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February 12th, 2010
30 Acre Golden Colorado Ranch for sale
One of the last large parcels of ranch land in Golden, CO Mountain views and development potential for 120 single family home lots. Currently there is a rustic home on the property with three bedrooms, one and 3/4 baths and a wood burning fireplace. The home is on a well and septic system.
Horse Property and ATV riding
This ranch land is bordered on the East by North Table Mountain Village subdivision. The homes there are selling in the $400k range on 6,000 square foot lots. The land has barns, sheds and fenced corral and a pasture in back for horses. Additionally, the Van Bibber creek runs across the property. If you are looking for an incredible investment opportunity, that you can also live in, this is it! Obviously, there is plenty of room for storing an RV, trailer, riding horses, riding ATV’s or dirt bikes. The land is currently set up for a horse operation with agricultural zoning.
Excellent Golden Colorado location
Located close to an existing equestrian center, this home and land has easy access to I-70, US 6, the Boulder Turnpike and the Northwest Parkway E-470. The physical address is 19375 W. 58th Avenue, Golden, CO and is located just East of Highway 93 and the newly designated Jefferson Toll route.
Offered for sale at $999,999. Previously under contract for $3.5 Million!
Offered Exclusively by:
Surety Realty Inc.
Jason Pavlovic - 303.667.1622 direct
Jason@suretyrealty.com
Stuart Dobson - 303.919.0309 direct
Stuart@suretyrealty.com
Tags: Golden CO development land for sale, Golden CO ranch for sale, Golden Colorado ranch for sale, horse property for sale in Golden CO
Posted in Colorado Real Estate and Homes | No Comments »
February 9th, 2010
Another story about why banks are irrational and insane when dealing with short sales
To make a long story very short. I have a very well qualifed buyer (821 credit score, $100k plus down, salaried job for the governement, etc.). We found a house that another Realtor has listed as a short sale. This other Realtor is also experienced, knowledgeable about the area and well versed with short sales. The house was appropriately priced at $340k, we made an offer for $325k….everything is ok so far.
The bank short sale processor gets involved
And everything goes to hell. The banks BPO appraisal comes in at $375k! Out of area appraiser, and the bank processor will not consider an appeal. Both the listing Realtor and I know this BPO is way off target since no model of this house in this neighborhood has ever sold for more than $355k (even in the height of the housing boom).
Time, Money, and Frustration
So, the sellers have paid for a real appraiser to come in and do a rational appraisal in the hopes that the bank processor has a superviser that the listing Realtor can get in touch with. Meanwhile the buyer is being patient, even though this process has now dragged on for three months with no end in sight.
The home sellers are frustrated, the home buyer is frustrated, and both of us Realtors are frustrated. But at least the bank processor still has a job and is collecting a paycheck for the outstanding job she is doing 
Ahh, it’s good to be involved with Short Sales!
Tags: buying a short sale home, Colorado short sale, purchasing a short sale in CO
Posted in Colorado Real Estate and Homes | No Comments »
January 29th, 2010
Broomfield Office Lease Space
If you are looking for small, short term, but very clean, upscale office space to lease in Broomfield, CO. The Broomfield commercial office space for lease in this building may be just right. Located at 6343 W. 120th Ave, which is just west of Sheridan Blvd, this two story building has office suite with windows, mountain views, or interior offices. All of the available office spaces left are on the second floor.
Cheap office space in Broomfield
The lease rates range from $325 per month for an 85 square foot office, up to $975 per month for 630 square feet, with many offices in between. You will not find nicer, less expensive office space in Broomfield! Plus the landlord is willing to enter into short term leases,
so your risk is minimal.
Office space amenities
Each office has drop down ceilings, phone line and one phone provided (more lines are available), and may come with some office furniture for use as well.
Common Area includes:
- Conference Room - suitable for 15 people.
- Copy Room - has professional copier available.
- Reception Area - tiled; well lighted, and professional.
- Break Room - fridge, microwave, stove, sink, etc.
- Elevator access to second floor.
Offered Exclusively by:
Surety Realty Inc.
Jason Pavlovic - 303.667.1622 direct
Jason@suretyrealty.com
Stuart Dobson - 303.919.0309 direct
Stuart@suretyrealty.com
We believe in the building and office space so much, we even moved our office here. If we as Realtors don’t know where the best, cheapest deals are…who are you going to follow?
Tags: broomfield office space for lease, Commercial real estate, office space for lease, office space for lease in Broomfield
Posted in Commercial Colorado Real Estate | No Comments »
January 15th, 2010
Outdoor Activities in Denver, Colorado
Colorado is famous for its leisure activities - kayaking, canoeing, mountain climbing, skiing, hiking and many others. As the state capital, Denver is a truly unique American city - blending the urban metropolitan cityscape with the outdoors and serving as an important base for exploring the Colorado mountains.
