Troy Hansford for Denver Real Estate | 303-617-0607 | HansfordTeam@TroyHansford.com
          

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Don’t Miss Our Adult Halloween Bash!

If you’re looking for something to do for Halloween, we’re throwing a big Adult Halloween bash on October 29th as our way of saying thank you to all the people that make our team what it is today. The party will begin at 7:30 p.m. at 2 Penguins Bar and Grill, located at 13065 E. Briarwood Ave., Centennial, Colorado.

Please join us for some ghoulish gambling games, terrifying tarot telling, and frightening food. Adult beverages will be at a premium, as will hors d’oeuvres. We will also be holding a costume contest for those of you especially possessed by the Halloween spirit.

RSVP here and let us know if you’d like to join us. Whether you’re a client, colleague, or friend of our team, we’d be pleased as spiked punch to see you there.

Self-Directed IRAs Allow You to Invest in Real Estate

I’ve been getting a lot of phone calls in the last few days from all over Denver about the crazy stock market, since I had put out a video before about investing retirement money in real estate. I wanted to revisit that issue with the market getting crazy again.

We brought in our resident expert Josh about investing in real estate without the tax implications of pulling your money out of a 401k or an IRA. Let’s talk about the self-directed retirement account for real estate. It’s not a type of distribution wherein taxes are paid, it’s just a different type of account where you can purchase real estate within the retirement account.

With traditional accounts, you can purchase stocks and bonds and other publicly traded investments; with the self-directed account, you can purchase different assets like real estate, and it’s still within your retirement account. Somebody might choose to do this to avoid market volatility on Wall Street, or simple diversification. It can generate some potential cash flow and long-term appreciation.

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There are however some restrictions and limitations from the IRS. For example, the real estate has to be investment-oriented in nature, so you can’t buy a property and use it, or have it used by immediate family members. You can’t buy property to or from your account. The IRS has these rules to avoid conflict of interest and self-dealing.

This is a retirement investment option that we’ve been really excited about. If you’re interested in learning more, we’d love to sit down and figure out your best course of action with you. Don’t hesitate to call or email us!

Where Can You Add a Lot of Resale Value?

We get a lot of calls from sellers about how to increase their home’s value, so we wanted to show you one project that will really help if you’ve been looking to upgrade your home. Some of the best places to remodel for value are kitchens and master bathrooms, today we will be showing you how add value to your home by renovating the master bathroom.
 
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When we started with this bathroom, there was a lot of room for improvement. The countertops and cabinets were outdated, it had a carpeted floor, and there was builder brass all around the shower.

We gave this bathroom a facelift and as you can see in the video above, it made a huge difference. We replaced the mirrors, as well as the cabinets and countertops. We removed the carpet and put tile on the floor. We took out the large deck where the tub was and inserted a freestanding tub in the same place. With the extra space we saved by installing that new bathtub, we were also able to make the shower bigger. We replaced the old builder brass shower with a chic frameless glass shower, and we were very happy with the end result.

If you have any questions for us about how you can add more value to your home before you sell, don’t hesitate to give us a call or send us an email. We appreciate you and your referrals, and look forward to hearing from you soon!

How to Buy and Sell at the Same Time in Denver

We’ve been getting a lot of questions lately about buying and selling at the same time in Denver. Today we are going to talk about how you can find a replacement home quickly after yours has sold.

In a market where inventory is so low, it’s easy to get your home sold for top dollar. What’s not easy is finding a home to buy after you’ve sold your home. There just aren’t that many homes out there for sale, and not many sellers will be open to buying your home contingent on you finding a new one. It’s just not realistic in our market right now.

What we have been doing that has been pretty successful for buyers is selling their homes with a lease-back option. This allows the sale to go through, but it will buy you some extra time in the home while you work to find a new one. This is a great option, and you won’t have to make an offer with a contingency to get it done.

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If you’re thinking about selling your home and moving into something else, or you want to sell an investment property, there hasn’t been a better time in the last 22 years that we’ve been in business. Now is the time to get that home on the market.

If you have any questions for us, give us a call or send us an email. We look forward to hearing from you!

What Does the Denver Market Look Like Today?

I’ve been getting a ton of questions over the past week. Many of you are asking how the Denver market is. In today’s video, Sue and I will update you on local market trends.

We had a busy, eventful weekend with our listings. We added two houses on the market. In fact, both went under contract for asking price, if not above. Business has been moving quickly, so if you’ve been thinking about buying or selling a home, now is the time to act! Get your house ready to go as soon as you can help.

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We can help you out with timing and preparing your property for the market. Give us a call or send us an email with your availability. We’d love to sit down and talk about your real estate needs in the surrounding area! As always, thanks for the referrals you send us and we look forward to hearing from you.

Is Denver the Hottest Real Estate Market in 2016?

