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RE/MAX PROFESSIONALS - THE COLORADO HOUSE FINDERS TEAM
  • Buyer, Beware: 7 Red Flags That the Neighbors Could Drive You Insane

    Posted by Damon L. Chavez on Tuesday, October 3rd, 2017 at 10:39am.

    October 3, 2017 | Realtor.com, by Stephanie Booth Nothing can turn the American dream of owning a home into a nightmare like bad neighbors. They might keep you up with raging late-night parties, or call the cops with a noise complaint when all you're doing is having a nice (and totally tame) backyard barbecue. Who doesn't have at least one agita-inducing story about a crazy neighbor, past or present? Of course, you can't necessarily expect that all people who happen to live near your dream home will be your new BFFs. But it sure would help if they didn't make your life miserable. And sometimes, what seem like indications of a great neighborhood—like scrupulously clean sidewalks—might actually signal that this is not the place for you. We asked...

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  • Adults Who Opt Not to Have Kids Cause Ripple Effects in U.S. Housing Market

    Posted by Damon L. Chavez on Friday, September 29th, 2017 at 1:47pm.

    September 14, 2017 | The Washington Post, by Adina Solomon Sara Moran's closet in her Colonial house, built in 1920, once served as a nursery for a past homeowner. But Moran and her husband don't need that nursery. They have no plans to extend beyond the confines of their two bedrooms and small yard in Stratford, Connecticut. “Because we're not going to have kids, I don't really worry about having a big yard. Same with having more room," she said. “We're never going to have kids and ever feel like we're going to be expanding." The fertility rate in the United States has fallen to its lowest levels since the Centers for Disease Control and Prevention began keeping records in 1909. The general fertility rate is the total number of births per...

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  • SEPTEMBER 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Tuesday, September 26th, 2017 at 12:07pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 927 homes at month end, 234 homes came onto the market, 132 homes were placed under contract, and 125 homes closed for $1 Million or greater with an average sold price of $1,565,306 resulting in a closed dollar volume of $195.7 Million. Monthly Market Recap...

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  • SEPTEMBER 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Friday, September 22nd, 2017 at 9:37am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 627 homes at month end, 254 homes came onto the market, 198 homes were placed under contract, and 202 homes closed between $750,000 and $999,999 with an average sold price of $845,219 resulting in a closed dollar volume of $170.7 Million...

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  • SEPTEMBER 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, September 19th, 2017 at 8:47am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,830 at month end, 1,050 homes came onto the market, 817 homes were placed under contract, and 874 homes closed between $500,000 and $749,999 with an average sold price of $590,131 resulting in a closed dollar volume of $515.8 Million....

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  • SEPTEMBER 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, September 15th, 2017 at 8:38am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,506 homes at August month end, 5,938 homes came onto the market, 4,873 homes went under contract, and 5,152 homes closed at a median sold price of $375,000 and an average sold price of $427,188 resulting in a closed dollar volume of $2.2 Billion...

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  • How Homeowners Insurance Has Evolved Over Time

    Posted by Damon L. Chavez on Tuesday, September 12th, 2017 at 8:58am.

    September 8, 2017 | Homes.com, by Ryan Hanley The homeowners insurance industry has a rich history that is continuously evolving. From the time the first policy came about in the 1730s until now, the market has greatly changed, becoming increasingly detailed and more focused on data and risk mitigation...

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  • Metro Denver Housing Market's Summer Slide Extends into August

    Posted by Damon L. Chavez on Friday, September 8th, 2017 at 8:25am.

    September 7, 2017 | Denver Post - Real Estate, by Aldo Svaldi Metro Denver's heated housing market continued to show signs of cooling in August, with single-family home sales and median home prices dropping for a second month, according to a monthly update Wednesday from the Denver Metro Association of Realtors. The median price of a single-family home sold in the 11-county area fell 2.4 percent from July to August for $410,000 but remains up 7.9 percent over the year. The number of single-family homes sold fell 8.7 percent month over month and is down 10.6 percent from a year ago. Condos fared better, with the number of sales in August up 1.8 percent over July and down a smaller 3.4 percent year over year. The median sold price also rose 1.8...

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  • How Water Damages a Flooded House

    Posted by Damon L. Chavez on Tuesday, September 5th, 2017 at 1:42pm.

    September 2, 2017/The Washington Post, By Aaron Steckelberg, Bonnie Berkowitz, Armand Emamdjomeh and William Neff As the waters from Hurricane Harvey recede in Texas and Louisiana, the owners of more than 100,000 flooded homes are getting a good look at what is left. “The damage to the houses is going to be tremendous," said Jean-Pierre Bardet, a geotechnical engineer and dean of engineering at the University of Miami. Thousands are beyond repair. Often, however, a waterlogged house can be saved. “A high water depth doesn't mean the home is destroyed," said Claudette Hanks Reichel of Louisiana State University's Agricultural Center, who has written disaster recovery material for the U.S. Department of Housing and Urban...

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  • AUGUST 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Friday, September 1st, 2017 at 1:11pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 944 homes at month end, 249 homes came onto the market, 130 homes were placed under contract, and 138 homes closed for $1 Million or greater with an average sold price of $1,559,924 resulting in a closed dollar volume of $215.3 Million. Monthly Market Recap...

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  • AUGUST 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, August 29th, 2017 at 8:35am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 692 homes at month end, 293 homes came onto the market, 216 homes were placed under contract, and 219 homes closed between $750,000 and $999,999 with an average sold price of $846,624 resulting in a closed dollar volume of $185.4 Million. Monthly Market Recap...

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  • AUGUST 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Friday, August 25th, 2017 at 8:15am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,858 at month end, 1,183 homes came onto the market, 810 homes were placed under contract, and 877 homes closed between $500,000 and $749,999 with an average sold price of $591,391 resulting in a closed dollar volume of $518.6 Million. Monthly Market Recap...

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  • AUGUST 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, August 22nd, 2017 at 8:31am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,506 homes at July month end, 6,036 homes came onto the market, 4,903 homes went under contract, and 4,922 homes closed at a median sold price of $380,000 and an average sold price of $438,611 resulting in a closed dollar volume of $2.16 Billion. Monthly Market Recap: Single Family...

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  • Xeriscaping in Colorado

    Posted by Damon L. Chavez on Friday, August 18th, 2017 at 9:44am.

    August 17, 2017 | REcolorado.com, by Emily Adams Colorado homeowners are choosing xeriscaped yards to save water, time, and money, while honoring the beauty of Colorado's natural landscape. Xeriscaping is a landscape design that incorporates native plants that can thrive in natural conditions. Xeriscaping is not the same as zero-scaping, which uses no plants in favor of patios, porches, gravel, or hardscaped designs. Instead, xeriscaping relies on plans which have low water demands to reduce the amount of water needed to maintain the outdoor space...

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  • Summer Smarts: Why Checking For Lead Paint Is Important

    Posted by Damon L. Chavez on Tuesday, August 15th, 2017 at 9:14am.

    August 3, 2017 | Homes.com, By Ben Sanford Testing for Lead Is Easy and Essential if You Have Young Children If you're planning on buying a new home this summer, or if you recently purchased one, checking the property for lead is one of the most important things you can do to help keep your family healthy. This is especially the case if you bought or are going to buy a home that's older than homes built in 1978. If the home was built before the 1960s, then there is a near 100% chance the home has lead paint in it. Here, we'll discuss why testing for lead is so important and what you can do about it if you discover it on your property....

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  • Relocating to Colorado — You Know You're a Coloradan When...

    Posted by Damon L. Chavez on Friday, August 11th, 2017 at 9:13am.

    August 10, 2017 | REcolorado.com, by Jamie Froyd People are still moving to Colorado at a strong rate. Though the population boom peaked between 2014 and 2015 with nearly 101,000 new people who moved to Colorado, our state still is appealing to those looking to relocate. If you're considering relocating to Colorado, what do you need to know? And how do you know when you're officially a Coloradan?...

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  • Real-Estate Property Taxes By State

    Posted by Damon L. Chavez on Tuesday, August 8th, 2017 at 8:45am.

    Property taxes are one of the annual expenses that some buyers may not include in their calculations of the total cost of owning a primary residence or vacation home. However, they are a substantial expense and they can vary by several thousand dollars a year depending on your state or local jurisdiction. The amount of property tax owed depends on the appraised fair market value of the property, as determined by the property tax assessor. Appraisals are conducted annually and reflect changing home values. Property tax liability is calculated by multiplying the nominal property tax rate by the assessment ratio (the percentage of the value of the property that is...

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  • How to Save For a House in One Year

    Posted by Damon L. Chavez on Friday, August 4th, 2017 at 8:42am.

    Want to buy a home but don't have a pile of cash in the bank? You're not alone. Trulia research tells us that saving up for a down payment is the biggest obstacles to homeownership for first-time buyers, behind poor credit history, qualifying for a mortgage, and rising home prices. When I saved up for my first home, it took several years. So as I can attest, the struggle is real but not impossible. First, how much should you aim for? When thinking about how to save for a house, it's not just the down payment you have to consider. Closing costs, escrow fees, and initial payments on taxes and insurance can quickly add up. Tools like...

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  • JULY 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Tuesday, August 1st, 2017 at 2:17pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 912 homes at month end, 301 homes came onto the market, 140 homes were placed under contract, and 194 homes closed for $1 Million or greater with an average sold price of $1,520,708 resulting in a closed dollar volume of $295.0 Million. Monthly Market Recap...

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  • JULY 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Monday, July 31st, 2017 at 3:43pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 719 homes at month end, 358 homes came onto the market, 221 homes were placed under contract, and 230 homes closed between $750,000 and $999,999 with an average sold price of $852,828 resulting in a closed dollar volume of $196.2 Million. Monthly Market Recap...

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  • JULY 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, July 25th, 2017 at 10:30am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,753 at month end, 1,365 homes came onto the market, 909 homes were placed under contract, and 1,005 homes closed between $500,000 and $749,999 with an average sold price of $592,903 resulting in a closed dollar volume of $595.9 Million. Monthly Market Recap...

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  • JULY 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, July 21st, 2017 at 11:22am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,237 homes at June month end, 7,053 homes came onto the market, 5,288 homes went under contract, and 5,480 homes closed at a median sold price of $387,747 and an average sold price of $449,433 resulting in a closed dollar volume of $2.46 Billion. Monthly Market ...

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  • You Could Be Wrecking Your Home — And Not Know It (Yet)

    Posted by Damon L. Chavez on Tuesday, July 18th, 2017 at 12:03pm.

    You haven't felt like this since you were a teenager. You have a crush on your new house. (You're officially a home buyer — wait — owner!) It's soooooo great. You love its quirks. It's your very first home, and you want to do everything right. The feeling is fun, but also scary: You remember too well how badly you screwed up that first crush as a teenager (so embarrassing. Don't ask). Could you screw this up too? No need to freak out. You can make this love a lasting one. For now, keep an eye out for these common no-nos that can result from good intentions....

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  • Alternatives to Air Conditioning When Temperatures in The Home Start to Rise

    Posted by Damon L. Chavez on Friday, July 14th, 2017 at 8:23am.

    July 3, 2017 | Homes.com, By Ben Sanford 5 Kinds of “Air Conditioning" That Won't Break the Bank In the summertime, most of us rely on our air conditioning to keep our homes cool and comfortable. But, there's a downside to that – incredibly high energy bills. The problem arises because the interior of a home is often much warmer than it needs to be, and there are quite a few reasons for that. Luckily, you can do something about it so you can keep your home cooler without relying on your air conditioning nearly as much. Here are five summer hacks to try this summer that will help lower the ambient temperature in your home so your AC won't be constantly kicking on...

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  • 10 Ways To Protect Your Home While On Vacation

    Posted by Damon L. Chavez on Tuesday, July 11th, 2017 at 8:59am.

    July 6, 2017 | Trulia, by Ginny Gaylor Heading out of town for the summer? Don't make it easy for burglars to find out. Keep your home from being a target with these easy tips. The season of long weekends and beach getaways is upon us, and the last thing any homeowner wants to imagine when they're soaking in the sun or taking a dip at the lake is a burglar snooping around their empty home. While there is no use in being paranoid about your belongings while you're away, home security shouldn't be taken lightly. And it's the right season to be wary: The U.S. Bureau of Justice Statistics has found that household burglary rates are highest in the summer....

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  • Denver Millennials May Have Finally Pivoted From Renting to Buying

    Posted by Damon L. Chavez on Friday, July 7th, 2017 at 11:48am.

    June 28, 2017 | Denver Post - Real Estate, by Aldo Svaldi Homeownership rate in Denver is slightly above U.S. average for young adults Brian Watkins and partner Vanessa Dolge are both under 30 and an exception among people their age: They own — rather than rent — the place where they live. The pair purchased a bungalow on West Colfax Avenue in Denver this month, capping a nine-month search. “It's more about becoming comfortable that you're making a sound decision for the right reasons given your individual circumstances, because financially it's a huge commitment," said Watkins. Young adults in Denver own homes at a higher rate than their peers in the rest of the country — 34.2 percent versus 32.1 percent, according to a study from...

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  • JUNE 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Friday, June 30th, 2017 at 10:55am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 855 homes at month end, 292 homes came onto the market, 170 homes were placed under contract, and 159 homes closed for $1 Million or greater with an average sold price of $1,487,494 resulting in a closed dollar volume of $236.5 Million. Monthly Market Recap...

