Landlords of Denver Buy and Hold Properties are enjoying collecting rent on their close to full if not completely full rentals. According to the Denver Business Journal, “Less than 2 percent of the
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If you own Denver Investment Properties, then you’ll be happy to hear that prices are increasing. As The Colorado Division of Housing sites, “According to the LPS Home Price Index for February, released
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The Boulder/Denver real estate market is experiencing Low Inventory, Excellent Interest Rates and quick movement. We could - could I say - be on the cusp of swinging from a Buyer's market to a Seller's market. As this change occurs, home values will lead - be higher than the previous sale. What was occuring for the past several years was that home prices were lagging - possibly showing at or less than the previous sale. This is a pretty excitime time in real estate. You might want to interivew some buyer's agents to find out about the market and whether the home just seems expensive or is truly a good value. When you purchase, you are entitled to have an agent represent your best interests, so why not find someone now!!... more
I am excited to report another happy homeowner has closed on a rather impressive 203K project in Denver. They just closed today, and will be starting renovation on their home they refinanced. That's right,
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Communication is the key to team building An old proverb states that “To him that watches, everything is revealed. “The challenge of supervision is to bring actual performance into line with desired
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Do you love modern architecture? For those who live and breathe for the beauty of clean lines and loft style spaces, get your walking shoes ready! Denver Modern Home Tour returns on June 2nd this year,
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I am often asked by buyers about the relative safety of a community. We as Realtors are not to comment directly about our opinion of a prticular neighborhood's safety or crime statistics. But we are allowed
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If you have been reading my columns these past months, you would know I have been talking about the Denver real estate market converting to a seller’s market. In keeping with that theme, I wanted to
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1.  Do Tell: Anything in or around your home that is ‘new’ (or nearly so). To a buyer, seeing features, amenities and appliances described as new-ish creates several connotations beyond the dictionary
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Amy Hoak of Marketwatch covered this topic.
There are two main justifications for an appeal, William Fall, chief executive of the William Fall Group, a national appraisal company said: Either the appraiser neglected to consider similar, recently sold properties in the final value, or the appraiser made a significant error or omission in reporting characteristics of the property that could affect value.
But remember, to make the case that a home improvement should have been considered in the appraisal, it has to be shown to be a major capital improvement, such as a new kitchen. It's a good idea to save records of these upgrades as proof.
The important takeaway from this article is consumers have a right to appeal.
No, I personally haven't done this. But, I have been successful in making a case with the lender. As the market has become a seller's market along the Front Range, the lender might be impressed to hear that there is a lot of interest in a particular property. Bolstering confidence in the market may take a while. By summer's end, things could improve.
Regards,
Suz... more
Real Estate Outlook: Housing to Play Key Role in Electionby Carla HillWashington and the housing market are never far apart. Experts ranging from real estate professionals to the members of the Federal
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Finally, there is hope for the Denver Condo Market. The last round of choking FHA rules basically shut down the Denver condo market for the last few years. FHA and conventional lenders wouldn't touch
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Early this week, we posted here about a report from the Colorado Division of Housing showing mixed numbers for Colorado foreclosures in April. Yesterday, RealtyTrac released its report, showing a a slightly
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Considering purchasing investment properties Denver? Get in now and accelerate through. According to Buy it, Fix it, Sell it, Profit! by Kevin C Meyers, “…speed is one of the secrets of success
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Good news for fix and flip Denver investors. According to the Denver Business Journal, “Metrolist Inc.  released its April data Thursday — and every category showed year-over year improvement.
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Right now I have to admit, when you hear rates are low take heed. The current rate on FHA's 203K remodel mortgage have dipped below 4% on a 30 year fixed rate. Tell me where you can find "construction
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Daniel,
Good answer below by my distant relative, Susan. :) There is a good chance and there are lenders who specialize in working with these unique programs. I can get that information for you. You might consider purchasing a condo or townhome with the shortage of homes in your price range right now. The lender will also be able to check the status of the HOA and find out if the development is FHA approved in advance of making a commitment on a certain property. Good succes to you on your purchase. It certainly is better to purchase than to rent in most situations.
Robert McGuire ASR
Realtor/Consultant
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct – 303-669-1246
www.theRobertMcGuire.com... more
Only a licensed agent or an attorney can complete a contract to buy and sell real estate in Colorado. If you want the Listing agent to put together a contract between you and the seller, you are asking for trouble. That agent would only represent the seller and would have no fiduciary duty to you, the buyer. The best thing about having an agent of your own is you are represented in your offer, counter offers, and at the closing table. Even if this isn't your first rodeo, you will have someone (paid by the seller) to give you answers to every conceivable question or problem that arises.... more