For 26% of first-time home buyers, saving for a down payment on a home is the most challenging step in the home buying process, according to the 2022 Profile of Home Buyers and Sellers report by the National Association of Realtors® (NAR). Overall, it is very difficult for first-time buyers in this housing market. Of all […]
It’s time for your annual real estate checkup
To keep yourself healthy, you make sure to schedule an annual physical. To maintain your financial well-being, it is essential to schedule an annual real estate checkup. November is a great time to conduct that review so you can make any adjustments in the year ahead. If you’re not a homeowner yet or don’t own […]
Psychologically impacted or stigmatized homes
Halloween just passed — the time of year for haunted houses – or even downright spooky homes where strange, unusual or disturbing events have taken place. When listing a home with a real estate agent, sellers of psychologically impacted or “stigmatized” homes often ask if a seller needs to disclose a something such as a […]
Do falling home prices offset higher interest rates?
Now that interest rates have risen from the 3.5% range to the 7% range, will home prices decline to balance out the purchasing power? Looking at historical evidence, it shows that sharply rising mortgage rates tend to slow home price appreciation and affect housing market activity. However, nominal price appreciation in most of Colorado remains […]
Finding the Sun: Knowing Where the Sun is Relative to a Home
Where and how much natural sunlight illuminates the home throughout the year affects a variety of factors. (Photo: Pexels). When buying a home, many of our homebuyers will ask, “Where is the sun?” The immediate answer is “look up and see!” However, it is a bit more complicated than that. It’s essential to know where […]
Are there alternatives to foreclosure?
The years 2007 to 2012 were pretty rough for homeowners across the nation. Boulder County didn’t suffer nearly as much as other markets, such as Las Vegas and Phoenix, where homes lost a considerable amount of value. Boulder County has experienced a strong real estate market since 2012 and is still showing considerable strength. If […]
Tenant in Common (TIC) real estate investments
A Tenant in Common (TIC) investment is an ownership arrangement in which multiple investors co-own an undivided property and each investor has a percentage ownership. (Photo: Unsplash). For a real estate investor nearing retirement, the thought of continuing to manage property can seem burdensome. A Tenant-In-Common (TIC) investment could be just the ticket to feeling […]
Finding financing for renovation or house flipping
Sometimes the condition of the home to be renovated keeps the buyer from obtaining more traditional financing for the purchase. (Photo: Brett Jordan, Unsplash). The housing supply in the core and close-in areas of our Front Range cities is aging, especially in the single-family home category. There is a strong desire to live in […]
Where does Boulder’s water come from?
With ongoing drought in Colorado and news of the Colorado River rapidly drying up, water resources are top of mind. If you drive up Flagstaff Mountain and look across the sea of homes on the eastern Colorado plains, the striking view will compel you to ask, “where is the water supply coming from for all […]
Using a vision study to increase the value of your property
The value of real estate is often determined by its potential. (Photo: Pexels). The value of real estate is often determined by its potential. When a seller places a property on the market, they often have not done any research as to what the best use of the property might be. Knowing exactly what […]