Colin Morgan Real Estate

Colin Morgan Real Estate Residential real estate broker in Denver, Colorado. Buying and selling, financing and flipping. Colorado since '81! Want to know your home's value?

I specialize in buying and selling residential real estate in the Denver Metro area. I love this state and all it has to offer and have a wealth of knowledge about its trails, parks, and schools. I started investing in Colorado real estate in 2004; I pay close attention to the individual markets and have gained a wealth of knowledge covering all aspects of home ownership from finance to foundation

s and everything in-between! I love fixing up old houses, so I know construction and can also hold contractors accountable on new builds. Can we talk about home value appreciation and trail location? I'm a good listener and highly value relationships. My clients' finances and desires are of paramount importance to me, so I am quick to respond and thorough in my work. I'll create an in-depth Comparative Market Analysis that takes into account finishes, location, views and other intangibles, and keep you updated as your investment grows. Buying for the first time? I'm a former educator who likes providing guidance through all the phases of the purchase process, from credit to closing, and have connections for anything needed along the way. I go above-and-beyond for my buyers, so that could be door knocking and sending letters in desired neighborhoods to find an off-market opportunity, providing video tours, or researching particulars about a property and a neighborhood. And, I work closely with listing agents to make sure you not only win the deal but get the most for your money! If you're selling, I want you to get the most for your asset, so I offer free handyman services, professional photography, all-encompassing digital marketing, inviting open houses, contract negotiation skills, quick response time, and work with all stakeholders to close on time. Plus, I make sure all those intangibles are in your asking price! In my spare time, I like to run and bike and climb all around our great state with my two children, take our dogs to the park, and read. I would love the opportunity to speak with you about your home buying, selling or investment needs. What can I get started on today to help you achieve your Colorado real estate goals?

01/07/2024

Yeah, I want to buy a house, but I've got kids, bills, old carpet, a milion things to do.
- Well, your timing is perfect. It's winter and homes are sitting. Why not buy before you sell?
- Use equity in your current home for a down payment on your next home, and get some fixup money to make the most on your current home.
- Take advantage of desperate sellers right now, and sell your home for top dollar later in the spring, when the market is at its seasonal price peak.
- You'll be able to move at your leisure and refresh your old home for top $$$.

01/03/2024

Jeff Bezos backs a fund that buys up single-family homes and turns them into rentals.

Warren Buffet buys massive amount of stock in new-home builders.

There's a lack of homes and increasing competion.

Buy now - homes are on the market with price drops and seller concessions.

Don't wait - home prices increase 5-7% from winter to late spring.

Beat Bezos to the Punch!! 720-949-3800

12/30/2023

Amigos, un trato por una casa como esta no existirá por mucho más tiempo:
- Una caída en el precio
- Los vendedores ofrecen concesiones para reducir su tasa de interés.

De hecho, esta es la única casa en Aurora que anuncia concesiones para una reducción de tasas en este momento: 219 S Kellerman, 3 dormitorios, 3 baños, construcción de 2017 (enlace a continuación para obtener detalles). Antes $550,000 -> Ahora $525,000 más concesiones del vendedor.

Ha sido un invierno duro para los vendedores de casas: los altos tasas de interés anteriores provocaron una pausa mayor.
A finales de la primavera, ya no veremos casa con caídas de precios y concesiones: la Reserva Federal promete más descensos en 2024 y el resto de los compradores de casas simplemente esperan al margen para sus condiciones perfectas.

Compre barato, obtenga una tasa baja y sea más inteligente que los demás porque al momento del cierre usted se encontró con una tonelada de capital y ellos esperaron para pagar $545,000 por la misma casa esta primavera.

Vea el video a continuación para obtener más detalles, y si usted o alguien que conoce está pensando en comprar en Aurora, los prestamistas están listos para hacerlo; los vendedores también están listos para comenzar.

Compre con un préstamo de la FHA al 6.06%, luego utilice las concesiones del vendedor para reducir su tasa de forma permanente, o haga una compra 2-1 y pague un interés del 4.06% el primer año ($2937/mes para el pago, incluido el principal, los intereses, los impuestos, seguros y HOA).

Esta casa también sería perfecta para alquilar en el futuro, así que llámame para saber cómo puedes construir tu imperio a partir de esta casa.

UN ACUERDO COMO ESTE NO EXISTIRÁ POR MUCHO TIEMPO. COBRA MIENTRAS OTROS ESPERAN.

(Y trabaje con un agente que pueda encontrarle estas ofertas🍀🍀🍀)

Llámame al 720-949-3800 y podremos planificar rápidamente

https://matrix.recolorado.com/Matrix/Public/Portal.aspx?p=DE-362681260-677&k=1674615XPX6N&eml=Y29saW5AZWFuZGVpbnZlc3QuY29t&fbclid=IwAR1NJ90EjOOmLyo3O8Sy1C5LbNOiT-s63q90PXbiW4LLekuct7y9GKPPpik


Listado MLS #4369130 Cortesía de Cheri Lynn Pennetta, ELEGANCE REALTY & INVESTMENTS

12/30/2023

Folks, a deal on a house like this won't exist much longer:
- Price drop
- The sellers offering concessions to buy down your interest rate.

