BuildSmart Regulations in Boulder County

Boulder County implemented BuildSmart regulations a few years ago and since then they have been tightening and perfecting the requirements for new developments. These building regulations are part of Boulder County’s Sustainable Energy Plan. All new developments in unincorporated Boulder County are required to follow BuildSmart regulations. Outside of the actual materials and inspection of the completed building, the BuildSmart…

Continue Reading →

Does Your Home Need an HERS Rating

The Home Energy Rating System is the standard by which a home’s efficiency is measured and is the same nationwide. This can be good for a homeowner to obtain for many reasons, the first of which showing where modifications can be made to improve efficiency and lower energy bills in a home. But when you’re selling your home, is there…

Continue Reading →

Your Trees Still Need Water in the Winter

As a homeowner, you are the only person responsible for the health of your lawn, including your trees, unless you decide to hire a professional landscaper. When winter comes, many homeowners take a break from managing their plants outside because everything is in hibernation, but that may not be accurate. Here’s how to give you trees the water they need:…

Continue Reading →

The Implications of Fannie Mae’s Investment in Invitation Homes

Earlier in 2017, Invitation Homes, one of the nation’s largest Real Estate Investment Trusts (REIT) went public. In addition to gaining billions in the capital market, they received a $1 billion interest-only loan from Fannie Mae. This loan was met with a lot of questions and outrage. People are concerned about Fannie Mae’s involvement in backing a company that buys…

Continue Reading →

Negotiating on an Inspection Objection – What You Need to Know

Once your home goes under contract, the ball primarily lies in the buyer’s court. They are legally allowed to walk away from the deal for almost any reason. This means you have to play your cards right, especially when it comes to resolving the Inspection Objection. You don’t want a buyer to turn away when you refuse to make repairs,…

Continue Reading →

Reasons to Turn Away a Potential Tenant

When you have a vacancy all you want is to fill it, and filled quickly but that doesn’t mean you should let just anyone in. Of course, you always need to comply with Equal Housing guidelines but there are plenty of reasons to say no to a tenant. It’s not worth having the risk of dealing with an eviction to…

Continue Reading →

Fall 2017 Denver Real Estate Market Update

The Denver area real estate market is still going strong even after seeing a 2.75% decrease in housing prices from July 2017 to August 2017. Home prices in the area have still increased over 8 percent from August 2016. While the market is still turning over quickly, the Denver area is on it’s way to becoming a more normal market…

Continue Reading →

5 Aspects of Setting the Right Price

Listing your home at the right price can feel like a scene out of Goldilocks and the Three Bears. Too high and you might be on the market for a while, too low and it cuts into your bottom line. So how do we pick the price that’s just right? Well, it’s more of an art than a science. Here…

Continue Reading →

Smart Home Updates to Help Your Home Sell Faster

Smart home technology is all the rage, and while not everyone needs these additions many buyers will go the extra mile to purchase an already equipped home. You don’t need to install voice-activated light switches to help push your home over the edge, but there are a few updates you can make to bring your home into the 21st century….

Continue Reading →

A History of Housing Inventory in the Denver Area: Where Has it Gone?

There has been a lot of talk recently about the low inventory in the Denver area, but how low is low? Let’s walk through the past 10 years of inventory levels to see just how low inventory is these days. In January of 2007, Denver had 41 months worth of inventory. In January, in the dead of winter when real…

Continue Reading →

What You Need to Know About Your Neighbors Before You Sell

In the current Denver area market, it doesn’t take much to sell your home. Inventory is still low and homes are being snatched up. However, if you’re looking to get top dollar for your home there are a few important things to keep in mind, starting with your neighbors. Here are 5 things to know about your neighbors (and neighborhood)…

Continue Reading →

Tax Time in Colorado: How Your Property Taxes are Determined

Under Colorado law, all counties must reappraise real properties every two years. The Notice of Valuations (NOV) must be mailed to the property owners on or before May 1st, on odd numbered years (2017). The taxes will be for the following 2 years. The tax rates are set in December each year. For most properties, 2018 (Intervening tax year) taxable value…

Continue Reading →

5 Outdoor Home Updates That Will Pay Off

It’s almost spring, or so they tell us, and you may have started thinking towards the summer with dreams of outdoor gatherings, beautiful gardens and maybe a firepit or built in grill. Before you run to grab your shovel and head to your nearest home improvement store, let’s dive into some numbers and make sure you aren’t throwing your money…

