Denver Neighborhoods – Highlands LoHi

Denver Neighborhoods – Highlands LoHi

The Highlands  is one of the more sought after addresses in Denver. With some of the city’s most beautiful historic homes, recently redeveloped commercial areas and excellent transport links to the city’s business center in the downtown area, the Highlands has attracted a lot of attention. It is one of the more vibrant and interesting places to live in the city, which a diverse and active community.

During the early 19th century, immigrants from England, Scotland, Italy and Germany flocked to the area. The street names in the area and many of the historic landmarks still bear the marks of the area’s history. The Highlands contain some of the most historic and architecturally interesting buildings in Denver, which have been carefully preserved during the redevelopment of the area. A few of the interesting buildings are in the Stonemans’ Row and Highland Historic Districts. The neighborhood contains a variety fo different homes, including many high end lofts and condo’s, which many have been build in the recent redevelopment since the 1990s. There are still many historic single family homes left in the area.

The area is also riddled with unique feature such as Littleman Ice Cream, the Olinger building and the Highland Bridge just to name a quick few.

Photo Credit: DenverPost.com

Photo Credit: DenverPost.com

The Highlands neighborhood is a very attractive area in the city due to the combination of wide, tree-lined streets, parks, and historic buildings and homes. Highlands also has a wide range of shopping, dining and entertainment venues. Highland square is the main commercial area in the Highlands neighborhood. It contains a range of shops, boutiques, bars, farmers market and restaurants. Highlands Square attracts folks from all over Denver and Metro Denver.

Highlands Denver

 

More Information:

Near-by Parks: Hirshorn Park, Highland Park and Sloan’s Lake

10 Minutes to DownTown

15 Minutes to Shopping 16th Street Mall

5 Minutes to I-25

Closest Grocery Store is Sprouts and Safeway

Walk Score: 78

Bike Score: 82

Cole Postal Zip Code: 80211

madison

 

Sellers Market Negatives

Sellers Market Negatives

In a “hot” Real Estate market like Denver, the “word” on the street is that “Its Great to Be a Seller”. Here is the fine lining to that comment. In this market what are some ways a sellers market can actually be bad for sellers?

I was approached by a Blogger for TruliaLaura Agadoni and asked to weigh in on some of the issues that Sellers may have in a sellers Market.

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Colorado Home

What are some ways a sellers market can actually be bad for sellers?
If you are in a multiple offer scenario, sellers sometimes pick the offer with the most cash saving options. However, by not vetting these offers,
sellers may sit in a contract just to have it terminate 3 weeks later.Which can cause perception to buyer consumers of what is wrong with
the house.
Seller markets and hot markets combined, generate an influx of new agent and part time agents trying to get into the business. If you do not have an
agent that works full time in industry or at least if a new agent has access to a great mentor, the contracts can ruin a deal.
If a non seasoned agents (not meaning only years in business, but how many transactions done) write an offer or are on the listing side of
the arrangements, because of the high pace and demand of a sellers market. Details can be missed and or miss read. Putting sellers into a potential
issue later on the road. Be it while in contract or a law suit later on down the road.
It all depends on how the contract is written/agreed to that will protect both consumers in the long haul.
A sellers market brings out some of the “desperate” agents willing to take next to nothing to just get the deal. Seller then get a disservice as the
“expectation” is to just toss a sign it and it will sell. Getting a contract in a sellers market is not the hard part for a seller. Its making
sure they are protected, not signing multiple offers (yes this happens) and just hoping one of the buyers with drop, signing a deal that gives the
highest cash, but not paying attention to deadlines that can kill a deal (too far out, or unreasonable). Etc.

What do sellers do when the house sells fast, and now they are in a buyers’ market? And other problems sellers might
have.
A lot of rent backs are taking place. And then struggles with finding a place. Additionally, if you don’t close or sell by the the time you are
offering your contract add an additional contingency that others may not have. There fore potentially not giving said seller the best competitive offer.

Selling their home and then having to move twice. Once to an apt or temporary home then once again to their new home.

In a sellers market, homes that were not the most ideal product ie off a busy road, needs a lot of work, will get listed for a aggressive price and due to some buyer frustration and desperation to find a home, will purchase the home and not due some of due diligence needed.  So the then seller now buyer, can have potential to make a hasty choice rather then a educated and confident one. Make sure that there are some options available prior to listing, and come up with plan A, B, and C.

 

To read the article and see what other agent around the nation had to input just click HERE.

madison

 

Denver Neighborhoods – Five Points

Denver Neighborhoods – Five Points

The Five Points neighborhood is named because it is located at the point where the diagonal grid of downtown Denver meets East Denver’s rectangular grid, creating a five way intersection where Washington Street, 26th Street and Welton Avenue meet. The neighborhood lies within the east side of Denver.  Five Points is one of the oldest neighborhoods in Denver. Much of the neighborhood’s growth occurred during the 1860’s and there are many interesting, historic properties still standing within the area. The light rail and proximity of the neighborhood to downtown Denver have attracted many new folks into the neighborhood.

