Denver-Real-Estate-Blog

Denver Real Estate Market Needs Sellers!!

2012-01-25T12:55:00.000-08:00

CBS Denver reports that in some price ranges, Denver housing inventory is down by as much as 36% from the levels at the same time last year. Thinking of selling? This may be a great chance!

READ FULL ARTICLE HERE!

Boulder Is #1 of Top 10 Housing Markets Nationally - MSN Reports

2011-11-09T15:12:00.001-08:00

Nearly 60% of Homes In Boulder Have Increasing Property Values, According To MSN's '10 Strongest Housing Markets' Report

"Boulder, about 35 miles northwest of Denver, has had a relatively stable housing market, in part, because it is home to strong employers, including the University of Colorado, as well as a base of affluent residents. The supply of homes is limited in Boulder by the mountains to the west and its tens of thousands of acres of protected open space...."

Now Under Contract!

2011-10-07T13:16:00.001-07:00

Another NW Denver Home - Contract Pending!

ADORABLE HIGHLANDS BUNGALOW - NOW UNDER CONTRACT!

2011-08-24T09:19:00.000-07:00

3129 W. 25th Avenue

Mid-Century Between Sloans Lake & Highlands

2011-08-11T20:08:00.000-07:00

2749 Vrain Street Denver CO 80212
Just Listed at $459,900!

Here Is A Sneak Peak At This Charming Ranch - Just 2 Blocks North Of Sloan's Lake Park!

Broker Open - Wednesday Aug. 3rd!

2011-08-02T21:00:00.000-07:00

BROKER OPEN: 3129 w. 25th Avenue Denver, CO 80211
Stop By For Lunch 11:30 am - 1:30 pm

Brokers, Join Us At This Charming Highlands Home Wed. Aug. 3rd Between 11:30 And 1:30. Share Your Feedback, And Enjoy Lunch - Catered By A Highlands Favorite, Coral Room. Call Kari At (303) 909-0906 For Any Details Or Directions!

On the menu: BLT Wraps, Tomato & Mozzarella Paninis, Fresh Baked Chocolate Chip Cookies & More!

Denver Is Fastest Selling Market In The US?!? - The Denver Post Reports

2011-06-23T10:48:00.000-07:00

Quoted from the Denver Post Article...

"This may come as a shock to people struggling to sell their homes in the Denver area, as well as Realtors listing homes, but in May, homes on average sold faster in Denver than any place in the nation, according to an analysis of 146 metropolitan areas tracked by Realtor.com.

May marked the second consecutive month that Denver had the boasting rights as the No. 1 metropolitan area for home sales speed in the country, according to Realtor.com, which is owned by the National Association of Realtors.

The Realtor.com report shows that it took only an average of 39 days to sell a home in the Denver area in May. That is 11.4 percent faster than the 44 days it took in April."

Amazing Highlands Bungalow!

2011-06-02T13:23:00.001-07:00

For Sale $339,900!
3129 W. 25th Avenue Denver, CO 80211
Exclusively Marketed By Kari Wisenbaker - Keller Williams Realty Downtown

Adorable NW Denver Bungalow- Near Highlands Square & Sloans Lake! Features Include Large Master w/Two Closets, Lots Of Living Space, Over-sized Three Car Garage + 1 Off-Street Space, And Fabulous Outdoor Space.

VIEW VIRTUAL TOUR HERE

Park Front Home In Ken-Caryl Valley!

2011-05-25T21:00:00.001-07:00

Amazing Park-Front Home Offered At $489,900
15 Mountain Oak Littleton, CO 80127
Exclusively Marketed By Kari Wisenbaker - Keller Williams Realty Downtown

This beautiful 4 Bed/4 Bath Village home has the perfect Ken-Caryl Valley location and all the upgrades. Sought-after lot facing Heirloom Park, and positioned at the end of a quiet cul-de-sac. Among the features are a completely remodeled kitchen, top of the line appliances, tile & hardwoods throughout, new master bath and finished basement large enough for a media room or additional bedroom. Best block in Heirloom!

CLICK BELOW FOR A VIRTUAL TOUR!

What Would A Government Shutdown Mean For Housing?

2011-04-08T07:30:00.000-07:00

The National Association of Realtors put out this summary - which tries to estimate the functions of various government programs in a Government Shut Down scenario. This is specifically written to discuss the impact to Real Estate programs and Housing. (Source: NAR)

What a Government Shutdown Means for REALTORS®

(April 5, 2011)

The current continuing resolution (CR) providing funding for government operations is set to expire on April 8, 2011. If legislation providing for funding is not signed into law to extend funding after April 8, the federal government could shut down. This means many, but not all, government programs, including some that impact federal housing and mortgage programs, could grind to a halt as early as April 9, 2011. While the true impact of a shutdown is unclear until it actually begins below is a synopsis of how federal housing programs will likely operate in the event of a shutdown. The Office of Management and Budget (OMB) requires each agency to have contingency plans in place and reportedly has instructed agencies to not provide specific information on impacted operations.

Federal Housing Administration

FHA cannot offer endorsements for any new loans in the Single Family Program and cannot make commitments in the Multi-family Program in the event of a shutdown. FHA will maintain operational activities including paying claims and collecting premiums. Management & Marketing (M&M) Contractors managing the REO portfolio can continue to operate.

VA Loan Guaranty Program

Lenders may continue to process and guaranty mortgages through the Loan Guaranty program in the event of a government shutdown.

Internal Revenue Service (IRS)

Should the federal government shut down, the IRS cannot process federal income tax returns or issue refunds (but it can deposit tax payments). Consumers who were expecting to use their tax returns as part of the down payment for a home purchase will temporarily not have access to these refunds.

Flood Insurance

The Federal Emergency Management Agency (FEMA) confirmed that the National Flood Insurance Program (NFIP) will not be impacted by a government shutdown.

