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


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8 Things You Need To Know About Buying A Home

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I am a realtor and real estate investor based in Centennial, Colorado, With over 15 years of experience,  I aim to help homebuyers make smart, strategic purchases. I advises first-time and “experienced” buyers alike to build a team of experts, scrutinize their finances, and remain in control throughout the process.

Buying a home or investing in real estate is one of the most expensive and life-altering decisions most people make. Since it's not a topic that's heavily touched upon in school, most people end up "winging it" and learning on the fly.
Sure, that's one way to approach it. A better way is to get familiar with important concepts and practices that can help you make sound buying decisions and avoid costly mistakes.

As a real estate agent, investor, and coach, I've been through countless transactions with clients. My goal is always to provide a framework for buyers to make smart, strategic purchases.

Here are my eight best pieces of advice for buyers:

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How to use one day codes for SentriLock (For Realtors)

How to Use 1 Day CodesYou can use the following instructions to open the key compartment of a lockbox with a 1 day code.On the lockbox's keypad, press and hold ENT. This will "wake up" the lockbox.When the lockbox lights up the keypad, enter your 1 day code. For example 2862745, and press ENT.The lockbox will open the key compartment.Here are some possible problems and what to do about them:If the CODE and ERROR lights alternate after you enter a 1 day code, you've entered an incorrect code. You should verify the code with the owner of the lockbox.If pressing the ENT key in step 1 above does not wake up the lockbox (that is, the lockbox keypad does not light up), the lockbox owner may have locked the keypad (either with or without intending to). Normally the lockbox unlocks its keypad when a showing agent inserts his or her SentriCard®. Since you are using a 1 day code, you probably do not have a SentriCard®. You can unlock the keypad by inserting a credit card or bu…
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Open house in Englewood: The Future of ADU's and Zoning.

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As home prices and rental rates continue to soar with little restraint across the metro area, a decidedly unsexy topic — accessory dwelling units — is generating more heat as communities look to the small living spaces on small lots for needed relief in an overheated real estate market.

On Tuesday night, Englewood will hold an open house on accessory dwelling units to get feedback from the public on what the rental units should look like and where in this city of 33,000 they should and should not be allowed.

According to the Denver Metro Association of Realtors, the average price in April of a single-family home in metro Denver reached a dizzying $487,974 — a new high. Meanwhile, rents in the metro area resumed their upward climb this year after pulling back somewhat last fall. The average apartment rents rose to $1,446 in May, up $19 over April’s average.

By virtue of their smaller size, accessory dwelling units tend to be cheaper to rent than conventional apartments. Englewood is p…
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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…
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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…
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