Cherry Creek Today » Denver Real Estate

Top 10 Celebrity Homes For Sale In 2011

Brian Kinkade — Sat, 24 Dec 2011 16:48:07 +0000

In today’s housing market, it’s not easy to sell real estate. This is even true for celebrities with their multi-million dollar homes. As many celebrity homeowners watch their dream homes stay listed for long periods of time without offers, they too start to get discouraged. Here are ten of the most famous celebrity “for sales” for 2011.

P. Diddy

The former Puff Daddy purchased his Alpine, NJ Center Hall mansion in 2004 for $6 million dollars. It’s now listed for sale at $13.5 million dollars, more than twice what he paid. (In today’s housing market? Good luck with that!) The 7 bedroom, 9 ½ bathroom home includes three master bedroom suites, squash and tennis courts, a gym and of course, a movie theater on its 17,000 square foot lot.

Mary J. Blige

Miss “411′s” 18,250 square foot Saddle River, NJ mansion is situated on four acres of land. This 8 bedroom, 8 bathroom (and 3 partial baths) country French manor is listed for $12.5 million dollars. It’s amenities include a wine tasting room, fitness gym, swimming pool, cabana and a 14-seat theater.

Mark Wahlberg

Good old Marky Mark has listed his 7 bedroom, 10 ½ bathroom Beverly Hills, CA estate for almost $14 million dollars. Originally built with a resort-like style, it’s obviously the hangout for Wahlberg’s “Entourage”, with its abundance of seating in various rooms, including the theater. It also features a full bar and a gym with a basketball court and boxing ring.

Hilary Duff

Our sweetheart, “Lizzie McGuire” and hubby, Mike Comrie have listed their 9,277 square foot Mediterranean-style mansion for $6.25 million dollars. Originally built in 1951, the 5 bedroom, 6 bathroom Toluca Lake, CA home has been recently renovated and decorated with a nontraditional, abstract, retro-modern style. That may have something to do with why it’s been on the market since 2010.

Kate Walsh

McDreamy’s tv-ex-wife has her Spanish-style Los Angeles, CA home listed at almost $4 million dollars. The 4 bedroom, 6 bathroom mansion sits on 5,940 square feet of prime Los Feliz property. Not only does it include fireplaces in the master suite, living room and den, there are two offices, a gymnasium and a Pilates studio. And, let’s not forget the 3 bedroom guesthouse.

Christina Aguilera

Xtina and ex-husband, Jordan Bratman, have their 6 bedroom, 9 bathroom Beverly Hills, CA home listed for $13.5 million dollars. The mansion, which was made famous by former owners, The Osbournes, features the usual gymnasium, pool and pagoda. The 10,000 square foot property also includes a gift wrapping room, beauty salon and a guesthouse with a full recording studio.

Avril Lavigne

The Canadian native and ex-hubby, Deryck Whibley, have listed their Los Angeles, CA mansion for $1 short of $9 million dollars. Even though the 12,184 square foot estate is located in the gated Bel Air Crest, there is no guarantee this 8 bedroom 10 ½ bathroom home will sale for that price in today’s housing market. That may be why it’s been on the market since early 2011.

Rihanna

Our poor, little Rihanna has her Beverly Hills, CA mansion listed as a short sale. Although rumors are flying about her having financial problems, this is not the case. The 8 bedroom, 10 bathroom, 8,520 square foot estate is listed at only $4.5 million dollars. The singer reports defects in the property that allowed extensive flood and moisture damage. The house is basically unlivable (especially to a celebrity superstar), and is listed “as-is.” Because of its fixer upper issues, the singer and the bank have agreed to a short sale hoping to dump the property as soon as possible. It’s listed at $2.4 million dollars cheaper that what she paid for it.

Lauren Conrad

The Hills reality star has her Spanish-style Los Angeles, CA mansion on the market for only $2.25 million dollars. The 4 bedroom, 3 ½ bathroom home located on 3,009 square feet was built in 1922. But, it’s completely up-to-date with recent renovations completed on the house’s foundation, roofing, windows, swimming pool, electrical and HVAC systems.

