Archives for November 2014

Denver Realtor Christopher Gibson – Colorado Real Estate News is out!

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

Denver Realtor Christopher Gibson - Colorado Real Estate News is out! http://news.denverhomesales.info/

Denver Realtor Christopher Gibson – Colorado Real Estate News is out! http://news.denverhomesales.info/ . November 27, 2014 Edition.

View the pdf here. Denver Realtor Christopher Gibson – Colorado Real Estate News November 27 2014

 


 
 

Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 5 suggestions for a Denver homebuyer who works for homeGoogle Places Logo1 150x150 5 suggestions for a Denver homebuyer who works for home Zillow Logo 150x150 5 suggestions for a Denver homebuyer who works for homeLinkedIn Logo 150x150 5 suggestions for a Denver homebuyer who works for home

 
 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

What Denver Home Buyers Are Thankful For

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

Home Features that Denver Home Buyers are Thankful for: The Kitchen

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Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 5 suggestions for a Denver homebuyer who works for homeGoogle Places Logo1 150x150 5 suggestions for a Denver homebuyer who works for home Zillow Logo 150x150 5 suggestions for a Denver homebuyer who works for homeLinkedIn Logo 150x150 5 suggestions for a Denver homebuyer who works for home

 

 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

Denver Globeville Neighborhood In The News – Real Estate

Denver Globeville Neighborhood In The News – Real Estate

See homes for sale in the Denver Globeville Neighborhood below.

The Denver Globeville Neighborhood was all over the news lately.

It started with a recent article about a $4 million pedestrian & bicycle bridge that will connect the Globeville neighborhood to the  super hot River North, Rino neighborhood in Denver. http://www.denverpost.com/News/ci_26957307/Denver-City-Council-green-lights-River-North-pedestrian-bridge 

 

 

 

Globeville Denver Neighborhood Map - Real Estate

And 5280 Magazine had 2 articles about the Denver Globeville Neighborhood. The first article was about the long term plans for the Denver Globeville Neighborhood. The Denver Globeville Neighborhood is partnering with Groundwork Denver to convert barren stretches of  open space into greenspace. http://www.5280.com/news/digital/2014/10/globeville-long-view

Long Term Plan For the Denver Globeville Neighborhood In 5280 Magazine

 

The final article about the Denver Globeville Neighborhood was also in 5280 Magazine. It was about all the challenges the Denver Globeville Neighborhood has faced and all the the opportunities the Denver Neighborhood creating. http://www.5280.com/globeville/

Welcome To The Denver Globeville Neighborhood - 5280Welcome To The Denver Globeville Neighborhood - 5280

 

 

 See all homes for sale in the Denver Globeville Neighborhood below.

 

New To Site
$229,900
MLS# 7252086
Active
4986 Sherman St
Denver, CO 80216
3 BR | 2 BA | 880 Sqft | Detached Single Family
GREAT INVESTMENT OPPORTUNITY FOR THIS PROPERTY WITH TWO SEPERATE UNITS. LIVE IN ONE AND RENT THE OTHER OR GREAT CASH FLOW WITH TWO UNITS RENTED. GLOBEVILLE IS AN UP AND COMMING AREA THAT WILL SOON BE THRIVING WITH MUCH URBAN RENEWAL! BOTH (more...)
Resident Realty South Metro
Reduced
$359,900
MLS# 3513730
Active
4760 Broadway
Denver, CO 80216
3 BR | 1 BA | 896 Sqft | Detached Single Family
Welcome Home!! Everything In This Home Is Brand New!!!! High End Finishes!! Great Open Floor Plan! New Windows, Doors, Wood Siding, Roof, Fence, Gutters and Huge Professionally Landscaped Yard! The Large, Open Kitchen Features Gorgeous Quar (more...)
360 Real Estate Inc
$350,000
MLS# 7185915
Active
4956 Sherman St
Denver, CO 80216
3 BR | 2 BA | 1,240 Sqft | Detached Single Family
Where else can you buy a newer home in the mid $300s that's a 10-minute drive to Downtown Denver?! Enjoy your skyline views from your over-sized deck in your backyard that backs to open space. 5-minute walk to Argo Park. 8-minute drive to t (more...)
Keller Williams Realty Downtown LLC
$265,000
MLS# 8986933
Active
4469 Pennsylvania St
Denver, CO 80216
1 BR | 1 BA | 976 Sqft | Detached Single Family
Attention Investors--Globeville Special!!!! This is mostly a cosmetic fixer-upper. Has good bones. Lots of potential. Roof is newer, but there are no gutters. Location is key! Being sold strictly as-is. Send us your offer!
Realty One Group Premier
$294,900
MLS# 9637145
Active
4820 Clarkson St
Denver, CO 80216
2 BR | 1 BA | 678 Sqft | Detached Single Family
Super rare residential home with I-B (industrial) zoning in hot redevelopment area at I25 / I70. Home needs nothing - all systems updated including roof, appliances, windows, furnace, water heater, electrical, and septic tank inspected (pub (more...)
VERYNICEHOMES.COM
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO © Real estate listings held by brokers other than Brokers Guild are marked with the IDX Logo. This information is being provided for the consumer's personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer Listing Data last updated: October 23, 2018 08:00 MST Service by Buying Buddy IDX CRM

