Real Estate News - Denver, Colorado | Page #37
Denver Real Estate Blog

Foreclosure is one of the worst dangers Denver homeowners can face. If you are missing mortgage payments, it is possible to avoid foreclosure with careful planning and negotiation. Here are some tips to help you keep your home:

Don’t Ignore Your Lender
If you’re behind on payments, be sure to keep in touch with your lender. Though it may be stressful to confront the problem, ignoring it will only make it worse. Be sure to read all communications from your lender, and contact them when you realize there’s a problem. Sometimes, lenders will have options to help you if you are unable to make payments.

Understand Your Rights
Revisit the fine print of your mortgage agreement. Understand when and how your lender can take action if you are behind on

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More Denver investors are finding a sweet spot in flipping foreclosures, but it's not the same type of house
flipping seen during the real estate boom.

During the housing boom, investors would take advantage of skyrocketing real estate prices and
loose lending regulations by buying a property, remodeling, and then selling it for profit.

Today's flippers are buying at ultra-low prices — mostly in cash deals — and are doing mostly only
minor repairs, such as repainting, replacing appliances, and sprucing up the landscaping. Their profits
aren't as large when they sell, but they may sell more properties in a year, says Penny Boling, the
broker-in-charge of Century 21 Boling and Associates in Myrtle Beach.

The 'Street Sweepers'

Keith Gamble has made

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 Pay Full Price For A Home In Denver

 You™ve been considering purchasing a Denver area home, have just 5% to put down, don™t want to pay monthly private mortgage insurance, consider offering full price. Why you ask?

 Here™s Why:

In today™s market, homes are priced to sell.  Sellers have very little wiggle room to negotiate .  Most are willing to negotiate 3% of the purchase price of the home or give you 3% towards closing costs, but not both. 

 If you have a little down payment, more often than not, you are stuck paying expensive monthly mortgage insurance.  For example, with 5% down on a 250k home purchase this insurance can run on the cheap end around $130 a month.  And the expensive end well over $200 a month.  The monthly premium for this

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If you are waiting to buy a home, wait no more!

For about the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent. Freddie Mac reports in its weekly mortgage market survey.

Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.

Here's a closer look at mortgage Interest rates:

A 30-year, fixed-rate mortgage: Averaging 4.60 percent this week, it was down slightly from last week's 4.61 percent average. Last year at this time,

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Signs, Signs, and More Signs

Brian Burke also relys on the Web to promote open houses in the Highlands Ranch community south of Denver. But the cornerstone of their marketing strategy is signs, and lots of them. Over the past three years they've amassed a collection of about 80 open house signs in an array of styles, colors, and sizes.

For a typical open house, Brian will spend two hours before the event setting up 20 to 40 signs. It may sound excessive, but "it really works," Rita says. "It brings the people in."

They use a mix of company-branded signs and specialty signs, which advertise giveaways ranging from fresh-brewed coffee to a list of area foreclosures.

"Different signs work for different properties," she says.

For example, they…
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As a full-service real estate agency, Kenna Real Estate offers special savings for homeowners who take advantage of our premium buying and selling services: We will sell your home for a flat fee of $2,500 if you purchase your next home with us.  EXPIRES August, 2014

The Service fees for the purchase of your next home are paid by the seller, meaning you can access our premium homebuying services and expertise for free, and save thousands on the sale of your own home at the same time. There are no hidden costs–the $1000 is applied toward the standard MLS Co-op fee. This is a great opportunity to take advantage of our comprehensive real estate services, including extensive online marketing and promotion to bring in more and better offers from

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The City of Lone Tree has announced a new program to help small businesses conserve energy and save money.  Working with Xcel Energy and its partner Franklin Energy, the City is offering an additional rebate to cover 100 percent of the cost of replacing older T12 fluorescent lights with more efficient T5 or T8 lights.  This makes good business sense because:

  • The manufacture of the inefficient T12 fluorescent lights will be phased out in 2012.  You will no longer be able to buy replacement tubes for your T12 fixtures and will eventually have to replace the old lights and related fixtures. Visit Frequently Asked Questions for details.
  • Combining Xcel Energy™s rebate with Lone Tree™s rebate will allow a small business to replace the out-dated T12
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Mortgage Interest Rates Move Even Lower This Week

WOW!  Fixed and adjustable-rate mortgages sank to new lows for the year, continuing a downward spiral for the eighth straight week. Freddie Mac reports in its weekly mortgage market survey. This Should encourage many Home Buyers to "get off of the Fence" and buy some homes. For Home Sellers in Denver and the Denver Metro area this means List your Home for sale now. It is Home Buying Season and home buying equals home selling. This is Exciting News.

Let's Take a closer look at how rates fared for the week:

• A 30-year fixed-rate mortgages averaged 4.49 percent this week, down from last week's 4.55
percent average. A year ago at this time. 30-year rates averaged 4.72 percent.

• A 15-year fixed-rate

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30-Year Rates on Home mortgages in Colorado Inch Up Slightly for the Week

After eight weeks of declines, the average 30-year fixed-rate mortgage, a popular choice among home buyers, edged up this week but still remains low by historical standards. Meanwhile, the 15-year mortgage continued to reach new lows for the year. Freddie Mac reports in its weekly mortgage
market survey.

Here's how mortgage rates in Denver fared for the week.

A 30-year fixed-rate mortgage averaged 4.50 percent, up just slightly from last week's 4.49 percent.
Last year at this time, the 30-year rate mortgage averaged 4.75 percent.

A 15-year fixed-rate mortgage averaged 3.67 percent for the week, which is down from last week's3.68 percent. That marks its lowest level since

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Fannie Mae is  making it easier for buyers and for real estate agents with Homepath Financing. Homepath is the name given to Fannie Mae's Finance program for Home Buyers. A Fannie Mae Home is a Foreclosure held by Fannie Mae.   If you submit an offer for a Fannie Mae HomePath property and close by October 31, 2011, Fannie Mae will pay up to 3.5% of the purchase price towards the Buyer's closing costs and Appliances. The will also insure the appliances.
There are programs also where you can get extra money escrowed for updates and repairs. ( Contact us for Details)    Homepath homes are just like HUD Homes and Foreclosures.
HomePath properties are pretty good deals.  Here's why:
  • No appraisal is necessary- Huge Bonus these days!
  • There
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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on June 5th, 2020 at 5:34am MDT.