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Total Properties Listed: 20,327
Month / Month Chng: 10.03%
Avg Days on Market: 110
New Listings Today: 102
Median List Price: $379,500
Month / Month Chng: 3.97%
 

The Denver Real Estate Broker Blog

Stapleton Denver Real Estate in Review

RTD A-Line to DIA2016 was a pretty big year in Stapleton Denver. With the opening of the Central Park Light Rail Station, the opening of Stanley Marketplace, Eastbridge Town Center is finally under construction and the launching of 2 new neighborhoods, its no surprise that Stapleton was named the 4th best selling community in the nation. We have so much to offer here and the numbers speak for themselves.

 

  • Single Family average sales price hit a high water mark with an average sold price of $603,791, which is an increase of 6.36% over 2015.

StapletonDenverappreciationstatistics

  • Our average Days On Market (DOM) was (and still is) under 60 days which means it is still a Sellers market out there.
  • Despite inventory being low, 599 home were sold in 2016, which was a record number of homes sold in a year, ever.
  • A new high water mark for sale price was achieved for the sale at 3106 Dayton  which sold for $1,475,000.
  • 11 homes were sold over the $1,000,000 mark in Stapleton, which is a 266% increase in this price point compared to all previous years.  Again, another record setting statistic for the luxury home market. 

What’s happening right now in Stapleton?

There are currently only 34 homes available in all of the 80238 zip code, which is the lowest inventory we have seen EVER! The majority of the active inventory in MLS is new construction offerings in Stapleton’s two newest neighborhoods: Beeler Park to the north of 56th Avenue and Bluff Lake off 26th and Fulton.  

Stapleton Home Inventory since 2009

If you are thinking about selling your Stapleton home there is no better time to sell than right now. With inventory remaining at record lows and interest rates continuing to remain low the Neir Team can help you get top dollar.   

 

Here is a list of everything currently active in Stapleton: CLICK HERE

 

Let us know if you have interest in checking any of these out! We not only sell Stapleton we live in Stapleton making us Stapleton neighborhood experts. 

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What to do on St. Patricks Day in Stapleton 2017

There are only two people in the world: those that are Irish and those that wish they were. Whether your are Irish or not, we’ve got your go-to guide for how to sham”ROCK” St. Patricks Day/weekend in Stapleton. Here’s a look at the Neir Team’s top 5 things to do in Stapleton to make your way through the Emerald celebration. 

caseysbistrostapletonstpatricksdayCaseys Irish Bistro & Pub – 7301 E. 29th Avenue. This is THE place to be on St. Patricks Day in Stapleton. Located in the 29th Avenue Town Center Casey’s will be featuring a modified menu including fish and chips, shepperds pie and other various traditional Irish dishes. They will also feature live bagpipes and Irish dancers to get you in the spirit. Their patio will be tented with heaters in case it gets cold. We’ve been told that “all hands will be on deck” for this fun-filled Irish celebration.

stpatricksdayparadedenverTake the Light Rail downtown for the St. Patricks Day parade. With the opening of Central Park Light Rail Station getting to downtown Denver is easier than ever.  Denver’s St. Patricks Day parade will actually be held on Saturday March 11th  this year which is the weekend BEFORE most St. Patricks Day celebrations.  The parade starts at 9:30 am but you will want to arrive well before then to secure a spot.  We suggest taking the 8:04am westbound train to Union Station to have plenty of time to nab a spot.  The cost is $2.96 one way and you can avoid parade traffic, street closures and having to pay for parking. The light rail will drop you off in the heart of the parade route along 17th and Wynkoop.  Be sure to wear green or risk getting pinched!

stanleybeerhallstapletonStanley Marketplace – 2501 N. Dallas Street. Head over to Stanley Marketplace where your options are plentiful to enjoy a more low-key day.

1) Drink a cold-brew Irish Coffee on Nitro at Logan House Coffee Co.

2) If Irish Whiskey makes you frisky, head to Stanley Beer Hall to Sip on a small selection of Irish Beers and Whiskeys.

3) Grab some homemade green mint chocolate chip ice cream at Sweet Cow.

