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 new Active Detached Single Family homes added to the ten county greater Denver metro area, for the month of August 2018, was 4,681 which is a 4% increase over last month as well as a 4% increase over last year at this time. The number of condos and townhomes that were listed was 2,007. Combined, the total number of Active listings of homes continued to increase, month over month and now sit at 8,363, which is 30% higher than this time last year. Those figures reflect 7 weeks worth of inventory. A normal market would require that there be 24,774 Active units, which averages a six month supply. On average, the number of days on market for August was 33, four more than the month of July, 2018.
Average home prices saw a decrease for the second consecutive month. In August, the average sale price of a single family home was $473,115, which was 1% lower than in July. However, compared to prices in August of 2017, the average sold price is up 9%. The average price of a condo/townhome was also up 9% from last year and is currently $345,674. The $300-$400,000 price range continues to have the most home sales and new listings; however, activity in this range has seen continued slowing, while activity in the $400-$500,000 range has gained momentum. The median sold price in August was $408,000.
Some good news for Buyers: For Buyers, there is some good news, with inventory up. The need to bid way over asking, remove your right for an inspection, or the need to waive your appraisal requirements, is gone. Homes are sitting on the market a little longer and there are fewer instances where there are multiple offers. Interest rates however, have ticked up, so besides home prices going up, so is the rate you need to pay on your loan. If you have been sitting on the fence, now is a great time to buy, while interest rates are still in the 5% range and prices and competition have leveled off.
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.