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Have You Considered a Post-Closing Occupancy Agreement?

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It’s a crazy market out there. Buyers are doing anything they can to secure a home, but inventory is low because potential sellers don’t want to be buyers in this market. And when a seller does list their home, their biggest fear is they won’t be able to find a new home in the time they must be out of their old one. A post-closing occupancy agreement might just work for your buyer who’s looking to make a stand-out offer, and your seller who’s worried about the timeline.

What is a post-closing occupancy agreement?
A post-closing occupancy agreement is when a seller retains occupancy of the property for up to 60 days after closing occurs, the tactic isn’t often used, but in this market, brokers consider it an ace in the hole, if navigated correctly.

Evaluate
Not all buyers are good candidates for the post-closing occupancy agreement, and it’s important to understand the clients’ current living arrangements. If the buyers are living at an extended-stay hotel, Airbnb, month-to-month apartm…

August 2018 Market Statistics Home Sales for Metro Denver

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Greater Denver Metro home sales continued to slow slightly, which is typical for this time of year, especially after a strong summer selling season. Year to date, homes sales are down just one percent as compared to last year. Most notably, sellers continued to add new listings of homes for sale to the market—4 percent more than last month. That, combined with homes staying on the market about four days longer than last month, could give your buyers more options and more time to browse.

Watch the August 2018 market statistics video above and look down below for infographics and reports.


Home Sales
In August, 5,455 homes sold, 5% lower than last year and flat as compared to last month. Year to date, sales are only 1% lower than this time last year.

There was also a decrease in the number of homes going under contract. Throughout the month, contracts were placed on 5,297 homes, a 3% decrease from last month.

Home Sales Year-Over-Year Change

August 2017 -- 5,731
August 2018 -- 5,455
-5%

Au…

Pricing your Home For Sale

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If you’re considering selling your home, one of the most important decisions you’ll need to make is how to price your home. Price too high, you may miss out on potential buyers or sit too long on the market. Price too low, you may leave money on the table.

Here are some tips to consider as you work with your agent to price your home for sale.

Ask for a CMA
Ask your REALTOR® to provide a Comparative Market Analysis or CMA. In this analysis, your agent will compare your home with other similar homes that have recently sold. They can also weigh in unique features of your home, housing market trends, and desirability of your neighborhood for a comprehensive home valuation. All these factors are used to determine the best list price for your home.

While online home value calculators can provide initial insight, they should not be used to price your home for sale. These calculators are only as good as the data provided. They cannot weigh unique factors, like special features of your home or…

I love where I live

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I was going through my blog and I came across this feel good article that makes me smile every time I read it: 40 Reasons I Live Where I Live It was originally published in 2012 but the author took it down and I am glad I kept a copy of it.

I have lived here since 1991 and I love where I live, and would not trade it for another place.

I can eat at a new restaurant every night and never eat in the same place.

I'm 25 minutes from an amazing aquarium, a half-dozen fantastic theaters, the airport, a stunning natural history museum, a massive art museum, multiple shopping malls, every type of gym and fitness center you could ever need, and MORE.

If I wanted to ride my bike for thousands of miles every year without riding on the road a single time, I could. The cycling infrastructure here is phenomenal.

We don't just have one good Zoo, we have several of the nation's best Zoos and sanctuaries, including one that's build entirely on a mountain.

The culture of music and art is…

Silicon Valley house on the market for only $800K!!! What in the world?

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Eight hundred thousand dollars is certainly not an unheard of price in the world of residential real estate, as prices shoot up in hot markets such as New York, the District of Columbia, and the San Francisco Bay area.

But what that amount buys in San Jose, a main node of Silicon Valley and its soaring estate prices, drew a second look: a debilitated, burned shell of a home on a small overgrown lot of the type your parents might have warned you to stay away from.
The median home value in San Jose is $1,078,300. That's up 23.9% over the past year, and is predicted to rise 8.4% over 2018. The fact that severe fire damage only bumped that average down to $800,000 says a lot about the area's market, where available housing is sparse and residents prioritize proximity to their employment.
PS: I just checked about an hour ago, so by the time you read this article know that the house is already under contract. I guess Metro Denver and Centennial prices are not that high after all :(

How much you would need to afford rent in Colorado?

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There is nowhere in this country where someone working a full-time minimum wage job could afford to rent a two-bedroom apartment. Downsizing to a one-bedroom will only get you so far on minimum wage. Such housing is affordable in only 12 counties located in Arizona, Oregon and Washington states, according to the report by the National Low Income Housing Coalition.

You would have to earn $17.14 an hour, on average, to be able to afford a modest one-bedroom apartment without having to spend more than 30 percent of your income on housing, a common budgeting standard. Make that $21.21 for a two-bedroom home -- nearly three times the federal minimum wage of $7.25.
The minimum hourly wage required to afford rent on a two-bedroom apartment, of course, depends on where you live -- ranging from a low of $11.46 in some counties in Georgia to a high of $58.04 in the San Francisco Bay Area.

The most expensive state for housing is Hawaii, where workers would need to make $35.20 an hour to afford a tw…

DCPA is announcing the 'Hamilton' lottery in Denver

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If -like me you are looking for reasonably priced tickets to see Hamilton, this maybe your chance to get them for $10 each. The lottery opens at 11AM two days prior to the performance and closes at 9AM the day before. Here is the link to register: https://www.luckyseat.com/hamilton-denver/ you must enter every Thursday for the weekend show. Good luck :)

9 Landscaping Projects to Improve Resale

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As the weather starts to heat up each Spring, so too does the housing market. Spring is an optimal time to get your house ready to sell. The first thing that potential buyers will see of your home is the landscaping, so make a great first impression with beautiful outdoor spaces. An investment in landscaping can help sell your home faster and for more money. There are simple projects at every price point that can help you achieve great curb-appeal.

Inexpensive $

1. Keep the Lawn Well-Manicured
The easiest and most obvious landscape project when hoping to sell your home is to get your lawn looking its best. Spring is a great season to try to sell because your lawn is helped by Mother Nature. Wet, mild Spring weather will help the lawn stay green with less effort. To show off that green lawn, make sure to mow and edge it often.

2. Keep Your Yard Weed Free
It may not cost much, but it will require some time and effort to control the weeds around your property. Spray or pull weeds in flowe…

Weekly Real Estate Update for 80121 (03-08-2018)

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29 Essential Tips That Get Homes Sold Fast (And For Top Dollar)

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Newest listings in 80122 this week

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Newest listings in 80120 this week

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Great horned owl sighting in centennial colorado

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My neighbor took these last week of a great horned owl nesting on his tree. I will add the chicks pictures once they hatch and if I am able to see them.








How would Amazon HQ2 affect rent in Denver?

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With Denver on the short list for Amazon.com Inc.'s second headquarters, concerns are being raised about the impact of a $5 billion, 50,000-worker campus in an area that is struggling with housing affordability. Rental costs are on the rise, and a study today from Apartment List shows that Amazon HQ2 would increase those costs an additional 0.8 percent to 1.1 percent per year with the Amazon HQ2. That percent range translates to between $7,751 and $11,452 for a typical Denver renter household over a ten year period. To clarify, the 0.8 percent to 1.1 percent increase in rent is in addition to the baseline rent growth Denver has experienced without HQ2, which according to Apartment List averaged 4.8 percent per year from 2005 to 2015. With low inventory on both homes and rental vacancies, a new headquarters could strain housing further. Most impacted by these increases would be lower wage workers, many of whom would be needed to support Amazon HQ2. However, Denver would not be the…

How much will you have if you invested $1,000 in Netflix in 2007?

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