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  • JUNE 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Wednesday, June 28th, 2017 at 8:49am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 664 homes at month end, 355 homes came onto the market, 223 homes were placed under contract, and 238 homes closed between $750,000 and $999,999 with an average sold price of $843,147 resulting in a closed dollar volume of $200.7 Million. Monthly Market Recap...

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  • JUNE 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, June 27th, 2017 at 2:45pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,549 at month end, 1,311 homes came onto the market, 984 homes were placed under contract, and 920 homes closed between $500,000 and $749,999 with an average sold price of $587,544 resulting in a closed dollar volume of $540.5 Million. Monthly Market Recap...

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  • JUNE 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, June 23rd, 2017 at 8:56am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 5,247 homes at May month end, 6,653 homes came onto the market, 5,439 homes went under contract, and 5,300 homes closed at a median sold price of $380,000 and an average sold price of $435,666 resulting in a closed dollar volume of $2.31 Billion. Monthly Market Recap: Single Family...

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  • Is Buying a 'Starter Home' Still Smart?

    Posted by Damon L. Chavez on Tuesday, June 20th, 2017 at 9:57am.

    June 5, 2017 | Zillow Porchlight, by Brendon Desimone Your parents' rite of passage may not make sense for you. When the Baby Boomer generation was venturing into adulthood, it was common to buy a “starter home" — a modest, small dwelling. As their families grew and careers advanced, they moved into bigger or better homes. Now, many people struggle to come up with the down payment for a first home. They may wonder if it's smarter to wait and save more money so they can buy a home that makes more long-term sense, or go the other route, buying a starter home and planning to stay in it for more years. It's a personal, practical and financial decision, but here are some pros and cons of buying a starter home....

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  • Open House Etiquette: Dos And Don'ts For Buyers On The Hunt

    Posted by Damon L. Chavez on Friday, June 16th, 2017 at 10:11am.

    June 12, 2017 | Homes.com, By Alex Thatcher Proper Open House Etiquette Sets a Good First Impression The summer real estate market is about to heat up and with plenty of competition expected among buyers, it is more important than ever to make a good first impression when attending an open house for a home you're interested in buying. After all, the broker will notice how you present yourself and act when touring the home; that information could possibly be passed along to the seller when the bids start coming in. If you have an upcoming open house you're planning on attending, here are the do's and don'ts of open house etiquette....

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  • Homes Statewide in Short Supply Heading into Peak Selling Season

    Posted by Damon L. Chavez on Tuesday, June 13th, 2017 at 10:52am.

    June 13, 2017 | Denver Post - Real Estate, by Aldo Svaldi Metro Denver homebuyers have long struggled with slim pickings, but inventory shortages are becoming a growing concern across the state. Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of Realtors. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale. Shortages remain acute in metro Denver. There were 6,223 single-family homes available for sale last month, down 37.5 percent from already depressed levels of a year earlier. The active inventory o...

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  • 8 Rookie Mistakes That Keep People From Selling Their Home

    Posted by Damon L. Chavez on Friday, June 9th, 2017 at 8:24am.

    June 8, 2017 | Realtor.com, by Daniel Bortz If your home is struggling to catch the eye of a buyer, it could be for an entirely valid reason. Maybe you're stuck in a sluggish market or have the poshest place on the block (always a tough sell). But there's another possibility, too—your home could be sitting on the market because of a rookie selling mistake. All of us can make 'em, even those of us who actually have a few home sales under our belts. The good news? These basic slip-ups can be easily corrected or avoided. To help you out, we spoke to real estate agents to identify some of the most common mistakes people make in trying to sell their home. Sidestep these flubs to avoid sabotaging your own sale...

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  • What Type Of Mortgage Is Right For You?

    Posted by Damon L. Chavez on Tuesday, June 6th, 2017 at 2:04pm.

    June 1, 2017 | Trulia, Money Matters Choosing the right mortgage is daunting, so we've demystified common scenarios to help you find the right loan. Tired of paying rent and ready to become a homeowner? Good news! According to Trulia's recent rent vs buy report, buying a home remains a cheaper option than renting, thanks to relatively low interest mortgage rates and fast-rising rents. And, even better news, you've taken a step in the right direction when it comes to saving money — buying can be nearly 40% cheaper than renting. But before you start picking out curtains and furniture for that new home, there are some financing decisions that need to be made. Determining what type of mortgage is best for you and your family may seem intimidating, but...

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  • MAY 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Thursday, June 1st, 2017 at 9:20am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 792 homes at April month end, 276 homes came onto the market, 171 homes were placed under contract, and 131 homes closed for $1 Million or greater with an average sold price of $1,506,260 resulting in a closed dollar volume of $197.3 Million. Monthly Market Reca...

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  • MAY 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Wednesday, May 31st, 2017 at 8:48am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 599 homes at month end, 342 homes came onto the market, 240 homes were placed under contract, and 183 homes closed between $750,000 and $999,999 with an average sold price of $845,087 resulting in a closed dollar volume of $154.7 Million. Monthly Market Recap...

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  • MAY 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, May 30th, 2017 at 10:19am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,413 at month end, 1,161 homes came onto the market, 886 homes were placed under contract, and 792 homes closed between $500,000 and $749,999 with an average sold price of $589,208 resulting in a closed dollar volume of $466.7 Million. Monthly Market Recap...

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  • MAY 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Monday, May 29th, 2017 at 11:21am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 4,813 homes at April month end, 6,097 homes came onto the market, 5,146 homes went under contract, and 4,460 homes closed at a median sold price of $379,950 and an average sold price of $432,241 resulting in a closed dollar volume of $1.9 Billion. Monthly Market Recap: Single Family...

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  • What to Unpack First in Your New Home

    Posted by Damon L. Chavez on Friday, May 26th, 2017 at 12:43pm.

    May 19, 2017 | Zillow Porchlight, by Moving Tips Where are the towels? Which box holds the can opener? Who packed the cat food? When you're surrounded by boxes, what you need is a strategy. Once all the moving preparations have been made, all the arduous moving tasks have been taken care of, and everything has gone more or less according to plan on moving day, you finally find yourself in your new home, surrounded by piles of boxes, tired and glad that your relocation is about to end. To fully complete your moving adventure, however, you need to unpack your belongings and make your new place feel like home. But how to even begin unpacking?...

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  • Buying New Construction in Denver: The Pros and Cons

    Posted by Damon L. Chavez on Tuesday, May 23rd, 2017 at 8:51am.

    May 16, 2017 | REcolorado.com, by Jamie Froyd Did you know two out of five Coloradans prefer New Homes over “pre-sold"? The term “New" home refers to a home that's never been lived in or is in pre-construction phase. If you're considering new construction, here's a list of advantages (and some disadvantages) that may interest you...

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  • Home Sales Expected to Soar Through 2018: What Buyers Need to Know

    Posted by Damon L. Chavez on Friday, May 19th, 2017 at 11:55am.

    May 18, 2017 | Realtor.com, by Clare Trapasso By now just about every would-be buyer out there knows there simply aren't enough homes for sale these days to appease the hordes of competition. But despite the shortages, rising prices, and bidding wars, more homes are expected to be sold this year than in more than a decade. In 2017, the number of sales of existing homes (which have previously been lived in) is expected to rise about 3.5%, to 5.64 million, according to the midyear forecast from the National Association of Realtors®. The group predicts that existing-home purchases will rise an additional 2.8% in 2018, to 5.8 million. "The combination of the stock market being at record highs, 16 million new jobs created since 2010, pent-up household...

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  • U.S. Housing Starts Fell 2.6 Percent in April

    Posted by Damon L. Chavez on Tuesday, May 16th, 2017 at 10:28am.

    May 16, 2017 | Denver Post - Real Estate, by Martin Crutsinger The weakness was led by a 37.3 percent plunge in activity in the Northeast and a 9.1 percent drop in the South WASHINGTON — Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months. Housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department reported Tuesday. That followed a 6.6 percent decline in March and left home building at its lowest point since last November. The weakness was led by a big drop in construction of apartments, a volatile sector. Nevertheless, housing construction has been one of the bright spots for the economy....

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  • Earnest Money Deposit vs. Down Payment: What's the Difference?

    Posted by Damon L. Chavez on Friday, May 12th, 2017 at 8:30am.

    May 12, 2017 | Realtor.com, by Margaret Heidenry When you buy or sell a home, you get used to hearing words you've never heard before. The mortgage lenders and insurance agents who help you through the process will throw around so much real estate jargon, somewhere along the way you might wish you had brought a dictionary—or maybe a translator. Two rather vague but very important terms for buyer and seller alike are "earnest money deposit" and "down payment." Both have to do with cold, hard cash, but what's the difference? Here's your cheat sheet on earnest money deposit vs. down payment...

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  • Worried About Higher Property Taxes? 6 Things You Need to Know About Protests and Alternatives

    Posted by Damon L. Chavez on Tuesday, May 9th, 2017 at 10:04am.

    May 4, 2017 | Denver Post - Real Estate, by Aldo Svaldi With a June 1 deadline for protests, homeowners need to act fast. Protest, protest, protest. Front Range homeowners may have that reaction when they first see how much county assessors increased the value of their homes over the past two years amid worries that next year's property taxes will shoot up as well. Neighborhoods throughout metro Denver have recorded double-digit price increases, which reflects the region's hot real estate market. The biggest percentage gains are coming in lower-income neighborhoods that lagged in past cycles. The first steps for those who disagree with value placed on their home is to figure out how much the value should be adjusted and whether a protest ha...

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  • In Denver's Red-Hot Real Estate Market, 5 Things to do Before Ever Setting Foot in an Open House

    Posted by Damon L. Chavez on Friday, May 5th, 2017 at 11:01am.

    May 4, 2017 | Denver Post - Real Estate, by Emilie Rusch The prospect of trying to buy a house in metro Denver can be downright terrifying. We've all seen the headlines: Inventory well below historic averages, home prices racing higher and higher, starter homes all but guaranteed to incite a bidding war. But buying is still possible — if you're prepared. Just ask the 4,389 people who closed on Denver-area homes in April. According to the Denver Metro Association of Realtors, half of all homes sold were under contract in five days or less. We asked the experts — a local Realtor, mortgage broker, homeownership counselor and Zillow's chief economist — for some advice on what prospective buyers should do before even setting foot in an open house...

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  • Here's How to Use Your Tax Refund This Year

    Posted by Damon L. Chavez on Tuesday, May 2nd, 2017 at 9:20am.

    April 25, 2017 | REcolorado, by Margaret Y Home improvements that pay off in the long run. It's estimated that almost 7.2 million Americans will get a refunds this year averaging $3,000. What's the best way to put that refund to work? If you're a homeowner, here are some ideas that yield very high returns. - A new steel front doors (costs around $250) but is worth $1500 when you sell - Newly coated hardwood floors (cost around $1800) but are worth $5000 when you sell - New insulation costs (costs aroun $700) but will return about $2000 - Some Energy efficient upgrades qualify for tax credits next year: Biomass stoves, Heating, Air Conditioning, Insulation, Roofs, Water heaters, Windows Doors and Skylights. Check with your tax...

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  • APRIL 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Sunday, April 30th, 2017 at 12:36pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 742 homes at March month end, 291 homes came onto the market, 157 homes were placed under contract, and 125 homes closed for $1 Million or greater with an average sold price of $1,435,510 resulting in a closed dollar volume of $179.4 Million. Monthly Market Recap...

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  • APRIL 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, April 25th, 2017 at 12:52pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 559 homes at month end, 332 homes came onto the market, 218 homes were placed under contract, and 190 homes closed between $750,000 and $999,999 with an average sold price of $836,071 resulting in a closed dollar volume of $158.9 Million. Monthly Market Recap...

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  • APRIL 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Friday, April 21st, 2017 at 8:38am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,241 at month end, 1,220 homes came onto the market, 885 homes were placed under contract, and 750 homes closed between $500,000 and $749,999 with an average sold price of $588,919 resulting in a closed dollar volume of $441.7 Million. Monthly Market Recap...

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  • APRIL 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Thursday, April 20th, 2017 at 2:53pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 4,428 homes at March month end, 6,291 homes came onto the market, 4,860 homes went under contract, and 4,480 homes closed at a median sold price of $371,000 and an average sold price of $423,437 resulting in a closed dollar volume of $1.9 Billion. Monthly Market Recap: Single Family...

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  • Does Homeowners Insurance Cover Mold? Combat This Frightful Fungus

    Posted by Damon L. Chavez on Tuesday, April 18th, 2017 at 10:43am.

    April 18, 2017 | Realtor.com, by Margaret Heidenry Many homes have at least one unwanted houseguest: mold. It generally comes in the benign form of mildew, but every once in a while toxic black mold sets up shop in a basement or behind a wall. Eradicating this health hazard can cost a pretty penny, so your first question might be: Does homeowners insurance cover mold? Well, it all depends on your policy and the conditions that allowed the mold to proliferate in the first place....

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  • Movers Reveal: They Really Hate to Move These 7 Things

    Posted by Damon L. Chavez on Friday, April 14th, 2017 at 1:07pm.

    April 14, 2017 | Realtor.com, by Holly Amaya There's no doubt professional movers have one of the most physically demanding jobs around. They're trudging up and down flights of stairs, slinging hundreds of pounds of furniture (Grandma's hope chest, anyone?), dismantling (and reassembling) furniture, and climbing in and out of trucks and storage units eight hours a day. And while most moving companies will transport just about anything (there are a few exceptions, including hazardous materials, pets, and plants), it turns out there are a few common possessions they just, well, hate. Take a look at these groan-inducing items, and maybe kick your mover a few extra bucks if you've got any of them on your packing list...