Britney Spears

The former Mickey Mouse Club star’s Calabasas, CA mansion is now listed at about $4.5 million dollars. This is a drastic price drop from the original asking price of $10.8 million dollars. The 7 bedroom, 7 bathroom estate in situated on 10,300 square feet of real estate. As an almost desperate attempt to unload the property, the unique pop star tried something only a celebrity would do. On 11-11-11, at exactly 11:11 AM, the home went up for auction. Surprisingly enough, it did not sale.

What’s the Hold Up?

Some of these celebrity homes aren’t selling because of their strangely unique décors or outrageously large sizes. Then, there are those that are simply listed too high for the current housing market. Either way, it’s understandable that they don’t want to take a major loss on their homes. But, the current market is a buyer’s market. That means, if they want the mansions to sell anytime soon, they had better find ways to attract buyers who are serious about buying a home.

Article provided by Mitch Ribak. For more information about Mitch, you can check out his Merritt Island real estate website where you can also see all Titusville FL real estate listings.

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Top 10 Celebrity Homes For Sale In 2011

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Choosing a Real Estate Agent

Brian Kinkade — Fri, 16 Sep 2011 16:26:59 +0000

Selecting a real estate agent can be an overwhelming and even confusing process. This is particularly true for those who have never sold or purchased a home in the past. After all, if you have no experience in this field, it is difficult to know what to look for in a real estate agent. By taking a few simple steps, however, you will quickly narrow down your choices and will be sure to have a great real estate agent in your corner.

Step #1: Take a Drive Through the Neighborhood

One way to learn more about the real estate agents who work in your area is to drive through the neighborhood to look at signs – an effective method for Denver or Chevy Chase real estate just the same. Not only will this help you learn more about which agents have experience in your particular neighborhood, but it will also allow you to get an idea of how successful these agents are. If it takes months for a SOLD sign to go up on the homes being sold by a particular agent, chances are that this is not a good agent to hire. Visiting open houses and watching the agent interact with the people who come to the open house will also give you a good idea of how the agent operates.

Step #2: Look for References

If you have any friends or family members who have recently bought or sold a home, it is always a good idea to ask them about their experiences with their real estate agents. If you don’t know someone with a recent experience, however, you can still learn from the experiences of others by turning to the Internet. By reading through agent ratings and reviews, you can learn more about the experiences that other people had with a particular agent. After driving through the neighborhood and becoming familiar with a few local agents, you should have plenty of names to research.

Step #3: Interview Several Agents

After narrowing down your choices, it is a good idea to interview at least three agents before deciding which one you will hire. In addition to finding an agent who is knowledgeable about your market and who is an expert in technicalities such as titles and financing, you want to hire someone who you feel comfortable with. To get a better idea of the skills and strategies the real estate agent uses, you should ask questions such as:

- How many homes have you bought or sold over the past year?
- What kind of experience do you have buying and selling homes in my neighborhood?
- What kind of marketing strategies do you plan to use?
- How many homes should I expect to see before finding the right one?
- How are multiple offers handled?

You should also learn more about the agent’s communication methods. If the agent prefers to use email and you are more of a telephone person, your communication methods may not jive. Similarly, if you like to get quick responses to your questions, you may be quite unhappy with someone who typically provides updates on a bi-weekly basis.

By taking these three simple steps, you will be able to easily select the right real estate agent to suit your individual needs.

About The Author – Kevin Koitz is a Washington DC native & Realtor and specializes in Washington DC real estate.

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Living the Colorado Lifestyle

Brian Kinkade — Fri, 09 Sep 2011 18:23:39 +0000

Colorado has long been a mecca for ski enthusiasts, naturalists, and even photographers seeking out great shots of the state’s staggering natural beauty. But with Denver’s rise as one of the nation’s most business- and career-friendly cities, Colorado is rapidly becoming known as a cosmopolitan destination for some of the most sophisticated world-travelers and choosiest relocators. Defining luxury as a hearty helping of the best of what life has to offer, it becomes clear that with its active lifestyle, outdoor-oriented culture, and dynamic urban environment, Denver is rapidly becoming a top-shelf choice for residents and vacationers alike.

