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 […]
Rising interest rates decrease purchasing power
In general, as interest rates rise, the homebuyer loses about 3% of purchasing power for every .25% in interest rate increase. Today’s market is tough on first time buyers. The inventory of homes and condos purchased by first-time buyers continues to be low, and along with inflation, home prices are being pushed upward in […]
Financing options when interest rates rise
The 30-year mortgage has been the mainstay of American homebuying for decades. The 30-year mortgage came about as a result of the housing crisis of the 1920s. Back then, a typical mortgage was three to five years with a variable rate, and payments only covered the interest. Often, large down payments were required. The most […]
Rising mortgage rates…To lock or not lock? That is the question!
To lock or not to lock, that is the home buyer’s choice. However, buyers need to understand this is a commitment from both the mortgage lender and themselves to close at the agreed upon interest rate. (Photo: Pexels). Over the last several years we have enjoyed record-low mortgage rates with a sense of stability. The most […]
Reasons for the shortage of homes to buy, Part 1
According to Todd Gullette, RE/MAX of Boulder Managing Broker, the start of 2022 showed a continuing record-low number of homes available to buy. In fact, as of March 2022 there were only a total of 307 single family homes listed as available in the IRES Multiple Listing System (MLS) in all of Boulder County. For […]
Colorado construction defect law and the build-to-rent trend
Colorado’s first construction defect law dates back to 2001 when the first version of the Construction Defect Action Reform Act (CDARA) was introduced. Since that time, CDARA has created the framework for how construction defect litigation and arbitration are conducted in the state of Colorado. The state legislature has made several amendments to CDARA […]
Community and Passion Propel RE/MAX of Boulder & RE/MAX Elevate to ‘Outstanding Brokerage of the Year’
RE/MAX of Boulder and RE/MAX Elevate management team — Tom Kalinski, Lisa Wade, Todd Gullette, Jay Kalinski, Duane Duggan (not pictured). RE/MAX of Boulder and RE/MAX Elevate, were together named 2021 Outstanding RE/MAX Brokerage of the Year by RE/MAX International. Boulder County residents know the best when they see it — the best place to […]