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Cory Fitzsimmmons, Realtor, Denver, CO

Denver news you can use. Denver CO market update and mythbusting.

Denver news you can use. Denver CO market update and mythbusting. What a start of 2012! With all the news/views flying around I thought I would give you my point of view. The market is crazy right now and I am sure we all have a different idea of how our market is doing. Here are some key myths/points for you:

Myth #1: the market is not that great. #2: its a buyers market. #3: there are lots of good deals. #4 it's not a good time to list. #5 it not a good time to buy. #6 it's not a good time to invest
Truths:
*Rental vacancy rates are VERY low: metro area average is 4%, some counties are at 0%!
renters are struggling to find a place to rent, investors are salivating: supply vs demand
*Rental rates are going up.
It could be cheaper to buy vs rent
*Metro Denver Inventory (homes for sale) is down over 40%
I have buyers waiting for homes to come on the market, Denver needs listings! It IS a good time to list your home.
*Days on the market are going down.
Low inventory, quick/mulitple offers are not uncommonsold home
*Values are going up and/or stabilizing (location specific)
Supply vs demand, sellers are getting asking price, sometimes over asking price
*Overall completion is very steep.
Well priced homes are moving! Lots of folks waiting to pounce on good deals
*Interest Rates are still very low.
*Lenders are finally loosing up
I have buyers waiting! The Denver market needs listings! If your considering investing or listing your property give me a call. Have we passed the bottom of the market???
We all know some homeowners that are struggling and I can help provide some options. Please send them my info, it is important they know they have options.
Just announced: HUD just announced that they are increasing the up-front mortgage insurance premium and the annual mortgage insurance premium for FHA loans that have case numbers assigned on or after April 1, 2012.
The up-front MI payment will increase from 1.0% of the loan amount to 1.75% of the loan amount.
The annual MI payment will increase from 1.15% of the loan amount to 1.25% of the loan amount.
As always, if you have any questions please give me a call.

National Western Stock Show, Denver CO and Horse properties

National Western Stock Show, Denver CO and Horse properties. It's that time of the year again. This will be the 116th birthday for the Denver stock show starting back in 1899. This year we expect attendance over 700,000 visitors. This event features everything from western artwork, tradeshow, livestock, horse shows, tractors, FOOD, and rodeos. Check out the complete list of events and times. There plenty of events for all ages and this has become a annual family tradition for many Denverites. Dates: January 7th-22nd.

For those visitors that don't want to leave check out these horse properties for sale.Horse property Denver

70+ acres with complete horse set-up and fully detailed home in Deer Trail, CO: This property has so many details, it is easier to list them: 70+ acres with sweeping views, easy access to amenities and entertainment(14 miles to Byers and 45 to Denver) many creative uses and possibilities, driving & shooting range, spring/creek with possible pond area, gently sloping and level land, wildlife galore, 2 car attached garage, 2 car carport, 40 year roof, hardiboard siding, Thermo-pane windows, walk-out basement, huge deck, private patio/BBQ area, kid's sand box, landscaped, A/C, oak cabinets, oak & cedar finishes, stainless appliances, huge utility room and in-house water filtration.

250+ acres on Hilltop road, rolling land just outside of Parker. Mold into your dream ranch. Over 253 acres of flat ground for you to mold into whatever. Great sweeping views of the front range. Easy access to Parker with amenities 10 minutes away. 20 minutes to Metro Denver, minutes to Parker. Loads of potential in growing area, fabulous estate site or horse property. Rolling terrain with seasonal creek, several building sites. 1 domestic well. Awesome price per acre! Poudre river property

5 Smith Bridge road, Bellvue CO 80512 Poudre Riverfront property: 200' of river frontage! 3 acres with custom built home right on the Poudre River. 4200 sq. ft. of awesome finishes with Knotty alder woodwork, 4.5 bathrooms with 2 jacuzzi tubs and steamer, marble tile, Brazilian cherry hardwoods, 2 fireplaces, custom stain glass door, high ceilings, office and a separate mother-in-law suite. Exterior finishes include an 8000 gallon water fall and pond and 2000' of patios and decks. 3 car shop with lift and compressor for your projects. A must see, the views are awesome. Easily commutable: 20 min. to Fort Collins right off Hwy 14. Fish out your back door, hike and hunt in the bordering BLM land. Additional 2 adjacent parcels for sale to total 4.5 acres.

