A 1031 Exchange is a tax-deferred real estate transaction that “swaps” one investment property with another investment property under very strict IRS rules for the timeline and deadlines that structure the transaction. Recently, stay-at-home orders suspended in-person showings of properties, making it tough to identify a replacement property in a timely manner. This adds pressure […]
Real Estate Investment Information
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Stay at home and plan your next or first-time home purchase
Shelter-in-place and stay-at-home orders have had an immense impact on our lives. Owning a home and having a place where you feel safe has never been so crucial in recent history. While we are all staying home, it is a great time to get organized to ensure your next home or first-time home purchase goes […]
Interest Rates Are At a Three-Year Low. Should I Refinance?
It’s time to consider refinancing your mortgage again! According to Freddie Mac, the average interest rate on a 30-year mortgage on February 6, 2020 was 3.45%. The last time rates were in this category was on July 7, 2016 when Freddie Mac reported an average interest rate of 3.41%. Rates this low don’t tend to […]
Why Invest in Real Estate?
Most people consider their single-family home they live in as an investment in real estate. In fact, when they fill out a financial statement, it is even listed as an asset. It’s true that the home will likely go up in value over the years, and as the loan is paid off, it could represent […]
Gazing into the 2020 real estate crystal ball
Don’t you wish you had a crystal ball with perfect 20/20 vision of the future of real estate? Colorado is an extraordinarily good place to buy real estate, but specifically, Boulder County is a prime location for purchasing property. Over the last 40 years I have been a Realtor® here, we have had solid real […]
At Home in Ski Country – Part 1
Summer has gone by fast! In Summit County, our ski country playground, there is already a hit of yellow in the aspen trees. If you are thinking of purchasing a second home in ski country, now is the perfect time to get started, before the snow starts falling. Over the years, I have found that […]
Real Estate: Refinance or not?
When interest rates drop, you might wonder whether or not it makes any sense to refinance. Interest rates for a 30-year mortgage loan are currently below four percent, continuing the opportunity to refinance at a historically low rate. When interest rates drop, you might wonder whether or not it makes any sense to refinance. Unfortunately, […]
Why use a Realtor?
Realtors are trained to negotiate and many Realtors have taken additional classes to obtain the Certified Negotiation Expert (CNE) designation in order to serve their clients even better. (Photo: Unsplash). What’s with the word REALTOR® in caps? Is it shouting the word? No, not at all. The word REALTOR in all caps, along with […]
Now is the time to buy college housing – Part 1
Every August, in college towns across America, college students start to return for the fall semester. This always creates a frenzy of real estate activity. The rental market is usually pretty tight in any college town. Because of that, many families consider purchasing a home for their college student to live in while attending school. […]
New Real Estate Contracts on July 1, 2019
On March 6, 2019, the Colorado Association of Realtors® (CAR) announced that Governor Jared Polis signed House Bill-19-1098, known as the “Deeds to Convey Real Property Bill” into law. (Photo: Mari Helin, Unsplash). When I first started selling real estate in 1978, the contract to purchase a home a home was only one page long. […]