so they can purchase at the best price. Sellers have been waiting for prices to improve, so they can sell at a better price.

    With the housing recovery underway, 2013 is shaping up to be the perfect time to resolve those concerns.

    Buying or selling, here are some top-of-the list resolutions you should consider.

    Resolutions for buyers

    • Monitor your credit - Stop paying for a credit monitoring service and do-it-yourself. You get one free credit report from each of the big three credit reporting agencies - Experian, Equifax and TransUnion - as well as from any smaller credit reporting agency regulated by the Consumer Financial Protection Bureau.

    If you begin in January getting a report from one agency, get the other two over the course of the year, ideally four months apart - January, May and September - effectively creating your own credit monitoring service - at no charge.

    Your credit report is free, but you should also buy your credit score - a numerical rendition of your credit report.

    Dayle Snyder with Snyder Group Luxury Real Estate in Las Vegas, NV, says look at your credit score from the lender's perspective. The least expensive loans are available at a score of 670 and above.

    If you have blotches on your credit report, take action to correct mistakes, rectify late and missing payments and pay down bills, all to improve your score. It takes time to improve your score and fix credit issues, so don't procrastinate, especially if you plan to buy a home this year, says Snyder.

    Landlords, employers, insurance companies and others also consider credit scores.

    • Rent to own. Prices are rising and if you aren't quite ready to buy, better position yourself to buy by renting a home with an option to buy it.

    Thomas Myers with Foreclosure.com says, "Think of it as home-ownership-in-training."

    In a rent-to-own deal, you pay rent, but a portion of your monthly payment goes into a down payment to buy the home.

    If you don't have pristine credit at the onset of the rent-to-own deal, you'll have time to get you and your credit standing ready for a purchase.

    With some lease options, you can lock in at today's low prices for a purchase down the road, when price could be higher. You'll build equity while you wait to buy. Source Realty Times

    For more information on buying or selling Denver homes, or for rent to own homes in Denver, call 303.990.9320 or visit the websites at www.MyDenverHomeAgent.com or www.RentToOwnDenverHomes.com. 

  • Rents Up 5.6%

    Posted Under: Home Buying in Denver, Home Selling in Denver, Rental Basics in Denver  |  December 22, 2012 6:32 AM  |  287 views  |  1 comment

    Rents Up 5.6% Year-over-Year, But Prices Catching Up in Largest Markets
    Nationally, rents rose 5.6% year-over-year, outpacing the national price gain of 3.8%. But, remember, price gains are now uneven, with prices in the biggest metros up 5.4% year-over-year. In fact, even in some markets with the biggest rent gains nationally, prices are zooming ahead of fast-rising rents–including Denver, Seattle, and San Francisco. Across the largest 25 rental markets, rents are rising faster than prices in only 11 markets, and prices are rising faster than rents in the other 14. That means in most of the largest rental markets, homeownership is getting less affordable relative to renting.

    Y-o-Y Rent Increases vs. Y-o-Y Asking Price Gains

    #

    U.S. Metro

    % change
    in rents,
    Y-o-Y,
    Nov 2012

    % change
    in asking prices,
    Y-o-Y,
    Nov 2012

    1

    Houston, TX

    16.8%

    2.3%

    2

    Oakland, CA

    11.6%

    10.5%

    3

    Miami, FL

    10.8%

    7.6%

    4

    Denver, CO

    9.0%

    12.4%

    5

    Philadelphia, PA

    8.9%

    -0.8%

    6

    Seattle, WA

    8.3%

    8.8%

    7

    Minneapolis-St. Paul, MN-WI

    7.8%

    7.1%

    8

    Chicago, IL

    6.9%

    -3.1%

    9

    New York, NY-NJ

    6.6%

    0.3%

    10

    San Francisco, CA

    5.8%

    9.5%

    11

    Boston, MA

    5.7%

    3.2%

    12

    Portland, OR-WA

    5.1%

    6.7%

    13

    Los Angeles, CA

    5.1%

    2.8%

    14

    Atlanta, GA

    5.0%

    6.0%

    15

    Baltimore, MD

    4.7%

    1.2%

    16

    Dallas, TX

    4.4%

    0.8%

    17

    Riverside-San Bernardino, CA

    4.1%

    9.1%

    18

    Tampa-St. Petersburg, FL

    3.4%

    7.4%

    19

    Orange County, CA

    3.2%

    7.7%

    20

    San Diego, CA

    2.8%

    5.4%

    21

    Washington, DC-VA-MD-WV

    2.6%

    6.4%

    22

    Phoenix, AZ

    2.3%

    26.9%

    23

    St. Louis, MO-IL

    1.2%

    1.7%

    24

    Sacramento, CA

    1.2%

    5.0%

    25

    Las Vegas, NV

    -0.7%

    13.7%

    NOTE: Largest 25 rental markets. Source Trulia

    For more information on Denver home buying or selling or for rent to own Denver homes, call 303.990.9320 or visit the websites at www.MyDenverHomeAgent.com or www.RentToOwnDenverHomes.com. 
  • Rent to Own Denver Homes - Market Update for Lease Option Homes

    Posted Under: Market Conditions in Denver, Home Buying in Denver, Rental Basics in Denver  |  December 11, 2012 9:04 AM  |  299 views  |  No comments
    Rent to Own Denver Homes News - There are currently 66 homes listed on the MLS that are listed as either lease option or lease purchase, terms synonomous with rent to own. Prices for these homes range from as low as $105k to into the millions. There are also some creative ways to find homes that are not listed as lease option/lease purchase. For this, you need an expert in lease option/lease purchase. Source Metrolist

    To find homes that are available for rent to own, call Denver's premier expert on rent to own, Bryon Self at 720.432.4RENT (4736) or visit the website at www.RentToOwnDenverHomes.com. 
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