How isthe Denver area rental market doing? Great!The vacancy rate isthe lowest it has ever been since they began tracking it in 2004. For those that follow this blog, youmay realize this is the third time I have written about this in the past year. I hate to sound like a broken record, but people need to realize just how significant this [...]
File this under the "There Ought To Be a Law" category. A client of mine closed on the sale of his property on Thursday. He took his proceeds in the form of acashier's checkfrom the title company to his bank on Friday. (I won't say which bank it was, but it rhymes with "base".) The bank told him that he would not have access to these funds
[...]What type of deductions can I get now that I own a Denver home?Since tax season is upon us, this question will come up more and more often in our office. And while we aren't tax professionals, can't give tax advice and will always recommend you speak with a CPA about tax matters, there are some pretty common tax deductions available when you [...]
I want to buy a home in Denver. Is getting an Adjustable Rate Mortgage (ARM)a good idea? ARMs certainly have a bad reputation right now, and in many ways, deservedly so. ARMs accounted for 70% of all mortgages issued during the boom and have been blamed by many for the bust. But now it appears that ARM's are making a comeback and Freddie Mac [...]
I have heard of home warranties, is it a good idea for my Denver home? I am surprised by how few home warranties that I actually see purchased in the Denver Real Estate market. For how affordable these plans are, and all that they cover, it seems like a no brainer to have a home warranty. But I don't have a home warranty on any of my [...]
What projects bring the highest return for Denver homes? Off the top of my head, I would have guessed kitchens, baths or additions. But according to 2010-11Remodeling Cost vs. Value Report, REALTORS recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one [...]
With Valentine's Day happening next week, Trulia asked 1,200 American couples - currently married or living together - to rank 11 home features based on what they though would best enhance their relationship.As a Denver-area Realtor who shows a lot of homes to a lot of couples, I found some of the results to be spot-on, while others to be [...]
What are HUD homes andare there a lot of HUD homes in Denver? A HUD home is a residential home acquired by HUD, the U.S. Department of Housing and Urban Development, as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. And since [...]
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