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  • Mission nearly impossible this spring: Finding a home to buy

    Posted by Damon L. Chavez on Wednesday, April 12th, 2017 at 10:47am.

    April 10, 2017 | THE ASSOCIATED PRESS Anyone eager to buy a home this spring probably has reasons to feel good. The job market is solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows. And then there's the bad news: Just try to find a house. The national supply of homes for sale hasn't been this thin in nearly 20 years. And over the past year, the steepest drop in supply has occurred among homes that are typically most affordable for first-time buyers and in markets where prices have risen sharply. In markets like San Diego, Boston and Seattle, competition for a dwindling supply has escalated along with pressure to offer more money and accept less favorable terms. "Sellers will have...

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  • Colorado Homes Taxed at Some of the Lowest Rates in Country

    Posted by Damon L. Chavez on Friday, April 7th, 2017 at 2:24pm.

    April 7, 2017 | Denver Post - Real Estate, by Aldo Svaldi Not that it may offer much solace to homeowners trying to come up with property taxes due on April 30, but Colorado homes are taxed at some of the lowest rates in the country, according to an analysis Thursday from ATTOM Data Solutions. The effective property tax rate for single-family homes in Colorado last year averaged 0.52 percent versus the 1.15 percent rate averaged nationally, according to ATTOM Data Solutions, which looked at property taxes on more than 84 million single-family homes in 586 U.S. counties. Nationally, single-family homeowners paid an average of $3,296 in property taxes last year, while in Colorado they paid only $2,046. The tab was smaller here even though the average...

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  • 7 Painting Hacks to Get the Look of a Pro — Without the Pro Price

    Posted by Damon L. Chavez on Tuesday, April 4th, 2017 at 12:44pm.

    April 2017 | Houselogic, by Jamie Wiebe A DIY painting job doesn't have to equal crooked lines, besmirched floors, and ceramic sinks speckled with robin's egg blue. Use these simple painting tips and tricks from the pros to make the process faster and less messy — and ensure a fresh, modern look for your home. #1 Soak Brushes in Fabric Softener to Keep Brushes Soft Every DIY painter has been privy to the horrors of a day-old brush with stiff bristles that makes round two nearly impossible. To keep paint brushes soft...

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  • MARCH 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Sunday, April 2nd, 2017 at 2:38pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 654 homes at February month end, 189 homes came onto the market, 117 homes were placed under contract, and 57 homes closed for $1 Million or greater with an average sold price of $1,493,716 resulting in a closed dollar volume of $85.1 Million. Monthly Market Recap...

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  • MARCH 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, March 28th, 2017 at 8:53am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 472 homes at month end, 237 homes came onto the market, 208 homes were placed under contract, and 91 homes closed between $750,000 and $999,999 with an average sold price of $836,799 resulting in a closed dollar volume of $76.1 Million. Monthly Market Recap...

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  • MARCH 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Friday, March 24th, 2017 at 8:46am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,019 at month end, 765 homes came onto the market, 714 homes were placed under contract, and 462 homes closed between $500,000 and $749,999 with an average sold price of $588,865 resulting in a closed dollar volume of $272.1 Million. Monthly Market Recap...

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  • MARCH 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, March 21st, 2017 at 8:36am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 3,531 homes at February month end, 4,316 homes came onto the market, 4,161 homes went under contract, and 2,964 homes closed at a median sold price of $355,000 and an average sold price of $399,269 resulting in a closed dollar volume of $1.2 Billion. Monthly Market Recap: Single Family...

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  • Massive, mixed-use community planned for Aurora Aerotropolis site could house 60,000 people

    Posted by Damon L. Chavez on Friday, March 17th, 2017 at 10:01am.

    March 16, 2017 | Denver Post, By Megan Mitchell A 2,900-acre community of homes, parks, offices and shopping districts could start taking shape this year on the vacant plains of east Aurora, pending approvals from local lawmakers. The development team designing Aurora Highlands has formed under the name Aurora Highlands LLC. The team and Aurora officials have been working since early 2016 on plans for the development on a portion of the 21,000-acre Aerotropolis project planned south of Denver International Airport. Amy Larson, spokeswoman for Aurora Highlands, said the developers' vision for project is a full, multi-use, master planned community that will eventually cover 5,000-acres between E-470 on the west side, Powhaton Road on the east and...

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  • Tips For Preventing Circuit Overload In A Home

    Posted by Damon L. Chavez on Tuesday, March 14th, 2017 at 9:33am.

    March 13, 2017 | Homes.com, By Megan Wild Spring is almost here! The days are staying lighter longer. The birds are chirping in the morning. Have you seen your first robin yet? Depending on where you live, these are signs of spring. Naturally, we begin to think about spring cleaning and projects we have been putting off. What you probably aren't thinking about is your electrical wiring and the demands you and your appliances put on it. Overloading your electrical circuits can damage your appliances, cause power outages or even a fire. Here are a few things to consider to prevent overloading your circuits....

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  • Must vs. Lust: What Do You Really Need in Your New Home?

    Posted by Damon L. Chavez on Friday, March 10th, 2017 at 11:30am.

    March 2017 | Houselogic, by Mandi Gubler The super-simple (and fun) way to separate needs from nice-to-haves. When you embark on the home-buying process, your heart is filled with all the dreams in the world. It's really easy to get caught up in the “I have to have ___________, so I'll cut back somewhere else" game, even when you don't actually know where that somewhere else is or if you can realistically cut back there. This post will show you how to pare down the excess and make sure to get the things you really NEED. ...

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  • What To Do When Your Market Has Low or No Inventory

    Posted by Damon L. Chavez on Tuesday, March 7th, 2017 at 9:02am.

    February 27, 2017 | Trulia, by Laura Agadoni It's getting harder to find starter homes for sale. But if you know some tricks of the trade, it's still possible to find — and buy — the perfect one for you. Once you've taken all the steps to prepare for buying a home, you're ready to begin the house hunt. But what happens when you're out scouting neighborhoods — in person and on Trulia — and you realize there's not much to look at? Finding few options, or maybe even nothing for sale in your price range is increasingly common for many homebuyers. The number of homes available to first-time homebuyers has dropped 12.1% since 2012. But hang in there. You can buy a starter home, even if your market has low housing inventory. Here are some tactics you can...

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  • How to Buy a Home When You Haven't Sold Yours Yet

    Posted by Damon L. Chavez on Tuesday, February 28th, 2017 at 10:06am.

    February 26, 2017 | The Assoicated Press, by Deborah Kearns You've found the perfect new home for your family, but your current house hasn't sold yet. You can't afford to carry two mortgages, or maybe you were counting on money from your sale to help with the down payment and closing costs. Before you let that dream home slip away, consider these strategies to help bridge the transition:...

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  • The Home Office Tax Deduction: One of the Most Misunderstood (and Dangerous) Tax Breaks

    Posted by Damon L. Chavez on Friday, February 24th, 2017 at 8:17am.

    February 24, 2017 | Realtor.com, by Margaret Heidenry According to the latest figures from the Bureau of Labor Statistics, 24% of employed people now do some or all of their work at home. Beyond the obvious benefits of unfettered access to your refrigerator and a dress code of stretchy elastic-waist pants, working at home can save you more than lunch money on National Tax Day, thanks to the home office deduction. Simply put, the home office deduction allows you to write off part of your home expenses on your business tax return by separating out the costs associated with using your home for personal purposes (making pancakes) and business (answering work email). Yet of all the tax write-offs available, this one is among the most murky and...

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  • FEBRUARY 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Tuesday, February 21st, 2017 at 8:52am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 622 homes at January month end, 192 homes came onto the market, 98 homes were placed under contract, and 74 homes closed for $1 Million or greater with an average sold price of $1,656,773 resulting in a closed dollar volume of $122.6 Million. Monthly Market Recap...

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  • FEBRUARY 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Saturday, February 18th, 2017 at 1:03pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 484 homes at month end, 175 homes came onto the market, 130 homes were placed under contract, and 87 homes closed between $750,000 and $999,999 with an average sold price of $860,218 resulting in a closed dollar volume of $74.8 Million. Monthly Market Recap...

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  • FEBRUARY 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, February 14th, 2017 at 9:11am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,059 at month end, 649 homes came onto the market, 583 homes were placed under contract, and 387 homes closed between $500,000 and $749,999 with an average sold price of $589,754 resulting in a closed dollar volume of $228.2 Million. Monthly Market Recap...

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  • FEBRUARY 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, February 10th, 2017 at 8:39am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 3,655 homes at January month end, 3,620 homes came onto the market, 3,525 homes went under contract, and 3,004 homes closed at a median sold price of $348,218 and an average sold price of $399,856 resulting in a closed dollar volume of $1.2 Billion. Monthly Market Recap...

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  • New Job? New City? 4 Tips For Finding The Perfect New Home

    Posted by Damon L. Chavez on Tuesday, February 7th, 2017 at 2:29pm.

    February 7, 2017 | RISMedia, By Kara Masterson You're exploring life as a new employee in a city of which you know little. The last thing you want to do is blindly choose a house out of necessity. Here are four tips that can help you in your quest to find the perfect new home in your new city. Understand Your Personality and Desires Your personal characteristics, for the most part, remain the same regardless of where you reside. It is important that you have an honest conversation with yourself before contacting an agent or any real estate professional throughout the nation. The most skilled REALTOR® cannot assist in your home search without first having a scope of your wants and needs....

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  • Denver Moves Foreclosure Auctions Online

    Posted by Damon L. Chavez on Friday, February 3rd, 2017 at 1:02pm.

    February 1, 2017 | Denver Post - Real Estate, by Aldo Svaldi Denver’s Public Trustee office put down the gavel last year and moved its weekly foreclosure auctions entirely online — a first for Colorado. “Denver is pushing the envelope in technological innovation," said Denver Clerk and Recorder Debra Johnson, who had earlier implemented an online platform to process foreclosures. Last summer, Johnson turned to Realauction.com, which runs foreclosure auctions throughout Florida, to provide Denver with its own auction site. Aside from cost savings, the online auctions make it easier for investors to participate, which in theory should generate higher prices, something that helps both lenders and delinquent borrowers. “What we do at the...

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  • How To Prepare For Spring Real Estate

    Posted by Damon L. Chavez on Tuesday, January 31st, 2017 at 2:06pm.

    January 27, 2017 | Homes.com, By Tommy Sibiga Whether you’re buying or selling, the spring real estate market can be a hectic and fast-paced season. The National Association of Realtors recently conducted a new consumer survey that predicts home values will continue to rise over the course of 2017. After an impressive year for the housing market in 2016, 62% of current homeowners believe it’s a good time to sell. Spring is considered a generally favorable time for both buyers and sellers as the weather improves allowing homes to show well and more frequently, along with an uptick in inventory for buyers to browse. So, if you’re thinking of listing your home in the spring, what are some things you can do to prepare? As always, first speak with a...

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  • 3 Red-Hot Reasons to Move During the Icy Cold Winter

    Posted by Damon L. Chavez on Friday, January 27th, 2017 at 8:57am.

    January 27, 2017 | Realtor.com, by Angela Colley If moving in the dead of winter (or, really, doing anything other than wearing a Snuggie and watching Netflix) doesn’t sound ideal, we don’t blame you. The kids are in school. There are holidays to deal with. The days are short and dark. And it’s cold—really, really cold. But there are a few very good reasons to break out those coats and boots and start hauling boxes—or better yet, paying someone else to haul boxes for you. If you have any control over your moving schedule, you might want to zero in on the winter season. Here’s why....

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  • JANUARY 2017 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Wednesday, January 25th, 2017 at 9:51am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 585 homes at December month end, 55 homes came onto the market, 59 homes were placed under contract, and 89 homes closed for $1 Million or greater with an average sold price of $1,382,946 resulting in a closed dollar volume of $123.1 Million. Monthly Market Recap...

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  • JANUARY 2017 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Friday, January 20th, 2017 at 9:05am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 483 homes at month end, 90 homes came onto the market, 81 homes were placed under contract, and 146 homes closed between $750,000 and $999,999 with an average sold price of $847,400 resulting in a closed dollar volume of $123.7 Million. Monthly Market Recap...

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  • JANUARY 2017 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, January 17th, 2017 at 8:50am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,084 at month end, 342 homes came onto the market, 372 homes were placed under contract, and 527 homes closed between $500,000 and $749,999 with an average sold price of $593,684 resulting in a closed dollar volume of $312.9 Million. Monthly Market Recap...

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  • JANUARY 2017 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, January 13th, 2017 at 9:17am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 3,910 homes at December month end, 2,359 homes came onto the market, 2,757 homes went under contract, and 4,157 homes closed at a median sold price of $349,500 and an average sold price of $394,803 resulting in a closed dollar volume of $1.6 Billion. Monthly Market Recap: Single Family...

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  • Home Buyers Get a Rare Price Break on Mortgage Insurance Premiums

    Posted by Damon L. Chavez on Tuesday, January 10th, 2017 at 8:25am.

    January 9, 2017 | Realtor.com, by Clare Trapasso Everything in the world of real estate seems to be getting more expensive these days: from home prices to mortgage rates to the furniture you’ll need to fill up that new place. So it’s good to hear that some home buyers will finally get a break. Mortgage insurance premiums are slated to go down by 0.25% on Federal Housing Administration–insured loans that close on or after Jan. 27, the agency announced on Monday. (Buyers who don’t put down at least 20% on their homes are typically required to pay the monthly—and often costly—mortgage insurance.) A quarter of a percentage point may not sound like much, but it’s expected to save new homeowners an average of $500 a year. High-fives! And with...

