Aurora, CO Real Estate News

By Thomas Recke, ACI
(Pillar To Post)
In today’s real estate market, sellers need additional advice on how to cost-effectively prepare their homes in order to sell quickly. With an abundance of homes on the market, waiting several months to sell a home could leave many recession-plagued sellers in financial distress. For example, in October 2008 the median existing home price was the lowest since March 2004 at $183,200. This means that a home owner who lived in his home for 4-1/2 years is seeing the value of the home as the same or less as when the home was bought (CNNMoney.com, November 2008). The good news is that although some homes may need extensive upgrades or renovations, many may only require simple changes. For a limited cost, or no cost at all, home sellers can fix their homes to appear more appealing to prospecti...
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By Thomas Recke, ACI
(Pillar To Post)
Pretty cool windows short cut keys: CTRL and A Selects all the items in the active window. CTRL and C Copies the item or items to the Clipboard and can be pasted using CTRL and V. CTRL and F Displays the Find all files dialog box. CTRL and G Displays the Go to folder dialog box. CTRL and N Displays the New dialog box. CTRL and O Displays the Open dialog box. CTRL and P Displays the Print dialog box. CTRL and S Displays the Save dialog box. CTRL and V Pastes the copied item or items from the Clipboard. CTRL and X Cuts the item or items selected to the Clipboard. CTRL and Z Undoes the last action. CTRL and F4 Closes the active document window. CTRL while dragging an item Copy the selected item CTRL+SHIFT with arrow keys Highlight a block of text CTRL+F4 Close the active document CTRL+ESC ...
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By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Buckley Air Force Base and the Giant Golf Balls 100 Real Estate Tips in 100 Days (Day 28) Looking ever so much like golf balls lined up for practice swings from a giant golfer, the picture above shows just some of the 15 protected satellite dishes that Buckley Air Force Base is known for. Visible from Lookout Mountain, the distinctive "Golf Balls" house the communication links that serve the Aerospace Data Facility, one of the many tenants of the 460th Space Wing,which manages Buckley AFB. Other major tenants include the 140th Wing, flying F-16's; the Army Aviation Support Facility; and some 34 other military units, representing every branch of the armed forces (including the Coast Guard), with active, reserve and national guard components in residence. Buckley houses some 10,000 milit...
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By Wendy Bibeau, The Bibeau Group - Realtor - Denver Colorado Real
(Keller Williams Realty DTC)
Shenandoah on Smoky Hill is a unique neighborhood in southeast Aurora. It has only one entrance, and entry is restricted to residents and their guests. It is a neighborhood of custom and semi-custom homes that was built between 1977 and 1981. Amenities for residents include a large pond, community pool, clubhouse, tennis courts, and playgrounds. This neighborhood is also within the highly-regarded Cherry Creek School District. The Homeowner’s Association website contains photos of the neighborhood and community events, as well as additional community information and documents. The current real estate market includes both fixer-uppers as well as completely removed homes with top-end finishes. Sold data (past 6 months): 3 properties sold Prices (before concessions) were $306,500, $320,00 ...
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By Steven Wright, CRS - Home Real Estate - 720-989-5283
(Home Real Estate)
How the Economic Stimulus Package might influence your buyer's Real Estate decisions. The Economic Stimulus Package passed by congress dedicated $6.6 billion dollars to the incentive for first timehome buyers. First-time home buyers who buy a home before December 1, 2009 will receive up to $8,000in a tax credit. This might be just what some buyers need to decide to buy. The housing market already favorsthe buyer, with lots of inventory to choose from, sellers who are willing to negotiate and home prices which aremore affordable than they’ve been in years. The National Association of Home Builders are hopeful, that thetax credit will spur some housing activity, “The new tax credit provides a great opportunity for first-time homebuyers,” said Joe Robson, NAHB chairman and a home builder f...
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By Steven Wright, CRS - Home Real Estate - 720-989-5283
(Home Real Estate)
I often reflect on my reasons for making money as a Real Estate Agent. I can tell you that my main reason for making money is not to get rich, although if it happens I will not turn it away. My main reason for making money is to do good. Good like supporting my wife and children and giving to those that are in need and most of all giving a share back to my God and Savior. I sometimes wonder what would happen if we as a people gave more, especially us Realtors who sometimes do really well from a financial stand point. I wonder if we gave more to those in need around us, would that lessen the dependence people have on the government? This is definitely a time of great confusion for many people. For so long we have been a wants based society that now we view things like a plasma TV, cable ...
