I want mountain views. It is a request that I get from prospective home buyers all the time, especially people moving in from out of state. Most out of state buyers are surprised initially that Denver isn’t actually in the mountains. And once they realize it isn’t, then they at least want killer mountain views.
With Denver being relatively flat and having lots of large trees, finding mountain views isn’t near as easy as one would think. As a result, I see a lot of buyers looking near the foothills and the west side of the Denver metro area for mountain views. And while you can get a small glimpse of the mountains from the west side, to truly experience the majesty of the front range, you actually have to go east.
Can you really get a good deal on a HUD home in Denver? I would say 75% of all new buyers I meet with tell me they want to buy a HUD home and a HUD home only. I assume that so many buyers think a HUD home is the way to go from advice they have heard from a friend or the media. And while buying a HUD home, essentially a government foreclosure, can be a great investment and a good deal, there is a lot more to consider before you set your sights solely on a HUD home.
The great thing about HUD homes is that they usually priced below market value. The government wants to move them quickly and in order to do so, they are priced very aggressively. And like with anything priced aggressively, there is going to be extra demand. As a result, you often see HUD homes
The FHA Energy Efficient Mortgage. It certainly isn’t a mortgage type that gets a lot of press but the more I learn about it, the more I’m convinced it definitely should. According to Preston Luckett, loan consultant with Guild Mortgage, the FHA Energy Efficient Mortgage (EEM) is a normal FHA loan where the borrower finances 100% of the expense of an “energy package” which saves the buyer more in
energy costs over time than the cost of the improvements themselves.
Simply put, if you find the Denver house you love, but replacing all the appliances, hot water heater, furnace, etc., just seems too daunting a task, now you have an alternative. The EEM allows you to roll the expense of replacing these items, the energy package, into your loan so that you…
There is quite a bit to think about when buying a home and typically insurance is isn’t at the top of the list. Most buyers will make sure they can get insurance on the house they are buying and that is enough for them. But perhaps it would be wise to look further into the insurance history of the home and that is where a C.L.U.E. report comes in.
C.L.U.E. (Comprehensive Loss Underwriting Exchange) is a claims history database generated by LexisNexis® that enables insurance companies to access consumer claims information when they are underwriting or rating an insurance policy. That sounds great for insurance companies, so why is it important to you?
A C.L.U.E. report is important to you because it allows you to see any past claims the current owner of…
Can you believe your chance to win $10,000 is only a few days away? I know there are lots of participants who can’t wait and have been looking forward to this day for months, and why shouldn’t they? There is still time to sign up so if you have been on the fence about it, now is the time to register and start collecting points.
If you have registered already, then you can easily start collecting points to give you a head start on the competition by visiting https://www.facebook.com/RaceNextPlace Remember, it is not an actual race but a game of wits and strategy. Plus, we will be raising a ton of money for a great cause, Habitat for Humanity, so invite a friend and don’t miss out.
For more information, make sure to visit www.racenextplace.com and check
Every year we agents wait to see 5280 the Magazine's Real Estate edition hit the shelves and see what they say the top Real Estate markets in Denver are and which ones are going to be in the coming year. While they aren't always perfectly accurate, they typically do a good job and buyers and sellers certainly listen to what they have to say. So it was good to see that this year they nailed it when naming Highland as the top hood in Denver.
According to the article, Highland "has become a nationally recognized, trendsetting model for the possibilities of 21st-century new urbanism" and I couldn't agree more. Whenever I meet with out of state buyers I am amazed at how many of heard of Highlands and the surrounding neighborhoods of North West Denver. For the…
How hot is the Denver Real Estate market right now? I have
been saying it for the past three or four months and feel like I’m starting to
sound like a broken record. But it is true, the Denver Real Estate market is on
fire and in an article in the Denver Post today, hard numbers are out which
help to back up my recent blog posts.
According to the article, Denver is second in the country
for days on market. With an average of 33 days, we are well below the national
average of 89 days. And a major reason they are going so quickly is a lack of
inventory while demand has spiked. “Unsold
homes on the market totaled 10,325 in March, a 42 percent drop from March 2011.”
As an example, I listed a condo on 13th and Speer
last week. Two years ago we had it
What is the deal with a 15 year mortgage? Should I consider
one when buying a Denver home? It certainly is a good question and one that we
hear more and more now that rates for 15 year mortgages are so incredibly low.
The average for a 15 year mortgage is now down around the 3%
level which is just plain crazy. In the past, lots of buyers shied away from 15
year mortgages because if you are paying your home off twice as fast, obviously
your monthly payments are going to be much higher. But with rates so low, you might
be surprised as to what you can afford and the benefits of paying it off in 15
years as opposed to 30 years are obvious.
Let’s look at some numbers. If you were to get a 15 year
mortgage on a $250,000 home with 3.5% down and
With the Denver Real Estate market so hot right now, multiple
offers are starting to become more and more common for the best homes in
Denver. It certainly isn’t something we have experienced in the recent past,
typically a low ball offer was more the norm than multiple offers with many
coming in above asking price. So with our market changing to quickly, what is
the best way to handle multiple offers to make sure you get the right house
before it is gone? Below are three tips that I share with my buyers to give
them the best chance to snag the perfect home before it is gone.
If you find the right house, jump on it before
others do. The longer you wait, the better chance there will be other offers
and the better chance the price is going
It isn't often you have chance to win $10,000, especially while helping out a great cause at the same time. And the 10 grand doesn't just have to be used for a down payment, it can be used for a new kitchen, backyard, whatever you want. Registration is open now so sign up and tell your friends, it is going to be great. Click here
to sign up.
Join us for the “Race To Your Next Place" on Saturday, May 19th, 2012. Registered racers in teams of two will participate in a city-wide scavenger hunt to win a $10,000 cash prize! It can be a down payment on a new home - or a new kitchen - a renovated bath - whatever you want! Our grand prize has been generously provided byGuild Mortgage, media sponsorship from The Denver Post Community, and all registration