 

Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 5 suggestions for a Denver homebuyer who works for homeGoogle Places Logo1 150x150 5 suggestions for a Denver homebuyer who works for home Zillow Logo 150x150 5 suggestions for a Denver homebuyer who works for homeLinkedIn Logo 150x150 5 suggestions for a Denver homebuyer who works for home

 

 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

5 suggestions for a Denver homebuyer who works for home

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

5 suggestions for a Denver homebuyer who works for home recently posted on redfin.com .

If you’re currently house hunting around Denver and you work from home, be sure to keep your work needs in mind as you shop!Denver Realtor: 5 suggestions for a Denver homebuyer who works for home

When you found your current Denver area home, you may not have selected it with your work-from-home job in mind.

Now, however, as you choose your new abode, you can opt for features that make working from home in Denver easier and more enjoyable. Here are five tips to remember if you’re a Denver homebuyer who also works from home:

1. Find a home in Denver with a home office.

A work space that’s private, quiet and set off from the rest of the house is something no telecommuter should be without. It can be a spare bedroom, a refinished attic/basement, a comfortable room over the garage or even a large, walk-in closet. Ideally, the space should have a nice view and plenty of natural light.

A bonus? If your home office is used “solely and exclusively for business purposes,” you can even claim a federal tax deduction for business use of your home. The larger your Denver home office space, the greater your deduction will be. This deduction lets you subtract a percentage of your mortgage payment and utility expenses from your taxable income, and it can make a big difference in your bottom line.

2. Look for a patio or other pleasant Colorado outdoor space.

Working at home in Denver can be tedious. There are no coworkers or water cooler chatter to liven things up, and it’s easy to get caught up in and stressed out about your job. You can increase productivity and reduce stress by taking occasional short breaks in the Colorado outdoors.

Look for a Denver area home with a patio or other pleasant outdoor space, and then furnish it with calming accents like a wind chime, a bird bath, a sun umbrella and comfy outdoor furniture. Getting out into nature in Denver every hour or so is a great way to refresh and ground yourself, clear your mind or just indulge in a few quiet minutes of relaxation.

3. Check out nearby cafes or bookstores in around Denver.

One of the biggest challenges of working from home in Denver is loneliness. When you spend most of your day working alone, it’s easy to feel isolated from the rest of the world. You might find yourself calling friends and family just to stay connected, but spending too much time on the phone can cut into your productivity.

An easy solution to isolation is to pack up your laptop and head for the nearest café or bookstore. You can work for a few hours, enjoy some fresh coffee or a muffin, and be around other people without feeling obliged to interact with them. When you leave, you’ll feel more connected to others and to the world around you – and probably more creative, too.

4. Find a house that’s close to a Denver park or a walking path.

A trick that keeps many telecommuters sane? Taking their lunch break at a local Denver park. If the weather is nice, you can pack your lunch and enjoy a quick picnic. If the park has trails or walking paths, take a short walk or go for a quick jog.

A little exercise will help you focus better, and you’ll be better able to go home and complete your workday with a clear mind. If you have dogs, take them along and let them run or walk with you. They’ll return home calmer and less likely to interrupt you while you’re trying to meet a deadline.

5. Look for a fenced-in yard.

If you have pets, you already know how much they crave attention. When you are working at home, they’ll want to play and interact with you all day, and this can seriously undermine your productivity. If you have a house with a fenced-in yard, your fur babies can amuse themselves outdoors while you put in your work hours.

Make sure that the fencing is strong enough to contain all your pets safely, and that it’s in good repair. When your pets can play outside freely, you’ll be able to focus on your job without feeling guilty about neglecting them.

Being able to work at home is a huge benefit for many people, but it does come with a few potential obstacles. By remembering these tips while house hunting, you can find a house that makes working from home a whole lot more enjoyable!

What are your tips for making your house work-from-home friendly?

