What happened to the Denver Real Estate Market...Denver Realtor Explains

It is a good question, but as best I can tell 3 things:

Buyers are skittish to get into a bidding war, and interest rates got so low for a while, then rose about 1%; not a lot but any excuse not to do something is a good one for a nervous buyer.

Asking prices of homes got a little bit higher than the buyers liked too quickly and buyers have started to feel they were priced out of the market. A normal human response is they are not wanting to embarrass themselves by “low balling” an offer.

This year we have had a season of fires and floods here in Colorado. Some folks are distracted by that news much as I have been! But seriously, I closed a transaction this last week where a supplemental inspection for flood damage had to be done, in the Cherry Creek Area of Denver (no flooding there). It was required by the underwriter at the mortgage company because of the FEMA disaster declaration. In the past there were homes we could not get insurance on because of the fires in the state. This distraction will fade.

What is my upshot on this current market condition? Things have not really changed, and for sellers who want to wait it could be worth the wait. Buyers on the other hand may make their own situation worse by waiting further. They should take advantage of the sellers who have not sold in 30 days like folks did the beginning of this year and the historical interest rates. But everyone tells you it is a great time to buy a home. Finally; sellers need to be honest with themselves about prices, as ultimately that is what will sell a house.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Highlands Ranch Real Estate Broker reports Tree Recycling Offered to Highlands Ranch Residents

Tree Recycling Offered to Highlands Ranch Residents



With the arrival of fall, it’s time to prune your trees and shrubs. But before you place tree branches and other woody plants out for trash collection, consider recycling these materials at the Highlands Ranch Metro District’s recycling event Sunday, Oct. 9 from 9 a.m. to noon at the Shea Stadium parking lot, 3280 Redstone Park Circle.

Tree limbs less than 12 inches in diameter and woody plant materials will be accepted at the recycling event. The following items will not be accepted - finished lumber, non-woody material, grass clippings, sod and root balls. In addition to tree recycling, free mulch will be available to Highlands Ranch residents.

If you have questions about the proper way to prune your tree, visit the Metro District’s website at www.highlandsranch.org and go to the Parks & Open Space page. Metro District Forestry Technician Caleb Palmer demonstrates the proper way to prune your tree in a new video short featured on the website. If you have further questions it is recommended you contact a certified arborist.

The Metro District will also host a Christmas tree recycling event from late December through mid-January. For more information about tree recycling in Highlands Ranch, please call 303-791-2710.



Founded in 1981 as the local government in Highlands Ranch, Colo., the Metro District provides a variety of municipal services to this planned community of 93,000 people. Learn more about the Metro District at www.highlandsranch.org.


Pete Doty has been a Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Real Estate in Denver. Available homes?

Last month some say I gave you too much information (what????) about the Denver real estate market. Here is a short video of this month's chart showing only July new listings (periwinkle) and sales (cranberry). Major note: NEW LISTINGS are not coming on the market. Those are the properties that are new to the Denver real estate market and replacing the closed sales. There were only 3318 new listings and 2744 sales. Take a look:






I have watched this specific data every month for the last 12 years. The number one question I get is "How is the market?" Along with being an active listor and buyers agent in Denver, this lets me know the answer. And while a newby may be able to acess similar data, they will not have dealt with the emotions of the Denver home buyer and know what their decision process is like. When you want the best in real estate in Denver, give me a call or an e. I help nice folks find awesome places to live in Denver, Highlands Ranch, Littleton, Centennial, Englewood, Parker & Castle Rock Colorado



You to can stay on top of the market by subscribing to this blog or from http://www.denverrelocation.com/.I continue to be extremely optimistic about the Denver real estate market.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Help Pete Feed The Hungry, One House at a time!

A food bank can stretch a dollar a lot farther than we can.
So join me. Make a pledge for every home I close this year.
You do not have to match me dollar for dollar...pledge $1, $5 or $10 or????.
Every time I make a $100 donation Inter-Faith will contact you and let you know.
Then it is up to you.
I just want to help feed the hungry, and I would love your help.
Sign up today at www.DenverRelocation.com/JoinPete.html

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Residential, Industrial, Retail, Farm & Ranch?

This morning I was considering Doctors and how they have specialties, oncology, internal medicine, etc... I would not want an anesthesiologist prescribing what I need for my eyes?

