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Selling Your Denver Home? Clean-Up the Clutter!

Thinking of putting your Denver home on the market? Here is some great advice from Joyce Clegg of Daydream Designs:

It is said that people don’t like change. The truth is, we DO like change, as long as it is change that we  CONTROL. The start of every new year is when most people think about change — changing the look of my home, maybe join a gym, lose a few pounds, find a new job.

The start of a new year is a great time to clear out clutter. “Clutter” is one of those words that’s an umbrella for excess stuff. The most obvious place you find clutter is in your storage room — the stuff that moved into your house when you did and remains there? Then, it’s in the closets, on the counter, stuffed in a box. It’s piled up papers, clothes that don’t fit, “things” you don’t use.

Get going, pick a spot and start. Be ruthless. Change is good, it’s refreshing, it’s mentally stimulating. If there’s one thing we’ve learned from the past two years, it’s that we can live with less…so just do it!

Joyce Klegg
Allied ASID
Daydream Designs llc
www.daydreamllc.com

TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.

Dramatic Rise in Denver Resales from Last Year

Denver Resales Up From Last Year

As an addendum to yesterday’s Denver real estate market update, we wanted to add that Denver-area home resales, or homes that have been sold once before, rose a whopping 23 percent from November 2008 to November 2009.

This is more great news signaling that the Denver housing market is on the road to recovery. For more Denver real estate market statistics, please contact TeamCox Realtors at 303-400-6060.

Denver Real Estate Update – December 2009

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TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.

Colorado’s Unemployment Rate Lower Than National One

Although there has been much gloom and doom surrounding the national economic picture lately, TeamCox Realtors continues to look on the bright side. The Colorado Department of Labor announced today that Colorado’s unemployment rate rose to 5.7 percent in October.  While this is not great news, this figure is well below the national unemployment rate of 6.5 percent.  Keep in mind, this means that 94.3 percent of Coloradoans are employed.

Denver’s economy is faring much better than in most cities, mainly because of its diverse industry base. The Denver real estate market’s bubble also did not expand, as quickly as in other cities, so the local economy hasn’t suffered as badly compared as other cities’ economies. Please keep this in mind as you watch the ultra-depressing cable news shows.

For more information on the state of Colorado’s economy, please contact TeamCox Realtors at 303-400-6060.

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Must-Attend Denver Area Holiday Events

The holiday season is just around the corner, and we are lucky to be able to celebrate the holiday in beautiful Denver, Colorado. TeamCox has compiled a list of a few of the of the Denver metro area’s most popular holiday celebrations:

Aurora
Southlands
Town Square
Tree Lighting Ceremony
Friday, November 28, 2008
Southland’s third annual grand Tree Lighting ceremony is sure to be a treat with miles of lights and a 35-foot living Christmas Tree.

Denver
Grand Illumination Downtown Denver
November 28th – 6:00pm
Numerous multiple Downtown Denver locations will be lit up including the City and County of Denver, Larimer Square, Denver Pavilions, the 16th Street Mall and Union Station.

Cherry Creek Shopping Center
19th Annual Tree Lighting Ceremony
November 23, 2008

Parade of Lights
December 5-6, 2008
The Parade of Lights is a wonderful Denver tradition that dazzles everyone with beautiful floats and giant balloon characters.

Castle Rock
Castle Rock Outlets Tree Lighting
November 22, 2008- 5:30pm
Light up a 70 foot tree!

“Turkey Rock Trot”
Thursday, November, 27, 2008 – 9:30 a.m
5K Family Run

Englewood
Englewood Shines!
December, 6, 2008- 4:00pm
Englewood Civic Center

Littleton
2008 Candlelight Walk
Downtown Littleton
November 28, 2008
Littleton will celebrate the holiday season with many festive activities, including lighting up the trees on Mainstreet, caroling and a visit from Santa himself!

Parker
Town of Parker Tree Lighting
O’Brien Park in Downtown Parker
November 28, 2008 – 5:00pm

Christmas Carriage Parade
December 13, 2008 – 2:00pm
Route: West on Mainstreet, up Victorian, around Parker Station, back down Victorian, east on Mainstreet, south on Pikes Peak Drive, east on Pikes Peak Court through the Mainstreet Center parking lot and back on Mainstreet heading east.

For more information regarding the holiday season in Denver, Colorado, please contact TeamCox Realtors at 303-400-6060. Merry Christmas!

