Denver Colorado Real Estate | October 2009 Market Statistics
I’m a little late this month with the real estate market statistics for Denver.  It’s been a busy month!  Good news for buyers, sellers and real estate brokers. Denver sales continue to show bifurcated results - low to mid range homes selling like crazy, higher end homes still languishing a bit. Inventory numbers are down from

Homebuyer Tax Credit Extended
The “first-time” home buyer tax credit was extended and modified today by Congress. While there has been much debate here among Denver real estate brokers about the cost of the credit, there is no doubt that this move will help to continue to stimulate the recovering real estate market. Homebuyers will now have two tax credits available. The original $8,000 for first time buyers - actually for buyers who haven’t owned a home in the previous 3 years.  As well as a second credit available to current homeowners of $6,500.  To be eligible, buyers must have lived in their current home for 5 out of the past 8 years. The income limits fo

Help ~ We Can’t Find A Good House!
I’m working with a lovely family who is relocating to Denver in a few weeks.  We can’t find them the right house and their move date is looming. They want to be here and settled by December. After a 4 1/2 day marathon of 56 houses, we kind of narrowed it down to two possibilities. These buyers are looking in a fairly significant price point.  Not uber high-end, but

Denver Colorado Real Estate | September 2009 Market Statistics
In August, Denver had 20,225 active listings available on the market. In September, we were down to 19,834. With inventory naturally shrinking as we round into fourth quarter, Buyers are left with choosing a currently available home or waiting to see what might come on the market in coming months.  It’s not likely that many new properties will be listed from Halloween through the new year, and many buyers are faced with choosing between buying a home they’ve seen or waiting until

Earnest Money Requirements in Denver
Relocating buyers often ask how much earnest money they’ll need when they make an offer on Denver real estate. My answer? “It depends.” Some brokers and sellers request 3% some request 10%.  Earnest money requests/requirements are entered in the MLS, so your Buyer Agent can tell you what the sellers have requested.  3% is more the norm for mid-priced homes, 10% is extremely high. Howe