January 2016 Residential Market Report

January 2016 Residential Market Report



January 2016 Residential Market Report

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Successful Closing Tips in Colorado

Tips For a successful closing 1 Colorado law requires that all funds paid at closing by the parties must be in the form of a wire transfer, cashiers check or teller check. 2 If possible, avoid peak times when scheduling closings (Friday afternoons, end of the month). 3 The title company will need a loan number and contact information on existing loans, HOA contact, seller's forwarding address and social security numbers for all parties. 4 If a Power of Attorney is to be used for closing, contact the title company as early as possible. 5 When scheduling moving vans or other closings be sure to allow time for the resolution of problems which may delay the completion of your transaction. This information is provided to assist you in your real estate transaction. Should you need additional information, please feel free to contact us.
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Centennial is a Home Rule City by a 2-1 margin

The unofficial results from the June 10 mail-in ballot show the measure to institute Centennial's proposed home-rule charter passed resoundingly by a greater than 2-1 margin."My biggest comment is woohoo!" said an elated Cathy Noon, chair of the elected Centennial Charter Commission, which drafted the municipal constitution."I just want to say this is the most wonderful news for all of us," she told a roomful of cheering commissioners, city officials and other home-rule supporters at a victory party.The mood there already was ecstatic by 7:30 p.m., when initial results showed the charter passing by some 7,000 votes - a far cry from the razor-thin 316-vote margin that created the charter commission last November.Many on both sides of the contentious debate over home rule had predicted a close call either way, and few were certain that the charter would pass at all."I thought it would be closer than this," Noon said. "But I started to get a feeling ...
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1.25% Mortgage! is it possible??!!

"Option Arm" What You Need To Know Seems like we all want the latest and hottest "thing" these days, and even some mortgage loans are no exception. The lending industry seems intent on seeing everyone in America become a homeowner by introducing new adjustable rate loan products that give a false impression that home ownership is both cheap and affordable despite soaring home prices. Contrary to the good advice of many financial experts, more and more would-be and current homeowners are being lured into loans that can backfire and possibly even render you homeless in a few years if your income cannot keep pace with increasing monthly mortgage payments and a rising interest rate environment. One of these adjustable loan products introduced to the average consumer is the "Option ARM" home loan, also known by several names like "Pick-A-Pay Loan", the "Flex Pay Loan", "Flex Option ARM", and "Pay Option ARM", among others...
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Spring housing: 'Strongest seller's market ever'

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Even as more homes come on the market for this popular sales season, they're flying off fast. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are in the driver's seat." Spring home buyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer. Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver's seat. "I've been selling real estate for 14 years and this is the strongest seller's market I have ever seen in my entire real estate career. A lot of our sellers are optimistically pricing their homes in today's market, and I have to say in most cases we're getting the home sold anyway. Some of the listings are intentionally listed a litt...
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Things To Do When It's Time To Sell Your Denver Home

Exterior and Curb Appeal • Experts say most buyers make their decision at first sight. General Exterior • Buyers will react well to signs your home has been meticulously maintained. • Manicure landscaping: mow, edge and water lawn, trim hedges, weed and fertilize flowerbeds, and prune trees. • Keep driveway clean and free of parked cars, and keep the garage door closed. • Repair or replace loose or damaged roof shingles. • Minimize cracks or crumbling on walkways, walls, or steps, and keep them clean and free of obstructions like toys or snow. • Items from RV’s to waste cans left out can contribute to a cluttered or busy appearance. Make sure that from the street, your property appears clear. • Inspect appearance of interior window coverings from the curb. • Repair any peeling paint of loose caulking on windows or other areas. • Take steps to eliminate insect or rodent pests. • Pick up after your pets and neighborhood animals. Doorway • While agents work the lockbox for a key, buyers h...
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