News

In the bustling real estate market of Denver, short-term rentals have firmly established themselves as a lucrative income stream. As I do not manage clients short-term rentals, but do wholeheartedly advocate for clients to consider building a diversified real estate portfolio. This strategy might involve carving out a section of your homes to operate a short-term rental in times while you are not utilizing your home. Denver homeowners have witnessed a transformative shift in their financial landscape with short-term rentals. According to AirDNA Marketminder data, there are over 5,000 activ...

Did your attempt to protest your taxes result in a denial? As both a property owner and a real estate agent I am faced in a similar situation when contesting my recent assessment in June, only to have it rejected. But I'm not stopping there – I'm taking it a step further, and I encourage you to do the same. Dive into my article to discover how you can navigate this process and arm yourself with the knowledge to reclaim money from your property taxes and put it back where it rightfully belongs – in your pocket For anyone who sent back the protest of property tax valuation back in...

Since November 2022, the 30-year fixed mortgage rate has remained consistently between 6 and 7 percent. However, recent developments in the economy and housing market warrant attention. This article provides quick tips for both home buyers and sellers in light of the current situation. For Home Buyers: Historically Low Inventory: Excluding pandemic-affected years, April 2023 saw the lowest inventory levels since 2008. This scarcity of available homes presents a challenge for buyers but we are starting to see more inventory pop in the Denver market. Popular neighborhoods and well-priced...

Congratulations to my hero and father Jim Wanzeck on his successful sale of the RE/MAX Masters office and passing the torch to a well-established group at RE/MAX Professionals! It's a great achievement and a testament to his hard work, dedication, and entrepreneurial spirit. As Jim's son, I feel incredibly lucky to have had the opportunity to work alongside him and witness firsthand his unwavering commitment to his clients and agents. It's clear that his leadership style has always put the needs of his team and clients first, and his ability to get things done is a true inspirat...

Colorado homeowners are facing a significant property tax hike, with some seeing increases of 20-40% higher than the previous 2 years. My wife and I recently received a notice of valuation letter for our properties, on average we noticed an a jump of $180,000 in value and were shocked to see the value bumped that high in only 2 years. That is an additional $1,215 per year increase to the property tax bill per property. The valuation is higher than the current market if we were to list the property for sale today. This new tax hike means that homeowners will have to pay 6.75% of the actual val...

As a real estate agent, one of the most exciting perks of our job is helping young families start their lives together finding first home. It's a moment filled with anticipation, excitement, and sometimes a little bit of stress. But what happens when buying your first home coincides with the birth of your first child? That's exactly what we experienced of the excitement of young first time home buyers singing closing docs in the hospital and having their baby on the same day. As we were finalizing the last of my six transactions with my long-time client Teresa, who was selling her ...

The Denver real estate market has undergone a significant shift in recent weeks. The spring market is earlier than expected, and we've seen a noticeable uptick in multiple offers and homes going above list price. At REMAX Masters, my team and I have been working in the trenches of the Denver market and have seen this shift firsthand. Whether you're a buyer or a seller, the first thing you need to consider is your finances. With the market moving quickly, it's important to have your finances in check so that you can act fast and make strong offers. But don't worry – if you ...

Meet Teresa – a prime example of how you can make an investment and make your money work for you. Teresa is a Filipino immigrant who has accomplished all of this on a government salary. She has been working with me for over a decade now, and we've had six successful real estate transactions together. I have personally saved Teresa thousands of dollars in renovation costs utilizing my tradesmen and paid for her moving expenses multiple times. She has doubled her investment three times over and now owns her current home in cash with no loan. We have created the financial independence to b...

Are you thinking about investing in a home but unsure of the current housing market conditions? It's been a full year since the Federal Reserve implemented its most recent series of rate increases to curb inflationary pressures. Unfortunately, If forecasted employment growth, consumer spending, and inflation remain high, the Federal Reserve may raise its key interest rate even higher than expected. Very important to note that The Federal Reserve reports the net worth of a homeowner is over 40 times greater than that of a renter. It's common for buyers to be hesitant and play mind games abo...

As we look into February posted stats it is a reminder that the spring season will be here before you know it, it's worth taking a closer look at the current state of the housing market in Denver. Despite a rising average mortgage rate of 6.65%, homeowners who bought their homes earlier are sitting pretty, having locked in rates below 4%. This is one reason why we're seeing historically low inventory numbers, as homeowners are less inclined to sell and move on. Spring market is still looking to be a busy one, with an uptick in inquiries and sellers looking at estimated values However, for h...

If you own or are considering buying real estate in South West FL region, it's important to stay informed about insurance rates. Rates can have a significant impact on property values, monthly expenses, and overall financial stability. As a real estate team, we've noticed a large roadblock in real estate transactions being halted by the unknown cost of added insurance rates. Therefore, it's very important to have a good understanding of the added premiums that you may incur, especially if you are near the water. In this article, we'll discuss the importance of knowing new insurance rates and h...

This weekend, I had the opportunity to walk through one of the completed 1 bed 1 bath ADU units in the Westwood neighborhood, showcased by West Denver Renaissance Collaborative (WDRC). Part of pilot program aimed at providing more housing to the West Denver neighborhoods. As a home owner about to GC my own ADU on my personal Wheat Ridge home, I have been keeping a close eye on ADUs and was interested to attend the open house, view their product, and chat with members of the WDRC team. Easing up on Zoning Restrictions ADUs are currently making headlines as Denver and surrounding municipalit...