by neil kearney | Nov 11, 2010 | Boulder County Housing Trends |
In today’s slower real estate market a seller has two choices be compelling to the market and have a chance to sell or be just another listing and face the real possibility of staying on the market for a very long time.
What I’d like to talk about today is being competitive in the market. The main variables a seller has control over is the price they ask for their home and condition and/or upgrades of the home. I have represented these two variables on an axis below so that I show you what I’m thinking. Basically, if your home is in great (and I mean exceptional) you can ask a high price compared to similar homes on the market. If your home is in poor shape you have to ask a lower price. This is not rocket science but it gets trickier when a house is somewhere between the extremes. It is in okay condition and has a middle of the road price. Looking at the chart below you can see the line running at 45 degrees. Think of this as the success line. Every house that fits above the line (price vs. condition) will most likely end up in a successful sale. Every home below the line will wallow until the price or the condition changes enough to get it above the line.
Right now the market is fairly slow. There are fewer buyers out there. This means that competition for sellers is tough. In order to be compelling to the small pool of buyers they have to bring a more compelling product to the market. This means that the line has shifted, sellers have to either improve their home to sell it for the same price or reduce their price to make it work.
Knowing where you are is the tricky part. I help my clients by giving good feedback and keeping them abreast of the market as it changes. The information you used to list your house is no longer valid. Get it priced right and have your house show the best it can. If you can’t afford to make improvements up front, lower your price. It’s simple economics.
by neil kearney | Oct 16, 2010 | Real Estate 101 |
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 every picture on every wall?
We make assumptions like our house will always be there when we return or that we would remember what we have. Well, both of these are just assumptions. Material possessions don’t rule my life but I wouldn’t want to be wracking my brain for six months trying to remember so here is a tip. Do a home inventory and store it somewhere safe.
I haven’t checked the security of it but I have found an online solution that can work in conjunction with photos and videos to keep track of your possessions. This will significantly speed up the time needed to settle an insurance claim and will help you determine if you have the appropriate amount of coverage. The site is www.KnowYourStuff.org and it is free. Check it out and just do it.
by neil kearney | Jun 14, 2010 | Colorado Lifestyle |
I put together this slideshow which shows just some of the public art in Boulder. Is there a significant piece that I left out? Let me know. Enjoy!
http://static.animoto.com/swf/w.swf?w=swf/vp1&e=1276531081&f=rZpDVMzDDqKDH0P0e13fWA&d=215&m=p&r=w&i=m&ct=For%20more%20on%20Boulder%20Click%20Here&cu=http://www.TheBoulderblog.com&options=
by neil kearney | May 18, 2010 | Colorado Lifestyle, Photos |
The weather is just getting good and right now is a wonderful time to take advantage of the panaloply of open space trail opportunities in 
Boulder County. Last evening I took a mountain bike ride from my house in Gunbarrel along the East Boulder Trail, the Gunbarrel Farm and to Boulder Creek along the White Rocks Trail. All of the above mentioned trails run into each other and provide a secluded area to walk, run, bike or ride a horse while surrounded by rolling rural hills.
The views are wonderful, especially when the countryside is a vibrant green. For a link to a wide variety of trails in the Boulder County system click here.
Large map of the East Boulder – Gunbarrel Farm – White Rocks Trail
by neil kearney | Feb 8, 2010 | Colorado Lifestyle |
http://vimeo.com/moogaloop.swf?clip_id=9305473&server=vimeo.com&show_title=1&show_byline=0&show_portrait=1&color=ffffff&fullscreen=1
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!
