We’re almost there, Spring is so close! Yet, we are still in the winter season and it’s still important to remember these facts when trying to show and sell your home during this season.
When showing your home, leave those lights on! The best way to battle with Father Winter’s short and ubiquitous cloudy days is to turn on the lights on your home! Especially for a showing, every single light must be on, even in the closets or the utility rooms. Make sure the bulbs are functioning aand polished. You should stock up on the right bulbs in case any burn out so they can be replaced immediately. It’s a good idea to also keep the lights on in the front of your home even if showings aren’t scheduled. In today’s market with a lot of the first impressions being on the internet, people are driving by your home frequently! Make your home look happy and welcoming! Add some of that natural light by keeping your blinds and curtains open, let that light in! Let all the warm glow flood out into the harsh winter nights. Continue reading
In this new day and age, many of Denver’s homes and communities are maintained and managed by HOA’s. (Home Owner Association)
When you decide to purchase a house, townhouse, or condo in a planned development such as a gated community, a leased land property, or sometimes even a regular subdivision, you are required to join that community’s certain HOA and pay the monthly cost that comes with it. HOA fees are used to maintain the common areas and buildings. If you are considering buying one of these properties, you need to be aware of a few things and how they work with HOA before you decide to move forward with your purchase.
In Denver, short sales make up a prodigious percent of the sales in the real estate market. Varying by each area, short sale transactions can consist of almost 50% of the entire market.
Don’t know what “short sale” means? Let me help. A short sale is when the homeowner sells their home for much less than their mortgage value. Unfortunately, homeowners these days find themselves in the unfortunate situation where they find out their home value has vastly decreased. With this and the expenses of selling a home, these days means the only way a seller can actually sell his home is to bring money to the closing table. Continue reading
In 2005 (for unfortunate reasons, I remember this year well), real estate sales slowed to a crawl and housing prices decreased. There was little doubt in my mind that his meant a downturn in the Highlands Ranch real estate market. Needless to say, I clearly did not estimate how long or severe the down-turn would be. However, I see a light at the end of the long, dark real estate market tunnel, and the light is good.
Home Prices will Probably Increase – Not the Overall Sales
When looking at the real estate market, one really doesn’t have to look any further than supply and demand in order to get a good idea of why the market looks the way it does. In the past fee months the total amount of condos and houses for sale has decreased substantially. According to one report the home inventory in the Highlands Ranch and greater Denver area is down over 35% from the previous year. By the same token, condo inventory has decreased by almost 50%.