4) Savor a green macaroon at Miette et Chocolat.

stapletontaphousestpatricksdayStapleton Tap House – 8286 E. Northfield Blvd.  This Colorado craft tap room located in Northfield will feature a collection of dark beers from Epic Brewing Company in honor of St. Patricks Day. Featured beers on tap include Big Bad Baptist, Kaffeina Cream Ale and Son of  a Baptist. They will also feature some sort of craft Red Ale that has not been announced yet.

berkshirestapletonstpatricksdayBerkshire – 7352 E. 29th Avenue Located in the 29th Avenue Town Center the Berkshire has said it will feature an Irish themed menu with the likes of Bangers and Mash, Corned beef & hash, Lefthand Milk Stout, Irish Car Bombs as well as drink specials.

 

May the luck of the Irish be with you!

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2016 Neir Team Sales Performance

Thank you to all of our 2016 clients for helping make 2016 a wonderful year for the Neir Team.

Neir Team Sales Stats

We would love to help you too. Please call us at (720)935-4399

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8 Secrets to Selling Lowry Denver Homes for 10% More

How to sell for moreAfter all the talk of the booming real estate market and rising home prices in the metro area over the past couple years, you’ve finally decided to sell your Lowry Denver home. Now what?

In a highly competitive market like Denver, It’s especially important to make your house as attractive as possible in order to stand out to the ideal buyer. What’s the best way to do that?

Here are eight marketing and open house tips that are sure to help sellers get a 10 percent or more boost to the sales price for Lowry Denver homes.

  1. A Clean Home Sells - A messy house knocks thousands of dollars off the sale price. Cleaning your house thoroughly is a prudent idea. It’s low-hanging fruit that far too many sellers don’t pick.

  2. Price Your Home Right - It’s obvious that pricing too low takes money out of your pocket. However, overpricing your house does the same. In the real estate industry, new listings shine the brightest. If you price too high in the beginning, your house will stay on the market. People will wonder why you haven’t sold, and the perceived value of your house will dip.

  3. Don’t Leave Repairs Undone - Leaving a repair undone will cost you more than the repair itself. It adds negative emotions like doubt to the equation. Buyers will wonder what else you left unrepaired.

  4. Make Sure Your House Smells Great - Do you have odors from pets, smoking, or cooking? Remove all traces of these smells before showing the house to buyers.

  5. Communication Is King - People want to feel their time is respected. Don’t delay requests for information about the house and sign contracts promptly. Dawdling is an unnecessary irritant.

  6. Photos and Videos Matter - Just like on Amazon or Ebay, good photos and videos will attract better buyers. 

  7. Buyers Must Envision Living in Your House - Take your pictures and your personal items out of the house. Your house needs to feel as if it would suit anybody. That way the buyer can picture themselves living there.

  8. Experience Counts - A skilled, trusted, and proven real estate agent will sell your house in the least amount of time for the most amount of money.

Interested in maximizing the sale price of your Lowry Denver Home? Contact the Neir Team today to get expert advice that will put more money in your pocket.

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First-Time Homebuyers in Denver: Common Regrets to Avoid

Avoid Regret with a home purchaseMore than one in five first-time homebuyers report having at least one major regret with their purchase. We don’t want first-time homebuyers in Denver to have to deal with the same dissatisfaction.

Buying a house can be a fun and rewarding experience without disappointment. The best way to avoid any big mistakes that end up costing you frustration or money down the line is to learn from the most common regrets of those who came before you.

Here’s our list of the most common regrets of first-time homebuyers. Listen up, because avoiding these mistakes will go a long way to ensuring that your experience is everything you want it to be.

Common Regrets of First-Time Homebuyers in Denver

  •  62 percent of first-timers report that they outgrew their home faster than they thought they would. These buyers wish they had done a better job of predicting the amount of space they would need as their families and assets grew. 

  • 40 percent say they ultimately feel they paid too much for their first home.

  • 38 percent wish they had budgeted more accurately for the costs of maintaining a home. More than a third of first-time homebuyers say they underestimated all the little expenses that go into repairs and maintenance.

