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Fall 2017 Rental Market Update by Colorado and Company

Below is an open letter by our esteemed colleagues from Colorado and Company. They are mostly talking about the Denver Downtown market, but we strongly feel that these trends are relevant for the entire metro area. "As we head into the winter, with cold weather and the holidays approaching, leasing tends to slow. In addition to the cold weather, traditionally smaller tenant pool, and the holidays making moving hard, it is important to remember other trends that are taking place in the metro leasing market. Rental Inventory Update 2017 has seen …

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Important Details About Breaking a Lease in Colorado

Important Details About Breaking a Lease in Colorado

DISCLAIMER: This information provided by Evolve Real Estate & Property Management is for general information only. While this is a helpful overview, we make no representation or warranty of any kind regarding this information. If you need legal advice, get in touch with a licensed attorney and do not contact Evolve Real Estate & Property Management for legal advice.   In Colorado, a lease between a landlord and a tenant is a legally-binding contract. If you have signed one and you break it, you risk legal and financial repercussions. T…

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5 Benefits of Hiring a Property Manager for Your Rental.

5 Benefits of Hiring a Property Manager for Your Rental.

If you have investment properties in Denver, or would like to rent your Denver home instead of selling it, what shall you do? Should you hire a professional Denver property management company, ask a Realtor for help or do it yourself? The answer may not be as simple as you think. Not all brokerage/realtor offices in Denver allow their agents to participate in leasing and property management activities. And there’s a reason for that. Managing brokers of real estate offices do not want the liability that comes with managing properties. One has t…

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Denver Home Buyer Survival Tips or How to Buy a House in a Hot Sellers’ Market

Denver Home Buyer Survival Tips or How to Buy a House in a Hot Sellers’ Market

If you haven’t heard, Denver’s real estate market is red hot! Even though we saw 38% more listings coming on the market in March of this year versus March of 2014, the supply is still out of balance. National Association of Realtors considers a six-month supply of homes to be the market equilibrium. We are far off those numbers in Denver real estate market with current supply of just under a month worth of homes, creating a buyer frenzy and bidding wars reminiscent of "Hunger Games". Is it really that bad you might ask? According to a recent D…

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