The $115 million Denver Tech Center was recently sold to the real estate firm Kingdom Oriented Real Estate (KORE). The 242,000 square feet Re/Max Plaza location was described by KORE as a "trophy asset."
The decision to buy or sell a home is never an easy one to make. After all, most Colorado residents will want to sell their homes at the highest value and buy their homes at the lowest value. Aside from finding an eager seller in a buyer's market, or an eager buyer in a seller's market, the price a home is sold at will largely depend on current market indicators. With this in mind, home prices in the Denver area have skyrocketed, making it feel like a seller's market in Denver.
Buying into a short-term rental property can be lucrative for the average real estate investor. It's even better when the rental property is located in a highly desirable vacation destination like Aspen, where certain types of short-term and seasonal rentals are highly sought after for those looking for a beautiful escape -- during both the winter ski season and the warm summer months.
With the rise of e-commerce and rapid home delivery options, a lot of people are talking about the decline of the brick and mortar retail stores found in strip malls. However, this isn't always the case. There are certainly many cities with too much empty retail space, but others have a strip mall market that's thriving.
When you buy a home, it's a long process. You want to make sure you get the house inspected and that you have a substantial contract that protects you in case defects appear after the sale. On the whole, it's the seller's responsibility to disclose any significant defects with the property.