Continue Reading →

A Basic Real Estate Glossary

Each industry has its own jargon which can be overwhelming to those on the outside. Even having bought or sold a few times doesn’t guarantee you’ve heard and understood all of the lingo. To help you out in your real estate journey we’ve put together some common real estate terms (and a few uncommon but important ones) to help you…

Continue Reading →

Denver Market Update: Inventory Down, but Prices Remain Up

It’s time for another Denver market update. The winter/holiday season is historically very slow for real estate and we generally see a slight dip in home prices. So what does this season hold for Denver? Let’s take a look at the Denver market as of November 30, 2016. Number of New Listings – 967 in November 2016, down from 919…

Continue Reading →

Is a Condo a Good Investment?

Many people consider buying a condo to be a good investment, one you could live in for a while and rent out later or buy outright as a rental property. Are these purchases really all they’re cracked up to be? Let’s take a look at the numbers for the Northern Denver area: 2015 Average Sale Price For Condo October 2015:…

Continue Reading →

The State of the Denver Real Estate Market: October 2016

Denver area home inventory has been at historic lows since early 2012. The question all real estate professionals are asking is, when will it recover? Low inventory means higher prices, with some areas seeing increases in value as high as 7.6% within a year period. This means buyers are struggling to find a home they can afford and sellers are…

Continue Reading →

How Property Taxes are Determined

This post describes how the property taxes are calculated and what are the timelines in order to appeal if your property tax seems too high. Property taxes are determined on odd-numbered years for 2-year tax periods. Property taxes determined in 2013 will be the taxes for 2013 and 2014 State statute requires that each property in the county be re-valued…

Continue Reading →

“Unprecedented Opportunity for Sellers”

The Metrolist®, the Denver’s Multiple Listing Service, published a report titled “Denver’s Housing Market Continued to Recover in January Offering an Unprecedented Opportunity for Sellers“. The number of homes currently available on the market is at the lowest since 1990. “Year-over-year inventory levels continue to be low, home prices are up and average days on market (DOM) for Denver-area homes…

Continue Reading →

NAHB: All Colorado metros ‘improving markets’ except Colorado Springs

Colorado Department of Local Affairs: For the second month in a row, all metro areas in Colorado, except Colorado Springs, are on the National Association of Home Builders’ Improving Markets Index. For much of 2012, Greeley, Boulder, and Ft. Collins were included on the “Improving Markets” list put out by the National Association of home Builders. The February list, released…

Continue Reading →

2012 Wrap Up

Well,how did we do in 2012? I have wrapped up the highlights of 2012 in this short report full graphs and numbers. It includes information on the legislation front; rental market in Metro Denver, various vacancy rates by markets & dwellings, rent survey; Unemployment figures; Hiring; Home sales &Prices; new homes; and supply of homes on the market. Enjoy. 2012WrapUp

Continue Reading →

3rd Quarter 2012 Foreclosure Report

The Colorado Division of Housing has published it’s 3rd Quarter 2012 Foreclosure Report. After the peak of 2009, the foreclosures have been on a decline. The numbers for the 3rd quarter 2012 is down 23.6% over the same period in 2011. Please refer to the report for details and a quarterly graph of. A lot of factors are lining up…

Continue Reading →

S&P Case-Shiller Analysis & Graphs

Standard & Poor Case-Shiller® home price indices track home prices of 20 major cities. It is divided in a 10-city and a 20-city composite indices. The S&P/Case-Shiller® Home Price Indices are calculated monthly using a three-month moving average. This post compares the residential housing markets of Denver with the 2 composite indices. The data is from Standard & Poor CaseShiller®…

Continue Reading →

Existing-Home Sales and Prices

The talk of the summer was the housing recovery. The supply of available homes have dropped sharply. The graphs below capture the state of the market – the sales and the median prices The graphs include Supply of Homes on Market, Sales, and Median prices for four regions and the nation. The historical data is directly obtained from the National…

Continue Reading →

Mortgages with No or Little Down-payments

Yahoo Finance published an article on “Mortgages with No or Little Down-payments”. Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment. 4 mortgages are listed: No down VA No down Navy Federal No down Department of Agriculture Low down: FHA Read the full article here.

Continue Reading →

Home Ownership Rate Stands at 65.5%

Americans still favor home ownership. The U.S. home-ownership rate continues to remain around 65.5 percent, the U.S. Census Bureau reported late last week. The home ownership rate is nearly the same as it was in the second quarter of 2011 at 65.9 percent. Please read the full article in the Realtor Magazine. The peak was at 69.2% in 2004.

