Holly Hills — Homes for Sale

The suburban neighborhood of Holly Hills is made up predominantly of owner-occupied single-family homes and townhomes. Holly Hills boasts older and well-established homes with 85% built between 1940 and 1969. Newer homes have also been added between the years 1970 to 1999.

High Demand in a Soaring Market

The current vacancy rate of Holly Hills is 2.8% - lower than 88.5% of all neighborhoods in the U.S. – meaning, the housing supply is in short supply and in high demand. Commute times are manageable with about a 10 to 15 minute drive to both to the Tech Center and Downtown Denver. The average commute time for a working professional in Holly Hills is 15 to 30 minutes.

Local Favorites and Convenient Access

Families living in Holly Hills can take advantage of the Cherry Creek school district, one of the highest achieving districts in the state. The neighborhood’s location is central to major retailers, grocers, and local specialty storefronts. Visit a favorite brewery – Bull and Bush – for a cold pint and some tasty pub grub. Making it easy to stop in for a few items whenever you need, the Sunflower Market among other grocery stores are all within walking distance from the Holly Hills neighborhood.

Let Us Be Your Guide

The prime locale of Holly Hills makes it a desirable neighborhood for many new Denver residents. Contact the experts to help you find the home you have been looking for and provide you with the right information. Elevation Realty are your premier real estate experts, with all the industry knowledge and connections to help make your transition as easy as possible.

 

Get in touch with us today to receive the latest information about homes for sale in Holly Hills.

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Homes For Sale in the Holly Hills Denver Neighborhood

 

Holly Hills Real Estate: Buying a Home in a Tight Market


February 25, 2016

The Denver real estate market is one of the most buyer-competitive markets in the country, especially the Holly Hills real estate market. Low unemployment, beautiful natural surroundings, friendly people, and good work-life balance draw people from all over to the Holly Hills neighborhood. In this type of market, especially in a moderate price range, it’s not unusual to have a house on the market for less than a week. You can rely on your real estate professionals at Elevation Realty to alert you immediately to any new properties coming on the market, but making a quick decision may make the difference between getting a home under contract and missing out. Buying a home is likely the largest purchase you’ll make in your lifetime, so it’s natural to have some anxiety and want some time to think it over.  However, if you take too much time it’s possible, or even probable, that you may miss your dream home.

To make it possible for you to act quickly without giving yourself an anxiety attack, it is important that you sit down and make a list of wants. No property is going to fulfill every single wish, but break your list down to Deal Breakers, Serious Needs, and Wants. Once you find a house that has no deal breakers and a significant number of serious needs met, you can make an offer with confidence.
  • Deal Breakers:  Deal breakers should be just that. Anything on this list should be important enough to make you walk away from a deal. They should include things that you aren’t willing to compromise on because you’re tired of house hunting or there are some things from your want list that are turning your head.  Deal breakers may be items such as, "are schools in the area good?," "Is it a safe area?," "Is your work commute reasonable?"
  • Serious Needs:  Serious Needs are important as well, but there may be some room for compromise. The outdoor environment may not be what you want but you can possibly make it that way within a season or two. The kitchen may be outdated but you purchased the home underbudget, meaning you can afford to remodel according to your personal taste. Be honest with yourself about how much time and money you are willing to put into fixing or remodeling. It's important to be realistic about how much time you can live with the bathroom tile or lack of storage before it affects your mood. If it’s something you would want done right away, analyze the economic feasibility and if you’ll have the energy to deal with that after settling into a new house. If you are comfortable with do-it-yourself projects, you may have some wiggle room. If you are planning to remodel,be sure to calculate a loan amount that you can afford along with your new mortgage and stay within that. You don’t want to put yourself under too much financial pressure.
  • Wants: Wants are generally things that can be added as time goes on, such as Jacuzzi tubs, fire pits, and back decks. They are something that your dream home has but you have been living without and can go a little longer. If the house has zero wants you may want to move on, but if it scores high in the deal breaker and need category, decide how long you can wait for some of the things on the list.
Reduce anxiety and be ready to invest in your next home in Holly Hills by being clear about what is on your list and what percentage a home must fulfill to be considered for purchase. HUD has a free download of a homebuyer checklist to get you started. Once you’ve completed your list, share it with your realtor; it will help them to better understand what you are looking for. Contact the experts at Elevation Realty; we make sure we are available to you without bounds.  Our goal is to provide you with the most reliable and up-to-date information to make the best decisions for you, your family, and your budget.
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Holly Hills Real Estate: How to Avoid the Mistakes First-Time Home Buyers Make


December 11, 2015

Thinking about buying your first home in Holly Hills, but not sure if you’re crossing all your T’s and dotting all your I’s? The purchase of a home is exciting. But as any mortgage professional knows, first-time home buyers often end up making errors that can be avoided. From credit hassles to money transfers to communication failures, check out a complete list of top mistakes made by Colorado home buyers outlined in The Denver Post. And in the mean time, here are a few rules to follow to make your first home purchase a positive experience:
Pre-approval
  • Get a quick prequalification first – As much as you may be chomping at the bit to find a house, falling in love with one you can’t afford is no fun. Instead of searching for homes online or driving around neighborhoods, your time is better spent by first having a 15-minute phone call to discuss your credit, income, debts, and down payment so that you know what you can qualify for.
Credit
  • Review your credit 2 to 3 months before you want to buy – Errors on credit reports happen all the time, and while some may be insignificant, others can really hamper a real estate deal. Pull a professional, FICO-based credit report a few months before you buy so that you have time to correct any errors you find.
  • Leave credit card accounts open – Pay them down to a $0 balance if you can, but don’t close them completely. Closing credit card accounts can affect your FICO score in a negative way.
Major Purchases
  • Put off big purchases – You may have heard that buying a car right before you buy a home is a bad idea, and it’s true. Making any large purchase can 1) lower your FICO score by showing recent debt, 2) increase your debt-to-income ratio which in turn lowers the price of the home for which you can qualify, and 3) requires even more paperwork to explain and document the purchase(s). So it behooves you to put off a big expense until after you buy your home.
Money in the Bank
  • Don’t move money between accounts – While this may seem counterintuitive, transferring funds between accounts is actually a red flag for underwriters. It gives the appearance that you may be trying to double-count the money you have available for a down payment. If you plan to move any money around, it’s always best to speak to your loan officer first.
  • Deposit “gift” funds wisely – The same is true for depositing a large sum of money, or a “gift,” into your account(s). Again, alerting your loan officer first lets them get you into a program that fully allows gift funds and reveals it to the lender. Without properly notifying your loan officer of a potential gift, the deal could fall through.
When it’s time for you to buy in Holly Hills, look to the real estate experts at Elevation Realty to help you find the perfect home. Contact us for more information or to learn about Denver neightborhood market trends.
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