 

 

 

Your Guide to Voting in Colorado

• Voter Registration: To vote in the state of Colorado, you must be registered to vote 29 days before the election – October 6th is the deadline for the November election. It is important to verify your registration prior to the election. You can visit the Colorado Secretary of State’s website or contact your county.
• Voter Eligibility: To be eligible to vote in Colorado, you must be 18 years old on election day, be a United States citizen, and have lived in Colorado for at least 30 days.
• Early Voting: It is possible to vote early in Colorado. For more information, check your county clerk’s website. 
• Absentee Ballot: You must request an absentee ballot in writing and send it to your county clerk.
• Voting Locations and other important information:
  • Click here for voting locations in Douglas County. 
  • Click here for voting locations in Denver County.
  • Click here for voting information in Arapahoe County.
  • Click here for voting information in Jefferson County.

For information regarding how the upcoming election’s amendments and candidates will affect the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.

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Rueter-Hess Reservoir Brightens Parker’s Already Vivid Future

Rueter-Hess Reservoir will add to Parker's recreational opportunities while boasting its water supply

TeamCox Realtors often recommends Parker, Colorado, to our homebuyers since the southern Denver suburb appeals to almost everyone – first time buyers to young families to empty nesters. The charming town and its surrounding neighborhoods offer a unique blend of small-town charm blended with the conveniences of being near a large city.

Yesterday’s Denver Post featured an article about the future Rueter-Hess Reservoir, slated to be 50 percent larger than the Cherry Creek Reservoir, which is under construction near Parker. This reservoir brightens Parker’s already vivid future, since it will add to the area’s existing charm and recreational opportunities, while boasting its water supply. Planning for the reservoir began in 1985, as the Parker Water and Sanitation District sought to improve its long-term water supply.

Projected to be completed in 2011, the  Rueter-Hess Reservoir will provide water to the Town of Parker, in addition to surrounding Douglas County areas, including Stonegate, Castle Pines North and Castle Rock. While the recreation plans for the reservoir haven’t been finalized, there are plans to include fishing and non-motorized boating, including canoes and rowboats. In addition, approximately 2,000 acres of land will be set aside for wildlife, hiking, and biking trails.

Are you thinking about moving to the Parker area? TeamCox Realtors has extensive knowledge of the Parker real estate market, so please free to contact us at 303-400-6060.

 

Landscaping Helps Homes Stand Out in Tight Denver Real Estate Market

Landscaping projects help but sellers shouldn't go overboard with costly outdoor projects

It’s amazing what a few flowers will do for a home’s appeal! In a tight Denver real estate market, every extra thing that a seller can do to help his home stand out from the glut of unsold homes will help. At TeamCox Realtors, we advise our clients that their house must be in top-notch condition for a quick sale. We are currently listing two beautiful homes that are in pristine showing condition. Their overall appeal to buyers is helping them stand out in a competitive market. 

 

During the spring and summer months, a home’s landscaping is especially important in a tight real estate market. A very informative article, "Outdoor Attraction" by Christian Toto, appeared in The Denver Post over the weekend. It examines the impact of a home’s landscaping on its salability. The article reveals that sellers are increasing their landscaping budgets as the housing market tightens. It brings up a very important point, though. While landscaping projects can help sell a home, it is important not to go overboard on outdoor projects, or you won’t see a solid return on your investment. This is a great point since kitchen and bathroom improvements often yield a higher return than landscaping.

 

While the article mentions installing costly concrete stamped patios or outdoor entertaining areas (keep in mind that a concrete stampled patio can cost up to $10,000), there are more simple things that a homeowner can do to improve the overall curb appeal to his or her home. For starters, try planting some colorful flowerbeds (tulips are beautiful in the spring!) or some new sod to patch up those problem areas. Trees are also a good investment since they are not only attractive, but provide shaded areas that might even eventually improve a home’s energy efficiency.

 

For more information on getting your home ready to sell in a tight Denver housing market, please contact TeamCox Realtors at 303-400-6060. We will help your home stand out from the crowd!

 

 

Don’t Miss the Premier Edition of TeamCox’s Real Estate Video Newsletter!

Our new video newsletter is packed with valuable information on the Denver and national real estate markets

TeamCox Realtors is proud to debut its new video newsletter! This newsletter is updated regularly with valuable information regarding the state of the Denver real estate market, the national housing market, mortgage advice, and much more! It is our hope that you will find this new tool useful while searching for your new Denver home.

