Recent Home Sales Information Arvada, Colorado Club Crest Neighborhood

Arvada’s Club Crest neighborhood is located in an area bounded by 72^nd, 80^th and from Kipling to Wadsworth. It is a nice neighborhood with homes generally built in the 1970’s.

The following sales information are detached single family homes, sold in the last 6 months (from date of posting) as reported by Metrolist MLS.

Number of homes

14

Median total days on market

87

Lowest price – highest price

$140,000 - $252,000

Ave price/ fin sq ft

$103

Ave price/ sq ft

$101

For more information on the Club Crest neighborhood, or any other in the Boulder Denver Metro areas, please contact me.

Roy Johnson

Resident Realty

303-875-1986

myhomecolorado@gmail.com

www.mybrokercolorado.com

Facing Foreclosure? Watch Out for the Scammers

As many people are struggling through these tough economic times, the scammers, thieves and liars move it. Some claim to be able to save you from foreclosures, some promise loan modifications for a fee.

The Federal Trade Commission (FTC) gives the following advice:

1) “Don’t pay for any business, organization, or person who promises to prevent foreclosure or get you a new mortgage. These so-called ‘foreclosure rescue companies’ claim they can help save your home, but they’re out to make a quick buck.”

2) Watch out for names, websites, phones numbers that make it look like they are official or a government agency to mislead you into believing so.

3) Be alerted by pitches such as, “We can stop your foreclosure,” “97% success rate!” “Guaranteed to save your home!”

4) “Send your mortgage payments ONLY to your mortgage servicer.” “Some scammers offer to handle financial arrangements, but then just pocket your payment.”

Also, never, never, never sign your deed over to one of these scammers regardless of the promises.

For more scam alert information, http://hopenow.com/loan-modification-scam-alert.php#

The FTC recommends that you talk to a HUD certified counselor, for free. The national hotline, 24/7 is 1-888-995-HOPE.

Also refer to www.makinghomeaffordable.gov and www.hopenow.com

Roy Johnson, Broker, Resident Realty

myhomecolorado@gmail.com

www.mybrokercolorado.com

303-875-1986

Receive a Notice of Intent to Foreclose?

The economic times have been hard on many of us.  The federal government has several programs you may want to explore. Before you give up hope… explore these possibilities.

From the Department of Treasury and HUD making home affordable site,

Home Affordable Modification Program (HAMP)

“If you are having a tough time making your mortgage payments for reasons not related to unemployment, you may qualify for HAMP. HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in a 40 percent drop in a monthly mortgage payment. Eighteen percent of HAMP homeowners reduce their payments by $1,000 or more.”

Second Lien Modification Program (2MP)

“If your first mortgage was permanently modified under HAMP and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage under 2MP. 2MP is designed to work in tandem with HAMP to provide a comprehensive solution for homeowners with second mortgages to increase long-term affordability and sustainability. If the servicer of your second mortgage is participating, they will automatically evaluate you for a second lien modification.”

Home Affordable Foreclosure Alternatives (HAFA) Program

Page Content“If your mortgage payment is unaffordable and you are interested in transitioning to more affordable housing, you may be eligible for a short sale or deed-in-lieu of foreclosure through HAFA. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and the amount that your home sells for. You will also receive $3,000 in relocation assistance upon successful closing of your short sale or deed in lieu of foreclosure.”


For more information, www.hopenow.com and www.makinghomeaffordable.gov

Roy Johnson, Broker, Resident Realty
myhomecolorado@gmail.com
www.mybrokercolorado.com

Recent Home Sales in Boulder, CO Heatherwood Neighborhood

Recent sold information for the Boulder, Co Heatherwood (Gunbarrel area) Neighborhood. Information from Metrolist MLS, for previous 6 months from time of posting, for detached single family homes.

These homes range from 1970-1986 (year of construction).

Median total days on market – 57

Ave price/sq ft - $220

Ave price/fin sq ft - $183

Address

Sq ft,    basement sq ft, total sq ft, fin sq ft,        sold price

7898 DEVONSHIRE Way

2,251   1,020   3,271   2,251   $409,000

8055 KINCROSS Way

2,617   1,002   3,619   2,785   $555,000

7899 Devonshire         

1,515   575      2090    1757    $270,000

4645 Hampshire St

1,880   648      2,528,  2,200   $340,000

7793 Cornwall CIR

2,142   1,015   3,157   2,142   $414,750

4845 Durham St

1,163   648      2,313   2,263   $445,000

8055 Kincross Way

2,617   1,002   3,619   2,785   $555,000

For more information on this area, other Boulder neighborhoods, or neighborhoods in the Denver metro area, please feel free to contact me.

