The Brian Petrelli Team Blog

Just south of Plum Creek Pkwy on the east side of Castle Rock is The Oaks neighborhood. This highly desirable area offers Castle Rock homes in the low to mid $200’s. There have been very few homes on the market in the neighborhood this year, which is why we were so excited when we saw that HUD had just listed a 4 bedroom home with over 2,000 finished square feet!

This is a tremendous value, and with Castle Rock foreclosures harder and harder to find, we expect to see heavy activity on this home. The large rooms, gas fireplace, walk -in closets and great backyard make this an exceptional find.

As with all HUD homes in Denver, this home will be available for bid only to Owner occupants for the first several days. If you would like to see it, give our team a call at 303-726-1874. Don’t wait on this home!

The Oaks Castle Rock Homes:

HUD Owned Home 1501 Live Oak Road Castle Rock 80104    $228,000.00

Beds: 4      Fin Sq Ft: 2061  Baths: 3     Year: 2004  Acres:0.08  # Of Photos Avail: 25 V-Tour Available: Yes MLS #: 6395678  Status: Active  Listing Office: Re/Max Professionals

Broker Remarks:  Don’t Miss Out On This 4 Bedroom, 3 Bath Townhome In Beautiful Castle Rock! The Spacious Family Room Features A Corner G…More…

We receive dozens of inquiries every month from buyers looking for a rent to own home in Denver. When we are contacted by one of these clients, our first question is “Why do you need a Rent-To Own Home?”

There are legitimate reasons for buying a home using a Rent-To-Own option, and we want to educate you on when to use these programs, and when another alternative may be a better option for you.

While a Rent-To-Own home can be a good solution in many situations, here are the circumstances where they work the best:

• Recent Bankruptcy / Foreclosure: If you have had good credit in the past, but recent events have caused traditional lenders to reject you, a Rent-To-Own option may be the ideal solution to help you get into the home you want now whiel rebuilding your credit so you can qualify for a mortgage in the near future.

• Verifiable Income: Are you self employed or recently changed careers? If mortgage lenders can’t count your income for the next 12-24 months, but you need to get into a home now, a Rent to own may be a great option to consider.

• Other Credit Issues: If you have had some credit issues in the past, but are in the process of credit repair, a Rent To Own program can help you get into the home no while you finish repairing your credit.

Again, while these lease option type programs work for many people, they do not fit everyone’s needs. Here are a couple of situations where they are typically not ideal:

• Lack of Down Payment Funds: If the reason you are looking at a rent to own option is lack of immediate funds, you should look at other options. Most rent to own programs require 8%-10% of the purchase price as a down payment due when the lease option contract is executed. Many of these programs allow this money to be returned to you when you buy the property (to be used as your down payment), but it is required as cash up front. If a lack of down payment is the only reason you are considering a Rent-To-Own option, consider one of the many Down Payment Assistance programs in Colorado. Our team can help you with any of these great programs.

• You “Might Want To Buy in the Future”: If you are looking for a place to rent, but simply like the idea of being able to buy if you want to down the road, these are probably not the programs for you. Because of the risk and structure of these programs, rents are typically higher than if you were to simply rent a home. While many times this increase in rent is repaid to you when you do ultimately purchase the home, it is not an extra expense many typical renters need to pay.

For many people, these programs are ideal and allow them the opportunity to get into a home now that they want to buy but are unable to purchase immediately. If you would like more information, you can call our team at 303-726-1874 or view this step-by-step guide to Denver Rent to Own programs.

Denver Area Rent To Own Home Searches: 
Aurora Rent To Own Homes Arvada Rent To Own Homes Brighton Rent To Own Homes Broomfield Rent To Own Homes Castle Rock Rent To Own Homes Centennial Rent To Own Homes Commerce City Rent To Own Homes Denver Rent To Own Homes Englewood Rent To Own Homes Golden Rent To Own Homes Highlands Ranch Rent To Own Homes Lakewood Rent To Own Homes Littleton Rent To Own Homes Lone Tree Rent To Own Homes Northglenn Rent To Own Homes Parker Rent To Own HomesThornton Rent To Own Homes Westminster Rent To Own Homes 

Lakewood homes have been in exceedingly high demand over the past several months. Homes priced under $300,000 are typically staying on the market for mere days before receiving offers. Most of these homes are selling at a premium – specially in the most popular neighborhoods.

