Real Estate & Relocation ^ Colorado

Denver Real Estate and Relocation

I have  moved!  Please visit me at:

Denver Real Estate and Relocation

Announcing Denver Real Estate Relocation...We are moving!

Everyone needs to move once in awhile. This blog is moving to a brand spanking new WordPress Blog over at Denver Dwellings. 

If all goes well your browser will be redirected to Denver Dwellings.  If you are in a big hurry, just click on the Denver Real Estate link and you will make the FASTEST relocation ever!

If you are one of my wonderful blogroll people, please change my links to Denver Dwellings I now reside at http://www.kristalsellsdenver.com/DenverDwellings !

See ya!

Tenants find themselves Homeless...

Modern day Carpet baggers are taking advantage of the public in a different way. Homeowners are renting their homes to tenants, collecting the rent and not paying the mortgage.

This practice is called “Equity Skimming.” While the homeowner, who many times pass themselves off as “investors” legally own the home, they fail in their obligation to keep the mortgage current.

Time is on the Equity Skimmers side, for only so long. Eventually the tenant will come home one day to find a “eviction notice” taped to the door. When that happens, the tenant has little choice but to move out. Seldom does the new owner (the bank) honor the lease. They want the property sold and quickly. That means you will be asked to move.

Eviction notices that are ignored are followed by the Sheriff arriving and physically having you and your possessions place at the curb. It’s not a pretty sight. continue ...

Cast Your Vote...

Election year is coming up, that's true.  I am asking for your vote, but not in a political mode.  My son is a finalist in the KYGO Casting Call.  He is one of five finalists to win some cash and a trip to the Country Music Awards.

All I ask is you go view the video (Richard Wimberly's) and if you like it, vote for him.

Here's the link to vote:

Rememeber when...

Remember once upon a time when life was simple?  You could dress up like Dracula, ride on a pony dressed like a witch and never get your face to stop smiling?

Yes, those were are the days my friends!  Noah <2.

Parker, Colorado residents celebrated the season at the annual Horse Halloween.  Kids, parents and ponies had a wonderful time.

Thanks for the memories.

Broom Crisis Hits Denver Metro

Recently I've become aware of a serious shortage in the Denver Metro area.  Yesterday I promised my out of state home seller I would clean up a mess left by the landscapers.  It was an easy 20 minute job of sweeping dirt off the sidewalk.  No problem! I enjoy making things look better than when I found them so off to Home Depot I went to buy a fresh new broom.

No luck.  I ventured to Lowes.  Still no luck.  I went to Target, zero score.  I drove to (yuck) Walmart, zilch.  King Soopers, Safeway still no brooms.  Not even at Whole Foods could I even find a earth-friendly handmade imported green sweeper!

What's up? I called my Realtor friends in Colorado Springs, Pueblo, Boulder and Loveland.  They reported the same problem.  My son who works in Broomfield must certainly be able to find me a broom, nope!  Zack said "Mom, it's hopeless!"

We are living in a Broomless state!

I wonder if the shortage of brooms has something to do with the rain forest people getting their way finally?  Could it be the bristles are in short supply? Where do bristles come from anyway? Pig whiskers? 

Oh well it doesn't matter why there is shortage.  What is important that we get the word out.  If you are relocating to Denver or moving to Colorado in fact, you better bring your own broom. 

Guess that means we are a BYOB state.

Go Rockies! We love you!

Denver restaurant review

A Denver food place is serving up a new dish.

Go Rockies!

