Real Estate in Southeast Aurora

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The footprint for Real Estate in Southeast Aurora lies in Arapahoe and Douglas Counties and sits east of Centennial and the Denver Tech Center. This upscale side of the city boasts countless luxurious home options, a plethora of shopping and dining outlets, and is home to the award-winning Cherry Creek School District 5.

This area has continued to experience exponential growth over the last 15 years, especially since the addition of Southlands Mall in 2005. Southeast Aurora is considered a commuters’ delight offering easy access to Interstate 25, Interstate 225, E-470 tollway, and Interstate 70.

Real Estate in Southeast Aurora

This bustling community is highly desired by many. Endless housing options including single family homes, luxury homes, low maintenance townhomes, condominiums, golf course communities, age restricted communities and semi-rural custom homes can all be found here. Whether you are a student, retiree or an active family there is something for everyone in Southeast Aurora!

As one would expect, real estate prices in Southeast Aurora run the gamut as well. High-end newer construction homes can be found for just over $1M and small condominiums for just under $200k. Whatever your taste or budget, housing options in Southeast Aurora are plentiful and with easy accessibility to major highways, endless shopping and dining options and great schools there is no question why so many people have chosen to call Southeast Aurora their home.

Notable neighborhoods in Southeast Aurora:

  • Saddle Rock
  • Piney Creek
  • Tallyn’s Reach
  • Blackstone
  • Southshore
  • Heritage Eagle Bend
  • Sienna

Lifestyle and Attractions in Southeast Aurora:

  • Southlands is the ultimate outdoor lifestyle center featuring the most popular names in dining, retail shopping and entertainment. Established in 2005, Southlands is the largest non-enclosed mall in the United States, offering 1.7 million square feet of retail floor area and 189 stores and services. During the winter and holiday season, The Pond Ice Rink at Southlands is open every day from Thanksgiving week through February. There is an admission fee to skate and skate rentals are available as well.
  • The City of Aurora is a golfer’s paradise! There is a total of 9 public golf courses and one private course, Blackstone Golf Club, which offers a dual membership with Black Bear Golf Club in Parker. If golf is your passion, Southeast Aurora might be the perfect place to call home. The following public golf courses are located in Aurora:
    • Aurora Hills Golf Course | 50 S Peoria Street
    • Meadow Hills Golf Course | 3609 S Dawson Street
    • Murphy Creek Golf Course | 1700 S Old Tom Morris Road
    • Saddle Rock Golf Course | 21705 E Arapahoe Road
    • Spring Hill Golf Course | 800 Telluride Street
    • CommonGround Golf Course | 10300 E Golfers Way
    • Heather Gardens Golf Course | 2888 S Heather Gardens Way
    • Heritage Eagle Bend Golf Club | 23155 E Heritage Parkway
    • Heather Ridge Golf Course | 13521 E Iliff Avenue
22247 E Hinsdale Avenue $749,900