Continue Reading →

Higher Sales at Foreclosure Sales Auctions?

An article from the Certified Distressed Property Expert (CDPE) website stating the additional evidence supporting the shortage in the housing market. It is more difficult nowadays  for investors to pickup bargains. In the past the investors have been able to wait out the “preference” period given to home-occupant buyers. The HUD and many banks have a period of time giving…

Continue Reading →

HB 12-1237:CCIOA Record Keeping Requirements Overhauled

On 5/29/2012, the governor signed the House Bill 12-1237. The bill overhauls the record keeping requirements of Homeowner Associations mandated by the Colorado Common Interest Ownership Act (CCIOA).  The following is not a legal advice but a summary of the requirements. The bill also talks about, among other things, privacy issues, inspection rights of unit owners and the procedures thereof….

Continue Reading →

FHA Premiums Increasing

Effective April 9th, the FHA’s Mortgage Insurance Premiums will be increasing. The upfront premium, payable at closing, will increase from 1% to 1.75%. The annual premium increases from 1.15% to 1.25%

Continue Reading →

Yet Another Bill Introduced

Yet Another Bill Introduced, Senate Bill 12-162. “CONCERNING VERIFICATION OF REMEDIATION PERFORMED ON PROPERTY CONTAMINATED BY AN ILLEGAL DRUG LABORATORY”. Below are excerpts from the bill: (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary…

Continue Reading →

REALTORS®’ Confidence: Outlook is Up, Though Issues Remain

REALTORS® are seeing favorable market developments but also expressing continued concern with issues related to lending and appraisals, according to comments and replies they’ve provided this month for the REALTORS® Confidence Index. See Housing Stats and Analysis from NAR’s Research Experts

Continue Reading →

SB 70: The Uniform Residential Landlord and Tenant Act Passes Senate Judiciary

The Colorado Senate Bill 70 – 2012, creates the Uniform Residential Landlord and Tenant Act describing the obligations of both landlords and tenants as it relates to rental property and rental property agreements. The industry stakeholders including the Property Managers community, Colorado Apartment Association and Colorado Association of Realtors are in opposition to the bill. We are involved in and/or…

Continue Reading →

HUD secretary announces equal access housing rule

HUD secretary announces equal access housing rule: A new rule took effect this week barring those who own or operate U.S. Department of Housing and Urban Development-funded housing from asking about an applicant’s sexual orientation or gender identity, an Obama Administration official announced Friday.

Continue Reading →

Apartment Vacancies at 12-Year Lows

The Denver Business Journal reporting apartment vacancies at a 12-year low confirming the trend with single family home low vacancies and higher rents. Denver-area apartment vacancies hit 12-year low for Q4 .

Continue Reading →

Westminster Marched on Adding to 105 Acre Redevelopment Site

The Westminster Economic Development Authority (WEDA) is purchasing Sears in the former Westminster Mall  Per the Metro Denver Economic Development Corporation. The acquisition would add 7.8 acres to the currently purchased urban redevelopment site. WEDA purchased the most of the 105-acre site last summer. The vision for the new urban center is a mix of retail, office and residential. The…

Continue Reading →

Government Set to Sell foreclosures in Bulk

“The Obama administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, is very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration officials.” See report Government Set to Sell foreclosures in Bulk

Continue Reading →

Declining Supply of Homes

Supply of homes and condos priced $250,000-and-lower stands at only 3.69 months reports Inside Real Estate News.

Continue Reading →

Pertaining Laws

Law & Regulations investors and managers should know: Risk-Based Pricing & Credit Score Disclosure HB10-1278 HOA Registration LBP Compliance Guide LBP Pamphlet Renovate Rights Pamphlet HB09-1276 Delayed Foreclosure HB10-1249 Expedited Sale Protecting Tenants in Foreclosure HB08-1356 Warranty of  Habitability HB09-1091 Carbon Monoxide Law  

Continue Reading →

August Denver Home Price-Index vs. S&P Case-Shiller Indices

Standard & Poor Case-Shiller home price indices track home prices in 20 major cities. It is divided in a 10-city and a 20-city composite indices. The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average. This post compares the residential housing markets of Denver with the 2 composite indices. The data is from Standard & Poor’s Case…

Continue Reading →

Foreclosure Filings & Sales Down in 2011

Both the foreclosure Filings and sales at the public trustees auctions are down for the year compared with the same period in 2010. The foreclosure filings were down 31.4 percent and sales at auctions were down 18.5 percent. The report was released on Thursday by the Colorado Department of Housing.

