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Features That Will Help You Sell Your Observatory Park Home Faster: Sellers often ask their agents, "How long will it take it to sell my home?" A number of factors can affect the market, so the truth is there's no way to determine exactly how long it will take to sell a home. But, there are some features that are more attractive to buyers than others, so they can influence how long your home stays on the market. Your Observatory Park home could sell much faster than expected if it has any of these desirable features: Open Floor Plans Today's buyers want a home with a welcoming open floor plan. Not only do open floor plans make it easier to entertain friends and family, but they also let more natural light into the home, which is another reason why they are so popular. If you have a home with an open floor plan, make sure you ask your real estate agent to play this feature up in listing so buyers know your home is a must-see. Outdoor Gathering Spaces Buyers aren't just looking at what's inside the home when they decide which one they should buy—they want to see what's outside, too. Just like with open floor plans, buyers love having outdoor gathering spaces so they have one more option when it comes to entertaining guests. Even if you don't have a lot of space outdoors, if you have a small patio or quiet seating area near a garden, this should help draw more buyers in to see your home. Hardwood Floors Interior design trends come and go, but hardwood floors are forever. It's hard to find a buyer who doesn't immediately fall in love with the warm and luxurious look of hardwood floors. Hardwood instantly upgrades the room and makes it look more pulled together and elegant. It's also incredibly versatile, so it will almost always complement the buyer's existing furniture. Plus, this flooring material is more durable than carpet, which will need to be replaced every 8 to 10 years due to wear and tear. Hardwood is appealing to all types of buyers, but especially those with children or animals. When selling, hardwood floor beats carpet.   Storage Space Buyers, especially those with a family, tend to move when they run out of space in their current home. This means they are on the prowl for a home with a lot more storage space. Make sure your real estate agent talks about your home's space in the listing. Include information on the number of closets and pantries, and try to get an estimate of the square footage in the garage and attic. All of this information will make your listing much more attractive to buyers, who will be knocking down your door trying to make the first offer on your home! Are you ready to sell your home in Observatory Park? Talk to the professionals! Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/9621/Features-That-Will-Help-You-Sell-Your-Observatory-Park-Home-Faster?utm_source=dlvr.it&utm_medium=gplus #blog

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Who Pays Closing Costs in Lowry Real Estate Transactions?: Buying a new home can be expensive, and unfortunately, many buyers tend to forget to budget for the extra expenses that come along with closing costs. Before you begin to look for a new home on the Lowry real estate market, make sure you understand who pays what during a home closing. First, what are closing costs? If you've never purchased a home before, you may be confused as to what closing costs are, let alone who should pay for them. Closing costs are fees associated with closing the deal to purchase a new home. Prior to a closing, both the buyer and seller will receive a document with line items such as "real estate agent's commission" and "title insurance" along with the cost of each. Buyers will be responsible for some fees, while sellers will be responsible for others. Learn more about closing costs here. What do buyers pay? Many fees that the buyer has to pay are associated with obtaining a loan to pay for the house. If you are financing your new home, you may have to pay the credit report fee, bank processing fee, prepaid insurance, tax servicing fee, flood certification fee, origination fee, recording fee, notary fee, title insurance, prepaid interest, and appraisal fee. All of this information will not be found on the closing statement, but rather on a document known as a loan estimate form, which is provided by the lender. Buyers may also be responsible for paying the home inspection and survey fees. What do sellers pay? Although sellers are not responsible for as many line items on the closing document as buyers are, they are responsible for the one expense that could be the highest of them all: a real estate agent's commission. The seller will need to pay the agent a percentage of the sales price of the home. This percentage is agreed upon when the agent is hired to take on the listing. In some situations, sellers will also need to take care of any unpaid homeowner's association fees, as well as the remaining balance of the property tax on the home that is being sold. Is there room to negotiate? If the seller is motivated to sell and has not had much interest from other buyers, you may be able to negotiate the terms of closing costs. Some sellers are willing to take some of the burden off of buyers in order to close the deal, while others are not interested in helping buyers come up with the cash for closing costs. You never know until you ask, so talk to your agent about whether it's a good idea to mention this to a seller when presenting an offer on a listing. Now that you know what closing costs you will be responsible for, are you ready to move forward with purchasing a home? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/9550/Who-Pays-Closing-Costs-in-Lowry-Real-Estate-Transactions-?utm_source=dlvr.it&utm_medium=gplus #blog

