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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October 2018 Market Analysts for Home Sales in Metro Denver

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In keeping with past seasonal trends, the Denver Metro Area housing market saw fewer home sales in September 2018. Home prices continue their steady rise, with average sold price in September 7% higher than this time last year. During the fall and winter months, home buyers and sellers can take advantage of a slower pace or make preparations for next year.
Seasonal Cooling in the Colorado Housing Market As the weather cools, we often see a seasonal slowing in the Colorado housing market. Fewer homeowners are interested in moving into a new home during this time of year. This time is often spent preparing for winter, knowing the holiday season will soon be upon us. In September, 4,229 homes sold across the Denver Metro area, 25% lower than last month. There was also a decrease in the number of homes under contract, 5% fewer than last month. However, year-to-date sales are only 3% lower than this time last year. 
If you want to buy or sell a home now… Home buyers can benefit from a slo…
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How much do you really know about real estate? Take this quiz

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Can you buy a piece of a shopping mall? 
See question No. 3

Real estate is an important component of the U.S. and global economies. For many Americans, homeownership doubles as a first investment. Beyond a primary residence, investors also can buy into the commercial real-estate market: Office buildings, multifamily housing, hospitals, parking lots, storage facilities, retail properties, call centers, distribution hubs, hotels and restaurants form a sector with its own economic ups and downs.

In 2016, the S&P 500 recognized real estate as its own sector, separating it from financial services where it had been buried for years—a move some view as a portent of more real-estate investment to come and that others view with indifference. Currently, real estate accounts for less than 5% of the S&P 500 by market cap.

How much do you know about real estate—and real-estate investing?

1. What foreign country’s investors are buying the most U.S. commercial real estate?

A. China

B. Canada

C…
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Can Your Home Survive a Wildfire?

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Whether a home survives a wildfire is not random, nor is it a function of luck, most homes that exhibited attributes promoted by the FireSmart program -- including keeping combustible vegetation away from the house, uncluttered yards and low-flammability roofs and surfaces -- survive fires.

It seems clear that the survival of homes was a function of resistance to ignition and not a random event or a matter of luck, Beyond doubt, risk mitigation (FireSmart) guidelines demonstrated their effectiveness in mitigating risk under the harshest of wildfire conditions.
Most homes caught on fire as the result of embers from the forest fire landing on their property. "Based on site visits, no instances were observed where home ignition could confidently be attributed to direct contact by flames of the burning forest, and there were very few observations where home ignition was likely due only to radiant heat from the forest. Other studies have shown that embers generated by burning vegetat…
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