Caveat Emptor |
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"A maxim of Roman law, now part of British-tradition common law, that a buyer's omission to make funamental inquiries and inspection of property leaves the purchase of deficient property at the buyer's peril." This is the common definition of the Latin words Caveat Emptor, or "let the buyer beware". This rule has been assailed but it is too well established to be dismissed, therefore, buyers in a transaction to purchase lands or other real estate must take heed to see the the title he is buying is good. A person who buys a house without a third party inspection, who later seeks to reverse the sale because of some issue related to fitness for habitation may have no rememdy. This is caveat emptor and unfortunately this definition was not disclosed in a recent article in a daily newspaper, but the definition is readily available compliments of Google.
In the recent article, the author mentioned a couple that purchased a home without the expertise of a buyer broker. It made note that the couple "saved" $2,000 on the purchase because a commission was not paid to the selling agent. Most buyer broker fees/selling commissions are paid by the seller and not by the buyer, so a savings is not necessarily related to buying a property without the advantage of a buyer broker representing your interests. This was not mentioned in the article, nor what services a Realtor provides during agency with a buyer. In addition to selecting appropriate homes in the appropriate price range for buyers to tour, the broker also provides expertise in neighborhoods and communities as well as up to date zoning, environmental and landmark issues. Brokers receive on going training and education in all matters related to the contracts to buy and sell real estate, contracts that protect both buyers and sellers. In a normal contract, the buyer goes through the inspection process, survey process, lending process, appraisal process and the due diligence of documents relating to the real estate prior to reaching the closing table. Buying and selling real estate has been anything but normal the last few years. Horror stories abound, many involved misrepresentation or no representation by a professional real estate broker. You actually do get what you pay for in this area of the economy, usually $2,000 rarely covers the costs to remedy.
The internet is a marvelous tool for buyers to search on their own, saves time and eliminates the obvious during a home search. The internet cannot provide information or notice on the proposed Dollar Store strip mall that is going in across from the million dollar home for sale that looks like a "steal" because the seller will look at all offers. The internet will not help when the funds are not wired prior to the closing deadline. The internet cannot write an amendment to the contract nor negotiate the options. Protecting one of the major assets in a financial portfolio is more critical today than ever before, and the competence of a professional realtor is key.
For more information on the services that I provide as a Realtor with over 30 years in the Denver area real estate market, email me at judy@kentwood city.com.
posted: February 11, 2012
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Put A Brick On It! |
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Just as in Beyonce's Super Bowl hit song...
"If you lilked it then you should have put a ring on it".....calling all the single ladies, and the married ladies too, don't put a ring on it, put a brick on it! Forget the diamond fellas, this year buy her a brick home!
According to the Masonry Advisory Council, "Studies by the National Association of Home Builders and other building organization continually find that 60% of the nation's homebuyrs prefer brick homes." The red brick two story home conjures feelings of security, investment, family. The rich stature of a red brick home speaks to the old world heart strings and when it sits on a premier golf course such as the Castle Pines Golf Club, known for its famed history as host to the International the music becomes a symphony.
In addition to 60% of homebuyers preferring brick homes, studies have shown that brick is virtually low maintenance, red brick never needs painting or staining, brick will not burn and can save on insurance premiums, brick is energy efficient and will not rot nor seep water. Brick homes bult hundreds of years ago are still standing today and on the average a brick exterior enhances the resale of a home by 6%.
706 Golf Club Drive, just listed in Castle Pines Village, is the ultimate red brick home. It is a two story, four car garage estate quality home on the third fairway of the International.
Over 8,000 finished square feet with rich cherry wood finishes to the study, great room boasting over 20 foot ceilings with wood plantation shutters, a main floor master suite, theatre room, lofted recreation or nanny's quarters, and plenty of bedrooms for family and guests. Visit the tour on this website for an aerial tour and a tour of the entire home.
For more information on this home or others in the Castle Pines Village community, email me at:
judy@kentwoodcity.com
Judy Fahrenkrog
Kentwood City Properties
303-820-2489
posted: February 7, 2013
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Get Your MODERN ON! |
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One block from eclectic Old South Gaylord is a new modern in Washington Park and new to the market. 984 South Vine is just listed at $1.3 million, $231 price per square foot with approximately 5623 finished square feet. The stucco and stone two story is constructed with top of the line in marbles, slates, granites, stones, custom cabinetry, stainless, and more.
Entertain from two large great rooms and outdoor patios and decks. Three wet bars, one on each floor, add to the fab in this contemporary interior. The master suite is complete with a balcony deck, fireplace, and bath suite with floor to ceiling marble steam shower and jetted tub. The walk-out literally walks out to an outdoor patio with stairs to the front door...cocktails on the terrace? Which terrace?
A media room, exercise room, recreation room and guest room top the bottom off.
Just a block from Old South Gaylord, known for locally owned boutiques, restaurants, floral and gift shops, hair salons and studios from art to abs.
