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Don’t Get Left Holding The Bag

Jan 19th 12

filed under: Real Estate Answers

: Interest Rates

If you still have not refinanced your home loan into a new lower interest rate you might get left holding the bag. Rates are still hovering around the 4% and even under the 4% level. What are you waiting for.

“Today I’ve seen rates as low as 3.35% for a 30 year fixed mortgage.”

With the European debt crisis and Asian countries purposefully slowing down their economies I would think that it should be enough to warrant a refinance.

Refinancing your home at these super low rates will give you and your family peace of mind and security for the long haul. Many people refinancing right now are shaving hundreds of dollars off their monthly payment. Cash flow is the key. Cutting a few hundred dollars from your monthly bills will free up more cash for investments and maybe even that investment property you have always wanted to add to your portfolio.

If you need the name of a good lender give me a call and I will give you a referral. Steven Beam 303-941-4663
Email Steven Beam Parker, Colorado Realtor

Tags: mortgage, Parker, refinance

posted by Steven Beam // Please leave a comment.

Professional Video Marketing Homes For Sale in Parker Colorado

Sep 15th 11

filed under: Stonegate

Here is a brand new listing in the Stonegate neighborhood in Parker, Colorado. We shot this video with a professional video crew and spokes model. It really pays off in the short run.

This home was undercontract in 4 days from the listing date. 10668 Stone Creek Ct, Parker CO 80134

Steven Beam is a top local Realtor in Parker Colorado and really knows how to showcase your home to the maximum audience and gain the most exposure for your property.

Video is the most effective way to market your property on the web. Period.

I’ve been doing video for years and was certainly the first in the Denver Metro area to use it on a regular basis so I have a very good knowledge of what works and what doesn’t. Call me if you would like your home marketed professionally and properly.

In this market it takes a heck of a lot more than a sign in the yard and putting it in the MLS to get a home sold. Call me for details. Steve Beam 303-941-4663. Or Email Steven Beam

Tags: agent, broker, commercial, home, listing, marketing, Parker, professional, seller, video

posted by Steven Beam // 1 Comment »

Fun things to do, hike Peak 8 in Breckenridge Colorado

Sep 6th 11

filed under: Fun Things to Do

Looking for fun things to do in Colorado with kids or just for yourself? Get off the couch and take a hike up Peak 8 in Breckenridge Colorado.

Over Labor Day weekend we took a little walk up Peak 8 to the 13,000 foot summit. It was a pretty easy hike as hikes go in in Colorado but it was fun and worth the effort. The views were amazing and we were very lucky there was no cloud cover and the skies were clear. It may not show on the video below but we could see forever.

So here’s how we did it. My family and a few friends were staying at One Ski Hill Place in Breck. I highly recommend this as your base camp in Breck. We took the scenic lift up to about mid-mountain and took off up the ridge line to the warming hut or ski patrol house that you can easily see from down in town. The climb from the lift to the house was quite steep and the road/trail up there is mostly loose gravel and dirt so traction can be an issue. I found it to be more difficult coming down than going up.

Once you reach the mountain house there is a small trail leading up to the top of the Imperial chair lift. This is the last little stop until you reach the summit at ~ 13,000 feet. The trail from the top of the chair lift to the summit is rocky, loose and a little steep in spots. This was the most difficult section to descend once you have reached the summit. You want to be careful not to twist and ankle.

Overall I would rate it very accessible and a great afternoon hike that will give you great views of the surrounding mountains.

Tags: breckenridge, Colorado, Fun Things to Do, hiking, kids, Parker, peak 8

posted by Steven Beam // Please leave a comment.

Parker’s Newlin Meadows Neighborhood

Apr 13th 11

filed under: Homes for Sale, Newlin Meadows, Real Estate Answers

Newlin Meadows Neighborhood Sign

Looking to buy a home in Parker, Colorado? You better check out the Parker neighborhood of Newlin Meadows.

Newlin Meadows is located adjacent to the new Rueter-Hess Reservoir here in Parker. If you think that isn’t important you should reconsider.

When Rueter Hess is complete is will have miles of trails for walking and biking, plenty of picnic tables, fishing and other fun Douglas County Open Space activities.

Take a look at the neighborhoods in the DTC and Greenwood Village that back up to the Cherry Creek Reservoir. The neighborhoods next to Cherry Creek Reservoir in the DTC have certainly benefited from having all those recreation opportunities out their back door. I’ve had many clients over the past 12 years ask me to show them homes in the DTC and only homes with easy access to the reservoir. There is a definite premium for properties located close to the reservoir in the DTC and I believe eventually that same will happen here in Parker and homes near the Rueter-Hess reservoir.

