Just Listed by Kim Taylor: Crawford Home on 40 Acres

Once again, I’m pleased to promote a new Western Slope listing by Kim Taylor, a former broker associate. Located at 34499 Fruitland Mesa Road in Crawford, it has stunning mountain views from almost every room! This fantastic home is in immaculate condition, ideal for those who work from home, with high-speed internet and great cell service, yet close to the outdoor recreation opportunities of Black Canyon National Park, Crawford State Park, and the West Elk Wilderness. The open concept kitchen and dining area leads out to the large covered deck over-looking the property and facing the West Elks. The finished walk-out lower level apartment provides ample space for guests or a multi-generational living opportunity with its full bath and kitchenette. Creative attention to detail is evident in every aspect of this home including the decorative concrete pathways circling the house, the wrought iron fenced garden with raised beds and granite paths, the outdoor hot tub for stargazing, and over 2½ miles of your own private trails for walks, snowshoeing or ATV rides! And best of all, no traffic! Just listed at $619,000.

Watch a narrated video at www.FeelsLikeHome.info, or call Kim at 303-304-6678 for a showing.

Just Listed: 3-Bedroom Home Atop Golden Gate Canyon

You’ll love the remoteness and quietness of this home’s location at 1296 Golden Gate Drive, just 12 miles from downtown Golden! The drone footage at the end of my narrated video tour  at www.FoothillsHome.info captures that remoteness well. Built in 1997, this 2,798-square-foot home on two acres is more than your typical foothills cabin, with its oversized 2-car garage, its great room with its freshly refinished hardwood floor, wood burning stone fireplace and vaulted ceiling. There are three decks, too —  the wraparound main-floor deck with direct access from the master suite, and two smaller decks upstairs, outside both bedrooms and the loft. Because this home’s in Gilpin County, the property taxes are only $718/year. Just listed at $650,000.

After you’ve watched the video tour, come to the open house on Saturday, May 4th, 11 am to 2 pm.  Or call 303-525-1851 for a showing!

Timing the Sale of Your Current Home and Purchase of New Home Can Be Challenging

Have you faced this dilemma? You want to buy a home that better fits your family’s needs, but you are stymied by the need to sell your current home to pay for the next one.  So you stay put in a home that doesn’t quite meet your needs.

There are several ways to tackle the challenge of buying a home when it depends on selling your current home. Let’s look at different scenarios based, first of all, on the amount of equity you have in your current home.

If you own your home “free and clear” and are downsizing to a lesser priced home, the easiest path is to take out a home equity line of credit (or HELOC) on your current home. This kind of loan is easier to obtain than a standard mortgage, especially when done through a credit union. Note: You must do this before going on the market.

When I obtained a HELOC from a credit union, they didn’t even charge for title insurance and did only a “drive-by” appraisal, and the closing took place at the loan officer’s desk with no closing fee. It couldn’t have been easier.

If you have a mortgage on your home but still have substantial equity, a HELOC can provide the cash you need for a 20% down payment, which is what’s required to get the most favorable interest rate on the mortgage for the home you’re buying. You would no longer be a cash buyer for your new home, and the mortgage lender for your home purchase may make the sale of your current home a condition for approving the loan on your new home, depending on the size of your income and the ratio of your debts to your income. But that doesn’t mean you can’t succeed in buying the new home.

Under the right circumstances, a seller and his/her listing agent will consider an offer that is contingent on the sale of the buyer’s current home. I have succeeded in this process as a buyer’s agent by showing that the buyer’s home is ready to be listed immediately and will be priced to sell quickly based on a market analysis.

Don’t expect, however, to win a bidding war against non-contingent buyers. You can avoid bidding wars and succeed with a contingent offer by looking only at homes that have been on the market over two weeks. Your agent can set up an email alert with that being one of the search criteria. Then be sure to include in the contract the price that you are going to list your home and submit with it a market analysis demonstrating that it is priced to sell quickly. That market analysis should include a spreadsheet of comparable homes sold in the last six months, showing days on market, and a price per square foot that is higher than the price per square foot of your home at the listing price specified in your offer. Your agent could even enter the home on the MLS as an “incoming” (not yet active) listing, complete with high quality photos, showing that you’re ready to “pull the trigger” immediately after your contract is accepted on the new home.