Rural Housing Programs

For the US Department of Agriculture programs, essential personnel working during a shutdown do not include field office staff who typically issue conditional commitments, loan note guarantees, and modification approvals. Thus, lender will not receive approvals during the shutdown. If the lender has already received a conditional commitment from the Rural Development office, then the lender may proceed to close those loans during the shutdown. A conditional commitment, which is good for 90 days, is given to a lender once a USDA Underwriter approves the loan. If a commitment was already issued, the funds were already set aside and the lender may close the loan at its leisure. If Rural Development has not issued a conditional commitment, the lender must wait until funding legislation is enacted before closing a loan.

Government Sponsored Enterprises

Fannie Mae and Freddie Mac will continue operating normally, as will their regulator, the Federal Housing Finance Agency.

Treasury

No official word as of yet, but the Making Home Affordable program, including HAMP and HAFA, may not be affected as the program is funded through the Emergency Economic Stabilization Act which is mandatory spending not discretionary.

Background Information on Government Shutdown

HJ Res. 48 extends the Continuing Appropriations Act, 2011 (Public Law 112-6) to April 8, 2011. If another continuing resolution (CR) or budget is not signed into law, the federal government could shut down on April 9, 2011. This requires the furlough of non-emergency personnel and the curtailment of federal agency activities. Federal contractors cannot be paid. Programs funded by annual appropriations are directly impacted though programs funded by laws other than appropriations (such as Social Security) may also be impacted. The last government shutdown occurred during fiscal year (FY) 1996 and lasted 21 days, from December 16, 1995 through January 6, 1996.

The Antideficiency Act is the primary law preventing government activity when no budget or CR is enacted. The act, found in 31 U.S.C., prohibits:

Making or authorizing an expenditure from, or creating or authorizing an obligation under, any appropriation or fund in excess of the amount available in the appropriation or fund unless authorized by law.
Involving the government in any obligation to pay money before funds have been appropriated, unless otherwise allowed by law.

Accepting voluntary services for the United States, or employing personal services not authorized by law, except in cases of emergency involving the safety of human life or the protection of property.

Making obligations or expenditures in excess of an apportionment or reapportionment, or in excess of the amount permitted by agency regulations

Basically, the government may not make payments or commitments unless there is enough money in the bank. According to the US Office of Personnel Management, an agency must shut down activities not excepted by the US Office of Management and Budget (OMB) when it no longer has the funds to operate. OPM recommends that agencies 1) communicate with employees and representatives about a potential shutdown, 2) prepare draft furlough notices, and 3) determine which positions are excepted from the furlough according to OMB guidance.

Federal agencies have been required to complete contingency plans since 1980. OMB has three different bulletins that agencies may reference in the development of their shutdown plans. Plans must include, among other things, estimated time to complete a shutdown and the number of employees to be excepted. The President, Members of Congress, presidential appointees, certain legislative branch employees, and federal excepted employees are not subject to the furlough.

Sources

House Resolution 3082, “An Act making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2010, and for other purposes.” http://www.gpo.gov/fdsys/pkg/BILLS-111hr3082eas2/pdf/BILLS-111hr3082eas2.pdf

Antideficiency Act Background. US Government Accountability Office. http://gao.gov/ada/antideficiency.htm

Guidance and Information on Furloughs. US Office of Personnel Management. http://www.opm.gov/furlough/furlough.asp

Tax Tips For New Homeowners

2011-03-08T19:29:00.000-08:00

With tax time just around the corner, it's a great time to look back at your year and evaluate any changes in your tax situation. For anyone who purchased a home in 2010, the changes could be welcome ones!

Nothing is more valuable at tax time than a trusted accountant, and everyone's tax situation is unique, so please do not take any of the information here as direct advice - but here are a few things to consider if you purchased a home in 2010...

1. One word: Interest. This might become your favorite word during tax season! All that interest you pay on your mortgage just might pay you back in the form of a welcome tax deduction.

2. If you purchased a home in 2010, you may be able to write off your closing costs! These typically qualify as deductible expenses (even if the Seller paid them on your behalf!)

3. For Investors: Remember to track the repairs and maintenance expenses on your property, as these costs will typically qualify as deductions for investment properties. This includes HOA fees in many cases if your investment property has association dues!

4. For Non-Investors: It's still important to track your expenses... even for your primary residence. Any permanent improvement to the property could mean tax breaks down the road (when you eventually sell your property and you are determining your tax basis). Just think how happy you will be when that day comes... and use it as a reminder to keep good records NOW!

Always consult with a CPA for tax-related questions.

Rebates for Denver Homeowners!

2011-02-02T14:25:00.000-08:00

Planning some home improvements that will make your home more efficient? Installing a low-flush toilet? How about a rain sensor on your new sprinkler system this spring? If so, you may have a rebate in your future! Denver Water is accepting applications for rebates for a number of products (both indoor and outdoor) in 2011.

Keep in mind, you must provide receipts, and you must submit no more than 90 days following your purchase. You can find more details on which consumer products qualify for the rebates, as well as the formal application at the Denver Water website Click Here.

Renting vs. Buying

2011-02-01T07:42:00.000-08:00

Real Estate Website, Trulia.com just published a great study on the affordability of renting vs. buying in various cities across the U.S. Denver, so you know, is ranked as 'affordable to buy'. Click on the link below to link to their interactive map - showing the results of all the major cities they studied!

For your own Rent Vs. Buy Analysis, check out our Rent Vs. Buy Calculator HERE!

Wondering What To Expect With Mortgages in 2011? Read On...