I guess it is the same in Real Estate and yet different. The basics of buying and selling real property is the same. People have to want to buy and people want to sell. The seller needs to grant, convey, let, etc etc. to the buyer. However getting to the deed is really the issue.

With residential, we use allot of experts to determine the "condition" of the property. Home inspectors, radon testers, septic pumpers, well flow tests, electricians, sewer scopers, and more I am sure I have forgotten.

In Farm and Ranch it is similar, yet different too. Is there a farm "dump"? Are all abandonned wells properly plugged and the same approved by the state engineer? How about the boundry corners...are they well documented? How are the fence lines? And right of ways are all recorded or are they just verbal license agreements?

Industrial might conotate EPA studies.
Office Leasing have CAM expenses.
Retail have TI issues and utilities.

One of the reasons I do not "operate on" industrial, or business brokerage, or a number of other real estate specialties is because I, just like my GP, do not know all the specifics required by each set of circumstances. But I do know when you do need someone else to give you advice. And that is the point...whoever you deal with you need to have the faith that they will tell you when you need a better provider.

I can tell you I am pretty good at residential real estate as well as land and horse property sales. Real estate has so many facets, one needs to be confident in their abilities. Call me if you want a "consult" about your situation.

Pete Doty has been a Full Time Licensed real estate broker in Denver since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Buyers need to know

When considering buying a home in the Colorado Front Range area, especially in the metro Denver area, buyers really need to know the information I published at this page http://www.denverrelocation.com/11ThingsinHighlandsRanchRealEstate.html.
It is copyrighted and personal for your personal use only.
If you know of someone thinking of buying a home in Denver, send them this link. It could be very valuable to them.

As a reminder Pete Doty is a full time licensed Colorado real estate broker since 1985. He goes to work everyday for you & your friends, learning about your home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to him for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop him a note to pete@Denverrelocation.com

Memorial Day Weekend --- Just Remember

There are a lot of folks who went "over there" and never came back. This weekend is to remember them. And thank their families for their sacrifice. It never is too late, you know. And do not forget to thank all the veterans in your life. Personally,I was a lucky one as others went before I was called. They went so I did not have to. Thank you!

Now on to a myth...it is a busy weekend for home sales? TRUE or FALSE?
Well, for the past 24 Memorial Days, I do not recall writing a contract for anyone on this weekend. But I do know I have shown allot of properties, mostly on Saturday.Why? Well folks are planning weekend BBQs, family parties, and the kids can really tear the place up in 3 days.So what I know is while there will be a fair number of showings Saturday, there will be almost none on Monday, our day to remember.
Sunday, sometimes is quick paced but more often is a slow day. Whats the point?While I currently have Saturday available to show you homes, I might not be able to if you wait to call on Friday afternoon (which is already booked, BTW).So, if you are thinking this is the weekend to go out and look for a new home, let's talk about it early. And if you find something you want to buy, at an open house or just happen to be driving by, know the owner, whatever, I can represent you and be your buyer's agent. In other words, do not sign anything without calling me first.

And when you are talking to any of our veterans, say thank you for me too! I am A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

A Denver Realtors handy moving check list

A Denver Relocation, or one to anywhere in the US might be in your future? If it is, here is a handy moving checklist I created years ago to start you thinking about the process. http://www.denverrelocation.com/MovingChecklistLongDistance.html

We hope it helps you and if you could use the services of an experienced Denver Realtor - Pete Doty has been a full time licensed Colorado real estate broker since 1985.

"I go to work everyday for you & your friends, learning about our home town!"
It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in Denver Colorado.
For real estate advice, properties for sale, multiple listing service, go to:
www.DenverRelocation.com.
Drop him a note to pete@Denverrelocation.com

A Seller's Salability Check List

So I was thinking; this might help some of you sell your homes; here in metro Denver or anywhere. All the points do not need to be spot on, but the more the faster sale and the higher the price you should net.

Take a look at this:
http://www.denverrelocation.com/RealEstateSellersSalabilityChecklist.html
It is my pleasure to help you.

A Full Time Licensed real estate broker since 1985 (a quarter century!!!! YIPES) I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Why we love Highlands Ranch

Enough said!

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Denver HOME PRICES RISE!

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Price rise across Denver for the 4th month
For 4 months now the Denver single family home average price has risen in February almost 14% from a year ago! Condominiums gained an average of 20% in value. Charts and graphs tell the story...so here they are. Draw your own conclusions but remember the ever present words: "supply & demand".

