Cash Deals on the Rise!

In 2013, especially through the months of June – August, the market has seen “all cash” deals rise to more than 40%. This increase, from 32% - 41%, is mostly attributed to sustained investors, rising interest rates and a tight inventory.

Rising interest rates are making it harder for buyers needing mortgages to get a loan; mixed with the low inventory, where in multiple offer situations cash offers win almost every time, it’s easy to see why cash deals are becoming more popular.

The growing number of foreclosure purchases at auctions, which are all-cash purchases, also contributes to the hike in cash deal percentages. Investors are feeling more comfortable entering back into the market place and selling properties they were sitting. This in turn is freeing up their cash flow to invest in other properties.

You can see more of Realty Trac’s report at http://www.inman.com/2013/09/26/cash-sales-share-of-total-purchases-skyrockets-by-nearly-a-third-in-2-months/

Gorgeous Uptown Condo for Sale

Denver’s neighborhoods each offer a unique, vibrant, and inviting atmosphere, helping to make this city a great place to live in. While Downtown is known for the trendy Larimer Square and the chic LoDo, Uptown has numerous local hot spots and an unforgettable, close-knit vibe. Our newest listing is within walking distance to everything great Uptown has to offer.

Located in the Grant Park condo complex, Unit #427 is a real gem. Updated finishes and stylistic touches give this unit a modern living-in-the-city ambiance. It has two bedrooms, two renovated bathrooms, an open and flowing floor plan, and a private balcony with breathtaking views of the city. All of these elements are situated in 886 square feet on the fourth floor of a glamorous building.

To add to this condo’s convenience, there is an on site gym, two private parking spaces, available storage, and community meeting areas, all within the building. The 16th Street Mall is just blocks away, allowing anyone to get around the city in minutes, and a local Safeway grocery store provides the amenities any homeowner would need. Delicious restaurants and engaging bars make this location perfect for any city-dweller!

For more information and photos, please visit: 1975 Grant Street, #427. Call us today to set up a showing of this fabulous unit!