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What Happens During a Home Inspection in University Park in Denver?: Ready to buy a home in University Park in Denver? After the seller accepts your offer, you will need to arrange for an inspector to come take a closer look at the house before you close on it. An inspection is done to ensure the buyer is aware of any existing problems with the home. Unfortunately, many deals fall through because of the results of a home inspection, so this an important step in the buying process. What do inspectors look for? Here's what you need to know: The Roof Replacing or repairing a roof can be expensive, so you will definitely want to know prior to buying a home whether this will need to be done. An inspector will climb on top of the roof to check for signs of damage. He will look at the current condition of the shingles or other roofing material, and look for any signs of wear and tear on the flashing around the chimney. After he is done, he will be able to give you a better idea of what condition the roof is in, including information on whether or not you will need to make repairs. The Foundation It's difficult to spot issues with the foundation if you're not a trained professional, which is another reason why home inspections are so beneficial to homebuyers. An inspector will closely examine the foundation of the home to look for cracks or any signs of water damage. Both of these issues are very expensive to fix, and many buyers will drop out of a deal if they turn up on an inspection report. How worried should you be about cracks in the foundation? Find out here. The Electrical System An inspector will also look at the home's electrical system to make sure there are no faulty connections or overloaded circuit breakers that could be a safety hazard. He will also test each of the switches and outlets in the home to determine which, if any, are not functioning properly. The Plumbing Plumbing issues can be a headache for new homeowners, but luckily you will know about any existing issues with the plumbing if you hire a home inspector. During a home inspection, the inspector will check every faucet, toilet, and showerhead to ensure the water is flowing through the pipes properly. He will also look for signs of leaks that you should know about. In the report, you should get a detailed evaluation of the plumbing with this information. The HVAC System The inspector will usually turn on the heating and cooling system the moment he arrives to the home to make sure it works. Usually, an inspector will let the heat or cool air flow while he does the rest of his inspection, and then look at the HVAC system last to see how well it controls the temperature in the home. Now that you know what happens during a home inspection, are you ready to move forward with purchasing a home? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/9465/What-Happens-During-a-Home-Inspection-in-University-Park-in-Denver-?utm_source=dlvr.it&utm_medium=gplus #blog

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Restaurants Opening in 2017 Near Goldsmith Real Estate: One of the reasons why so many homebuyers ask to see Goldsmith real estate is because of the many recreational opportunities located close by, including malls, museums, parks, and of course, restaurants. As if Denver didn't have enough restaurants already, there are dozens more scheduled to open this year, including: White Pie Jason and Kris Wallenta, the two brothers behind the Dos Santos restaurant, are now setting their sights on opening a pizzeria early this year. The new restaurant, which will go by the name White Pie, will feature a huge, wood-fired oven in the center of the space, surrounded by a pizza bar and communal seating. The Post Chicken & Beer There are already two restaurants from the Post Brewing Company in Colorado, one in Lafayette and the other in Longmont. Now, the company is expanding into the Denver area with The Post Chicken & Beer, which will open later this year on South Broadway. Denver foodies are already anxiously awaiting the opening of this restaurant, which is famous for its crispy fried chicken and beer. Stella's on 16th Opening in late January, Stella's on 16th is expected to be a café-style restaurant serving everything from gourmet burgers to breakfast skillets. The restaurant will also have a full bar and an outdoor dining space complete with decorative fire pits to keep guests warm in the winter. Punch Bowl Social Developers broke ground on the Punch Bowl Social location back in September, but the exact opening date is still to be determined. The Punch Bowl Social brand is associated with gaming, so fans can expect the same level of entertainment at this new location, which will feature indoor and outdoor dining areas plus separate spaces for gaming and fun. Take a look inside the future Punch Bowl Social in Stapleton. Tavernetta Lachlan MacKinnon-Patterson and Bobby Stuckey, the duo behind the beloved Frasca Food & Wine, are finally giving into the demands of Denver diners and opening a new restaurant later this year. Tavernetta will feature classic Italian dishes, such as tortellini e brodo and pasta carbonara, along with an extensive wine list. If you're looking for authentic Italian food, Tavernetta is the place to go. In fact, the chef, Ian Wortham, has even made multiple trips to Sicily to research the cuisine. Hickory & Ash Open for brunch, lunch, and dinner, Hickory & Ash will begin serving the Denver community in April of this year. Eco-conscious diners will love that the menu features locally sourced and sustainable foods, including short rib pastrami, glazed bone-in pork chop, and steak tartare. If you're a vegetarian, you won't go home hungry when you dine at Hickory & Ash. The menu also has multiple vegetarian dishes that pair brilliantly with the unique craft cocktails and local brews. Ready to learn more about why so many buyers are moving to Goldsmith, the neighborhood in Southeast Denver? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/9265/Restaurants-Opening-in-2017-Near-Goldsmith-Real-Estate?utm_source=dlvr.it&utm_medium=gplus #blog