The contract to purchase your new home could have a closing date of 45 to 60 days, and if you have priced your current home correctly, you should get multiple offers and be under contract within, say, four days with a buyer who has agreed to match the closing date on your new home.

One of the deadlines in a contract to buy a home is the contingency deadline, after which you would lose your earnest money if you fail to close on your purchase.  That date should not be the day of closing but maybe a week earlier. If the contract to purchase your current home has the same date for that last opportunity for your buyer to terminate and get their earnest money back, you can have some peace of mind about everything working out well.

When I write a contingent contract, I like to add a provision that the seller can terminate if my buyer’s home is not under contract within, say, a week or 10 days after going under contract. That increases the likelihood of acceptance.

(I’ll write about the challenges facing renters who want to become home owners in next week’s column.)

Just Listed: A Rare Mesa Meadows 5-BR Ranch-Style Home

This 5-bedroom, 3-bath home is at 594 Wyoming Circle, Golden. (See below.)It was just listed at $675,000. You’ll love the updated kitchen with hardwood floor, slab granite counters, pantry, and gas fireplace! The updated master bath is also a highlight, with its fabulous shower and free-standing soaking tub. The stamped concrete patio has an inlaid vegetable garden and pergola. Vaulted ceilings give this home a spacious, welcoming feel which you and your guests will appreciate. And it’s in Golden proper! New exterior paint and roof, too. A bicycle-pedestrian trail to Downtown Golden is 1/2 block from the front door, and a trailhead for the North Table Mountain Open Space Park is a block away. Open House is Saturday, April 27th, 11-2. or call 303-525-1851 for a private showing.  See interior pix and a narrated walk-through at www.MesaMeadowsHome.com.

4-BR Mid-Century Modern Home in Paradise Hills Just Listed by Chuck Brown

Looking for an opportunity to purchase a large home in the foothills to make your own?  It was just listed at $725,000. This custom ranch-style home with walkout basement is at 266 Lamb Lane in Paradise Hills near Genesee and is only 25 minutes from downtown Denver. The home features 4,313 finished square feet with 4 bedrooms, 4 bathrooms, 3 fireplaces, 3 living rooms, an outdoor swimming pool, dramatic foothills views from every room, and 1965 mid-century modern architecture that is sure to impress. Major improvements include a new roof (in 2017) and 2 new boilers (in 2008). There is too much to mention in this space, so be sure to view the video tour at www.FoothillsHome.infoOpen house is Saturday, April 27th, 11 am to 2 pm.  Call Chuck Brown at 303-885-7855 to schedule a showing.

Readers Responded in Great Numbers to Our Offer of Free Neighborhood Alerts

In last week’s column, I offered to set up Free Neighborhood Alerts for any reader who wanted to keep track of real estate activity in his or her subdivision or larger area. The response was overwhelming. I myself have received over 40 requests, keeping me so busy that I’ve had to make time to write this week’s column!

I’m not complaining. My broker associates and I are pleased to make this service available to everyone who wants it, and we’ve become pretty efficient at creating these free alerts.

We’re able to fulfill more requests, so feel free to ask for your own neighborhood alert. All our broker associates are able to create these highly personalized reports.  Just give us your address and the boundaries of the area you wish to monitor. The initial alert will tell you all the active, under contract, sold, withdrawn and expired listings in that area, going back 90 or 180 days or longer. Future alerts will come to you within 15 minutes of a new or changed listing being entered on the MLS. You will literally be up-to-the-minute in your knowledge of real estate activity in your neighborhood!

I’m happy to handle every request I get from readers, but if you know one of our broker associates, feel free to direct your request to him or her. They are more than happy to provide this free service.