2011-01-17T07:58:00.000-08:00

Mortgage Updates for 2011 Leading financial experts suggest that borrowers should apply for a new mortgage loan, or refinance their home loan when the time is right for their individual needs, rather than attempt to time the market. While risk takers may be enthusiastic about waiting until the last minute to lock in a low mortgage interest rate, most homeowners and homebuyers prefer to observe general mortgage market trends and focus more intently on their own finances. Predicting a specific mortgage rate for a particular time is pretty nearly impossible, but real estate market observers have identified a few trends that they anticipate will impact the mortgage market in 2011:

1. Mortgage rates will slowly rise throughout the year.
The Mortgage Bankers Association (MBA) anticipates that rates will rise slightly in 2011, hovering around 5% and increasing to about 6% in 2012. While any increase in mortgage rates is unwelcome to homeowners who want to refinance or to buyers, a 5% mortgage rate is still historically in the low range of interest rates.

2. Mortgage applications for a home purchase will become a greater part of the market.
The MBA predicts that stabilizing home prices and modest increases in home sales will increase the number of applications for a mortgage for a home purchase.

3. Jumbo loan mortgages will be more attractive. In 2009 and earlier in 2010, mortgage rates for jumbo loans (loans over $417,000 in most housing markets and above $729,750 in high-cost housing markets) were far higher than mortgage rates for conforming loans. The higher rates prevented homeowners from refinancing and kept some purchasers out of the market for more expensive homes. In the Q4 of 2010, mortgage rates on jumbo loans decreased, which will likely spur refinancing applications and purchase applications for the high-end housing market.

FYI: Bank of Commerce Mortgage offers 30 year fixed rate loans with:

20% down (80% loan to value) for loan amounts to $1 million
25% down (75% loan to value) for loan amounts to $1.5 million
30% down (70% loan to value) for loan amounts to $2 million.

4. The down payment requirements for conventional financing will be loosening up in the near future. FHA needs some breathing room and we anticipate PMI companies will allow a 97% loan to value (3% down payment) again for well-qualified buyers.

5. Requirements on gifts for down payments are changing. On loan amounts above $417,000 buyers will now be required to contribute a minimum of 5%, the remaining down payment can come from a gift. If the loan amount is under $417,000 the old rules still apply allowing a buyer to receive a gift for 100% of the down payment and contribute nothing with a minimum 20% down payment.

The Bottom Line While these general mortgage trends may impact the real estate market overall, each homeowner or buyer considering applying for a mortgage should meet with a lender to determine the cost and availability of a loan that meets his or her needs.

Calvin Cox

303-544-0600

calvin@bankofcommercemortgage.com

Published with permission from Bank Of Commerce

Denver Home Sales in 2010... Volume Down While Prices Increased

2011-01-11T14:23:00.000-08:00

Denver Post Reports Uplifting Facts on Denver Real Estate Values

Contrary to what the media may have you thinking... here is an uplifting report about values in Denver. Not only have home values increased (despite volume dropping), but CONDO prices seem to have stayed more stable than would have been apparent this year.

Read the Full Article on the Denver Post Site Here:

READ DENVER POST ARTICLE HERE

Christmas Tree Disposal in Denver - Starts TODAY!

2011-01-03T08:35:00.000-08:00

Don't trash that Christmas tree after the holidays

Recycle your tree with Denver Recycles!

Your Christmas tree gave you so much joy during the holidays, now give it a second life and recycle it with Denver Recycles’ Treecycle program. Denver Public Works Solid Waste Management will be collecting Christmas trees for recycling starting Monday, January 3rd. All Denver residents whose trash is collected by Denver Public Works Solid Waste Management may participate.

Favorite Homes of 2010

2010-12-20T11:41:00.000-08:00

Reflecting back on 2010, there are so many Clients to thank for a wonderfully successful and rewarding year... to each and every one of you - thank you for your business! Here is a look back on the year, along with highlights from some of the many Buyers & Sellers I had the pleasure of working with...

Favorite Buyer Sale

Buyer, Kristi - Sloans Lake
This purchase was a long time in the making. Kristi had seen this duplex several times, and though it had everything she wanted (and more!), there were some challenges holding her back... a funky lot line, shared garage and party wall problems. Working together with the Seller, we were able to overcome all of these issues and she ended up with a WONDERFUL new home in a promising investment area. Congratulations, and thanks for your business and your creative, problem-solving approach!

Favorite Seller Sale

Seller, Chris - Littleton
Not only was Chris an absolute pleasure to work with - but he was also amazing to work with during a very difficult market! Despite doing EVERYTHING right, Chris had a long road to the closing table. This home was in perfect condition, staged, and just happened to be in an area that was hit pretty hard with distressed properties. Chris hung in there with me, and we were able to get him closed just in time for him to close on the home of his dreams - a new Loft in the heart of Downtown. Thanks for sticking with me, and for having such a positive attitude. Congratulations on your Sale!

Best 'Fit-For-The-Client' Deal

Buyer, Brent - Highlands

Talk about being patient! Brent must have looked at 100 homes in this area, and had several opportunities that just didn't go his way. Rather than giving up, he continued to believe that the right home was out there - and all his waiting led him to this beautiful single family home in a newer part of Highlands! He found a wonderful new home that fit his needs, he made no sacrifice on location, and we wish him many happy years in his new home. Congratulations, and thanks for sticking with your home search through thick and thin!

Favorite Investor Purchase

Buyer, Russell - Wheat Ridge
Now here is a Buyer with some vision! Russell had big renovation plans, and searched on and off for many months (and in many different areas). He finally decided on a charming mid-century brick home just outside of the popular Highlands neighborhood - and one that had some fantastic potential! I know it is still a work in progress, but first on his list were landscaping/curb appeal as well as a major kitchen remodel. Can't wait to see the 'after'!! Congratulations, Russell - and best wishes!

Most Charming Home

Buyers, Tara & Levi - Highlands
This purchase was a true Highlands Gem! Located in the 'Harkness Heights' neighborhood, this bungalow oozes charm from the moment you walk in the door. The perfect mix of original details and modern amenities, this home is a poster child for why Buyers fall in love with NW Denver. From the private yard to the sunken kitchen... the media room to the master suite... the hardwood floor detailing to the exposed brick - this home would leave any visitor envious. It was truly a pleasure working with each of you - and congratulations on your new place!