Denver ranks #1 in cities to invest. How Can You Profit From Housing Growth in Denver, Colorado

Interesting video on Fox Business News today. Greg Rand CEO of Own America said Denver is the top city for investment opportunities in real estate. He says there is a nationwide migration coming into Denver due to our young average age and awesome lifestyle. There is something to be said for our mountains and blue skies. Overall good news and our market has done very well. Worth a view! Watch the latest video at video.foxbusiness.com

Top 5 things to look for during a home inspection and what you should learn.

Inspections are often a "sticky" part of the real estate transaction. Often buyers get bogged down in the details and want to ask for the moon to be fixed before moving on. Hence I find myself talking the buyer down to focusing on the saftey issues and big ticket items. Well, thanks to local Denver inspector Darryl Bashline from DBInspections he has so kindly put into words for us:

1. What are the top 5 things you don't want to find during a home inspection?

A: You don't want to find safety of costly repair issues such as: 1. Foundation problems 2. Roof/Structural problems 3. Water/wet basement/crawl space issues (they can lead to health/safety issues like mold) 4. Fire hazards/saftey issues: HVAC, fire or carbon monoxide hazards, Electrical fire hazards

2. What are the top 5 things you want to learn at a home inspection?

A: Question #1 in reverse order plus peace of mind. 2. Proper home care and maintenance 3. Roof installation details: roof flashing's 4. Furnace and water heater age and condition 5. proper exterior drainage

3. Why is radon such a big deal?

A: Radon is decaying uranium that enters a house by seeping up through the slab or crawlspace. It has been reported that radon is the second leading cause of lung cancer behind cigarette smoking. Radon is heavier than air and will build up at the lowest living space in the house. The EPA says Radon levels at or above 4.0 picocuries per liter of air should be mitigated. (mitigation systems typically run $800 to $1200)

4. What are the most common issues inside an electric panel?

A: 1. A breaker with a "double" tap. (two wires connected to one breaker) 2. An "over-fused" circuit. (wire size too small for breaker ratings) 3. Scorched or charred wiring or breakers 4. Aluminum branch wiring for general circuits 5. Openings in the dead front cover that a person could put a finger through (there is a reason it's called a "dead" front cover) 6. Out dated panels (Panels that use fuses instead of breakers and a fuse has been replaced with improper fuse rating or the fuse is wrapped in aluminum foil.)

5. What are the most common questions you encounter? How do you address them?

A: Common Questions: (1) Did the house pass inspection? (2) Should I / Would you buy this house? (3) What should I have the seller fix? Responses: (1) There is no "pass/fail" on my inspection. I am here to provide a comprehensive, unbiased, professional inspection of the property. (2) This question really isn't fair as I already have the home I want. I am here because you want this house. I never tell anybody weather they should/shouldn't buy a house, i am here to educate you about the house. (3) I do not get involved in who does what. that is between you and the seller and you Real Estate Professionals, however health and safety issues are commonly addressed.

Darryl Bashline Owner/Inspector DBInspections Co. 720-987-3661. dbinspections@msn.com

Thanks to Darryl for this information. Overall, inspections are to educate the buyer so they can make an educated decision. It is much like looking under the hood and kicking the tires of a new car before you buy it. Keep in mind all locations/regions are different so the concerns will vary.

Looking for Denver investment property or Denver income property? Equestrain property? Need help with your Denver shortsale. Do you have questions about foreclosure and your options?

Are lenders tightening the lending guidelines or are they just going back to how they were?

Interesting video about lending today versus lending practices in the past. Most would say lenders are tightening but "...the reality that banks are not tightening their lending standards; they are just following the standard practices that they were using years ago." Also, investors might be able to expand their portfolio in the future... if all works out. Denver Real estate Investments: www.housefitz.com Denver Income Properties: www.housfitz.com