Click Here to View TeamCox’s Video Newsletter

For more information on the state of the Denver housing market or to comment on our video newsletter, please contact TeamCox Realtors at 303-400-6060.

Denver Real Estate Market ~ Foreclosure Update

Denver Happily Relinquishes Top Spot in Number of Foreclosures

Since the lofty number of foreclosures has been plaguing both the Denver and national real estate markets for the past year, TeamCox Realtors constantly monitors foreclosure numbers and trends. There is good and bad news on the Denver foreclosure front:

The Good News: Thankfully, the Denver metro area is quickly loosing ground in the rankings that measure the number of foreclosures among 100 metropolitan areas. According to a recent report from RealtyTrac, the Denver metro area (including Denver and Aurora) posted the ninth-highest foreclosure rate in the country in 2007.

While this ranking is hardly material for the Denver Chamber of Commerce brochure, the good news is that this ninth position is actually a bit of relief since Denver had the highest rate of foreclosures in 2006, a time when other real estate markets were flourishing. Denver happily relinquishes its top spot to Detroit, Michigan, Stockton, California, and Las Vegas, Nevada. Since Denver saw an increasing number of foreclosures prior to many other parts of the country, there is hope that the Denver real estate market will also see a housing rebound first. 

The Bad News: Despite the lower ranking, according to a recent article in The Denver Post, the number of foreclosures in the Denver metro area still increased 28% in 2007.

For more information on the state of the Denver real estate market, please contact TeamCox Realtors.

Denver, Colorado is a Buyer’s Paradise!

Ten Great Reasons to Buy a Denver Home in 2008

1. Selection, Selection, Selection. There are approximately 23,000 homes for sale in the greater Denver real estate market. There are homes in every buyer’s price range with plenty of inventory including single family homes, condos, townhomes, urban, suburban, etc.
2. Fewer Multiple Offers.  If you have ever been in a market where your offer was one of several, giving the seller  the right to pick and choose, this simply is not the case in the current Denver market. Although good homes will still sell quickly if priced correctly, it is very unlikely that your offer will have any competition.
3. Make An Offer. In a seller’s market, your offer had to be full asking price or more  In today’s Denver housing market, the ratio averages 96% of the listed price to the sales price. If the home has been on the market for an extended period of time, the ratio will tilt even further in the favor of the buyer. Most sellers will not be insulted by any reasonable offer.
4. Taking Your Time Is Okay.  When the market is hot, a buyer must be ready make a snap decision. When you found a home that might work, you had to write a full price offer on the spot. However, in today’s market you can more slowly while scrutinizing the available homes and taking the time to fully consider each home’s condition and location. 
5. A Thorough Evaluation. In order make a competitive offer in a hot market, it is not uncommon for a buyer to waive their right to a house inspection, a sewer inspection, an appraisal or even noted house repairs. The seller is king.  This market has a certain degree of calmness and a chance for the buyer to perform complete and competent due diligence.
6. Builder’s Inventory: While the inventory of new homes is certainly not what it has been, if there is a new home in inventory that meets your needs, the builder will do whatever it takes to accommodate a buyer’s wishes including upgrades, changes to the finishes, or even a basement finish.  If it is in inventory, the builder needs to move it
7. You Want What? In a hot market, the home might be sold “as is”.  This market has most sellers willing to fix any reasonably repairable requests. 
8. Little Competition from Investors. While we do see some presence of   investors returning to the Denver market, they are not yet here in large numbers.  Today’s buyer is usually a relocating family or a family with changing needs.
9. Location, Location, Location.  Moving closer in. As Denver has grown and urban sprawl developed, many buyers had no choice but to follow the sprawl and move further out.  We are now working with a few of these buyers who wish to be closer to work, the theatre, restaurants or the new Denver light rail system
10. Real Money Is Available.  The “funny money" that many lenders had gotten into the habit of offering is no longer around. The No Doc, Low Doc, Gee-You-Are-Breathing-Have-I-Got-a-Deal-For-You money is gone.  For buyers with good credit who plan to repay their debt will have no problem getting financed.  Heck, a lot of that easy stuff was for the convenience of the lender.  No Doc meant just that—no work on the lender’s part.  What’s wrong with a 30-year fixed or an FHA loan?  It’s probably in your best interest!

For straightforward answers to all of your Denver real estate questions, please give a TeamCox member a call today at 303-400-6060!

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