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Archive for November, 2009
Sewer Scope – Do it or Lose Thousands!
Nov 11th 09
Scoping your sewer line is a serious job and MUST be done during the inspection process when buying a home for sale. Sewer line repairs can cost in the thousands of dollars. In fact the least expensive one I’ve seen was $4,200 and I regularly see them in the $8,000 range. It involves digging up the yard and in worst case scenarios it can mean digging up and replacing the sidewalk and even small sections of the street. Big time money for items like this.
“Below I’m using actual sewer line photos provided by Warren at Pipe Spies.”
Scoping the sewer line involves Pipe Spies going through the sewer clean out, toilet or through a roof vent with a long hose that has a camera attached to the tip. The camera videos the pipe from the house to the sewer main usually out at the street. This allows them to see any breaks, roots, low spots or other problems in the line.
Warren says “All or nearly all the problems I find that need repair are undetectable by simply running water continually or flushing the toilet.”
Tips:
- Don’t use a sewer scope company that also owns a backhoe to repair the lines. Companies with the tools to repair the line may be tempted to tell you it needs major repairs.
- Order the sewer scope to take place during the actual home inspection. (Don’t forget to order the Radon test too.)
- Most home inspectors will suggest a sewer scope on all older homes and especially if there is or was a tree located in the front yard above or near the location of the line.
- Cost of a sewer scope is around $200 but can literally save you thousands.
- I’m not going to debate how old is old enough to need to be scoped. That is up to you and your chosen home inspector.
Email Warren at Pipe Spies to schedule an appointment.
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- Hole in the bottom of pipe before the downturn into the city main.
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- PVC has trench (hole) in bottom of pipe.
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- Poor workmanship. A 4-inch wye was inserted in a 3-inch cast iron pipe when installing an outside clean-out.
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- Sewer ended at a cavity. Pipe gave way to bottom of pit and now sewage is draining into the cavity which was a few feet before the city main.
Video Views of Pradera Golf Club in Parker CO
Nov 10th 09
I was out with a buyer today looking at homes for sale in The Pradera Golf Club Community. I took a side road above the West side of the golf course and came upon this amazing view so I shot about 60 seconds of video. It was a clear day so I could see all the way down to Pikes Peak. Notice the golf course, clubhouse and wide open spaces Pradera offers.
Move up Home buyer Tax Credit Now in Effect-Parker News
Nov 9th 09
You may be eligible for the tax credit if you…
- have lived in your home for 5 of the last 8 years
- have an adjusted gross income of not more than $125,000 for single filers and not more than $225,000 married filing jointly you can receive the $6,500 tax break.
- you must be under contract before April 30th 2010 and close the deal by June 30, 2010.
- There is also an anti-flipping provision – Any homeowner who collects the credit and sells the property within three years must return the money.
Washington Report: Expansion of Tax Credit – Here’s something in the expanded program that hasn’t gotten much attention: The new $6,500 federal tax credit for so-called “move up” buyers took effect immediately upon enactment. That means that potentially hundreds of thousands of Americans who fit the key ownership and income criteria for the new credit are eligible for it … right now. What are those tests? 1) You have to have owned and used your current home as your principal residence for five consecutive years out the past eight; 2) Your adjusted household annual income cannot exceed $125,000 if you file taxes as a single, or $225,000 if you are married filing jointly. To qualify, you must sign a contract to purchase a replacement residence before next April 30, and go to closing on it by June 30, 2010. Although the $6,500 feature has been labeled the “move up” credit, there is nothing in the law forcing anybody to buy a bigger or costlier house. You can downsize or upsize and still get the credit.
Read the FULL article here…
My water pipe is frozen-What now?
Nov 8th 09
Frozen Colorado Winter
It’s getting cold out so you better be prepared! Frozen pipes are a real problem in Colorado and a little knowledge can save you a lot in repairs.
You came home and turned on the water and nothing comes out! You don’t see any water leaking from broken pipes and suspect a frozen pipe.
Related article: Frozen Pipes Bring Headaches and Lots of Water. Parker, Colorado
Tip #1: When water is running in only one part of the house it usually means a pipe in an outside wall or uninsulated area is frozen.
What to do:
- Locate the main water shutoff for the house and turn the water off.
- Open faucets on the line that is affected with the frozen pipe so water will flow once the pipe is thawed.
- Turn up your heat and open cabinets so the heat can reach the frozen lines under the sink.
- You can run hot water through near by pipes to help heat the frozen pipes.
- You can use a hair dryer to heat the pipe slowly until the water flows freely. Heat from the sink backwards to the frozen area slowly.
- Do not use a torch or hot iron as heating a pipe quickly can cause it to burst and then you are in BIG trouble.
Tip #2: When you leave town in winter turn off the water supply to the clothes washer. Leave your heat set at 60 degrees and open cabinets and doors so heat reaches pipes. In extreme cases you can shut the main water valve off under the house or leave a small trickle of water run through the line but that is expensive and wasteful.
Things to do in Parker Colorado For November 2009
Nov 8th 09
Parker Fun things to do.
Ok Here’s the scoop on fun things to do in Parker Colorado for November 2009.
November 7, 2009 – King Arthur’s Quest – Adventures of King Arthur from the Missoula Children’s Theatre at the Mainstreet Center from 2:00 to 6PM.
