Homes in Denver - Colorado's Real Estate Resource Blog http://coloradorealestateresource.org Helping people find homes and real estate in Denver, Colorado and surrounding areas Wed, 15 Apr 2009 15:12:58 +0000 http://wordpress.org/?v=2.1.2 en Denver-Colorado-Real-Estatehttp://feedburner.google.com Rental Homes See Increase In Vacancy for 4th Quarter http://coloradorealestateresource.org/04/15/rental-homes-see-increase-in-vacancy-for-4th-quarter/ http://coloradorealestateresource.org/04/15/rental-homes-see-increase-in-vacancy-for-4th-quarter/#comments Wed, 15 Apr 2009 15:09:55 +0000 John Denver real estate real estate investments rental properties property management http://coloradorealestateresource.org/04/15/rental-homes-see-increase-in-vacancy-for-4th-quarter/      Vacancy for rental housing units in the Denver metro area increased to 4.9% for the 4th quarter of 2008, according to a report conducted by the Colorado Division of Housing. Of the counties used for the measure, Boulder/Broomfield boasted the highest average rent ($1,453.82) and Douglas the lowest vacancy rate (3.7%), while Denver posted the lowest rental rate ($920.97) and Adams the highest vacancy (7.4%). The average monthly rental rate for the period also increased from the $998.37 average in the 3rd quarter of 2008 and $966.01 in the 4th quarter of 2007 to post $995.24 for the 4th quarter of 2008. Here’s a link to the complete article http://www.denverpost.com/ci_11953955.

     In our office, we are seeing these trends play out in real life. It is taking a longer time to rent out our vacant houses and in some cases up to 60 days. We’ve actually lowered rent in some cases. A single family rental home that I personally own (more…)

]]> http://coloradorealestateresource.org/04/15/rental-homes-see-increase-in-vacancy-for-4th-quarter/feed/ Denver Housing Market Sees Positive Signs http://coloradorealestateresource.org/04/14/denver-housing-market-sees-positive-signs/ http://coloradorealestateresource.org/04/14/denver-housing-market-sees-positive-signs/#comments Tue, 14 Apr 2009 21:57:35 +0000 John http://coloradorealestateresource.org/04/14/denver-housing-market-sees-positive-signs/ The Denver residential market is outperforming many other markets in the nation in terms of home price appreciation, according to S&P/Case-Shiller. In their most recent comparison of home-price appreciation among 20 metropolitan statistical areas in the country, Denver posted the 2nd lowest decline for the 12-month period ending in January 2009 (5.1%) and posted the 7th smallest decline of all markets surveyed for the period of December-January 2009 (2.7%). Dallas had the lowest nationwide decline at 4.9%. Nationwide, the appreciation rate among the 20 cities in the survey was found to have declined 19.0% from January 2008 and was led (more…)

]]> http://coloradorealestateresource.org/04/14/denver-housing-market-sees-positive-signs/feed/ Real Estate Market Stabilizing in Denver http://coloradorealestateresource.org/03/13/real-estate-market-stabilizing-in-denver/ http://coloradorealestateresource.org/03/13/real-estate-market-stabilizing-in-denver/#comments Fri, 13 Mar 2009 16:22:36 +0000 John http://coloradorealestateresource.org/03/13/real-estate-market-stabilizing-in-denver/      In a recent Denver Post article Margaret Jackson reported that improvement was seen in the residential real estate market in Denver in February from the previous month, according to a report by Gary Bauer. The report found that total sales in the period increased 9.2% to 4,183, and increases of 5.8% to $192,000 and 4.0% to $117,725 were seen in the median sale price of single-family homes and condos. However, while this is an improvement, these measures are still behind year-ago measures by 18.4%, 13.3% and nearly 11.0%.  You can view the complete article at http://www.denverpost.com/ci_11856656.
                         
     The article goes on to report that Denver home prices have moved closer to stabilzation.  It also reports that 53% of the homes that sold were under $200,000.  Which matches what we are seeing (more…)

]]> http://coloradorealestateresource.org/03/13/real-estate-market-stabilizing-in-denver/feed/ Investment Strategies in Today’s Real Estate Market http://coloradorealestateresource.org/03/10/investment-strategies-in-todays-real-estate-market/ http://coloradorealestateresource.org/03/10/investment-strategies-in-todays-real-estate-market/#comments Tue, 10 Mar 2009 22:06:50 +0000 Peter http://coloradorealestateresource.org/03/10/investment-strategies-in-todays-real-estate-market/ BUY AND HOLD OR FIX N’ FLIP?
                                    
In the past couple of years we’ve seen tremendous opportunities here in the Denver Colorado foreclosure market.  Investors are buying Denver REO Homes at incredible prices each week.  Investors are buying properties to fix and flip and many investors are buying REO properties to hold for long term rentals.  There are certainly advantages and disadvantes to both strategies.  And while neither strategy is right or wrong, it’s important to figure out what the best strategy is for you.
           