Summer is generally the best time to visit Denver as winters are often bitterly cold, although the climate is mostly sunny all year round. However, in winter the region becomes popular with skiers and snowboarders from all across the USA and from other countries. The internationally renowned ski resort of Aspen can be easily be reached in a day and provides some of the best ski conditions to be found anywhere in the world.
One of the most popular outdoor activities is the Red Rocks Amphitheatre, which hosts regular concerts throughout the season. Famous acts who have performed here recently include Crosby and Depeche Mode. As the heat intensifies during July and August, an excellent way to cool off is to visit one of the 15 outdoor swimming pools in the city. Admission is just $2 for children and $3 for adults and a seasonal pass is available as well ($20 for children and $40 for adults).
Another popular outdoor attraction is Denver Zoo, which provides an excellent family day out in this 80 acre park, comprising of over 4000 animals (admissions prices in 2009 were $7 for children and £12 for adults). However, if you are comfortable with the heat, or you would prefer to visit Denver in the spring or Autumn, the Denver Botanical Gardens are a worthwhile visit. Despite Colorado`s dry climate, the gardens contain over 32,000 species of plants and during the summer months they are open from 9am.
If you would like to travel a bit further, take a trip west on the I70 to see the outstanding views of the summits of the Colorado Rockies. In winter this route can be treacherous so do be careful. A 70 mile journey south on the I25 will take you to the famous tourist attraction, `Garden of the Gods` - a stunning series of red rock formations which are popular during the summer months.
When travelling to Denver, most people suggest that the most convenient and efficient way of getting around is book a car hire which you would pick up from the airport. For car rental Denver airport offers anything from luxury sports cars to large minivan, all at various price ranges. You can also use the skyline service which can take you from the airport to your destination.
Posted in Miscellaneous | No Comments »
January 6th, 2010
Smaller and mid size banks are not repaying TARP funds
The ‘too big to fail’ big banks are rushing to repay the TARP funds across the country so that they can get out from under the executive pay restrictions, but that is generally not a concern at the community and regional banks. The Distressed Commercial Notes that are backed mostly be commercial real estate will be the biggest problem facing these smaller banks in 2010. That is because many of these loans are constructions loans, bridge loans or have their roll overs during the year and the banks will not be able to lend due to reduced appraisal valuations.
While overall the Troubled Asset Relief Program (TARP) is outperforming expectations and this is good news for taxpayers, most banks are still not lending. The smaller banks don’t have the executive pay levels high enough for them to rush to repay the TARP funds, and since they will face a large share of troubled commercial notes coming due in the next year they must preserve their capital. This is NOT good news for small business owners or the economy in general since most small business rely on community and regional bank lending for the expansion and operations.
And while note explicitly stated, it is also related to the goal of decreasing the overall number of banks in the country. The larger banks don’t have to have near the FDIC capital levels that are required of the smaller banks. Thus smaller and community bank shareholders are in a precarious position in 2010 and need to realize that the old ways of holding OREO and other distressed assets while waiting for an economic recovery and bank earnings to allow liquidation of the REO is probabaly not going to work this time.
Eventually the small and mid size banks will have to repay the TARP funds, the question is, will they be around long enough to do so?
Tags: commercial real estate notes, Distressed Commercial Notes, Distressed notes for sale, distressed real estate notes for sale
Posted in Miscellaneous | No Comments »
December 14th, 2009
Commercial Real Estate and the Mayan Calender
As the date approaches, many fear the Mayan calendar which states that the end of the world will occur in 2012 – well, December 21, 2012 to be exact. Hollywood seems to buy into it as they’re releasing a film of blockbuster potential aptly entitled “2012”. Maybe the Mayans were referring not to the end of the world but a cataclysmic meltdown of the commercial real estate industry.
Maybe not the entire world, but the Commercial Real Estate Industry is bad.
The commercial foreclosures that will be and already has started to trickle into the media will flood the market soon. We’ve already started to see this with many big businesses going under but one industry is the newspaper and magazine industry. Why are these going out of business? Well, the online industry has had much to do with this as people are getting their information on the Internet and they’re not paying for it. Why pay for something that you can have at your fingertips for free, literally!?