  • 34 percent would search around and negotiate more to find a better mortgage rate if they could do it over again. Many feel they are paying too much. “We should have put more money down upfront” is another common regret that’s highly related.

  • 25 percent say they ended up not liking the surrounding neighborhood they moved into.

These are just a handful of the pitfalls that can spoil one of the biggest investments of your life. If you want to ensure a happy and successful experience as a first-time homebuyer in Denver, you should contact the Neir Team.

720.280.3004 or 720.935.4399 to get expert advice for first-time homebuyers!

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The Best High Schools in Denver

Denver's Best High SchoolsIn the 2016 U.S. News Best High Schools report, there were well over 100 Colorado schools that received recognition. There were 14 that earned gold medal honors and another 35 that earned a silver.

Let’s take a closer look at a handful of Denver-area high schools that ranked the highest.

Best High Schools in Denver

  • KIPP Denver Collegiate High School

    KIPP ranks number two in Colorado and number 164 in the nation for high schools. Some of the reasons cited for its high ranking include the Advanced Placement exam and course options and the 95 percent AP participation rate. KIPP students achieved a 73.5 on the college-readiness index.

  • DSST: Stapleton High School

    Like KIPP, the DSST student body has very high participation rate in AP programs (79 percent) and wide access to Advanced Placement exams and coursework. As a whole, the school scored a 70.2 on the college-readiness index.

  • Denver School of the Arts

    DSA is the eighth highest rated high school in Colorado and number three in Denver. The relatively low 22:1 student to teacher ratio, the very high english proficiency scores of the student body (94 percent), and the high AP participation rate (84 percent) are all reasons why the Denver School of the Arts cracked the top ten in Colorado and achieved a national ranking of 298.

Learn About Other Top Schools in Denver

To get more information on top high schools, middle schools, elementary schools, and private schools in neighborhoods all over Denver, check out the Neir Team’s section on Denver’s best schools.

If you’d like to talk with a real estate expert about finding a home in the best school district for your kids, call the Neir Team today!

Call 720.280.3004 or 720.935.4399

 

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Denver Home Insurance Advice for New Buyers: Key Do's and Don'ts

Home Insurance PitfallsShopping for a new home is an exciting time. Hopefully, your search is inspiring you to envision a bright future for you and your family in the house of your dreams.

It's not a time when you necessarily want to start thinking about things that could go wrong down the line, but that's just a necessary part of being a savvy home shopper and owner.

Securing the right kind of home insurance is absolutely essential to having a good experience with your property investment.

Here are a handful of the key do's and don'ts when it comes to Denver home insurance:

Don't...

Bundle for convenience -- bundling with other types of insurance MIGHT save you some money, but that doesn't mean it's the right choice. It might be right for you, but don’t automatically assume it without doing your due diligence.

Pay for land -- Protect the buildings and structures you own, but don't be talked into insuring the land they sit on.

Forget to protect additional items -- special items, like jewelry, that are contained within your home will require additional insurance. Don't forget to protect these valuable as well.

Do...

Check for special rates -- good credit, your age, or certain features of your home could all earn you discounted rates, so do ask any prospective home insurance provider.

Shop around -- get multiple quotes to ensure you get competitive rates and services from the provider you ultimately choose.

Take note of limits -- if you have limited time to file a claim after an incident, you need to be aware of the restriction. Ask for info about limits and get it in writing.

Photograph damage immediately -- if an incident does occur, make sure you get pictures or video of the affected areas of your home as soon after the event as possible.

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Required Documents for Mortgage Qualification

What do I need for a home loanUnless you're paying entirely in cash upfront, you will need to get a mortgage to buy a new home in Denver.

To qualify for a mortgage, you're going to authenticate the income and tax information in your application by providing a list of documents.

Do you have everything you need? Check out the list of the required documents to double check:

  • Signed disclosures
  • The social security card belonging to each person involved in the purchase
  • A list of home addresses for all properties lived at in the last two years
  • Two to three months of bank statements
  • Two previous pay stubs
  • Proof of down payment
  • Previous two years' W-2 forms
  • Previous two years' tax returns
  • The purchase contract (if it's available)
  • Details of your employment

In certain circumstances, a borrower may also have to provide:

  • Evidence of other income (child support, etc.)
  • Divorce settlement papers
  • Balance sheets (if self employed)
  • Gift letter (if, for instance, parents are providing the down payment)
  • Evidence of other debt (student loans, credit card debt, etc.)

