In This Day And Age Are Real Estate Agents Really Necessary?

With all of the online tools, websites and advice for home sellers and buyers, is it really necessary to hire a Realtor?

The short answer to that question is a resounding yes. The internet can only tell you so much and it certainly can’t show your home, take you to homes to see and In This Day And Age Are Real Estate Agents Really Necessary?facilitate settlement when you sell or buy your home.

As it’s been said, when the going gets tough, hire an expert… or something like that. But really, why would you undertake such a huge financial and legal undertaking without being educated in the ins and outs of such things?

A Realtor knows the local market

They know how to negotiate at all phases of the process. They know how to value a home beyond number of beds, baths and square footage. They understand most types of mortgages and home financing, or know someone who is reliable that can help you should you need that type of assistance.

Now let’s talk time

Do you have the time, over and above your day job, family responsibilities and so on, to stage your home, list it with MLS and other websites like Zillow or Realtor.com, take all the phone calls, schedule showings, read/understand/respond to offers, schedule inspections, schedule settlement and all the paperwork a settlement entails, do the walk-through and finally hand over the keys?

Do you have the time to search the internet for homes to see, call the listing agents, schedule showings, write up an offer, read over the inspection report, renegotiate repairs, review the title report and all of the settlement papers?

Experience Matters

One last thing to think about! In your lifetime you may buy and sell 5-10 houses (maybe a few less, maybe a few more). For some of us, that top end is a really slow YEAR!

Realtors spend all of our time negotiating, researching, talking on the phone and getting educated about real estate. The business of buying and selling homes is our life and when you hire a Realtor, you get some of that dedication and determination just for your home!

Rental Property Management Longmont CO

Longmont, Colorado was founded in 1871 and has been a tidy, planned community from the beginning.

From the coming of the railroad to the Air Traffic Control Center, IBM Center and other big business, Longmont, has always been a good place to find a great job and a great place to live. You found that too, and now want to rent your property. You know that it will be difficult for you to manage the property since you won’t be living there. You need a great property management company.

Your best choice for a property management company

Rental Property Management Longmont COThere are many to choose from, but your best choice is Denver Realty & Rentals. They provide the best service for real estate investors and their properties.

DR&R provides property owners every service they could need for the property and it’s tenants 24/7 365 days a year. No matter when issues arise, days nights or holidays. DR&R has plumbers, electricians and handymen ready to help whenever your tenants need them.

Not only to keep your tenant happy but to keep your property in tip top shape.

Denver Realty & Rentals manages all aspects of your property

Worried about what would happen if your tenant gives notice? Or worse, stops paying rent and needs to be evicted? Well DR&R will handle the collection of rents, and any necessary eviction proceedings.

They’ll also get the property cleaned, repaired, shown to prospects and re-rented as quickly as possible. Keeping it rented isn’t the only way you can make money. DR&R will also improve it to increase your equity. They also inspect annually and between tenants.

Denver Realty & Rentals has a wide range of services

DR&R provides you with a wide range of services to make your property shine and stay rented. They provide cleaning and repairing between rentals, advertising the property between tenants with professional photos, background check prospective tenants and show the property, protect your identity if that’s your wish, help the tenants by providing quiet use and enjoyment of the property, make sure all fair housing laws (Federal and State) are followed, collecting rents and evicting tenants when necessary.

Don’t try to do it all yourself. Hire the best property management company with the most expertise to handle your rentals. For more information visit http://denverrealtyandrentals. com/property-management/
For more information about the Longmont, Colorado area visit these sites:

Rental Property Management Lafayette CO

Lafayette, Colorado is a community rich in the coal mining Rental Property Management Lafayette COhistory of Colorado. It’s history includes claims to having the first woman bank president in the world. Living there has been a great experience for you, but now you’ve decided to rent your property.

You know that being a landlord can be a challenge. You need a great property management company. With so many out there, it can be hard to choose. But you know that your best choice is Denver Realty & Rentals. They provide the best service for real estate investors and their properties.

