Denver Realtor: My brother and sister in-law recommended a new house cleaner

Denver Realtor: My brother and sister in-law recommended a new house cleaner

I added a new house cleaner to my list of house cleaners at http://denverhomesales.info/denver-home-cleaning/. She is willing to travel anywhere in the Denver metro region. Her rates sound reasonable. She is a sole proprietor, small business owner. Try her out.

Jacque Carr

Owner/Cleaner

Moppin Mommas Housecleaning Services

(720) 590-9018

Crafty_1960@hotmail.com

Denver House Cleaner: Jacque Carr  (720) 590-9018  Crafty_1960@hotmail.com

 

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

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

Yelp Logo 150x150 Denver home cleaning services |  Denver Realtor Christopher GibsonGoogle Places Logo1 150x150 Denver home cleaning services |  Denver Realtor Christopher Gibson Zillow Logo 150x150 Denver home cleaning services |  Denver Realtor Christopher GibsonLinkedIn Logo 150x150 Denver home cleaning services |  Denver Realtor Christopher Gibson

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/

 

 

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/

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.
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/

New build and new construction pros and cons | Colorado real estate

New build and new construction in the metro Denver MLS; new build and new construction homes for sale.

Scroll down to see a list builders and their communities.

 

Buying a new build home is completely different than buying a resale home.  When buying a new build home most people think of large builder building  whole subdivisions of new  homes, but there are 3 types of new construction.

  1. New subdivisions
  2. Custom builds on a lot you chose
  3. Custom builds by a builder who already owns the lot 

The pros and cons of a new build and new construction below relate to new subdivisions by larger builders.

Pros of a new build and new construction: Realtor fee refunds

New build and new construction homes | NewHomeSource.comWhen I help buyers of a new build and new construction I am willing to refund up to half of my commission to the buyer or significantly discount my commission on the sale of their home. Buyers need to make the choice to use a Realtor to help them with a new build and new construction purchase before they step foot into a builder’s sales office. If buyers are registered by a builder without a Realtor, the builder will usually deny the ability of a Realtor to claim a commission to assist a buyer, eliminating the option for me to refund a portion of the commission. You must bring your Realtor with you to every builders’ sales office and I am happy to join you.

Pros of a new build and new construction: Modern, new, & clean

New build and new construction homes | Richmond American Homes ColoradoMost new build home buyers love the feeling of living in a home that has never been lived in before. The home will not stay flawless, but any flaws or dirtiness are created by them, and not by people who lived in the home before them. A new home may also include more modern features. This could mean higher ceilings, better sound systems, energy efficiency, etc.

Cons of a new build and new construction: builder defects

Many contractors and specialists go into the home to complete each one of the finishes. These contractors often damage other work done in the home or do a less than satisfactory work. New build home buyers have to be ready to inspect the finished product closely, and have to be willing to point out all flaws, big or small.

Cons of a new build and new construction: modern and move in ready may come at a price

Most people do not think of linoleum floors, formica counter tops, bad white carpet, ugly light fixtures and plumbing fixtures, a dirt yard, no garage door opener, no fireplace fan, or no window coverings as modern or move in ready. But this may be all that is provided with the base price of the home. Having the builder add granite, higher quality flooring and other modern features may require a significant increase in price, which may have to be mostly cash, before you even move in. And the builder may not provide options for window coverings or landscaping. The model homes you look at will have every upgrade they offer, you will not see or understand what the base price covers until months after you are under contract and locked into the purchase of the new build home.

Pros of a new build and new construction: modern construction techniques and regulations

New build and new construction | D.R. Horton ColoradoNew standards and techniques are continually being developed for better foundations, better electrical and plumbing systems, better energy efficiency, and better drainage. It is likely that a new home is being built much stronger and with systems that will last much longer than homes 10 or 20 years ago. Additionally, county supervision and requirements of builders have likely improved over time.

Cons of a new build and new construction: construction defects my not be known for years

If there are foundation issues, drainage problems, or other non-cosmetic construction defects, you may not know for decades. By that time, it is likely the builder has closed up shop and moved on. And even if a big name builder was building the home, they likely set up a small corporation for the duration of the build, that they subsequently shut down. This makes acquiring compensation from the builder difficult or impossible.

Pros of a new build and new construction: desirable neighborhood designs

New build and new construction homes | Lennar homes ColoradoPeople are often attracted to a new build and new construction for communities that incorporate parks, trails, possibly pools and rec centers, or even golf courses into the neighborhoods. Newer communities can create better traffic flows or even incorporate mixed use commercial and retail centers. See my neighborhood evaluation resource page at http://denverhomesales.info/neighborhood-evaluation/.

Cons of a new build and new construction: where are the trees?