In fact, this is the only house in Aurora advertising concessions for a rate buydown right now: 219 S Kellerman, 3 beds, 3 baths, 2017 build (link below for specifics). Was $550,000 -> Now $525,000 plus seller concessions.

It's been a tough winter for home sellers - High preceding interest rates caused an even bigger lull in the slowest selling season.
By late spring, we'll no longer see homes with price drops and concessions, with the Fed promising more decreases in 2024, and the rest of home buyers just waiting on the sideline for their perfect conditions.

Buy low, get a low rate, and be smarter than everyone else because at closing you just walked into a ton of equity, and they waited to pay $545,000 for the same house this spring.

See the video below for particulars, and if you or anybody you know is thinking about buying in Aurora, lenders are ready to go; the sellers are ready to go, too.

Buy with an FHA loan at 6.06%, then use the seller concessions to buy down your rate permanently, or do a 2-1 buydown and pay 4.06% interest your first year ($2,937/month for payment including your principal, interest, taxes, insurance, and HOA)
This house would also make a perfect rental in the future, so call me about how you can build up your empire starting with this home.

A DEAL LIKE THIS WON'T EXIST FOR MUCH LONGER. CASH IN WHILE OTHERS WAIT.

(And, work with an agent who can find you these deals 🍀🍀🍀)

Call 720-949-3800 for a quick planning session.

https://matrix.recolorado.com/Matrix/Public/Portal.aspx?p=DE-362681260-677&k=1674615XPX6N&eml=Y29saW5AZWFuZGVpbnZlc3QuY29t&fbclid=IwAR1NJ90EjOOmLyo3O8Sy1C5LbNOiT-s63q90PXbiW4LLekuct7y9GKPPpik


MLS Listing #4369130 Courtesy of Cheri Lynn Pennetta, ELEGANCE REALTY & INVESTMENTS

10/17/2023

Warren Buffett, known for buying-in when folks are getting out, just purchased a lot of homebuilder stock. What does this tell us abouty future home demand? With increased demand, we'll see an upward pressure on prices. What does The Oracle of Omaha know about what's around the corner?

So, is now a good time to buy? If we assume the lower end of Denver home price appreciation forecasts for the upcoming year at 5%, and a 1% per year reduction in mortgage rates, the math works out like this:

Today: 7.5% mtg rate, $700k home, 10% down, PITI = $4,971/month
Wait 1 year: 6.5% mtg rate, $735k home, 10% down, PITI = $4,741/month
Wait 2 years: 5.5% mtg rate, $772k home, 10% down, PITI = $4,511/month

But, if you buy today and then refinance in two years at the lower 5.5%, PITI = $4,053/month

Total cost of home:
Buy today, and refinance in 2 years = $1.374M
Buy in 1 year = $1.505M
Buy in 2 years = $1.418M

Assuming the above conditions, if you buy today and refinance in 2 years you:

Save 44k in the total cost of the home
Gain 72k in appreciation
Reduce 13k in loan principal

A total 129k advantage

09/30/2023

How Much $$$ for a Sq Ft?

This week, we look at why a seemingly small amount of square footage can have a big impact on home Value. Let's use some appraiser tricks to see just how much.

We also earn bonus points for discovering why smallers homes on similar lots sell for a higher $/finished square foot.

If you're wondering about the value of a home, send the details my way, and I'm happy to look into it for you.

07/22/2023

I've been spending some time in wet crawl spaces lately. Many areas in CO have Bentonite Clay in the soil, which expands with water and can crack a foundation.

Proper water drainage away from a home is critical. 40 linear feet of foundation support for settling runs $25-$40k. 5 downspout extensions cost $43.35.

Regrading the soil around your house is a total-body workout - aim for 6" vertical drop for each 10' measuring away from your foundation walls.

If you're selling your home - make sure you have downspout extensions installed.

If you're a landlord - upgrade to the concrete splash block.

Let me know if you have any questions, or if you'd like someone to take a look at your current drainage setup.

05/17/2023

Can You Time Home Prices and Mortgage Rates?

It looks like there's an interesting intersection right now between historical home prices and mortgage rate trends.

The data show that Denver's market is following it's historic nature and prices are heading up for the summer.

Meanwhile, a look at how mortgage rates have behaved over the last 40 years suggests they'll hit their next bottom in August of '25, just in time to refinance after the second year of your 2-1 rate buydown!

I've spoken with the listing agents of several lonely properties whose sellers would only be too happy to pay for a buydown, so take advantage in this time of concessions, and here's to 2 yrs, 3 months!

04/11/2023

So far, 3814 S Richfield St in Aurora has proved to be a good investment for Carla.

It was an honor to be part of Kim L. McFadden's team at McFadden Development Co on another successful flip! Color, finis...
03/27/2023

It was an honor to be part of Kim L. McFadden's team at McFadden Development Co on another successful flip! Color, finish, and material choices go a long way, and it was pretty cool to go under contract after one weekend while setting the appraisal mark for that market!

Address

7200 S Alton Way Ste 120
Centennial, CO
80112

Telephone

+17209493800

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