Home in Mewlin Meadows

Newlin Meadows is located in a prime location for more than just the reservoir. Eventually Hess Road will connect up with I-25 and Mainstreet already connects. Newlin Meadows in directly in between both roads which will give homeowners in that neighborhood easy access to I-25 from two routes.

Home prices right now in Newlin Meadows are from the low t mid $300’s to well over $400,000. There has been one sale in the past 2 years over $500,000. It listed and sold in 1 day for $540,000.

What more can I say. I believe that Newlin Meadows, Horse Creek, Auburn Hills and Antelope Heights will all be ideal for home buyers in Parker.

Steven Beam is a Realtor, CRS living and working in Parker Colorado.

Tags: homes, info, Newlin Meadows, Parker

posted by Steven Beam // Please leave a comment.

PACE – Parker gets a new Arts, Events & Culture Center.

Apr 7th 11

filed under: Fun Things to Do, Real Estate Stats

PACE Parker Arts Culture & Events

PACE

Parker Arts, Culture & Events

This is a scan of the post card the Town of Parker handed me at the recent “State of the Town” meeting I attended.

To be honest learning about this new (soon to be finished) cultural center in the center of town was actually the most exciting part of the event. There were a few bad jokes and a lot less real information given that I had hoped for. Mostly a smooze event and “look at me I’m your representative” junk. I do like the Mayor. Enough about the meeting.

This new building which I will say is quite impressive for Parker is really going to bring our Town to life. From the artist renderings and models I saw I cannot wait to attend an event here.

This is what I was told.

Located in the heart of Parker’s historic downtown.
Will host a varsity of regional and national arts performances.
Available for rental for community, social and business events.
300 seat theater with an orchestra pit and dressing rooms
250 seat outdoor amphitheater
Event room for banquets and community events. Social wing-dings! Yahoo.
Multipurpose classrooms, media and visual arts rooms and dance studio
Catering and teaching kitchen
Plaza with a kids playground
Art gallery

To me this sounds really cool. We have needed this for years. If you have ever been to an event at the old Mainstreet Center you understand why.

Good job Parker planners and Mayor for helping get this built for the Town of Parker.

Tags: arts, center, Colorado, culture, events, PACE, Parker

posted by Steven Beam // 1 Comment »

Hot Real Estate Investment Deals In Parker Colorado

Apr 7th 11

filed under: Homes for Sale

Hot Deals in Parker CO Real Estate

Do you want the “Hot Sheet” with this weeks really awesome investment properties for Parker Colorado? Click Here.

We are currently working on a new program that we will have available soon for real estate investors. We all know that the real estate investor is going to be the saving grace of this massive real estate downturn. Investors are going to buy the properties that regular home buyers will not.

Check back over the next few weeks and feel free to attend one of our workshops. It’s FREE and it will be full of informative information about investment opportunities, techniques and several different ways to make money in this market.

PLEASE Send Steve Email or call me 303-941-4663 if you are remotely interested in attending this event. We are hoping to have something scheduled for the next few weeks but would like to gauge attendance so we secure a large enough place.

Current topic ideas.

Fix and Flips
Rentals
Fix and Flips or Rent.
Typical fix ups and typical costs associated with fix ups.
Who does the fix up? We will have a highly seasoned fix and flip contractor on site with before and after photos that will show you real numbers for real jobs.
203k Streamline Loans
Buying in your IRA. Self directed IRA’s are great for buying real estate. How much are you making in you old IRA right now? What if you could draw income from rental properties for life. I have guys making $60,000 a year off rents.
Any suggestions?

“I’ve had several of my Doctor clients tell me they are sick of losing cash in the stock market. Give me an investment I can make a steady return on and I will take it all day long. “

There is a massive shadow inventory of homes yet to hit the market that the banks are either sitting on or simply have not foreclosed on yet. So will you be a buyer/investor and take part in the easy pickings and make great investments for your financial future or will you be the guy or gal at the party in 10 years saying “boy I could have bought those cheap homes but I didn’t.”

Prices are depressed 8-20+% in some areas so with the foreclosures and short sales hot real estate investment deals are relatively easy to come by.