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  • 6 Home Items You Should Never, Ever Buy on Amazon

    Posted by Damon L. Chavez on Friday, January 6th, 2017 at 2:54pm.

    January 6, 2017 | Realtor.com, by Liz Alterman Nothing beats the comfort of shopping on Amazon, Overstock, and other online stores from your couch. It’s modern-day convenience at its finest! While the internet is the ideal place to buy many things—books, electronics, Viagra—it’s not the answer for all your needs. And this is particularly true when it comes to furnishing every corner of your home. So take a gander at our collection of must-avoid online items, so you do not cave in to the seductive lure of true shopping laziness. Because a click lasts a moment, but regrets can last a lifetime. Or at least the life of your home. You’ve been warned!...

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  • Here's Your New Year's Resolution: Buy a Home Early in 2017

    Posted by Damon L. Chavez on Wednesday, January 4th, 2017 at 10:27am.

    December 22, 2016 | Realtor.com, by Jonathan Smoke Let’s finish out the year with a holiday basket packed with good news: We’re ending 2016 in better economic shape than in recent years. Unemployment is down to 4.6%, its lowest level since August 2007; consumer confidence is higher than it has been since July 2007; and home values nationally and in more than half of the major markets in the country have recovered. We’re employed, confident, and have recovered equity in our homes. The stock market is up and flirting with all-time highs. That sounds like the perfect backdrop to buy a home in 2017, whether it’s a first-time purchase, a move up, a downsize, or a relocation. Right? Maybe. But before you take the plunge, you’re going to have to come to...

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  • Denver home price index up 8.3 percent in October

    Posted by Damon L. Chavez on Friday, December 30th, 2016 at 8:35am.

    December 27, 2016 | Denver Post - Real Estate, by Aldo Svaldi Metro Denver, as it has done for most of the year, ranked third among the country’s largest cities for its annual pace of home price appreciation in October, according to the S&P CoreLogic Case-Shiller Indices. Metro Denver home prices rose at an 8.3 percent annual pace in October, behind Seattle at 10.7 percent and Portland, Ore., at 10.3 percent. It marks the ninth consecutive month that Seattle, Portland and Denver have held the top three spots on the closely watched measure of housing inflation. Nationally, home prices across the 20 large metros that the indices track rose 5.1 percent, on par with the pace seen in recent months. The weakest pace of home price gains occurred in...

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  • DECEMBER 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Monday, December 26th, 2016 at 11:55am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 582 homes at November month end, 107 homes came onto the market, 72 homes were placed under contract, and 97 homes closed for $1 Million or greater with an average sold price of $1,604,010 resulting in a closed dollar volume of $155.6 Million. Monthly Market Recap...

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  • DECEMBER 2016 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, December 20th, 2016 at 7:49am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 490 homes at month end, 132 homes came onto the market, 100 homes were placed under contract, and 129 homes closed between $750,000 and $999,999 with an average sold price of $851,831 resulting in a closed dollar volume of $109.89 Million. Monthly Market Recap...

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  • DECEMBER 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Friday, December 16th, 2016 at 10:27am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,070 at month end, 515 homes came onto the market, 387 homes were placed under contract, and 543 homes closed between $500,000 and $749,999 with an average sold price of $594,834 resulting in a closed dollar volume of $323.0 Million. Monthly Market Recap...

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  • DECEMBER 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Thursday, December 15th, 2016 at 10:48am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 3,476 homes at November month end, 3,543 homes came onto the market, 2,295 homes went under contract, and 4,142 homes closed at a median sold price of $350,000 and an average sold price of $400,569 resulting in a closed dollar volume of $1.659 Billion. Monthly Market ...

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  • Don’t Fall For These Five Holiday Scams

    Posted by Damon L. Chavez on Tuesday, December 13th, 2016 at 1:38pm.

    December 13, 2016 | Homes.com, By Megan Wild ‘Tis the season! The holidays are a flurry of activity — gift buying, trimming trees, placing poinsettias, parties with family and friends, eggnog, candy canes, and evergreens. Unfortunately, the winter holiday season is also a time when scammers come out to play. Scammers are around all year, but the holidays are especially tempting. People spend money on gifts, both in malls and online, and it’s tempting for scammers to insert themselves between you, your money and the things you intend to purchase. Observers are expecting a 12 percent rise in scammer activity this holiday season. For fraudulent activity online, the increase is much higher: 3 percent. Avoid disaster this season with the five most...

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  • U.S. 30-year average mortgage rate rises for sixth straight week to 4.13 percent

    Posted by Damon L. Chavez on Friday, December 9th, 2016 at 7:49am.

    December 8, 2016 | By The Associated Press WASHINGTON — Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump’s election win, marking new highs for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed rate loan jumped this week to 4.13 percent from 4.08 percent the previous week. The benchmark rate surpassed its 3.95 percent level of a year ago. The rate on 15-year home loans, a popular choice for people who are refinancing, rose to 3.36 percent from 3.34 percent. Long-term mortgage and interest rates have surged in the five weeks since Trump’s surprise victory in November to become the country’s next president. Since the election, bond investors have bee...

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  • 3 Brilliant Hacks to Make Snow Shoveling Less Miserable

    Posted by Damon L. Chavez on Wednesday, December 7th, 2016 at 9:45am.

    December 2016 | Houselogic, by Jamie Wiebe Don't Break your back shoveling snow. Try these tips to make winter less of a burden. If you’re a homeowner in a snowy climate, chances are good you rue the winter: All that snow has to go somewhere, and it’s not getting there itself. Cue the snow shovel. Barring a move to a snow-free state or barricading your family inside all winter, there’s no way to avoid the endless task of shoveling snow. There are, however, ways to make the process much easier. Here are three simple hacks to make the morning after a snowfall much less stressful....

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  • NOVEMBER 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Wednesday, November 30th, 2016 at 9:06am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 860 homes at October month end, 161 homes came onto the market, 103 homes were placed under contract, and 101 homes closed for $1 Million or greater with an average sold price of $1,505,617 resulting in a closed dollar volume of $152.1 Million. Monthly Market Recap...

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  • NOVEMBER 2016 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, November 29th, 2016 at 8:30am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 646 homes at month end, 187 homes came onto the market, 146 homes were placed under contract, and 143 homes closed between $750,000 and $999,999 with an average sold price of $845,826 resulting in a closed dollar volume of $120.95 Million. Monthly Market Recap...

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  • NOVEMBER 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Monday, November 28th, 2016 at 8:50am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,588 at month end, 685 homes came onto the market, 592 homes were placed under contract, and 620 homes closed between $500,000 and $749,999 with an average sold price of $589,757 resulting in a closed dollar volume of $365.6 Million. Monthly Market Recap...

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  • NOVEMBER 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, November 22nd, 2016 at 9:56am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,235 homes at October month end, 4,657 homes came onto the market, 4,628 homes went under contract, and 4,475 homes closed at a median sold price of $349,900 and an average sold price of $397,611 resulting in a closed dollar volume of $1.779 Billion. Monthly Market ...

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  • Study: Is Home Equity Still a Retirement Failsafe?

    Posted by Damon L. Chavez on Friday, November 18th, 2016 at 8:05am.

    November 2016 | RISMedia, By Suzanne De Vita Homeownership is one of the more viable paths to a secure retirement—but many older homeowners missed the prime opportunity to leverage that equity before the recession. How much usable equity can older homeowners now expect in retirement, given the rebound in home values? A recent study by the Urban Institute explored the answer to this question, analyzing the equity patterns among older households before, during and after the recession. “Not only does a house meet the basic need of shelter, but it’s an asset that typically can be used to build wealth as homeowners pay down their mortgages," the study’s authors state. “In fact, many retirement security experts argue that the conventional...

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  • New Home Building Trends: Why First Time Buyers Are In Luck

    Posted by Damon L. Chavez on Tuesday, November 15th, 2016 at 8:15am.

    November 14, 2016 | Homes.com, By Carson Buck If you’re a first time home buyer, you’re in luck. Why? Because the new home building trends that are currently at work in the real estate market are exactly what a new home buyer wants to see. But, if there’s one thing that’s certain about the real estate market – things change very quickly! Therefore, if you’re thinking about buying a home this year, then you need to get serious because who know how long these trends will last. Here’s a breakdown of the new home building trends that are great for first-time home buyers...

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  • Moving? You Know You Have Relocated to Colorado When. . .

    Posted by Damon L. Chavez on Friday, November 11th, 2016 at 8:01am.

    November 9, 2016 | REcolorado, by Jamie Froyd U.S. News & World Report ranks Denver, Colorado, as the #1 2016 Best Places to Live in the United States. The public survey of thousands of individuals across the U.S. finds out what makes a place desirable to live in, and factors in data from the U.S. Census Bureau, FBI and Bureau of Labor Statistics. It asks questions about cost of living, employment, and education as well as quality of life, crime rates, and health care. Denver rates 7.8 out of 10 possible points. So, when do you know you’ve relocated to a Colorado home? - You always know what direction is west. - Your keep your Sorels next to your Chacos – a foot of snow one day, sixty degrees the next. - The bicycle on your...

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  • 4 Things Home Buyers Worried About a Housing Bubble Should Consider

    Posted by Damon L. Chavez on Tuesday, November 8th, 2016 at 8:02am.

    October 8, 2016 | Realtor.com, by Scott Sheldon It’s 2016, and home prices are rising near the levels of the housing market just before the crash. Many are asking—and wondering — if we are in some kind of housing bubble. But are we? Here are a few things to consider if you’re worried about another housing bubble...

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  • Seven Tips On Selling Your Home Over The Holidays

    Posted by Damon L. Chavez on Friday, November 4th, 2016 at 5:10pm.

    October 28, 2016 | Homes.com, By Steve Cook Not so long ago, only truly desperate owners listed their homes during the holidays because they could expect to attract only bottom-feeder buyers eager to take advantage of someone else’s ill fortune. Today’s real estate market is virtually season-less. With millions of listings available online, buyers house hunt all year long online. In just a few years, the holiday home selling season has become a nearly as busy as the balance of the year. Last year nearly a million homes were sold during the holiday period, about 17 percent of all homes sold in 2015. Yet 2015 was actually slower than 2014, when 1.12 million homes were sold during the holidays, down 18.5% from their most recent peak level of 1.13...

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  • Is It OK to Use the Bathroom When You’re Touring a House? (and 4 Other Questions You’re Afraid to Ask)

    Posted by Damon L. Chavez on Tuesday, November 1st, 2016 at 3:37pm.

    2016 | Houselogic, by Stacey Freed It’s a marathon house-hunting day. As you check out listing No. 5’s brand new windows, it suddenly hits you: “Oh man, I have to go to the bathroom."Should you, or shouldn’t you?Navigating do’s and don’ts can be totally awkward, so we asked the pros everything most buyers secretly want to know. Well, Can I Use the Bathroom?If you’ve got to go, you’ve got to go — but don’t just wander off and take care of business. It might not work in every house. Literally.“Ask permission," says Pat Vredevoogd Combs, past president of the NATIONAL ASSOCIATION OF REALTORS® who works and lives inGrand Rapids, Mich. Vacant houses, especially in winter, may have the water shut off, so there’s no way to flush. That’s something...

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  • OCTOBER 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Sunday, October 30th, 2016 at 9:24am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 919 homes at September month end, 221 homes came onto the market, 108 homes were placed under contract, and 95 homes closed for $1 Million or greater with an average sold price of $1,546,373 resulting in a closed dollar volume of $146.9 Million. Monthly Market Recap...

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  • OCTOBER 2016 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Tuesday, October 25th, 2016 at 3:52pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 709 homes at month end, 236 homes came onto the market, 148 homes were placed under contract, and 143 homes closed between $750,000 and $999,999 with an average sold price of $848,280 resulting in a closed dollar volume of $121.3 Million. Monthly Market Recap...

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  • OCTOBER 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Friday, October 21st, 2016 at 8:23am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,730 at month end, 868 homes came onto the market, 641 homes were placed under contract, and 609 homes closed between $500,000 and $749,999 with an average sold price of $595,468 resulting in a closed dollar volume of $362.6 Million. Monthly Market Recap...

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  • OCTOBER 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, October 18th, 2016 at 11:15am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 7,043 homes at September month end, 5,739 homes came onto the market, 4,692 homes went under contract, and 4,471 homes closed at a median sold price of $347,000 and an average sold price of $397,011 resulting in a closed dollar volume of $1.775 Billion. Monthly Market Recap: Single Family...

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  • Castle Rock Landing $60 Million Project

    Posted by Damon L. Chavez on Friday, October 14th, 2016 at 2:49pm.

    October 13, 2016 | Denver Real Estate Watch, by John Rebchook Confluence Cos. will break ground in January on a $60 million, mixed-use development in Castle Rock. Confluence’s Riverwalk at Castle Rock, will include 228 apartment units, 30,000 square feet of office space, and 10,000 square feet of ground level retail and restaurant space. The first phase is scheduled for completion in the fall of 2018. The entire development will be completed by late 2018. The Castle Rock Town Council recently approved Riverwalk in a 5-0 vote. “I’m very passionate about what we’re doing in Castle Rock; I’m a Castle Rock resident," said Tony De Simone, a principal of Golden-based Confluence. “The main reason Confluence Cos. got involved in redeveloping...

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  • Everything You Need to Know About Portable Moving Containers

    Posted by Damon L. Chavez on Tuesday, October 11th, 2016 at 9:58am.