Favorite First Time Home Buyer Purchase

Buyers Devin & Rachel - NW Denver
Now what first time home buyer wouldn't be thrilled with this as their first kitchen?!? Devin & Rachel landed this adorable 1/2 duplex in Highlands, and it is completely remodeled (literally from top-to-bottom, or new-roof to finished basement). Working with First Time Home Buyers is so fun and rewarding - and this was the perfect example. These Buyers looked at this home and had the keys in their hands just about a month after beginning their search. Congratulations on your first home, and may 2011 bring you many blessings!!

Favorite Suburban Home Purchase

Buyers, Joe & Peggy - Old Littleton

This for-sale-by-owner home came with some wonderful features... including a huge park-like backyard, a totally remodeled kitchen, and a location near the heart of Old Littleton! Joe & Peggy were also on the receiving end of some nice repairs as a part of their inspection negotiation... which was a wonderful bonus! We thank you so much for your business, and hope you are enjoying all the space you have in your new suburban home!

Favorite Closing

Buyers, Zack & Monica - Edgewater
This home in Edgewater provided quite the education on Flood Insurance, and there were times when we weren't sure this deal would close! After learning more than they ever wanted to know the subject (and after we successfully removed the home from FEMA's flood map!) Zack & Monica and their adorable family are the proud new owners of this totally renovated home. They secured an amazing price, too - by sticking to their guns during a grueling negotiation. They are now the lucky owners of a beautiful home in a family friendly neighborhood - walking distance to many shops & restaurants. Congratulations on a successful closing, and thanks for your business!

With so many wonderful clients, it was hard to stop here, but to those of you who I didn't mention, know that I am truly thankful for the opportunity to help you in 2010 - and I hope to work with you all again in the future! Congratulations on your 'piece' of Denver Real Estate, and Happy New Year!

Calling All Denver Real Estate Investors...

2010-12-17T07:46:00.000-08:00

Real estate investing has become a popular interest - and for some, it's a full time job! If you are considering adding some real estate to your investment portfolio, you may have an endless list of questions to consider. What is a cap-rate? What is a good cap-rate in MY area? What kind of cash-on-cash return is possible? What should I be looking for as I consider whether a property will 'cash flow' or not? Even once you identify an opportunity (and that is half the battle!), there are questions like 'how do I decide whether to use a property management company or do-it-myself?' Where can I get advice on leases, and should I consider incorporating my business? It can quickly become overwhelming...

Getting into the game of real estate investing can be extremely rewarding, but this is a time when your research will reward you - BIG time. We have a number of books, websites and resources for investors (helpful for everyone from those just starting out - to those who are looking for some advanced help with their investment decisions).

CONTACT US, and request a copy of our Investor E-Pack for additional information & we will be happy to help you get started (or continue down the investment path)!

In the meantime, if you'd like to browse some income properties in the Denver area, consider using Loopnet.com. This internet resource is an amazing source for leads, and your Realtor can follow up on properties that you'd like more information about.

Flood Insurance in Denver?!?

2010-11-18T07:23:00.001-08:00

Buyers in Colorado may be surprised to discover that lenders will require Flood Insurance for some parts of our land-locked state, based on FEMA flood maps.

If Buyers are not aware of this requirement upfront, it can cause major closing delays, and even cost them the deal. Flood insurance rates are regulated through a government program, but can be quite expensive depending on the flood zone of the property.

We know some insurance companies who offer private policies that can help make this insurance more affordable. In addition,we just assisted a Buyer with the process of having a property removed from FEMA's flood plain! That's right - by having a specific type of survey done and using a surveyor who had some knowledge of FEMA's process, we were able to remove the lender's requirement for flood insurance altogether.

Don't drown in your Flood Insurance woes! We can help! Contact us for more information.

Buying A Foreclosure In Denver

2010-11-16T06:43:00.000-08:00

If you are on the hunt for an REO or Foreclosure in Denver, you have probably seen the terms 'Homepath' or 'Homepath Financing' as you browse property descriptions. Like many others, you may find yourself confused by all the foreclosure jargon... wondering what all these terms mean. Homepath.com is Fannie Mae's public website - which gives Buyers the ability to search for homes using their own unique criteria... similar to how Buyers use other real estate websites like Zillow and Trulia. Visit Fannie Mae's Homepath website by clicking on 'FannieMae' below.

The Homepath website will only list those REO homes which are Fannie Mae affiliated, so it is not (by any means) an exhaustive list of foreclosures, but it can be a great source for finding opportunities, and an easy place to start. If you are searching for foreclosures - we can help! Contact us to receive customized email searches including the newest foreclosure listings.

Top 5 Things To Consider When Buying A Condo

2010-11-14T11:45:00.001-08:00

Lots of Buyers in Denver are uncovering 'deals' that resulted from the housing down-turn. For many, they are considering new types of investment opportunities - particularly condos. If you find yourself considering a condo as an investment - read this first!

Condos can make a wonderful investment, but there is research that must be done to ensure that you avoid some common pit-falls. Every condo community has a unique story to tell, and each Homeowners Association (or HOA) should be thoroughly investigated. Take a look through our 'Top 5 Things to Research When Buying a Condo' list below.

1. Is The Complex FHA Approved?

Even if you are not an FHA buyer - this is something to consider. FHA loans allow a very small percentage down-payment, and for many lower price point buyers, FHA loans are their only option. If your complex is not FHA approved, you may limit the pool of Buyers who could consider your property when you go to sell it.

2. What Is The Ratio of Owner-Occupied Units vs. Rentals?

This statistic is something a simple phone call to the HOA office can reveal. Not only will it have an impact on the FHA approval of the complex, it will also give you an idea of how many rental units exist in the building. Banks consider non-owner occupied units to be 'higher risk'.

