Hess Road Extension is Open!

By teamcox | Published: January 26, 2012

Douglas County residents, especially those living in Parker and Castle Pines, are eagerly awaiting the completion of the Hess Road Extension, connecting State Highway 83 Corridor with I-25. This will greatly ease commuting times for Parker residents driving to I-25 and Castle Rock, along with Castle Rock residents traveling to the Parker area.

We have good news for you… the road opened this week (on January 24th)!

We will continue to keep you updated on major infrastructure projects in Douglas and Arapahoe counties. For more information on Parker real estate, please contact TeamCox Realtors at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Castle Rock, Douglas County, Parker | Tagged | Leave a comment

Rising Rents in Denver Make Home Buying a Better Choice

By teamcox | Published: January 23, 2012

Denver real estateFallen Denver home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, Denver rental prices are continuing to rise at a fast pace, according to a new report by Hotpads.com, a rental listing service.

Rental prices in 20 of the largest metro areas increased 3.75 percent in 2011, and prices are expected to continue to rise in 2012. Meanwhile, home prices fell by 1.83 percent in 2011, according to the report. Denver home prices are widely viewed to have bottomed out and are expected, by most economists, to rise commencing in the spring of 2012.

“In a lot of cases it’s getting to a point where it makes more sense for people to buy because rent has been going up significantly faster, while home prices have been falling,” Paul Gleger, author of the report, told AOL Real Estate. If you are currently renting, this may be the best year ever to invest in your first home in the metro Denver area.

For information on Denver real estate, please contact TeamCox Realtors at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Home Prices, Denver Mortgages, Denver Real Estate | Tagged , | Leave a comment

Denver Praised on National Television!

By teamcox | Published: January 13, 2012

We wanted to share a recent Fox News report singing praises for Denver, Colorado. While it may seem like a Denver of Chamber Commerce commercial, it was a report entitled, “How Can You Profit From Housing Growth in Denver?”

Yes, people are moving here from the southeast, the northeast, California and the list goes on! Why is Denver such an attractive destination? The report mentions that the main reason that people are moving to Denver is because of its vibrant lifestyle – Denver residents are young, active, happy and healthy. The report also praises Denver for its low unemployment rate, fresh air and for its low foreclosure rate.

If you are interested in relocating to Denver, Colorado, or  in investing in Denver homes, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Real Estate, Denver Relocation | Leave a comment

Top Denver Real Estate Trends of 2012

By teamcox | Published: January 5, 2012

Denver real estate trendsAs soon as the ball dropped (and before), our eyes turned toward 2012, wondering what it will bring. Naturally, TeamCox Realtors has been assessing the Denver real estate market for the coming year.

Here are the top Denver real estate trends that we are seeing during the first week of 2012:

  • Increasing home sales: According to recent data released from Metrolist, there were 39,387 Denver homes sold in 2011, which is 1.5 percent increase from 2010. We expect for Denver home sales to continue to increase throughout 2012.
  • Low inventory of Denver homes for sale: The inventory level of metro Denver homes has been falling for the past few months – there were 34 percent fewer homes on the market in December 2011 compared to December 2010. This is good news for Denver home prices and for Denver sellers. However, it means slimmer pickings for buyers, which could affect home sales at some point.
  • Colorado foreclosures continue to decline: foreclosures decreased over 24 percent in November 2011 from November 2010.
  • Low interest rates: 30-year fixed interest rates hovered at historical lows (below 4 percent) throughout December. We expect this to continue for at least through the first half of the year, although rates have edged up a bit in recent weeks.
  • Improving economy and job market: Colorado’s economy continues to show improvement, A mid-year update from the University of Colorado at Boulder’s Leeds School of Business predicted recently modest job growth over the next year. Several companies, including Arrow Electronics, announced plans at the end of 2011 to relocate headquarters and create Denver jobs.

We hope that 2012 is a great year for you! If buying a home is on your resolution list, please contact TeamCox Realtors at 303-400-6060. We are here to help you find the home of your dreams.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Economy, Denver Real Estate | Tagged , | Leave a comment

Resolve to Invest in Denver Rental Properties in 2012!

