Tuesday, September 7, 2010

Denver Real Estate Market Update - July 2010

% Change vs
JULY 2010Prior MonthYear Ago
Single Family (Res + Cond)
Under Contract3,808-1.98-27.96
    Avg DOM864.55-14.58
    Avg Sold Price$269,704-1.396.72
Under Contract3,050-3.54-27.35
    Avg DOM843.70-14.29
    Avg Sold Price$297,218-0.727.43
Under Contract7584.84-30.33
    Avg DOM936.90-14.68
    Avg Sold Price$154,209-10.13-6.84

*Courtesy of Denver Metrolist

Denver Real Estate Market Update for August 2010 will be coming soon...

Thursday, September 2, 2010

A Taste of Colorado 2010 - Labor Day Weekend

A Taste of Colorado
Labor Day Weekend — Sept. 3 through Sept. 6, 2010

DENVER – Colorado’s annual Labor Day weekend celebration, A Taste of Colorado, returns to Downtown Denver’s Civic Center Park on Friday, Sept. 3 through Monday, Sept. 6, 2010.

In its 27th year as the state’s largest free-admission outdoor event, A Taste of Colorado draws more than 500,000 visitors annually. Six entertainment stages include national, local, and ethnic music in a variety of genres, children’s performers, and much more. Festivalgoers also can try a variety of culinary delights from more than 50 of Colorado's favorite food establishments, including a fine dining area and culinary showcase. Plus, visitors can enjoy the offerings of more than 270 marketplace artisans and vendors, as well as educational programs promoting the diverse cultural and Western heritage of the region.

WHAT: A Taste of Colorado — FREE ADMISSION
WHEN: Friday, Sept. 3 through Monday, Sept. 6, 2010
WHERE: Civic Center Park, Downtown Denver (at the intersection of Colfax Ave. & Broadway)
HOURS: Friday: 11:30 a.m. – 10 p.m.
Saturday and Sunday: 10:30 a.m. – 10 p.m.
Monday: 10:30 a.m. – 8 p.m.

A Taste of Colorado is a community celebration that is produced by and benefits Downtown Denver Events, Inc., the Downtown Denver Partnership family’s community events non-profit organization. The Festival is an opportunity for people throughout the region to come together to experience and appreciate our diverse cultural traditions, and to learn more about our state’s Western heritage. A Taste of Colorado highlights visual and performing arts in addition to featuring educational programs and culinary demonstrations.

A Taste of Colorado - Featured Restaurants

Reward Your Taste Buds

No matter what foods make your mouth water, you will find them at A Taste of Colorado. More than 50 of Colorado's favorite restaurants and food vendors will be there offering small portions to full meals. Here are some of the lip-smacking options to expect at the Festival:

528 Degrees
Alpine Sausage Company
Baker St. Pub & Grill
Bayou Bob's
Berrie Kabobs
Bubba Gump Shrimp Co.
Caribbean Cuisine
Caldonia's BBQ
Chimayo Mexican Grill
Colorado Buffalo Grill
Falafel King
Famous Dave's Bar-B-Que
Funky Buddha
Gelazzi Gelato
GiGi's Cupcakes
Grand Lux Café
Hard Rock Café
India's Pearl
India's Restaurant
Kinga's Lounge
La Fondue
Ling & Louie's
Lora's Donuts and Bakery
Mustard's Last Stand
Rocky Mountain Turkey Legs
Rosa Linda's Mexican Café
Saj Mediterranean Grill
Saltgrass Steak House
Salt Water Cowboy
South Philly Cheesesteaks
Sweet Lorraine's Deli
Texas de Brazil
Tokyo San Bowl

WHAT: A Taste of Colorado — FREE ADMISSION

WHEN: Friday, Sept. 3 through Monday, Sept. 6, 2010
WHERE: Civic Center Park, Downtown Denver (at the intersection of Colfax Avenue and Broadway)
HOURS: Friday: 11:30 a.m. – 10 p.m.
Saturday and Sunday: 10:30 a.m. – 10 p.m.
Monday: 10:30 a.m. – 8 p.m.

View Civic Center Park - A Taste of Colorado in a larger map

Wednesday, September 1, 2010

The Tax Credit Alternatives

It has now been over 4 months since the Federal Government Home Buyer Tax Credit has expired.  There are still real estate professionals and home buyers mourning the loss of the $8,000 incentive.  The opportunity, however, is not gone just because the Government no longer offers it.

With a little creativity with the sellers and your lender, we can up with your own 'tax incentive plan' and save well over $8,000!

  • Buy down your interest rate.  An rate buy-down can save you tens of thousands of dollars over the life of the loan.
  • Ask the Seller pay for your closing costs and/or concessions.
  • Negotiate for a lower price.  We at Signature Realty have been successful in negotiating as much as 6% below the seller's asking price for buyers in this market.
  • Get in on the historically lower interest rates!  Today's interest rates are the lowest in 40 years.
The money you make and save using a combination of any or all of these opportunities will make a measly $8,000 look like chump change.

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Tuesday, August 31, 2010

Monday, August 30, 2010

Get Buyers To Make Better Offers On Your Home

1. Price it where the buyers are buying. Set a price at the lower end of your property’s realistic market value range. When you buy a home, wouldn't you want a great price on a home?

2. Get ready for buyers. Get your house market ready at least two weeks before you begin showing it. The time invested in preparing and fixing up your home will pay off in the end. If you need help staging your home, Signature Realty has an on-staff home stager!

3. Be flexible with showings. Fast, unexpected showings are often inconvenient. The easier it is to show your home, the greater the chance for a buyer to submit an offer.

4. Anticipate the offers. Consider beforehand what price and terms you accept.

5. Make the decision quick. When you do get and offer, make your decision as quickly as possible. Psycologically, it lets the buyers know you are serious and know what your want.

6. Don’t refuse to adjust the price. If your home has been on the market for more than 30 days without an offer, you should be prepared to at least consider lowering your asking price. Little to no showings means you are within 5% over market value. Now showings means 10% over or more.

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