A taste of sophistication. While New York City and San Francisco may continue to rake in the kudos for their heady foodie choices, Colorado as a whole can claim 40 restaurants in the 2011 version of the famous Zagat national restaurant guide, which focuses only on the cream of the culinary crop. Denver proper is home to 27 of those restaurants, including top-ranked Colorado restaurant Fruition. From “sophisticated comfort food” to sushi, cultural kitsch to classic Italian, Denver offers exceptional fare for even the most jaded of palettes.

A walk on the wild side. What makes Denver unique, of course, is its presence as a bastion of civilization on the edge of the stunning Rocky Mountain Range. With easy access to a number of world-class state and regional parks, Denver residents are able to escape into the wilderness for a day of natural rigor, with enough time to shower and dress for an evening on the town. Boating, hiking, riding, camping, rock climbing, and biking are just some of the activities Colorado residents can luxuriate in—not to mention the premier skiing that’s available throughout the winter months.

A smart career move. Colorado’s business-friendly environment means that businesses are starting and relocating in this state, and Denver is one of their favorite outposts. Denver’s unemployment has consistently remained below the national average, and workers flock to the city to enjoy solid job prospects, lower cost of living, and a sky-high quality of life. Industries from tech to tourism are thriving in Denver, and the prognosis is for solid, consistent growth.

A place to call home. As if great job prospects, a stellar city culture, and exceptional quality of life weren’t enough, the Denver area has seen excellent stabilization in the housing markets, with housing prices as whole on the rise. Popular neighborhoods like Cherry Hills Village have seen median sales prices climb nearly 30 percent from 2010 to 2011, suggesting that the time is ripe to jump into a luxury home in one of Denver’s finest areas.

Truly, Denver is a one-of-a-kind town, and it is clear that all people—whether seeking a job, looking to buy a new home in a world-class city, or just seeking a lifestyle more in touch with the wonders of nature—will find in Denver exactly what they’re searching for.

Post from: Cherry Creek Today | News, Shopping and Real Estate In Denver

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Denver Real Estate Rebound?

Kevin — Thu, 30 Dec 2010 03:10:51 +0000

Real Estate Reports & How Micro-Markets Define The Case

If anyone saw the S&P/Case-Shiller Composite yesterday, you’d probably ask “what’s new”? And that “Real estate took another dip nationally”. Per Composite:
- An annual price fall of .8% (October 2009-October 2010)
- 1.3% price fall from (September 2010 and October 2010)

But Same Old Gloom and Doom For Denver Real Estate?

No — better yet…I should say ”it depends”. as a DC Metro realtor, I had good reason for some some excitement as the Metro area was just one of four “regions” to see annual appreciation per the report. San Diego, San Francisco, and Los Angeles rounded out the list of Metropolises.

What Does This Have to Do With Denver?

I noted in a post this morning that “Denver fared well” in this study despite 1.8% depreciation. In my humble opinion, any area in this study without more than a two percent depreciation rate could argue their market is stronger”. What was that, you ask? If you’re starting to question my basic familiarity with math, bear with me

When Denver margins demand more definition

The Real Estate “Micro-Market” – The Real Barometer of Market Strength

I understand national data based on comparisons of “mega-tropolises” are engaging but I call them fundamentally flawed. No, this does not help me communicate optimism in the DC Metro area. But, in my opinion, the large market studies (in which the margins are so nominal) are just “noise”.

There are many outlying DC Metro areas that have seen depreciation over the October 2009/October 2010 time-frame defined in the study. But much of DC and the surrounding close-in suburbs pulled the averages above par.

I’m not a Denver expert by any means but I’d be willing to bet that a quick market study during this same period would show appreciation in many of the micro-markets.

While it’s exciting to give consumers confidence, in my opinion it’s also important to continue to remind them that real estate cannot market cannot be defined these “mega-tropolises”. They often can’t even be measured by zip codes, or towns, or cities.