    October 7, 2016 | Zillow Porchlight, by Moving Tips Don't have the budget to hire movers, but don't want to drive a truck? Consider containers. Every journey begins with a single step — even a long-distance move. If you are on the threshold of a big relocation adventure, you need to make an important decision that will define your entire moving experience: Do you hire professional movers or move by yourself? Both moving options have considerable advantages and disadvantages, but neither of them may be appropriate for your particular moving needs. You need a solution that combines the most advantageous aspects of the self-moving process with the greatest benefits of using professional moving services. In this situation, moving with...

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  • What to Do a Year Before Buying Your First Home

    Posted by Damon L. Chavez on Thursday, October 6th, 2016 at 9:19am.

    October 2016 | Houselogic, by Jennifer Nelson A real yard. Closets bigger than your average microwave. The freedom to decorate however you darn well please! Making the switch from renting to owning is exhilarating, but many rookie homebuyers find the process trickier to navigate than they expected. This is why we created our First-Time HomeBuyer Checklist. The 12-month timeline will help you sidestep common mistakes, like paying too much interest or getting stuck with the wrong house. (Yep, it happens!)...

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  • The Closing Process: What Home Buyers Can Expect on the Big Day

    Posted by Damon L. Chavez on Tuesday, October 4th, 2016 at 8:12am.

    October 3, 2016 | Realtor.com, by Margaret Heidenry The hardest parts are over: You’ve found that perfect home in a haystack of listings, negotiated a deal you’re happy with, and secured a mortgage—and you’re now in the home stretch of the home-buying process. Just one more critical hurdle lies ahead: the home closing. Also known as “settlement" or “escrow," this is a day when all involved parties meet to make this transaction official. To make sure you’re fully prepared, here’s what to expect from the closing process, step by step....

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  • Steady Demand Seen in Senior Housing

    Posted by Damon L. Chavez on Friday, September 30th, 2016 at 8:44am.

    September 2016 | RISMedia With an excess of institutional and public capital at the start of 2016, the senior housing market began the year with a slight pause but has now steadied and is poised for long-term growth. Driving the senior houseing market is need-based housing, which includes skilled nursing facilities, asisted living and memory care The number of U.S. citizens age 65 and older continues to grow at a record pace. According to the U.S. Bu­reau of the Census, this group numbered 46.2 million in 2014 - the last year for which data is available. They represent 14.5 percent of the U.S. population and are estimated to rise to 98 million by 2060, more than double compared to 2014. "Given the vast number of seniors in the pipeline, it...

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  • SEPTEMBER 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Monday, September 26th, 2016 at 8:40am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 908 homes at August month end, 194 homes came onto the market, 113 homes were placed under contract, and 116 homes closed for $1 Million or greater with an average sold price of $1,541,238 resulting in a closed dollar volume of $178.8 Million. Monthly Market Recap...

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  • SEPTEMBER 2016 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Friday, September 23rd, 2016 at 9:09am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 726 homes at month end, 279 homes came onto the market, 167 homes were placed under contract, and 178 homes closed between $750,000 and $999,999 with an average sold price of $847,929 resulting in a closed dollar volume of $150.9 Million. Monthly Market Recap...

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  • SEPTEMBER 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, September 20th, 2016 at 8:06am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,725 at month end, 945 homes came onto the market, 710 homes were placed under contract, and 730 homes closed between $500,000 and $749,999 with an average sold price of $593,834 resulting in a closed dollar volume of $433.5 Million. Monthly Market Recap...

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  • SEPTEMBER 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Friday, September 16th, 2016 at 9:34am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,722 homes at August month end, 6,169 homes came onto the market, 5,350 homes went under contract, and 5,151 homes closed at a median sold price of $350,000 and an average sold price of $401,168 resulting in a closed dollar volume of $2.07 Billion. Monthly Market Recap: Single Family...

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  • REcolorado Launches Utility Score to Help Colorado House Hunters Understand True Cost of Homeownership

    Posted by Damon L. Chavez on Tuesday, September 13th, 2016 at 4:58pm.

    SEPTEMBER 13, 2016 | REcolorado REcolorado has added homebuyer information to its popular home search site, REcolorado.com, with UtilityScore, a new tool that offers a simple way to see the estimated monthly and annual utility cost of a specific single-family property. Utility costs are approximately 25 percent of monthly housing expenses according to the U.S. Census Bureau. Now homebuyers can take utilities into account when calculating the costs of owning a new home. “REcolorado is pleased to be Colorado’s first MLS to offer today’s savvy homebuyers a tool that will help them assess and plan for the lifetime cost of a property before they purchase," said Kirby Slunaker, president and CEO of REcolorado. “UtilityScore is also a tool real estat...

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  • Mortgage Rates Creep up Amid Expectations of Interest Hike

    Posted by Damon L. Chavez on Friday, September 9th, 2016 at 1:27pm.

    September 1, 2016 | By The Associated Press Average 30-year fixed-rate mortgage was 3.46 percent, mortgage giant Freddie Mac said. Long-term U.S. mortgage rates rose this week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon. Mortgage rates remain at historically low levels, however. Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage was 3.46 percent, up from 3.43 percent last week. The average rate is down from 3.89 percent a year ago, and is close to its all-time low of 3.31 percent in November 2012. The 15-year fixed mortgage rate increased to 2.77 percent from 2.74 percent...

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  • The Impact of Student Loan Debt on Housing

    Posted by Damon L. Chavez on Wednesday, September 7th, 2016 at 3:03pm.

    September 2016 | RISMedia By Vijay Yadlapati Over the past year, the National Association of REALTORS® (NAR) has become increasingly concerned about the impact of student debt on homeownership and the overall economy. The U.S. currently has a student debt load of $1.3 trillion, which accounts for 10 percent of all outstanding debt. While student debt has risen, the homeownership rate has fallen, especially among younger generations. NAR’s second quarter 2016 Housing Opportunities and Market Experience (HOME) survey reports that roughly two-thirds of non-homeowners with student debt said they are not comfortable also paying for a mortgage. Furthermore, non-homeowners and younger adults with student debt are less likely to believe that they can qualify...

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  • AUGUST 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Friday, September 2nd, 2016 at 9:26am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 947 homes at July month end, 216 homes came onto the market, 110 homes were placed under contract, and 125 homes closed for $1 Million or greater with an average sold price of $1,489,655 resulting in a closed dollar volume of $186.2 Million. Monthly Market Recap...

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  • AUGUST 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Tuesday, August 30th, 2016 at 1:49pm.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,743 at month end, 1,009 homes came onto the market, 689 homes were placed under contract, and 721 homes closed between $500,000 and $749,999 with an average sold price of $595,101 resulting in a closed dollar volume of $429.1 Million. Monthly Market Recap...

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  • AUGUST 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, August 23rd, 2016 at 11:40am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,858 homes at July month end, 6,449 homes came onto the market, 5,158 homes went under contract, and 4,942 homes closed at a median sold price of $350,000 and an average sold price of $408,372 resulting in a closed dollar volume of $2.02 Billion. Monthly Market Recap: Single Family...

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  • Realtors® Help Consumers Make Smart Back-to-School Home Shopping Decisions

    Posted by Damon L. Chavez on Thursday, August 18th, 2016 at 10:20am.

    August 2016 | National Association of Realtors, Sara Wiskerchen WASHINGTON (August 12, 2016) — In some school districts across the country, kids are already heading back to school after the summer break. While households with children commonly choose to buy a home in the late spring to get settled in before the new school season starts, rising home prices and a lack of homes for sale may mean more families have been forced to continue their house hunt into fall. "In a fast moving market with fewer homes for sale and rising prices, more buyers find themselves in need of a real estate professional to help them find the right home and guide them through each step of the process," said National Association of Realtors® President Tom Salomone...

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  • How Much to Tip Movers: The New Rules

    Posted by Damon L. Chavez on Monday, August 15th, 2016 at 1:59pm.

    August 12, 2016 | Realtor.com, by Lisa Kaplan Gordon At the end of a long day of packing your possessions, labeling boxes, and fretting about moving everything from Point A to Point B, you might suddenly realize you have no idea how much to tip movers—you know, those guys who hauled your couch up three flights of stairs, along with all the other stuff you’ve accumulated in your lifetime. How much gratuity is customary for such service? Generally, 15% to 20% is a customary tip in metropolitan areas, and 10% is on par for smaller areas, according to T.J. Peterson, digital marketing manager of Oz Moving & Storage, based in New York City. This jibes with a recent survey that found that 39% of respondents tip movers 10% of the total moving cost, while...

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  • Is It Too Late to Get In on the Summer 2016 Refi Boom?

    Posted by Damon L. Chavez on Thursday, August 11th, 2016 at 10:42am.

    August 10, 2016 | Zillow By Julian Hebron Reports of job creation seem like good news for the U.S. economy, but they could be trouble for mortgage seekers. Good economic news isn’t always good for mortgage rates. A stark reminder of this came Friday, August 5 when new data showed that the U.S. economy added 255,000 non-farm jobs in July, blowing out consensus forecasts of just 180,000, and immediately sending rates higher. Does this mean your 2016 refi window has closed? Let’s take a closer look....

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  • 10 Essential Questions to Ask When Buying a Home (That You May Have Missed)

    Posted by Damon L. Chavez on Thursday, August 4th, 2016 at 10:52am.

    August 3, 2016 | Realtor.com, by Lisa Johnson Mandell You’ve finally found it: a home you’re swooning over and dying to own. From the exposed ceiling beams to the hardwood floors, this feels like the place. So what’s next? Don’t just stand there dumbstruck; it’s time to dig deeper and ask questions—and not just the kind that randomly pop into your head, either. You need to hit all of the necessary topics head-on, and some of them are not so obvious. But you’re in luck: We’ve pulled together a checklist of some of the most important initial questions to ask when buying a home: What is the home’s sales history? When was the last time the house sold, and how much did the current owners pay for it? This is essential intel, and you don’t even...

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  • The Benefits and Drawbacks of Owning a Home with a Friend

    Posted by Damon L. Chavez on Wednesday, July 27th, 2016 at 10:28am.

    July, 2016 | HouseLogic, by Alaina Tweddale Want to buy a home, but still looking for that special someone? Consider this: A lot of legal documents are required at closing, but a marriage certificate isn’t one of them. The person sitting next to you at closing could be your best friend, your cousin, or even someone you might marry down the road. And the two of you would be in good company. Last year, nearly 400,000 couples who bought homes did so outside of a traditional marriage, according to the “2015 Profile of Home Buyers and Sellers" from the NATIONAL ASSOCIATION OF REALTORS®.Why’s that? In part, because people are saying “I do" later — about seven whole years later than in 1950, according to the U.S. Census Bureau. Despite this trend, home...

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  • The Very Worst Home Pricing Advice You’ll Ever Hear (and Why)

    Posted by Damon L. Chavez on Friday, July 22nd, 2016 at 2:29pm.

    July 2016 | Realtor.com, By Margaret Heidenry When it comes to selling your house for top dollar, good advice is as priceless as a vintage bootleg of “Abbey Road." But bad advice from well-intentioned friends and family can seem a bit more like unearthing an old mixtape from an ex: deeply personal and more than a little warped. To help you fast-forward past misconceptions, half-truths, and outright falsehoods, we’ve compiled a list of the very worst home-pricing advice you might actually hear someone say. Be sure to nod, then run in the opposite direction. Run fast. ‘Price the house based on what you feel is right’ Why you might hear this: Nobody but you knows that it took you forever to lovingly nurture those dahlias in your front yard...

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  • JULY 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Monday, July 18th, 2016 at 10:38am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 951 homes at June month end, 300 homes came onto the market, 129 homes were placed under contract, and 145 homes closed for $1 Million or greater with an average sold price of $1,478,134 resulting in a closed dollar volume of $214.3 Million. Monthly Market Recap...

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  • JULY 2016 - 7 COUNTY SIGNATURE MARKET HOMES SOLD BETWEEN $750,000 AND $999,999

    Posted by Damon L. Chavez on Thursday, July 14th, 2016 at 11:24am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 660 homes at month end, 382 homes came onto the market, 214 homes were placed under contract, and 204 homes closed between $750,000 and $999,999 with an average sold price of $847,022 resulting in a closed dollar volume of $172.8 Million. Monthly Market Recap...

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  • JULY 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Wednesday, July 13th, 2016 at 6:53am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,623 at month end, 1,174 homes came onto the market, 758 homes were placed under contract, and 801 homes closed between $500,000 and $749,999 with an average sold price of $594,186 resulting in a closed dollar volume of $475.9 Million. Monthly Market Recap...

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  • JULY 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Tuesday, July 12th, 2016 at 8:04am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 6,234 homes at June month end, 7,195 homes came onto the market, 5,341 homes went under contract, and 5,294 homes closed at a median sold price of $362,000 and an average sold price of $416,112 resulting in a closed dollar volume of $2.2 Billion. Monthly Market Recap...

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  • JUNE 2016 - 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER

    Posted by Damon L. Chavez on Friday, July 8th, 2016 at 3:53pm.

    7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER Market Metrics: By the numbers, the inventory of available homes for sale is 872 homes at May month end, 288 homes came onto the market, 161 homes were placed under contract, and 116 homes closed for $1 Million or greater with an average sold price of $1,535,228 resulting in a closed dollar volume of $178.1 Million. Monthly Market Recap...

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  • June 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Sunday, July 3rd, 2016 at 9:44am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,386 at month end, 1,068 homes came onto the market, 813 homes were placed under contract, and 732 homes closed between $500,000 and $749,999 with an average sold price of $590,306 resulting in a closed dollar volume of $432.1 Million. Monthly Market Recap...