Take the Newspaper business for example
If we take a step back at this predicament, the newspaper company that went out of business is not the only company suffering. Landlords will now have to come up with money they are no longer receiving from these newspaper companies to pay the mortgage to the bank. Well, if there is no newspaper company to pay the bills because subscriptions are down, then the landlord can’t pay the bank and now the commercial bank note is non-performing. See where I’m coming from? This is a huge problem and the newspaper industry is just one of many industries where banks are starting to fret about. Distressed Bank Assets will start flooding the news soon and who knows, maybe December 21, 2012 will be the worst day in the commercial real estate industry…
Tags: Commercial real estate, Commercial real estate foreclosures, commercial real estate notes
Posted in Commercial Colorado Real Estate | 3 Comments »
December 1st, 2009
How banks are making mistakes with real estate agents doing short sales
Working toward the same goals
In theory the incentive a listing agent has to sell a house for more money has to do with the fact that their commission is directly tied to the final sales price. This aligns the agent financial goals along with the sellers. However, now that residential short sales have become commonplace in this market most banks have mandates that total commissions on short sales will often only be 5%. This may contradict the listing agreement that the agent has signed with the sellers, but since the banks have the final approval on the short sale, the listing agreement that defines the commission paid really becomes secondary.
Commission reductions
I’ve done my fair share of short sales acting as both a buyer’s agent and a seller’s agent both for
residential as well as commercial short sales. I’ve also had banks demand that the total commission be reduced on every single sale, some as low as 4% total. While I’m not going to go into the end results of these demands from the banks, it’s important to remember that we as listing agent wind up acting for two interests, the sellers and the banks. And many times, with the banks trying to lower commissions and the sellers just wanting to get rid of the property as fast as possible, those two interests collide.
Sales delayed
For example, banks demand that the property be continuously marketed until short sale approvel is given, however, by doing so the sale process can be delayed if multiple offers are submitted. Most agents I know of are taking and submitting only the first offer that comes in. This protects the buyers interests, the sellers interest to get the deal done quickly, but not the banks interest to obtain the most money possible for the sale.
commission reductions = wrong decisions
Banks demanding that commissions be reduced causes the agents to act in the other parties interests by encouraging fast sales rather than maximizing price. If the banks would not insist on commission reductions they would probably get better results as the agents would feel that their efforts are going to be rewarded rather than attacked. The way that the banks are acting is forcing listing and buying agents to align somewhat against the banks interests. If the banks would speed their response times and leave the listing agreements alone, the sellers and banks would be much better off.
Posted in Colorado Real Estate and Homes, Commercial Colorado Real Estate | 1 Comment »
August 15th, 2009
How to Look For a Perfect Vacation Home
Vacations are great ways to relax and rejuvenate yourself, but if you’re not able to enjoy yourself as you should because of the lousy dump they call a hotel, then the money and time spent on this sojourn are just not worth it. If you’re going away in order to get away from the maddening crowd, it’s best to rent a vacation home rather than stay at an impersonal hotel. For one, you get complete privacy, and for another, you get the comforts of home away from home. So if you’re looking to rent the perfect vacation home, here’s how to go about it:
• Do your research: Rather than choosing the first home you see or know that’s available for rent, do your research and see how well the place is maintained and find out about all the comforts and facilities that are available at your disposal. If you do know people who have vacationed at the same location before, ask for recommendations. Some companies offer virtual tours on the Internet so you can actually see the place before you get there, so use this facility to see exactly what you’re getting.
• Call ahead: You need to talk to people rather than just email them and get responses because the personal factor must come into play. Don’t use your calls to just make reservations; instead, ask about the facilities available at the vacation home.
If you value your comfort, then you may need maid services, room delivery and other options. If not, check out how well stocked the kitchen is so you can make your own food.
• Learn about the neighborhood: It’s not enough to just see the interior of the home you’re going to stay in; you also need to check out the general locality and neighborhood to determine if it’s safe enough to
venture out on your own, especially in places where you know crime is rampant.
• Don’t send money ahead: Unless you’re certain that you’re going to get all that is promised, do not send any money for a reservation. If you must pay ahead, use your credit card so that you can stop payment in case the terms of your service are not met.
A vacation home must be a home away from home, one that makes your holiday relaxing and enjoyable. But if you are used to having people wait on you hand and foot, you would be better off going to a good hotel.
By-line:
This article is written by Kat Sanders, who regularly blogs on the topic of a construction management degree at her blog The Fixer-Upper Blog. She welcomes your comments and questions at her email address: katsanders25@gmail.com.
Posted in Colorado Real Estate and Homes | No Comments »
May 13th, 2009
Get Ready – Summer in Colorado is Almost Here
What Is There To Do in Colorado?
As vacation time approaches, families wonder just exactly what to do with the lazy days of summer. Colorado has so much to offer. The following is a sampling of only some of the activities available to you right here in our home state.