Micro-markets can best be defined as a study in real estate trends on an almost a block by block basis. It’s also heavily defined by property types that lie in particular areas. For example, there is a crying need for large condos in close-in DC. And there are plenty of people willing to pay a premium for it.There are also neighborhoods in high demand because of certain amenities, proximity to public transportation.

So while the S&P/Case-Shiller study may show Denver in the “negative” — even an East coast boy like me realizes that Denver has some neighborhoods that are more than holding their own. And this is precisely what is wrong with the gross generalizations that are the product of these studies.

Thoughts?

Licensed in Virginia, Maryland, and D.C., Kevin Koitz from The Koitz Group @ Coldwell Previews International specializes in Washington DC Luxury real estate and surrounding fine DC Metro suburbs. Visit his Greater Bethesda Maryland real estate blog if you’re looking for more close-in DC Metro info…or just want to say hey!

Banner photo by pbo31, available under a Creative Commons Attribution-Noncommercial license.

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Denver Real Estate Rebound?

An Inexpensive Renovation That Can Go A Long Way !

Brian Kinkade — Thu, 23 Dec 2010 03:12:29 +0000

Thinking of doing a renovation to your home, but know that you may be selling your home in a few years. The goal of any renovation if you plan on selling should to make sure that you do a renovation that will return a large percentage of what it cost you to do.

You can view part of that return as the reward of your home selling faster and standing out in a market crowded with homes for sale.

If you are thinking of selling your home down the road, the same way you may call an architect or a kitchen designing in the planning process, call your REALTOR® and include them as well. Ask them what they think of your plans. Will the investment be a wise one, and make sure to go over your final choices with them. Tell them you won’t be the least bit offend but if the market in heading away from wood floors and leaning towards stone you want to hear the truth, as some day you expect them to bring top dollar for your home.

As of late I have noticed a fairly inexpensive renovation receiving a great deal of attention when potential buyers look at a home. If your hot water heater is on its last leg don’t wait for an accident before replacing it. Any potential buyer will see that old hot water heater as a sign of something that will need repair shortly. Replace your old hot water heater with a new tank less hot water. The unit will save you money quickly on your electric bill. Being a fairly new technology the perception to a potential buyer is that you’re an excellent person to buy a home from. Last but not least, you may pick up some additional storage, which in some cases is the biggest win of all.

Renovations that return the most in any market place are a very regional decision. If you are planning on selling your home, in the next few years, call your REALTOR® before you start any major renovation, they will be glad to help you make decisions and it will serve you both well down the road.

About the AuthorFort Lauderdale Realtor, Eric Miller is a broker associate /owner with Keller Williams Realty in Fort Lauderdale. Eric Miller and Associates is an award winning team of Ft. Lauderdale realtors and can be found on line www.FortLauderdaleGroup.com. Thinking about purchasing a home in the Fort Lauderdale area Eric Miller provides complete access to all listed homes at Fort Lauderdale Homes for sale. Thinking about a Fort Lauderdale Condominium, you can view every Ft. Lauderdale Condo for sale at, Ft. Lauderdale Condominiums for Sale. Eric and his team have worked in the Fort Lauderdale Real Estate market for over ten years and Eric was a top agent at Prudential prior to joining Keller Williams.

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5 Low Cost Ways to Create a Green Home

Brian Kinkade — Sat, 04 Sep 2010 03:38:39 +0000

Going green is becoming increasingly popular. As such, it should come as no surprise to learn that homebuyers are regularly looking for homes with green features as they try to determine which one to buy. Therefore, if you are planning to put your home on the market, you might want to consider implementing these 5 low cost ways to create a green home in order to increase your chances of selling your home quickly and at the price you desire.

Green Home Tip #1: Replace Appliances

If you need to update your appliances, you should seriously consider purchasing those that are EnergyStar qualified. In general, these appliances do not cost any more than those that are not energy-efficient. Yet, they can potentially save hundreds of dollars each year in terms of energy cost.

