Denver Has Hart

Patrick Hart is a licensed real estate agent who helps homeowners and investors buy, fix, and sell real estate across the Denver-metro

10/13/2021

Do you rent? Here are the new Colorado renter rights that took place Oct 1st...

Leases and rent
- Landlords are prevented from raising rent more than once a year
- A tenant without a written rental agreement must get 60 days written notice before rent is hiked
- Renters can recover financial damages if theyโ€™re illegally locked out or wrongfully evicted by their landlord

Late fees
- Landlords canโ€™t charge a late fee unless payment is at least seven days late
- No late fee can be more than $50 a month or 5% of monthly rent, whichever is more

Evictions
- Tenants can respond in court at any time on the day that response is due, and the court must set the trial for 7-10 days later
- Tenants can claim a breach of the Colorado Warranty of Habitability statute (for example, if a house has a pest infestation, toxic mold or an essential appliance that does not work), and the judge can reduce the amount of rent owed to the landlord
- Renters can pay owed rent to stop the eviction before a judge makes a decision
- The document that allows a sheriff to actually remove a tenant from a property cannot come until 48 hours after the judgment, and a sheriff canโ€™t execute it until at least 10 days after the judgment is entered

Photos from Denver Has Hart's post 10/12/2021

September stats are in! The biggest changes that stood out are 1) increase of inventory of both SFH and condos 2) increase days on market/DOM 3) plateau of pricing. After a red hot year for sellers, the market is beginning to reach an inflection point towards a more buyer friendly environment. Next month expect to see some seasonal price depreciation as inventory continues to creep ๐ŸงŸโ€โ™€๏ธ๐Ÿ 

DOM = days on market
YOY = year over year

Photos from Denver Has Hart's post 10/11/2021

๐Ÿ’ฐ๐Ÿก Millionaire Monday ๐Ÿ’ฐ๐Ÿก

University Hills
4 bed / 5 bath, 4715 sqft

Contemporary minimalist design

$1,999,000

Photos from Denver Has Hart's post 10/08/2021

๐Ÿšจ๐Ÿก Deal Alert!! ๐Ÿก๐Ÿšจ

Northglenn
3 bed / 3 bath, 2,247 sqft

$300k + $75k in repairs = $375k
ARV $475k
Net equity = $100k

(Finished photos of comparable sale for $475k)

DM for showing

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Address


2801 Welton Street, Suite 200
Denver, CO
80205

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