Tag Archives: real estate

Talk about taste specific!

Although this is a very cute house and quite a novelty, it is a prime example of going a bit far in the realm of “taste specific” choices.  I am sure that there would be a niche market for a house like this. After all, there are a lot of Lord of the Rings fans out there ( I liked the movies too, and own them all).  But how many fans would actually want to live in a hobbit house on a full-time basis?  I am guessing that not many of even the staunchest Lord of the Rings fans would be willing to go that far.  Maybe as a vacation home-like a fun little cabin in the woods.

As cute as it is though,  I would like to use this little house as a slightly exaggerated example of a pretty common problem- personalization.  The longer we live in even a “normal” style home, the more personalized the tends to become.  In most cases, when you are selling your home, your goal should not be to find a buyer that “wouldn’t change a thing” and that has your same taste and hobbies.  To have a much easier time of selling, you want to appeal to as many potential buyers as possible.  The more people that want to buy your house, the better your chances of getting multiple offers, getting offers sooner, and getting full price or maybe even more than the asking price.  Isn’t that what the real goal when selling your house?

Sellers who “take their taste out of a house” help buyers more easily see themselves in the house, instead of being distracted by things like the seller’s family photos, a chartreuse dining room wall, and things like religious artifacts everywhere, a huge PEZ dispenser collection, and/or Lord of the Rings swords above the fireplace.  (Is the buyer going to be looking at the great fireplace feature of the home- or the cool sword that is probably not even included as part of the sale).

In the case of the Hobbit house in this post, the sword is probably okay!  After all, they are trying to appeal to a very tiny niche of buyers.  But chances are, most of us don’t live in a house that is this unusual.   So the rest of us are going to have better results if we stick to the tried an true rules of selling.  Paint the house in more universally appealing color schemes and present a clean and de-cluttered home that does not have any unfinished projects or repairs needed.  That is the formula for making buyers want to make it their home.

I hope you enjoy this little peek at the Hobbit house- I certainly did.   I think it would be “a nice place to visit”- but like so many buyers that see overly-personalized homes… “I just wouldn’t want to live there”.

If you are looking to buy or sell a home, I would be happy to help!  Feel free to contact me using the form below!

 

You are Invited!

The beautiful house, with incredible views, is having an open house Sunday, May 22 from 11:00 am to 2:00 pm!  You are invited to come and take a look in person (slide show below)!  I hope to see you there!

2662 W 118th Ave, Westminster CO  80234

house straight on, hi def

2662 W 118th Ave, Westminster CO 80234         Click Here for more Info and Photos!

New Listing- 14366 Blue Vista Way

4 Bedroom,  2.5 Baths,  2,320 Above grade sqft, 941 unfinished basement sqft

Status: ACTIVE

Asking Price:  $460,000

This 2-story home is on a cul-de-sac lot. The home has hickory wood floors, and a well designed kitchen with 42″ hickory cabinetry, a pantry, a kitchen island and stainless steel appliances included. The kitchen is open to an eat-in area and the family room w/gas fireplace, 2-story vaulted ceiling, pre-wired surround sound!  All bedrooms are on the same floor!   Formal dining room, study and main floor laundry. Sprinklers front and back. Back yard is flat and fully fenced and pre-wired for speakers. New furnace in 2014. Garage is oversized 2.5 car.

Click below for photo slide show:

For more information Contact Joan Bagwell: joan@joanbagwell.com or fill out the contact form below.

Automate your Denver Home Search!

Most people are unaware that sellers determine how their homes are advertised when they are listed for sale.  Sellers determine whether the home is to be listed only in their Broker’s MLS or whether it is to be syndicated, or shared with multiple publicly accessible websites.   Therefore, because not all listings in the MLS are shared with the publicly accessible sites, your search results on these sites may not include all homes currently on the market.

If you would like to receive information on all listings in the Denver Metro/Boulder and Northern Colorado Broker’s MLS, I can set up an automated search for you, based on your specific criteria.  The search runs daily and you will be notified via email when a property comes on the market that matches your criteria.  You will also be notified of price drops and changes in status, such as when a property goes under contract or comes back on the market if it has previously been under contract.

You will be able to access all available photos, tours, and detailed information on a free personal website I will set up for you.  On your free personal website, you will also be able to rate each property according to your interest level.  You will continue to have access to the properties in your search results history for as long as the properties remain on the market.  This website can also be used by homeowners who want to keep track of the sales activity in their own neighborhoods.

