Real Estate News - Denver, Colorado - Blog Archive: May, 2014

May 2014

Found 20 blog entries for May 2014.

What to do in a Power Outage at Your Denver Home

Power outage

What to do if you experience power outage in your Denver home

It can happen right? Suddenly you lose all power in your home. Strong storms, grid failure, and frayed wires can all result in power outages. What you should do depends on the cause of the outage, the type of outage, and the season. The following guidelines cover all common situations, so that you can have your power back as quickly and easily as possible.

  1. If you’ve lost power, the usual culprit is the weather. First, however, check to make sure you haven’t blown a circuit breaker or fuse. If not, inform your utility provider of the outage—chances are, yours isn’t the first call and the utility company is already working
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How to fix a Leaky Shower Head | Fixing a Leaky Shower Head Denver Plumbing Tips

shower headDrip. drip. drip¦ drip. You wait to see if it stops, but it doesn™t. Not only is a dripping shower head annoying but even a small dripping of water can waste quite a large amount of water in a short period or time if left dripping. Often, the leaking is due to a worn down rubber gasket, which is easy to fix. To check if this is the problem, unscrew the shower head, using a wrench if needed. Take out the rubber gasket”or œO-ring. If it leaves black gooey residue on your fingers, it needs to be replaced.

Take the old O-ring to the hardware store and buy a replacement of the same exact size. While you™re there, pick up some Teflon tape; you™ll need some of that as

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Let me count the reasons:

  • flight to quality due to rising geopolitical risk,
  • the Fed's promise to keep short-term rates low for a long time,
  • Japan's massive monetary stimulus, the ECB's decision to start printing money,
  • weaker than expected US growth,
  • no evidence of commodity or wage inflation in the US and the Fed's continued purchasing of over half of all MBS!

Rates have bottomed!           

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Many experts are currently discussing how real estate is an investment, the movement on mortgage interest rates and reasons to buy now instead of waiting. It is important that we realize that this does not apply solely to the first time home buyer.

The opportunity that exists in real estate today is there for everyone!

However, the family that already owns a home might be thinking that, if they wait, their home could be worth more next year than it is now. And that may cause them to delay moving up to the home of their dreams thinking it makes good financial sense. Actually, the opposite is true. This is the best chance a family has to buy up into the home that makes sense for their family right now.

We must realize that whatever percentage

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A recent article written by Kelley Holland of CNBC titled “Retirement trumps home ownership for millennials” references a National Endowment for Financial Education study that claims only 13% of Millennials see home ownership as a top priority.

Half of the same sample claimed retirement saving was their primary goal.

The last decade, or the fail decade as it is known by MSNBC’s Chris Hayes, has wiped out countless sums of home equity. Even in the gains of the last two years, we are not back at the record highs of 2005 and 2006.

The correlation here is that this decline in home prices is when Millennials have come of age. We have grown up in a time when people began treating home ownership like they would a swing trade. It became the same as

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The housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishing rapidly. Now may be the perfect time to sell your home and move to the dream house or beautiful location your family has always talked about.

The one suggestion we would definitely offer: DON’T OVERPRICE IT!!

Even though prices have increased by more than 10% over the last year, the acceleration of appreciation has slowed dramatically over the last few months. As an example, in their April Home Price Index Report, CoreLogic revealed that home prices actually depreciated by .08% this month as compared to last

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No! They want you to Do as I Say… not as I Do

Confusion2

 

This adage could be no truer today after it has been reported, in a recent Herald Tribune article, that when it came to selling his Florida mansion, Al Bennati, the longtime chief executive of BuyOwner.com, has chosen to list his home with a local real estate agent.

BuyOwner.com is one of many websites out there now that encourage home owners that they do not need to enlist the help of a professional agent to be able to sell their home. They go as far as to tell homeowners:

"BuyOwner.com allows you to reach the most potential buyers in the shortest amount of time, in the most effective (the Internet) and most cost effective manner (no commission!) possible."

Let’s break down that

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New program offers No Down Payment Loan