22247 E Hinsdale Avenue Aurora, Colorado

5 Beds 3 Baths 4,319 SqFt 0.190 Acres

Sale Type: Active Listing courtesy of D R REAL ESTATE INC

24466 E Canyon Drive $749,900

24466 E Canyon Drive Aurora, Colorado

4 Beds 3 Baths 4,185 SqFt 0.160 Acres

Sale Type: Active Listing courtesy of Meant To Be Realty

4378 S Malaya Way $749,950

4378 S Malaya Way Aurora, Colorado

4 Beds 4 Baths 3,324 SqFt 0.090 Acres

Sale Type: Active Listing courtesy of RE/MAX Masters Millennium

7241 S White Crow Way $749,990

7241 S White Crow Way Aurora, Colorado

3 Beds 3 Baths 4,826 SqFt 0.180 Acres

Sale Type: Pending Listing courtesy of RE/MAX Professionals

7130 S White Crow Way $749,990

7130 S White Crow Way Aurora, Colorado

3 Beds 3 Baths 4,826 SqFt 0.200 Acres

Sale Type: Pending Listing courtesy of Coldwell Banker Realty 44

24013 E Euclid Avenue $750,000

24013 E Euclid Avenue Aurora, Colorado

5 Beds 3 Baths 3,934 SqFt 0.200 Acres

Sale Type: Active Listing courtesy of RE/MAX Leaders

27137 E Davies Avenue $750,000

27137 E Davies Avenue Aurora, Colorado

4 Beds 3 Baths 3,836 SqFt 0.180 Acres

Sale Type: Active Listing courtesy of Redfin Corporation

6931 S Robertsdale Court $750,000

6931 S Robertsdale Court Aurora, Colorado

3 Beds 3 Baths 4,694 SqFt 0.200 Acres

Sale Type: Active Listing courtesy of MB SHOWCASE PROP

22916 E Bailey Circle $750,000

22916 E Bailey Circle Aurora, Colorado

3 Beds 3 Baths 4,496 SqFt 0.130 Acres

Sale Type: Active Listing courtesy of RE/MAX Masters Millennium

8210 S White Crow Street $750,000

8210 S White Crow Street Aurora, Colorado

4 Beds 4 Baths 3,786 SqFt 0.180 Acres

Sale Type: Active Listing courtesy of WELCOME HOME REAL ESTATE LLC

Real Estate Process

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Barrington Group Real Estate Company

19402 East Mainstreet Unit 1, Parker CO 80138

(720) 244-1308
info@BarringtonGroupRE.com

Registered Realtor - Fair Housing - Equal Housing Opportunity
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Moving In

Closing Day

If you have come this far, then this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:

Final Walk-Through Inspection

More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.

Home Services and Utilities

We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.

Be Prepared

We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor.

Closing

The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are obtaining financing, you will have to sign all pertinent documentation required by the lending institution. If you are unable to attend the scheduled closing, arrangements can be made depending on the circumstances and the notice that we receive. If you are bringing funds to the transaction, you can elect to either have the funds wired electronically into the closing agent’s escrow account, or bring a certified bank check to the closing in the amount specified on the settlement statement. The seller should arrange to have all property keys and any other important information for you at the closing so that you may receive these items at this time.

Escrow Inspections and Appraisals

DECIDING TO BUY

PREPARING TO BUY

CHOOSING A REAL ESTATE AGENT

TIME TO GO SHOPPING

ESCROW INSPECTIONS & APPRAISALS

MOVING IN

The Process, Step-by-Step The Initial Agreement and Deposit.

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller.

Some important tips to keep in mind to streamline the process:

· Keep written records of everything. For the sake of clarity, it will be extremely useful to transcribe all verbal agreements including counter-offers and addendums and to convert them into written agreements to be signed by both parties. We will assist you in drafting all the paperwork for your purchase and make sure that you have copies of everything.

· Stick to the schedule. Now that you have chosen your offer, you and the seller will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations so that each party involved is not in breach of their agreements. During the process we will keep you constantly updated, so you will always be prepared for the next step.

The Closing Agent.

Either a title company or an attorney will be selected as a closing agent. The closing agent will hold the deposit in escrow and will research the complete recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities such as building or parking restrictions. There may be recorded easements and encroachments, which limit the rights to use your property.

How to Hold Title.

You may wish to consult an attorney or tax advisor on the best way to hold title. Different methods of holding title have different legal, estate and tax implications, especially when selling or upon death of the title holder.

Inspections.

Once your offer is accepted by the seller, you will need to have a licensed property inspector inspect the property within the time frame that was agreed upon in the effective contract to purchase. You may elect to have different inspectors inspect the property, if you wish to obtain professional opinions from inspectors who specialize in a specific area (eg. roof, HVAC, structure). If you are purchasing a commercial property, then you will need to have an environmental audit done on the site for the lending institution. We can recommend several different inspectors.

Depending on the outcome of these inspections, one of two things may happen:

1. Either each milestone is successfully closed and the contingencies will be removed, bringing you one step closer to the close, or 2. The buyer, after reviewing the property and the papers, requests a renegotiation of the terms of contract (usually the price).

