Posted: Sunday, April 26, 2009
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The story goes like this. An agent with buyers wants to see a home on short notice. The sellers have indicated in the MLS they need a 24-hour notice for showings. But the buying agent asks the selling agent if they can see the house with only a two-hour notice. The selling agent asks the sellers and they say no, but insist they’d like to set it up for another time. The sellers never hear from the buying agent again because the buyers went up the street to see a house they could get into and bought it later that day. What’s the moral of this story? Be flexible. I know it’s difficult to have your home ready in a moment’s notice, but this is still a buyers’ market, and they are in control. For years realtors have loosely used the term “there are only a handful of buyers out there.” Now, however, it’s actually true. So when they come through your neighborhood, you better be ready. I tell my sellers to keep their homes show-ready at all times. And I mean all times – when they leave for work, when they leave for vacation and when they leave to go shopping for the afternoon. Agents will tell you most of the time if they’re lucky they’ll get a day’s notice that a buyer wants to go out and shop. Most of the time buyers call and ask if they can go see homes later that same day. Changing plans to accommodate buyers puts everyone in a tough position, including agents, but that’s how it goes. You may be thinking that a 24-hour notice request generally only applies to high-end listings. Yes, traditionally that has been true. But the bigger problem I’ve seen is when homes of all price ranges don’t look their best for showings or they aren’t even available. In this market, every showing and that’s every showing counts. Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.CoDreamHouse.com.
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Posted: Tuesday, April 21, 2009
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This exceptional residence located in Heritage Estates offers the epitome of a luxurious lifestyle. A sample of the outstanding features and appointments of this home include crown molding, hardwood floors, floor to ceiling windows, travertine tile and custom woodwork throughout. The exterior boasts a swimming pool, spa, and an integrated water feature. The spectacular views of the golf course and majestic mountains are inspiring from every angle. Heritage Estates is a Golf Course Community positioned around the fairways of the Arnold Palmer designed Championship Lone Tree Golf Course, a splendid trail system, and a collection of award winning masterpiece custom homes. Located minutes from high-end shopping districts, the Denver Tech Center, and Mountain Resorts, this is the perfect community even for the discriminating buyers. Call Dan Polimino at 303-522-1161 for a showing of this property at 8170 Sawgrass Drive, Lone Tree, CO 80124. Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.CoDreamHouse.com.
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Posted: Sunday, April 19, 2009
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Trading homes is not a new idea, but in this economy it is becoming a more valuable option. I know a builder that had a custom home for sale last year. Some potential buyers wanted it but needed to sell their home first. The builder took a look at the buyers’ home, liked it, bought it and moved into it. The buyers took the new custom home and paid the builder the difference. This wasn’t exactly an even trade, but a trade plus cash can work just fine in this environment as well. It all sounds good, doesn’t it? But it’s sometimes tough to find compatible parties. The people on the other side of the transaction not only have to be looking to move into your neighborhood, but they also need to share your taste in homes and be in the right price range for the trade to work effectively. That’s a lot of variables that must come together at the right time and place to pull off a trade. As one might expect, a number of Web sites aimed at connecting people willing to trade homes have popped up in the last several years, and these sites report record traffic as more and more folks find it harder to sell their homes. HomeExchange.com, OnlineHouseTrading.com and GoSwap.org are just a few that play matchmaker. Of course these aren’t the only places you can find people looking to trade. Your local newspaper is another source. Or try Craig’s List and Google Base. As with any real estate transaction, it’s probably a good idea to get some help. Trading can be complicated and can have sticky tax and legal implications. If you’re serious about giving it a try, either a professional real estate agent with some trading experience or a seasoned real estate attorney are wise investments. Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.CoDreamHouse.com.
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Posted: Thursday, April 16, 2009
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This wonderful property at 333 Faraway Place, Castle Rock, Colorado, built in 1983 with turn of the century craftsmanship to immulate a true Spanish style villa. This fine home was commissioned by and built for the Maytag Family who contracted a large commercial construction company in Denver to achieve the quality and authenticity they desired. Situated on 227 pristine acres this beautiful property is perfect for your horses with huge open meadows and protected by a very large ranch that is in a conservation easement. The land offers extensive views of snow capped mountain peaks, peaceful valleys, tree lined hillside and the nearby town of Castle Rock. You will be impressed by the quality as you enter this fine 7400 + finished square foot home from the free form spiral staircase to the extensive use of tile and wood and other natural materials. A wraparound… veranda overlooking your private pool is a great place to relax and take in the unbelievable Colorado beauty. Call Dan Polimino at 303-522-1161 for a showing. Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.CoDreamHouse.com.
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Posted: Sunday, April 12, 2009
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Located in the new subdivision of Eagle Meadow Estates with easy access to 1-25 and convenient to both Denver and some Northern neighboring cities. As you enter through the leaded glass front door into this fine 3800 + finished Sq. Ft. ranch style home, you will be taken by the openness of this home with its great room and large windows. The high level of finishes includes hardwood flooring, upgraded decorator lighting and a kitchen that will meet and exceed your wants and needs with its center island, slab granite counters accented by a tile back splash, and stainless appliance package. The main level also includes a large master suite, master bath with a walk-in closet, a secondary bedroom private study/office and a formal dining room. The lower walkout level consists of two bedrooms, a full bath, a large rec room and storage. A Trex style deck offers views of the Rocky Mountains and a neighboring buffalo ranch. Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900. Take the virtual tour at http://www.vid2r.com/co/049004
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Posted: Tuesday, April 7, 2009
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Most people don’t want to buy in the low. They want to sharp shoot for the bottom. But let’s face it. If you can predict the market’s bottom and buy at the perfect time, you’re either clairvoyant or have impeccable timing. In all the years I’ve owned different businesses, I haven’t met too many people who can honestly claim either. Witness what’s gone on over the last eight months with the stock market. Some estimates say the average American has lost between 27 percent and 32 percent of their savings and wealth. Some have lost more, and some have lost less. The point is obvious: Even the smartest of investors weren’t able to use market timing as a sound investment strategy. That’s why I think it’s prudent to buy in the low. I’m not just talking about real estate either. It could be stocks, business positions or retail goods. But let’s use real estate as an example. If you think home prices in a particular neighborhood are at rock bottom or near the bottom and you’re in a position to buy, then by all means pull the trigger. Sure, home prices could go lower, but they could also rise. Very rarely can you sharp shoot for the bottom and hit it just right. By the time it’s public knowledge that we’ve all hit bottom, it’s already too late and prices are rebounding. Just use common knowledge and good resources when evaluating neighborhoods and home prices. Most people can tell when a particular home is a good deal. Rarely do I run up against buyers these days that haven’t done their homework. In most cases they can rattle off the price per square foot in three different neighborhoods, and they know exactly what they should be able to get for their money. April to July is the prime selling season in Colorado, and it’s a perfect opportunity to capitalize on some great “in the low” properties. If you’ve got the means, get out there and look around. Quit worrying that we may not have hit bottom. Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.CoDreamHouse.com.
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