New Listing in West Denver – Home For Sale at 33 Wolff Street

Get more details on this listing at Karl Lueders’ Kentwood Web site.

Great brick ranch in West Denver. Remodeled galley kitchen w/granite counters and stainless appliances. This sunny home sits on a hill with an amazing view of downtown Denver (only 10 minutes away). Hardwood floors on the main with two bedrooms and a remodeled bathroom. Great basement retreat with high ceilings and great sunlight. The basement features a true guest suite, great media/rec room, office plus a kitchenette (could easily be converted back into rental space). This home sits on a double lot with a great covered porch and concrete patio for entertaining. The two-car garage also has an extra parking pad next to it, as well a curb cut in the front. Evaporative cooler (already winterized); gas furnace and update light fixtures throughout the house. Quiet street with great access to city and mountains. Brick homes are rare to find in this neighborhood!

Karl Lueders is a residential Realtor that can you help you sell your home quickly and find the best home for you. Find out more about Karl or listen to his past clients and find out why the best service comes from the best Denver real estate agents. Call Karl at 720-971-8267 or dial Karl up on LinkedIn.

Nothing to do with Denver Real Estate…

…but how awesome is Richard Paterson? Here’s a good pre-holiday tutorial for you would-be whisky sophisticates, and play close to attention as to how to nose a good Scotch, lest you pay the price. :)

Karl Lueders is a novice Scotch whisky drinker, Denver Realtor and half-cocked half-marathoner. See him on the streets in Las Vegas this weekend trying to run 13.1 miles. @KarlLueders or find me on Fbook.

 

Karl Lueders Presents… Why Buying Your Home Isn’t a Business Decision

“Relax pal. First lesson in business is don’t get emotional about stocks – it clouds your judgement.”

– G. Gekko

 

“If you’re buying a house to make money, then don’t buy a house.”

– Karl Lueders

The era of irrational real estate exuberance officially ended somewhere around early 2009, just a few months after the big “crash.” It happened when a random couple found the house in which they wanted to make babies, plant flowers and host handfuls of Thanksgivings. They turned to one another, squealing in delight, but then squared up their Realtor and asked, “How much do you think we can make on this one?”

I still get that question on an infrequent basis. I feign deafness to see if they’re sincere enough to ask again. If forced upon to answer, I usually go with the above quote. (No, I’m not Gordon Gekko.) It sucks, because we want everyone to own a good home that will make money, but I think we also forget that the public doesn’t always know the score with real estate. Many are still looking to buy their principal residence with an expectation of profit, rather than buying it with their heart. Which is how it should be.

I have a good perspective on the past and why people still want to believe that real estate is a sure thing. I made 16% on my first house in less than 18 months. Of course, that was back in Chicago in 1998, but people tend to remember the % and not the year. I wasn’t in the business back then and had no clue what we were getting into. We just wanted to stop paying rent. We loved our condo but we loved it even more when we sold it and moved to Denver with some tall stacks. Those stacks disappeared pretty quickly when we started looking at homes in Denver and realized we were making a lateral move from Chicago. Go figure.

Nevertheless, we looked smart because we got lucky. But I was that friend/neighbor that did get lucky and everybody wanted in on the trade-up. Yet once people started trying to act smart, we ended up with a fiasco like sub-prime loans, default credit swaps and NINJA loans. Then the s**t hit the fan across the country. Lots of places are beginning to recover, but the skid marks still appear prominently on many map searches of Nevada and Florida.

Some buyers still want an assurance that they’ll be able to sell their house for more than what they paid for it. Just so you know, you can get better predictability by putting your down payment on red (or black; just stay away from wheels with two green zeros) than which way the real estate market is headed. Real estate is not a financial investment; it’s a lifestyle investment. Homes are supposed to pull at your heartstrings, not appear as a ledger statement. (That is, unless, you happen to be buying an investment property, you’ve done research, and know the cash-flow thresholds. Another day for that.)

Sure, you need to be able to afford what the heart wants, and the heart might not know why you need a radon test, but that’s why you have good Realtors and lenders with realistic lending guidelines. And yes, it’s a huge financial decision. But don’t confuse financial decision with a financial opportunity. If you buy a home with the hopes of making money, you are allowed to blame yourself if/when that doesn’t happen. The days of time equity are gone.

But if you buy a home to raise kids, tend a garden and paint the walls bright orange because you can, then yes, that’s exactly why you buy a house. You buy a condo because you’re ready for the tax advantages of home ownership but don’t want to mow a lawn. That’s how you do.

And don’t forget, people like me are here to help you find your dream home for the best possible price. Good lenders are here to get you the best terms to make that dream affordable. If you want emotional detachment, buy a stock.

Karl Lueders is a residential Realtor with The Kentwood Company at Cherry Creek. He can be reached at 720.971.8267, email, Twitter or G+.

…950 Characters About MCA.

When I caught word that Stevie Ray Vaughn went down in a helicopter, it was 2 am, I was drunk and in Prague. It was my first “Where were you when” moment. I was 21, unaware of heavier events to come, and I thought life had changed forever. Not the case. SRV was always on stage and I was just another lighter holder. When I go the text yesterday that Adam Yauch died, I went numb. MCA, you see, was the big brother he never knew I had. I butchered Beastie Boys rhymes in high school, college… yesterday… mostly as MCA. Ad Rock’s Moet-fueled energy may have driven their early fame, but MCA’s roughneck lyrics kept it on the rails. And when they paid tribute to all the stewardesses flying around the world, you knew that MCA was in quiet control. Mike D throws a beer in your face – literally or lyrically – you go through MCA. Just like your big brother. He had more rhymes than he had gray hairs, which was a lot, because he had his share. Namaste.