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  • JUNE 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Thursday, June 30th, 2016 at 10:04am.

    JUNE, 2016 Market Metrics: By the numbers, the inventory of available homes for sale is 5,039 homes at May month end, 6,450 homes came onto the market, 5,599 homes went under contract, and 4,792 homes closed at a median sold price of $360,000 and an average sold price of $408,286 resulting in a closed dollar volume of $1.96 Billion. Monthly Market Recap: Single Famil...

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  • It’s a Good Time to Lock in Mortgage Rates

    Posted by Damon L. Chavez on Monday, June 27th, 2016 at 11:40am.

    DAILY REAL ESTATE NEWS | FRIDAY, JUNE 24, 2016 Borrowing costs stayed low for yet another week for home buyers and refinancers. The 30-year fixed-rate mortgage continues to hover near its lowest average in three years. "Mortgage rates have been slow to adjust to the 10-year Treasury yield, which has increased 12 basis points since last week," says Sean Becketti, Freddie Mac’s chief economist. “This week's survey shows the 30-year fixed rate inching up to 3.56 percent, only 2 basis points above last week's average. The low rates continue to be good news for the housing market, as existing home sales rose 1.8 percent to a 5.53 million seasonally adjusted annual rate in the month of May -- the highest level since February 2007." Freddie...

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  • Sellers: What Every Buyer Wants to Know about Your Home

    Posted by Damon L. Chavez on Thursday, June 23rd, 2016 at 9:36am.

    June 2016 | RISMedia’s Housecall, By Suzanne De Vita Home sellers are in an advantageous position this summer, with demand high and sales at their strongest in close to a decade. Planning to list your home in the coming weeks? Get the most for your house before the season’s up by making it accessible to buyers—with information. Every homebuyer wants to know specific aspects of homes they’re considering purchasing—information that may seem premature to advertise initially, but could ultimately be determining factors in their decision to make an offer. This information may include...

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  • What You Must Know before Getting a Mortgage Online

    Posted by Damon L. Chavez on Monday, June 20th, 2016 at 3:18pm.

    une 9, 2016 | U.S. News Real Estate, by Devon Thorsby Mortgage lenders are aiming to simplify and clarify using technology. Here's how to navigate your options. Mortgage lending today is rapidly joining the realm of new websites and mobile apps aimed at streamlining financial processes and making it easier for people to take control of their money. New online-only mortgage lenders and online options for existing lending institutions are available to the public every day. As virtual tools become the new norm, homebuyers looking to finance their big purchase should expect a less intimidating and more efficient borrowing experience. The timing may be right for these additional options. Real estate markets across the country have largely...

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  • Foot Loose: Denver No. 9 for Walkability

    Posted by Damon L. Chavez on Thursday, June 16th, 2016 at 9:39am.

    June 15, 2016 | Denver Real Estate Watch, by John Rebchook Foot loose Denver No. 9 for walkability. Foot Traffic ahead ranks 30 metropolitan areas. Light rail will make Denver suburban areas even more walkable, foot study says. Denver is clearly foot loose. Maybe not like in the 1984 classic movie Footloose starring dance crazy Kevin Bacon, of course. Rather, Denver made the top 10 list of one of the most walkable metropolitan areas in the U.S., according to a report released on Tuesday. Denver ranked No. 9 in the “Foot Traffic Ahead" report released by George Washington University’s Center for Real Estate and Urban Analysis. Denver is taking strides to become even a more walkable city. “The report captures the influence that smart...

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  • Know Before You Owe: 6 Questions To Ask Your Mortgage Lender

    Posted by Damon L. Chavez on Monday, June 13th, 2016 at 3:57pm.

    June 1, 2016 | Trulia, by Kayla Albert Shopping for a home loan is just as important as shopping for the home itself. Here’s what you should “know before you owe." From weeding through paperwork to searching for optimal loan terms, purchasing a home can be as mentally taxing as navigating a foreign country without knowing the language. Let’s face it: Channeling your energy toward finding the perfect home, is a much more pleasurable experience than agonizing over potential lenders and loan applications. Yet, the loan and lender you ultimately choose should be just as important as the neighborhood you explore or the home on which you put an offer; therefore, the amount of legwork for each chore should be comparable. In an effort to bolster...

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  • 3 Tips For Crafting Tempting Offers That Sellers Will Love

    Posted by Damon L. Chavez on Thursday, June 9th, 2016 at 12:40pm.

    May 26, 2016 | Trulia, By Erika Napoletano Writing an offer letter sellers will love might seem like a no-brainer, but don't underestimate this powerful tool. It’s like striking gold: After hours of scouring homes for sale, you’ve found the house of your dreams. In fact, you went home last night and played a little game of Where Does the Sofa Go? But before you can say “home sweet home," there’s an offer to be made (and accepted). While these three tips won’t guarantee that your offer will be chosen, they will help you be competitive, and you’ll be one step closer to landing your dream home. 1. Carefully consider your approach If you think your dream home’s listing price is just a place to begin negotiations, think again. First, have...

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  • Avoiding Home Buyer's Remorse

    Posted by Damon L. Chavez on Monday, June 6th, 2016 at 10:24am.

    June 1, 2016 | Zillow, By Brendon Desimone Home shopping can be an intense, emotional process. Here’s how to make sure you don’t get caught up in it. Ever bought something special and later realized you didn’t need it or like it after all? Usually, returning it is as simple as boxing it back up, locating the receipt, and taking it back to the store for a full refund. But unlike store merchandise or even a car, you can’t return a home with a receipt, which makes the decision to buy even more stressful. You also don’t get a chance to “try before you buy" the home. You need to do as much homework ahead of time as possible, because in real estate “All Sales are Final." In a busier real estate market, with competitive bidding and limited...

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  • MAY 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Wednesday, June 1st, 2016 at 8:47am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 1,295 at month end, 1,011 homes came onto the market, 758 homes were placed under contract, and 603 homes closed between $500,000 and $749,999 with an average sold price of $595,502 resulting in a closed dollar volume of $359.1 Million. Monthly Market Recap...

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  • College-Educated Denver Millennials Need 15 Years to Save a Down Payment

    Posted by Damon L. Chavez on Tuesday, May 31st, 2016 at 7:45am.

    May 20, 2016 | Denver Post - Real Estate, by Aldo Svaldi Nationally, a college-educated person who is under age 36 with no student debt needs about 5.3 years on average to save for a 20 percent down payment on a median-priced home, according to the survey of more than 30,000 renters. In metro Denver, that same renter will require 14.8 years to get enough set aside for a median-priced home. Normally, those without student loans can save more for a home each month, but Denver is an exception. A millennial with student loans needs about 11.8 years. Millennials with no college education in Denver need 23.7 years on average. Why so long? Metro Denver’s median home price is now among the highest in the country outside the Pacific coast. And...

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  • MAY 2016 - 7 COUNTY LUXURY MARKET

    Posted by Damon L. Chavez on Saturday, May 28th, 2016 at 11:48am.

    METROPOLITAN DENVER 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER Market Metrics: By the numbers, the inventory of available homes for sale is 821 homes at April month end, 293 homes came onto the market, 122 homes were placed under contract, and 91 homes closed for $1 Million or greater with an average sold price of $1,525,187 resulting in a closed dollar volume of $138.8 Million. Monthly Market Recap...

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  • MAY 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Wednesday, May 25th, 2016 at 12:30pm.

    7 COUNTY METROPOLITAN DENVER MARKET UPDATE MAY, 2016 Market Metrics: By the numbers, the inventory of available homes for sale is 4,845 homes at April month end, 6,137 homes came onto the market, 4,917 homes went under contract, and 4,255 homes closed at a median sold price of $350,000 and an average sold price of $395,690 resulting in a closed dollar volume of $1.7 Billion. Monthly Market Recap: Single Family...

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  • Colorado Population Growth Far Outstripped New Housing, Census Says

    Posted by Damon L. Chavez on Monday, May 23rd, 2016 at 10:35am.

    May 20, 2016 | Denver Post - Real Estate, by Aldo Svaldi Colorado’s population rose by almost 102,000 people last year, but the state added only 25,143 new homes, condos and apartments to accommodate those newcomers, according to updated estimates from the U.S. Census Bureau. The division of those two numbers explains the multiplication of headaches for anyone trying to buy or rent a home along the northern Front Range: The average household size in Colorado is 2.5 people. That means the state should have added 40,500 housing units. Instead, it is running 15,000 homes short of where it should be, adding to a deficit that has been mounting since 2012. “This is a perfect cocktail for a really bad housing outcome," Washington-based housing economis...

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  • Failing to Pay HOA Fees Can Now Harm Your Credit Score

    Posted by Damon L. Chavez on Thursday, May 19th, 2016 at 2:13pm.

    May 17, 2016 | Inman, by Caroline Feeney Sperlonga Data & Analytics will report homeowner association payment information to Equifax Key Takeaways Homeowners who fail to pay their HOA dues in a timely manner are now also risking their credit score, just as they would with a late mortgage payment. Sperlonga Data & Analytics agreed to become the first company to furnish homeowner association payment and account status information to Equifax, one of the three largest credit bureaus. While the percent of available credit and your on-time payment history are the two of the most important factors, the partnership between Sperlonga and Equifax joins a number of other surprising things that can affect your score....

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  • Millennials Changing Face of America, Heavily Impacting Homeownership, Say Experts

    Posted by Damon L. Chavez on Monday, May 16th, 2016 at 11:25am.

    May 13, 2016 | National Association of Realtors Millennials are bucking trends, changing the landscape of America, and sharply different from previous generations in many different ways. One of the most visible and consequential ways is through millennial homeownership numbers, according to experts on generational trends and homeownership presenting at the 2016 REALTORS® Legislative Meetings & Trade Expo. While all generations have their own hardships, opportunities and defining features, millennials are coming of age in a time of deep demographic transformation, experts say. In a session titled "The Minds of Millennials—Motivation, Mobility and Making Home," moderated by National Association of Realtors® Chief Economist Lawrence Yun, panelists...

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  • 21 Tips for First-Time Homebuyers

    Posted by Damon L. Chavez on Thursday, May 12th, 2016 at 12:10pm.

    First-time homebuyers can easily be caught off guard by unexpected surprises. Here are 21 tips that will quickly get homebuyers up to speed and ready for a successful house hunt. 1. Money Getting preapproved for a home loan can take some time for even the most organized person. Meet with a lender early...

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  • Frustration rises as a fifth of Denver home sale deals fall through in April

    Posted by Damon L. Chavez on Monday, May 9th, 2016 at 9:45am.

    May 5, 2016 | Denver Post - Real Estate, by Aldo Svaldi Seller demands and buyer desperation lead to unusual increase in failed contracts, reports the Denver Metro Association of Realtors Home buyers and sellers took off their gloves and went at it in April, with an unusually large share of contracts — as many as 23 percent — falling through, according to a report Thursday from the Denver Metro Association of Realtors. "It is unbelievably brutal out there. Tempers are flaring. A lot of buyers are giving up and renting," said Richard Kelley, who oversees 117 brokers as owner and president of Metro Brokers DTC. Metro Denver had 6,387 new listings come on the market, up 11.3 percent from March, and 5,153 homes go under contract, a 9.2 percent...

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  • April brings record home prices, REcolorado

    Posted by Damon L. Chavez on Thursday, May 5th, 2016 at 9:55am.

    May 5, 2016 | Denver Real Estate Watch April brings record home prices, REcolorado reports. Inventory levels at record lows for an April. Homes selling in weeks, not months. Record highs, record lows. The trend continued in April, as Denver-area home prices continued to climb, topping the previous record set in March, according to a report released on Monday by REcolorado. Meanwhile, with only about 6,100 active listings on the market, inventory levels were 11.7 percent higher than the previous low set in March. However, the 6,109 active listings on the market was the lowest it has ever been for an April, according to an analysis of the Metrolist data by Denver Real Estate Watch. There were more than 10,000 unsold homes on the...

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  • Refinancing: The Right Move?

    Posted by Damon L. Chavez on Thursday, April 28th, 2016 at 8:54am.

    The federal reserve recently raised interest rates, and if you have an Adjustable Rate Mortgage (ARM), it may be a good time to consider refinancing your home. There’s no one-size-fits-all answer to whether you should refinance, so here are a few of the main considerations. How long does your introductory rate last? Most ARMs have a fixed rate for the beginning of the mortgage. This is an introductory period (usually 3-10 years) when your rate will remain constant before it can be adjusted. If you have several years left in your introductory period, you can monitor interest rates for a while before making a decision. But if the intro rate is ending soon, it’s a great time to explore refinancing at a fixed rate. How long are you staying? If you...

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  • Denver, Boulder hit record high home prices in March. Of seven metros nationally where the median price of a home sold reached record highs in March, four were in Colorado

    Posted by Damon L. Chavez on Monday, April 25th, 2016 at 8:52am.

    Colorado's northern Front Range has the hottest housing markets in the country, with four metro areas setting records last month for gains in home prices. Denver, Boulder, Fort Collins and Greeley all saw the median price of a home sold climb to a new high in March. Only three other cities in the U.S. had that distinction. "March was very much dominated by the Colorado markets," said Daren Blomquist, a vice president with RealtyTrac, a real estate information provider in Irvine, Calif. The double-digit home price gains have far outstripped income gains along the Front Range and can't go on indefinitely, he said, adding that he expects a correction in the coming...