3. What Do The Financials of the HOA Look Like?

A homeowners association should have Financial Statements as well as 'Meeting Minutes' from recent HOA meetings available upon request. Take the time to review these in detail! The HOA should have a good amount of cash in their 'reserves' account, to manage any building wide maintenance issues or unexpected expenses that should arise in the future. A lack of 'reserves' may result in unexpected 'Special Assessments' that owners will end up having to pay (on TOP of any monthly or quarterly HOA fee). Make sure that the the reserves are in line with the size of the complex, and that the financial statements are readily available.

4. What Is The Delinquency Rate For The Complex?

The delinquency rate will tell you what percentage of units are behind in paying their HOA fees. This may give you insight into the financial health of the HOA and consequently, the financial health of the owners in the complex. Nothing is worse than having your property depreciate in value because of an overwhelming number of foreclosures or distressed properties in the complex!

5. Is There Any Pending Litigation Which Involves The Complex?

This is another question to ask your HOA contact. Lawsuits against the HOA or against the Builder of a complex can have a real impact on the ability to sell your property! In addition, you will want to be sure of any issues that exist in the complex which resulted in litigation to begin with...

Some other considerations...
Consider searching other sources for information about the condo complex you are investigating as well. Some of our ideas...

Google
Google is your friend. Google the name of the complex... you never know what you'll find!

Craigslist
Do a search for rentals in the complex to get an idea of what units are going for in the rental market

Search the Denver Bedbug Registry
As gross as this may sound, you'd be surprised to read some of the reviews of big condo buildings. Some property management companies are very responsive to this type of problem, and some do nothing... make sure there isn't a reported infestation in the building you are considering!

Denver LeafDrop Program

2010-11-02T12:05:00.000-07:00

Autumn Alert from Denver Recycles

DON’T THROW THOSE LEAVES IN THE TRASH:

DENVER LEAFDROP TO THE RESCUE!

LeafDrop gives residents the opportunity to keep leaves off the street and out of the trash this fall

Denver Recycles’ LeafDrop program will once again provide Denver residents with the opportunity to recycle their leaves this fall. This year’s program adds a Saturday-only drop site and an additional Sunday drop site in southeast Denver.

LeafDrop is an environmentally responsible way to dispose of leaves. Leaves should never be swept into the street because they can clog storm sewers and hamper street sweeping efforts. Keeping leaves out of the trash also reduces the amount of waste in the landfill and “overflow trash” in the fall.

All the leaves collected at the drop sites will be composted over the winter and available for purchase at a deep discount in the spring at the Denver Recycles’ annual Treecycle Mulch Giveaway and LeafDrop Compost Sale. Last year 320 tons of leaves were collected and composted!

What To Do:

Leaves may be brought to the drop-off sites in plastic bags, or even better, in brown paper yard debris bags. Unlike plastic bags, brown paper bags can be composted with your leaves. Many hardware and home improvement stores sell paper yard debris bags. Leaves dropped off on weekdays must be bagged.

On Saturdays and Sundays, leaves can be brought in reusable containers or tarps that we will empty and give back to you. Bagged leaves are also accepted on weekends. It’s important to make sure leaves do not contain branches, trash or other materials.

LEAFDROP DATES AND LOCATIONS:

PLEASE NOTE: Leaves will not be accepted outside of the dates/times below and all sites will be closed on holidays

NEW! SATURDAY DROP-OFF:

Oct. 30, Nov. 6 and Nov. 13, Noon to 4 PM at the Denver Solid Waste Transfer Station located at 7301 E. Jewell Avenue (near Quebec St. & Cherry Creek Drive South).

SUNDAY DROP-OFF: Oct. 31, Nov. 7 and Nov. 14, 10 AM to 3 PM at the following locations:

Denver Solid Waste Transfer Station (SE Denver) – 7301 E. Jewell Ave.

Sloan’s Lake Park (NW Denver) – 17^th Ave. & Sheridan Blvd.

JFK High School (SW Denver) – Newland St. & Brown Pl.

Cranmer Park (East Denver) – 3^rd Ave. & Clermont St.

Smiley Middle School (NE Denver) – 26^th Ave. & Holly St.

South High School (SE Denver) – Louisiana Ave. & Franklin St.

WEEKDAY DROP-OFF: Monday through Friday from Oct. 4 to Dec. 3, 7:00 AM to 2:30 PM, bagged leaves only may be brought to either the Havana Nursery (10450 Smith Rd.) or the Denver Solid Waste Transfer Station (7301 E. Jewell Ave.).

For more information on LeafDrop or to check for extreme weather cancellations, call 3-1-1 or visit www.DenverGov.org/DenverRecycles

Be The Denver Difference! Organize a LeafDrop clean up this fall with your neighbors and work together to gather all the leaves on your block! Working together means more efficient raking and fewer trips to the drop off locations. It’s also an opportunity to help neighbors who can’t do it themselves.

Harkness Heights Charmer -SOLD!

2010-09-19T20:03:00.000-07:00

Home Prices UP?

2010-08-31T17:22:00.001-07:00

Denver home prices up 1.8% in June from 2009, says Case-Shiller Index

This local Denver Business Journal article is a breath of fresh air among national reports.

READ ARTICLE HERE

Home Refinancing Demand At Highest In 15 Months!

2010-08-24T08:08:00.000-07:00

NEW YORK (Reuters) – U.S. mortgage applications leaped last week as rock-bottom interest rates lifted demand for home refinancing to its highest level in 15 months, a development that could portend stronger economic growth.

Home loan refinancing puts extra cash into consumers' hands that can be used to pay off existing debt or funnel money into the economy through extra spending.

By lowering a monthly mortgage payment it may also help some homeowners avoid default and foreclosure if their credit is good enough.

LINK TO FULL ARTICLE HERE

Denver Region Seeing Fewer Price Cuts; Values Up Since March 2009

2010-08-17T22:14:00.000-07:00

This promising article shows some great data about the Denver area, and how well we've fared through this housing market compared to the rest of the nation. Check it out:

LINK TO ZILLOW ARTICLE

The Future of Sloan's Lake!

