Englewood, CO

The talk around the water cooler these days is all about LOANS. Who can get them? At what price? What if I already have a few loans, do I still qualify? A year or two ago the question was at what price do I get a loan (those were the days!). Today it is "am I still in the game?"

Here's the deal: if you have an owner occupied loan and 3 investor loans you cannot buy any more properties and get Fannie Mae / Freddie Mac financing, meaning you can't get a conventional 30-year fixed loan. Now, my hope is that someone reads this and tells me I'm wrong. That would be great! But as far as I know that is the case.

Where does this leave you? You can pursue loans that are warehoused by lenders, meaning they are not sold on the backend to Fannie or Freddie. You are probably looking at a minimum of 20% down but more importantly it will be almost impossible to get a 30-year loan. But a 5/1 ARM is not out of the question. (Lenders, please start a dialogue here and let folks know who has what products available.) There is also Hard Money available. I met with a group of high-end Hard Money lenders today to discuss options and the consensus is that they are proceeding...but with extreme caution.

A final version is to contact smaller local lenders. You'll need 25% down, but if your story makes sense, you'll get your loan - and usually at an attractive rate. Let me know what your situation is and I'll try to refer you to the right person.

Road construction will being this Monday, October 13th, at the Intersection of Arapahoe Road and University Boulevard. For more information visit the City of Centennial Colorado website.

Driving through Arapahoe Acres is like driving into the past, a seemingly secret neighborhood, untouched by time...an absolute thrill if you appreciate architecture. It is the only neighborhood in the country to be listed as a Historic District, by the National Register of Historic Places, since post WWII. The neighborhood is located approximately fifteen minutes South of I-25, near Hampden and University Blvd. It is a quiet area, yet only a short drive to Downtown Denver. You will know you found the neighborhood when you see homes like this:

There were 124 homes built, all between 1949-1957, and typically no larger than 2,000 square feet. To fully appreciate the homes in the area, I highly recommend viewing some or all of the 32 listed at the Arapahoe Acres website. The homes in the neighborhood represent two styles of architecture, Usonian Style and International Style. The Usonian Style, developed by Frank Lloyd Wright, designed kitchen and living areas to be flowing and the bedrooms and bathrooms were designed for privacy and quiet. The roofs have shallow pitches, with no attic spaces, and there are no basements, as a means of controlling costs in a post-depression era. The entrances are often set-back or hidden for privacy. The International Style, associated with Modernism, was largely influenced by the Bauhaus School in Germany (shut down by the Nazi regime). The International Style is defined by a buildings use of volume, symmetry, and applied ornament. Each home is a rare work of art, located in a unique neighborhood, not duplicated in Colorado.

LET ME KNOW if you would like additional information regarding Arapahoe Acres or any other area of interest to you in the Denver and Greater Denver areas.

Stefan Geyer

ECO Broker|Realtor|Certified Appraiser

www.StefanMax.com

Englewood Real Estate - Brand New Listings

When searching for the latest Englewood homes for sale it is helpful to be able to easily access brand new listings. If you ready to buy your next home, you definitely want to know where the latest listings are so that you are able to view them first if you desire. This interactive map will help you do just that.

The map below shows you the properties in Engelwood that are new real estate listings in the last 3 days. It is constantly updating. Come back tomorrow and if there are additional Englewood homes for sale, they will be added. And on a listing 4th day of being on the market, it will disappear from the map. If there are ever 0 homes displayed - than simply there were no new Englewood homes entered in the MLS in the last 3 days.

The listings are in descending price order from highest to lowest.

To see the rest, look at the bottom left of the map where it says "showing 20 of XXX". Click on the number that replaces XXX.

You can also adjust the search & results by clicking the other items that surround the map on the top and bottom such as # of bedrooms, ascending, etc.

For further information about any of the homes, click on the pointer and it will bring you to a full Englewood real estate search with further information.

If you wish to search the entire Denver MLS with my map home search, just click on the button below, Search All Denver Properties, and you will be brought to the full Denver Property search.