If you are thinking of buying a home, the automated notification system, definitely gives you an edge over other buyers looking for properties. It allows you to see each new listing as soon as it becomes available, without having to make the time to do the search yourself.  It’s faster, and much more convenient.  Having the free personal website helps you organize your search results, and makes it easier to go back and have another look at the properties that you liked, without having to run another manual internet search and sift through pages and pages of properties that you have already ruled out.

If you would like to receive the automated notifications of new listings, along with your free search results website, please fill out and submit the contact form below.  Or, if you prefer to use the manual search method on one of the public sites, please don’t hesitate to contact me with any questions about any of the properties that you find in your search!

 

3 Offers in 2 days!

Status: Under Contract, Taking Backups!
PRICE: $244,900
MLS: #2849347, #737063

3 BEDROOM, 3 BATHROOMS, 2-CAR OVERSIZED GARAGE, 2132 SFT

Beautiful tri-level home with a great floor plan! Large covered deck overlooking the fenced backyard with mature landscape, dog kennel and sprinkler system for plenty of green grass! Stay comfortable with AC and Evaporative cooling in the warm summer days to come! Neutral colors inside with newly refinished hardwood floors, new kitchen counters, fresh paint throughout, and new carpet on lower level. Kitchen appliances included! Low maintenance metal siding, newer water heater and windows. Clean and Move-in ready! Short Walk to Schools, Croke Reservoir, Northwest Open Space, RTD, and nearby Shopping! Just a quick hop to I-25 for a fast commute to Downtown Denver! Quick Possession possible!

Click Below for Photo Slide Show:

 

 
Please call (720-201-3049) or email with any questions about this home or about the current real estate market!

Home Buying After Foreclosure or Bankruptcy- How Long Until I Am Eligible?

Only a few short years ago, the Denver Market was flooded with short sales and foreclosure properties for sale. The bankruptcy rate in Colorado was still fairly high then. Many people lost their homes during that time and have been renting since then. With the current tight rental market and rising rental rates, they may now be wondering, “How long until I can buy again”?

The answer is “it depends…”. Bankruptcy, Foreclosure, Short Sales and Deeds-in-Lieu are all called, “derogatory credit events” in the lending world. The waiting period before you are eligible for a new home loan will vary depending on: which type of “event” you had, the circumstances that lead to it, and the type of loan you want to get for your next house (VA, FHA or Conventional).

The lending world breaks down these events types even further: Foreclosure, Deed-in-Lieu, Short Sale, Multiple Bankruptcies, Chapter 7 Bankruptcies, and Chapter 13 Bankruptcies.

VA seems to be the most forgiving of these derogatory credit events. With VA financing, the buyer is eligible for a new loan only one year after a Chapter 13 bankruptcy. The wait period for the other types of events is only two years.

For FHA, the wait period for Chapter 13 bankruptcies is also after one year of on-time payments and approval from the bankruptcy court. It is 2 years for a person having a Chapter 7 or multiple bankruptcies, and 3 years for a Foreclosure, Deed-in-Lieu, or Short Sale.

Conventional Loans tend to be less forgiving. Wait periods range from 2-7 years depending on the type of event. After the wait period is up, the buyer may also be required to come with a higher down payment amount for their new loan.

The following chart, provided by the Wynn Team with Citywide Loans, provides a “short and sweet” visual summary of the waiting periods required for each circumstance and loan type.  Here is the link to the chart:

Derog Waitng Period for mortgages

Buyers should keep in mind that even if the waiting period has elapsed, lenders still make loan approval decisions based on credit scores and debt-to-income ratios. The waiting period is an added requirement.

If you are ready to buy or sell a home, please contact me!  I would love to help you make that move!  Or, if you have any questions, also please fill out the form below.

 

June 2013: Denver Metro Real Estate Stats

There were almost 12% more homes for sale in June 2013 than the previous month of May. Perhaps this is in response to the shortage of homes for sale compared to last year (number of home available this June was 16% less than June of 2012). But even with more inventory this month, we are still seeing homes “flying off the market” compared to last year (the number of days on market is about 43 days- which is 40% less time than last year in June). And good news for sellers- the average sold price of a home in the Denver Metro Area is still on the rise. The average sold price of homes sold in June was $349,339 for Residential Dwellings (Detached & Townhomes)- that’s up 7.66% over this time last year! For Condos- the average sold price in June was $198,040- an increase of 9.07% over last June!

 

Source: Denver Metrolist, 06/01/2013-06/30/2013.

