Tuesday, April 29, 2014

Real Estate Results for March 2014

March 2014
By the numbers, the inventory of available homes for sale is 6,341 homes at March month end, 5,599 homes came onto the market, 4,796 homes were placed under contract, and 3,598 homes closed at an average sold price of $313,846 resulting in a closed dollar volume of $1.1 Billion.

Market Recap
Single Family                              
Active Inventory is 5,045
Sold Homes is 2,642
Average Price is $350,578
Median Price is $292,000 

Condo                               
Active Inventory is 1,296
Sold Homes is 956 
Average Price is $212,336
Median Price is $172,550                            
 
Market Facts 
The inventory of homes available for sale remains low and buyer demand remains strong. Interest rates although affordable continued to fluctuate upwards in the month of March.
Consumer confidence increased in March to 82.3 up from 78.3 in February. Overall, the Denver home market continues to have a two month plus supply of homes available for sale at the current sales rate.

Wednesday, April 23, 2014

Questions to ask when your buying a home..Is the HOA Stable or Underfunded?

Questions to ask when your buying a home..Is the HOA Stable or Underfunded?
Questions to ask when Buying a Home, Contact Heidi Hoffman with Keller Williams Realty and the Hoffman Home Team.

Since the Real Estate Market melt down from 2007 - 2010, many communities that have Home Owners' Association (HOA) have had huge reduction in income due to the loss of income from increased foreclosures and short sales that have occurred during this time period.  Some HOA's even went under and those communities are then under the control of Cities.

The reduction income from lack of HOA dues have cause the reserves of these HOA companies to increase dues to the homeowners as well as having to assess special assessments when emergency repairs come up. It is important to check the financial reserves of the HOA.  If homeowners don't pay the special assessments that come up, then those assessment can be placed as a lien against the property and in extreme cases the HOA can foreclose on those properties.

When you are going to buy a home, the first question should be "Does it have a HOA?" and if it does have an HOA then the second question is to ask to see the current financial statements from the HOA.  The Hoffman Home Team will ask for the Seller(s) or the HOA to provide the documentation to the Buyer(s) within a specific time period. As a Buyer you have the right to review all the CIC docs, Financials, Board Meeting Minutes, Budgets, and any other documentation that the HOA has.

To check the status of a registered HOA in the state of Colorado, check out the DORA website. Get The Hoffman Home Team Buyer's Resource Information here. Serach for all homes available through the MLS Metrolist system.

Heidi Hoffman with Keller Williams Realty & the Hoffman Home Team 303-949-9770

Monday, April 21, 2014

Signal Creek Homes in Thornton CO

The Signal Creek Home Community in Thornton Colorado is located north of 128th Ave between York St and Colorado Blvd.  The Signal Creek Community offers a community pool, playgrounds, and community activities such as a Community Pool Parties,  Easter Egg Hunt and Holiday Hay Rides. The school district for the Signal Creek Community is Adams 12 school district.

The Signal Creek Home Community is also surrounded by Cottonwood LakesHunter's GlenShadow Ridge, and Lake Avery Estates. The Signal Creek Community homes current price range is in the low $200,000 to low $400,000.

Here are the all current homes for sale in the Signal Creek Community as listed in the MLS Metrolist system.
Here is a quick link to search every available homes for sale in Thornton Colorado . Get the latest sold home information in Signal Creek and the surrounding area of 80241.

Thornton Colorado & Homes For Sale in 80241. Have a home to sell in Thornton Colorado? Call the Thornton Real Estate Specialists at Keller Williams Realty and the Hoffman Home Team. Heidi Hoffman 303-949-9770

Thursday, April 17, 2014

Find Westminster Homes For Sale

Welcome to Westminster's Home For Sale and Real Estate Market portal: your single stop to find a home in Westminster Colorado. Here you can search every available home for sale in Westminster Colorado via the MLS Metrolist system.
Here are some Westminster Homes for Sale:

Westminster Colorado & Homes For Sale. Have a home to sell in Westminster Colorado? Call the Westminster Real Estate Specialists at Keller Williams Realty and the Hoffman Home Team.

