Did you know that if you fit into one of these four professions, (Doctor, Lawyer, Dentist or CPA) there is special financing for you at 100% LTV! Give me a call at 303-668-6490 to get more info.
Borrow against stocks and bonds and international securities.
- Can borrow to 80% of the value of the security (higher in some cases)
- No max loan amount
- Interest rate around prime
- NON-RECOURSE
- No income or credit
- Quick funding - usually within a week
- Money can be used for anything: real estate, business, autos
- Borrower still owns the stock
- Minimum loan amount is 100k
- Interest only for 2 to 5 years
- Rates range from 3.5% to 5%
- International!!
This is HUGE if you are having a hard time getting jumbo financing. Call Adam @ 303-668-6490.
Don’t forget that fall will be here before you know it. With the ever so slight chill in the air that Denver Metro has felt the last couple of days, it reminded me that fall is just around the corner. That made me think of all the “honey do’s” that need to be done around the house.
One very important chore is getting your furnace cleaned and serviced. I would most likely never remember to do this except that I attend a lot of home inspections. In just about every inspection, the inspector recommends that the furnace gets cleaned and serviced. It is very important to the long term health of your furnace and the cost usually runs around $100 to $150; a small price to pay for something that is so important.
You may also think about fixing any draft problems. I recently replaced the door that goes out to the garage. After 21 years of use, it wasn’t straight and was letting in a lot of cold air. Safety doors are not cheap, but well worth it to help keep heating costs down. Now, no more freezing air blowing into my house!
Let’s not forget about the exterior. You may want to start the yearly investment in winterizer for your lawn. The exterior curb appeal of your home is just as important. After all, it is the first impression of you!
Your home is your castle (and typically one of your primary investments). The nicer you keep it, the better it will sell when the time comes to move on.
We have all heard the old real estate saying: what are the three most important things in real estate? Location, Location and Location. Well, nothing has changed. Location is still king in real estate. According to the Denver area MLS, as reported by the Denver Business Journal, Boulder/Lousiville area home prices have risen more than 26 percent over the past year.
Another area doing well is Highlands Ranch and the surrounding area. Highlands Ranch has a great location, lots of great amenities and very few new homes being built. But, anyone who knows me well, knows that I have said for many years that Highlands Ranch will do well because it is the perfect suburban neighborhood. CNN Money rated it #12 out of 100 neighborhoods across the United States in 2008. That’s not too bad!
Bottom line: the “good” areas are doing well. Proving once again that Location is THE most important thing in real estate.
To find out more about these neighborhoods and any of the Denver Metro neighborhoods, go to www.5280FineLiving.com/neighborhoods.html
Once again I am hear to spread the good word about the Denver home market. While some many cities are experiencing severe downward trends, Denver is showing the signs of recovery! One of the criteria is that sales across the metro area are evenly distributed showing proportionate activity. Forbes also determined that average price per square foot of housing space increased 5.7 percent in Denver between February and March of this year. Forbes also quoted Moody’s economist Christopher Cornell as saying. “It has better growth potential than most cities today.”
The stars are aligning folks. Now is the time to buy a home in Denver. Prices are are starting to rise again, but they are still low compared to where they were at the top of the market. Rates are still historically low as well. For those who qualify, you may be able to get the 8k tax credit also. There is no better time than the present! Don’t sit on the sidelines and wait until the market is expensive again. It’s only going up from here!
According to real estate expert, Barbara Corcoran, Denver is the #1 city in the nation to rebound from the house slump. Of course it shouldn’t take an expert to read the tea leaves. I have been saying for years that Denver / Colorado would be the first out of the slump. Really, if you know Denver well enough, it just makes sense. Denver (and all of Colorado) is an incredible place with great weather, a young population, every major sport, hip/trendy, fantastic dining and a wide variety of neighborhoods in the metro area for urban and suburban lifestyles.
This, of course, enforces what I have previously blogged about; that the market is brisk for homes at 250k and under. First time homebuyers are crawling out of the woodwork. Despite lending being a bit more difficult, there seems to be no shortage of buyers in that price range with money to put down. It’s the perfect recipe: great city, good job market, home prices are reasonable, interest rates are great. Add that all up and you get buyers. It’s actually quite basic.
Also, the luxury home market has been declining for some time now and prices are looking attractive. This segment of the market may take longer to rebound, but with prices falling on luxury, now is the time to jump in if you have been waiting. I have seen some luxury areas that have dropped home prices as much as 600-700k! Don’t wait. Take advantage of the low prices and rates and get the luxury you have always dreamed about!
One of this months “Top Shelf” winners in Wine Enthusiast magazine is Woodward Canyon’s 2006 Estate Red Wine. Since I am not good with describing good wine myself, I will quote directly from Wine Enthusiast Magazine: “…the best lots of Cabernet Franc, Petit Verdot, Cabernet Sauvignon and Merlot create this very limited-release wine. It is built to age, and reflects the tight and muscular style that Rick Small has developed over the years. There is a strong mineral/metal vein running through the black and blue fruits.”
5280 Fine Living is dedicated to bringing you all that is good in Denver and beyond. When only the finest will do! www.5280fineliving.com
If you are looking for a great restaurant this weekend, I recommend Bistro One. Located at 1294 S. Broadway, Denver 80210, just about 3 blocks South on Broadway from I-25. This place has a hip, cool atmosphere; perfect for a date or hanging with some friends. So far I have tried the Cheese Plate appetizer, which is awesome. For my entree, I have had the Cowboy Beef Rib-eye…twice! It was so good the first time, that I had to get it again the second time (me and a friend enjoyed it so much that we came very close to licking the plate clean…but we refrained). Check out their website at www.bistroonedenver.com
For more great restaurant ideas, see our Restaurant Guide and Taverns Guide at http://www.5280fineliving.com/food.html
The market in Denver Metro for homes priced at $250k and below is brisk. We are finding that most homes in this range, if they are somewhat decent, are getting multiple offers/contracts. This being said, do not assume that it is a buyers market when bidding on these homes. We have seen homes on the market for only a matter of a few days with as many as 13 contracts! No kidding! Make sensible bids. Do not try to be that guy/gal who thinks, “I am going to bid stupidly low and they will love me just for making an offer.” Sorry, but it’s not working.
Specializing in Denver Metro, Colorado.
Adam Itchkawich / 303.668.6490
The Colorado Rockies have won two consecutive games, beating the San Diego Padres 12-7 in a freaky game yesterday. Dexter Fowler, the team’s impressive rookie center fielder, tied a major league rookie record by stealing five bases (via The Denver Post). But it wasn’t all good, as outfielder Brad Hawpe was taken to the hospital after being hit in the neck by a pickoff throw, according to The Associated Press. This is the second consecutive game in which the team’s offense exploded. The first came after shortstop Troy Tulowitzki was benched because of poor hitting, according to the Post.
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