Great services

DR&R provides property owners and investors every service they could possibly need for the property and its tenants. Their services are provided 24/7 365 days a year. Your tenants can have issues arise day or night and will expect that their problem be solved.

DR&R has plumbers, electricians and handymen ready to help whenever your tenants need them. Not only to keep your tenant happy but to keep your property in tip top shape.

Handles all your tenant interactions for you

Worried about what would happen if your great tenant turns bad? Gives notice? Or worse, stops paying rent and needs to be evicted? Well DR&R will handle addressing bad behavior, collection of rents, and any necessary eviction proceedings. They’ll also get the property cleaned, repaired, shown to prospects and re-rented as quickly as possible.

Keeping it rented isn’t the only way you can make money. DR&R will also improve it to increase your equity. They also inspect annually and between tenants.

DR&R provides you with a wide range of services to make your property shine and stay rented

They provide cleaning and repairing between rentals, advertising the property between tenants with professional photos, background check prospective tenants and show the property, protect your identity if that’s your wish, help the tenants by providing quiet use and enjoyment of the property, make sure all fair housing laws (Federal and State) are followed, collecting rents and evicting tenants when necessary.

Hire the best property management company with the most expertise to handle your rentals. For more information visit:    http://denverrealtyandrentals. com/property-management/
For more information about the Arvada, Colorado area visit these sites:

http://cityoflafayette.com/
https://en.wikipedia.org/wiki/Lafayette,_Colorado

Rental Property Management Arvada CO

Arvada, Colorado is a Denver suburb with a lot of history, a small town feel and quiet tree lined streets.

Rental Property Management Arvada CO...Arvada, Colorado is a Denver suburb with a lot of history, a small town feel and quiet tree lined streets.

Having been the first place in the area to find gold in 1870, and a part of the westward railroad expansion, the rich history provides a cool vibe for the area.

But you already know this since you own a home there. Now you want to rent that home but know that being a landlord can be a challenge.

You need a great Arvada property management company and with a lot of choices to be had, you know that your best choice is Denver Realty & Rentals.

They provide the best service for real estate investors and their properties.

Services provided 24 hours a day

DR&R provides property owners and investors every service they could possibly need for the property and its tenants. Their services are provided 24/7 365 days a year. Your tenants can have issues arise day or night and will expect that their problem will be solved.

DR&R has plumbers, electricians and handymen ready to help whenever your tenants need them. Not only to keep your tenant happy but to keep your property in tip top shape.

When bad things happen

Worried about what would happen if your great tenant turns bad? Gives notice? Or worse, stops paying rent and needs to be evicted? Well DR&R will handle addressing bad behavior, collection of rents, and any necessary eviction proceedings.

They’ll also get the property cleaned, repaired, shown to prospects and re-rented as quickly as possible. Keeping it rented isn’t the only way you can make money. DR&R will also improve it to increase your equity. They also inspect annually and between tenants.

Wide range of services

DR&R provides you with a wide range of services to make your property shine and stay rented. They provide cleaning and repairing between rentals, advertising the property between tenants with professional photos, background check prospective tenants and show the property, protect your identity if that’s your wish, help the tenants by providing quiet use and enjoyment of the property, make sure all fair housing laws (Federal and State) are followed, collecting rents and evicting tenants when necessary.

For more info:

Hire the best property management company with the most expertise to handle your rentals. For more information visit http://denverrealtyandrentals. com/property-management/

For more information about the Arvada, Colorado area visit these sites:

 

 

Are Millennials Buying Homes In Denver?

There has been a lot written about millennials and home buying. The general consensus is that they are not big on home buying like the generations before them were and are. Denver millennials are no different. Here’s why.

Cool areas of Denver

Are Millennials Buying Homes In Denver? There has been a lot written about millennials and home buying. The general consensus is that they are not big on home buying like the generations before them were and are. First, millennials have so many cool areas of Denver to choose from to live, so why be tied to a home they have to sell to move to another? Areas like Washington Park are a cool choice for a younger generation. Wash Park, as it is called has amazing spaces for jogging, walking and biking, and also a center for community involvement and socializing.

