Category Archive: Real Estate 101

How Interest Rates Change Real Estate Purchasing Power

Woman Signing a Check

Most real estate buyers can’t afford their home. A first time buyer who saves up for a down payment, has good credit still can’t afford their home. Being able to afford their home means paying cash. When a buyer says that they can afford a $300,000 home for example what they actually mean is that …

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The Personal Side of Real Estate Negotiation

Hear No Evil, See No Evil

There are many tactical ideas about real estate negotiation but in my opinion not enough is said about the emotional relationship between a buyer, a seller and an agent.  Buyers and sellers don’t often meet in person.  This can be a very good thing in many ways because the agents take the direct confrontation out …

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Interest Rates Super Low – Affordability High

Interest_Rates_August_2011

It seems like I have been saying this for years but now would be a fantastic time to buy a property.  As interest rates drop the payment on the mortgage falls.  What is surprising is how much.  Say you have a $300,000 mortgage at 6% right now.  6% used to be a great rate.  Anyway, …

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The Price Value Continuum In Selling A Home

price_condition_2

In order to sell a house in today’s real estate market a house must make a compelling case to the market.  Some things like neighborhood and location within the neighborhood you can’t control.  But set those aside and you are left with two key variables that are controllable and important to the sale. What I’d …

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Boulder County Property Assesments – What it means and how to appeal

Assessment_map

If you own property in Boulder County, you most likely received a 2011 Notice of Valuation in the mail this weekend. If you were like me seeing new assessed value of my property(s) was very interesting. As you look at your valuation notice here are a few things to keep in mind: The property value …

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Interested In Home Appreciation? How Accurate Are Online Calculators?

j0433093

FHFA.gov has a tool for estimating home appreciation.  It is called the Home Price Calculator.  All you need to make it work are two bits of information; the date and purchase price of the last market sale of a house.  Using these two data points FHFA uses their database to compute an estimated current value.  …

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Perception vs. Reality in Real Estate Negotiations

Perception vs. Reality in Real Estate Negotiations

You have probably seen the attached picture before – is it a picture of a young women or an old women? The answer is it depends on how you are looking at it. How you perceive it.   One definition of reality is: “all of your experiences that determine how things appear to you”. I …

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Cost vs. Value – Will Your Remodeling Project Payoff?

indooor outdoor living

I get calls all the time asking for advice on whether it would be smart to do a particular remodeling project around their home.  Many times it is tough for me to make the call for them.  I look at houses all the time and see what buyers like but in most cases improvements don’t …

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The Simple View of the Foreclosure Crisis

The Simple View of the Foreclosure Crisis

Foreclosures have been in the news for a number of years.  It goes in cycles.  I bought my first condo in 1992, it was a HUD foreclosure. The combination of loans with adjusting interest rates, too easy credit a few years back, overly optimistic buyers, falling values and a deep recession have brought us foreclosures in waves …

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Better Organized Than Sorry – Do a Home Inventory Now

The recent fires have brought an interesting question to mind.  Would you know exactly what you lost if you lost everything?  Sure you would remember your TV and your car and your appliances and your bed.  But would you remember the silver serving dish in the cabinet or what is on your storage shelves or …

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