As mortgage rates rise, it isn’t quite as easy to come up with alternative financing ideas as in “the olden days”! However, there are a few alternatives that are still out there. When interest rates on mortgage loans climbed to historic levels in the 1980s, it was very hard for the consumer to secure a […]
Spring Has Sprung in the 2024 Real Estate Selling Season
The real estate selling season is in full swing. Typically, the greatest number of home showings take place from the start of Daylight Savings Time through July, making right now PRIME TIME! Home closings tend to peak in July, after the greatest number of showings have occurred. If you remember the classic “Candid Camera” TV […]
New home construction purchases
Owning a home is integral to the American Dream. Owning a home, built specifically for you, with the opportunity to choose colors, floor plan, appliances, and every detail, is truly unique and special! Real estate markets experience cyclical patterns – they always have and they always will. Since I embarked on a career 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 […]
New home construction purchases
Owning a home is integral to the American Dream. Owning a home, built specifically for you, with the opportunity to choose colors, floor plan, appliances, and every detail, is truly unique and special! Real estate markets experience cyclical patterns – they always have and they always will. Since I embarked on a career in real […]
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 […]
Homebuyers gain some purchasing power through higher loan limits and lower mortgage rates
In response to the 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. As we enter 2024, prospective homebuyers are facing challenges including relatively stable housing prices and an ongoing shortage of […]