Denver Real Estate Stats ~ September

September 2007

Metro Denver Prices:

 

Metro Denver Prices:

                                                                                                                                                       

Single Family Average Price: (Detached Dwelling)		Sep 2007	$305,459
		Aug 2007	$329,783
		Sep 2006	$308,903
Condo Average Price: (Attached Dwelling)		Sep 2007	$181,458
		Aug 2007	$182,741
		Sep 2006	$191,006
Combined Average Price:		Sep 2007	$278,615
		Aug 2007	$298,466
		Sep 2006	$283,131
Percent of Sales Price Change: from September 2006 to September 2007		Single Family:	-1.11%
		Condo:	-5.00%
		Combined	-1.60%
Total Combined Number of Homes for Sale:		Sep 2007	30,335
		Aug 2007	30,827
		Sep 2006	31,450
Percent of Change in Available Inventory: (September 2006 vs. September 2007)			-3.55%
Number of Combined Homes Sold this month		Sep 2007	3,737
vs. previous month		Aug 2007	5,010
vs. same month last year		Sep 2006	4,108
Average days on Market: (Combined Sales)		Sep 2007	101.08
		Aug 2007	94.13
		Sep 2006	101.78
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)		Sep 2007	35.18 weeks
		Aug 2007	26.66 weeks
		Sep 2006	33.18 weeks
Median Sold Price:Single Family		Sep 2007	$245,000
		Aug 2007	$257,500
		Sep 2006	$243,500
Condo		Sep 2007	$148,000
		Aug 2007	$152,500
		Sep 2006	$156,250

Denver real estate sales statistics ~ August 2007

The Berkshire Group keeps statistics on a monthly basis regarding home sales in the Denver Metropolitan area.  Looking at the past helps us forecast the future.  Here you can learn about Denver's average home sale price, average days on market, the current Denver absorption rate and the list to sale ratio.  If you would like information about years past, please visit the Denver Real Estate website.

August 2007

Metro Denver Prices:

 

Metro Denver Prices:

                                                                                                                                                       

Single Family Average Price: (Detached Dwelling)		Aug 2007	$329,783
		Jul 2007	$316,024
		Aug 2006	$320,092
Condo Average Price: (Attached Dwelling)		Aug 2007	$182,741
		Jul 2007	$192,885
		Aug 2006	$196,659
Combined Average Price:		Aug 2007	$298,466
		Jul 2007	$289,294
		Aug 2006	$292,973
Percent of Sales Price Change: from August 2006 to August 2007		Single Family:	3.03%
		Condo:	-7.08%
		Combined	1.87%
Total Combined Number of Homes for Sale:		Aug 2007	30,827
		Jul 2007	30,272
		Aug 2006	31,664
Percent of Change in Available Inventory: (August 2006 vs. August 2007)			-2.64%
Number of Combined Homes Sold this month		Aug 2007	5,010
vs. previous month		Jul 2007	4,980
vs. same month last year		Aug 2006	5,025
Average days on Market: (Combined Sales)		Aug 2007	94.13
		Jul 2007	94.78
		Aug 2006	98.37
Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales)		Aug 2007	26.66 weeks
		Jul 2007	26.34 weeks
		Aug 2006	27.31 weeks
Median Sold Price:Single Family		Aug 2007	$257,500
		Jul 2007	$255,000
		Aug 2006	$252,900
Condo		Aug 2007	$152,500
		Jul 2007	$158,000
		Aug 2006	$160,000

Foreclosure Investing for Dummies

First time home buyers, second time home buyers, investors whoever you are, our Denver real estate market in many sectors is prime for making a good deal.  Many savvy buyers/investors realize this and are making their purchases now.

Investing in Foreclosures is not for everyone. There are many aspects that need to be considered, researched and understood.  If you are thinking about purchasing a distressed property, there's a new book that might help you understand the process.  Written by Ralph Roberts it's called: Foreclosure Investing For Dummies.

The book is written in plain English and talks about the different foreclosure purchase strategies.

• Banking on Bankruptcies
• Knowing When to Purchase
• Negotiating Short Sales
• Knowing the Lien Holder pecking order
• Tracking down property tax sales
• Bidding for properties at a foreclosure sale

Working with foreclosures is not for the weak of heart.  Armed with knowledge of the process, a solid strategy and some investment capital, a wise investor can make a good living by specializing in this market.

The Dummy book is a valuable resource for those who wish to learn or merely brush up on their skills.  I highly recommend it!