This week we were excited to see that HUD had listed a home in the Green Mountain Lakewood homes neighborhood. This area, located just off Kipling and south of 6th Ave, is always in high demand, and foreclosures are a hot commodity here.

As with all Denver HUD homes, this home will be available for owner occupant buyers for a short bidding period, so if this home is one you want to see, contact our team immediately at 303-726-1874. This is an amazing opportunity on a 3 bedroom home!

Green Mountain Lakewood Homes:

HUD Owned Home 335 South Lee Street Lakewood 80226    $204,000.00

Beds: 3      Fin Sq Ft: 971  Baths: 1     Year: 1957  Acres:0.24  # Of Photos Avail: 16  V-Tour Available:  No  MLS #: 7498976  Status: Active  Listing Office: Colorado Home Real Estate

Broker Remarks:  Lovely Ranch Styled Home Located Near Popular Belmar And St. Anthony’s! Hardwoods, Some Updating In Kitchen, Formal Di…More…

Our team has been helping buyers and sellers in the Canyon Ranch Highlands Ranch neighborhood for many, many years. With more Highlands Ranch condos than any other complex, this neighborhood also boasts some of the most affordable prices in the area.

But while these prices are lower than most condos in Highlands Ranch, the average price in the complex is starting to spike and we’ve seen a dramatic increase over the past 6 months.

The chart below shows part of the picture, but it doesn’t show the huge drop in days on market for condos in the area. In addition, the chart does not break down the units by bedrooms. If you were looking to buy a 3 bedroom condo in Canyon Ranch 18 months ago, you may have paid somewhere in the high $150’s. Now, that same unit is selling in the high $170’s!

If you are a buyer looking in this area, don’t wait; prices are still rising as the inventory continues to fall. Conversely, if you are a seller, now may be the best time ever to sell in Canyon Ranch. Give our team a call at 303-817-0209.

Canyon Ranch Highlands Ranch:

We told you earlier this week that this great home in Bradbury Ranch Parker was coming soon. Well. it is now officially on the market and accepting offers and it’s one of the best Parker homes currently on the market!

This fantastic home sits on a 1/3 acres lot which is amazingly landscaped, has a trex deck with overhead lighting and ceiling fans, an additional flagstone patio and more – and that’s just on the outside!

Inside this ranch home, you’ll find 4 bedrooms (plus an office), 3 bathrooms, and over 2,500 square feet. The upgrades are too numerous to list, but here are the highlights:

• $25,000 in plantation shutters
• wood floors
• cherry cabinets
• Surround sound speakers
• corain counters
• stainless steel appliances
• so much more!

This home is everyting you have been looking for and will not last long. Give us a call to see it this weekend before another buyer snatches it up: 303-726-1874

Bradbury Ranch Parker Homes:

11827 Prairieville Court Parker, CO 80134 Bradbury Ranch  $450,000.00

Beds: 4      Fin Sq Ft: 2545  Baths: 3     Year: 2005  # Of Photos Avail: 12 V-Tour Available:  No  MLS #: 1743349  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks: Amazing Lot. Almost 1/3 Acre Professional Gardens, Flagstone Walls, Sprinklers, Trex Deck, Covered Deck With Lights And…More…

The market for Highlands Ranch condos is on fire. The best units going under contract in a matter of days and prices are 10-20% higher than they were just 12-18 months ago. Nowhere is this more apparent than in the popular Canyon Ranch Highlands Ranch neighborhood.

With nearly 500 condos in this popular complex, it is not uncommon to see 20-30 units on the market at any given time. However, there are currently only 4 units that are active and available. One of these condos is our newest listing at 8445 Pebble Creek Way.

This second floor home has vaulted ceilings, an updated kitchen with newer appliances and counter tops, full size washer and dryer, large bedrooms and a walk in closet. This is a fantastic home and it will not last long.

To schedule a private showing on this unit, or any of the other available Highlands Ranch condos, call our team now at 303-726-1874.

