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Bank Owned Denver Homes

by Roberts Johnson and Rachel Diedrich, Real Estate B

Since the housing bubble burst there have been a lot more bank owned homes on the market.  This has created a new market for investors.  Currently I’m working with several investors who are buying condos and houses for under $100,000’s, turning them into rentals.  But this has also been a bonus to the homeowners who either want to buy their first home or current owners who want to move up.

If ever there was a call to action now is the time.  There are number of bank owned homes in the Denver metro area.  There are 354 bank owned homes on the market as of July 3, 2012.  Another 71 government owned homes in the Denver metro area.  Bank Owned Denver Homes can help you find that house.  As an off shoot of Cool Denver Homes, we saw the need to provide bank owned homes as they come on the market.

We also ask for the area of Denver, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

Let me know of anything else that important to you, like price, # of bedrooms, number of bathrooms, etc.  I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

Even with the market coming back and inventory low, there are still good deals out there, not to mention interest rates are low, low, low!

Now is the time!

www.CoolDenverHomes.com

www.BankOwnedDenverHomes.com

www.303home.com

www.yourdenverhomevalue.com

Should I Sell My Home during the Winter or Holiday months?

by Roberts Johnson and Rachel Diedrich, Real Estate B

This time of year I always start to get the same question. Should I sell my house now or just wait until the spring when everyone else sells their houses? This seems like an obvious answer until you see a few key points. 

1. It is too cold, no one wants to look at houses in the snow? In Knoxville, Tennessee, where I am from, we really do not get a lot of snow. As a matter of fact, we are lucky if we see any snow at all. Therefore this common hesitation doesn't apply to this area. 

2. No one is looking for houses in the winter time. This is plainly not true. There may be less people looking to buy. However, the ones who are looking are more serious. There may be less property visits during the cold months but the ones who are willing to drag their realtor out in the winter must be pretty serious. Wouldn't you rather have less traffic if they are more serious buyers? 

Another point is that with less inventory during this time of year means less competition. During the spring there are going to be a lot more homes to compete against. I would rather be a big fish in a smaller pond, than a small fish in a big pond full of other fish. 

3. I can't decorate my house for Christmas. I disagree. I say, don't just put out your Christmas decorations, go all out. Make your home the best decorated house on the block. A house can look truly beautiful, warm, and inviting during the holidays. One very strong buyer desire is to be in the new home by Christmas. Last year I had four sales in December specifically for this reason. One of them actually closed on Christmas Eve to make good on my promise to get them in by Christmas.

Another idea would be to put some lights around the realtor's "for sale" sign too. Please make sure that your realtor replaces the holiday pictures in their marketing after the holidays. It looks nice while it is in season, but after that it just looks dated. More on that on point #5.

4. I like to invite friends over for holiday parties. I can't do that if my house is for sale. Are you kidding? This is the perfect opportunity to show off your home to a large group of people. Don't just invite a few people over, host the Christmas party. Your friends might not be in the market to buy a home, but you don't know who they know who might be in the market. It is estimated that most people know at least 150 people very well at any given time. 

5. If we don't sell the house over the winter, it will appear stale in the spring. This might be true but there are tricks you can do to lessen the impact. The most effective change you can make is to adjust the price. If the house was listed all winter and it didn't sell, the chances are the price is too high. Have a price adjustment, even if it is just a small one. Also, update the pictures. Most likely the original pictures were taken with leafless trees and plants without flowers. Your house will look drastically different with some fresh blossoms and updated landscaping. Be sure to take the picture of the house from a different angle as well. Someone who saw your house a thousand times on the internet will be forced to pause and look at the house again in a fresh light. 

6. That tax credit expired, it won't help me sell my house. Actually, congress decided to extend the tax credit through April. Not only did they extend it, but they opened it up to more people. If you wait until the spring you will miss this large group of buyers.  

These are just a few points to ponder as we head unto the winter months.

 Please call me with any questions.  I am always happy to help :-)

Happy Holidays!!

Taste of Colorado 2009

by Roberts Johnson and Rachel Diedrich, Real Estate B

No matter what kind of food you have a taste for...you'll find it at A Taste of Colorado. More than 50 of your favorite restaurants and food establishments will gather at the Festival, featuring small portions to full meals.

See Menus and Maps here

Alpine Sausage Company
Baker St. Pub & Grill
Bayou Bob's
Berrie Kabobs
Big Bubba's
Bubba Gump Shrimp Co.
Caldonia's BBQ
Caribbean Cuisine
Cherry Creek Concessions
Cold Front Ice Cream Sales and Distribution
Colorado Buffalo Grill
Colorado Corn Company
Divine Donuts
Dolce Delizia
Dreyer's Grand Ice Cream
Empanada Express
Falafel King
Famous Dave's Bar-B-Que
Fidel's Cantina
Fratello's Café
Funky Buddha
Gelazzi Gelato
Golden Toad
Grammy's Goodies
Grand Lux Café
Great American Coffee Co.
Greek Town Café
Hard Rock Café
HoneyBaked Ham

India's Pearl
India's Restaurant
Island Oasis Smoothies
Mustard's Last Stand
New Orleans Snoball Shack
Nut Sensations
Old Tyme Kettle Corn
Rocky Mountain Nut Roasters
Rocky Mountain Turkey Legs
RoRo's Concessions
Rosa Linda's Mexican Café
Saltgrass Steak House
Saltwater Cowboy
Smashburger
SnowBusiness
Snowie Colorado
South Philly Cheesesteaks
Southwest Kettle Corn
Sweet Lorraine's Deli
Texas de Brazil
Thunderbird Burgers & BBQ
Tokyo San Bowl
Trail Dust Steak House

For complete festival information, visit www.ATasteofColorado.com

Want to lose weight? Move to Colorado!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Colorado is the slimmest state in the nation!  I attribute a lot of that to Colorado's great climate which makes it so easy to be activbe all year long!  It is hard to be a couch potato when the sun is shining and the mountains are calling! 