Continue Reading →

Denver Home Prices up 4.5% Mar-Jun, down 2.5% Y/Y per S&P Case-Shiller

Standard & Poor Case-Shiller home price indices track home prices in 20 major cities. It is divided in a 10-city and a 20-city composite indices. The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average. There is a two month lag. This report compares the residential housing markets of Denver and the 2 composite indices. The data…

Continue Reading →

July Home Sales Up, Prices Down According to NAR

The latest existing-home sales report from the National Association of Realtors shows the prices in the West region is down by 7% from July of 2010 to July of 2011. The number of transactions, however, is up by 12% for the same period according to NAR. The West region which includes Colorado lags the nation. Click here for the analysis…

Continue Reading →

FTC Mortgage Acts and Practices— Advertising Effective August 19, 2011

A new rule from the Federal Trace Commission aimed to deter deceptions in mortgage advertising. The rule imposes record keeping among other things on those impacted by the rule. “The Rule will impact real estate professionals that provide this information to consumers, such as giving a consumer a lender’s rate sheet.” According to the National Association of Realtors. Federal Register…

Continue Reading →

Mid-year Housing Snapshot

Colorado Department of Housing has issued the Mid-year housing snapshot. Click here for the report. Or cut &  paste the link below into your browser. http://www.colorado.gov/cs/Satellite?blobcol=urldata&blobheadername1=Content-Disposition&blobheadername2=Content-Type&blobheadervalue1=inline%3B+filename%3D%22midyear2011.pdf%22&blobheadervalue2=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1251731922239&ssbinary=true

Continue Reading →

New Credit Score Disclosure

The Fair Credit Reporting Act (FCRA) was enacted in 1970 to promote accuracy, fairness and privacy of the consumer information collected by consumer reporting agencies (CRAs). There has been a number of amendments in using consumer credit reports to make rental decisions, specifically the adverse action notice. Dodd-Frank Wall Street Reform and Consumer Protection Act amends the FCRA to require…

Continue Reading →

New-home Sales Continues to Fall

“New single-family home sales fell again in the US, and in the West region, which includes Colorado. New home sales fell back to the lowest March total recorded in at least ten years. ” according to Colorado Division of Housing. http://www.divisionofhousing.com/2011/05/march-new-home-sales-still-at-ten-year.html

Continue Reading →

Denver-area home prices down 3.9% in Q1

Here’s a breakdown of year-over-year median home-price changes for the Denver metro area in recent quarterly IAS360 reports: Q1 2011 (from Q1 2010) — Down 3.9% Q4 2010 (from Q4 2009) — Unchanged. Q3 2010 (from Q3 2009) — Down 3.1%. Q2 2010 (from Q2 2009) — Up 1.2%. Read more http://www.bizjournals.com/denver/news/2011/05/10/ias-home-price-decline-eases-in.html

Continue Reading →

Westminster Mall to be razed for a new downtown

The city of Westminster plans to demolish the blighted Westminster Mall to develop a downtown for the 100-year-old community. Read more: Westminster Mall to be razed for a new downtown – The Denver Post http://www.denverpost.com/business/ci_17978568#ixzz1LO897KPg Read The Denver Post’s Terms of Use of its content: http://www.denverpost.com/termsofuse

Continue Reading →

A Victory for the Landlords: 1099 Reporting Law Repealed

The senate, this week, passed H.R. 4 repealing the extended 1099 reporting law that had passed in 2010. The 2010 law was requiring, among other requirements, that the landlords to file 1099 for anyone who had provided services of $600 or more. http://speakingofrealestate.blogs.realtor.org/category/property-management/ NAR Briefing on the Extended 1099 Reporting

Continue Reading →

Bill Banning Real Estate Transfer Fees

Senate Bill 11-234 would ban private real estate transfer fees, which have been added to homeowner association covenants during the development phase to fund an investment scheme cooked up by Manhattan-based Freehold Capitol Partners. The covenants are set up to require that a percentage of the sale price of a home be paid to a private 3d party every time…

