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Strong Denver Real Estate Market Marches On

In Homeowners 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 …

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Renting Out Your Home? Get Landlord Insurance

In Homeowners by Doug Phelps

If you’re renting out your home, it might not be covered by home owners insurance, so look into landlord insurance instead. Maybe you’re moving up to a bigger home and holding on to your former residence as a rental property. Or maybe you’ve tried to sell your home without success. Whatever the reason, if you’re thinking about renting out your …

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I LOVE this house! Should I write a letter to the seller explaining why?

In Buyers 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. …

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What Does Homeowners Insurance Cover?

In Homeowners 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 …

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4 Genius Yard Upgrades Even a Klutz Can Crush

In Homeowners 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 …

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

In Buyers 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. …

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Inventory, Price, and Sales All Up

In Homeowners 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, …

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8 Tips for Adding Curb Appeal and Value to Your Home

In Sellers 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 …

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Do I really need to use a real estate professional?

In Buyers 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. …

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5 Questions To Ask When Buying A House

In Buyers 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 …

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Are Sellers Getting Too Aggressive?

In Homeowners 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 …

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9 No-Sweat Hacks to Deep Clean the Cruddiest Things

In Homeowners 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 …

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What To Do With Your Massive Equity Gains

In Homeowners 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 …

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Did COVID-19 cool the market?

In Homeowners 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. …

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5 Home Remodeling Projects With Top-Dollar Returns

In Homeowners by Doug Phelps

Not all home improvements are created equal. These will reward you the most when it comes time to sell. Your home is in the perfect location, came at the perfect price, with the perfect lot. (Yay southern exposure!) But the home itself? Perfect isn’t the adjective you’d use. But you knew that moving in, and now you’re ready to start …

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Should I consider one of those new iBuyer services?

In Sellers 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. …

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Denver Real Estate: The Gap Widens

In Homeowners 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 …

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6 DIY Fire Pits That’ll Make You Feel Oh-So-Warm

In Homeowners by Doug Phelps

Not to mention, get you a nice ROI on your home’s value. Don’t spend the whole summer planning your dream fire pit or there could be frost on the ground before it’s ready to roar. Start your DIY now and you won’t miss a single day of prime bonfire season. Plus, there’s this: A pro-built fire pit costs about $4,500 with a …

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My friends say my home looks amazing. Do I really need to hire a stager?

In Sellers 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. …