2010-08-11T11:15:00.000-07:00

Sloans Lake construction has begun - for what will be a drastically improved community park! The following article gives detail on the plans for the park which include improvements to the water quality as well as aesthetic appeal. Completion is set for Spring of 2011 - Read full details below.

Link To Sloans Lake Article

Just Listed in Historic Part of Highlands

2010-08-05T20:10:00.000-07:00

This Harkness Heights beauty is remodeled from top to bottom. Don't miss an opportunity To see this beautiful home! New bamboo floors, totally remodeled baths, top floor master suite, new kitchen includes custom cabinetry, concrete counter tops, stainless appliances - and more. Too many features to list...

Virtual Tour at: www.4142Knox.Info

Despite Foreclosure Rate, Rental Market In Denver Is Going Strong!

2010-07-30T12:26:00.000-07:00

If you've considered owning rental property in Denver, and need a nudge - check out this article from Denver's Business Journal. With interest rates still historically low, how's that for incentive?

We have access to all the latest income-property listings, and would be happy to set up a customized search based on your target areas and price range. Contact us to find out how you can take advantage of this market, and become a landlord yourself!

SOLD - Picture Perfect Victorian In Curtis Park

2010-06-24T11:18:00.001-07:00

Denver Rated 3rd-best City For College Grads!

2010-06-22T10:04:00.000-07:00

Thinking of relocating to the Denver Area? You may want to check out the following article from the Denver Business Journal to help convince you!

This study found Denver to be one of the best job markets for those fresh out of school - while still offering affordable housing. Read More at the following link:

LINK TO ARTICLE

PRICE REDUCED $10K ON MAYFAIR RANCH

2010-06-05T11:59:00.000-07:00

*CONTRACT PENDING*

Visit www.955Fairfax.Info for More Photos

Now Listed for just $323,800 - this home is extremely well priced. This home features 3 large bedrooms, a luxurious master suite complete with walk-in closet, plus a bonus area/study off kitchen, a large backyard, and an attached garage. All this, and it's FULLY REMODELED! Vaulted ceilings, open-concept, stainless steel kitchen & spa-like travertine bathrooms.

FasTracks - Denver Lightrail Maps

2010-06-05T11:45:00.000-07:00

RTD's FasTracks project is bringing public transportation to many parts of our great city, and is a great project to follow if you are considering investing in real estate. Many neighborhoods are affected. Is yours?

Link to the project's homepage below for project progress, maps and all the latest!

LINK TO FASTRACKS WEBSITE

Featured Denver Neighborhood: Highlands

2010-05-19T11:19:00.000-07:00

The Denver Highlands neighborhood is broken into two areas, 'Highland' and 'West Highland' - together 'The Highlands'. Located just a few minutes from Downtown, this neighborhood is full of charm, local-businesses & some of the most popular restaurants, bars and shops in Central Denver!

Have You Seen The Latest 5280??

2010-05-05T15:33:00.000-07:00

Once again, 5280 Magazine has rated the HOTTEST neighborhoods in Denver. Although the list has looked similar in years past, there are some nice changes this year! A few of the surprises....

West Wash Park
West Berkeley/Regis
Jefferson Park
East Sunnyside
West Sloans Lake

Check out the full article HERE!

Shopping For A Fixer-Upper? Consider An Income Property!

2010-04-26T11:16:00.001-07:00

If you are shopping for a fixer-upper, have you considered an income property as an alternative to a traditional home or duplex? Owner-occupied rental properties can usually qualify for lower interest rates, and can provide a nice stream of income for homeowners who are willing to be landlords.

There are a number of properties currently listed in the $240 - 400K range that have anywhere from 2 to 5 separate units! Consider the possibilites of purchasing a home to live in (and rent!) while you fix it up... options include a duplex, triplex, row homes or a single family home that has been converted into separate condos!

urbannestrealty@gmail.com

There Is Still Time For The 2010 Tax Credit - Must Be Under Contract By April 30th

2010-04-16T14:09:00.000-07:00

First Time Homebuyer Purchase In Old Littleton

2010-04-01T19:35:00.000-07:00

Clients Joe & Peggy will have no problem calling this kitchen their own! Their new home features a park-like backyard, huge finished basement, enormous workshop in a fully heated garage, and it's all located just a short stroll from the heart of Downtown Littleton.

Just Listed in Mayfair/Park Hill Area!

2010-03-31T09:58:00.000-07:00

Wall to Wall Remodel ~ Listed At $333,800
955 Fairfax Street, Denver CO 80220

This is a beautiful ranch home with all the modern features Buyers demand! Centrally located just minutes from downtown. View Virtual Tour At: www.955Fairfax.info

3+ Bedrooms / 2 Baths
Master Suite
Stainless Kitchen
Vaulted Ceilings
Modern, Open Layout
Over-sized Bedrooms
Slate / Wood Floors Throughout
Spa-Like Travertine Bathrooms
Huge Master Walk-In Closet
New Furnace
Whole House Humidifier
Central A/C
Large Yard For Entertaining

Sloans Lake Duplex - SOLD!

2010-03-06T08:31:00.000-08:00

Congratulations to client Kristi, who as a first time home buyer closed on this totally remodeled duplex just blocks from Sloans Lake!

Denver Shows Major Signs of Housing Recovery!

2010-02-10T13:49:00.001-08:00

Take a look at this article for some great news about the Denver market!

LINK TO ARTICLE

2010 Home Buyer Tax Credit Extension - ALL THE DETAILS!!

2009-11-10T11:30:00.000-08:00

Following are full details on the 2010 Tax Credit Extension.

Homebuyer Tax Credit Update!

On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time.

To learn what the new tax credit means to you and your clients, take a look at the concise overview below.

TAX CREDIT OVERVIEW

Who Gets What?

First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines?

In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

What are the Income Caps?

The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

What is the Maximum Purchase Price?

Qualifying buyers may purchase a property with a maximum sale price of $800,000.