Vacancy rates across the Denver Metro area are at all time lows. Record lows! Rent prices are up! Interest rates are Low! Homes Prices are low! This is exactly what our parents and every talking head on the NEWS and financial shows all preach is the absolute best time to buy? Your darn right it is. Buy low sell high.

Homes and condos are renting at amazing rates. Homes that were renting for $1,500 to $1,600 a month are now renting easily for $2,000 a month. Condos that were renting for $750 are now renting at $1,000 a month.

Remember all the people losing their homes to foreclosure and short sale still need a place to live. The fact is many of them dread the idea of going back into an apartment. Many of them simply cannot since they now have 2-3 kids. They all need homes.

The unfortunate ones that have lost their homes to short sale or foreclosure are no longer able to buy a home since their credit has been trashed. Most cannot buy a home for at least 3 years. Many cannot buy homes for 5 years.

I have access to amazing contractors for trashed out homes. Access to lenders that know how to complete the loans that can get your up to $35,000 for fix up costs. Lets face it 90% of the so called trashed homes on the market really only need a little cosmetic work to get them back into shape. I rarely see investors spend more than $10,000 to fix up a home to get it ready to rent.

Fix and flips are another possibility. As mentioned above. You can get up to $35,000 to help with fix up costs. Some investors would rather use their own cash and have complete control which is also fine. It’s not difficult to turn a $15,000 profit from a fix and flip property in this market. Many investors are doing much better than that.

I encourage you to call me or send me an email if you are interested. We are going to put this together but we seriously need to se what the community interest level is for this type of presentation.

If you are not interested but know someone that might then email them the link to this article.

Steven Beam is a Realtor, CRS living and working in Parker Colorado.

Tags: Colorado, hot deals, investment property, Parker, real estate, reo, seminar, short sales

posted by Steven Beam // 1 Comment »

Pradera Golf Club 4 Years of Home Sale Trends

Jan 27th 11

filed under: Pradera, Real Estate Answers, Real Estate Stats, The Timbers

Pradera Golf Club Custom Home

Notice the reflection of the clouds in this custom home perched high on the hill in Pradera Golf Club.

Average Sale Price Down 12.83% in Pradera from it’s high in 2008. See data below.

After writing an article detailing home sale trends over the past 4 years in Stonegate, another Parker, Colorado community, I was asked to produce the same stats for Pradera Golf Club.

Over the past 12 months I have witnessed a new found demand for high end luxury homes in Douglas County including the custom home communities of Pradera and The Timbers. We all noticed the demand slow down for about a 12 month period in late 2008 and early 2009 simply because banks would not lend money to high-end luxury home buyers.

Well the lenders are back and so is the pent up demand from custom home buyers. Currently a majority of the home sellers and buyers I’m working with are in what I consider to be the high-end market. Steve’s definition of high-end = anyone buying or selling above $750,000.

What do you get when you list your home for sale with Steven Beam? See it here.

Here are the numbers for Home Sales in Pradera that have a sold closing price ABOVE $750,000 since 2007.

Total Sales by Year: (2008 was hot then the breaks were applied by the banks.)

2007 = 12

2008 = 19

2009 = 11

2010 = 9

Average Total Days on Market: (Like I said 2008 was HOT for custom home buyers)

2007 = 225

2008 =125

2009 = 216

2010 =207

Average NET Sold Price: (12.83% decrease in Value from high to low year.)

2007 = $1,085,417

2008 = $1,104,927

2009 = $975,631

2010 = $963,200

Remember I am only showing stats from homes that sold and closed at or above the $750,000 price point in Pradera Golf Club.

Total Volume of NET Sales By Year in Pradera Golf Club:

2007 = $13,025,000

2008 = $20,993,608

2009 = $10,731,943

2010 = $8,668,800

Average NET $ or Price per sqft Sold: (This is the sqft on the main level and upper level. It does not include the basement.)

2007 = $286

2008 = $314

2009 = $253

2010 = $276

Average Price per sqft Finished. (All finished sqft included.)

2007 = $224

2008 = $207

2009 = $172

2010 = $162

Parker Colorado has Four Blackeyes

Home for Sale in Stonegate

Be a Voyeur in Your Neighborhood

Tags: Colorado, custom, golf community, homes, market report, Parker, pradera golf club, sold

posted by Steven Beam // 4 Comments »

Douglas County Working Parents and Top Pre Schools Options Limited

Jan 21st 11

filed under: Castle Rock Homes, Highlands Ranch Homes, Real Estate Answers, Real Estate Stats, Stonegate

School Kids

Parker Parent Looking for the TOTAL Package in a School!

