Thinking of Selling ... here are my Buyers needs

* Arapahoe school district, 4 beds, up to $275k
* Belmar Townhome, Lakewood
* Aravda up to $250,000 3 beds
* Centennial / DTC condo, up to $100k - I have 2 Buyers
* Centennial / Lone Tree, 4 beds, remodeled, up to $650k
* Piney Creek, up to $600k

These are my priority Buyers ... I have many more.  If you have a home in these areas, and curious to know the value, please CLICK HERE

Call early when selling your Denver home

Agents sometimes get calls that go something like this:

Caller: “Oh … I’m glad I caught you. I want to sell my house and need to have it on the market by this weekend.”

Agent: “Great. I’m so glad you want me to help you with your home sale. Are you aware that it is Thursday? Thursday afternoon?”

Caller: “Yeah. Sorry for the late notice. I meant to call you this morning.”

Okay. Maybe that’s a bit of an exaggeration. However, many sellers are not aware of the significant lead time needed to do a good job at getting a house on the market. Stress on the words “good job.” You absolutely CAN get a house on the market very quickly when that is what a seller wants, but you’ll achieve a much better result when there is time to plan and prepare.

Why? Well, it’s similar to what professional athletes experience. Most of their success on game day comes from how they’ve prepared for the game during the week. Likewise, most of our success at getting top dollar for your place and finding a good buyer comes from what we do before your property even goes on the market. Pricing, staging, photography, creation of marketing materials … all of these things affect the end result. And, it takes some time to do them well.

In addition, we need to give some thought to what you are doing when your house sells. Do you want to buy another place here in town? Are you relocating out of state? Moving to a monastery? Assuming that you want to acquire another property, we need to get you pre-qualified for a loan and figure out what the market is doing in the area where you want to be.

The bottom line: Call early. Even if your move is not going to be until later in the year, it is best for us to talk about your plans as early as possible. It will help us get you a better price for the place you are selling and to snag a better deal on the place you want to buy.

Buyer Needs in Denver Metro

I have Buyers looking in the following areas? Know anyone thinking of selling ?? Contact me and I will put the deal together.

*  Wash Park / DU – bungalow style upto $275,000

* Cherry Creek – up to $3,000,000

* Highlands Ranch Golf Course – ranch or main floor master – up to $700,000

* Distressed properties / short sales.  Any price, any area

* 1-2 bed condo around DTC.  Up to $100k

Buyer Needs in Denver Metro

Neighborhood Sales in Westridge Glen, Highlands Ranch

Westridge Glen, Highlands Ranch is a sub-division situated on the north west corner of Highlands Ranch Parkway and Lucent.

There is a mixture of single family homes ranging from patio homes through to the Sanford Homes which sit on the west of the sub-development. Homes for sale in Westridge Glen, Highlands Ranch start from the low $200′s and go through to the mid $600′s.  To see current homes for sale, CLICK HERE

Some of the home back to Marcy Park, facing west boasting amazing views of the mountains.

Westridge Glen, Highlands Ranch is in a perfect location for amenities. On the west side is Marcy Park which has large soccer / sports fields and playground. Further down the pathway is Rover’s Run Bark Park which has recently been extended and now features areas of shade.

Here are the neighborhood solds for Westridge Glen from Feb 2012 – Aug 2012.  Its a great time to sell your home in Highands Ranch.  The average days on market for this subdivision was 68 day.  6 out of the 22 sold under 12 days

Neighborhood Sales in Westridge Glen, Highlands Ranch

Denver Real Estate – June Stats 2012

Well the market is bouncing back.  Looking at residential sales in the Denver Metro Area :-

• Sales were up over 20% from this time last year
• The days on market have reduced by over 28%
• And the average price sold was up by 11%

The price of condos also rose by over 14%. 

Compliments of Land Title.  Based on Information from Metrolist, Inc. for the period Jan 2010 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy.  Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.

May 2012 Denver Real Estate Trends

May 2012 Denver Real Estate Trends
Here are the latest Trends in Metro Denver.  The number of properties closed up by 12% to 16% while supply is down by 37% to 52%. The number of properties under contract at the end of May are up about 24% from what they were at the end of May in 2011. The sale prices of properties closed in May of this year are about 10% to 12% higher than May of last year although the 12-month moving average is up only slightly.

Look at payments ... not the price

Since January, there has been a definite shift in the Denver Real Estate market.  Buyers, making the most of the low interest rates and increasing rents, are lining up to buy homes … which aren’t there??   Good priced homes in great condition are moving FAST!!  Because of this demand, Sellers are getting their homes sold at the price they want.  So the discounted pricing is not really there.

So as a Buyer, don’t be discouraged that prices are starting to level, or even increase.  The interest rates are still historically low.  But for how long?  Economists are predicting that the interest rate could start to increase.  This article HERE by Lawrence Yun, Chief Economist, gives reasons why this increase may happen.

If a house comes on the market which checks all your boxes, you could expect to be in a competitve situation, and offer asking price .. or even more?  However, by offering a bit more, and with interest rates being low, you should look at your monthly payments, rather than the price.  See the chart below  to see how this could work to your advantage

Based on this, if you decided that $1,900 a month was a comfortable payment for you, in today’s market, you could borrow $40k more with the interest rate around 4% than if that rates increases to 5%.

So you might feel you haven’t got the deal of the century in terms of the price you pay, but if it means you getting your dream home against the competition for the sake of increasing your offer, your monthly payment will be worth it against today’s current interest rate.

Source kcmblog.com, National Association of RealtorsLook at payments ... not the price