Karl Lueders is a residential Realtor with The Kentwood Company at Cherry Creek. He’s been on board since the Cookiepuss days. Reach him at 720.971.8267, email, Twitter or G+.

…Denver Home Prices Up From 2011.

So the home prices in metro Denver are up from 2011, days on market are plummeting but housing inventory is still at record lows. It’s probably time to tell homeowners that it’s safe to put a sign in the yard.

Denver Post reports the S&P/Case-Shiller findings that January home sales in Denver actually dipped from December 2011, but were up year-over-year. Regardless of what you think of the Case-Shiller – mostly that its data actually lags anywhere from 1-6 months, depending on what expert you talk to – the facts are that Denver is experiencing some tangible growth and remains one of the most desirable places to live in the United States.

(Note: Detroit and Phoenix were the only other two cities to experience an uptick in their real estate markets. The only difference is that those two markets only had one way to go.)

Denver remains great and appears to only be getting better.

Karl Lueders is a residential Realtor with The Kentwood Company at Cherry Creek. He can be reached at 720.971.8267, email, Twitter or G+.

 

…30-year interest rates (fixed) since 1981.

So while the rest of the cyber world is protesting Congress’ discovery of the interwebs, let’s go buy a house. Check this out. I think there’s a trend in here somewhere…

30-year fixed rates since 1981

…This comes to us courtesy of the Federal Home Loan Mortgage Corporation, aka Freddie Mac. (The four bars on the right side of the graph are 2011 broken down into quarters.)

This guarantees nothing, but declining interest rates aren’t really a fad. Just remember, if you’re thinking of buying a home, a half-point rate increase from 4% is a greater jump than when they go up from, say 6%. Still, not too many people are going to feel sorry for someone with a 30-year fixed rate under 5%.

Talk to a lender about where your mortgage payments would be, if you don’t already own a home. In many cases, it’s cheaper than renting, especially if you’re buying a condo.

Karl Lueders is a residential Realtor with The Kentwood Company at Cherry Creek. He can be reached at 720.971.8267, email, Twitter or G+.

…Denver is the USA’s best place to buy and invest in real estate.

Don’t take my word for it. Take a look:

So I’ve been writing about this for a while, just recently about cash flowing condos in hip areas of Denver, but Greg Rand of Own America says it better, and with a little less bias than I. If you didn’t think it was time to invest in real estate yesterday, today’s a new day. Rent in central Denver is through the roof and interest rates are as low as they can go. Go on Craigslist and try to find a decent apartment anymore.

Cash is obviously king in this equation, but even if you have to borrow, the opportunity to positively cash flow an investment property is there for the taking. There is a lot to talk about. Give me a call to discuss how you can take advantage of the USA’s best place to invest in real estate.

Karl Lueders is a residential Realtor with The Kentwood Company at Cherry Creek. He can be reached at 720.971.8267, email, Twitter or G+.

…100 Words About Steve Jobs.

Industrialists turned do-gooders are obviously welcome, albeit played-out character studies in American history. Whether it’s the guilt, mortality or status that grip at the purse strings, we wouldn’t have libraries, cures for malaria or micro-lending without the Carnegies and Gates among us (they’re not really among me – I hang with Rockefellers). The reason why I admire Steve Jobs is that he’ll never be known as a philanthropist but will always be revered… not for giving us a loaf of bread, but giving us the tools to bake it. First Apple Computer: 1984 Macintosh. I rocked the Puzzle on that thing.

You can find Karl Lueders at the following places:

  • phone 720.971.8267
  • email karl@denverrealestate.com
  • Twitter @KarlLueders

…451 Pearl on You Tube!

Check out this latest montage on Denver’s hottest offering!

Presented by Karl Lueders, Realtor with The Kentwood Company at Cherry Creek.

Here’s how you can contact Karl:

karl@denverrealestate.com

720.971.8267

@KarlLueders

…New Listing at Baker Commons! Welcome to the Heart of the New Broadway!!

Be in the middle of Denver’s newest urban revitalization! This classic stretch of Broadway, from Alameda north to 6th Avenue, has experienced one of the greatest rebirths in the city’s recent memory. Once a stretch of road only frequented by barflys, hipsters, used book readers and bargain hunters, Broadway now holds the key to some of the best food, nightlife and boutiques in the city. Anchored by the Mayan Theater, The Hornet and now El Diablo on the corner of 1st Avenue, there is little you can find or do on Broadway… most of all, live in style.

Karl Lueders Presents... Denver's Broadway

The heart of Broadway is just down the street from your new pad!

A block and a half away from The Mayan/Hornet/Diablo junction is Baker Commons, a hip condo/loft building resting on top of some of Denver’s hottest retail outlets. For sale in Baker Commons is a penthouse-floor west-facing loft-style condo, with an open floorplan, modern kitchen and secure parking and storage. Unit 414 looks out over the Front Range from its private balcony.

Morning views!

Enjoy coffee in the morning on your balcony or go down to street level and right into the Sugar Bakeshop for an espresso and a tasty treat. Or, get your sweat on at Core Power Yoga right next door; get a new look at the nationally renown Matthew Morris Salon and Skincare.

Achieve at Core Power; Indulge at Sugar Bakeshop!

There is nothing you can’t accomplish from this amazing loft/condo at Baker Commons. This beautiful 1 bedroom/1 bath is only $200,000 (well under the owner’s original sale price). Plus, this building is strong; the HOA is healthy and cable comes with your monthly fee!

Karl Lueders will be able to help you learn more about why Baker Commons is the place to be! For less than rent, you can own an amazing condo in the heart of Denver.

Plus, learn more about his beautiful home just down the street in Alamo Placita here or get to know Karl here. Call him to see this amazing condo today. 720-971-8267.