What is a Tax Credit?

A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual’s primary residence.

How Much are First-Time Homebuyers (FTHB) Eligible to Receive?

An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is Eligible fort FTHB Tax Credit?

Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible.

This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.

As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How Much are Current Home Owners Eligible to Receive?

The tax credit program includes a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Can Homebuyers Claim the Tax Credit in Advance of Purchasing a Property?

No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a Taxpayer Claim a Credit if the Property is Purchased from a Seller with Seller Financing and the Seller Retains Title to the Property?

Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Some examples of this would include a land contract or a contract for deed.

According to the IRS, factors that would demonstrate the ownership of the property would include:

1. Right of possession,
2. Right to obtain legal title upon full payment of the purchase price,
3. Right to construct improvements,
4. Obligation to pay property taxes,
5. Risk of loss,
6. Responsibility to insure the property, and
7. Duty to maintain the property.

Are There Other Restrictions to Taking the FTHB Credit?

Yes. According to the IRS, if any of the following describe a homebuyer’s situation, a credit would not be due:

They buy the home from a close relative. This includes a spouse, parent, grandparent, child or grandchild. (Please see the question below for details regarding purchases from “step-relatives.”)
They do not use the home as your principal residence.
They sell their home before the end of the year.
They are a nonresident alien.
They are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Their home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
They owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.

Can Homebuyers Purchase a Home from a Step-Relative and Still be Eligible for the Credit?

Yes. As long as the person they buy the home from is not a direct blood relative, the purchase would be allowed.

If a Parent (Who Will Not Live In The Property) Cosigns for a Mortgage, Will Their Child Still be Eligible for the Credit?

Yes, provided that the child meets the other requirements for the tax credit.

Lofts At Belmar

2009-10-30T18:19:00.000-07:00

Congratulations to clients Josh & Lisa who closed on their Loft in Belmar today! They are first time home buyers with a wonderful new loft home - complete with a beautiful granite/stainless kitchen, parking, vaulted ceilings, lofted master bedroom, walk-in closets & soaking tub. This home is a great one to call their first - all the best to the two of you!

2010 Tax Credit?!?

2009-10-27T14:47:00.001-07:00

Still unofficial, but the news is looking good! Check out the following link to read about the latest on extension of the 2009 Buyer Tax Credit!

Read Article

Another First Time Home Buyer Qualifies for 2009 Credit!

2009-10-08T18:58:00.000-07:00

Congratulations to client Amy, who just closed on a property in the heart of the Highlands neighborhood. This was a wall-to-wall remodel, with a one car garage, slab granite/stainless kitchen and beautiful designer touches. What a great first purchase - congratulations to Amy!

Just Listed in Littleton!

2009-10-02T21:02:00.000-07:00

Come Home To This Popular Ranch Model in Summerlane Village—Just Blocks From Marston & Bowles Reservoirs! Dramatic Archways & High Ceilings Are Bathed In Natural Light! Beautiful Kitchen With Stainless Steel Appliances & Eating Area. Formal Dining Room, Cozy Family Room With Gas Fireplace! Custom Patio Perfect For Outdoor Entertaining ~ Complete With Low-Maintenance, Eco-Friendly Yard!

Large Master Bedroom Features Huge Windows And 5-Piece Bath With Oversized Walk-In Closet & New Travertine Floors! Shows Beautifully—Call Today For A
Private Showing! Priced To Sell!

Under Contract In Under 30 Days!

2009-10-01T08:57:00.000-07:00

4882 S. Zephyr Street Littleton, CO 80123
It's Gone...

JUST LISTED!!

2009-09-10T20:44:00.000-07:00

Check out this fantastic Ranch Home in Littleton, CO
4882 S. Zephyr Street - See www.4882sZephyrSt.info for more photos!

Charming Brick Ranch in Athmar Park

2009-08-11T20:28:00.001-07:00

Congratulations to Matt & Angie of Denver - first time home buyers who purchased this brick ranch in Athmar Park. Centrally located, this home boasts a two car garage, wood burning fireplace, completely renovated bath, and original wood floors. Located on a great block, too! All the best to the two of you.

Blueprint Denver

2009-07-04T09:55:00.000-07:00

All of the building codes in Denver are on the verge of changing... and this will impact everyone! Check out this link to the new code website, where you can read about changes, view neighborhood maps, and find out about meetings, etc. regarding this Blueprint Denver planning process.

www.newcodedenver.com

Modifications to First Time Home Buyer Tax Credit

2009-05-28T07:48:00.000-07:00

First time homebuyers in 2009 have already been among the luckiest in recent years... getting a lot of house for their money, and also qualifying for the 2009 First Time Home Buyer Tax Credit. However, new changes are on the horizon that might make home buying even more attractive for those considering their first home purchase.

FHA is working toward a new program which would allow buyers to use the $8,000 tax credit upfront (meaning they could apply it to their down payment)! This means than an FHA borrower might be able to buy with little money down once again - and this tax credit never has to be repaid.

Buyers must purchase a home before Decemeber 1, 2009 in order to qualify for the credit. Read an article about this program from the Wall Street Journal here.

Your Home is Worth More Than You Think!

2009-05-24T10:58:00.000-07:00

This is a great article from this month's issue of 5280 Magazine. They name 8 neighborhoods in Denver that actually APPRECIATED... imagine that!

Is yours one? Click here to read the whole article!

Capitol Hill Gem

2009-05-14T12:14:00.000-07:00

Congratulations to Erika G. of Denver, who scored this gorgeous remodeled condo in Cap Hill! This was a first time home buyer purchase to be proud of... complete with parking space, wood burning fireplace, walk-in closet, remodeled kitchen & bath and in one of the hottest locations in Denver!