Check out this article from the Denver Post for the full story:

 

Colorado the slimmest state in annual obesity rankings

Nationally, more baby boomers are obese, meaning even higher Medicare costs for the aged.
By Lauran Neergaard
The Associated Press
Updated: 07/02/2009 06:27:18 AM MDT

WASHINGTON — Mississippi's still king of cellulite, but an ominous tide is rolling toward the Medicare doctors in neighboring Alabama: obese baby boomers.

It's time for the nation's annual obesity rankings and, outside of fairly lean Colorado, there's little good news. In 31 states, more than one in four adults are obese, says a new report from the Trust for America's Health and the Robert Wood Johnson Foundation.

And obesity rates among adults rose in 23 states over the past year, and no state experienced a significant decline.

It's a national crisis that "calls for a national strategy to combat obesity," said Robert Wood Johnson vice president Dr. James Marks. "The crest of the wave of obesity is still to crash."

While the nation has long been bracing for a surge in Medicare as the boomers start turning 65, the new report makes it clear that fat, not just age, will fuel much of those bills.

In every state, the rate of obesity is higher among 55- to 64-year-olds — the oldest boomers — than among today's 65-and-beyond.

Medicare spends anywhere from $1,400 to $6,000 more annually on health care for an obese senior than for the non-obese, said Jeff Levi, executive director of the Trust, a nonprofit public health group.

The Centers for Disease Control and Prevention has long said that nearly a third of Americans are obese. The Trust report uses somewhat more conservative CDC surveys for a closer state-by-state look. Among the findings:

• Mississippi had the highest rate of adult obesity, 32.5 percent, for the fifth year in a row.

• Three additional states now have adult obesity rates above 30 percent: Alabama, 31.2 percent; West Virginia, 31.1 percent; and Tennessee, 30.2 percent.

• In 1991, no state had more than a 20 percent obesity rate. Today, the only state that doesn't is Colorado, at 18.9 percent.

• The South is the fattest region. The Northeast and West are slightly slimmer than the rest of the country.

• Mississippi had the highest rate of overweight and obese children, at 44.4 percent in total. It's followed by Arkansas, 37.5 percent; and Georgia, 37.3 percent.

• Following Alabama, Michigan ranks No. 2 with fat boomers; 36 percent of its 55- to 64-year-olds are obese. Colorado has the lowest rate, 21.8 percent.

Denver Real Estate market best in country!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Check out this great article about the Denver Real Estate Market!

Denver fares best in home-price survey

U.S. home prices down 18%
By Margaret Jackson
The Denver Post

For the second consecutive month, the Denver area fared the best among 20 U.S. cities reporting drops in home prices, according to data released Tuesday.

The Standard & Poor's/ Case-Shiller home-price index for 20 major cities dropped 18.1 percent in April compared with April 2008.

Denver reported a 4.9 percent decline, better than Dallas and Boston, which were down 5 percent and 7.7 percent, respectively.

"This was the least painful decline in the last six or seven months," said economist Jeff Thredgold of Vectra Bank Colorado. "There is still some additional weakness to come, but most of the pain is behind us."

Las Vegas and Phoenix posted the largest monthly and annual declines, plunging 35.3 percent and 32.2 percent,

Home Prices

  • Explore home prices and sales in your neighborhood with The Post's database.
respectively, in the year-over-year data. San Francisco declined 28 percent.

"The sexy places to buy real estate from 2003 to 2006 are the ones that are getting crushed," Thredgold said. "There was no big boom in Denver prices, hence no major correction."

Denver is among eight cities that reported a month-over- month gain in prices, rising 1.5 percent compared with May. Dallas posted a larger gain at 1.7 percent.

"Seeing the recent numbers from the Case-Shiller report has given some credence to what we have been feeling in the market in Denver," said Dee Chirafisi of Kentwood City Properties. "Denver has been named one of the five best cities as far as real-estate recovery and the five best places to live, etc.

"There has been a lot of recent optimism about how great Denver is and how it is still a good place to buy real estate. It is terrific to see that this news is backed up with some real statistics."

Gretchen Faber, broker/manager of the Kentwood Co. Cherry Creek, said the numbers also reflect what's happening in her office.

For the first time in months, Faber said, homes in Denver's Park Hill neighborhood sold for more than $800,000 — two of them for more than $1 million — during April and May.

"Three or four months ago, the lower price ranges started getting on fire," Faber said. "We are starting to see it trickle up into the higher price ranges. They still have to be priced appropriately or they're not going to sell because there's still a lot of inventory in the high end."

Margaret Jackson: 303-954-1473 or mjackson@denverpost.com

Displaying blog entries 1-5 of 5

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Photo of Roberts (Bobby) Johnson Real Estate
Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
Roberts Cell: (303) 525-7599
Fax: (303)9635335

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