THANK YOU DENVER REAL ESTATE BUYERS
THANK YOU. I want to personally thank you, as a prospective Metro Denver real estate buyer or seller, for using my website to hopefully achieve some of your real estate goals. As the co-owner of Sterling Real Estate, I work tirelessly to provide my clients with a level of service that goes well beyond their expectations. Besides being the Top Producer in Sales within the office, I also take the time to provide instruction and guidance to the many agents who work at Sterling. I am familiar with nearly every community throughout the Denver Metro area, whether it be Aurora, Littleton, Commerce City, Parker or Highlands Ranch. My many years of experience in the real estate industry, provide me with the knowledge and expertise to effectively represent any home buyer or seller throughout the entire real estate process.
Denver Colorado Home Trends
Seller Trends: The number of Active Detached Single Family homes declined to 4,746 which is a decrease of over 11% over the previous month. Condos and townhomes also decreased 8.5% from September to October bringing the count to 1,392. Combined, the total number of Active Properties for the month of October was down to 6,138. Much of this decrease can be attributed to the seasonal plateau we normally see in the Denver Metro area. However, demand is still high considering a balanced market representing a six month supply would require that there be 29,850 Active units.
Prices are staying steady with the average sold price for detached homes at $442,901. There has been a slight increase of attached homes which is now hovering around $288,345. However lower end homes (under $350,000) are still increasing at an average of 10% per year. Homes priced over $500,000 appear to be decreasing slightly as of late. With regard to Days on Market, you'll find that single family homes are averaging 34 Days and detached homes are averaging only 30 Days. Keep in mind when pricing your home, to make sure to keep up with the rising prices, but not price it too high, or there is a chance your home will not sell. Make sure you hire a licensed Realtor who is familiar with the market and with your specific area to make your real estate experience a positive one.
Not much good news for Buyers: For Buyers, besides having to compete with multiple offers on most properties, interest rates are starting to tick up since the election of President Elect Donald J. Trump. If you have a decent credit score, interest rates are hovering slightly above 4.1% for Conventional and 3.5% for FHA and VA financing. However, as a buyer, you will need to act quickly if you see a home that you really like. Since inventory is still tight for homes under $350,000, the days of multiple offers, some over asking are still typical. The competition for condos and townhomes, under $250,000 is still really crazy, but if you can get into a place, your total payment should be much less than rent. Closings are still being scheduled approximately 45 days out, due to the length of time it takes to get an appraisal completed. However, with rates ticking up, the numbers of people wanting to refinance may start to slow down, giving Buyers the opportunity to close sooner. If you have a closing date in mind, you may still want to start looking 75-90 days out from your anticipated closing date, in order to get into your new home as planned, as you may have to submit several offers, before getting one accepted.
SELLER REPRESENTATION. I love selling homes. I enjoy preparing a home and getting it ready to sell quickly and for the best possible price. My "Sterling Service Guaranty" includes items such as professional staging, an in-depth market analysis, color flyers, virtual tours, open house campaigns, Showcased Listings on Realtor.com, just to name a few. I also can provide you with names of reliable and competent vendors, for those remodeling jobs that may need to get done, or even small ones, you simply don't want to do yourself. Another part of my service, that sets me apart from so many others, is that I make sure the home is professionally cleaned prior to putting it on the market, as well as once you've moved out, so you can just think about the exciting move ahead of you!
BUYER REPRESENTATION. My goal is to provide my buyers with friendly, knowledgeable and personal service. Whether you are interested in purchasing a HUD home, a foreclosure or short sale, a newly constructed home or a traditionally marketed home, I can help. My experience provides me with a comprehensive understanding of the various neighborhoods and the market conditions within those areas. I can then knowledgeably relay that inside information to my buyers, making their buying experience a pleasant and informative one.
SELF-DIRECTED IRA'S. Besides owning several rental properties personally in my IRA and using my IRA to purchase homes that I "fixed and flipped", I have also represented numerous clients with the purchase of property through their Self-Directed IRA's. Using the funds out of your IRA to purchase either rental properties or fix and flips is an investment strategy that not many people know about. The reason is simple, most brokerage houses, bankers, financial planners, etc., are not allowed to perform these transactions, so are not informing their clients of this opportunity. To take advantage of this tax deferred investment, there are numerous guidelines that must be adhered to. I have experienced first hand what needs to be done as both a buyer, seller and Realtor. If you are tired of the risk involved in the stock market or the nearly non-existent interest earned in CD's, owning real estate through your self-directed IRA can be a fabulous investment alternative. Please feel free to contact me to see how this can benefit you and how my relationships with general contractors, property management companies and New Direction IRA. Inc., a local leading provider of Self Directed IRA's since 2003 can make this a simple and successful investment for you. Please feel free to call or email me for additional information, or click on this link at: http://www.newdirectionira.com to learn more about self-directed IRA's and to find out when their next webinar will be offered.
STERLING REAL ESTATE GROUP is an independently owned real estate firm located in Lakewood, Colorado. I, along with many of the other Sterling real estate brokers, bring years of experience in real estate, business and customer service. Our focus is on the purchase and sale of residential and investment (fix & flip) properties as well as guiding investors through the process of purchasing properties through their self-directed IRA's. As the owner of Sterling Real Estate, my goal is simple: To provide superior service to my clients while promoting a positive atmosphere for the agents associated with Sterling Real Estate.
SPECTRA MORTGAGE. Besides having a competent real estate agent to help guide you through the home buying process, the next most important person throughout the transaction is a lender. Spectra Mortgage is a highly specialized boutique firm that was founded with the philosophy that a mortgage company should provide sound financial advice in the area of mortgage financing and that the people providing this service should be professionals. They believe that the key attributes that distinguish Spectra Mortgage from the others are Financial Expertise, Integrity, and Service. Founded by Wayne Tucker, CPA, Spectra Mortgage originates loans and provides mortgage services throughout Colorado. For additional information check out their website at: www.spectramortgage.com.