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Popular Green Features Seen in Homes in Observatory Park in Denver: As today's buyers become more and more eco-conscious, developers, builders, and homeowners have begun to incorporate green features into homes in Observatory Park in Denver. If you're about to begin looking for a new home in this area, here are some of the most popular green features you should expect to see: Solar Panels Although it is fairly expensive to install solar panels, they save homeowners so much money on electricity that they end up paying for themselves in just a few years. Buyers are drawn to homes with solar panels because of the potential to save thousands of dollars per year on electric bills. Because you can get a tax credit for installing solar panels, this is a popular eco-friendly upgrade among Denver homeowners who are hoping to sell their home in the near future. Energy Star Appliances Today's buyers are also drawn to homes with Energy Star appliances in the kitchen, laundry room, and around the house. Energy Star appliances are designed to use less electricity and water than traditional models, so they help homeowners cut back on utility bills month after month. How much will you save with Energy Star appliances? It varies depending on what appliance you have in your home. For example, it's estimated Energy Star dishwashers can help you save $35 per year, which can be used to buy dish soap to clean your dishes for the year! Learn more about Energy Star appliances here. Smart Home Products There are a number of new products on the market that are advertised as a way to make your home smarter, but the truth is they make your home much greener, too. For example, a programmable thermostat allows you to preset how you want your home to be heated and cooled. This product allows you to adjust your settings during the hours no one is home so you can cut back on energy usage. There are also smart lights, which can be turned on and off from an app on your phone, so you'll never forget to turn off your lights when you leave home again. These products make life more convenient, but they also help you conserve energy, which is why homes that have these features are so attractive to today's buyers. Green Building Materials Builders can also appeal to more buyers by using greener materials. Switch out dry wall for wheat sheets, and choose soy-based instead of traditional adhesives that are full of volatile organic compounds (VOCs). Builders should also make an effort to choose formaldehyde-free wood, which is a greener choice than standard plywood. All of these minor changes will increase the value of the home and attract more buyers who are eager to live in a greener, eco-friendly space. Are you interested in buying or selling a home in Observatory Park in Denver? Don't hesitate to talk to the experts. Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/8968/Popular-Green-Features-Seen-in-Homes-in-Observatory-Park-in-Denver?utm_source=dlvr.it&utm_medium=gplus #blog

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Challenging Colorado Property Tax Assessment if You Think it is Wrong: Did you know that you can investigate your own local government regarding the property taxes that they have assessed for your home? If you think that the property tax is too high for the value on your property, you have every right in the state of Colorado to challenge the tax assessor's final recommendation. Calculate your Colorado Property Tax today! Is it too high for your property size, location or home value? Learn below how it is possible to lower the taxable value of your Colorado property, possibly reaping amazing tax savings. To be successful at challenging your property's taxable value, there are certain things that you have to establish. The Colorado Tax Assessor Had Wrong Information If the tax assessor used incomplete or inaccurate information, you have the right to challenge. For instance, if tax assessment professional assumed that your home is 2,200 square feet and you know for sure that it is only 1,900 square feet; you have a legitimate claim of inaccuracy. The tax assessor should use similar properties in the community to come up with a taxable value. If a property used by the tax assessor is not entirely the same as yours, then the information is inaccurate. The same is true if the assessor uses a higher market value, assuming it is the right one. If you are quite convinced that any or all of this information is not factual, it is time to consider another strategy to get your property taxes reduced. Tax Assessor Discussion If your discovery is convincing proof that the tax assessor has not provided an accurate value of your property, then the tax assessor upon a thorough discussion with you may agree to make changes to the value. If that takes place, then you won't have to opt for an administrative appeal. Go to the directory of the Colorado Tax Assessor and find contact information to make an appointment. The Appointment Tax assessors are very hard working individuals who take pride in the work that they do. They do the best job in treating property owners fairly. So, it is ideal to give them the benefit of the doubt by having a sit down to discuss the details. Prior to meeting with the tax assessor's office, be sure to have additional copies of the proof found such as the reports used by the tax assessor and the correct property value that you researched. Try not to be argumentative or complaining. Approach this with as much professionalism that you can muster. In other words, stick to the evidence of lower taxes for your home. If proven, the tax assessor might make the changes right away or you may have to give the assessor a few weeks to resolve. The Appeal If an agreement cannot be reached with the tax assessor, you can make an administrative appeal to the higher offices. You can file a written formal appeal, protesting the assessor's valuation. In the state of Colorado, the appeal must be delivered to the office by June 1. If you are not sure about the additional documents to file, call the office of the tax assessor to find out. Your appeal will be addressed to the County Board of Equalization in the state of Colorado, but deadlines for filing are different for different counties. So, be sure to double check. Here is some of the evidence accepted for an appeal: Recent home appraisal Report of repair work conducted by a contractor Documentation for neighborhood sales price Pictures of similar homes with a list of the sales prices or tax values The Hearing At the appeal hearing, you will receive up to ten minutes to discuss your case. So, try to be as succinct as possible. If you are not in agreement with the County Board's appeal decision, you can go a step further by appealing to the Colorado Board of Assessment Appeals or to the Colorado District Court. You can also take your argument to an arbitrator. You may need legal representation for any court appearance. For help in determining your property value, it is first recommended that you speak to a real estate professional in the area that has full knowledge of the real estate market in your neighborhood. Contact Elevation Realty to discuss your options.Call them today at 303-579-3566! http://observatoryparkrealestate.net/blog/8903/Challenging-Colorado-Property-Tax-Assessment-if-You-Think-it-is-Wrong?utm_source=dlvr.it&utm_medium=gplus #blog