Roy Johnson, Broker, Resident Realty

303-875-1986

myhomecolorado@gmail.com

www.mybrokercolorado.com

Divorce Home Sale?

Selling a home due to a divorce presents some unique issues. Finding a broker with the skills necessary will help with a difficult time in your lives. Consider the following when making your choice:

1)                  A broker with experience in home sales in this unique situation.

2)                  A broker who can work with both parties, to the benefit of both parties; one with the experience to work with two attorneys and divorce judgments.

3)                  A broker with the understanding that this is a difficult and emotional process.

4)                  A broker who can market the home to the benefit of both parties.

5)                  A broker who understands the financial hardships of the process and who is willing to negotiate the commission rate to help you through this difficult time, to everyone’s benefit.

6)                  A broker who knows the title companies with experience to facilitate such transactions.

7)                  And one who will help you progress.

The divorce process is difficult, emotionally and financially. Find someone understanding and who can help you through.

Roy Johnson, Broker, Resident Realty,

myhomecolorado@gmail.com

www.mybrokercolorado.com

South Pointe Neighborhood Lafayette, CO Home Sale Information

The Lafayette, Colorado South Pointe subdivision is a very desirable neighborhood located near the area SW of Hwy 287 and Hwy 42. It is a newer subdivision close to medical facilities and amenities in Lafayette and Broomfield, with easy access (about 5 minutes) to Louisville.

Here are the solds of detached single family residences in South Pointe in the last 6 months.

2930 Golden Eagle, total sq ft of 2712, 2 story, 2 car garage, $349,900

325 Marmot Pl, total sq ft 2615, 2 story, 2 car garage, $352, 500.

481 Whitetail Cit, total sq ft 2940, 2 story,  $359,000.

501 Pleasant Cir, total sq ft 3935, 2 story 3 car garage, $410,000.

447 Beaver Point Rd, total sq ft 3934, 2 story, 3 car garage, $435,000.

313 Elk Trl, total sq ft 4821, ranch, 3 car garage, $485,514.

421 Elk Trl, total sq ft 4640, 2 story, 2 car garage, $570,000.

(Above information from Metrolist MLS)

If you’re thinking of selling in the area, please contact me for a free CMA (comparable market analysis) of your home.

If you’re thinking of buying in the Boulder County, Denver Metro area, please contact me for information. Full buyer services at no cost to buyers?

Roy Johnson, broker, Resident Realty,
303-875-1986
myhomecolorado@gmail.com
www.mybrokercolorado.com

Market Information on Denver’s Park Hill Neighborhoods and 2011 Sold Information

Thinking about selling or buying in the Park Hill neighborhoods? Here some information for you.

(The following information compiled from information provided by Metrolist MLS and applies to detached single family homes.)

The neighborhoods have averaged approximately 16 sales per month over the last 6 months. There are approximately 101 homes on the markets. Using these figures the absorption rate is approximately 15.8% and the “months of inventory” is about 6.3. This indicates to me a market slightly favoring buyers. The “median days on market” also consistent to this indication.

The homes in the Park Hill neighborhoods were built ranging from the late 1800’s to the 2000’s. Many home buyers favoring older homes like the area for the selection of the unique homes. Some of the older homes have little refurbishment, others have been totally remodeled.

2011 Homes Sold

There have been 21 homes sold (detached single family) so far in 2011 (Jan 1 – Feb 25) according to information provided by Metrolist MLS.

Of these solds, the year of construction of the homes ranged from 1908 to 2002. The median sold price was $337,000.

Median total days on market.

111 (Compared to 80 during the last 8 months. Likely indicative of seasonal differences in market.)

Low sold price – high sold price

$120,000 - $635,237

Ave price sq ft – ave price fin sq ft

$266 - $155

If you are thinking about buying a home in this or any other area in the area in the Denver/Boulder metro areas, please contact me and I’ll be glad to email you information on any area.

If you are considering selling, please contact me for a free CMA for your home.

Roy Johnson
303 875 1986
myhomecolorado@gmail.com
www.mybrokercolorado.com