What is the best investment strategy in today’s Real Estate market?  Each market is unique of course but here in the Denver, Colorado area I believe we are seeing opportunities for both.  Consider these two examples of deals that we have put together (more…)

]]> http://coloradorealestateresource.org/03/10/investment-strategies-in-todays-real-estate-market/feed/ What to Ask for on a Tenant Application http://coloradorealestateresource.org/03/09/what-to-ask-for-on-a-tenant-application/ http://coloradorealestateresource.org/03/09/what-to-ask-for-on-a-tenant-application/#comments Mon, 09 Mar 2009 19:39:23 +0000 Lauren Denver real estate real estate investments rental properties property management http://coloradorealestateresource.org/03/09/what-to-ask-for-on-a-tenant-application/      Finding and putting the right tenant in a property is one of the most important things that you can do as a property manager or landlord.  It’s important to screen tenants to make sure they are a good fit for the property.  Financially, the tenant can make or break your property as an investment.  To make sure they are going to take care of the property, pay the rent on time and not be a problem tenant.  There is nothing worse in this business than to go to the trouble and expense of fixing up a property to get it ready for rent, run the ads, take the calls, run back and forth to meet perspective tenants, get someone approved and then a month later figure out that this is the “tenant from hell.”  We always say around here at Dunn and Company that it’s cheaper (more…)

]]> http://coloradorealestateresource.org/03/09/what-to-ask-for-on-a-tenant-application/feed/ Colorado Carbon Monoxide Legislation http://coloradorealestateresource.org/03/03/colorado-carbon-monoxide-legislation/ http://coloradorealestateresource.org/03/03/colorado-carbon-monoxide-legislation/#comments Tue, 03 Mar 2009 21:55:41 +0000 Colorado Real Estate Resource denver real estate market carbon monoxide detectors aurora developement investments http://coloradorealestateresource.org/03/03/colorado-carbon-monoxide-legislation/ A bill was proposed in the 2009 Legislative Session regarding carbon monoxide detectors in rental units due to the many recent deaths in Colorado due to high levels of carbon monoxide in the homes and apartments. 

This year’s bill requires any existing single-family dwelling or dwelling unit of an existing multi-family dwelling offered for sale or transfer of lease on or after July 1, 2009, that has a fuel-burning heater or appliance, a fireplace, or an attached garage to have an operational carbon monoxide alarm installed within a specified distance (10 feet) of each room lawfully used for sleeping purposes.  (more…)

]]> http://coloradorealestateresource.org/03/03/colorado-carbon-monoxide-legislation/feed/ Deal of the Week for 12/18/08 http://coloradorealestateresource.org/01/08/deal-of-the-week-for-121808/ http://coloradorealestateresource.org/01/08/deal-of-the-week-for-121808/#comments Thu, 08 Jan 2009 22:05:07 +0000 Monte http://coloradorealestateresource.org/01/08/deal-of-the-week-for-121808/ ]]> Check out these two investment properties east of Denver in northern Aurora.  These houses are located close to the new Fitzsimmons Medical Center with easy access to downtown and I-70.  Give either of these houses some remodeling work and they would make great rental investment properties. 

]]> http://coloradorealestateresource.org/01/08/deal-of-the-week-for-121808/feed/ HOW TO SELL YOUR HOME QUICKLY http://coloradorealestateresource.org/07/17/how-to-sell-your-home-quickly/ http://coloradorealestateresource.org/07/17/how-to-sell-your-home-quickly/#comments Tue, 17 Jul 2007 12:51:02 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/07/17/how-to-sell-your-home-quickly/ If you’re considering selling your home in Denver, recent statistics might have made you slightly hesitant. As consumer confidence wanes and higher numbers of homes stay on the market longer, it can look a bit daunting for homeowners wanting to sell their current homes. In fact, markets all across the country are experiencing long marketing periods and difficulties moving inventory. Some agents have even started offering unique perks along with the sale of the homes their advertising, from free gas to vacations and even cars in the hopes of luring potential buyers. (more…)

]]> http://coloradorealestateresource.org/07/17/how-to-sell-your-home-quickly/feed/ FLIP LIKE A PRO http://coloradorealestateresource.org/07/12/flip-like-a-pro/ http://coloradorealestateresource.org/07/12/flip-like-a-pro/#comments Thu, 12 Jul 2007 11:37:42 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/07/12/flip-like-a-pro/ While Denver residential real estate investors haven’t engaged in flipping properties as much as investors in other areas, it still can be a viable way to make money. In fact, the city is buzzing about the success of several brokers who saw an opportunity and seized it in the Glass House development near Denver’s Commons Park. (more…)

]]> http://coloradorealestateresource.org/07/12/flip-like-a-pro/feed/ SECOND HOMES COULD BE A GREAT BUY IN DENVER http://coloradorealestateresource.org/07/07/second-homes-could-be-a-great-buy-in-denver/ http://coloradorealestateresource.org/07/07/second-homes-could-be-a-great-buy-in-denver/#comments Sat, 07 Jul 2007 13:45:04 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/07/07/second-homes-could-be-a-great-buy-in-denver/ With sales prices dropping, and the buyer’s market in Denver extending indefinitely, now could be a great time to consider purchasing a second home in the Denver area. Whether you’re interested in purchasing a getaway for yourself, or a home to rent to vacationers, there’s no time like now to investigate the possibility of securing an additional property. (more…)