 

Credit; Westword

Credit; Westword

The history of the neighborhood and its African-American heritage can be explored in the Black American West Museum,  Styles African American American Heritage Center and Heritage Center, which is located within Five Points. The Five Points neighborhood is today a far more diverse community than ever. It attracts people from all over Denver. Both the Five Points Jazz Fest and Juneteenth is still held in the neighborhood every year and have become a major attraction. This festival celebrates the abolition of slavery.

Five Points

Five Points

More Information:

Near-by Parks:  Lawson Park, Benedict Park and Fuller Park

5 Minutes to DownTown

5 Minutes to Shopping 16th Street Mall

10 Minutes to I-25

Closest Grocery Store is Safeway

Walk Score: 85

Bike Score: 94

Cole Postal Zip Code: 80205

madison

Denver Neighborhoods – Edgewater

Denver Neighborhoods – Edgewater 

The Edgewater neighborhood, located on the western edge of Sloan’s Lake, is growing in popularity for young home buyers due to it’s accessibility to downtown Denver and affordable home pricing. Edgewater got its start as a cluster of fishing shacks in the early 1900’s, but has since grown to a full town with its’ own style and energy.

Edgewater

Edgewater

Edgewater Park, overlooking Sloan’s lake is a great place for kids to play and hang out, for adults to meet and greet or go boating, and for dogs to run (on a leash of course) near the water’s edge. The towns mayor, city council and business people feel that Edgewater’s time has come to create a true neighborhood character. Based on the location of the park and lake, and the well-attended Dragon Boat Festival held each summer on the lake.

 

 

Photo Credit: JoyRide Brewing

Photo Credit: JoyRide Brewing

More Information:

Near-by Parks: Sloan’s Lake Park and Walker Branch Park

23 Minutes to Downtown

35  Minutes to Shopping at Cherry Creek or 25 minute to Colorado Mills Mall

10 Minutes to I-25

Closest Grocery Store: King Soopers 

Walk Score: 69

Bike Score: 75

Edgewater Zip Postal Codes: 80214

madison

Denver Market Stats July

Denver Market Stats July

Wow things are really heating up in July! Denver Junes stats pushed the average home price up yet again.

www.dmarealtors.com sites default files content july_dmar_markettrendsreport1.pdf

**** Courtisy of DMAR

Although Denver has been on top of many a Media head line, those of us who are living breathing real estate have begun to notice a bit of a cooling.

Sellers are still getting great value from their homes. The big change is for the buyers, there are not as many mulitple offer situations, a little room for negotiation and not as much price testing from sellers.

The market is turning a bit more towards even for both sides.

If you would like to read the whole report you can click —-> July Denver Market Report 2015

Denver May Market Stats 2015

Denver Real Estate Market May 2015 Stats

REColorado just published their May 2015 market stats for Denver. They are super interesting and not surprising why we are making national news! Take a look for yourself.

Average Denver single family home sale price is pushing close to $420K and condo/townhome pushing closer to $260K.

REcolorado May 2015 Statistics Talking Points

REcolorado May 2015 Statistics News Relesase

Want to know how your home or investment is preforming in this market? Click on the question mark below for a customized report and stats for your property.

 

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What is my property worth?

Lender Loan Credit

Lender loan Credit, what is it? How can they help or when can they  be given?

Colorado Top Lenders Brett Baird and Mike Kenevan are here to share!

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For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Mike Kenevan AmeriFirst Lending 303-901-9978

Brett Baird CityWide Lending 303-548-7334

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Home Appraisal

Home appraisal, what is it? Why do you need it when you purchase a home? Why and how does that effect your loan and home purchase ability?

Mike Kenevan and Brett Baird, Colorado Top Lenders are here to explain.

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Now that you know a bit more, what if you are not purchasing but refinancing? This same process will still take place. However, if you are refinancing, make sure to reach out to me and I am happy to create an appraiser package to present to the appraiser to do all that is in your power to get the best value possible for your home. Please note, if you are out side of the Denver, Denver Metro Area I have affiliates that are also able to provide this service.

For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Brett Baird CityWide Lending 303-548-7334

Mike Kenevan AmeriFirst Lending 303-901-9978

madison

Escrow, impound for a mortgage explained

Escrow, impound …. explained!

Is it the same thing or is it different? What is the effect on a home loan/home mortgage? Brett Baird and Mike Kenevan some of my top lenders, in Colorado, are here to help answer frequent questions that they get asked!

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For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Brett Baird CityWide Lending 303-548-7334

Mike Kenevan AmeriFirst Lending 303-901-9978

madison

Different Loans Types such as FHA, VA, Conventional

What is a conventional loan? What is an FHA loan? What is the difference between different mortgage loans? Why is important to know? Brett and Mike are here to answer top Lender questions!

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For more information please feel free to contact Brett, Mike or myself.

 Sarah Bowles Colorado Native Realtor 720-83-SARAH (72724)

Mike Kenevan AmeriFirst Lending 303-901-9978

Brett Baird CityWide Lending 303-548-7334

madison