Continue Reading →

New Rules for Mortgage Servicers Face Early Criticism

The New York Times: Mortgage Servicers will be required to bring in a consultant to investigate complaints by homeowners who lost money because of foreclosure processing errors in 2009 and 2010. In some cases the homeowners could be compensated. http://www.nytimes.com/2011/04/11/business/economy/11foreclose.html  

Continue Reading →

Housing Shortage Evident in the Supply of Apartments

Taking part in discussions and correspondences  with other property managers nationwide, the shortage of rental housing is not limited the metro Denver area.  Other managers are seeing record low vacancies low vacancies in their respected areas. The metro Denver single-family vacancies are at all time low of 2.% The shortage seems to be evident in the supply of apartments.  The…

Continue Reading →

Single Family Home Vacancies @ 2%

The vacancy rate for single-family homes/townhomes and condos  is at all-time low of 2% during the 4th quarter of 2010 according to the Colorado Department of Housing. The average number of days to rent such homes dropped to 38.2 days from 53.9 days in the 4th quarter of 2009. Click here for the full report.  

Continue Reading →

2010 Foreclosure Report Now Available

Colorado Department of Housing has published the 2010 Colorado Foreclosure report. The charts below show 2003-2010 stats for Colorado and the metro Denver area. The Denver metro includes the Denver, Arapaho and Adams counties. For other areas please refer to the actual report. The foreclosure filings are down, however, more homes are going to auction.

Continue Reading →

HB-1278: HOAs Must Register

HB-1278 – All Homeowners Associations governed by CCIOA (Colorado Common Interest Ownership Act) must, annually, register and pay the required fees, with the Colorado Department of Regulatory Agencies Division of Real Estate. This bill is effective 1/1/2011. All registrations must be completed online prior to March 1, 2011. The registrations must be renewed annually. An association is exempt from the…

Continue Reading →

Strong Commercial Investment In Denver

The Denver post reporting today that the commercial investment in Denver area has doubled this year over 2009. Full article is available at http://www.denverpost.com/business/ci_16938797

Continue Reading →

Additional 1099 IRS Reporting Requirement for 2011 – Landlords

Additional 1099 Reporting Requirement for 2011 — Landlords HR 5297 includes an expansion of the 1099 reporting related to a trade or business. Currently only the Property Managers are required to file Forms 1099 to reflect payments of $600 or more. Congress has extended the Form 1099 requirement to any person who receives rental income. This requirement would apply to…

Continue Reading →

Areas that avoided foreclosure mess earlier may be taking hit now

The Denver post reporting: Areas that avoided foreclosure mess earlier may be taking hit now – Homes in metro Denver neighborhoods that previously appeared insulated from the housing crisis are seeing a decline in prices as foreclosures and short sales tick up.  Meanwhile, those communities that were hit hardest are showing signs of improvement.  Read full article: http://www.denverpost.com/business/ci_16353602

Continue Reading →

Homebuyers’ Tax Credit Recapture Starting in 2010

September 30th is the deadline to close on the homes purchased by Apr 30th tax-credit expiration date to earn the tax-credit. There were two variations to the tax-credit, one for the homes purchased in 2008 and one for those purchased in 2009. For homes purchased in 2008, the tax-credit was $7,500 and only applicable to the first time homebuyers. The…

Continue Reading →

June Pending Home Sales Down as Expected

Homeowner Tax credit ended 4/30. There was a mad rush in March and especially in Apr to have the contracts in place by the 4/30 deadline. All the contracts had to be closed by end of June (then, extended to end of Sept because of overload).  I expect a slow rest of the year and early 2011. The National Association…

Continue Reading →

July Metro Home Sales Drop

The Denver post reported yesterday Denver Metro home sales is down 26% compare to a year ago.  This is expected as the homebuyers tax credit ended in April. All those contracts were to close by June 30 (now extended to end of September due to overload). The Denver Post Article.

Continue Reading →

No Gain Exemption on a Rebuilt Home

Gain from the sale of a primary home is tax exempt up the $250k/$500k (singles/married) limit but not if the house is rebuilt and sold. The tax court ruled that in this case (Gates, Tax Court No 1) the owners did not live in their rebuilt house 2 years out of  the 5 years prior to the sale as is…

Continue Reading →

Best Places to Live

CNNs Money “Best Places To Live” List http://money.cnn.com/magazines/moneymag/bplive/2010/top100/ Highlands Ranch, Broomfield, Ft. Collins, Loveland

Continue Reading →

More on Denver’s New Zoning Code

Denver has adopted the new zoning code effective June 25th. The zoning map designates the zoning district for every property. At this link you will find the new zoning code map & the former chapter 59 zoning map, history, case status, and a lot more info. Here is another link to Denver zoning code and more.