Free Food and Expand YOUR Business
March 24 2010 at Marie Callender's Restaraunt in Littleton
You are INVITED MIXER March 24th
We would love to have you join us at our Leads Club Mixer Wednesday, 5-7 at Marie Callenders at Broadway & Dry Creek. Lisa Benson, President of Leads Club from Carlsbad will be our special guest. Free Food and a Cash Bar, plus you get to network and meet a group that has over 16 years experience at this kind of networking. Take a look at:
http://www.youtube.com/watch?v=5Y0D2oMN3QQ

Don't Hunker Down! Join US!

Pete Doty is A Full Time Licensed Colorado real estate broker since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

New Listings SLIDE in DENVER

Now it is a trend!

For the 2nd month in a row there has been a substantial drop in the number of new listings entering the Denver Real Estate market. Utilizing data from the past 6 years the average number of new single family listings entering the competitive Denver market dropped over 16% in April which followed a 20% drop in March. What this means to the public is the inventory will start to shrink as those properties on the market will sell. This is the first marker of a bottom!

Practical terms? If one were to buy a home today they would probably get the greatest CHOICE of properties and at the same time the BEST VALUE. We saw this happen in the late 1980s after the oil bubble busted in Denver ( it will bust) and the first indicator of a strengthening market was the reduction in homes coming on the market. Folks who did not need to sell, didn't. Folks who said "If I cannot get $X for my house, I won't sell" and the Realtors who would take those same listings could not stay in the business.

So, we are at the cusp! It is time to invest, move up, or actualize that dream of being in that bigger home. Take the step now.

The suburbs where we have not seen substantial decreases in values (each neighborhood has its own trends and real estate is VERY localized) such as Highlands Ranch, Lone Tree, Centennial, Englewood, Littleton, Parker and Castle Rock are prime right now. Their inventory will be the first to disappear and therefore we will start to see days on the market drop and prices increase.

If there is a move in the your future, you have good credit, and at least 3% down payment, now is the time. It takes a bold heart to move forward but this is a real market event that typically will signal a change in the market direction. This is not a time to think for too much longer. Get some good counsel, weigh the options, and get moving! relocating! heading towards your goal!

23 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Relocating to Denver? Know the words the "COUNSELOR" uses

When I first heard the term "Amended Value Transaction" I was stumped, but I knew it was not a good thing. So I started to search around and found the Employer's Relocation Council Glossary of Terms that I thought would be valuable to you, when faced with moving to Denver.

This is not an all inclusive glossary, but at least some of the more obscure terms are available for digestion, such as "closing cost assistance". And of course, we are here to serve your real estate needs in your Denver Relocation or if you are wanting to move from Castle Rock to Greenwood Village, or even Highlands Ranch. Go to the glossary.

Let my 22 years of experience work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Or drop me a note to pete@Denverrelocation.com

Denver real estate DATA! AN ANOMALY APPEARS!

BACK to Basics Real Estate
Yesterday I posted a note about something I had not done in quite a while. I wanted to see what was happening in my clients lives that bought homes in 2004...so I did some mini market evaluations on 15 homes. What I found really surprised me.

Most of the neighborhoods had more properties under contract or pending sale (30 day data) than they had recent sales (6 months of data). Say what? More houses had gone under contract in the last 30 days than had sold in the last 6 months! WOW!

Next, most neighborhoods had more properties under contract than ACTIVE listings, those that are currently for sale. That indicates the inventory is being absorbed. Another WOW!
Well those are great numbers, but not really quantitative. So yesterday I looked at the MLS data for March 2008 for NEW single family listings coming on the market compared with last year (5377 in 2008 versus 6426 in 2007) indicating that inventory is shrinking.

As a matter of fact looking back a few years in March of 2003 it was 6820, 2004: 6948; 2005: 6649; and in 2006: 6936. That really makes the 5377 in March 2008 look like an anomaly.

And lets take it another direction...what it is like out in the market, seeing homes for sale. They are not, as a whole ready. They need to be staged, or cleaned or painted, or priced to their current condition.

I am extremely excited about the Denver Real Estate market.

So, if this kind analysis could be valuable to you or your friends, put my years of experience to work for you! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Could Brittany Make a MISTAKE Selling Denver Real Estate?

