Monday, May 13th, 2013 at 7:26am. 195 Views, 0 Comments.
All over the country, a critical statistic has changed for housing markets. The average amount of time that a house spends on the market before achieving a sale is now less than 100 days. The public naturally reads real estate improvement into statistics like this. Nowhere is this change more evident than in the Denver area. However, the change is not necessarily a good thing for buyers.
What Has Happened to the Denver Real Estate Market?
Believe it or not, the median sale price of a home in Denver is now more than what it was in 2008. In fact, the median value of a sold home in 2008 was just $221,000 but the average price today is more than $250,000. It was just a few years ago that buyers were virtually dictating terms to sellers, who considered…
Friday, May 3rd, 2013 at 6:42am. 836 Views, 0 Comments.
At Kenna Real Estate, we firmly believe in giving back to our community and helping organizations that provide valuable service to those who are less fortunate and need assistance. We are proud to announce the sign-up for the 6th annual "HUGE" garage sale held in the Hearth neighborhood in Highlands Ranch, Colorado. Some proceedings will be donated to the Denver Area Humane Society, also known as the "Dumb Friends League", which is the largest community-based shelter for homeless pets in the Rocky Mountain area. The event will be held Friday, May 17 and Saturday, May 18, 2013. We are hoping to see the participation of hundreds of homes in the Hearth neighborhood for this year's garage sale.
Kenna Real Estate Is Delighted To Help the Denver Area Humane…
Thursday, April 25th, 2013 at 11:38am. 257 Views, 0 Comments.
Denver area home Prices going up faster than they did in the 1990's!
Denver Home prices will likely climb over 10 percent in 2013 and about 8 percent in 2014, according to Barclays analyst Stephen Kim, who recently upgraded his view of the housing market from neutral to positive. If you are looking for a home you will realize that there are many, many buyers looking at the same home and the good homes sell the first day most of the time for way more than asking price making values go up even faster!
In this Quarter alone the Denver area median home price went up an astounding 16.2%! This is according to the Denver Association of Realtors
Kim also told The Wall Street Journal recently that the very low mortgage rates are helping to make buying…
Wednesday, April 24th, 2013 at 3:39pm. 307 Views, 0 Comments.
NEW for 2013 -Mortgage Assistance Programs for Denver and participating Denver metro areas
We want to be the first to tell you about a special grant program for low and moderate income individuals and families that seek to bring the dream of home ownership within reach.
We know that lacking the funds for a down payment is often a barrier to home ownership.
For a 30-year fixed rate mortgage, this program helps with down payment and closing
cost assistance of up to 4% of your loan! This is a grant, not a loan.
Below is some of the criteria for buying a Denver home with little or no money down at all! Please contact us ASAP for more information on no money down programs.
• Program funds are available…
Sunday, April 14th, 2013 at 9:39am. 301 Views, 0 Comments.
"Flash Sales" are Heating up the Denver Real Estate Market!
There are some Denver Area housing markets heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” WHAT? Yes, you did read that right! We have had many home we have listed lately go in the first day and for more than asking price! It is crazy how the market changes,
There are many Agents looking at the homes at the same time with thier buyers and many homes are in "Bidding Wars!" These home with many offers are going for way more than asking price in many cases.
Recently analyzed MLS (Metrolist) and other additional housing data between Oct. 1, 2012 and Feb. 26, 2013, to reveal which metro areas are seeing some of the fastest sales.…
Tuesday, February 19th, 2013 at 2:17pm. 319 Views, 0 Comments.
If you are out looking to buy a home now you probably noticed it is a Mad home buying circus and a Sellers Market in Denver!
WOW have things changed in the Real Estate market in the last 2 years!
Most Denver area Homes are selling in the first few days and have multiple offers making it a perfect storm for Denver area home sellers. If you are out viewing homes you will see many other agents looking at the same time. "I had a showing set up last week on a home in Highlands Ranch priced at $275K and there where 7 other agents scheduled to see the home in the same 2 hour time block: says Brian Burke of Kenna Real Estate.
If you want a home you must have an "in" and an agent bird-dogging and gutting you in on the inside information. "I get up…
Friday, February 15th, 2013 at 12:29pm. 505 Views, 0 Comments.
Top10 Best Markets for Home SellersDENVER REAL ESTATE NEWS | FRIDAY, FEBRUARY 15, 2013
Todays Home buyers are finding more housing markets starting to tilt in sellers’ favors.
Denver is one of them for sure! If you are a buyer in todays market you are most likly finding it is a Seller's Market for sure! With many buyers and low inventorys on homes the buyers have no negotion power and may have to offer more than full price for the home if they want it.
For the average home in the U.S., the gap between the listing price and closing price is narrowing with sellers able to get more than 98 percent of their home’s listing price back. Also, the median days a home is spending on the market also is falling, dropping to 44 days…
Saturday, January 5th, 2013 at 4:41pm. 754 Views, 0 Comments.
So, you are getting ready to buy a home.
You have a pretty good idea what price range you need to look in, but what about the down payment? How much will you need to be prepared to put down and what should you put down?
The standard in buying a house is between 5% and 10% down payment. For example, if you were looking to buy a $100,000 house with 5% down, which would be $5,000, the remaining $95,000 would be financed with a mortgage company. Let's say you have owned that house for one year and the property appreciates in value by 10%, making it's value at $110,000. What that means is that you have gained $10,000 on your initial investment of $5,000. That is considered high-leverage and is a great return on…
Sunday, December 30th, 2012 at 2:30pm. 1124 Views, 0 Comments.
Short Sales in Denver Area - Part 2
Sellers: Documents Required to request a Short Sale
If you are in the beginning stages in selling your home as a Short Sale, here is a reference check list of the documents that will be required by the lender. Sometimes this packet is called the Hardship Package. It is a good idea to collect all the documents ahead of time to avoid delays and to make sure everything is in place. Lenders do not accept packets that are not complete, and submitting random pages or individual documents only causes delays in processing your short sale.
We require the seller to have the documents gathered ahead of time, even before listing the home. This way the ball gets rolling immediately and without delays. If your listing agent…
Sunday, December 30th, 2012 at 12:15pm. 718 Views, 0 Comments.
Denver Luxury Foreclosures
Finding and Getting your Diamond in the rough
When you do find a bank owned luxury home in Denver, you have (in most cases) come across a great deal. Often the homes are assessed several hundred thousand dollars more by the county than the listing price of the house is. With good credit or cash and with a clean contract (meaning - no contingencies) you…