Denver Neighborhoods – Park Hill

“In 1887, Baron Alois von Winckler platted the original Park Hill development on 32 acres (130,000 m2) of land he owned east ofCity Park. This development was bordered by present day Montview Boulevard on the south, Colorado Boulevard on the west, East 26th Avenue on the north, and Dahlia Street on the east, placing it in what is now the western portion of South Park Hill.

In 1898, in response to the Spanish-American War, Baron von Winckler allowed land directly north of the original development to be used as a camp for the Colorado National Guard. It housed 1,400 troops in tents. Shortly after this, the Baron committed suicide, reportedly after seeing the troops leave for the Philippines.

The first homes in Park Hill were offered for sale in 1900. As the neighborhood grew, settlers from many nations, including England, Denmark, Germany, the Netherlands, and Italy, moved in, as did African Americans. After World War II, residential development increased in the northern part of the neighborhood.”

–Wikipedia

Park Hill

Denver Home Prices UP Almost 10% in January

The market is picking up quickly! Check out THIS PRESS RELEASE with data showing Denver’s home values increasing.

Denver Market Moving Quickly… The Importance of Pre-Qual To Make a Buyer Competitive

For many new homebuyers, the terms pre-qualification and pre-approval seem interchangeable. But they are not — and the distinction is an important one. When a homebuyer is pre-qualified, the lender performs a quick check to determine generally how large a home loan the buyer can afford. Essentially, when a buyer is pre-qualified, the lender is saying it would most likely approve the buyer for “x” amount.

Pre-approval goes much deeper. In order to issue a pre-approval, the lender examines and verifies the borrower’s debt, income, savings, assets and credit report to ensure the borrower can repay the loan amount. Where pre-qualification is a sort of educated guesstimate of the buyer’s purchasing power, pre-approval says the prospective lender would definitely be approved for the loan.

This is particularly useful when home shopping for multiple reasons. To begin with, pre-approval instantly lets you know what your actual budget is. Knowing what you can afford from the outset will help you and your real estate agent better focus your efforts.

Being pre-approved also provides you with an advantageous position over other buyers, because pre-approval assures the seller that you have access to the loan necessary to back your offer. Your lender will provide you with a letter or certificate demonstrating that you are pre-approved for a certain amount of money, which you can provide as part of your offer.