Changes are taking place in the real estate market due to the Coronavirus pandemic. (Photo: Bigstock). The coronavirus pandemic has hit the global and national economy, but as stay-at-home orders have been gradually lifted, changes are taking place in the real estate market. To learn how COVID-19 has affected our local residential real estate […]
Coronavirus and Real Estate: Counting Our Blessings
Everyone morning when we wake up, we have to wonder, “when will this all end?” But in fact, that’s the wrong question. The coronavirus will not just end on a specific date. The question should be: “How should we adapt and change to deal with this virus, […]
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, […]
Average and median prices of single-family homes
(Photo: Bigstock). Over my career, many people have asked me about the pricing hierarchy in our real estate market. By pricing hierarchy, I mean comparing the average and median prices of homes in our various market areas. California first coined the term “drive until you qualify,” as in the distance you have to drive from […]
“Instant Offers” or iBuyers – What’s it all about? – Part 2
“Instant offer” or iBuyer programs – that are grabbing so much attention in the media – are based on the concept of a company buying a home directly from a home seller with a cash offer often without having to clean or stage your home. As I describe in Part 1 of this article, this […]
Real Estate “Instant Offers” or iBuyers – What’s it all about? – Part 1
You may have heard “instant offer” commercials aimed at homeowners who want to sell their home quickly online for a cash offer. The “instant offers” or iBuyers concept is not new. In 1978 when I started my real estate career, our company offered a guaranteed sales program for home sellers. The program was used to […]
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 Closing Instructions form for real estate transactions as of July 1, 2019
The newly created Closing Instructions forms will be mandatory for use by licensed real estate professionals as of July 1, 2019. r Due to the passage of Colorado House Bill 19-1098 known as “the deeds bill,” changes have been made to the Colorado Division of Real Estate’s standard form, Contract to Buy and Sell Real […]