Tuesday, April 15, 2014

Get Your Home Ready for the Spring Home Selling Season

Get your home ready for the spring selling season. Spring is here and many homeowners are considering putting their home on the market. What will make their homes stand out from others in the neighborhood? Here are a few tips on simple items that can be done to increase the appeal of the home for future buyers.
Curb Appeal The first thing a buyer sees is the front of the home. An ill-kept yard can create a negative opinion of a home. Take care of the front yard early by fertilizing with a weed prevention mix. Make sure to trim back trees and re shape bushes so the front of the home can be seen.
Here are some other suggestions include:
 - Pressure wash the driveway, front walk, outside of the home and patio. Repair/mud jack cracked concrete especially if the concrete has heaved or moved.
 - Add colorful flowers near the front door
 - Clean the windows inside and out
 - If you have mulch, re fluff it and add some new mulch to get a boost to the color.
 - Clean and re paint the front door. Buyers often linger in front of the door and it's the first impression of the home.
 - Clean the roof and gutters.
Interior Touches
Make the interior of the home seem light and airy by doing some simple touches throughout the home. Clean the drapes, linens and blinds. Open the windows during an open house and turn on lights. Make it bright. Polish floors and clean all carpets. Add light colors throughout the home with towels, throws and pillows.
Clutter
Take a look at your furniture and closets. Eliminate some of the clutter in a home to give the impression of extra space. Take a look at your closets and reduce the amount of items in it. Put extra items in storage or donate unneeded items. Having only a few items in a closet makes it appear much larger. In the kitchen, reduce the counter space clutter by putting unused appliances away. Clean off the refrigerator. Also organize your garage and basement. If you do have to use your basement for storage, make sure that the items are organized and in boxes. Organized items make a space look bigger than just having items all over the place. Remember less is more.
Upgrades
Doing a few upgrades around the home before putting it out on the market could add extra dollars and generate more interest in the home. Kitchen and baths are the areas to look at. Upgrading appliances in the kitchen such as the refrigerator or stove can add extra appeal to a kitchen. Matching appliances are more appealing. Take a look at your faucets, if they are more than 10 years old, you might want to update them. Repairing and restoring finishes throughout the home or purchasing higher quality finishes can make a big difference as well. Adding new door handles to kitchen cabinets is another inexpensive option to update a kitchen.
Pre-Inspection Repairs
Getting a pre inspection done by a licensed home inspector can give you an idea of what the buyer will find. Any deferred maintenance needs to be addressed. Some of the common repairs that I see are broken window seals, leaking toilets or sinks, outdated electrical wiring, peeling paint. Make sure to service your air conditioner, water heater and furnace. Have these items cleaned and certified. If the tech requires a repair, fix it now because it will come up again in the buyer's inspection.
Backyard Updates
Just as your front yard makes a big impression to potential buyers as they drive by your home, the back yard is also an important area that many consider an additional entertaining space. Get rid of any piles of wood. Weed any rock bed areas. If you have a garden, tidy it up by removing weeds. Remove extra clutter in the backyard and replace any outdated or damaged toys & furniture. Also, make sure to paint your deck if needed and repair any cracked concrete. You can stage the backyard to show the entertaining capabilities of it by having yard furniture placed about.
Do Your Research The single most important factor in selling a home is price. When pricing your home for potential buyers, it is important to do your research. The Hoffman Home Team will provide a detailed real estate market report to show what the most current homes have sold. You want to know the pricing of other homes and/or recent sales in your neighborhood. Find out the recent features or upgrades that are being showcased in these homes to see how your home compares. You need to know what is going on in your specific neighborhood.

Additional articles for Real Estate Insider Tips can be viewed here.

Contact Heidi Hoffman and the Hoffman Home Team if you  are considering selling your home. The Hoffman Home Team will sell your home based on what your needs are. Contact Us Today 303-949-9770

Sunday, April 13, 2014

Search All Homes for Sale in Thornton

Search for all Homes for sale in Thornton Colorado. Welcome to Thornton's Home For Sale and Real Estate Market portal: your single stop to find a home in Thornton Colorado. Here you can search every available home for sale in Thornton Colorado via the MLS Metrolist system.

Here are some Thornton Homes for Sale:





Thornton Colorado & Homes For Sale. Have a home to sell in Thornton Colorado? Call the Thornton Real Estate Specialists at Keller Williams Realty and the Hoffman Home Team. Heidi Hoffman 303-949-9770

Wednesday, April 2, 2014

First Time Home Seller?

Are you ready to sell your first home and you don't know where to begin?

Contact the Hoffman Home Team and find out what we will offer to sell your home in the least amount of time, for the highest price possible and with the least amount of hassle.

Get more details about our home selling program:

In depth Real Estate Market Report specifically for your neighborhood
Learn about our Extensive Marketing Plan
Expert Negotiation Skills from our years of real estate experience

We are Full Time Real Estate Professionals with over 14 years of experience in the Denver Metro Area Real Estate Market. Contact us Today! 303-949-9770

Heidi Hoffman ~ Hoffman Home Team ~ 303-949-9770 ~ Keller Williams Realty