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By Lon Welsh
(Your Castle Real Estate LLC)
Some areas did better than others. The attached chart shows different neighborhoods in our region. Each region has the neighborhood’s name and price change in the last twelve months. We are comparing the twelve months of March 2008 through February 2009 to the twelve months right before that. There had to be at least ten sales in the last year for an area to be included. The numbers are more reliable in areas where there were more sales.   Source: Your Castle Real Estate analysis, MLS data  
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By Lon Welsh
(Your Castle Real Estate LLC)
Recap of Condo Price Performance By Terry Wenze and Lon Welsh, Your Castle Real Estate.   It’s still a great time to be a buyer in the condo market. Prices are at a three or four year lows in many areas. Interest rates on mortgages are still historically low. Combined with the first time buyer tax credit, this should be a perfect storm for first time buyers to get the deal of a lifetime.   The average condo price in Metro Denver declined 4% between 2006 and 2007: from $187K to $180K. Homes dropped 3% in that time period. Looking just at the first two months of 2009 vs. the same time period in 2008, the price dropped 17%: from $170K to $141K.   Homes dropped a similar amount in that time period. These numbers will be slightly different than Metrolist, as they are just Denver Metro and do...
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By Mitch Myers
(Myers Realty LLC)
Aurora still remains one of the hottest places in the country to buy real estate.  Aurora has a huge inventory of HUD homes, lender owned properties and foreclosures.  We are one of the few cities that have actually seen some appreciation in the "normal market" with the good buys having multiple offers.  With interest rates hovering around 5% you simply should not wait to buy.  This past week-end I helped 3 different buyers get super buys.  One picked up a 1500 plus square foot ranch with a 1500 plus square foot basement for $180,000.00 AND the seller agreed to pay my buyers' closing costs.  Next year everyone will say "I wish I had bought in 2009".
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By COhomefinder.com Colorado Realtors, Find Homes in Colorado
(COhomefinder.com- Denver Luxury Homes, Condos & Properties)
Can Obama stop all these AURORA COLORADO BANK OWNED HOMES from happening? Are you asking yourself.... Shoud I jump on buying an AURORA COLORADO BANK OWNED HOME, or not?  Either way, you can see some of these great COLORADO BANK OWNED HOMES on www.COhomefinder.com                        Aurora MLS Search  Find your Aurora home on Colorado HomeFinder. Access the Aurora Multiple Listing Service (MLS), the same property database used by agents. Searching for a Aurora home? You've found the right place! Just one click to browse listings of Aurora houses, Aurora condos, Aurora land, and Aurora income property for sale. Check out our Aurora maps! We've made searching by location easy with powerful google mapping technology. View our map of Aurora Houses, map of Aurora Condos, map of Aurora Lan...
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By Mitch Myers
(Myers Realty LLC)
Real estate is a local business.  We all hear so many things in the media and just assume that is how it is.  One thing that is not just local is the misconception that you should wait to sell in a buyers' market.  Generally that is true unless you are moving up within the same market. In a buyers market you will not receive top dollar by any means.  Selling during this period is not ideal unless you are looking to upgrade.  If you are moving out of the market it may be best to rent your property and buy in the new market.  This method could allow you to catch the appreciation that is coming to Aurora and the Denver area and take advantage of the other market which is way down and coming back after you buy. If you want to stay in this market and intend on moving up within the next 5 yea...
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By Mitch Myers
(Myers Realty LLC)
The stimulus package that just passed and becomes effective when President Obama signs Tuesday in Denver will have some cool benefits to home buyers and investors alike. The National Association of REALTORS was effective in lobbying a couple of key things that will go into effect.  Home buyers (with certain conditions) will receive an $8,000.00 tax credit that does not require a payback.  Investors who were previously limited to 4 financed properties can now have 10 allowing them to help soak up the surplus homes currently on the market. You just cannot find a better time to buy or invest in Colorado.  Hud homes, foreclosures and sellers who have done beautiful things to their homes are priced at all time lows.  This is not the time to sit on the fence and watch this window close.  Get ...
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By Mike Henderson, HUD Home Hub - 303-949-5848
(Your complete source for buying HUD homes)
This was one of the houses I took my client out to look at.  This was the back door to the house.  No I'm not a giant, but look how they added the door. Now I'm not a handyman or general contractor, but I could tell something was not right.  That's part of the job though looking at everything.  Figuring out what is wrong, and how much it will cost to fix it.  Then what value does it translate to in terms of rental value or retail buyer end user price.  I'm standing level on the floor.  You can see the water heater too in the family room.