Below you will find some Denver homes with fenced yards in proximity to parks and trails:

 

Note: Not all properties found may be shown on the map.
PRICE
BEDS
BATHS
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Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 3 Questions to Ask Before Buying a Home Close To DenverGoogle Places Logo1 150x150 3 Questions to Ask Before Buying a Home Close To Denver Zillow Logo 150x150 3 Questions to Ask Before Buying a Home Close To DenverLinkedIn Logo 150x150 3 Questions to Ask Before Buying a Home Close To Denver

 

 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

Added Past Sales to Reviews of Denver Realtor Chris Gibson

I added a link of all my past sales to my Testimonials and Reviews of Denver Realtor And Real Estate Agent Christopher Gibsonhttp://denverhomesales.info/denver-realtor-reviews-real-estate-agent-christopher-gibson/

Denver Realtor Real Estate Agent Christopher Gibson Past Sales

Denver Realtor Reviews – Estate Sale In Southwest Denver

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

I received a Denver Realtor reviews on Zillow about a client whose mother passed away and I helped them sell the home and land that belonged to her mother as part of her estate. It was kind of difficult or unique situation. She was the original owner of the and house and it had 2 different lots with different legal descriptions but had never been owned separately. One lot was just land and the home was on the separate lot . It took some learning Denver Realtor Reviews - Estate Sale In Southwest Denverto figure out if the properties would in anyway need to be subdivided first which obviously they did not because it was 2 separate legal descriptions. I determined that they would receive more money for the estate if the properties were sold separately as if they were sold together they would hit the ceiling of what homes sell for in the neighborhood which was around $200,000. So separately we ended up selling the properties for around $163,000 for the house and then $50,000 for the land so the made probably at least $13,000 more because we sold the properties separately. I met the woman before she passed away, really, really nice woman and subsequently her daughter wrote a really nice review for me on Zillow. This was in the Westwood neighborhood of Denver.

Denver Realtor Reviews – Estate Sale In Southwest DenverDenver Realtor Reviews - Estate Sale In Southwest Denver

“Our mother 92 years old, met a young man named Christopher Gibson. She was impressed with him and requested he be her relator when she passes away. In August we lost her and began to use the services of Christopher Gibson as our mother requested. The sale of the house and land was an estate sale and was a bit complicated. The manner in which Christopher Gibson set up listings, showings and had time to answer the many questions we had concerning the estate sale was invaluable and worth his weight in gold. He was able to set appointments for more than 70 showings and secure a sale for both the land and house within 2 months. His diligence and hard work was most appreciated in our time of loss.”

Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 3 Questions to Ask Before Buying a Home Close To DenverGoogle Places Logo1 150x150 3 Questions to Ask Before Buying a Home Close To Denver Zillow Logo 150x150 3 Questions to Ask Before Buying a Home Close To DenverLinkedIn Logo 150x150 3 Questions to Ask Before Buying a Home Close To Denver

 

 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

3 Questions to Ask Before Buying a Home Close To Denver

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

3 Questions to Ask Before Buying a Home Close To Denver from

http://www.keepingcurrentmatters.com/2014/10/27/3-questions-to-ask-before-buying-a-home-2/

If you are thinking about purchasing a home close to Denver right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in Denver real estate. Let’s look at whether or not now is actually a good time for you to buy a home close to Denver.

3 Questions to Ask Before Buying a Home Close To Denver

There are three questions you should ask before purchasing in today’s Denver area real estate market:

1. Why am I buying a home close to Denver in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home close to Denver? For most, the reason has nothing to do with finances. A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of the space

What non-financial benefits will you and your family derive from owning a home close to Denver? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are Denver home values headed?

When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

Here is what the experts projected in the latest survey:

  • Home values will appreciate by 4% in 2015.
  • The cumulative appreciation will be 19.5% by 2018.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 11.2% by 2018.

3. Where are Denver mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home close to Denver can be dramatically impacted by an increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.

Bottom Line

Only you and your family can know for certain the right time to purchase a home close to Denver. Answering these questions will help you make that decision.

Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

Yelp Logo 150x150 Special Denver home listing discount for the 80237 zip codeGoogle Places Logo1 150x150 Special Denver home listing discount for the 80237 zip code Zillow Logo 150x150 Special Denver home listing discount for the 80237 zip codeLinkedIn Logo 150x150 Special Denver home listing discount for the 80237 zip code

 

 

Also find reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

Wheat Ridge is 1 of the 10 best places in the country to retire.

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

Wheat Ridge Top City In America to RetireWheat Ridge is one of the 10 best places in the country to retire. You can find the entire article at http://www.bizjournals.com/denver/news/2014/11/10/a-colorado-city-is-one-of-the-10-best-places-in.html

See all Wheat Ridge homes for sale below.

