Blog - Real Estate

Looks Like HVCC is Slowing Home Sales

Jul 15
Category | Real Estate
Good article below. The HVCC was designed to stop the over evaluation of properties and arm-twisting that goes on with appraisals, but what it's done is put appraisers in areas they're not familiar with. This takes away the crucial local market knowledge that appraisers have. This knowledge is important because without it, there is no justification for EVER raising the prices in a neighborhood.


By Robert Freedman, Senior Editor, REALTOR® Magazine

For weeks, NAR has been getting e-mails and phone calls on problems caused by the implementation of the Home Valuation Code of Conduct.

Don't Wait on Tax Credit

Jul 15
Category | Real Estate

By Robert Freedman, Senior Editor, REALTOR® Magazine

A handful of bills to extend and increase the First-Time Home Buyer Tax Credit are under consideration in Congress, but if you have clients who are holding out in anticipation of one of these bills passing, you might want to encourage them not to wait. The likelihood of any of these bills getting enacted this year is highly uncertain.

Thatís the message Iím getting from NAR analysts. The issue isnít the tax credit itself. From everything weíre seeing, the credit enjoys broad bipartisan support and, as our chief economist Lawrence Yun

Denver is #1

Jun 30
Category | Real Estate
Best cities to buy a home

While the overall housing market isn't on the upswing, these metros show long-term potential. According to a recent Forbes article, the top 10 cities to buy a home are:
1.       Denver
2.       Boston
3.       Phoenix
4.       San Diego
5.       Los Angeles
6.       St. Louis, Mo
7.       Tampa

Lack of Lower-Price Houses

Jun 24
Category | Real Estate

Home Inventory by Price:
Q2 2008 through Q1 2009, Denver metro area

Price Range Avg Sold Price # Sold 12 mo. % of Sales # Active Months of Inventory
Less than $85k $63,500 3,339 10% 231 .2
$85-$135k $110,154 4,965 15% 824 2.0
$135-$210k $171,523 7,945 24% 2,219 3.4
$210-$315k $254,107 8,677 26% 3,053 4.2
$315-$460k $373,152 4,985 15% 2,765 6.7
More than $460k $739,776 3,305 10% 4,516 16.4

Homes priced at $1 million and more had a five-year inventory.

Comments from Lon Welsh at Your Castle Real Estate...

  • "This is a really unbalanced market overall."
  • The high-end housing category, with its

7 Tips to Avoid the Vacant Home Look

Apr 28
Category | Real Estate

Included in every listing I take is 2 hours of staging help. My stager can help your home look it's very best, whether it's being lived in or not. Here are some general tips for vacant homes:

  • Give the house a lived-in look. Get a neighbor or family member to make the house look occupied by parking a car in the driveway, opening and closing the drapes and taking in any mail.
  • Groom the yard. Use a lawn service during the summer to keep the grass cut and a snow removal service in the winter to scrape the walks and driveway.
  • No outstanding nicks. Hide the effects of missing furniture. Paint and

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