Washington Park has two lakes and the “Lily Pond” and carriage-ways that meander through the park, a 2.6-mile jogging path, 2 peaceful flower gardens, soccer fields, 2 playgrounds, 1 basketball and roller blade court, 1 horseshoe court, 10 tennis courts and a lawn bowling green.

Convenience

Millennials as a rule just don’t want to be tied down by something as permanent as a home and mortgage. Some avoid it out of fear of financial disasters, but most avoid it out of convenience. When you rent, the most you could be tied to a property is a year or two. If you need to move you don’t ruin your finances by defaulting on a mortgage. Instead they can ask a landlord to let them out of a lease.

Many apartment complexes offer apartments that have amenities that if they were buying in a home would make that home out of their price range. Things like well appointed apartments, pools, fitness complexes, fire pits, and more.

Money

That leads to the last reason why millennials are more apt to rent over buying in Denver: less money. High amounts of college debt and difficulty in finding higher paying jobs makes it difficult to qualify for a mortgage. Don’t give up as a seller, though. The number of millennials now buying are rising.

Selling Your Home – Be Sure To Pick A Salesman Not A Consultant!

Have you heard the idea that your Realtor needs to be your consultant? Not a good idea. You need your Realtor to be a salesperson. Consulting with you is one thing, but being in consulting mode when you really need a salesperson to represent your interests isn’t a good thing.

A good Realtor

Selling Your Home – Be Sure To Pick A Salesman Not A Consultant!A good Realtor needs to be a good salesperson. Not just to sell your home either. But let’s not get ahead of ourselves. Yes, they need to be ready to sell, hard sell if necessary, to find the best buyer and get them ready to buy.

From open houses when you have to sell the merits of your home to other agents, to showing your home to prospective buyers, they need to be able to handle questions, handle objections, make them need your home, not just want it.

Once they make an offer the salesperson needs to stay and handle the negotiations. What is a good offer to take and when you should push back for more.

As a buyer you need a strong salesperson as well

Your consultant will listen and then start looking for the best home for you, but then the salesperson must go to work.

They need to help you offer the best price and then push back when the counter offer is too high. They need to push for concessions and get the best deal for you.

After the contract is signed, the salesperson isn’t finished. He or she needs to make sure that they can sell the appraiser the bank sends that the home is worth at least what you offered, if not more. They need to sell the home inspector on the merits and if there is anything found, sell the seller’s agent on the need for more concessions because of the report.

So don’t look for a consultant in your Realtor, find a salesperson!

The Money You Spend On Your Rental Property Is Not Personal Anymore

You decided to use your home as a rental property. Great! Time to shift your financial thought process about that property from being a home where expenses are just that, expenses, to one where those expenses aren’t personal any longer. What do we mean by that? Read on to find out.

First, your rental property is a separate “business.”

The Money You Spend On Your Rental Property Is Not Personal AnymoreThat means that the income from that property, the rent paid to you, is considered income for tax purposes. Now before you worry about that, remember that where there is income, there are deductions.

Think about it. You have deductions for your personal expenses. Things like health care and medical expenses, real estate property taxes, mortgage interest, childcare and so on. Your rental property is no different.

You will need to keep track of things like improvements made to the property, utilities paid, real estate taxes and mortgage interest paid and property management fees. The IRS has guidelines and your accountant can be a big help in what is and isn’t deductible.

Long term benefits

Next, the money you spend on your rental property will give the property, and you, long term benefits. This is because like when it is a home, improving and keeping your property in good repair will increase the value of the property.

So as with your home, keep valuation in mind when making upgrades to the property. Also keep that in mind when screening tenants. One tenant that trashes your property can decrease the value considerably while one that cares for it like it was their own will help you maintain and increase the value.

It’s a business

Remember, having a rental property means it’s no longer about you. Think of it as your home and the emotional attachment will cloud your financial judgment. Think of it as a business and you will benefit now and in the future.