Since 2011, our market has been steadily trending upward, both in the amount of sales and the price of homes. Sales peaked in 2013, but sale prices continued to rise. Much of this is due to a simple lack of inventory. This is excellent news for homeowners in Denver!

So what does this mean for 2016? We’re still seeing a lot of people move into the state and low interest rates will push a lot more buyers onto the market, so you can probably expect rising sale prices to continue.

Troy.Hansford.PullQuote.2.8We’re going to see a crazy spring market this year, so please contact me soon if you want to buy or sell a home in Denver. Now is the time to prepare for a top dollar sale!

Season’s Greetings from the Hansford Team

We realize that we’re very lucky to work on a successful real estate team and go home to loving families every single day. Not everyone is afforded this luxury, and so we want to say thank you for all of your support, business, and referrals this year. We’ve had a wonderful 20 years buying and selling homes for families in Denver, and we want to continue this for many years to come.

On top of this, we just wanted to wish a safe and happy holiday season to you and your family. No matter how you celebrate this time of year, we want you to know that the Troy Hansford Team wishes you well in 2016 and beyond!

Thank you so much, and Happy Holidays!

What’s Really Happening with Interest Rates in Denver?

Today I have a mortgage professional to help get down to the bottom of what’s happening with interest rates. People seem to be worried that they’re about to jump up, but I want to get the whole story.
So, how does the federal interest rate correlate with home mortgage rates? Well, the economy is performing a lot better than it was in 2009 when the Fed lowered the rates, so that means that we’ll probably see rates climb soon. However, you’re not going to wake up one day to find that rates have jumped by a percentage point overnight.
I think it’s reasonable to expect that by next year rates could be at least one percentage point higher. An increase of 1% by the end of 2015 would really shock the market, so I don’t think it’s ultra likely that that occurs.
Please don’t hesitate to contact me with questions you may have about this topic or about Denver real estate in general.

 

On a 30-year fixed rate with 20% down you can expect to pay just below 4% in interest. For a VA or FHA loan you would find yourself in the 3% to 3.5% range.

 


Overall, interest rates are really low right now and they’re not going to get any lower. If you’ve been thinking about buying a home, then now may be the time to do so. You have the opportunity to save hundreds of thousands of dollars in interest payments over the lifetime of your loan.

Fall Is Here – Is Your Home Ready for Cold Weather?

Fall is in the air! This is a great season for you take care of a few things around the house before winter weather hits.

First of all, get your furnace cleaned and serviced. It can get really dirty in the summer with the air conditioner running all the time, so have someone come out and make sure the furnace runs more efficiently.

One simple thing a lot of people forget to do is disconnect your garden hose. During a real cold snap, the pipe inside the house could freeze, and when it thaws, you’re in trouble. Avoid major damage and get it taken care of now.

Another thing that’s important this time of year is trimming tree branches so they don’t come in contact with your house or any power lines. Also, clean leaves out of the gutters to avoid ice damming, which could lead to some nasty roof leaks. If you don’t want to get up on a ladder, just give us a call and we’ll refer you to a great gutter cleaning service.


We get calls every year because of water leaks in houses. Drain your sprinkler system vacuum breaker completely. Come out and open up the drain at the bottom, and inside the house there’s a pipe to drain as well.

Now, as you change the clocks to fall back, take a minute to change your smoke detector batteries. Plus, if your smoke detector has turned yellow, it could be time for an update.

Hopefully, you all have carbon monoxide detectors in your home. If you don’t, now is a good time of year to install them before you start running the furnace. Put a carbon monoxide detector on each floor, and put them in the hallways so they will wake up anyone in the bedrooms.

Finally, make sure you’re prepared for snow. Have some good shovels, and get batteries for flashlights in case the power goes out.

If you have any questions about today’s video, please give me a call or send me an email. We look forward to hearing from you!

What Sets Our Team Apart in Denver Real Estate?


We’ve been in the real estate business here in Denver for over 20 years. We’ve been through the ups and downs, and know how to navigate the market regardless of current trends and conditions. 

We understand that buying or selling a home can be stressful, but feel it’s our job to make it as exciting and rewarding as possible. Building relationships with our clients is one of the most important parts of our job, as we feel it gives us the ability to take care of you to the best of our ability. 

There is a team of people dedicated to making sure each and every aspect of every transaction is completed. Our team is like a family, so we excel at communication within our team and can work together to seamlessly ensure the goals of our clients are fulfilled.

Don’t take it from us – here’s what a past client had to say:The challenges of selling my home I thought I would have just weren’t there with Troy and his team. They were knowledgeable, experienced, and down to earth. Their way of handling things was communication-based so there were no surprises.” –Andy Powell, Homeowner

Give us a call or shoot us an email today if you need real estate assistance of any time. We would love the chance to earn your business!