For a private showing of this Modern South Vine Masterpiece near Old South Gaylord email:
judy@kentwoodcity.com
posted: August 13, 2011
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Bye Bye Blackbird |
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Bronco bustin began a week ago in the Mile High City, not the Hitchcockian playoff variety but the dusty arena variety as National Western Stock Show commenced one week ago and will play through to next weekend.
This is Colorado and the Denver area's signature annual event, where downtown's 17th Street Financial district welcomes long-horn steer and the wranglers to match. The Brown Palace Hotel's lobby debuts the prize winning steer, less than one month ago 20 young debutantes were presented by white tied fathers. They can be seen this week in Lucchese boots and jeans.
Denver will host ranchers, equestrians, farmers, agri-scientists, entrepeneurs, investors, musicians, professional rodeo and the old fashioned cowboy type. The event that lasts over two weeks is not only a huge bonus for the Denver economy, but the results are long lasting. There have been many a downtown pied a terre sold to the rural gentry, the penthouse at 1551 Larimer Place as an example. LoDo, LoHi, the Highlands and Cherry Creek offer the perfect city get away with the proximity to all the major sporting events, world class theatre, opera, ballet and the symphony. Shopping and restaurants abound, all within walking distance of the downtown area or a short cab ride from areas such as Cherry Creek or Uptown.
Email me for more information on the listings offered city close and beyond. There are many reasons to love Denver and the state of Colorado...blue-bird skies, colorful sunrise and sunsets, the white capped Rocky Mountains and the broncos too.
email: judy@kentwoodcity.com
Denver's standing temperature on Friday, Jan 18 is 60 degrees.
posted: January 18, 2013
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48 Hours In Castle Pines Village |
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Hot Town Summer In the City...are you looking for a way to beat the heat? Take a short twenty minute drive from 5280 south towards Castle Pines Village where it is 6280, we are talking a whole new altitude for the attitude.
Castle Pines Village is the planned community south of Denver and north of Castle Rock built on approximately 2800 acres of a Ponderosa Pines forest with two signature Jack Nicklaus 18 hole golf courses. If you drive down on Friday, you can arrive in time to stop by Tony's Meat Market in the village shopping center, load a basket with gourmet delicacies and head up to Daniel's Park for an al fresco picnic while wishing upon one of the million stars that will light up the sky. If you see that shooting star, make a quick wish that you will find the perfect place to settle (as in a home in the village).
Saturday morning brings a delightful round of golf; in addition to the Country Club at Castle Pines and the Golf Club of Castle Pines, the Ridge at Castle Pines is a daily use course that ranks amongst the best in Colorado according to Avid Golfer and Golf Digest. During the famed International Golf tourney, many a pro player was sited at Bud's Bar in nearby Sedalia Colorado. Bud's Bar is a 50's styled biker bar complete with juke box and a menu of 4 items, hamburger, cheeseburger, dbl burger, dbl cheeseburger...do not ask for fries and be prepared to wait for a table behind golf foursomes, polo players, anglers and bikers...tour de Sedalia and Harleys.
If you plan a weekend around the Douglas Country Fair, be prepared for the parade down main street Castle Rock, a rodeo and country western concert and carnival. Don't forget to grab an old fashioned shake at the B & B Cafe, either right before the Shriner's miniature car show or after the Douglas County High marching band.
Wrap up your Saturday with a hike up around Decker's and drop a rod or head back to the village for a dip in one of the community outdoor swimming pools. A quick lounge chair nap in the park like setting and you are ready for dinner!
Castle Pines Village is home to two member clubs, with the ultimate in dining experiences and wide wine lists, but the surrounding Village shopping area, Castle Pines North, and Castle Rock offer unique dining experiences from country to European.
Sunday arrives with many opportunities for relaxing or shopping....as in homes! You can't leave without stepping a toe into one of the homes available for sale in Castle Pines Village. The architectural design review committee has worked with developers, builders and homeowners to assure that the beauty of the area would be preserved through its architecture. One such magnificent property is a quiet listing at 762 Valerrama Court, featured on this website.
For more information on this home or any of the other homes available for sale in Castle Pines Village, contact by email:
judy@kentwoodcity.com
posted: July 21, 2011
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Judy is back with Kentwood City! |
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With over 30 years experience in Denver, Judy is your connection to the Mile High City. Give her a call and learn about what this great city has to offer.
posted: January 20, 2011
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Inspired! |
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Frank Lloyd Wright was quoted as saying that architecture is the "mother of all arts". When you see any of the many buildings and homes designed by Wright, the architect, you can't help think that any structure "inspired" by Wright would be a work of art. Belcaro is the setting for a Wright inspired home that is flawless in design and construction and ready for art.