Continue Reading →

EPA Delays Enforcement of New Lead Paint Rules

Colorado Association of REALTOS®: “The Environmental Protection Agency (EPA) has delayed the enforcement of the new Lead: Renovation, Repair and Painting rule to provide time to get more remodelers and other contractors trained – and for EPA to get the word out to consumers about the importance of hiring a certified remodeler, according to the National Association of Home Builders…

Continue Reading →

Denver’s New Zoning Code

Denver has a new zoning code. Opponents are concerned that it will be too restrictive and harder to navigate than the existing code. However, creators of the new code say it’ll be just the opposite. They feel the new code will be easier to use, and allows for more options for how and where businesses and homes will be built…

Continue Reading →

Co-owners Qualify for Full Exemption

The tax court ruled that co-owners of a principal residence are eligible for full $500k exemption ($250k each) just like married couples provided each had lived at the home 2 years out of the 5 years prior to the sale. The IRS auditor had allowed $125k each (Hsu v. Commissioner of Internal Revenue , Tax Court  Summary Opinion 2010-68).  Currently…

Continue Reading →

May Unemployment Up

April’s 12800+ job addition negated by May’s 10,200 losses per Colorado Department of Labor. Unemployment rate is at 7.7% compare to 8.2% a year ago.

Continue Reading →

Apt Vacancies, Rent Improve

Earlier reports had shown Denversingle family home vacancies have dropped and rents are up. Now, the same is true for apartments Per CO Dept of Housing. This is encouraging news. The housing and employment are directly related. Although employment is still lower than the levels of 2009, in April Co added 12800+ jobs. See the June Housing Snapshot

Continue Reading →

Tax-Credit Closing Deadline May Be Extended

Three senators (Harry Reid D-NV, Johnny Isakson R-GA., Christopher Dodd D-CT) have proposed to extend the tax-credit closing deadline to September 30th from June 30th. The extension is for those homebuyers who have qualified for the tax credit and also have had their contracts in place by the April 30th deadline. National Association of Realtors estimates that about 75,000 homebuyers…

Continue Reading →

3.8% Surtax on Home Sale?

The 3.8% Medicare Surtax on the sale of a primary home (in general on investment income) effective in 2013 applies to very few people.1) The net profit from the sale of the primary residence must be over $250K for singles, and $500K for married. Any amount over those is classified as investment income and is subject to capital gain tax…

Continue Reading →

Bank of Ameriaca Loan Modification

Bank of America offering loan modifications to 10,000 homeowners starting in late June. It applies to homeowners who have missed at least 2 payments and owe 20 percent or more than their home is currently worth. Only certain types of loans issued by Countrywide Financial Corp. qualify for the adjustment. More at MSNBC Business ..

Continue Reading →

No hiccups please or ouch

No hiccups please, 30 days to go. April 30the was the deadline for tax-credit contracts to be in place. All those contracts must CLOSE by end of June for the homeowners to claim the tax-credit. It seems 2 months is plenty of time nonetheless home buyers and their agents must stay on top of things.

Continue Reading →

Fire Safety Code May Ease In Arvada

The Denver Post published an article yesterday (5/23/2010) that the City of Arvada my change or ease a fire safety code that is hindering the resale of some homes. The code is part of the 2006 International Property Maintenance Code adopted by the City of Arvada and other metro-area cities. The code disallows the sale, lease, disposition of non-conforming homes….

Continue Reading →

Resale Prices Increasing

The National Association of Realtors reports that the median sales price for existing homes increased in 91 of the 152 metropolitan in the 1st quarter of 2010 over the same period in 2009. Denver prices increased by 16%, Boulder by 2.2%

Continue Reading →

What is Your Home Value?

Under Current Home Value tab: get an instant, computer generated price for your home, recent sales in the area, other homes value, etc OR request a detailed assessment.

Continue Reading →

February Existing-home Sales Slips But

February Existing-Home Sales Decline, Inventories Higher but Improvement Over a Year Ago Existing-home sales declined slightly in February. The decline continues after peaking in November. The sales slipped 0.6% nationally to a seasonally adjusted annual rate of 5.02 million units. However, it is 7.0% higher than February of 2009. The home prices are also more stable than a year ago….

Continue Reading →