The one year anniversary of the Marshall Fire in Louisville, Superior and Boulder County has just passed. The events of the last decade in Colorado, including fire, flood, wind and hail, have shown that most homeowners were under insured or lacked coverage in some areas at all. As homeowners, the responsible thing to do is […]
Why Invest in Real Estate in 2023?
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 […]
Comparing real estate investments
When an attractive investment property comes up, there will often be multiple offers in the first few days on the market. Therefore, as an investor, you need to be able to analyze the investment as quickly as possible to determine if it is right for you. The real estate investment market can move very […]
Home for the holidays – gift giving to first-time home buyers – Part 2
An exceptional gift idea is helping your relative or loved one with an interest rate or mortgage buydown (Photo: Pexels). The holiday season is upon us, and you may be thinking about finding a special or unique gift your family member or loved one could use for years to come. In my previous article entitled, […]
Home for the holidays – gift giving to first-time home buyers – Part 1
For 26% of first-time home buyers, saving for a down payment on a home is the most challenging step in the home buying process, according to the 2022 Profile of Home Buyers and Sellers report by the National Association of Realtors® (NAR). Overall, it is very difficult for first-time buyers in this housing market. Of all […]
It’s time for your annual real estate checkup
To keep yourself healthy, you make sure to schedule an annual physical. To maintain your financial well-being, it is essential to schedule an annual real estate checkup. November is a great time to conduct that review so you can make any adjustments in the year ahead. If you’re not a homeowner yet or don’t own […]
Psychologically impacted or stigmatized homes
Halloween just passed — the time of year for haunted houses – or even downright spooky homes where strange, unusual or disturbing events have taken place. When listing a home with a real estate agent, sellers of psychologically impacted or “stigmatized” homes often ask if a seller needs to disclose a something such as a […]
Do falling home prices offset higher interest rates?
Now that interest rates have risen from the 3.5% range to the 7% range, will home prices decline to balance out the purchasing power? Looking at historical evidence, it shows that sharply rising mortgage rates tend to slow home price appreciation and affect housing market activity. However, nominal price appreciation in most of Colorado remains […]
Finding the Sun: Knowing Where the Sun is Relative to a Home
Where and how much natural sunlight illuminates the home throughout the year affects a variety of factors. (Photo: Pexels). When buying a home, many of our homebuyers will ask, “Where is the sun?” The immediate answer is “look up and see!” However, it is a bit more complicated than that. It’s essential to know where […]
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 […]