When interest rates decline, you might question whether refinancing is worthwhile. It could be a good idea to check your current home interest rate and determine if refinancing might be beneficial. According to Freddie Mac, the average interest rate peaked at 7.79% in October 2023, but as of August 2024, it has decreased to 6.46%. […]
Real Estate Investment Information
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Realtor for Life: Increase the velocity of your wealth with an Accessory Dwelling Unit (ADU)
An Accessory Dwelling Unit (ADU) is an additional living space that includes its own kitchen, sleeping area, and bathroom. An Accessory Dwelling Unit (ADU) is an additional living space that includes its own kitchen, sleeping area, and bathroom. Regulations for ADUs differ nationwide. In Boulder, ADUs can be either attached to or separate from a […]
College home buying starts now – Part 2
Buying a home for your college student is a major decision. By consulting the right professionals, you can develop a housing plan that offers numerous short and long-term benefits for both your student and your family. In Part 1 of my previous article, “College Home Buying Starts Now,” I explored how buying a condo or […]
College home buying starts now – Part 1
A college property purchase can prove to be an astute financial investment as well as a superb learning experience for the student. Every August in college towns across the country, college students start to return for the fall semester, resulting in a frenzy of real estate activity. Because rental housing tends to be tight in […]
Saving the family vacation home
The idea of having a vacation home can be very exciting. In fact, many Colorado residents do have vacation homes in ski country, or in the islands to get out of the snow. The idea of owning a vacation home is very appealing to many, including Colorado residents who often own properties in ski country […]
Buying a 4-unit apartment for your first home
In response to the increase in property values, the FHFA has declared an increase in the maximum baseline conforming loan limits for Fannie Mae and Freddie Mac-acquired mortgages for home loans in Colorado for the year 2024. Typically, when individuals embark on their journey as first-time home buyers, their initial considerations often revolve around condominiums, […]
Evolution of broker agency and commissions in a real estate transaction, Part 2
Like a listing contyract, where the Seller employs the REALTOR, the Buyer Agency contract creates an agreement where the Buyer employs the REALTOR to represent. In Part 1 of this two-part series, I discussed the history and evolution of seller agencies, buyer agencies and commissions in real estate. The Division of Real Estate in […]
Evolution of broker agency and commissions in a real estate transaction, Part 1
In 1994, Colorado created new working relationships for the public in working with real estate brokers. In the beginning – before 1994, that is! – life was relatively simple for real estate buyers and sellers concerning their relationships with their real estate brokers. There simply was a Seller Agency. Every broker relationship was a Seller […]
Variations of 1031 Real Estate Exchanges
If you own investment real estate and aim to advance your position on the investment ladder, a 1031 Exchange could be an ideal strategy. When people hear the term “1031 Exchange,” they often perceive it as challenging due to the assumption that finding a direct exchange partner might be difficult. However, Section 1031 of the […]
You might be a real estate professional
If you own several properties, you may want to check with your CPA to see if you qualify – in the eyes of the Internal Revenue Service (IRS) – to be classified as a real estate professional. The IRS has a special provision with specific criteria to determine if you qualify as a real estate […]