Note: Not all properties found may be shown on the map.
PRICE
BEDS
BATHS
SQFT

 

See all reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

Denver Realtor Reviews: Thank you card from 2 past clients

 

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

Denver Realtor Reviews

I was cleaning off the desk on a cold and snowy November Denver Saturday and I foundDenver Realtor: Wintery November Saturday this card from some Summer clients. I helped 2 sisters and their families by 2 houses in southwest Denver, close to Harvey Park. It made my morning, thinking of the time they took to write the card.

Denver Realtor Reviews: Thank You Card

Denver Realtor Reviews: Thank You Card

 See all Harvey Park homes for sale below.

 

New To Site
$439,950
MLS# 4194224
Active
2161 S Wolcott Ct
Denver, CO 80219
3 BR | 1 BA | 2,332 Sqft | Detached Single Family
Lovely ranch home located near Harvey Park Lake. Fresh paint inside and out. New wood floors through out with new tile and counter tops in kitchen. This is a must see. Close to schools shopping, and transportation.
HomeSmart Realty Group of Colorado
New To Site
$375,000
MLS# 3061111
Active
2136 S Zenobia St
Denver, CO 80219
3 BR | 2 BA | 2,026 Sqft | Detached Single Family
Beautiful brick ranch in Harvey Park. 3 generously sized bedrooms on the main floor. Pristine hardwood floors throughout the main floor. Kitchen has approximately 1 year old stainless steel appliances. Light and bright main floor great room (more...)
Brokers Guild-Cherry Creek Ltd.
New To Site
$479,900
MLS# 8698197
Active
2631 S Perry St
Denver, CO 80219
4 BR | 3 BA | 1,976 Sqft | Detached Single Family
Don't miss the nicest Mid-Mod to hit the market in over a year! This is a stunner with windows EVERYWHERE. Modern style with a respectful nod to the mid mod roots! The master suite in this home is to die for. The indoor / outdoor living (more...)
Fathom Realty Colorado LLC
New To Site
$314,000
MLS# 5870099
Active
2768 S Julian St
Denver, CO 80236
3 BR | 1 BA | 818 Sqft | Detached Single Family
Charming Home! This Home has been loved and it shows! Desirable Main Floor Living! Includes 3 Bedrooms, Updated Full Bath, Updated Kitchen with Appliances! Cozy Breakfast Nook! The Main Living Area with attached Dining Area is Spacious an (more...)
Colorado Realty Pros
New To Site
$379,900
MLS# 6443944
Active
2240 S Hooker Way
Denver, CO 80219
4 BR | 2 BA | 1,382 Sqft | Detached Single Family
Totally Remodel property ready to move. Two houses in one. Main house does has 3 bedrooms 1 bath 1 kitchen. Mother in law apartment with separate entrance does has kitchen, bathroom and a master bedroom. Rent one place and live in the oth (more...)
M I SOLUTIONS
New To Site
$279,000
MLS# 1741398
Active
2261 S King St
Denver, CO 80219
2 BR | 1 BA | 710 Sqft | Detached Single Family
Adorable ranch home in Harvey Park. Enjoy quiet morning coffee on the Eastern facing front porch or covered back porch. This well cared for home is circled in large windows providing brilliant natural light throughout. Brand new carpets flo (more...)
Redfin Corporation
New To Site
$475,000
MLS# 9063318
Active
2009 S Raleigh St
Denver, CO 80219
5 BR | 3 BA | 2,382 Sqft | Detached Single Family
WHAT A GEM! Beautiful remodeled home located less then a block away from the beautiful Harvey Park. It's one of the few homes in Colorado with a private pool in the backyard! How amazing is that? This home features a beautiful detailed desi (more...)
CENTURY 21 Dream Home
New To Site
$329,900
MLS# 3115284
Active
2691 S Julian St
Denver, CO 80219
3 BR | 1 BA | 1,062 Sqft | Detached Single Family
Very nice Cape Cod Two Story. Great condition thru-out. Three bedrooms including a very big Master Bedroom on the main floor. Main floor laundry including the washer and dryer. Fresh paint in and out. Remodeled kitchen including tile floor, (more...)
ARAPAHOE REALTY COLORADO
New To Site
$340,000
MLS# 9870374
Active
2660 S Sheridan Ct
Lakewood, CO 80227
3 BR | 3 BA | 1,882 Sqft | Attached Single Family
Vista Grande townhome in Harvey Park area. Bi-level with tons of space, a big deck and attached two-car garage. See your new home today!
RE/MAX Structure
New To Site
$466,900
MLS# 4677262
Active
2015 S Xavier St
Denver, CO 80219
5 BR | 3 BA | 2,214 Sqft | Detached Single Family
Gorgeous, completely updated Harvey Park full brick ranch! 5 bedrooms, 3 baths, wood floors on main level, high end stainless steel appliances including a Jenn-Air french door refrigerator and a dual fuel range for the discerning cook. Ful (more...)
COOK REALTY
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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO © Real estate listings held by brokers other than Brokers Guild are marked with the IDX Logo. This information is being provided for the consumer's personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer Listing Data last updated: October 23, 2018 08:00 MST Service by Buying Buddy IDX CRM

