Larry Hotz

"All Denver Real Estate"
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  • Real Estate Professional
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  • The Kentwood Company
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  • (303) 877-9344
Larry Hotz, in 80111
  • 22 Answers
  • 22 Useful Answers
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About Me
I've been selling homes throughout the Denver metropolitan area since 1978. I've been a managing broker for a large real estate firm. I've taught continuing education for Realtors and the Graduate Realtor Institute program for the Colorado Real Estate Association and The Colorado Real Estate Commission.

Most recently, I've been a managing editor for All Denver Real Estate blog. We are a group of Denver brokers from around the city who comment on real estate and lifestyle throughout the area. We be anxious to have your comments. In exchange, you will receive a very good link back to your blog or your website.
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Larry Hotz's Questions (1)
Larry Hotz's Answers (22)
Vicky Chrisn…, Real Estate Pro in Fairfax

Has anyone here purchased Real Estate using a Self Directed IRA?

Asked Sun Jul 27 2008, 14:44 by Vicky Chrisn…  -  All locations  -  Financing  -  3 answers
Larry Hotz answered:
I went to a seminar on this topic 3 years ago. The essence of it was that it was possible if you use an Custodian like the firm who put on the seminar and used a non-recourse loan like the one I have have linked below.

There were other restrictions like not using the property yourself as a second home.also, all rentals had to be arm lengths transactions and not made to family members.

When I researched this, I found that there were IRS cases where IRA holders were penalized when they made withdrawals to purchase rental property. I discussed this with my accountant, he pointed out that the advice that the IRS get you over the telephone is not binding in this matter and he would advise against it.

So, I suspect that it may be possible but also not without some risk. - Sat Oct 11 2008, 14:44
Susan Johnson, Home Buyer in New York

Buying property that's not actively for sale

Asked Tue Jun 24 2008, 10:39 by Susan Johnson  -  Buxton  -  Home Buying  -  3 answers
Larry Hotz answered:
There is another technique you could consider using.

You might to meet the people in the neighborhood. Consider walking up and down a few streets on a Saturday late morning or early afternoon. If someone is out raking leaves or doing some work on their home, it is a great time to engage in a little light conversation. You can spot the "talkers" easily. They will not just answer a quick question, they will walk up to you to talk. In our business, we call these people "bird dogs". They tend to know a lot about the neighborhood.

After you explain that you are interested in the neighborhood, they will often volunteer who might be moving. If they don't volunteer any information, you might ask: "Do you know anyone around her who might be thinking about or planning to move?

It's the personal approach. I have found it to work - Wed Sep 24 2008, 18:21
Christine, Home Buyer in Tucson

I am looking at buying a house that was treated for mold

Asked Mon Jun 9 2008, 15:48 by Christine  -  Eastside  -  Home Buying  -  8 answers
Larry Hotz answered:
I was surprised to find out that Johns Hopkins recently completed a study of mold which showed that the threat may not be nearly as dangerous as has been suspected. This study was first shown to me by a home inspector who has changed his tune about the dangers of mold.

Mold will never be a desirable thing to have a home but it's danger as a health risk may be less. You might want to read the story that I provided below. - Mon Aug 25 2008, 21:05
Ruthless, Just Looking in 60558

How are Zillow zestimates for the Denver area?

Asked Sun May 11 2008, 20:14 by Ruthless  -  80011  -  Home Selling  -  7 answers
Larry Hotz answered:
As already mentioned, Zillow doesn't work very well here unless you think 20% low is close enough.

The computer algorithm appears not to to consider such factors as contiguous neighborhoods. It will take sold comparables from across busy streets in totally different neighborhoods. It does not adjust for quality. It does not adjust for different builders and custom homes. And, it does not adjust for upgrades and updates.

The problem for us Realtors is to convince buyers and sellers that there is a better way to do it. The human way. - Sun Aug 3 2008, 08:09
Drew, Home Buyer in

moving to denver, looking for a nice area downtown...300k-350 k.....

Asked Sat May 17 2008, 14:09 by Drew  -  Denver  -  Home Buying  -  9 answers
Larry Hotz answered:
All the neighborhoods are good choices. I would also recommend Platte Park for its proximity to both Washington Park (higher priced) and the new light rail. Also, Wellshire has the lowest crime in Denver and many fine homes in that price range.

Below is a link to my neighborhood finder. IT will allow you to get detailed neighborhood reports on neighborhoods that match your own criteria. I hope is useful for you. - Sat Jul 26 2008, 09:22
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Specialties
Certified Residential Specialist, Among the top 3% of Realtors nationwide
Experience
Latest:
Broker for The Kentwood Company
As a top selling real estate broker for The Kentwood Company, Larry sold hundreds of homes throughout Denver and the south suburbs. He is consistently recognized in the company's Presidents Club awards banquet for exceptional sales.
January 1990—present
Previous:
Senior Faculty Member for Colorado Association of Realtors
Taught Continuing Education to real estate agents under the auspices of the Colorado Real Estate Commission on a part-time basis.
January 1991—December 1997
Previous:
Managing Broker for Perry & Butler Real Estate
Sold real estate in Denver and the Suburbs while managing the Cherry Creek Office. Developed training programs for the 8 office company and supervised 35 agents as the managing broker.
July 1978—December 1989
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