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  • APRIL 2016 - 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999

    Posted by Damon L. Chavez on Monday, April 18th, 2016 at 9:40am.

    METROPOLITAN DENVER 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999 Market Metrics: By the numbers, the inventory of available homes for sale is 1,166 at month end, 934 homes came onto the market, 680 homes were placed under contract, and 583 homes closed between $500,000 and $749,999 with an average sold price of $590,283 resulting in a closed dollar volume of $344.1 Million. Monthly Market Recap...

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  • APRIL 2016 - 7 COUNTY LUXURY MARKET

    Posted by Damon L. Chavez on Friday, April 15th, 2016 at 10:02am.

    Market Metrics: By the numbers, the inventory of available homes for sale is 709 homes at March month end, 225 homes came onto the market, 102 homes were placed under contract, and 73 homes closed for $1 Million or greater with an average sold price of $1,526,470 resulting in a closed dollar volume of $111.4 Million. Monthly Market Recap...

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  • APRIL 2016 - 7 COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Thursday, April 14th, 2016 at 8:21am.

    APRIL, 2016 | 7 COUNTY METROPOLITAN DENVER MARKET UPDATE Market Metrics: By the numbers, the inventory of available homes for sale is 4,080 homes at March month end, 5,415 homes came onto the market, 4,530 homes went under contract, and 4,028 homes closed at a median sold price of $345,000 and an average sold price of $389,822 resulting in a closed dollar volume of $1.6 Billion. Monthly Market Recap: Single Family...

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  • More Millennials are Moving to Denver!

    Posted by Damon L. Chavez on Monday, April 11th, 2016 at 9:17am.

    April 6, 2016 | Denver Business Journal - Only two other U.S. cities are attracting more millennials moving in than Denver, according to a new report. According to the 2016 Mayflower Mover Insights Study, only Dallas and Chicago attracted more millennials moving in than Denver. Without providing specific numbers, the report indicated that Denver outdrew cities like Seattle (No. 4), Atlanta (No. 5) and Los Angeles (No. 6) in attracting millennials to the city. Why are they coming? Last month, Denver was named the best place in the entire nation to live, according to U.S. News & World Report's inaugural "Best Places to Live" rankings...

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  • Competition, prices up as metro Denver home market enters selling season

    Posted by Damon L. Chavez on Thursday, April 7th, 2016 at 11:17am.

    Apr 5, 2016 | Denver Business Journal - Strong demand for homes in metro Denver continued in March, further driving price increases and stiff competition between buyers. The average price of a home in metro Denver, including both detached single-family houses and attached homes such as townhomes and condominiums, rose 9.8 percent year-over-year to $393,684 in March, according to the latest report from the Denver Metro Association of Realtors. Taken separately, detached home prices increased 8 percent to $435,796 in March, while condo prices increased 11 percent to $287,249. Active listings for attached and detached homes together in the metro area reached 4,482 in March, an increase of 9 percent over the same period last year, but continued...

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  • MARCH 2016 - 7 COUNTY PREMIERE MARKET (HOMES SOLD BETWEEN $500,000 AND $749,999)

    Posted by Damon L. Chavez on Monday, March 21st, 2016 at 10:59am.

    METROPOLITAN DENVER 7 COUNTY PREMIERE MARKET HOMES SOLD BETWEEN $500,000 AND $749,999 MARCH, 2016 Market Metrics: By the numbers, the inventory of available homes for sale is 1,026 at month end, 655 homes came onto the market, 582 homes were placed under contract, and 307 homes closed between $500,000 and $749,999 with an average sold price of $590,852 resulting in a closed dollar volume of $181.4 Million. Monthly Market Recap...

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  • MARCH 2016 - 7 COUNTY LUXURY MARKET

    Posted by Damon L. Chavez on Friday, March 18th, 2016 at 8:16am.

    METROPOLITAN DENVER 7 COUNTY LUXURY MARKET HOMES SOLD FOR $1 MILLION OR GREATER MARCH, 2016 Market Metrics: By the numbers, the inventory of available homes for sale is 647 homes at February month end, 164 homes came onto the market, 78 homes were placed under contract, and 66 homes closed for $1 Million or greater with an average sold price of $1,613,806 resulting in a closed dollar volume of $106.5 Million. Monthly Market Recap: Single Family...

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  • MARCH 2016 - SEVEN (7) COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Wednesday, March 16th, 2016 at 1:36pm.

    RE/MAX Professionals SEVEN (7) COUNTY METROPOLITAN DENVER MARKET UPDATE MARCH, 2016 Market Metrics: By the numbers, the inventory of available homes for sale is 3,627 homes at February month end, 4,081 homes came onto the market, 3,971 homes went under contract, and 2,925 homes closed at a median sold price of $328,000 and an average sold price of $375,696 resulting in a closed dollar volume of $1.1 Billion. Monthly Market Recap: Single Family...

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  • SEVEN (7) COUNTY METROPOLITAN DENVER MARKET UPDATE

    Posted by Damon L. Chavez on Thursday, September 10th, 2015 at 8:31am.

    RE/MAX Professionals SEVEN (7) COUNTY METROPOLITAN DENVER MARKET UPDATE AUGUST, 2015 Market Metrics: By the numbers, the inventory of available homes for sale is 6,787 homes at July month end, 7,114 homes came onto the market, 5,206 homes went under contract, and 5,557 homes closed at a median sold price of $313,000 and an average sold price of $370,031 resulting in a closed dollar volume of $2.06 Billion. Monthly Market Recap: Single Family...

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  • Job growth fuels housing

    Posted by Damon L. Chavez on Tuesday, January 29th, 2013 at 3:48pm.

    Strong job markets are typically associated with strong housing markets. NerdWallet, a personal finance Web site, recently culled data from the U.S. Census Bureau and the Council for Community and Economic Research to reveal the fastest growing cities for employment opportunities. NerdWallet ranked cities based on population growth, income, unemployment rate, and cost-of-living. The following seven job markets topped the list: 1. Austin, Texas Median income: $31,170 2. Washington, D.C. Median income:...

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  • Dropping foreclosure rates, not just in Denver, Colorado

    Posted by Damon L. Chavez on Friday, October 5th, 2012 at 4:05pm.

    Foreclosures continue to show signs of dropping across the country. In August, there were 57,000 foreclosures completed nationwide, down from 75,000 one year ago, according to CoreLogic's National Foreclosure Report for that month . As of August, about 1.3 million homes — or 3.2 percent of all homes with a mortgage — were in the national foreclosure inventory or in some stage of foreclosure. In August 2011, that number stood at 1.4 million. “The continuing downward trend in foreclosures and a gradual clearing of the shadow inventory are...

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  • Denver home value information from Zillow 2012

    Posted by Damon L. Chavez on Wednesday, September 19th, 2012 at 11:38am.

    Information courtesy @zillow and @denverpost Contact me for your neighborhood details Phil Heep 303-588-6885 philheep@gmail.com @philheep on twitter www.coloradohousefinders.com to search properties in Denver, Aurora, Lakewood, Golden, Highlands, Cherry Creek, LoDo...

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  • Information for Sellers, what do Buyers dislike about your listing?

    Posted by Damon L. Chavez on Wednesday, September 5th, 2012 at 8:52pm.

    What makes home buyers grimace when they tour a home for-sale? Don’t let one of your listings fall prey to one of these common buyer pet peeves. A recent article at Zillow highlights some of the following turn-offs: Pets: Dirty kitty litter boxes or dog toys scattered in a room can turn off buyers who associate pets with unsanitary homes. Remove all traces of pets in a home and pay attention to the home’s smell; get rid of any lingering pet odors when homes are for sale. Kid items: Don’t let the kids overtake a home with toys cluttering every square inch. Also, pay attention to any sanitary or personal items involving infants. For example, “leaving breast milk, a breast pump, or dirty baby bottles on the kitchen counter could make a buyer feel...

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  • Signs of an improving Real Estate Market

    Posted by Damon L. Chavez on Tuesday, June 19th, 2012 at 7:11pm.

    These facts are true all over Denver! Search for a home on our website HERE * * * * * 5 signs real estate markets are improving We're in the midst of spring selling season and mixed among all the negative news about unemployment and the worrisome news from overseas there are signs that the real estate market has begun taking its first tentative steps to recovery. Could the horrible housing recession that we have been experiencing since 2007 finally be coming to an end? The answer depends upon your local market; however, there are a number of national trends that bode well for almost everyone. 1. Price increases lag behind inventory declines According to the S&P/Case-Shiller National Composite, an index of national home...

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  • Lowest inventory of property listings for sale in Denver (per capita) EVER!

    Posted by Damon L. Chavez on Monday, May 14th, 2012 at 7:49pm.

    Take a look at the housing inventory in Denver! Think its time to sell a home? Read the summary after the graph. If you want to know what's for sale in your part of town, just ask, we can send you a summary of all active and recently sold listings....

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  • House-hunting? 5 Signs You've Found The Perfect Home!

    Posted by Damon L. Chavez on Monday, March 12th, 2012 at 4:33pm.

    Househunting in a Buyers Market can turn into a long, drawn-out process. While buyers in a stronger market might generally see a handful of homes before making a final decision, buyers in a saturated market are apt to search & keep searching... often ending up in an indecisive loop. This is due in part to the "finicky-factor", which goes up exponentially in a saturated market. High end amenities (i.e. his & her sinks), not normally a consideration in the middle price range - might be deal-breakers in a competitive market. People simply don't respond well to too many choices (too many chances to choose wrong), so they end up... choosing nothing at all. So, how will you know when it's time to settle down & tie the proverbial knot with a...

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  • Inventory shrinks for active house listings in Denver Colorado

    Posted by Damon L. Chavez on Monday, February 13th, 2012 at 8:26pm.

    The big headline these days in the Denver real estate market is the massive drop in inventory (homes for sale) over the past couple of years. In December, 2007 there were 27,127 homes and condos on the market in metro Denver. As recently as December, 2010 there were 14,275 properties on the market. Today there are only 10,993. We have to go all the way back to 1999 to see inventory this low. This massive drop in inventory in the under $300k market segment has profound ramifications for our local real estate the market. Let’s start with a simple supply and demand discussion. Supply = the inventory of homes on the market. Demand = the number of buyers looking for homes. Currently, supply is at a 12 year low. In 1999 when supply hit its lowest point in a...

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  • If You Had to Sell Your Home Fast...

    Posted by Damon L. Chavez on Friday, July 15th, 2011 at 6:03am.

    What would you do? Suppose something came up and you had a week to prepare your home for sale, what steps would you take? The goal of preparing a home for sale is to get the home in such condition a buyer can easily see how the home would fit them and their life - without a lot of work. Some things you can do are: Put things in storage – or at least the garage – so the home looks as roomy, neat and organized as possible. Thoroughly clean, and paint rooms or the exterior as needed to get a really fresh and maintained appearance. Use flat paint to brighten dark rooms. Take care of needed repairs. Check and improve lighting as needed so each area feels comfortable. Place new door mats or throw rugs at each entry way. Take care of...

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  • Denver is the Fastest Market and Success Stories

    Posted by Damon L. Chavez on Thursday, June 30th, 2011 at 11:24pm.

    According to a recent Denver Post article by John Rebchook, Realtor.com reported that May is the second month in a row that the Denver area is leading the nation in how fast homes sell. Their study analyzed 146 metropolitan areas and concluded that it took an average of 39 days to sell a home in the Denver area in May, and an average of only 44 days in April. Realtor.com is owned by the National Association of Realtors®. Nationwide, from the Realtor.com report, the average was 92 days to sell a home this May – up 4.5 percent from May of 2010. Denver’s current time to market is 2.5 percent lower than the previous May. On the other hand, according to the Post article, Metrolist reports an average of 109 days to sell a property in the Denver area...

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  • Seven Quick Points for Buyers of Real Estate Short Sales in Denver, Colorado

    Posted by Damon L. Chavez on Wednesday, June 22nd, 2011 at 1:23pm.

    1) Across the United States and in the Denver, Colorado metro area, short sales of Residential Real Estate are very common. The majority of homebuyers are not aware of the differences between buying a short sale home and purchasing other homes on the market. The term “short sale" describes the situation where the homeowner owes more on their home than it is worth (is “upside down" on the mortgage) and now, for whatever reasons, has to sell instead of going through a foreclosure. And they have negotiated with their mortgage company to accept a sales price and mortgage payoff that is less than the amount owed. Home owners get upside down because after they purchased, refinanced, or took out a second mortgage, the home’s market value decreased to an...

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  • Second-Home Sales Accounted For One-Third of Transactions in 2007; Vacation Home Purchases Examined

    Posted by Damon L. Chavez on Tuesday, April 8th, 2008 at 5:30pm.

    The National Association of Realtors has reported results from a 2007 Investment and Vacation Home Buyers Survey, conducted in March 2008. They found that sales of second homes, including vacation and investment home sales, still accounted for 33 percent of all existing and new home sales for 2007, down from 36 percent of transaction sin 2006. The combined total of such home sales did decline with the overall market in 2007. In terms of type of Vacation home purchased, 59 percent were detached single-family homes, 29 percent condos, 7 percent townhouses or row houses, and 5 percent other. In 2006, single family homes accounted for 67 percent of vacation-home sales, while condos were 21 percent. The typical vacation-home buyer in 2007 was 46 years...

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  • Green Plumbing Trends - New Technology Supplies Hot Water on Demand

    Posted by Damon L. Chavez on Tuesday, April 8th, 2008 at 5:27pm.