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By John Keene
(Perry & Co.)
The City of Aurora is currently accepting applications to the Art Selection Panel.  To obtain an application visit their website, www.auroragov.org/publicart. Once established, the panel will be considering art for the following location: Beck Recreation Center, 800 Telluride Street City Park, 16th Avenue & Dayton Street Trolley Car 610 Canopy, Aurora Municipal Center  
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By Mitch Myers
(Myers Realty LLC)
Investing in residential real estate can be extremely lucrative.  First and foremost you need a REALTOR with experience and an intimate knowledge of the current market.  Second you must remain emotionally detached from the process to avoid over bidding or over improvement. Finally you need patience and persistance.  With these three things as your foundation you are ready to apply the following secrets. 1.  Quickly get up to speed about what is really happening with the best buys.  Have your agent review the recent history of time on the market, winning bid amount and potential value of good buys that have recently sold or went under contract. 2.  Define your "target properties".  Have your REALTOR help you determine exactly what is best for you.  In Aurora a 3 bedroom, 2 bath, 2 car ga...
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By Mitch Myers
(Myers Realty LLC)
The department of urban development (HUD) provides an excellent venue for both owner occupants and investors.  In Aurora right now bunches of new HUD homes hit the market every week. Although these homes have been foreclosed upon many of them are in good shape cosmetically.  HUD does an inspection prior to placing them on the market.  This inspection is to determine health and habitability.  So if the furnace is bad or if there is a water leak HUD will escrow money at closing to address those repairs. Pricing on HUD homes are incredible.  Just last week a nice 3 bedroom, 2 bath home with a 2 car garage had a winning bid under $100,000.00!  All this home needed was some interior paint and carpet.  It had upgraded windows and kitchen cabinets.  The location was near Mississippi and Tower....
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By Mitch Myers
(Myers Realty LLC)
The media would like you to believe that loans are impossible and there is no more down payment assistance for home buyers.  That is simply not true.  For the first time home buyer (which really means not owning a home for 3 years) there are several great options to get into a home with very little down. Aurora has a program called HOAP.  It stands for home ownership assistance program.  This program is free and offers two classes that educate the buyer about the process and how to make sure they do not end up in foreclosure.  The best part is that the buyer only has to come up with 1% of the price of the home for a down payment.  HOAP then provides the rest of the down payment and loan closing costs in the form of a loan.  This loan is added to the first loan but no payments are made a...
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By Mitch Myers
(Myers Realty LLC)
Today, Aurora is one of the all time best places to buy.  Homes that were in the $200,000.00 price range just a few years ago can be bought for under $150,000.00.  First time buyers who could not afford a home two years ago can now buy a three bedroom, two bath home with a two car garage and have payments cheaper than apartment rent! Investors who are getting clobbered in the stock market are buying real estate and seeing a huge return on their investment.  The beauty of real estate is the leverage.  If you put 20% down on a $150,000.00 property and you get just 2% appreciation a year, you are not making 2% on your $30,000.00, you are making 2% on the $150,000.00.  That is a 10% return on your money.  And in this market with a little sweat equity you can see an instant profit on top any...
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By Kim Paul
(Fidelity National Title)
When I talk with Real Estate Agents and ask what their business needs right now, they all respond, "more buyers".  With that in mind, Fidelity National Title has partnered with a product that can help you to capture more buyers as they are inquiring about your listing.  It is a tool which sends your MLS Flier and a Property Profile Report directly to the prospective buyers hand held.  The listing agent then receives a text message with the phone number of the buyer.  If you are interested in finding out more about how Fidelity National Title can partner with you in your business, please give me a call!
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By Thomas Recke, ACI
(Pillar To Post)
Pillar to Post Aurora is proud to offer the local real estate community EIFS (Exterior Insulation and Finish System) and traditional stucco inspections.  Our inspections adhere to the very stringent EDI (Exterior Design Institute http://www.exterior-design-inst.com/) and MoistureFree Warranty Corporation (http://www.moisturewarranty.com/homeowners/homeowners.htm) Inspection Protocol.  EIFS (aka synthetic stucco) can be an outstanding exterior cladding system IF it is installed correctly and the manufacture's specifications are followed exactly.  Many problems with EIFS begin when general contractors and installers aren't familiar with the system, its components, or the methods used to properly apply the exterior cladding.  When installed properly, home owners typically report a 25%-40%...
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