Please comment below if you have an opinion on this subject and I am certainly open for advice and other good options if you have a system that is working for your family. Please let me know. I would love to pass on the information. I don’t think there is a right or wrong answer to this problem it would be whatever works best for you and your family.

If you are a working family that does not have a Mom or Dad that stays home you may be in for a rude awakening when you go to enroll you kids into top pre school and kindergarten programs in Douglas County Colorado. I’m not only talking about Douglas County Schools but also privately owned schools and faith based schools.

Fact: Did you know Douglas County Schools is now the 3rd largest school system in the State of Colorado?

Opinion: I would also argue that it is also probably one of the wealthiest as well. Douglas County has a large tax base of high income earners.

What I have found personally and through many conversations with other parents is that we are blessed to have many great choices for schools and pre-schools.

The Problem:

Many of the great pre-school and kindergarten programs that we have found are very limited in offering only very short programs and many don’t offer 5 day a week classes.

We recently found a top local school that offers 2 or 3 day a week pre-school programs from 8:30 to 11:45 or 12:45 to 3:30. So if you work how could you possibly manage that? No 5 day a week program. No possible way to only send your kid or kids to school for only 3 hours a day 2-3 days a week. It’s a system that caters to the stay at home Mom or Dad. It’s unfair. To their credit they told us that if there was enough interest they “might” consider offering full day. Well I know a lot of parents that are interested.

We also have great schools that offer 5 day programs but close at 3:00 sharp. So drop off is 8-8:45 and pick up is 3:00. School is from basically 9:00 to 1:00 or 2:00 depending on the age of the student so you pay extra for after care from 1:00 or 2:00 until they close at 3:00.

My question is how many companies let you off at 2:30 so you can go pick up your kids and take them home for the day?

Options:

There are day cares that will come pick up your kids and bus them to their site for an afternoon session. I know a lot of people that do that and it seems to work for them but many express sadness in having to have their kids carted around during the day.

I also know that here in Parker there is a place specifically setup for after school care, drop off and recreation activities. I don’t know a lot about it but when we priced it out it was very expensive. Add that to already expensive pre-school and kindergarten.

We have now hired a Nanny to pick up our kids, bring them home and take care of them from 3:00 to 5:00. It works! I can feel comfortable knowing that they are home safe and sound. Some people cannot do this and I know we are lucky to be able to have this option. So, what do people do that are not as fortunate? They are stuck sending their kids to schools that may not be as good or may not be the type of school they want for their kids.

I do know that many of the neighborhood PUBLIC schools offer after school “Enrichment” programs at the kindergarten level. It seems to me that there is about a 50/50 split with parents on this option. Some feel their kids get super bored in these programs since class time ends around lunch and the kids sit around a play most of the afternoon. I hear some even have video games in the classes for the kids to play during the “a. I’m not sure I want my kids playing video games at school to keep them entertained until I pick them up.

Expense:

Two years ago we were paying $26,000 a year for two kids to go to school. Ages 4 & 2. My neighbor has a child at CSU and he was shocked at what we were paying but I told him I was happy to pay it if it provided what our family needed and at the time it was a SUPER fit for our kids. There are many families in Parker and Douglas County that feel the same way. I hear the discussions at sports practices, gymnastics etc…

Solution:

The best possible solution would be to have top ranked schools offer full day & week programs so all of us could participate. If you offer a great service people will use it. I for one would be happy to pay for such a service and I know a lot of people that feel the same way.

The one group that I have not mentioned:

The single parent! GOD I do not know how you guys do it. I praise you 1000 times because I could not imagine raising children all on my own. Neither could my wife. It’s beyond my comprehension how you work, pay the bills, and shuttle kids around with only YOU. I admire you for what you are doing.

Good Schools that you may want to consider.

Cozy Pine Montessori

Parker Landing

Parker Montessori

Core Knowledge

North Star

What do you think? Leave a comment below. Like I said I’m looking for options not just for my family but for our friends and neighbors too. If you don’t want to leave a comment call me 303-941-4663 Steven Beam

My next article will be about waiting lists at these schools and why do we have to have waiting lists? Why can’t all the schools be this good?

Be a Voyeur in Your Neighborhood

Tags: child care, Colorado, day care, douglas county, kindergarten, Parker, pre-school, school

posted by Steven Beam // Please leave a comment.