Send your requests by email only, please. Here are the names and email addresses of our broker associates:

Chuck Brown — Chuck@GoldenRealEstate.com

Kristi Brunel — Kristi@GoldenRealEstate.com

David Dlugasch — David@GoldenRealEstate.com

Debbi Hysmith — Debbi@GoldenRealEstate.com

Norm Kowitz — Norm@GoldenRealEstate.com

Andrew Lesko — Andrew@GoldenRealEstate.com

Carrie Lovingier — Carrie@GoldenRealEstate.com

Carol Milan — Carol@GoldenRealEstate.com

Jim Swanson — Swanson@GoldenRealEstate.com

In addition to setting up the neighborhood alert for you, we will also send you valuation reports on your home using two different software packages that you will find are much more accurate than, say, the Zillow “Zestimates” which home owners are used to seeing. We can also provide a spreadsheet of active, under contract and sold listings that are comparable to your own home as a double-check on those valuations.

Affordable Aurora Ranch Just Listed by David Dlugasch

This 4-bedroom, 2-bath home at 443 S. Xanadu Street is upgraded and move in ready. It was just listed at $375,000. It has everything a buyer would want — new air conditioning, new stainless steel appliances, granite counter tops, electrical upgrades, recessed lighting, new paint, hardwood floors, new sprinkler system front and back, tile bathrooms and a storage shed. The very large finished basement has the 4th bedroom (which is non-conforming), a bar and spacious open area. There’s more entertaining space on the covered patio in the back yard. The location is great — close to a regional park, with easy access to   I-225, the Anschutz medical campus, DIA, restaurants and more.  See additional pictures and take a narrated video tour at www.AuroraHome.info, then come to the open house Saturday & Sunday, April 20 & 21, 11am to 3pm.  Or call David Dlugasch at 303-908-4835 for a private showing.

Affordable Aurora Condo Listed by Chuck Brown

This second floor, 2-bedroom, 1-bath condominium at 13824 E. Lehigh Avenue #H is located  east of Parker Road near Cherry Creek State Park and next to the 5th tee box of the scenic Meadow Hills Golf Club. Inside you’ll find many recent updates including kitchen appliances, furnace, central air conditioner, water heater, gas fireplace and windows. From the deck you can relax and enjoy the sunsets over the Front Range mountains or watch the seasons change on the golf course. Without a doubt this unit has the best location in the entire complex! See more pictures and take a narrated video tour of this  property at www.AuroraCondo.info, then call your agent or Chuck Brown at 303-885-7855 for a private showing. 

Open Saturday, April 20th, from 11am to 3pm.

Daniels Gardens Home Just Listed by Jim Swanson

Buyers looking for a private turn-key house will love the top quality features in this move-in ready 3-bedroom, 3-bath home at 1205 Vivian Street. The entire home was gutted by the previous owner and further improved by the current owners. It features a long paved driveway leading to a detached 2-car garage with 220V service and an upstairs finished exercise room. There is covered RV parking area with 50 amp service and sewer access. The Daniels Gardens area is quiet with great access to 6th Avenue and I-70. There are 32 pine trees on the 0.29-acre fenced lot. Everything in this home has been meticulously updated or replaced with great care and quality — new roof, new boiler, gas stove, new paint, new granite kitchen countertop and backsplash. The large master bedroom has wood floors and a walk-in closet. All appliances and the newer washer and dryer are included. For more details and pictures, visit www.LakewoodHome.info.

Note: This home can be purchased fully furnished. 

Pheasant Creek Townhome Listed by Jim Swanson

This 2-story 3-bedroom townhome at 10116 W. Dartmouth Ave. in Lakewood’s Pheasant Creek subdivision offers affordable living with good access to US 285 and C470 via Kipling or Morrison Road. It features tile flooring and brand new carpeting, an outdoor patio, and a wood-burning fireplace. The unit was recently professionally painted and is move-in ready. All appliances — stove/range/oven, refrigerator, dishwasher and washer and dryer – are included. Assigned parking is across from the unit. You’ll appreciate the original, well cared for condition inside, and the fact that it’s priced for quick sale at $269,900. Find more pictures and a video tour at www.LakewoodTownhome.info, then call your agent or Jim Swanson at 303-929-2727 for a private showing.