Fantastic Park Hill Remodel

2009-04-17T09:43:00.000-07:00

Congratulations to client Justin C. of Denver - who as a first time home buyer landed this awesome Park Hill remodel. Justin got a real deal on this place, and should be proud of his 10K in instant equity! His new home is complete with a granite/stainless kitchen, 2-car garage, and an amazing location just minutes from downtown. Justin, we wish you all the best in your new abode!

Want to learn more about how you can find a home with instant equity? Contact me!

2009 Buyer Tax Credit

2009-03-01T18:03:00.000-08:00

If you have heard people talking about the new home buyer tax credit, but want to read the details for yourself... click here for a great informational website. Feel free to contact me for more information if you like!

This is a once in a lifetime opportunity to get a major tax credit on the purchase of a home - and the bonus is - it NEVER has to be repaid like prior versions of the tax credit. This is a GREAT time to be a first time home buyer!!

Just Listed! Beautiful Victorian in Highlands Neighborhood!

2009-01-20T19:44:00.000-08:00

Check out this home in more detail at:

http://www.2428hookerstreet.info/

Don't miss this beautiful Victorian.

Original Features galore, with all the modern amenities...

3 Bed / 2 Bath

2 Car Garage

Large, private yard

A/C & New Heating System

Granite/Stainless Kitchen

Remodeled Baths

Jetted Tub

Highlands Ranch - Just SOLD!

2008-12-03T09:57:00.000-08:00

Congratulations to the Fierst Family who have relocated to Colorado! They settled in Highlands Ranch in a uniquely updated home. Check it out!

Radon? Don't Panic!

2008-11-17T14:23:00.000-08:00

Radon testing is becoming more and more common as a part of the home inspection process, and especially here in Colorado. Regardless of the results of your radon testing, don't let it interfere with the purchase or sale of your home! Radon problems can be mitigated relatively inexpensively, and buyers can rest assured that they will not have radon issues once a mitigation system has been installed. Either way, Radon issues can be resolved - so don't panic!

What is it?

Radon is a gas that seeps into homes from the soil, and it originates from Uranium present in the soil. Basements are notorious for radon gas problems, and our soil in the Denver Metro area is known to have high levels of Uranium (depending on the area).

Why is it bad?

Radon has been linked to lung cancer, and is very dangerous in high doses. Long term exposure is the main concern, so homebuyers are wise to screen for radon gas issues in homes before they buy!

Can it be corrected?

YES! Radon problems are easily corrected by installing a Radon Mitigation system. These start at around $800, and should be installed by EPA certified companies. Here in Colorado, Air Quality Control, Inc. is a great option. They guarantee that radon levels will stay in safe ranges following the installation of their system, and even provide a follow up 're-test' of radon levels following the system installation.

These systems can typically be installed in a day - and new test results can show reduced radon levels as quickly as 4-5 days following installation.

Don't let Radon stop your deal in its tracks... do the research, and you'll find that the problem is relatively easy to fix. Here are a couple of resources that might come in handy:

www.1-800-589-6511.com/ColoradoRadon.html

www.epa.gov/iaq/radon/

www.1-800-589-6511.com/ColoradoRadonMap.html

Just Sold!

2008-11-16T20:19:00.000-08:00

Congratulations to client Sean R. who picked up this condo for a steal near Sloan's Lake!

2bd, 1ba condo with granite kitchen, private yard and 2 car garage!

Are you looking for a home or investment opportunity? Let me help you find yours - contact me anytime!

CONTACT ME

kwisenbaker@kw.com
303-909-0906

Are you relocating to Denver?

2008-09-06T11:33:00.000-07:00

Denver has SO many great options for home buyers... in every price range. I found the following link to be a great neighborhood map of the Denver area if you are just trying to get a feel for the different neighborhoods, proximity to the downtown area, etc.

Denver Neighborhood Map

The older neighborhoods surrounding downtown (Highlands, Sloans Lake, Congress Park, Curtis Park, Park Hill, Platte Park) are some of my favorites, but there are lots of great newer construction options in surrounding neighborhoods, too. We have so much to offer here... and as a local realtor, I have access to a lot of great statistics and demographics. Feel free to email me with any specific questions, and I'd be happy to help!

kwisenbaker@kw.com

Happy house hunting!

DNC is Next Week! - Check here for important road closures!

2008-08-20T09:25:00.000-07:00

For those of you like me, who can't believe it's already DNC time, you might be frantically searching for details on road closures, and how this will affect your commute. Use the link below to find a summary of the RTD Light Rail closures and the road closures surrounding downtown Denver.

DNC ROAD CLOSURES

Visit Highland Square's 32nd Street on the Third Thursday each month!

2008-08-01T09:32:00.000-07:00

All along the popular 32nd Street
Shopping district, shops will feature
sidewalk sales, snack, special events,
promotions, etc.

Come on out and enjoy the rest of
the summer with 3rd Thursdays!

Open House - Sunday, August 3rd 1pm-4pm

2008-07-31T14:08:00.000-07:00

Check out this stunning West Wash Park remodel. Master Bath, Walk-In Closets, Great Kitchen & Fantastic Yard!

509 S Grant Street in West Wash Park
Open Sunday 1pm - 4pm

Seller-Assisted Down Payment Program... Going Away

2008-07-29T13:53:00.000-07:00

The seller-assisted down payment program currently available to buyers is going away effective October 1, 2008. There is still time if you are thinking of buying a home - so act now!

There is still time to take advantage of this program before it is no longer available!

5280 Magazine Names Top Neighborhoods to Invest in Denver

2008-07-28T12:21:00.000-07:00

5280 Magazine polled some of the areas top realtors and picked 15 neighborhoods that stand out as sound real estate investments... even in today's tough market.

Berkeley
Cherry Hills Village
Congress Park
Country Club Historic District
Highland & West Highland
Highlands Ranch
Ken-Caryl Valley
Louisville
Mayfair
Newlands (Boulder)
Old Bonnie Brae
South Park Hill
Stapleton
Washington Park

This article is LOADED with great details on all of the above neighborhoods. Click here for a copy of the whole article.