]]> http://coloradorealestateresource.org/07/07/second-homes-could-be-a-great-buy-in-denver/feed/ BROOMFIELD UNAFFECTED BY UPS AND DOWNS OF THE MARKET http://coloradorealestateresource.org/07/05/broomfield-unaffected-by-ups-and-downs-of-the-market/ http://coloradorealestateresource.org/07/05/broomfield-unaffected-by-ups-and-downs-of-the-market/#comments Thu, 05 Jul 2007 12:43:14 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/07/05/broomfield-unaffected-by-ups-and-downs-of-the-market/ Denver real estate professionals are working to bounce back from setbacks in the first quarter. The number of new and previously owned homes sold in the Denver area fell by 10.6 percent in the first quarter, compared with 2006 figures. Additionally, the median price of all homes dropped 1.3 percent to $235,000 from $238,000 in the first quarter of 2006. And no one’s quite sure what’s going to happen in the upcoming months. (more…)

]]> http://coloradorealestateresource.org/07/05/broomfield-unaffected-by-ups-and-downs-of-the-market/feed/ WHAT’S NEW IN DENVER Builders forge ahead with new construction despite shaky market http://coloradorealestateresource.org/07/03/what%e2%80%99s-new-in-denver-builders-forge-ahead-with-new-construction-despite-shaky-market/ http://coloradorealestateresource.org/07/03/what%e2%80%99s-new-in-denver-builders-forge-ahead-with-new-construction-despite-shaky-market/#comments Tue, 03 Jul 2007 13:59:36 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/07/03/what%e2%80%99s-new-in-denver-builders-forge-ahead-with-new-construction-despite-shaky-market/ Navigating the recent rough waters of the real estate market has proved to be a challenge for everyone in the industry. While economists expect the market to turnaround, forecasts aren’t always enough to assuage fears and concerns. One of the groups that has become the most discouraged is the nation’s home builders. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence has reached the lowest point since February 1991. (more…)

]]> http://coloradorealestateresource.org/07/03/what%e2%80%99s-new-in-denver-builders-forge-ahead-with-new-construction-despite-shaky-market/feed/ GO “GREEN” AND SAVE! http://coloradorealestateresource.org/06/29/go-%e2%80%9cgreen%e2%80%9d-and-save/ http://coloradorealestateresource.org/06/29/go-%e2%80%9cgreen%e2%80%9d-and-save/#comments Fri, 29 Jun 2007 11:32:49 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/06/29/go-%e2%80%9cgreen%e2%80%9d-and-save/ Across the nation, more and more cities are going “green” by constructing eco-friendly developments that are conducive to a variety of lifestyles while implementing measures that benefit the environment. This month Denver proved to be one of the leaders in this trend when the U.S. Environmental Protection Agency awarded Denver-based developer Forest City Enterprises with the Environmental Achievement Award for vision, superior leadership and skill in redeveloping the former Stapleton International Airport site in Denver into an environmentally friendly, mixed-use development. (more…)

]]> http://coloradorealestateresource.org/06/29/go-%e2%80%9cgreen%e2%80%9d-and-save/feed/ VACANCY RATES TO HURT DENVER RESIDENTIAL REAL ESTATE INVESTORS? http://coloradorealestateresource.org/06/29/vacancy-rates-to-hurt-denver-residential-real-estate-investors/ http://coloradorealestateresource.org/06/29/vacancy-rates-to-hurt-denver-residential-real-estate-investors/#comments Fri, 29 Jun 2007 11:28:46 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/06/29/vacancy-rates-to-hurt-denver-residential-real-estate-investors/ According to the Metro Denver Economic Development Corporation, the vacancy rate for rental condos, single-family homes and other small properties in metro Denver fell to a five-year low in the first quarter. Bad news for investors?

(more…)

]]> http://coloradorealestateresource.org/06/29/vacancy-rates-to-hurt-denver-residential-real-estate-investors/feed/ TIRED OF PAYING PMI? http://coloradorealestateresource.org/06/26/tired-of-paying-pmi/ http://coloradorealestateresource.org/06/26/tired-of-paying-pmi/#comments Tue, 26 Jun 2007 11:58:01 +0000 Colorado Real Estate Resource http://coloradorealestateresource.org/06/26/tired-of-paying-pmi/ If you purchased your home with less than 20% down, more than likely you were stuck paying private mortgage insurance, more commonly referred to as PMI. The good news is that when you’ve paid down your mortgage to 80% of the value of your home, you can appeal to your lender to have PMI removed and stop paying those pesky fees that drive your monthly mortgage payment up. But the bad news is that many homeowners in the nation might be stuck with the burden of PMI for much longer than they had anticipated. (more…)

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