Green Home Tip #2: Install a Programmable Thermostat

Turning your thermostat down when the weather is cold and up when the weather is warm can save as much as 3 to 5 percent of your bill for each degree that is adjusted. It is also a good idea to make adjustments to the thermostat while away at work or while sleeping at night. To make it easier to make these adjustments and to enjoy the energy savings, installing a programmable thermostat is a good idea that will certainly appeal to potential buyers.

Green Home Tip #3: Install Aerators and Low-Flow Toilets

Taking steps to reduce water usage will go a long way toward winning over potential buyers. To that end, you might want to consider installing aerators on your faucets and replacing the toilets with low-flow models.

Green Home Tip #4: Replace Your Bulbs

Replacing your incandescent light bulbs with compact fluorescent bulbs that are EnergyStar-rated will certainly please potential buyers. While this won’t necessarily increase the value of the home, it will help create a positive impression on the eco-conscious buyer.

Green Home Tip #5: Check the Insulation

Replacing insulation that has been compressed or damaged will increase the energy-efficiency of your home while also reducing your chances of getting hit with a bad mark on your home inspection. If you have less than seven inches of fiber glass insulation or less than six inches of cellulose insulation, you should add more in order to increase the overall effectiveness of your insulation. Putting an insulating jacket around the hot water heater and pipes will also help save on heating costs.

Of course, some of these eco-friendly changes might not be noticed by potential buyers unless your real estate agent points them out to them. Therefore, you should be certain to point them out to your agent in order to make sure he or she accentuates these features when showing them to a potential buyer. By making a point of showcasing all of the little steps you took toward making your home more eco-friendly, you will leave a positive impression on those who are looking on your home. In the end, these green features might be just the thing that sways a buyer to make an offer on your home instead of the other ones that are being considered.

Visit BuySarasota.com for your Sarasota real estate search. View comprehensive information on hundreds of condos and neighborhoods in Sarasota, FL. View details on thousands of MLS listings including downtown Sarasota condos and properties on all of the barrier islands.

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The Housing Market: A Choppy Recovery or a “Double Dip”?

Brian Kinkade — Sat, 14 Aug 2010 04:28:33 +0000

Despite a year of government effort, the recovery in the housing market that many pundits have convinced themselves is here appears to be stalling. It’s true that for a short while home sales rose, but as many predicted that was simply buyers getting in ahead of the expiration of the temporary government tax credit. To be eligible, buyers had to be in contract by April 30th and closed by June 30th. Once that deadline passed, sales went back into the doldrums. So the government extended the deadline. Sure enough, as the new deadline approached sales climbed again. But once again the boost appears to be only temporary. As a result, home prices have now fallen consistently for the past six months.

The government has tried everything it could think up to help. Obama hoped to prevent defaults with a plan designed to encourage banks to refinance the mortgages of those unable to pay. The Fed held down mortgage rates by buying up mortgage-backed securities. And Congress offered that enticing tax credit to qualifying buyers.

But even taken all together, these initiatives have not made any lasting inroads—in part because they can’t get to the real root of the problem, namely that affordability is no longer the driving factor behind many foreclosures. The problem now is negative equity. Everyone thought the typical individual most in need of help was the homeowner deeply underwater on his mortgage (owing far more than the house is worth in this market) and who then, say, loses his job. However that’s less and less frequently the case. Now we see a growing number of underwater borrowers who are merely making a practical business decision. They are simply walking away from mortgages that they can in fact afford, but that is on property they can’t see ever selling at anything but a huge loss. On top of that, banks are balking at rewriting mortgages, despite incentives to do so since too often borrowers default later on anyway. A nationwide spike in home sales would help reverse all this, but those tax credits seem to have done little more than move sales around—speeding up sales that would have happened anyway.

So the market stays becalmed. The steady drumbeat of foreclosures continues as the glut of available homes grows. By some estimates, it will take more than eight years of steady sales to clear the backlog of houses already held by banks, even if no more homeowners default. This overhead holds down prices, which in turn makes it that much harder for the homeowner with negative equity to “climb out” of it.

There are plenty of scapegoats—this administration, the previous administration, lax financial oversight, lenders too willing to lend and buyers too willing to borrow. But looking backward won’t get us anywhere. Historically, sustained housing recoveries are far more dependent on job growth than on anything else including interest rates, widely thought to be some kind of silver bullet. So disappointing jobs figures will always equal bad news for the housing market.