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Lowry Real Estate Agents Discuss Popular Home Styles in Denver: If you're planning on buying a new home on the Lowry real estate market, you will have to make a lot of decisions about what you want out of your new space. How many bedrooms? Bathrooms? Which neighborhood do you want to live in? And of course, what style home do you prefer? Let's start with that last question by taking a look at some of these popular home styles in the Denver area: The Denver Square This style is formally known as the American Foursquare, but it's now affectionately called the Denver Square in this area. The front of this style of home is square and symmetrical, hence its name, and the inside typically has two stories with the exact same number of square footage on each. Most of these homes are built from brick, but other natural materials are used in some cases. Although these homes were originally built following the Victorian period, they are still loved among Denver residents because they are easy to renovate and remodel. Craftsman Bungalow Bungalows are designed with simplicity in mind. These homes are smaller than other styles, and only have the bare minimum such as bedrooms, bathrooms, a kitchen, and a versatile living room. Most bungalows are single-story homes laid on a basement foundation with large front porches. However, builders have recently started to take inspiration from the bungalow and use it in a wide variety of home designs, so it's entirely possible to find a mansion that has been inspired by this architectural style. Tudor First introduced in the 1920s and 1930s, the Tudor architectural style remains popular throughout the Denver area today. Named after the English Tudors, these homes are reminiscent of homes you would typically find in the English countryside. The Tudor style is versatile, so you can find homes of all sizes designed with this look in mind. Tudor-style homes are usually built with brick or stone, and feature high, steep roofs and a spacious, open floor plan on the inside. If you want the romance of the countryside without leaving the city, the Tudor style home is perfect for you. Learn how to get the look of the Tudor style here. Mid-Century Modern Mid-century modern homes were first introduced after the end of World War II, but they are still loved by architectural enthusiasts everywhere. These homes are characterized by flat roofs and symmetrical design. Many of these homes feature large, beautiful windows and open floor plans to create a warm, inviting space for families. Once you walk inside, you may notice a few small steps down to the sunken main living area. This design, known as a split-level space, is widely used in mid-century modern homes. Do you see a popular home style you love? Now, all you need is an agent to help you find your dream home with this style. Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/8830/Lowry-Real-Estate-Agents-Discuss-Popular-Home-Styles-in-Denver?utm_source=dlvr.it&utm_medium=gplus #blog

