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Nov. 17, 2015

Winter months can be the best time to sell your home

Why November & December really are GREAT times to sell!!!

It seems lots of home owners hesitate to market their homes between Halloween and New Year’s Day. They believe the holiday season to be an off-peak time to sell. This really is just a myth!

In fact, there are several studies that show, on the average, homes which are listed during this time are more likely to sell, quicker, and closer to the asking price. November has some advantages that make it an excellent time to sell. Here are three reasons why Thanksgiving & the Holiday months might be the best time to sell your home.

1) MORE MOTIVATION

Parents usually want to wait until summer to move school-aged children, right?  What most people are not aware of – IS – a large portion of the Buyers today are not parents of school-aged children, therefore their decisions are not entirely based on kids’ schedules.

If Buyers are searching for a home in November, they’ve either…a) waited through the busy season in hopes of a better deal, or….b) they’re dealing with their own time constraints due to work issues or other reasons. For these reasons, highly motivated buyers, the traditional obstacles to winter house-hunting — bad weather, short days, holiday prepping — really don’t apply. If your house is ready, willing and waiting for Buyers to view in October/November, these buyers are more likely to make an offer close to listing price.

2) LESS COMPETITION

Because of the misleading ideas about home selling during winter, it’s very true that many sellers don’t think it’s worth their time and effort to try and sell their homes toward the end of the year.  Unfortunately, they take their homes off the market. Their loss of a potential buyer is your gain!

Serious buyers have way too few homes to choose from over the holidays. The take away from this?  LESS competition for you —more buyers checking out your even MORE desirable home, whether it’s online or in person.  That’s a great thing!

3) CAN YOU SAY…TAX BENEFITS?

So…a house marketed in October/November may entice buyers looking for year-end tax breaks. WHAT?  Bet you didn’t think about that!  Buyers looking to lower their taxes may grab up a home late in the year precisely so they can deduct home purchase costs. That includes points, interest and property taxes (check with your CPA to be sure of your situation).

Additionally, if someone sold a house during the usual summer season and faces capital gains tax on the deal (because he/she is an investor or lived in the house for fewer than two years), there may be motivation to buy in October/November since closing on the purchase of another house within 180 days lets him avoid paying capital gains tax.

 

Pretty darn solid reasons for selling your home in winter months I’d say…wouldn’t you?

Posted in Selling tips
Nov. 7, 2015

Denver International Airport's Expansion Update

A few years back, I blogged about the expansion at Denver International Airport and what was coming down the pipeline outlined by three new elements: 

1. The Public Transit Center  

2. The Westin Hotel

3. The Public Plaza

Here is an update as lots has happened over the past few years -

 The Public Transit Center.  Everything confirms construction is still on track.  No pun intended! This is the end-of-line station for RTD’s East Line which is a 23 mile connection between DIA and Union Station.   The A Line (referred to as the East Rail Line during construction) will open for service in the spring of 2016 providing easy, affordable and reliable connections between downtown Denver and DIA.  A little bit about these new ‘rail cars’.  Passengers on the A Line will travel on new commuter rail vehicles, just as they will on the B, G and N lines. Commuter rail vehicles have level boarding at all doors of the train, travel up to 79 mph, have a total capacity of 209 people (including seating for 91 people) and have two wheelchair spaces per car. These trains also have larger seats, overhead storage, luggage towers and bicycle racks.  This line will connect commuters to Downtown Union Station in about 35 mins.  Pretty nice for the commuters I’d say!

 The Westin is NOW taking online reservations. The 519-room hotel and conference center, which includes 35 suites, is part of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT); it is set to open Nov. 19.

A really neat new technology this hotel will be using, the first Starwood hotel in the Denver area, is the new “SPG Keyless” technology that allows guests to open their room using their smartphone or Apple Watch, according to a prior announcement. This is an app that allows guests to bypass the front desk.  For all the technologically advanced individuals this may be a real plus.  Side note, there’s a possibility it may not be available on day one of the hotels operation but the technology will be launching “within the first two months” after the hotel opens per a spokesman for the Westin.

This hotel design is quite thought provoking – the end result design met the site location needs both vertically and horizontally while fulfilling the large number of planned guestrooms.  Each of the guest rooms and suites sport floor-to-ceiling windows (can you say BIG) offering views of the mountains, DIA, or the plains, depending on which way the room faces.  I would very much enjoy a night’s stay in this Westin…I could then confirm to everyone that yes I have stayed there and it’s amazing! I might need to try that sometime soon……

The New Public Plaza.  It’s the new public plaza that DIA’s CEO Kim Day is looking forward to the most. “The plaza that we are creating is going to be a great urban space, connecting our new hotel and transit center to our existing Jeppesen Terminal. It will provide a venue for music, art and events, and will create a cultural connection to downtown, better integrating the airport into the community.”  This is a huge 82,000 sq ft plaza which is mostly covered space.  It has been designed to be used for many types of events; art installations to auto shows.  It can be configured to accommodate as many as 4,500 people.  This space will be programmed by Denver Arts & Venues.  Completion looks to be on time in 2016. 

 

In summary this incredible expansion is a magnificent substantiation of the massive growth happening not only the Denver Metro area but all of Colorado!  Something to be proud of for sure.

Posted in Denver Area
Nov. 29, 2014

Christmas in Reunion

Now that Thanksgiving is over, it is now “Officially” the Christmas Season.  This is such a joyous time in most parts of the country, and the northern part of Metro-Denver is no exception. Already driving around the city you can see wonderful displays of lights, statues and holiday decorations coming alive in the crisp winter evenings. 

 This is certainly one of my favorite times of the year. One thing for sure is that there is certainly not any shortage of things to do in the area.  Listed below, I have placed a quick summary of some of the events.  Be sure to mark your schedules as these should all be very festive.

 

 Brighton: Click Here for Details

 

          Festival of Lights: Saturday December 13th @ 2:00, Parade @ 5:00

 Commerce City: Click Here for Details

 

Tree Lighting December 8th @ 5:30

Winterfest December 12th @ 4:30

Santa Visits Buffalo Run Golf Course: December 13th @ 1:00 pm

 Downtown Denver: Click Here for Details

 

Parade of Lights – Friday, December 5th @ 8:00 pm, Saturday December 6th @ 6:00 pm.

 Northglenn: Click Here for Details

 

          Noel Northglenn: Friday December 5th @ 5:30 Pm

 

Reunion: Click Here for Details

          Reunion Holiday Event: Saturday December 6th @ 9:00 am

 

Thornton: Click Here for Details

          Thornton Winterfest: Friday – Sunday December 12th – 14th

      

Westminster: Click Here for Details

 

          Tree Lighting: Thursday December 1st @ 6:30 pm

          Santa Shop Craft Fair: Saturday December 6th @ 9:00 am

          Holiday Lighting Ceremony: Saturday December 6th @ 5:30 pm

We wish you the warmest of Holiday Greetings for you and your family and hope to see you at one of these events..

  

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