A mature tree canopy can significantly improve the temperature of a neighborhood. A large number of trees improve aesthetics and overall contentment people have with where they live. And there is a direct correlation in the metro Denver area with the level of tree coverage and the price per square foot homes demand. Homes take decades to grow and it is easy for people to overlook how many trees builders are planting in common areas in the yards of homes they are constructing.

Pros of a new build and new construction: Homeowners associations

New build and new construction homes | KB Home ColoradoSome people love home owners associations and some people hate them. But association rules are strongest in new build areas and they can ensure that home values are maintained in the early year of a neighborhood.  Additionally, abundant common areas maintained by the homeowners association will create an early attractiveness.

Cons of a new build and new construction: Homeowners associations

The builder is in charge of the association at the beginning. The fees that the homeowners associations charge in the beginning may not adequately support the infrastructure they are maintaining. I have also heard stories of homeowners associations taking on a large amount of debt of the builders. Factors such as these can require substantial increases in the fees to maintain the association in later years. These fee changes, and the status  of the financial condition of the homeowners associating can directly impact the maintenance of the neighborhood and the values of the homes in the neighborhood.

 Cons of a new build and new construction: builder contracts

In a resale purchase and sale, the contracts are created fairly neutrally  by state organizations and negotiated by a common place by the buyers and sellers. But builders have created their own contracts that heavily leverage all terms in their favor. The amount of earnest money, money given as collateral, is usually  much higher than resale purchases, and usually very difficult to recover. Also, if you have a home to sell, the builder will often require you to sell it long before your new home is built, necessitating short-term temporary housing and 2 moves.

Pros and cons of a new build and new construction: mortgage lending

New build and new construction homes | Standard Pacific Homes ColoradoMost builders offer significant refunds and discounts that actually lower your cash needed at closing if you use their mortgage lender and homeowners insurance. The homeowners insurance can be changed the day after closing if you like, so people do not usually have an objection to this. However, this refund makes evaluating your lending options even more complicated. Make sure you get quotes of what your monthly payment and cash to close will be with the builder’s mortgage lender and with outside lenders before you make your final choice.

You will likely not be able to lock in your interest rate earlier that 60 days before your closing date. This will be months after you originally went under contract to purchase your new build and new construction home. If interest rates have increased in this time, this could mean that your monthly payment will be significantly higher. And in a worse case scenario you may not even qualify for a loan to purchase the home you chose by the time you can lock in an interest rate for your mortgage loan.

Mortgage lending is different for a new build and new construction than for resale homes. Ask outside mortgage lenders how frequently they help people with new construction purchases and how far in advance they need a certificate of occupancy from the builder to verify they will be able to close in time.

New build and new construction builders and the metro Denver Colorado communities they are creating below.

Also check out newhomesource.com for a comprehensive list of new home builders and metro Denver communnities.


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


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

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews And Denver Real Estate Agent Reviews On GoogleDenver Realtor Reviews And Real Estate Agent Reviews On LinkedInDenver Realtor Reviews And Real Estate Agent Reviews On ZillowDenver Realtor Reviews And Denver Real Estate Agent Reviews On Yelp

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/
  4. Android & iPhone mobile home search app: http://denvermlsapp.com

Denver Home Inspector: Extension Cord Safety

I received the following information from the Denver Home Inspector RBS&K. You can find a list of Denver Home Inspectors at http://denverhomesales.info/denver-home-inspectors/.

Extension Cord Safety

You should view extension cords as a necessary evil. Avoid using them. If you must use an extension cord, use a heavy duty cord with a sturdy plug and outlet. Make sure the cord is in good condition. Denver Home Inspector: Extension Cord Safety

Some basic rules:
Never run an extension cord through a doorway where it could get damaged.
Never run an extension cord under a rug where it can’t be seen and could overheat.
Never run a cord where it could present a trip hazard.
Never use two extension cords end to end – you just double the risk.
Never use a cord with exposed wires or a loose plug or outlet.
Never cut or modify the cord or connectors.
For appliances like washing machines, toasters or hair dryers, don’t use an extension cord, period. Have an electrician install an outlet near the appliance so a cord is not needed. These appliances use lots of energy and can overheat an extension cord.

All permanently installed appliances – a garage door operator or sump pump, for example – must have an electrical outlet nearby so an extension cord is not needed.

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

Yelp Logo 150x150 Denver Realtor Review: sale of 4236 Pondview Dr, Littleton CO 80123Google Places Logo1 150x150 Denver Realtor Review: sale of 4236 Pondview Dr, Littleton CO 80123 Zillow Logo 150x150 Denver Realtor Review: sale of 4236 Pondview Dr, Littleton CO 80123LinkedIn Logo 150x150 Denver Realtor Review: sale of 4236 Pondview Dr, Littleton CO 80123

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/

 

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