So will we stagger ahead with fitful progress, or slip back into the dreaded “double dip” recession? The answer lies in the jobs numbers. Keep a close eye on them. If millions of Americans continue to remain out of work, a turnaround could be a long time coming.

Dylan Taft is a tech savvy Ulster County, New York real estate professional, working with a small but, dedicated staff. Visit Dylan’s professionally optimized website for more information on the latest property marketing strategies, and details on the Ulster County real estate area.

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Denver Luxury Homes See an Increase in Buyer Activity

Brian Kinkade — Wed, 04 Aug 2010 03:28:05 +0000

According to Peter Niederman, who is the CEO of Kentwod Real Estate in Denver, it appears as if million dollar homes are faring quite well in the Denver Market.

“While our overall showing for all price points were down 10.1 percent in June, compared with June 2009, our million dollar-plus showings were up 8.2 percent,” said Niederman in a recent Inside Real Estate News article.

This observation is quite important to note, as this data gives a clearer idea of where the market is headed rather than focusing on where the market has been, as is the case with the Case-Shiller report that was recently released.

“I like the Case-Shiller report and I am happy that they compile it, but it looks backwards, and I’m interested in looking forward,” continued Niederman. “Traffic through homes is a leading indicator and one we are following closely.”

To that end, Carol Ihli, who is the co-managing broker at Kentwood, took a look at the showings that took place during the month of June. She found that there were 422 showings of houses priced at the $1 million or higher mark, which is far more than the 390 showings that took place in June of last year. Interestingly, she also found that 38% of these showings were in Cherry Hills Village, which is where some of the area’s most expensive homes are located. In keeping with these findings, previous reports also indicated that more six-figure homes were sold in June of this year than during the same time period in 2009.

So, just why are luxury homes seeing so much action? While there is no definite answer to this question, it is likely that many buyers are seeking out the bargains that the struggling economy has provided. After all, sellers are far more realistic today than they were during the boom days of the past.

“I think sellers are much more likely to be realistic of what they can sell their homes for in today’s market,” said Niederman. “ I think last year, they were holding on to unrealistic prices, while now they are willing to meet the market.”

Another reason for the growing interest may be the fact that there is now more money available for so-called jumbo loans, which are also available at much lower rates than last year. In fact, qualified buyers can now snatch up these loans with a 5 percent rate as opposed to the 6.125 percent rate they were facing last year. When applied to a million dollar mortgage, this rate difference translates to a savings of about $720 per month. Assuming the buyer hangs onto the home for the typical seven years, that is a savings of over $60,000 during that time frame.

“That provides a real incentive for someone to buy,” said Niederman. “And that is $60,000 that is tax free. If you were thinking of buying a home in the next year or two, and you can afford it, it probably makes sense to buy now to take advantage of depressed home prices and low rates.”

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Denver Luxury Homes See an Increase in Buyer Activity

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Rental Rates in Cherry Creek Shopping District Remain High Despite Vacant Retail Space

Brian Kinkade — Tue, 03 Aug 2010 13:50:22 +0000

Although the Cherry Creek North retail district is still bringing in the business, there are still nearly just as many retailers closing their doors in the district as there are opening them up for business reports the DenverPost.com. Why? According to many experts, the cost of renting a retail space within the district is simply too much to justify opening up a store there. Nonetheless, owners of the retail space would much rather keep the space vacant than bring down their rent expectations.

“Cherry Creek is still the strongest retail submarket in the metro area,” said Mary Beth Jenkins, who is the president of The Laramie Co. “This is a destination area that draws from a six-state region. Regardless of the economy and the vacancy, this is the one location in town that will be the last to crater.”

In other words, despite the economic downturn, retail space in the Cherry Creek North shopping district isn’t likely to see a rent decrease any time soon. With the popularity of the shopping district combined with the fact that the Cherry Creek North business Improvement District is moving forward with plans to invest $18.5 million into the district in order to install new benches, lighting, signage and landscaping, retail space in the area is simply far too valuable for the owners to justify bringing down the costs.