 

See all reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/

  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info/
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/

Denver Auction Forecloser Property Bidding HomeSearch.com

Create a custom search of active homes for sale in the real time Denver MLS herehttp://denverhomesales.info/propertysearch/ .

I just completed my first attempt to bid on a foreclosed Denver auction property on www.homesearch.com.  We were not successful but learned a lot.

1. I was not happy that these properties only offer 1% to Buyer’s Agents. We valued this property between $295,000 and $305,000. Denver Foreclosure Auction on Homesearch.comThe Denver auction property was offering a commission of approximately $3,000.00 which would be almost $6,000.00 less than a normal purchase. It did not mean less work, only less money. Many agents would either insist that their clients pick up some of the difference or would refuse to help them with the process.

Denver Foreclosure Auction on Homesearch.com

2. Earnest money required was 3%, approximately $9,000 . Normally Earnest money is about 1%. This required any successful bid to put approximately $9.000 of their cash at risk. In order to bid on the Denver auction property you had to provide your credit card information for them to put a $2,500 hold on. Even though I created the bidding account for my client I had my client put in his own credit card information as this hold was too much for me to personally risk.

3. Earnest money was not refundable. In a normal purchase there are 3 valuable deadlines that if properly exercised by Buyer to terminate the purchase, they will receive their earnest money back. Without this protection a buyer would need full loan approval, an appraisal, and successful inspection before the bidding process begins in order to fully protect themselves from losing their earnest money if unable to complete the purchase.

4. We were unable to determine whether or not there would be unpaid liens on the Denver auction property that would have to be paid by the buyer. SpecificaDenver Foreclosure Auction on Homesearch.comlly we were concerned that the HOA fees were not current. HOA companies will not divulge if HOA fees are current or how much the unpaid fees are if you are not the owner. Additionally we called the bank, Nationstar, and HomeSearch.com and they were not able to tell us how much the unpaid fees were. The bank would only say that in Colorado that the new buyer would be responsible for any unpaid fees from before Nationstar foreclosed. The HOA said that the new buyer would be responsible for 6 months of fees maximum. We were asking the lender to order a status letter which would have cost the buyer up to $350.

5. How much would the Denver auction property appraise for? My partner and I valued the home between $295,000 and $305,000. You can see our valuation here. If my buyer was getting a loan for 95% of the purchase price, and he won the Denver auction property for $5,000 more than it appraised for, he would have to bring a cash down-payment of 5% + $5,000. Not only did my buyer have rely on my estimation of value but they had to decide how much cash they had to risk.

6. We learned in advance that you would be able to bid more than once, and you would see the current high bid. But there were still surprises in the bidding process. Bidding started in the $100’s but bidding the Denver auction property up was in forced increments of $7,500. We quickly ascertained that we needed to know what spot we wanted to be in the process so that we could land as close to our high bid as possible. For instance, bids were at $276,500, $284,000, $291,500, $299,000, $306,500… and their high bid was close to $300,000 then they needed to start bidding on the $284,000 mark to land on the $299,000 bid. And at the end of the bidding the increment changed to $2,500, but I do not know what triggers that change.

7. What is the buyer’s premium? It sounds like 5% extra cash the buyer has to bring to closing table. They would not be able to finance it unless the Denver auction property financed extremely high.

Summary:

1. To minimally risk their earnest money a buyer would before bidding have to have full loan approval or cash, invest $300- $700 in an inspection, and have an appraisal done, if getting a loan, for around $450. And it would be good to have a title search done and to get an HOA status letter for up to $350.

2. This Denver auction property sold for $40,000 more than any of the comparable sales and for $30,000 more than what we think it would appraise for.

3. The Buyer overpaid by around $45,000 which would have to be cash if they are getting a loan. If they don’t have the cash they lose their $9,000 of earnest money.

See the full home search.com listing here. See the full MLS listing here.

See Denver area Bank and Government owned foreclosed homes for sale below.

Note: Not all properties found may be shown on the map.
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