The Brian Petrelli Team Blog

The Brian Petrelli Team is thrilled to announce our new listing at 134 Willowwick Cir, in Highlands Ranch.

If you’ve been searching for Highlands Ranch Homes and can’t find a nice House with 4 bedrooms on one level, this is the home you need to see! With 4 beds, 3 baths and nearly 2,000 square feet, this home is a great deal at $279,900!

Located near the corner of Broadway and Lucent, this home is within walking distance of Highlands Ranch Town Center and all the amenities offered there.

We’ll have more pictures and virtual tours available soon. In the meantime, give us a call to see this great home at 303-726-1874.

134 willowick cir
highlands ranch 80129

$279,900.00

Fannie Mae is taking action to help home buyers and home sellers. Lenders reliying on automated systems for a property valuation have cost many, many deals and have left home sellers and buyers incredibly frusterated. It looks like Fannie Mae is moving to stop some of these problems.

Remember, you can search all Denver Fannie Mae Homes on our website.

From the LA Times:

Fannie Mae to prohibit lenders from changing home appraisals

 Reporting from Washington –

 Picture this: You’ve signed a contract to sell your house. Your buyers say they’ve nailed down the right mortgage. All is well. But then the appraisal comes in low – $25,000 to $50,000 under what was agreed in the contract.

The buyers refuse to pay a dollar more than the appraisal, you decline to go that low and suddenly the whole deal is off. You, the buyers and the realty agents involved are all left sputtering over the appraisal that scuttled the transaction.

 
This scenario is not unusual in many markets across the country, say home builders, realty agents and appraisers. One little-publicized reason: Lenders unilaterally may be lowering the numbers on the appraisals submitted to them to avoid accusations that the loans they sell to giant investors Fannie Mae or Freddie Mac are based on inflated appraisals – even slightly inflated. Such value inflations can expose lenders to “buyback” demands, forcing them to repurchase loans at huge costs.

Found north of highway 285 and 2 blocks West of Sante Fe, Sunpointe Condos, Lakewood are ideally located for easy access to Downtown Denver and the foothills.

This great Lakewood HUD home just came on the market for $100,000. With 2 beds, 2 baths and over 1,000 square feet, this is a fantastic deal! We’re seeing fewer and fewer Lakewood Condoscome available as HUDs, and a unit this size for just $100,000 is a great find.

Bids are open to only owner occupants until the 25th when they will be open to investors if the condo is still available.

You can see the complete details by clicking below, or call us at 303-726-1874 for a private showing.

5755 w atlantic
lakewood, CO 80227

$100,000.00

Parker, Colorado offers a unique opportunity for those who want to be close to Denver but still want to have larger lots of land. In fact, there are many homes within a mile of Main Street in Parker that have well over five acres.

Parker Acreage Homes offer the true country lifestyle while allowing your to work and commute to all part of the Denver Metro area.

We’ll be listing one of the homes soon and have created a site specifically for those of you wanting to search for large acreage lots in and around Parker: Parker Acreage Homes.

In the meantime, if you have questions about acreage or any Parker Homes for Sale, give us a call at 303-726-1874 or stop by our website.

Highlands Ranch Homes Rule!

We’ve known all along that Highlands Ranch is the best place in the country to live, but this week, Money Magazine made it official.

From the Denver Business Journal:

Colorado small cities are on Money magazine’s latest list of America’s 100 “best places to live,” with Fort Collins at No. 6, Highlands Ranch at No. 12 and Broomfield at No. 19.

“Bikers and beers. In most parts of the country, those two elements may be reasons to move elsewhere,” Money says of Fort Collins.

“But in the foothills of Colorado’s Front Range, bikers mean cyclists: Fort Collins has 29 miles of well-used trails. As for beers, this town has become a high-end microbrew mecca. New Belgium Brewery (maker of Fat Tire) is based in this entrepreneurial town, and competitors are moving in.”

Money also notes that Fort Collins is home to Colorado State University and a Hewlett-Packard complex. The city was No. 1 on the Money list in 2006.

As for Highlands Ranch, Money says that the Douglas County community has “over 8,100 acres of open space, 22 lush parks and activity possibilities that span from hiking to golf. This unincorporated area outside Denver offers the best of the Colorado outdoors.”

Read more: Five Colorado cities on Money’s ‘best places to live’ list – Denver Business Journal

HUD just made available a new listing in Founders Village, Castle Rock Homes. This 2 bedroom, 1 bath home is 779 square feet and priced at just $110,000 – making it one of the cheapest Castle Rock Homes available!

Bids for owner occupants are due on this home by July 25th. Investors will be allowed to bid after that.

You can see more information by following the link below or you can see all Castle Rock HUD Homes here.

To schedule a showing of this home, contact us at 303-726-1874.

17 s quicksilver ave
castle rock, CO 80104

$110,000.00

The numbers keep slowly, slowly trickling down in Colorado. We’re still seeing activity in the housing market creep back as the foreclosures disappear.

You can search all Colorado Bank Owned Homes here

From the Denver Business Journal:

RealtyTrac: Colorado foreclosure filings down 4.6% in Q2

Read more: RealtyTrac: Colorado foreclosure filings down 4.6% in Q2 – Denver Business Journal

In the quarter ended June 30, Colorado had 15,287 properties with foreclosure filings, down 4.59 percent from the first-quarter total of 16,023 but up 4.73 percent from the second quarter of 2009, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

Colorado’s rate of homes with foreclosure filings for the second quarter of 2010 was one out of every 141 housing units, almost the same as the national rate of one in 144, RealtyTrac said.

Our Team is excited to show off our new listing in Green Valley Ranch Denver Homes!

This is a large, 4 bedroom, 3 bath home located  south of 56th and East Dunkirk. With over 1,500 square feet and priced at just $149,000, this home is an amazing deal! The golf course is just 3 blocks away and the Green Valley Rec center is close too.

We have pictures up on our website and virtual tours should be completed by Monday.

In the meantime, if you’d like a personal tour, give us a call at 303-726-1874.

5556 espana ct
denver 80249

$149,900.00 

 You can see all Denver Houses for Sale Here.

Just about everyone is familiar with Windsor Gardens, Denver Condos. Its a 55+ retirement community that both sells and rents Denver Condos.

It seems as if for the last 3 years, HUD has been investigating Windsor Gardens for violations of the Fair Housing Act (Denevr Post Article). It seems that much of the problems stem from Windsor Gardens initially advertising the community as “50 and over” (Federal Law States you can only restrict 55 and over).

It’s an interesting article, but honestly, a 3 year investigation seems a little lengthy for this.

Windsor Gardens seems to be all over this and as already issued a press release defendingtheir actions.

Stay tuned…

 Prairie Ridge Condos, Aurora were built in 2002. This is a beautiful community located just north of Arapahoe Rd and West of E-470. The complex is located very close to Tallyns Reach, Aurora Homes.

Units in Prairie Ridge start in the $130’s and go as high as the $180’s. However, this Aurora HUD home is one of the largest models in the complex and is priced at only $160,000. A steal at this price.

Bids were just opened for investors as well as owner occupants. Take a look at this area’s home prices and you’ll see why this unit is such a good deal!

You can see more information on this home at the link below, or give us a call and we’ll show you the home in person: 303-726-1874. 

22932 e ontario
aurora, CO 80016

$160,000.00

 You can search all Aurora Condos here.