Denver Real Estate Blog

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6 Hot new Rules for Denver Homebuyers wanting a Home!

Thursday, May 3rd, 2012 at 1:19pm. 224 Views, 0 Comments.

With signs of a housing turnaround getting stronger, housing experts say buyers are finding several recent changes when they go to put in an offer on a home. A recent article at U.S. News & World Report highlights some of these changing “rules” for your home buyer clients:

1. Lowball offers won’t likely stick: Sure, deals are still around, but lowball offers that aren’t in line with comparable sales data are increasingly proving to be a waste of time. Buyers may be better off asking for seller concessions, such as closing cost assistance or making home repairs, rather than making offers way below the asking price. “Keep in mind that a lowball number may turn off the seller and close down any chance at negotiation,” the U.S. News & World…

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Seller's Market in Denver? YES! The Good Homes are Selling Fast! Now is the time to buy or Sell

Tuesday, April 24th, 2012 at 12:18pm. 233 Views, 0 Comments.

Denver is 2nd in the Nation for Quick home Sales According to The Denver Post, No Kidding. Good Homes go fast and are getting more than Asking Price. This is Summer 2012 the Time to Sell and the Time to Buy!

New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook.

Metro Denver's real estate market, not long ago a buyer's domain, suddenly has shifted to a seller's paradise, at least in some neighborhoods and price ranges.

Realtors' offices in Metro Denver are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers — some of them above the asking price.

How fast is the market moving? A new report shows that Denver is No. 2 in the nation for the shortest…

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Heritage Homes: A List of Dos and Don'ts for First-Time Buyers

Tuesday, April 10th, 2012 at 8:46am. 287 Views, 0 Comments.

Buying your first home can be thrilling, frustrating, scary, and many other things for each buyer. If you have your eyes set on buying a heritage home there are even more factors to learn and keep in mind while you're touring these charming old residences. Below you'll find some dos and don'ts to consider if you're interested in taking on a Denver heritage home.

  • Do get a Denver REALTOR® you trust who has a good knowledge base of heritage homes and/or has a network of contacts who know the history of historic residences in the area. Maybe your potential Denver heritage home was the residence of someone famous, like the house of Titanic survivor, Molly Brown in the historic Capitol Hill neighborhood. You won't know unless you ask and your agent is…

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Five Reasons to Love Denver, Colorado

Wednesday, April 4th, 2012 at 1:05pm. 352 Views, 0 Comments.

As any resident of Denver, Colorado will tell you, this is a fantastic city in which to live, work, and play. However, you'll be hard-pressed to find any two people who can give you the same list of reasons they enjoy the area, as there are so many things to love! We've compiled a list of just five of the many things that attract homebuyers to Denver. Come visit and make a list of your own!

  1. Mountains & nature. Of course, the magnificent geography of Denver and the surrounding area should probably be at the top of any list of the city's many positive attributes. Nestled into the Rockies, Denver is home to many avid outdoorsy types. Skiiers and snowboarders love being able to hit the world-class slopes during the winter. Hikers, campers, fishing…

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Denver Mortgages/ What Is An FHA Loan?

Wednesday, March 28th, 2012 at 10:54am. 202 Views, 0 Comments.

What Is An FHA Loan?

FHA loans are offered by Denver area lenders.  The FHA does not make loans. It insures, in the event of a default, mortgage loans made by approved lending institutions, such as credit unions, mortgage companies or banks.

Advantages of FHA Loans

  • Low down payment - 3.5%
  • Less stringent loan underwriting guidelines - higher debt-to-income ratios allowed.
  • Fully assumable (With qualifying - this will be HUGE in the near future!)
  • 30 yr, 20 yr, 15 yr and ARM programs available

Eligibility Requirements

FHA financing may be by any qualified person, whether a U.S. citizen or not. However, the property must be the occupying borrowers' principal residence. The borrower must also have a social security number.

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HUGE Community Garage Sale in Highlands Ranch, Co.

Wednesday, March 28th, 2012 at 10:44am. 521 Views, 0 Comments.

Garage Sale in Highlands Ranch,Co

 5th Annual HUGE Community Garage sale this year Friday MAY 18th and Saturday MAY 19th in The Hearth Subdivision in Highlands Ranch. 

This is a big Event! There will be almost 190 homes signed up ready to sell, sell, sell. There will be signs all about and you will not want to miss the biggest and best garage sale in Highlands Ranch. Located on the South West corner of McAurthur Ranch and Quebec.  This is the area around Southbridge Rec Center.

 If you have any questions or want a list of available items contact Brian at brian@kennarealestate.com

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March Madness Of Real Estate

Wednesday, March 21st, 2012 at 2:57pm. 193 Views, 0 Comments.

It’s the time of year when the so-called experts tell you how to fill out your brackets for college
basketball. The frenzy has been coined March Madness. Well, in the mortgage
industry, we are seeing a frenzy of headlines, offers of so-called expert advice,
and an unusually high level of buzz around real estate and mortgages. Here are
some of the things I keep hearing…

  • § “The bank bailout settlement is going to allow all the shadow inventory to come to market at
    lower prices, which is going to drive home prices even lower.” Likely true. How much
    and how fast prices fall will be determined by the speed at which lenders
    proceed with the foreclosures.
  • § “The bank bailout settlement means people will get large principal reductions in their…

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Home Buyers/Owners, What is More Important Purchase Price or Finance Cost?

Wednesday, March 21st, 2012 at 2:48pm. 164 Views, 0 Comments.

We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home.
Obviously, price is part of the cost equation. The other piece, assuming you
are not an all cash buyer, is the mortgage rate. The mortgage rate to finance a
purchase can have a dramatic impact on the overall cost. Recently, there are
more people talking about the possibility that mortgage rates could begin to
increase.

HSH.com studies trends in mortgage rates. They explain:

“A better economic climate almost always brings higher rates, and a lessening of the troubles in Europe from
massive central bank assistance adds to the movement of money from safe havens to more risky assets, driving rates upward.”

Dan Green of The Daily Market Reports

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Is Now A Good Time to Buy? Warren Buffet Thinks So.....

Tuesday, March 20th, 2012 at 12:41pm. 227 Views, 0 Comments.

Hey Guys,

I was watching Squak Box on CNBC this week and Warren Buffett appeared live this week.

 During the interview, Warren was asked about the current
real estate market and whether he felt now was the time to buy. His response
was rather emphatic and has been used as a headline in hundreds of articles
since the interview:

“If I had a way of buying a couple hundred thousand single-family homes I would load up on
them.”

However, throughout the interview, he addressed the market from a few angles. Here is what he said:

Why invest in real estate now? 

“It’s a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out your interest rate’s too high, next week you refinance lower. And if it…

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Denver Curb Appeal

Friday, February 17th, 2012 at 2:39pm. 613 Views, 0 Comments.

When it comes time to show your Denver-area home to potential buyers, maximizing your property’s appeal starts with its outward appearance. It’s always important to make a good first impression, and selling your home is no exception. Here are some tips to help you improve your home’s curb appeal:

Identify Problems
First, take an in-depth look at your home’s exterior and landscaping, remaining as objective as possible. Start from the street, where potential buyers will get their very first glimpse of the property. Is the yard well manicured and presentable? Does the home’s exterior look polished and attractive? Then, move closer. Are the windows clean? Is there any mold or discoloration on the outside of the house? Identify what needs to be…

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