Some Other Requirements

  1. After completing your mortgage application, you will need to provide consent for the lender to proceed. This gives the mortgage provider permission to investigate your application.
  2. After all required documents have been submitted and the application is completed and submitted, the lender is required to give you a Loan Estimate within three days. This estimate will summarize your monthly payments and loan terms.
  3. Before approving the loan, the lender must order a home appraisal. An appraiser then determines the property's market value based on factors such as
    • The number and size of rooms
    • Recently sold comparables
    • Unique features or amenities of the property in question

Appraised value affects the amount and terms of the mortgage.

Once everything above is complete and the borrower is in agreement, the final approval can be given by the lender.

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5 Tips for Buying a New Construction Home in Denver

New Construction TipWith the intense competition for existing homes in Denver, more and more buyers are looking to new home builders for a solution.

While building a new construction home in Denver does solve one problem, it also presents a few unique challenges that buyers need to be aware of.

Here are some things you should be aware of before you decide to go the new construction route.

Incomplete Phases

In some cases, new construction homes are part of larger development projects that won't be complete for years. If you're on a short timeframe for moving into a new home, these situations won't work for you. Make sure your new home would be move-in ready within a reasonable amount of time.

Construction

There are different definitions of "move-in ready." If you're going to be expected to live in a home surrounded by dirt, machinery, and loud construction noise for the first year, you need to be aware of it. This can be the case sometimes when one new construction home is part of a larger development that is still in progress.

Model Home vs Real Home

Builders are excellent at creating model spaces that appeal to buyers. However, sometimes the actual home doesn't appeal to the buyer quite as much as the model did. Make sure your attraction to the space and design goes beyond the professional staging and finishing that only applies to the model.

Included Items

The model home may have had tons of high-end appliances, but that doesn't mean they'll be included in your new construction. Find out what's included and discuss your needs with the builder.

Completion Date

Make sure you get the developer's projected finish date down in writing. This should be official in case any disputes arise later. 

Buying a new construction home in Denver can be a great choice if you go in prepared.

Alex and Stacy Neir of the Neir Team are experts in helping Denver homebuyers get the new construction home of their dreams. To get their assistance on your real estate search...

Call Stacy Neir at 720.280.3004 or call Alex Neir at 720.935.4399

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12 Real Estate Terms that Shouldn’t Scare You

Real Estate TermsAre you confused by some of the terms popping up in your first attempt to buy or sell a home in Denver?

Don't worry, you're not alone. The real estate industry is filled with unique terminology that can trip up homebuyers, sellers, and even unseasoned agents.

Here are some quick definitions for the terms that you're most likely to encounter.

Appraisal -- It's the estimated value of a property

Certificate of Title -- The document that verifies the home is legally owned by the person claiming to own it

Closing Costs -- All of the expenses and fees associated with closing a home purchase. They can add up to as much as 4-6 percent of the cost of the home.

Contingencies -- Certain conditions that need to be met in order for a buyer's offer to be accepted and for things to proceed

Due Diligence -- Actions that the buyer should take to protect their real estate investment

Debt to Income Ratio -- To qualify for a loan, your monthly debt should add up to less than 43 percent of your monthly income.

Earnest Money Deposit -- A payment the buyer includes with their offer in order to prove serious interest to the seller.

Escrow -- An account where all closing costs are collected while the lender approves the deal.

FICO Score -- A numerical value assigned to a buyer based on their credit history.

Good Faith Deposit -- A payment made to the lender at the time of the offer to show serious interest.

HOA -- Homeowners associations (HOAs) are organizations that set and enforce rules and standards for properties within their community.

Prequalification -- the process through which lenders determine if a borrower is qualified to receive a home loan.

Need more help understanding the complex terminology involved in buying or selling real estate in Denver? Contact the Neir Team for assistance!

Call Stacy Neir at 720.280.3004 or call Alex Neir at 720.935.4399 today!

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