June 2013: Sales in The Ranch & Ranch Reserve

Attached Dwelling Listings

Type Price Status SqFt Style Beds Address Office
ATD $233,000 S 2178 2 Story 3 2367 RANCH Dr CBR54
 

Total Number of Attached Dwelling   Listings: 1

Residential-Detached Listings

Type Price Status SqFt Style Beds Address Office  
RES      $320,000 S 3542 2 Story 4 11240 QUIVAS Loop BC001  
RES      $325,000 S 5312 1 Story/Ranch 4 11482 Quivas Way MBD2X  
RES      $765,000 S 5807 2 Story 5 2877 W 115TH Cir REM12  
 

Total Number of   Residential-Detached Listings: 3

 

Total Listings Reported (All Types): 4

 

Source:  IRES data 06/01/13- 06/30/13.  Properties above were listed or sold by the real estate brokerage offices shown.  Information is deemed reliable but not guaranteed.

The Ranch Reserve: March 2013 Sales Activity

The Ranch Reserve:  Attached Dwelling Listings

Price Status Address Office
$88,900 A 2978   W 119TH Ave MBGOL
$139,900 A 2882   W 119TH Ave WURR1
$167,000 A 2927   W 119th Ave 102 0RWST
$179,900 A   / B 2883   W 119th Ave 204 0153B
$173,500 S 2971   W 119TH Ave 101 REM36
$178,500 S 2883   W 119th Ave 12-201 0RITZ
$206,000 S 2877   W 119th Ave 102 0INTV
Total   Number of Attached Dwelling Listings: 7

The Ranch Reserve: Residential-Detached Listings

Price Status Address Office
$625,000 A 2751   W 114TH Ct RMW10
$675,000 A 2593   Country Club Ct FRON
$997,500 A 11550   N Decatur St LLEG
$1,395,000 A 2788   W 115th Dr 0CRSS
$2,490,000 A 2391   Ranch Reserve Rdg LLEG
$750,000 A   / B 2811   W 114TH Ct CBR56
$785,000 A   / B 2877   W 115TH Cir REM12
$750,000 P 2811   W 114th Ct FRON
$337,500 S 11655   Decatur Dr 0KWPR
$500,000 S 11403   DECATUR Ct NEW06
$675,000 W 2593   COUNTRY CLUB Ct CBR56
$785,000 W 2877   W 115TH Cir REM12
$1,099,500 X 11235   Clay Ct AFPB
Total   Number of Residential-Detached Listings: 13

Total Listings Reported (All Types): 20

Source:  IRES data 03/01/13- 03/31/13.  Properties above were listed or sold by the real estate brokerage offices shown .  Information is deemed reliable but not guaranteed.

THE RANCH: MARCH 2013 SALES ACTIVITY

Here is the real estate sales activity in The Ranch subdivision for March 2013.

THE RANCH:  Attached Dwelling Listings

Price Status Address Office
$220,000 A / B 2229 RANCH Dr CC123
$228,000 A / B 2285 RANCH Dr MBN61
$319,000 A / B 11276 RANCH Pl MBN41
$220,000 W 2229 RANCH Dr CC123
Total Number of Attached Dwelling   Listings: 4

THE RANCH: Residential-Detached Listings

Price Status Address Office
$325,000 A 11877   Wyandot Cir 0CRSS
$328,900 A 11804   VALLEJO St WURR1
$337,950 A 11240   QUIVAS Loop BC001
$499,900 A 11615   QUIVAS Way CBR56
$519,900 A 11388   QUIVAS Way KWR80
$550,000 A 1740   W 115TH Cir REX01
$559,500 A 11871   Bryant Cir FRON
$675,000 A 2593   Country Club Ct FRON
$995,000 A 2440   COUNTRY CLUB Loop PRMR1
$320,000 A   / B 11224   QUIVAS Loop MBN17
$334,000 A   / B 11261   QUIVAS Loop MBCDR
$339,900 A   / B 11482   Quivas Way MBD2X
$749,900 A   / B 2184   W 116TH Ave M1842
$334,000 P 11261   Quivas Loop 0CDRL
$495,000 P 2256   COUNTRY CLUB Loop CBR18
$283,900 S 2394   W 119TH Ave 00118
$365,000 S 11334   QUIVAS Way RMW01
$750,000 S 2333   COUNTRY CLUB Loop REM12
$337,950 W 11240   QUIVAS Loop BC001
Total   Number of Residential-Detached Listings: 19

Total Listings Reported (All Types): 23

SOURCE: IRES 03/01/2013 TO 03/31/2013, sales activity in The Ranch Subdivision.  The listings above may be listed or sold by other real estate brokers.