Archive for the ‘Market Conditions’ Category

Today’s Classified Ad:
Home Sellers Wanted! Ready, willing and eager buyers looking for homes to buy. Multiple offers abound. What are you waiting for? Call now to get your home on the market. 303-399-7777


With almost all real estate sales involving improved property, there is the recapture of depreciation. Section 1250 of the Internal Revenue Code requires that depreciation be recaptured at the current rate of 25%, which is higher than the current long-term capital gains rate. For this reason, the ability to defer the recapture of depreciation may make a 1031 exchange very attractive.


“I believe a large reason for the appearance of an uptick in sales activity has as much to do with “affordability” as it has to do with the lack of inventory. I trust what we are experiencing is a balance in our real estate market.”


In general, real estate professionals consider between 5 and 6 months of inventory a normal market. Less than 5 to 6 months of inventory is considered an appreciating market or “sellers” market. Over 6 months is considered a depreciating market or “buyers” market.


Metro Denver prices, while still lower than the highs seen in 2006, rallied at the end of 2010. See a chart of average prices for residences (single-family homes) and condominiums (including townhomes, lofts and duplexes) from 2004 – 2010.


Last year in Metro Denver, December sales were nearly as strong as August giving the metro area a strong finish. Preparing a home for sale, marketing it, and getting to contract and closing can take a few months, so if you’re considering a move in 2011, now is the time to start.


Perry & Co. Real Estate Professionals’ Realtor Corrie Lee tells us all about Denver Colorado’s Congress Park neighborhood including information on its History (like, did you know much of it was a Pioneer graveyard?), Schools, Boundaries, Real Estate and Local Amenities.


If you are currently undergoing a Homeowner’s Loan Modification Program, chances are your lender will require you to contact a HUD Approved Counseling Agency at some point during the process. Regardless, a financial counseling agency can be an inexpensive and valuable resource to anyone comtemplating buying or selling a home.


In November 2009, the National Association of Realtors inacted the SFR Designation for Realtors. SFR (Short Sales & Foreclosure Resource) Certified real estate agents are specially trained to be Resource Consultants to homeowners who may find themselves in jeopardy. Three Perry & Co. agents have already been granted the SFR Designation, they are Eric Grauberger, Derek Rinetti & Jon Larrance. Please don’t be afraid to call one of them, or any Perry & Co. agent, to learn about the options available to you for saving your home.


Denver tops the list of Forbes’ 2009 Best 25 Cities for Real Estate Deals for several reasons. Denver is also #10 on Forbes’ Best Cities For Working Mothers List. Colorado is #3 on CNBC’s List of Top States For Buisness. And, Denver is #10 on Forbes’ Best US Cities To Earn A Living List



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