By teamcox | Published: December 28, 2011

Denver real estateIt seems like the same old things are always on New Year’s resolution lists – lose some weight, exercise more, spend more time with friends, and the list goes on. Well, 2012 is also the year to consider investing in a Denver rental property.

Why, you ask? Denver rents are among the highest in the country, Denver home prices are affordable and mortgage rates are low  (even for non-owner occupied properties). A $125,000 home with 20% down payment can possibly produce a $300 to $500 monthly cash flow after expenses are paid.

There are many investment strategies, but one that is easiest to execute is to invest in below-average priced homes in predominantly owner-occupied neighborhoods. These properties appeal to the broadest range of tenants and perhaps the tenants will even become buyers when you are ready to sell. Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.

This year, make this resolution a reality. For more information on investing in Denver rental properties, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Real Estate, Real Estate Advice | Tagged , | Leave a comment

Happy Holidays from TeamCox Realtors!

By teamcox | Published: December 23, 2011

Denver real estateHappy Holidays from TeamCox Realtors!

TeamCox Realtors wishes you and your family a happy and bright holiday season, filled with joy and peace. We greatly appreciate all of our clients and friends reading our blog this year and we look forward to bringing you more market updates and news in 2012!

We are excited about what 2012 will bring to the Denver real estate market. Things are looking brighter in the Denver housing market and in the Colorado economy. This can only mean good things as the country and our city continue to recover from the housing downfall.

If you are a prospective Denver homebuyer looking to purchase a home in 2012, please contact TeamCox Realtors at 303-400-6060. We would be happy to help you check that resolution off your list.

Happy Holidays!

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in company news, Denver Real Estate | Tagged , | Leave a comment

Happy Holidays from Centennial, Colorado

By teamcox | Published: December 15, 2011

Centennial Real EstateHappy Holidays!

TeamCox Realtors wanted to share the City of Centennial’s Christmas card with you, including a special poem written by Centennial’s city clerk Brenda Madison.

Click Here to View the Card

Centennial, Colorado, is a great place to call home. Like the card says, the city is thriving, offering first-rate shopping opportunities, including SouthGlenn and IKEA. We agree wholeheartedly that there has “never been a better time to call Centennial home.”

For information on Centennial real estate, please contact TeamCox Realtors at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Centennial, Denver Real Estate | Tagged | Leave a comment

Denver Real Estate Spotlight: Lone Tree, Colorado

By teamcox | Published: December 11, 2011

Lone Tree Real EstateIt’s a Great Day to be in Lone Tree!

Lone Tree, Colorado, is a vibrant community located approximately 18 miles south of Denver. Like many other Douglas County communities, Lone Tree has thrived over the past few decades, even during the down economy. It is hard to find a more ideal location – Lone Tree is located only minutes from the Denver Tech Center (DTC)/Meridian and it is home to Park Meadows Mall, SkyRidge Medical Center and to the most southern stop on Denver’s light rail system.

A brief history of Lone Tree: The first homeowners moved into Lone Tree in 1982 but it wasn’t until 1995 when the City of Lone Tree was actually incorporated. Lone Tree voters approved annexation of 3,500-acre RidgeGate property in 2000. Park Meadows Mall was annexed into Lone Tree in 2007, which has greatly benefited the community.

The future of Lone Tree is bright. With the new RidgeGate Parkway East/Mainstreet Extension opening a year ago, the possibilities are endless for Lone Tree.  RidgeGate, a six-square-mile property south of Lincoln Avenue, was annexed in 2000 and is already partially developed. According to recent article in the Lone Tree News, there are plans for Lone Tree’s city center to be located in RidgeGate, which will include an urban style core with high-rise buildings and a new light rail station.

