Tuesday, October 13, 2015

RADON – BIG DEAL OR NO BIG DEAL?

Smoke Skeleton
Radon. It’s colorless, odorless, deadly … and easily addressed.
What Is Radon? It’s a naturally occurring gas. It’s given off by the decay of trace amounts of radioactive materials in almost all soils. You can’t see it, taste it or smell it.
Is Radon a Health Hazard? Yes and no. In outdoor spaces, the gas dissipates just as fast as it is produced and has almost no impact on us as we wander around the great outdoors of Colorful Colorado.
Indoors, the issue is different. As the gas builds up under the foundation of your house, it finds its way in through crawl spaces, sump pump pits and through joints and cracks in basement slabs and sub-floors. Your furnace and central AC (if you have one) tend to cause the build up to be worse as they actually create a bit of suction that draws radon out of the soil into the lowest level of your residence.
Radon can accumulate to the point that it poses an increased risk for lung cancer. It is the second leading cause of lung cancer behind smoking.
How Much Is Too Much Radon? The Environmental Protection Agency has set limits for radon in dwellings and the limit is expressed in “picocuries per liter.”
What is a picocurie?
We have no idea. But those folks at the EPA think that you should have less than four of them in every liter of volume in your house. At 10 picocuries per liter, your risk of developing lung cancer over your lifetime is about the same as a person smoking a pack of cigarettes a day.
How Is Radon Detected? You can easily test for radon. Do-It-Yourself testing kits can be obtained at Home Depot or Lowes for $10 to $30. You let the tester sit for at least 48 hours and send it in to a lab that will report back to you on the radon levels in your place. This works great if you are testing a home you already own.
If you are buying a property, you’ll want a more sophisticated testing method that assures no tampering. The DIY test kits can be fooled but home inspectors use a machine that has hidden, tamper-proof mechanisms to make sure the seller is not fudging the results. Those tests run $125 to $150. A bit of good news with the testing machines is that they give results on the spot as soon as the 48-hour test period is over.
How Do You Get Rid Of Radon? Radon is easy to mitigate and the mitigation methods are not expensive. Costs can run from $200 up to $1500, with $800 to $1000 being an average cost. The systems themselves are simple and reliable and require almost no maintenance. Depending on market conditions, you might be able to get the seller to pay the costs of mitigation when you are buying a home. It’s tougher to do so in our current seller’s market.
What Action Should You Take? Check out the “Home Buyer’s and Seller’s Guide to Radon.” It has a wealth of additional information from the EPA.
And, if you’ve never tested your house, consider getting a DIY test kit from your local big box home supplier and test your house following the instructions that come with the test kit.

Compliments : Mike Cooke, Colorado Home Realty

Tuesday, April 21, 2015

Up, Up and Away .....

The 1967 song entitled Up, Up and Away is a good summary of the Denver real estate market. 
The fact that the singing group, The 5th Dimension recorded it makes it even more appropriate. Denver real estate has definitely entered another dimension. It is a new and uncharted realm.
Prices? Yep - they're up. Average sale price in March was $355,462 and that is a 14.79% increase from the average sale price in March of last year. As we always say, the 12-month moving average is a better measure of true price appreciation and it indicates an 8.38% rise in prices over the last year.

Closed Transactions? Yeah - there are more of them. We had 4,522 deals close in March versus 4,077 closed in March of 2014. That is an increase of almost 11%.
Inventory? Even it is up a bit from the previous month. There were 5,288 properties on the market at the end of March, which is a tad higher than the 4,910 that were on the market at the end of February.
What does it all mean? Prices are moving up nicely. Plus, lots of buyers are being successful at finding the place they want despite the relatively low inventory.
Click on the links below for more details on market trends for both:
Want a report like this for your little corner of Denver?Give me a call and we can send you a report with detailed stats on the market in your zip code. 

Julie Reddington
720 226 4168


(c) Mike Cooke, Colorado Home Realty

Monday, April 20, 2015

How to successfully get moved in the current Denver Real Estate Market

Lots in the press at the moment about the current market here in Denver.  Don't let what you hear put you off.  I have all the tricks to get you moved successfully!