Any one could.

Selling your home can be an exhausting experience. Last minute walk throughs, inconvenient calls, price adjustment and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing hundreds, even thousands, of dollars in profit.

The difference between a profitable smooth transaction and a break even, miserable experience is often a fine line. In the majority of cases it comes down to the subtle know how of your professional. By utilizing the knowledge of a qualified real estate professional, you’ll ensure the quick, profitable sale of your home. This report is designed to arm you with the knowledge to avoid 11 common mistakes that cost sellers serious money.

1. Refusing to Make Profit Inducing Repairs
It always costs you more money to sell ‘as is’ than to make repairs that will increase the value of your home. Even minor improvements will often yield as much as three to five times the repair cost at the time of sale. Your agent will be able to point out what repairs will significantly increase the value of your home. Seemingly small fix up jobs can have quite an impact.
Read more...



Insight like this is gained over 23 years being a full time Real Estate Broker. Could it be valuable to you or your friends? Put me to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Selling my house...What is the true value of my home?

There are 3 ways to estimate the value of your home. OH, you did not know it was an estimate?
To be truthful, all appraisals are estimates, just like that one you got on your mother's silver serving tray. They can do an appraisal for sale, for replacement, or for insurance. And a home is similar.

#1. Have any silver trays like this sold? There were some at the sale at xyz auction 6 months ago.

#2. What would it cost to replace this tray? It would take a craftsman today about x hours and x material to make a tray of similar quality and design.

#3. If I were to rent this tray from a caterer for a wedding, how much would it cost me per day?

The Silver Tray/Antiques appraiser has to consider these question but also has to know where to go to get the answers. A LOCAL Realtor can be just as much a neophite as an appraiser who did not attend the sale above. What matters is experience and market knowledge, not whether he has ever seen a tray just like this one or a house just like yours.

Understand similar questions are asked when an appraisal of a home is done. Now imagine you are getting a divorce and you want to stay in the house, how much do you want the person leaving to pay you for their share?

What if there are 4 children all from out of town and the estate needs to be liquidated, so taxes do not mount up? What would the value be then?

What if you are facing a foreclosure? Death of a spouse? Transfer? Each and everyone of these situations will affect the appraiser's opinion of value in different ways and they are hired with specific instructions to reflect the same.

Here are the common methods of valuation for real estate appraisals:

INCOME APPROACH: Value of the income generated by the property. Generally this applies only to commercial buildings and the debt service required to pay off the debt. Residential income properties may also be subjected to this kind of scrutiny and units of comparable size and rental history will be sought out to justify pricing and value. A gross Rent Multiplier and other factors are often used. Not a favored method by most residential appraisers.

REPLACEMENT COST APPROACH: Cost of replacement or as we say sticks and bricks. With today's production builders and the economies of scale they can achieve, this too can be very difficult for an appraiser or a real estate broker as today's costs would be greatly affected by access and materials no longer available. Most appraisers will use this as a last resort to establish a value.

COMPARABLE SALES APPROACH: The comparable sale approach is by far the easiest and most accurate of all of the valuation techniques. In essence if you can find the same model house in the same neighborhood that has sold in the last 6 months, that should be a good indication of the value of the subject home. Right away most folks will note that the other home had a less desirable finish in the basement, or no alarm system, etc, however the market value by the appraiser will adjust for all of these according to historical and empirical data.
While an appraiser will look at sales HISTORY the Realtor is charged with interpreting the current market trends. If it is a declining market, the client must be so advised. Appreciating values also must be interpreted.

So what is the REAL Value of anything? "What a willing buyer and a willing seller agree to" is the traditional definition of value. If I want to sell my $6000 silver tray for $3000 to an arms length Buyer it is now a $3000 tray. Likewise, a buyer in your neighborhood may only be willing to pay his opinion of "FAIR MARKET VALUE" and certainly the banks and mortgage companies in today's climate will agree. Our job is to interpret those sales and extrapolate the data so it reflects an accurate value of your home.

And remember, there are always 3 prices for every home:
What you want.
What you ask.
What you get.
Learn more at http://www.denverrelocation.com/SellFast.html

BTW: Did you know Realtors are charged with providing accurate evaluations that do not mis-lead the client according to the National Association of Realtors Code of Ethics?

