February 2011

There are 21 blog entries for February 2011.

 

How is the Denver area rental market doing?  Great!  The vacancy rate is the lowest it has ever been since they began tracking it in 2004.  For those that follow this blog, you may realize this is the third time I have written about this in the past year.  I hate to sound like a broken record, but people need to realize just how significant this really is.  In certain counties in the Denver metro area, the vacancy rate is a whopping 0%.  Do you realize that means there are no rentals empty at this time?

I do not work with rentals and leasing, but this news is significant to me for two reasons.  First, for investors this is incredible news.  There are terrific deals out there right now on homes, especially in some of these counties where vacancy rates

3,879 Views, 4 Comments.

 

What is the HUD Good Neighbor Next Door program and is it available in Denver?  The Good Neighbor next door program is a terrific program through HUD, the U.S. Department of Housing and Urban Development, and luckily it is available in Denver and all of Colorado.  The Good Neighbor program offers law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians the opportunity to purchase select HUD homes at 50% off list price.

I will say that again so it doesn't look like a typo.  This select group of community members can purchase select HUD homes for 50% off the sales price.  So what is the catch?  Not much really.  Hud believes that these select "Good Neighbors" can contribute to community

8,117 Views, 2 Comments.

File this under the "There Ought To Be a Law" category. A client of mine closed on the sale of his property on Thursday. He took his proceeds in the form of a cashier's check from the title company to his bank on Friday. (I won't say which bank it was, but it rhymes with "base".) The bank told him that he would not have access to these funds for two weeks. Ummmmm...ex-squeeze me?

When he pushed the issue, the assistant branch manager said that she would call to confirm that the funds had transferred on Monday and my client should have the funds available on Tuesday. So the bank basically admitted that its policy is to keep money that rightfully belongs to its customers for 10 days, to use as it sees fit. In the end, the branch manager called my client,

2,836 Views, 2 Comments.

Please join your friends, neighbors and local merchants for February HUNI Hour at a HOT Highland location......Root Down! Enjoy award winning, free appetizers and amazing drink specials......$3 margs & select draft beers, $5 house red or white wine, $4 mojitos, “42 below” vodka rosemary, lavender lemonade AND seasonal boca loco caiprihanas!! Oh......and the perfect amount of fantastic door prizes!

The proud sponsor this month is ...local Highland, family owned business, Anchor Pest Control www.anchorpest.net they've been serving the front range for over 18 years! AND the grand prize is...........the newest Amazon Kindle 3G!!

A new treat this month will be longtime HUNI member, Ann Hershfeldt on the microphone! Ann's special “sound” is sponsored by the

2,812 Views, 0 Comments.

On Thursday, February 24th, I am pleased to host a special reception at the Highlands Garden Cafe at 5:30PM to 8:00PM as I present the first in a series of images from my Neighborhoods of Denver collection.  As a member of the great team of agents at Live Urban, I appreciate Live’s unique focus on our urban neighborhoods.  This series of images brings together my love of photography, (my first career many years ago) with my current role as an agent working and living in the Highlands.   This first collection highlights Sloan’s Lake - just one of the reasons we choose to work and LIVE here. 

The Highlands Garden Café and its unique cuisine is the result of my sister’s (Pat Perry) vision sixteen years ago to transform an older Victorian home on West 32nd…
2,612 Views, 1 Comments.

denverartmuseum_495Get out and enjoy all Denver has to offer with these FREE admission days at many of Denver's cultural attractions! Colorado's SCFD Tier I organizations provide free admission to Colorado residents on select days of the year. Free Days are funded in part, by the citizens of the metro area via the SCFD 0.1% sales and use tax.

It's a great value, so check out the dates below and have a free day! Additionally, The Tier I organizations (Denver Museum of Nature and Science, Denver Zoo, Denver Art Museum, Denver Botanic Gardens and The Denver Center for the Performing Arts) provide bookmarks listing their free admission days. Download your own Free Day Bookmark here.

Best Upcoming Denver Free-Admission Dates:

Denver Zoo -

3,743 Views, 0 Comments.

 

What type of deductions can I get now that I own a Denver home?  Since tax season is upon us, this question will come up more and more often in our office.  And while we aren't tax professionals, can't give tax advice and will always recommend you speak with a CPA about tax matters, there are some pretty common tax deductions available when you own your own home that we can point out. 

I always tell buyers who are wavering between buying versus renting that just comparing your monthly mortgage verse monthly rent is not a fair comparison, mostly because of the tax benefits of owning.  Below are some common deductions that I found in an article from Inman News.  Again, make sure to consult a professional tax consultant when it comes to taxes and

3,590 Views, 1 Comments.

 

Does Denver country offer recycling for small businesses?  Denver county offers a terrific and free recycling program for Denver residents.  Unfortunately, the same doesn't apply to small businesses in Denver.  I have been trying to figure out why, but Denver Recycles, a program of the City & County of Denver Public Works Department’s Solid Waste Management, is only authorized to provide services to residential homes of seven or fewer units.

If you ever work in a small business, or walk through the alley ways behind many of our boutique lined streets in Denver, it becomes apparent how much paper and cardboard small businesses use.  It sure would make sense then for Denver to offer recycling to small businesses not only because of the obvious benefits

5,121 Views, 1 Comments.

 

You got to eat and drink right?  Then might as well help raise money for a great cause while you are doing it.  Next Tuesday, February 22nd, join Planned Pethood International to help raise money for the International Spay/Neuter campaign.  Patrick Carroll's Pub will generously donate 20% of all food and non-alcoholic beverage sales toward the campaign.

Planned Pethood International provides training for veterinarians around the world in the practice of spaying and neutering animals, setting up spay and neuter clinics and teaching other countries on the benefits of spaying and neutering pets.

Planned Pethood International was founded in 2000 by internationally recognized veterinarian Jeff Young and is a non-profit division of Planned Pethood Plus,

3,017 Views, 0 Comments.

 

I want to buy a home in Denver.  Is getting an Adjustable Rate Mortgage (ARM) a good idea?  ARMs certainly have a bad reputation right now, and in many ways, deservedly so.  ARMs accounted for 70% of all mortgages issued during the boom and have been blamed by many for the bust.  But now it appears that ARM's are making a comeback and Freddie Mac predicts by the end of the year they will make up 10% of all new mortgages this year.

So is it a good idea to go with an ARM when buying a new home?  That all depends on how long you think you are going to be in a home.  The average rate for a 5 year ARM is 3.5%  Compare that to a 5% average for a 30 year fixed and you can see the obvious difference in rate.  On a $200,000 mortgage, the monthly ARM payment at

8,699 Views, 3 Comments.