Canyon Ranch Highlands Ranch:

8445 Pebble Creek Way Highlands Ranch, CO 80126  Canyon Ranch  $165,000.00

Beds: 2      Fin Sq Ft: 1031  Baths: 2     Year: 1996  # Of Photos Avail:21 V-Tour Available:  No  MLS #: 8083025  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks:  Upper Level, 2 Bed 2 Bath In Canyon Ranch. Great Amenities, Gated Community. This Home Is Ready For You With Updated K…More…

Donna Jarock will be holding open her listing in Platt Park Denver this afternoon from 4:30-6:30 and she’d love it if you would join her!

This great townhome is minutes to several of Denver’s most popular parks and areas and provides easy access to I-25.

Inside, you’ll find a home in immaculate condition with hardwood floors, stainless steel appliances, 3 bedrooms + a loft, 4 baths, 2,500+ square feet and much, much more! Walk outside to your flagstone patio and low maintenance yard. With a finished basement, gas fireplace and 2 light rail stations minutes away, this home has it all.

Stop by this afternoon and check out one of the Best Denver Townhomes on the market!

Platt Park Denver Townhomes:

1160 South Sherman Street Denver, CO 80210    $599,900.00

Beds: 3      Fin Sq Ft: 2506  Baths: 4     Year: 2007  # Of Photos Avail: 20 V-Tour Available:  No  MLS #: 6433983  Status: Active  Listing Office: Mb The Brian Petrelli Team

Broker Remarks:  Original Owner, Mcstain Built Townhome. Amazing Property In Pristine Condition. Main Level Hardwood Flooring, Large Kit…More

The Canyon Ranch Highlands Ranch neighborhood has been in particularly high demand over the past year. With well 400 units in the complex, it was common to see 20-30 homes for sale at any time. This week, there are 2 condos available. That means roughly 0.5% of all of the units are available. Crazy.

This week, our team will be adding one more unit to the Highlands Ranch condo maket and we wanted to make you aware of it here before it hits the MLS. This unit will be a 2 bedroom, 2 bath condo on the second floor with vaulted ceilings, an updated kitchen (gas cooktop), updated bath, all appliances, air conditioning and a carport.

The home will be priced at just $165,000 and this will be the only available 2 bedroom in Canyon Ranch. If you would like to see it before we releases it to the general market, contact our team at 303-726-1874.

Canyon Ranch Highlands Ranch Condos:

We have a new listing getting ready to hit the market in the Bradbury Ranch Parker neighborhood and we wanted to spotlight it here first!

This 2,350 Square foot home has 3 bedrooms plus a study, corian counter tops, stainless steel appliances, cherry cabinets, plantation shutters, wood floors and sits on a 1/3 acre, culdesac lot!

There is an oversized 2 car garage, a huge covered patio trex deck with wrought iron and lighting and so much more!

Homes in the Bradbury Ranch area move quickly and the last home in Parker that we listed had 3 offers in 2 days, so if you are interested in learning more about this home, call us today at 303-726-1874!

Bradbury Ranch Parker Home:

About a mile East of I-25 is the Deer Run Thornton neighborhood. This area boasts homes in the mid to high $100’s and is ideally located in the northern Denver area to allow easy access to E-470, I-25 and Highway 76.

There have been very few foreclosures in Thornton over the past several months, we were thrilled when HUD released this new foreclosure this morning. It has over 1,100 square feet, three bedrooms, three baths and is located on a green belt. The backyard has a storage shed and the main level has a fireplace.

This is a rare opportunity to find a Patio home in Thornton and the price is an incredible $151,000!

If you would like more information on this home or would like to learn more about the process involved in buying a Denver HUD home, give our team a call today at 303-726-1874.

Deer Run Thornton Homes:

12461 Eudora Street Thornton, CO 80241  Deer Run  $151,000.00

Beds: 3      Fin Sq Ft: 1101  Baths: 3     Year: 1984  # Of Photos Avail: 21 V-Tour Available:  No  MLS #: 3288022  Status: Active  Listing Office: Diamond Realty

Broker Remarks: Wonderful Hud Owned Attached Patio Home In Perfect Location In Thornton! Close To Schools, Shopping, Parks And Located O.. More…