Julie Reddington - 720 226 4168

Friday, April 17, 2015

STUNNING HOME IN WEATHERSTONE, HIGHLANDS RANCH

CALL ME FOR A PRIVATE TOUR OF THIS HOME - 720 226 4168

Stunning semi custom home in absolutely immaculate condition in the sub-division of Weatherstone. 

The interior has been tastefully decorated throughout - you can just move straight in! The home has had many upgrades including Wainscoting in formal living room and dining room, skipped trowel throughout the home, antique lighting, hardwood floors, and built in cherry cabinets. 

Fabulous gourmet kitchen with granite and stainless steel appliances. 

4 upstairs bedrooms plus loft. The master has a fireplace and his and her closets. All closets have either antique or canned recess lighting. 

Finished walk out basement offering family/games room, kitchenette with refrigerator, dishwasher and microwave, bedroom (with its own heat source), bathroom plus fitness room. 

The yard has a firepit, children's playset, trampoline and basketball hoop.

Thursday, March 12, 2015

THE DENVER POST NEEDS A BIT OF CHEERING UP OVER LOW INVENTORY

The Denver Post had an article recently about the low inventory in the metro Denver real estate market: "Metro Denver Struggles with a Record Low Supply of Homes for Sale", dated February 13, 2015.

They are feeling a bit "gloomy" about the whole matter.

If you are a regular reader of the CHR Buzz, the news of low inventory comes as no surprise to you.

The Denver Post was accurate about the historically low inventory. However, they failed to comment on the cause. The cause is not a DECREASE IN SUPPLY. In fact, about 3% more properties have changed hands in the first 45 days of this year versus the same period last year.

The cause of the low inventory is a significant INCREASE IN DEMAND, which causes the slightly increased supply to get sucked up as soon as it comes on the market.

There is good news in these supply & demand patterns!

The increased demand is a sign of a healthy economy. In addition, agents are finding ways for buyers to be successful in spite of the low inventory challenge as evidenced by more sales actually occurring so far this year.

We don't want you to be depressed!

Courtesy of Mike Cooke, Colorado Home Realty (c)


Tuesday, December 30, 2014

Wrap Up And Welcome 2015!

Its certainly going to be a chilly one, but a trip to Denver this New Year's Eve will not leave you cold! From the zoo, to parties and balls, to spectacular fireworks, Denver covers every member of the family.

http://www.denver.org/things-to-do/denver-holiday-events/denver-new-years-eve/

I wish you a fun and safe New Year's Eve and a very Happy New Year!


Saturday, December 27, 2014

The Myth Of The Winter Slump

Here is a piece of conventional wisdom about real estate: It is slow in the winter. The holidays are busy. People are preoccupied with other things. No one is thinking about real estate.
Not so fast.
The stats tell a different story. If we look at the winter months of late December thru late March, it is not uncommon for 20% of the yearly sales to occur during this season versus the spring, summer and fall periods.
The supposed winter lull in real estate activity turns out to be more myth than reality. The truth is that each season of the year offers both opportunities and challenges. There is no perfect time to buy or sell and there is no time that is horrible either.
All of this is good news if you need to sell or buy a home in the next three months. You can be successful at wrapping up a winter real estate deal.
Let’s think about the situation for buyers first. While there are a lot of closings that happen during the winter selling season, it is true that there are fewer properties on the market during this time frame. It makes finding the place you want a little more problematic.
What can be different and favorable for buyers is that winter sellers tend to be serious and motivated. We don’t have a lot of discretionary sellers during the winter. Some sellers who have been overpriced make price adjustments and get very serious about consummating a sale. All things being equal, you can negotiate more aggressively.
The situation for sellers is not all that dissimilar. There are fewer buyers floating around but also fewer sellers with whom you must compete. In addition, the buyers that are active at this time of year are often people with deadlines. Something is driving them to take time during a busy season of the year to get out there and find a home. It is a good time of year for sellers to reevaluate just a bit and make a small price adjustment that will attract the attention of the serious buyers.
Myths die hard. The winter IS as good a time for doing real estate as any other time of year.
 
(c) Colorado Home Realty