November 12th: Princess Tea Party – Parker Rec Center- 1:00 to 2:30 – Cost $11 – Dress your princess for a full morning of socializing with other area princesses. EMail [email protected] for reservations.
November 14th: Ye Olde Yuletide Bazaar – 9AM to 4PM at The Parker Fieldhouse – Cost FREE – Holiday arts and crafts show sponsored by Mountain Pine Women’s Club of Parker. Call 303-766-2418 to get more info.
November 21st: Parker Task Force Food Drive – Non profit run by volunteers. Where-Local King Scoopers, Wal-Mart and Safeway stores. From 8AM to 4PM.
November 27th: Parker Mayor’s Christmas Tree Lighting! 5PM to 6PM at O’Brien Park. Enjoy snacks, performances and carriage rides followed by the tree lighting. FREE. THis will be fun so plan on it!
Smoking Deal Home For Sale – Pradera in Parker, CO
Nov 8th 09
Pradera Golf Club - Parker
Ok this house rocks! How do I know? I almost bought it myself. My wife and I both love it. This home for sale is in The Pradera Golf Club neighborhood in Parker, Colorado. Let me tell you that this house actually has a backyard. Over 27,000 square feet of land located at the very top of a huge cul-de-sac and it all backs to (so I’ve been told) dedicated open space that cannot be built on which is adjacent to the Pradera Community Center and Pool!
Brand New Home
5881 Lasso Place, Parker, CO 80134
- Listing Price $ 529,553
- 5 Bedrooms
- 5 Bathrooms
- Main and second story square feet 3922
- Over 6000 total square feet.
- Totally decked out with loads of upgrades from a gourmet kitchen to a covered back patio.
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- Pradera Golf Club – Parker
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- Kitchen – Padera Home for Sale
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- Open Two Story Family Room
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- Two Story Grand Foyer
Video-Sweet Investment Property in Elizabeth Colorado
Nov 6th 09
One of my clients picked up a nice investment property in Elizabeth Colorado today. This was an REO -Real Estate Owned- property right in the heart of Elizabeth. We did have to jump through some hoops to get the bank all the way to closing but it was worth it.
The house is located in a cul-de-sac, two story, 4 bedrooms and 2 baths with about 1500 square feet. Purchase price $150,000 at 4.5% interest on a 30 year fixed loan. Kuh-CHING!
2459 Xanadu – Condo For Sale in Aurora, Colorado
Nov 5th 09
2459 Xanadu Way for Sale $94,000
This is a smoking deal in Aurora, Colorado. This is a totally remodeled CONDO for sale in the Strawberry I complex in Heather Ridge. There is not a surface in this unit that is not brand new.
Features:
- 2459 South Xanadu Way, Aurora, CO 80014 Click for MAP
- MLS # 826824 Click link to see FULL property details and MLS Sheet.
- Price $94,000 but will entertain all reasonable offers!
- Video of the Property!
- Bedrooms 2
- Bathrooms 2 FULL
- Square Feet 1091
- All new appliances including washer and dryer.
- New Fireplace
- New Tile
- New Cabinets
- New bathrooms with all new fixtures.
- Pool community.
- Total remodel! Come get it.
- The unit was rented for $975 per month for the past 12 months by the owner.
- For a showing Call Steven Beam @ 303-941-4663 or EMAIL STEVE
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- 2459 Xanadu Way for Sale $94,000
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- Loft
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- New Fireplace
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- Condo For Sale
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- New Appliances
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- kitchen
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- Entry way Foyer
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- New Trex Deck
Real Estate News and Articles for Denver Colorado
Nov 5th 09
When I run across news articles that have an impact on our Denver Metro Housing Market I like to post them up for all to read. Enjoy.
Economist: 6 months until Denver recovers - Recent corporate announcements and an improvement in our region’s business climate bode well for future job growth, according to The Metro Denver Economic Development Corporation (Metro Denver EDC). In its Monthly Economic Summary for November 2009, the EDC highlighted the fact that Conoco-Phillips, SunRun, a San Francisco-based solar energy company, and German-based SMA Solar Technology AG will all start Colorado operations in the next few years. “This is a very big deal for Colorado we’re excited that not only are we being recognized across the country for our renewable energy capabilities, but now, also across the globe,” Metro Denver EDC Chief Economist Patty Silverstein said. “On the residential side those home prices are certainly a bit more stable. Commercial markets we’re still watching very carefully. We’re still determining that there’s going to be a little bit of pain in those markets,” she said.
Denver Economy-6 Months to Recover?
Senate expands homebuyer tax credit, extends jobless benefits - Yesterday, the Senate voted 98-0 to extend and expand the tax credit to include buyers who already own homes. The House is expected to vote on the bill today. Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
Home Buyer Tax Credit
Additional articles that you may find of interest:
Denver-area apartment vacancy rates fall
Apartment Vacancy Down
Emerging Trends: “The Bottom is Near!” Predict CRE Forecasters
Emerging Trends in Real Estate
Video-SUPER HOT INVESTMENT Condo For Sale in Aurora Colorado
Nov 4th 09
This is 2 Bedrooms, 2 bathrooms and 1091 square feet of TOTALLY remodeled space. This condo is located at 2459 S. Xanadu Way in Aurora, CO 80014. This unit will rent for $925 per month no problem!
PRICE $ 94,000.
MLS # 826824
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