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 […]
At home at the beach: Ensuring a blissful vacation home purchase experience
Row of beach vacation homes. (Shutterstock). Brrrrrr! When January hits Colorado, thoughts turn to finding warmth! A ten-degree day tends to spark daydreams of basking on the beach. Throughout the years, I’ve guided many clients toward Realtors® in their desired vacation spots. What I’ve noticed is that Coloradans often seek out sunny island or beach […]
Using a vision study to increase the value of your property
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 can be done with a property in the future will often bring added value to […]
You might be a real estate professional
If you own several properties, you may want to check with your CPA to see if you qualify – in the eyes of the Internal Revenue Service (IRS) – to be classified as a real estate professional. The IRS has a special provision with specific criteria to determine if you qualify as a real estate […]
Should I pay my mortgage off before I retire?
Your financial professionals can help you decide if you want your mortgage loan paid off at retirement or if any of these other ideas work for you. (Photo: Pexels). At first thought, it would seem to make sense – why not have your house free and clear and have no house payments in retirement? If […]
Increasing the velocity of real estate wealth by limiting capital gains taxes
If you own your personal residence in Colorado, you have probably noticed that your recent tax assessment increased by a large percentage. If you are planning to sell your home in the near future, the increased appreciation will result in the likelihood that you have a large capital gain tax bill to pay. The Taxpayer […]
Increasing the velocity of wealth with a vacation home
Owning a second home in the mountains or on the beach can be a wonderful experience. However, in most cases, it can be more of a liability rather than an asset. An asset is something you own that creates cash flow for you. In the case of a vacation home, especially if you leave it […]
Increasing the velocity of your Real Estate with a Reverse Exchange
Real Estate Exchanges have been the main stay of building real estate portfolios for years. The main reason for the popularity of Exchanges is it allows you to trade one real estate investment for another, while deferring taxes on that transaction. This enables a more rapid increase in portfolio size, since more equity can be applied to the […]