If Wright is considered the visionary for sustainabile architecture, this home is the offspring of that vision. Built with site sensitivity, the two story home was built around each of the several massive, towering pine trees. Constructed of natural stones and woods, the walls of windows and clear story windows capture the brilliance of Colorado's abundant sunshine. The linear nature of the home, with deep overhangs, harken back to many of the Wright homes that sit perched on lovely wooded lots. He was an enthusiast for local, organic materials and this nearly 7,000 square foot home does not disappoint. The home's interior design connects to living with art, floor to ceiling wall space and exceptional lighting for flat work as well as sculpture.
This architectural work of art will launch to market mid-May and is co-listed with Peter Blank of Kentwood City Properties. Photos will be uploaded on several websites:
www.milehimodern.com
www.denverrealestate.com
www.kentwoodcityproperties.com
The home will be featured as well in the next issure of the new hip magazine MODERN IN DENVER.
If you want to preview the home prior to market launch, connect with:
Judy Fahrenkrog, judy@kentwoodcity.com or
Peter Blank,
Peter@milehimodern.com
posted: May 9, 2011
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Got Talent? |
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Denver's got talent, and scoring more points at a national level than any other local player is the multi talented Kim Dawson.
Locals in the Cherry Creek neighborhood might remember Kim as a budding oenologist, consultant on the varied grapes at the Vineyard. Kim's knowledge of wine is extensive and she served her customers with class and talent. Oh it was a sad day to not see her smile, or hear her opinion on the subtleties of a certain grape. As with all talents, Kim needed to follow her own dream to see where it would take her....and soon it will be a contract with a Sony record label.
Kim is a member of the very local and extremely talented vocal group Urban Method. Urban Method has just advanced past Week 8 of Season 3 on the NBC hit show The Sing Off is a contest of a cappella groups singing varied selections from different genres. The judges are acclaimed grammy singers, Ben Folds, Shawn Stockman and Sara Bareilles and the critiques are centered on informed musicality. If you live in Denver, this is your new "Must See TV".
If you don't live in Denver, then get here now. Denver is home to several music professionals and owns its own theatre company, opera company, ballet company, theatre company and symphony. Denver sports professional teams with talented names such as Broncos football, Avalanche hockey, Rockies baseball, Nuggets basketball and Rapids soccer. Denver is home to the world class Denver Art Museum, the Museum of Contemporary Art and the new Clyfford Still Museum opening on 11-11-11! In addition to all this talent, Denver's climate ranks among the best of all the major cities.
This is the time to discover your inner talent in Denver. There has never been a better time to buy into the dream. For more information on homes, condos and townhomes in the mile high city contact me by email.
judy@kentwoodcity.com.
The talented Kim Dawson and Urban Method, from Denver, will appear again on November 14 on NBC or Channel 9.
posted: November 8, 2011
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The View |
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Zen philosophers have often said that the outward view, comes from within. Absolutely true when you step into 1551 Larimer, the penthouse at #3101. Upon entering this luxury condominium, with approximately 3000 square feet of contemporary living, the first thing that strikes the visitor is the view!
The view is unique as it sweeps from Long's Peak all the way south to Pike's Peak and has east views back into downtown Denver....mountains and the city. These views can be observed from two large outdoor covered decks....imagine the fireworks.
The condominium, the only unit with skylights, is located within Larimer Place. One of the original luxury high rises in lower downtown, Larimer Place still maintains a lower hoa than most buildings and is loaded with amenities such as a pool and tennis courts. Located across the street from the reknowned and historic Larimer Street with superior restaurants and shopping, this is the ultimate in city living.
Observe the views from within this website by clicking on the photo of Larimer Place...you can't photoshop this! Or email me for an appointment to see the views in person at judy@kentwoodcity.com.
posted: June 4, 2012
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@Pending |
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What a day! The Halloween tricks have begun and Google seems to be the target with early released earnings reports that dragged down the NASDAQ composite. The untimely release was an error related to "fat thumbing" on an android. Sound eery spooky? Only terrifying if the bulk of your investment portfolio is tied into NASDAQ earnings, unless you enjoy the thrill of the roller coaster ride.
@Pending is a common term in the real estate industry. When a home receives an offer that becomes contract with signatures from the buyer and the seller it is officially @pending a sale, but definitely not sold. With such a low rate of inventory of homes for sale in many of the Denver communities, several offers are submitted during the @pending stage of the real estate contract. During the @pending phase, all the contingencies are adressed and dates and deadlines move the contract closer to the closing table. Some of the contingencies include financing, appraisals, surveys, review of title work and community documents, inspections and several additional contingencies pertaining on the needs of the purchaser. This @pending is definitely different from sold, but with real estate this phase does not send the values of the homes within reach into a tailspin.
Real estate is still the most reliable investment and should remain a significant portion of an individual's portfolio. The interest rates are extremely low, great for home buyers, but the inventory is also low. Now is the time to get in the game and fat thumb a home for your @pending file.
Contact:
judy@kentwoodcity.com
Kentwood City Properties
posted: October 18, 2012
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