View Post

What You Should Really Know About Browsing for Homes Online

In Buyers, First-Time Buyers, Practical Tips, Sellers by Doug Phelps

Image: HouseLogic It’s fun! It’s exciting! It’s important to take everything with a grain of salt! Oh, let’s just admit it, shall we? Browsing for homes online is a window shopper’s Shangri-La. The elegantly decorated rooms, the sculpted gardens, the colorful front doors that just pop with those “come hither” hues. Browser beware, though: Those listings may be seductive, but …

View Post

You Gave the Gift of Warmth this Year!

In Life at CHR by Doug Phelps

I and my team at CHR thank you all from the bottom of our hearts! Every year CHR collects gently used coats (must be clean) and donates them to the Denver Rescue Mission. This year, our community made it possible to donate nearly 1,200 coats to the Denver Rescue Mission! This is a huge deal. Seriously, we are beyond words thankful and proud! The …

View Post

Are there any price points I can get a smoking deal?

In Buyers, FAQ's by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

View Post

Strong Denver Real Estate Market Marches On

In Market Trends by Doug Phelps

It’s election season and an incredibly contentious time in the United States. We are cautious to arrive at any conclusions about the direction of the Denver real estate market with the number of social variables at play. Are buyers and sellers waiting for things to calm down following the presidential election? What policies will be implemented about public health and …

View Post

What Does Homeowners Insurance Cover?

In Buyers, Homeowners, Practical Tips by Doug Phelps

You’d be surprised at what your home insurance policy doesn’t cover. Here’s what is and isn’t covered by your insurance. What does your homeowners insurance cover? The short answer is: “A basic homeowners insurance policy (called HO-1 in insurance lingo) covers your home and possessions if they’re damaged or destroyed by these things: Fire Lightning Windstorm (unless you live in a hurricane …

View Post

4 Genius Yard Upgrades Even a Klutz Can Crush

In Home improvements, Homeowners, Practical Tips by Doug Phelps

Image: Mr. Interior/Shutterstock No DIY skills necessary for these outdoor projects. Did we mention they’re really, really easy? You don’t need to be the host of an extreme home makeover show to build an amazing backyard. In fact, the transformative projects below are easy enough for even the klutziest home improvement newbie to complete. Just don’t be shocked when the Johnsons …

View Post

What can I do to stand out from the other offers?

In Buyers, FAQ's by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

View Post

Inventory, Price, and Sales All Up

In Market Trends by Doug Phelps

New homes for sale was 14% higher last week than the last 3-year average with 1,447 homes hitting the market. Eventually, this increased seller activity may lead to rising inventory levels and a slowing of home value appreciation in the Denver metro market.  But not yet. Last week saw 44.6% more homes go under contract than the last 3-year average, …

View Post

8 Tips for Adding Curb Appeal and Value to Your Home

In Home improvements, Homeowners, Practical Tips by Doug Phelps

Image: CustomHouseNumbers.com A good washing, and a bit of color are two low-cost ways. Homes with high curb appeal command higher prices and take less time to sell.  But which projects pump up curb appeal most? Here are financially smart ways to boost your home’s equity. #1 Wash Your House’s Face Before you scrape any paint or plant more azaleas, wash the …

View Post

Do I really need to use a real estate professional?

In Buyers, FAQ's by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

View Post

5 Questions To Ask When Buying A House

In Buyers, First-Time Buyers, Sellers by Doug Phelps

Image: Devonyu/Getty There are no dumb questions to ask a real estate agent. Home buying seems simple enough: Find a house you like that’s close to work or school, tell someone you want to buy it, and move in. But there’s more to it than that. You’ll have to find and get approved by a lender who will let you …

View Post

Are Sellers Getting Too Aggressive?

In COVID-19, Market Trends by Doug Phelps

These numbers are staggering: 68.5% of all homes sold in the last two weeks sold at or above the FINAL asking price.   59.5% sold at or above the original asking price.   And yet, looking at the remaining 31-40% of the Denver market transactions helps us understand the mindset of sellers, the competence of agents, the importance of property preparation and …

View Post

9 No-Sweat Hacks to Deep Clean the Cruddiest Things

In Homeowners, Practical Tips by Doug Phelps

Image: Rafa Fernández/ImageBrief Like using a drill on your tub. (Why didn’t we think of it sooner?!) Ahhh! Sparkling floors, gleaming windows, and zero dust bunnies. A thorough cleaning can make your abode feel brand new. But that immaculate house comes with a price — sore biceps. Here’s how to deep clean your house without skimping, or pulling a muscle. Best of all these brilliant …

View Post

What To Do With Your Massive Equity Gains

In Market Trends, Real Estate Advice by Doug Phelps

The average sales price of a single-family home in the Denver Metro real estate market hit $624,048 last week. That is up $116,000 from just 18 weeks ago.  What should homeowners do with that equity, if anything at all? Some will say sell and capitalize, some will say pull the equity out. The answer is always the same however, it …

View Post

Did COVID-19 cool the market?

In Buyers, COVID-19, FAQ's by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

View Post

Should I consider one of those new iBuyer services?

In Sellers, FAQ's by Doug Phelps

For nearly a decade, the Denver metro real estate market has been a wild ride of record-setting activity. This year with COVID-19, this is even more true. We are here to help you prepare for what’s ahead. Since March, home is probably something you have spent a lot of time in and thinking about. Maybe your dreaming of more space. …

View Post

Denver Real Estate: The Gap Widens

In Market Trends, COVID-19 by Doug Phelps

46% more homes went under contract last week in the Denver metro real estate market, than the same week last year.  Fall season typically marks a slowing of the real estate market.  We see a slight decline in home values and reduction in market activity every year.  Except this year.  While an unusually high 1,534 homes hit the market last …