Is this kind of insight and experience valuable to you or your friends? Then put my 23 years of experience to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

ARE YOU READY?

Today I found a great deal in Highlands Ranch. over 1900 square feet, 4 beds, 3 baths priced under 260k. And it is bank owned! So if you are ready to make a great deal, your loan is approved, you have some cash and are willing to invest about 15-20k, you should call me today!
I would be happy to represent you in the purchase of this property and get it in to "production" of cash flow.

So, if this kind of service could be valuable to you or your friends, put my 22 years of experience to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

REGIS... Real Estate Deal or NO Deal?

Every month I ask myself that question, and look at the Denver real estate market statistics. Yesterday I had a call from a friend in the wine country of northern California asking if you could really buy homes for 50% of value. We should know that answer: if value is what a willing buyer will pay and the last sale was at 50% of the previous one, when does it stop? ANSWER: Uh...NO!

Some local stats: in Highlands Ranch there were 521 active single family home listings yesterday as well as 121 condominiums and townhomes. Not bad for a community of 30,000 homes. We have seen times when the ratio has been much higher. No wonder we continue to appreciate in value in this market. That is where I would be buying! When the "big market" turns we will not have to make up allot of ground to get to the plus side!

Last month the Denver metro area had 2027 single family properties "close escrow" compared with 2035 in 2007. Not a huge trend but I would bet a statistician could make a case for it for the press!-)

Also last month there were 4878 single family homes listed for the first time in the Denver multiple listing system compared with the same month a year ago which had 4620 listings enter the Denver MLS. That hopefully will not be a trend with about 5% more homes for sale. And going back a few years, this is not a concern. Here are the February "new listing stats" back till

2003: 6615

2004: 5021

2005: 5916

2006: 5252

2007: 4620

2008: 4878

The Highlands Ranch Cattle Barn

So what do I see when acting as a Buyer's Agent for a Denver area Buyer? Well, it is often like this... The buyer wants 10-25% off. The Seller is hoping to see something within 10% of his current asking price as an offer and would probably sell at a 5% discount off the asking price.

The market, as a whole, is taking about 4% off INCLUDING incentives such as closing costs. My job representing my Denver Real Estate Buyer as a buyers agent is to do better than market. And the converse is true as a Seller's agent...get the highest price possible.

Reminds me of the days I played Jr Varsity football and was a defensive end and a tackle on offense. I played both ways on the field. Then it was just "get the ball" and run. Now, I can hear the way the other guy is thinking through his breathing. That is what a professional real estate agent does.





Could this kind of candor be valuable to you or your friends, put my 22+ years of experience to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Colorado REAL ESTATE Bubble has never popped!

USA today has published a map that shows Colorado to be ready for an economic expansion. Even the metro areas (with the exception of Colorado Springs) should be in a growth phase by the end of the year. Most folks think our Denver Real Estate market is in the tank, yet the story shows Denver ready to expand.

The story also places a fair amount of cause and effect on the over-inflated housing prices (can you say "real estate bubble"). Denver and the suburbs certainly never experienced a drastic run up in values that would create a precipitous drop. So your Highlands Ranch Home is probably worth about what you paid for it a few years ago, if not more.

The explanation for this mapping is held in this paragraph in the story
"That's mainly because a marked contraction in housing is leading the overall economy down this time. Housing had been instrumental in boosting many regions, particularly the Southwest, in recent years. "

Here is the link to the full story:
http://www.usatoday.com/money/economy/2008-03-04-local-differences_N.htm

When everyone is selling it is time to be buying. We schedule regular seminars on using your self directed IRA or 401k to buy rental properties. If you would like to know how

Since 1985 nice folks have been putting my years of experience to work for them, learning about their new home town! Whether it is Highlands Ranch real estate or Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at http://www.DenverRelocation.com.

Denver Home Search terms

I was thinking the other day...what search terms would YOU use?

We all think we know but would love to hear from you. After all, what does matter is what you would do. Now a question: If you were moving to another city and you went to Google, what would you type in to start your search for a home in your new city? What terms would you enter?

Would you Google???



denver relocation
denver house search
denver real estate
denver homes
homes for sale in denver
townhome in denver
denver colorado real estate
denver e-mail home search

Let us know. It will make your home search experience better.
And by the way, if you do need to find a home in Denver or its suburbs try looking at http://www.denverhomesource.com/.

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