    If you’re like most people, you are paying to heat the water for your home 24 hours a day, every day. The average homeowner pays to keep hot water hot even when they don’t need it. Traditional water heaters make for standby energy losses that cost you money. We do not leave our homes heated while vacationing. We only heat our homes when there is a demand for heat. Wouldn’t it be great if you could pay to heat water only when you need it? There is a way. Tankless water heaters provide continuous hot water, heating water only as you need it, thus providing greater efficiency and energy savings. An average, traditional 50-gallon water heater can supply about three to four back-to-back showers. With a tankless, you can enjoy endless back to back showers! Also...

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  • Real Estate Staging – Best Practices

    Posted by Damon L. Chavez on Tuesday, April 8th, 2008 at 5:23pm.

    By now, staging a home for sale has become a common practice by sellers and their real estate agents. And like many things in preparing a home to sell, you can either choose to do it yourself or hire one of the many professional stagers around. There are advantages to both. The obvious benefit to staging your home yourself is the cost savings. If you are really on a budget, you might want to do a few Internet searches for staging tips and put your head together with your agent to come up with a house that presents itself well and that potential buyers can imagine living in themselves. This brings us to our first tip. All that wonderful memorabilia, photos and items that truly express your personality – take them down. Try to use more generic furniture...

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  • Denver Housing Trends – Mixed-use Development

    Posted by Damon L. Chavez on Tuesday, April 8th, 2008 at 5:20pm.

    Along I-25 south of Denver from Belleview Avenue to Lincoln Avenue in the area known as the Denver Tech Center, higher density, transit-oriented development has taken place over the past several years. Pushing this development was “T-Rex", the $1.67 billion transportation expansion project whose goal was to “transform the way people in the Denver metro area commute within the area of the I-25 and I-225 intersection". This area was, at the time, estimated to be the 14th busiest intersection in the entire United States. By many measures, the T-Rex project was successful. The interstates widen to seven lanes in many spots, and 40 miles of light-rail track were laid. The T-Rex project finished 3.2% under its $1.67B budget and 22 months ahead of schedule in...

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  • What to do about Stucco?

    Posted by Damon L. Chavez on Monday, February 25th, 2008 at 1:32pm.

    Stucco was all the rage for a time, and builders not only used it to cover new homes, but also over top of old wood siding homes. If your home has an older stucco finish, chances are it is in need of some repair. Typically, stucco is applied in several coats over a wire mesh which lies on top of spacers, building paper, and a sheathing, most likely plywood. It can be blown on or applied by hand. It is important to know that stucco absorbs moisture. This makes for a challenge when deciding what to do to replace it. If you have cracks or holes in your stucco, you can probably patch these fairly easily. Determine which kind of cement most closely matches your type of stucco, as there are a variety of suitable types. Then, examine your texture, and...

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  • Buying a Retirement Home? Plan Ahead

    Posted by Damon L. Chavez on Monday, February 18th, 2008 at 10:18am.

    If you are planning to relocate for your retirement, or simply want a new home in the same community, you are probably looking for a nice home to live in for retirement. Well this is the perfect time to plan a little further ahead. Maybe you have aspirations of moving again in the future, but for many people, retirement is a time when the stresses of life are to be left behind. This can include home-buying and moving. If there is any chance that the next home you buy will be your last, do yourself a favor and consider your future needs. While your mobility might be great at the moment, chances are that as you age, eventually there will come a time when stairs are not your best friend. Considering accessibility might seem far-fetched while you are...

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  • Healthy Homes: Avoiding Indoor Pollution

    Posted by Damon L. Chavez on Monday, February 11th, 2008 at 11:30am.

    There is a lot of talk in recent years about the concept of a "sick building". Obviously, buildings don't get sick. What this term refers to is a buildings ability to make its residents sick. This can happen for a variety of reason, but generally it all boils down to indoor air pollution which some people have allergic reactions to. The amount of indoor pollution depends on the materials a home is constructed with and how much ventilation it has. I am not a doctor by any means, and have no idea why more and more people are having allergic reactions to their homes. But if you are a sensitive type, or have a compromised immune system, it might be a good idea to give some thought to avoiding sources of indoor pollution. Some indoor air pollution comes...

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  • 10 Steps to Organizing Your Home

    Posted by Damon L. Chavez on Monday, February 4th, 2008 at 7:45am.

    1. Kitchen: Remove all the bits and pieces around your kitchen sink. Get a tray to hold your scrubbies and sponges. Soap should be stowed in the cupboard and keep out a decorative container of hand soap and lotion. Get a decorative container to hold all your large utensils by the stove. It makes cooking much easier and frees up space in your drawers. 2. Bathroom: Everything should have its place. Get cheap plastic storage containers or baskets and fill them with commonly used items. For instance have one for bandages, alcohol and other first aid items. Create another for make-up, and another for hair accessories. You'll love how quick and easy it is to find things when you need them. 3. Home Office: Again, grab some small containers to store all...

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  • What Is Occurring In The Cherry Creek Real Estate Market In Denver?

    Posted by Damon L. Chavez on Tuesday, January 15th, 2008 at 11:06am.

    The Cherry Creek neighborhood in Denver was one of the top neighborhoods searched on the Colorado House Finders website last month. Since Cherry Creek was one of the most popular neighborhoods searched, we felt it appropriate to provide our in-state and out-of-state visitors a more in depth view of the Cherry Creek Real Estate market. The boundaries for the Cherry Creek neighborhood are bordered by East 6th Avenue (North), East 1st Avenue (South), University Boulevard (West) and Harrison Street (East). The Cherry Creek neighborhood is a blend of old and new with homes representing architectural designs from every decade since the beginning of the 20th century. However, over the years the Cherry Creek real estate market has changed from...

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  • How Does a Decrease in the Federal Funds Rate Influence Your Ability to Purchase Real Estate In Denver?

    Posted by Damon L. Chavez on Tuesday, January 1st, 2008 at 7:59am.

    Dr. Ben Bernake and the Federal Reserve have cut short-term interest rates for the last two consecutive months by a total of .75% in an effort to prevent the U.S. economy from slipping into a looming recession. Since most consumers do not understand how short-term interest rates actually impact their ability to borrow money, these rate cuts often create a common misconception that a decrease in the Federal Funds Rate translates to an equal drop in mortgage interest rates when these cuts often cause the latter to rise. There are two primary interest rates controlled by the Federal Reserve that dictate the overall cost of borrowing money on a short-term basis: the Discount Rate and the Federal Funds Rate. The Discount Rate is the interest rate the...

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  • Buying Denver Real Estate - Take Action to Protect Your Private Credit Information!

    Posted by Damon L. Chavez on Saturday, November 3rd, 2007 at 5:02pm.

    Until recently the Denver real estate market was one of the few in the country that did not have licensing requirements for mortgage lenders. Although the Colorado Division of Real Estate has implemented a new Mortgage Broker registration procedure, unscrupulous lenders are still finding ways to exploit homebuyers looking to get financed on the purchase of a new home. Before talking to a mortgage professional about getting pre-qualified for your next loan, consider the following information and take the necessary steps to protect yourself: Your personal information is a hot commodity Requesting a credit check is a crucial step in the home buying process, one that all lenders will require before considering you for a mortgage loan. Unfortunately...

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  • Denver Real Estate Market – Recovery is Eminent for 2007

    Posted by Damon L. Chavez on Friday, September 28th, 2007 at 4:49pm.

    A report produced by Standard & Poor and Yale University economist Robert Schiller states the Denver Real Estate market is showing early signs of recovery. This is based on results from the study that illustrates how the Denver Real Estate market has seen a 1.3 percent appreciation in home values between May and June 2007 and 0.8 percent between June and July. According to the study, the Denver Real Estate home appreciations peaked in February of 2001 after a 15% year-over-year appreciation for the past decade. Whereas, several other markets around the country continued to see significant increases in home value appreciations. Since Denver’s rate of home value appreciation stabilized before several other markets around the country, S&P Vice...

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  • Denver CO Real Estate – Selling Your Home Faster During a Housing Slump.

    Posted by Damon L. Chavez on Monday, September 17th, 2007 at 8:19pm.

    Just the other day I was at a listing presentation with a prospective client discussing how to sell his home faster than the other active listings during the Denver Colorado real estate housing slump. He of course wanted to know about our marketing strategy, communication plan, and competitive listings in the area and what I suggest for a listing price. Most successful agents who practice selling real estate in Colorado full-time instead of part-time will deliver a comprehensive plan for marketing and communication, however, there are very few within the Denver real estate market that have the experience or skill set to analyze any market and determine the optimum price that will sell their client’s house in the shortest timeframe. Whe...

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  • Buying Real Estate in Denver CO during a Housing Slump

    Posted by Damon L. Chavez on Monday, September 17th, 2007 at 8:13pm.

    Just the other day my partner and I where showing a new client homes in the Highlands neighborhood in Denver CO. The Highlands neighborhood is a very desirable neighborhood in the Denver real estate market, due to the bungalow style homes, urban feel, local shops and restaurants and proximity to Downtown Denver. Unlike many real estate markets in Denver and throughout the country, the Highlands neighborhood is one of the magnet communities that have experienced double digit (13 percent) home appreciation over the last year. The problem with the high appreciation in a market like the Highlands neighborhood is that you get inexperienced agents that are unknowingly providing their buyers and sellers wrong advice. This wrong advice could lend itself...

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  • Disclaimer

    Posted by Damon L. Chavez on Friday, July 6th, 2007 at 10:01am.

    These Terms and Conditions of Use apply to you when you view, access or otherwise use the blog located at www.coloradohousefinders.com (the “blog"). The blog is owned by Colorado House Finders, LLC (“Colorado House Finders"). We grant you a nonexclusive, nontransferable, limited right to access, use and display the blog and the materials provided hereon, provided that you comply fully with these Terms and Conditions of Use. 1. Privacy. Your use of the blog constitutes your consent to Colorado House Finders’ privacy policy posted from time to time on the blog. 2. Copyright Notice. All materials and software published on or used on the blog are protected by copyright, and are owned or controlled by or licensed to Colorado House Finders...

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  • Denver Colorado Divorce – Real Estate and Quitclaim Deeds

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 4:04pm.

    My husband wants to quitclaim me off the Deed of our home in Denver, Colorado. What should I do? Most couples think that once a spouse has been quitclaimed off a property deed of trust in Colorado Divorce, they are no longer responsible for the mortgage payments. By giving a quitclaim deed to your spouse, you have given up title only in the property. I would strongly suggest that you either refinance your Colorado real estate immediately or sell the house and forgo the quitclaim deed. The quit-claim deed is often used as a simple way to give up all interest rights in real estate. By giving up title to the property in a Colorado Divorce, you are still responsible for any loan that is in your name. Typically, the spouse that keeps the real estate must...

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  • HUD Officer Next Door program in Denver, Colorado

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 4:04pm.

    How does the “Officer Next Door" program work in Denver, Colorado? You may have heard a number of different names associated with this program: Good Neighbor Next Door, Teacher Next Door or Officer Next door. The program was established for a number of different occupations: law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians. The goal of the program is to help reduce crime and promote learning within communities in Denver, Colorado and other areas in the country. HUD offers a large incentive to police officers by discounting single-family properties by 50%. Qualified individuals are required to live in the property for three-years. A check and balance system to verify occupancy has...

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  • One Stop Shop" Real Estate – Colorado

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 4:03pm.

    What is the future of the real estate industry? What new trends are taking place in the real estate industry? Many people are speculating on the changes taking place in the real estate market in Colorado and other areas around the country. The idea of “One Stop Shop" real estate services is gaining interest among real estate professionals in Colorado and other states in the country, however, many real estate professionals are unaware how to implement the business model. For as many real estate professionals that are unaware how to implement the “One Stop Shop" real estate business model, there are just as many who are unwilling to accept that this business model will be reality. For those people, I want to ask them if they have ever heard of the...

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  • How can I increase my property value in the CO Real Estate market?

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 3:59pm.

    Increasing your property value in the Colorado real estate market can be a daunting task. With property values stabilizing or declining in certain markets around Colorado, it is becoming more challenging for homeowners to recognize a return-on-investment with their home improvements. According to Remodeling Magazine’s 2006 “Cost vs. Value “ report, the cost for most remodeling projects in 2006 increased while the return on investment decreased. Apparently, a mid-range kitchen remodel with an average cost of $54,000 only returned 80.4% versus a 91% return on $43,862 in 2005. How can a homeowner increase their property value? From our experience consulting homeowners and investors, we strongly advise them to research the property improvements of other...

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  • Colorado Foreclosures - Regulate loan providers like Insurance Agents & Stockbrokers?

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 3:58pm.

    Colorado Foreclosures…How do we address the problem? Is eliminating mortgage fraud the answer? Colorado legislatures are considering imposing rules & regulations similar to insurance agents and stockbrokers. Maybe, simplifying the mortgage process, eliminating misleading mortgage ads and increasing requirements on homebuyer education. Some mortgage brokers working with Colorado legislatures think differently. They feel that the consumers should assume some level of accountability and assume some of the blame. The rising Colorado foreclosures according to Bill Kidwell, president-elect of the Colorado Association of Mortgage Brokers are a reflection of the higher rates of homeownership and the consumer’s desire for instant gratification. What is the...

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  • About

    Posted by Damon L. Chavez on Thursday, July 5th, 2007 at 3:47pm.

    Colorado House Finders is administered by Real Estate Consultants with over 25 years of experience. We welcome the opportunity to be your resource for answering questions or addressing concerns about the Colorado Real Estate market without being pressured by a salesperson...

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