Why Negotiating Is Such A Key Skill In Real Estate Sales

In real estate sales having good negotiation skills is an important Why Negotiating Is Such A Key Skill In Real Estate Salespart of salesmanship. Once you have the sale completed, the negotiations with the buyer or seller, depending on who you represent, start. If you can’t successfully negotiate a contract that each side can agree with, your sale will disappear.

You don’t have to be a natural negotiator. It is a skill that you can learn and master.

Here are some tips

As a buyer’s agent, you are the one making the first offer. One of the strongest maneuvers when negotiating is to be silent after making your offer. It’s not an easy skill, especially when your clients are probably telling you to keep making new concessions to secure the deal. Being silent will make the other side uncomfortable, which is what you want. So one of the best skills you can have is to keep your mouth shut.

It may just get your client a better counter offer

Negotiating also means getting information, the more, the better. It’s not always just about money. A good example of this is in a home sale. Two people are bidding on the same house. One buyer assumes that the seller would take the highest bid and offers full asking price, but that buyer needs 90 days to settle. The other buyer has his agent ask why the seller is selling. He finds out that the seller has been transferred to another state and has to move quickly. This seller makes an offer under asking price but makes it a cash offer that will settle in 21 days.

Learn more

There is a lot more to negotiating, and getting in touch with a business coach or trainer can help you learn more. As a buyer or seller just knowing that your Realtor is a good negotiator should give you the peace of mind to know that you will end up with the best outcome they can get for you.

5 Fun Colorado Decorating Ideas

Time to change up your décor? Since you live in Colorado, paying homage to the state in your decorating isn’t a bad idea. You don’t have to go totally mountain rustic, but use your imagination in how to weave in bits and pieces of the beauty and history of the state.

If you want to change up room colors, use the beautiful mountains for ideas

5 Fun Colorado Decorating IdeasBeautiful blue skies, slate grey of the high mountains, cool browns of the rich earth and evergreen trees make for amazing inspiration. Just paint alone can give you a great Colorado feel. Calm blue walls, with touches of deep green and brown will give you a mountain feel. The greys and even burgundy streaks of slate can make a room special. Use your imagination and take your cue from your surroundings.

Want more Colorado touches?

Add touches of wood. Beautiful hardwood floors, exposed ceiling beams or wood mantle will make the home feel more rustic. If you have a fireplace that is brick, cover it with slate or stone. You can go as rustic as you want from just a bit here and there to total cabin feel.

Don’t forget the history of Colorado in your décor!

The railroad was huge. Native American tribes and cowboys make the list. Search at estate sales, antique shops or thrift stores to find that perfect piece to tie in Colorado history in your home.

Do some research in your local library to see if there is something special or specific to your town and see how you can make that part of your decorating plan.

Is It Time To Sell Your “Upside Down” Rental Property

You had the perfect home, then the bubble burst. All of a sudden your perfect home was an upside down home that had Is It Time To Sell Your "Upside Down" Rental Propertyyou so far underwater you were drowning, and unable to sell. So you moved out and rented it out in order to pay the mortgage. Now the market is rebounding and your upside down home is finally righting itself. So is it time to sell?

The answer is easy, but complicated

The easy answer is yes, if the value of your home now exceeds the mortgage balance. The complicated answer is with tenants there you may not want to or be able to sell right away. Not right away because you probably have a lease in place that requires notice. Notice requirements won’t stop listing the home, but will add time to when you can sell. That aside, your tenants saved your butt when values tanked and made it possible to keep your property instead of losing it and your credit rating to foreclosure. Just throwing them out would be rude.

So what can you do?

If you’ve decided to sell you can sell with the tenant in place. For a buyer looking for an investment property, that’s a huge plus. They don’t have to find a tenant. No down time, income immediately. If you don’t want to sell it as an investment property then you’ll need to move your tenant out. You’ll need to work with your tenant to help them find another place to live. This is especially true if your tenant was a good one. Work with your Realtor to help them out.

Remember that this sale isn’t all about you

Another person or family is affected as well. If you alienate them they can make your sale particularly difficult, long and expensive. So, be kind to your tenants. Help them and you can finally be out from under your upside down home.

Want more info? Give Denver Realty and Rentals a call today! 303-452-5853