Monday, February 15, 2010

2010 Census

Just a reminder - the 2010 census questionaires will starting arriving in mailboxes across the country in March. The government would ask that you respond, and get them back into the mail by April 1st. It will take 10 minutes, with 10 simple questions. No personal information, including social security number, nor bank information, nor credit information will be needed.

If census workers have to come to your door, they will come back up to 6 times, and will have official credentials showing they work for the census. It costs millions of dollars to have these workers come to your home, so completing this questionaire by April 1st is preferred.

Joan Cox
Metro Brokers - House to Home, Inc.
Denver, CO 80237
www.JoanCox.com
720-231-6373

Snow Days - Shoveling

Just a reminder --- in Denver Cities - within 24 hours after a measureable snow fall, it is required that homeowners have sidewalks and driveways clear of snow within 24 hours after the snowfall has ended, or 48 hours after a snow emergency has been declared.

Corner lots and properties that back to a street with a sidewalk, are required to keep this additional sidewalk free and clear of snow & ice. Snow and ice on sidewalks can be slippery and dangerous for everyone.

Failure to comply with this city ordinance can mean a snow ticket.

Joan Cox
Metro Brokers - House to Home, Inc.
Denver, CO 80237
720-231-6373
http://www.joancox.com/

Sunday, February 7, 2010

Sales Slip for Luxury Homes in Denver

In the Denver Business Journal 2/1 - stated there was a 9.5% sales boost in median sales price, but the total amount of sales decreased. In December 2009, there were 33 homes in the Denver metro area for $1 million and more, which is down from 48 sales in December 2008.

Median sales price for December 2009 increased 9.5 percent to 1.35 over the previous year. some real estate experts believe the median price is a better indicator of what the market is doing, over the average price of homes.

Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - House to Home, Inc.
Denver, CO 80237
www.JoanCox.com
720-231-6373

Friday, February 5, 2010

Remodeling Projects

If you have thought about a large remodeling project, and wonder what you could expect to see in resale for that project, the news is out! In past years, with remodeling or updating projects, you could generally realize up to 87% of the cash outlay. With today's economy, probably a more realistic view is 64%, and still depends on WHAT projects you do.

The BIGGEST return on your dollar, is always the repair maintenance. Buyers do like those items you add--- Jacuzzis and Sub-Zeros, but they cannot tolerate a leaky roof, faucets, or outdated plumbing/electrical. Many times buyers walk into a home, and if there is too much deferred maintenance needed, they will go onto the next home to view.

If the buyers STAY, and write on your property, and ask for things to be fixed, you may end up spending more than you would have, had you fixed them before putting a home on the market. (if you don't have the cash to fix, and buyers want the $$ in closing costs, this amount will generally be inflated)

If you have thought about "adding on", maybe opening up a wall to provide a more open floorplan may do the trick, and will be less expensive.

Of course, if you have ANY questions, and were thinking of remodeling, and just wondering how much you could realize from this remodel, please give me a call. I would love to help!

Joan Cox, GRI,ABR,CRS-e-Pro
Metro Brokers - House to Home, Inc.
Denver, CO 80237
www.JoanCox.com
720-231-6373

DIA -- 2009 was 2nd busiest year!

Statistics have been released, and Denver International Airport had its 2nd busiest year in 2009. There were predictions they would have a 2% decline, but exceeded it.

December passenger traffic had a 1.7% drop from December 2008. However, December surpassed the 4 million mark in travelers, which is only the 2nd time in DIA's history. This also added another mile marker - 2nd time in history for 50 million passengers to pass thru DIA in 2009!

With the economy in the U.S., expectations were set for a down year, and some airlines have had reductions of staff and flights. This shows optimistism for 2010!

Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - House to Home Inc.
www.JoanCox.com
720-231-6373

Monday, February 1, 2010

New HUD Director

It was announced today that Denver City Councilman Rick Garcia was chosen for the regional director of the U.S. Housing and Urban Development. He will oversee a six-state area that does include Colorado.

Garcia will oversee fair and affordable housing initiatives in Colorado and five other western states to include Colorado, Wyoming, Utah, Montana and North & South Dakota. His job will oversee programs in the areas of affordable housing, housing discrimination, veterans' housing, foreclosure mitigation & disabled access.

Garcia replaces John Carson, who was appointed by former President Bush.

Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - House to Home, Inc.
720-231-6373
www.JoanCox.com