LONE TREE PROFILE

Commuting

  • The Denver Tech Center is approximately a 10 minute commute while Downtown Denver is a 20 minute commute from Lone Tree. The Meridian Business Center is less than five minutes from Lone Tree.
  • There are easily accessible light rail stations located along I-25. The Lincoln Ave. stop is located in the heart of Lone Tree.
  • Lone Tree is located an hour and a half from the Rocky Mountains!

Employment Centers

  • Denver Tech Center/Meridian
  • Downtown Denver

Schools and Library

  • Douglas County Schools
  • Douglas County Libraries

Hospitals

  • Sky Ridge Medical Center (located in Lone Tree)

Recreation

  • The Lone Tree Recreation Center is one of five recreation and sports facilities in the South Suburban Parks and Recreation District.

Shopping

  • Park Meadows
  • Aspen Grove

Culture

  • Lone Tree Arts Center (opened fall 2011)

Are you looking for more information regarding Lone Tree real estate, or about living in the southern Denver suburbs? TeamCox Realtors is a Denver real estate expert – Google us and you will see why.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Community Spotlights, Denver Real Estate, Douglas County, Lone Tree | Leave a comment

Obtain Pre-Approval Prior to Your Denver Real Estate Search

By teamcox | Published: December 4, 2011

Denver real estateIf you are moving to Denver, Colorado, and plan on financing a new home, you should know that there is a difference between getting Pre-Qualified & Pre-Approved. A Pre-Approval letter is a document from the lender that confirms you can borrow up to a certain amount based on a completed loan application, credit check, tax returns and employment verification. This Pre-Approval goes much further with the listing agent and the seller when submitted with an offer. On the other hand, a pre-qualification letter is a document from a lender that states they will give you a loan based on a conversation with the lender and what you told them about your financial situation. Neither letters are an absolute guarantee that the lender will give you the loan one, two or three months later. Financial situation can change dramatically as the days and weeks get closer toward a closing date. If a buyer decides to finance a new Lamborghini during escrow, the buyer could be sleeping in that car instead of a bedroom and the loan wouldn’t close.

It’s imperative that a buyer in escrow understands that he/she may be subjected to last minute credit checks and funds verifications along the way heading towards closing. Not to fear however, if you remain conservative throughout your escrow period when buying a house and keep your job through that period of time, your Pre-Approval letter from your lender is most likely golden! So remember, Pre-Qualifying & Pre-Approving is not a binding contract requiring the lender to extend the loan, nor is it a requirement for you to take on the loan. It’s simply your first real step in preparing to submit offers.

You may ask, why can’t I just qualify at the last minute and save the trouble of meeting with a lender, after all I have great credit? Lenders will not close a mortgage loan for a property that is unidentified. This means, that you cannot receive your loan until you have found the home you want to purchase. The pre-qualification enables you to see your buying power, and your Pre-Approval enables you to jump on your dream deal the moment you know that’s the one!

For more information on the pre-approval process, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Mortgages, Denver Real Estate | Tagged | Leave a comment

Denver Mortgage Rates Fall Near Record Lows

By teamcox | Published: November 27, 2011

Denver real estateWe hope that you had an enjoyable Thanksgiving weekend. While you were battling crowds at the grocery store last week, according to Freddie Mac, the average rate on a 30-year fixed mortgage fell to 3.98 percent from 4.0 percent, which is close to the lowest point of 3.94 percent seven weeks ago. The average rate on the 15-year fixed mortgage decreased to to 3.3 percent from 3.31 percent.

We can’t stress enough how important it is for prospective Denver homebuyers to take advantage of these historically-low interest rates. Even a small decrease in a mortgage rate can make a noticeable difference in a monthly payment and increase your buying power. There is a great selection of Denver homes for sale on the market, and now is a great time of year to purchase a home since there are fewer buyers than in the spring.

For information on Denver real estate or Denver mortgage rates, please contact TeamCox Realtors at 303-400-6060. We would be happy to recommend some credible Denver mortgage lenders or help you crunch the numbers on what you can afford.

If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance

CLICK HERE FOR OUR FREE Denver Property Search

Posted in Denver Mortgages, Denver Real Estate | Tagged , | Leave a comment

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