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University Park in Denver Spotlight: Mid-Century Modern Style: Are you planning on purchasing a home in University Park in Denver in the next few months? If so, you may have started to imagine how you want your new home to look. One trend that has been made a splash in the interior design and architecture world is the mid-century modern style, but is it right for you? Take a look at this trend to see if it's what you're looking for in a new home: Characteristics of Mid-Century Modern Homes Just as its name suggests, mid-century modern homes were built between the years of 1945 and 1980, however many newer homes have also began to use this style in their design because of its popularity. These homes are characterized by flat planes and symmetry. In fact, many of these homes were designed with flat roofs. When you walk into a mid-century modern home, it will most likely be flooded with natural light. This is because this style uses large windows and glass doors to let natural light inside. The large windows combined with the open floor plans of mid-century modern homes lets natural light in more than many other architectural styles. You may also notice steps within the home leading you from one room to another. Many of these homes are designed with one or two steps that lead you down into the family or living room. These are known as split-level spaces, and they are incredibly popular among mid-century modern homes. Learn all about midcentury modern architecture here.   What to Consider Before Buying a Mid-Century Modern Home If the home you're interested in has a flat roof, it's important to understand the risks that come along with this design. Flat roofs tend to leak more than other roofs because there is no slope to allow water to drain off as it should. If you move into a home with a flat roof, make sure you keep a close eye on it to spot issues as soon as they arise. If the home was built during the original era of mid-century modern homes, make sure you get a detailed home inspection to check for serious issues. It's always better to be safe than sorry when dealing with a home that has been lived in for decades. What should you do if you can't find a mid-century modern home within your budget or in the location you desire? Try to incorporate this style into your interior decorating choices instead. Choose minimalistic furniture pieces with clean lines and wood detailing to give your home a mid-century modern vibe. Pick vintage accessories to scatter throughout your home, such as a bar cart, which has a definite retro feel. Even if your home is not architecturally considered mid-century modern, the inside will still show your love and appreciation for this style. Ready to learn more about buying, selling, and decorating homes in University Park? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/8700/University-Park-in-Denver-Spotlight--Mid-Century-Modern-Style?utm_source=dlvr.it&utm_medium=gplus #blog

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Goldsmith Real Estate Agents Analyze NAR Home Buyer and Sellers Survey: Every year, the National Association of Realtors (NAR) releases a survey that shows different homebuyer trends for that year. The first survey was released 35 years ago, so this year, Goldsmith real estate agents at Elevation Realty have decided to take a look back at how times have changed in the last 35 years.   Real estate agents are still vital to the process. When the internet was first introduced to the world, many people thought it would eventually replace the need for realtors. After all, now buyers could access listings of different homes without asking a realtor for help. Although the survey shows a clear increase in the number of buyers who use the internet to look for a home, it also shows that despite having the internet available, buyers and sellers are still working with real estate agents.   Younger generations are still struggling to afford a home. In 2015, only 32% of home sales involved a first-time buyer, compared to 50% of home sales just five years prior. This shows that many people may still be struggling to save up a down payment on a new home because of unemployment or student loan debt. Are you struggling to put money aside that you can use towards your down payment? Millennials, here's how to save for a down payment.   Homes are basically the same size they've always been. In last year's survey, the average single-family home that was purchased by buyers was 2,000 square feet. But, this result is not unusual for the NAR survey, considering it has been the average single-family home size for seven different years. What does this show us? Not much has changed. In 1981, first year the survey was conducted, the average single-family home purchased was 1,700 square feet, which is not a significant difference from today's numbers.   It takes longer to find a home. Surprisingly, it is taking buyers longer to find a home these days than it did back in the 1980s, despite today's consumers having access to the internet. In 2015, it took buyers an average of 10 weeks to find a home once they began their search, compared to just 7 or 8 weeks back in the 1980s. Why? It's hard to say. It could be because there isn't as much inventory available for buyers, or it could be attributed to pickier buyers who spend more time finding the perfect home.     Down payments are going down. In 1989, which was the first year the survey touched on down payments, first-time buyers were making an average down payment of 10% of the purchase price of the home. How does that compare to today? In 2015, first-time buyers were only putting an average of 6% of the purchase price down on a home. This could mean that lenders are more flexible today than they were back in the 1980s.   Ready to learn more about buying, selling, and maintaining homes in Goldsmith? Contact Elevation Realty to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. http://observatoryparkrealestate.net/blog/8546/Goldsmith-Real-Estate-Agents-Analyze-NAR-Home-Buyer-and-Sellers-Survey?utm_source=dlvr.it&utm_medium=gplus #blog

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New Listing: 3121 S Tamarac Dr #K104: This move-in-ready, ground level, 1/1-unit just steps from Bible Park, the High Line Canal & 5 minutes to DTC! Patio looks out onto courtyard/trees. New furnace, AC, hot water tank, & fridge. New front load, stack. washer/dryer (yep- laundry in unit). Great HOA amenities, including indoor & outdoor pools, tennis courts, clubhouse with party/kitchen area, workout equipment, & racquetball court for under $200/mo! Deeded parking space & storage space. Walk to Tamarac Square, Whole Foods & Target. FHA warrantable! Check back for pics (being taken, Tue). VIEW THE VIRTUAL TOUR: View this tour in a new window.   CONTACT RYAN MCDANIEL FOR MORE INFORMATION http://observatoryparkrealestate.net/blog/8486/New-Listing--3121-S-Tamarac-Dr--K104?utm_source=dlvr.it&utm_medium=gplus #blog
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