“Owners in Cherry Creek are sticking to what they used to be getting and saying they’ll just keep the space vacant,” said Susan Karsh, who is the managing director at Frederick Ross Co., which specializes in retail leasing. “Rents are all over the place because there are a lot of independent (building) owners in Cherry Creek North who can do what they please. Different landlords have different financial considerations.”

According to Julie Bender, who is the president of the Business Improvement District, a growing number of merchants are also deciding to purchase their buildings. Just last year, for example, Stephanie and Lee Prosenjak purchased the 10,500 square foot building that currently houses their Cherry Creek Dance for $4.96 million. Similarly, Max Martinez and Scott Seale recently paid $2.6 million for the 6,200 square foot building that used to house Smith & Hawken. The pair plans to relocate Max’s women’s clothing boutique into the building. Interestingly, the former owner, John Sheridan, never intended to sell the building. But, after Smith & Hawken closed its doors and he was unable to release the building, he decided to go ahead and sell the building.

While some owners are selling their buildings, yet others are taking steps to prepare for the future. Don Sturm, who is the landlord of the JoS. A. Banks, is planning to extend the storefront in order to make the buildings fronting Filmore Plaza more inviting and accessible by pedestrians. Others are reinforcing their buildings in preparation for adding condos on top once the housing market turns around. Of course, moving forward with some of these plans will largely depend upon the residents and the changes they allow to be made to the neighborhood.

Post from: Cherry Creek Today | News, Shopping and Real Estate In Denver

Rental Rates in Cherry Creek Shopping District Remain High Despite Vacant Retail Space

REALTOR® Carolyn Capalbo Works to Overcome Name Confusion

Brian Kinkade — Thu, 29 Jul 2010 00:21:46 +0000

Many have heard of Carolyn Capalbo. But, much to the chagrin of REALTOR® Carolyn Capalbo, the lady that springs to mind when hearing the name is not her. In fact, if one were to perform a Google search of the name Carolyn Capalbo®, they are likely to find numerous photos of a bikini-clad woman as well as numerous unscrupulous news articles. Why? Because REALTOR® Carolyn Capalbo shares her name with the mother of Ashley Dupre, who was the “escort” at the center of the Eliot Spitzer scandal.

Unfortunately for REALTOR® Carolyn Capalbo, the scandal has left a lasting impact on her and her career. Although the other Carolyn Capalbo was only the mother of the woman at the center of the scandal, she still managed to grab headlines and to have her name included in numerous articles about the scandal. Since many of these articles and the accompanying photos were posted to the Internet, they have remained online for several months. The result? Any potential client who performs an Internet search of the name “Carolyn Capalbo” are still greeted with unflattering photos and news articles that are certain to leave a negative impression.

Although Carolyn Capalbo the REALTOR cannot be sure of the impact this mix-up may have had on her business, there is no doubt that it has caused a great deal of confusion in her personal and professional life.

“The initial burst of phone calls surprised me,” said Carolyn Capalbo the REALTOR® in an interview with Real Estate Industry Watch. “Reporters were calling me directly looking for information regarding Ashley. Reporters were also contacting my Broker’s office looking for information. My own buyer’s agents asked me if I had another child from a previous relationship. My children were also questioned at school if they had an older sister or half sister.”

Fortunately, Carolyn Capalbo is part of a close family that has been able to weather the scandal nicely. Married for twenty years, Capalbo and her husband are the proud parents of triplets. Once a stay-at-home-mom, Carolyn Capalbo waited to start her career until after her husband retired from the Army. After enjoying significant success during her first year in the business, Capalbo knew real estate was her calling. Although she has a long road ahead of her in terms of cleaning up her name, Carolyn Capalbo the REALTOR® is certain to continue to enjoy the same success in the years to come as well.

Post from: Cherry Creek Today | News, Shopping and Real Estate In Denver

REALTOR® Carolyn Capalbo Works to Overcome Name Confusion

Cherry Creek Today » Denver Real Estate

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