Breckenridge gets to be 150 years old this year. As early as 1860, local residents were skiing to get around town. Now, the locals and many out-of-towners ski the slopes during season, but walk or drive to get out and about. The town was established in 1850 by some prospector’s who came looking for gold. Some even found the “pot of gold”, others discovered an incredible lifestyle in incredible surroundings. There are special events in town all summer long. Check out the Breckenridge CO website to find something about the town’s history on the biking, hiking and Nordic ski trails as well as the improvements being made to historic sites and museums. The Grand Celebration will be August 8-9, 2009. There is something for everyone. Check it out.
Colorado Springs has a multitude of places to visit and things to do. One of them is the Pikes Peak or Bust Rodeo. It runs from July 8 – 11th. You get to see steer wrestling, bareback riding, tie-down roping, bull riding, saddle bronc riding and team roping. You even have rodeo clowns and more. If you are a car buff, you just might want to return to the Springs for the Pikes Peak International Hill Climb on July 19, 2009. You can see some of the weird, bizarre and humorous photos of the race found there. It is amazing what people can do with, in or over a car!
Evergreen Colorado also has a parade and rodeo June 19-21, 2009. Evergreen is a wonderful place to visit, to play or even to live. It is 7,200 feet high so you get very mild temperatures even in the summer and the winters aren’t bad either. Evergreen Lake features boating, fishing, birding, ice-skating, weddings and concerts. They have mountain parks and miles of trails to hike, bike, snowshoe or horseback ride. The Evergreen Chamber of
Commerce will tell you everything you want to know about their various activities available. It is only 35 minutes from Downtown Denver off I-70.
If baseball is your game, check out the JUCO Tournament. This is the Junior College World Series. Games 18 and 19 are being held May 29 and 30th, 2009. Professional baseball can also be found in Denver as played by The Rockies, although so far they are off to a rough start this year…
For those peach lovers, you haven’t had a great one until you have experienced a Palisade Peach. They are the most luscious things you have ever tasted! The Peach Festival in Palisade runs from August 13 through the 16th, 2009. There are shops, artists, fruit stands and orchards, restaurants, wineries, bed and breakfasts, historic walking tours, biking and rafting trips and a Sunday Farmers Market. Sounds to me like a visit to Palisade Colorado is definitely called for.
If you haven’t had enough of “rodeoing” try out the Steamboat Springs Hot Air Balloon, Rodeo and Art in the Park July 11 and 12. Like much of the Rocky Mountain area, Steamboat Springs is a year round event with something to do winter, summer, spring or fall. The best place for more information is www.steamboat-chamber.com.
Telluride offers another great Colorado experience. The Bluegrass Festival held June 18 – 21, 2009 is a national event. You might be too late to make your reservations already but you can try. June, July and August in Telluride are a true experience.
Last but certainly not least is Winter Park. The resort opens for summer June 13th through September 7th, 2009. The YMCA of the Rockies is based here for a great family get away – no television, no radio, no cell phones – just peace and quiet in a beautiful setting. Through out the season you have everything from rodeos, to a chili cook off to bike races to the Grand County Blues Fest, to the 17th Annual Salute to American Veterans Rally and Festival (August 14-16) where 40,000 motorcycles are expected.
Plan your outings now and enjoy our beautiful state – Colorado. - by Jacqui Jeffress
Posted in Colorado Real Estate and Homes | No Comments »
May 8th, 2009
Moving your home based business into a commercial leased space
Are you cramped in the basement with your workforce and starting to step on one another? Now is the time to get into a business friendly commercial property to allow your business to grow.
What about the cost of leasing office space? Face it, if you are seeing your business increase in these times how much better will your cash flow improve in the recovery? If you need 1,000 or so square feet there are places in the Denver market where you can lease great office space for around $1,000 a month with the landlord paying the bills (also known as a ‘gross lease’)! Lease rates can be locked in for years at these currently amazing rates due to the recession. Also, there are some great buying opportunities as well! New office condos and flex warehouse projects that were build in the past year are sitting out there waiting for you and your business!
These office condos and flex warehouse spaces are being offered at very attractive prices. If you need dock high doors or drive in doors, assembly, shipping or other type space there is plenty available. Finally, when you are ready to start shopping for space, you should retain the services of a qualified Denver commercial real estate broker. This doesn’t mean just one who works the Denver city proper area, but one who is familiar with the entire Denver metro commercial office space region. We’ll be happy to help, and even if you think you might not be ready to make the move for a while still, give us a call so we can discuss your needs and start educating you with the process of commercial leasing. - Jason Pavlovic
Posted in Commercial Colorado Real Estate | No Comments »
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