Eldora Mountain Resort

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On a snowy February day like today, I can’t help but think it would be a great day to sneak up for some turns at Eldora.  Eldora Mountain Resort is located just 21 miles west of Boulder, just above Nederland Colorado.  It is an easy 30 – 40 minute drive up Boulder Canyon and RTD runs a bus from Downtown Boulder directly to the lodge.  We are lucky to have such a resource so close to town.

Just a few weeks back my son wanted to try snowboarding, so we thought Eldora would be a great place to learn.  The ski/ride school is a great place to learn and/or improve.  I would recommend it!

Customer Service – Quack or Soar

I’m in the customer service business.  Real estate is not a business of monopolies.  I know that if I don’t provide my clients a great experience they can and will use someone else.  At last count, there were over 1,200 Realtors in the Boulder area.  I don’t take my business for granted and work hard at what I do.  I strive to give my clients prompt, honest, intelligent and enthusiastic service.

The story below from Harvey Mackay gives a great example on the difference between poor service and extraordinary experience. 

Harvey Mackay tells a wonderful story about a cab driver that proved this point. He was waiting in line for a ride at the airport. When a cab pulled up, the first thing Harvey noticed was that the taxi was polished to a bright shine. Smartly dressed in a white shirt, black tie, and freshly pressed black slacks, the cab driver jumped out and rounded the car to open the back passenger door for Harvey. He handed my friend a laminated card and said: “I’m Wally, your driver. While I’m loading your bags in the trunk I’d like you to read my mission statement.”

Taken aback, Harvey read the card. It said: Wally’s Mission Statement: To get my customers to their destination in the quickest, safest and cheapest way possible in a friendly environment. This blew Harvey away. Especially when he noticed that the inside of the cab matched the outside. Spotlessly clean! As he slid behind the wheel, Wally said, “Would you like a cup of coffee? I have a thermos of regular and one of decaf.”

My friend said jokingly, “No, I’d prefer a soft drink.”

Wally smiled and said, “No problem. I have a cooler up front with regular and Diet Coke, water and orange juice.”

Almost stuttering, Harvey said, “I’ll take a Diet Coke.”

Handing him his drink, Wally said, “If you’d like something to read, I have The Wall Street Journal, Time, Sports Illustrated and USA Today.” As they were pulling away, Wally handed my friend another laminated card, “These are the stations I get and the music they play, if you’d like to listen to the radio.”

And as if that weren’t enough, Wally told Harvey that he had the air conditioning on and asked if the temperature was comfortable for him. Then he advised Harvey of the best route to his destination for that time of day. He also let him know that he’d be happy to chat and tell him about some of the sights or, if Harvey preferred, to leave him with his own thoughts.

“Tell me, Wally,” my amazed friend asked the driver, “have you always served customers like this?”

Wally smiled into the rear view mirror. “No, not always. In fact, it’s only been in the last two years. My first five years driving, I spent most of my time complaining like all the rest of the cabbies do. Then I heard on the radio one day that if you get up in the morning expecting to have a bad day, you’ll rarely disappoint yourself. He said, “Stop complaining! Differentiate yourself from your competition. Don’t be a duck. Be an eagle. Ducks quack and complain. Eagles soar above the crowd. That hit me right between the eyes,” said Wally. “That was really talking about me. I was always quacking and complaining, so I decided to change my attitude and become an eagle. I looked around at the other cabs and their drivers. The cabs were dirty, the drivers were unfriendly, and the customers were unhappy. So I decided to make some changes. I put in a few at a time. When my customers responded well, I did more.”

“I take it that has paid off for you,” Harvey said.

“It sure has,” Wally replied. “My first year as an eagle, I doubled my income from the previous year. This year I’ll probably quadruple it. You were lucky to get me today. I don’t sit at cabstands anymore. My customers call me for appointments on my cell phone or leave a message on my answering machine. If I can’t pick them up myself, I get a reliable cabbie friend to do it and I take a piece of the action.”

Wally was phenomenal. He was running a limo service out of a Yellow Cab. I’ve probably told that story to more than fifty cab drivers over the years, and only two took the idea and ran with it. Whenever I go to their cities, I give them a call. The rest of the drivers quacked like ducks and told me all the reasons they couldn’t do any of what I was suggesting. Wally the Cab Driver made a different choice. He decided to stop quacking like ducks and start soaring like eagles.

Just remember…Ducks Quack, Eagles Soar.

Do I quack or soar?  hmm

Buying a HUD Home

According to Hud.gov, a HUD home is “a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.”   It is a home that is for sale by the government and is sold via auction.

In order to make an offer or view a property owned by HUD a buyer must work with a broker certified for HUD home sales.  I just happen to be certified and would be happy to help you see or make a bid on a HUD home.

To search for a HUD home in Colorado click on the photo below.

Search for HUD Homes Here

Boulder Real Estate Weekly Activity Index

The real estate market in Boulder County is starting to get its legs for spring.  Showings have been very strong for this time of year but up until this past week contracts have been lagging.  The chart above shows two data sets collected every Thursday morning since last April.  The blue line shows the number of homes that went under contract during any given week and the red line shows the number of properties that sold during any given week.  You can see that the sales for January reflect the typical slower activity over the Holidays.  However, the far right side of the blue line shows a definite trend toward strong activity for the spring.

 

Real Estate Negotiation Tips

A good negotiator is someone who always gets what they want. Right? I say, not always. Being a good negotiator to me is someone who can give themselves or their clients the best chance to achieve their goals. Giving you the best chance does not always mean you will get exactly what you want. In order to achieve sustained success, a negotiator must go for Win-Win, not Win-Lose. A successful negotiation substantially meets the goals of all parties involved.

 

Right now in the Boulder area real estate market buyers have the perception that they may be able to get a great deal on a home. It is true that there is more inventory out there and a portion of those sellers are quite anxious to sell. I have seen lately many offers well below full price and it takes a delicate touch to try to meet somewhere in the middle. Here is what I try to do to give the offer the best chance to come together.
  • Do our homework – find out what is reasonable. What have other houses actually been selling for? How much is the average negotiation off of full price?
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  • Establish goals – What would be an acceptable outcome. Begin with the end in mind and you have a much better chance to get there.  Be realistic.
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  • Understand the situation – Try to understand what situation your counterpart is in. Understanding is power. With every contact, I try to learn a bit more about where the other people are coming from. Many times, after making an offer, it is the first counter that gives you the most information.
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  • Keep the lines of communication open – As a Realtor I need to represent my clients to the best of my ability, but I have found that being adversarial to the other side doesn’t get you anywhere. I try to keep on very good terms with the other agent. I find that this helps in coming to a successful closing. If we become adversarial along the way it is very hard solve all of those little details that come up between contract and closing. I try to treat other Realtors well, so the next time we are working together they can tell their clients I am easy to work with and to expect a smooth transaction.
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  • Remember that every situation is different – You never know what other people are thinking. You can guess someone’s motivations but you never know what are the true motives.  Don’t try to guess, try to learn, understand and adapt.
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  • Anticipate – I find that I am really able to help my clients by anticipating what may happen during a certain transaction. If we can talk about different scenarios before they happen they are easier to solve when they come up.