Appraisal and Lending.

It is imperative that you keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. If the agreement is conditional upon financing, then the property will be appraised by a licensed appraiser to determine the value for the lending institution, via a third party. This is done so that the lending institution can confirm their investment in your property is accurate. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, recent sales of comparable properties, operating income, etc. When you are within two weeks of closing, double check with your lender to be sure the loan will go through smoothly and on time.

Association Approval.

If the property that you are purchasing is conditional upon an association approval, request the rules, regulations, and other important documents from the seller as soon as you have an effective agreement to purchase. Make sure that the application documents and processing fees are submitted to the appropriate person at the association by the required time. Fill out all of the information completely and legibly so there is no delay in processing the application. If you are required to meet with the association for your approval, make an appointment as soon as possible for the interview. Most associations require a certificate of approval before move-in. Your closing agent will request that the original copy of this approval letter be brought to the closing, so that it can be recorded with the deed in the county public records.

Property Insurance.

If you are obtaining a loan, you will be required by your lender to purchase a certain amount of insurance on the property. The value will depend on the lending institution and the purchase price of the property. You may be able to save hundreds of dollars a year on homeowners insurance by shopping around for insurance. You can also save money with these tips.

· Consider a higher deductible. Increasing your deductible by just a few hundred dollars can make a big difference in your premium.

· Ask your insurance agent about discounts. You may be able get a lower premium if your home has safety features such as dead-bolt locks, smoke detectors, an alarm system, storm shutters or fire-retardant roofing materials. Persons over 55 years of age or long-term customers may also be offered discounts.

· Insure your house NOT the land under it. After a disaster, the land is still there. If you do not subtract the value of the land when deciding how much homeowner’s insurance to buy, you will pay more than you should.

We will be happy to recommend experienced knowledgeable insurance agents for every property type.

Time to Go Shopping

Once those preparations are out of the way, it is time to find the right property for you.

Take a Drive

Get to know the neighborhoods, complexes, or subdivisions, which interest you. Drive around and get a feel for what it would be like to own a property in the area. Start getting a sense of the properties available in those areas.

Narrow Your Search

Select a few properties that interest you the most and have your real estate agent make appointments to visit them. Ask your real estate agent about the potential long term resale value of the properties you are considering.

Time to Buy

Once you have picked out the property you want to purchase, your real estate agent can help you make an offer that the seller will accept. A good agent will investigate the potential costs and expenses associated with the new property. An agent can also help you draft your offer in a way that gives you the advantage over another offer.

Choose a Real Estate Agent

Buying a property requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. It helps to have an expert in your corner when undertaking such a large purchase. We can guide you through this process, and also provide you with access to property listings before they hit the general market.

Here are some factors to consider when choosing your real estate professional:

· Look for a full-time agent – one who has experience completing transactions similar to yours.

· Interview a few agents: Are they familiar with the area in which you are interested?

· Ask how much time the agent will have for you, and if they are available at night and on weekends.

· Ask about their credentials and education: A good agent will continually strive to improve and gain knowledge of the latest real estate trends and hold the highest designations in their respective fields of expertise.

· Does the agent return your calls promptly? Time is money when attempting to buy a property.

· Ask for a list of properties they have sold or a list of references.

· Choose an agent who listens attentively to your needs and concerns. Pick an agent, with whom you feel comfortable.

Preparing to Buy

Before you start shopping for your property, it is a good idea to make some preparations.

Build Your Green File

A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:

· Financial statements

· Bank accounts

· Investments

· Credit cards

· Auto loans

· Recent pay stubs

· Tax returns for two years

· Copies of leases for investment properties

· 401K statements, life insurance, stocks, bonds, and mutual account information.

Check Your Credit Rating

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.

Be Careful With Your Finances

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Deciding to Buy

Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully

Why Do You Want To Buy?

Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.

Has Your Income Grown?

Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.

Red Bow

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