Better Boulder Buyers

IMG_1416Buyers representation is an important topic these days as shown by the recent story of a Lafayette couple unknowingly buying a meth lab as their new home.

Years ago only sellers had representation in a real estate transaction but today buyers can and should have a professional advocate too.  Buyer representatives owe full legal duty to their client making sure the buyer’s best interests are Read the rest of this entry »

Meth Labs – Boulder Buyers Beware

12414930_sBuying a new home is usually time for celebration.  But just imagine how your celebration would turn to panic if you were to discover, after the fact, that you just sunk your life savings into to a former meth lab.

This isn’t a story that just happens to “other people”.  It happened to a Lafayette couple.

It could happen to you too.

Here is the story Read the rest of this entry »

Leading the Parade

7314720_sIf you’ve ever been in a parade you know how thrilling it is to be at the front  where all the excitement and energy forms.  Performers feed off the crowd’s applause and the positive energy flow both ways.

Price Smart

That’s how I like to think when it comes to my favorite pricing strategy – Leading the Market.

Smart pricing gives the seller the best opportunity to deal with serious buyers who make solid offer(s) based on current market trends and give the quickest turnaround time for closing dates.

This strategy requires intimate knowledge of pricing trends.  It takes a high level of market knowledge, a detailed evaluation of the most recent comparable sales and a willingness to obsessively track the current competition.   That’s in addition to savvy marketing with leading edge tools and proven negotiation skills.

Best for Sellers

For the seller this is the best strategy for Read the rest of this entry »

Do You Think Like Dirty Harry?

Dirty Harry and Boulder sellers often think alike.  Overlooking all logical pricing rational the BIG question they ask is: “Do I feel lucky?”

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Feeling Lucky?

Taking a gamble on a listing price because a seller is “feeling lucky” is a strong warning sign to me because the ultimate outcome of this pricing strategy is usually a hugely disappointed and emotional seller with a devastated bottom line.

Honeymoon is Over

Unfortunately, the end result of this strategy is all too predictable.  The all important honeymoon period on a new listing is the first few weeks when a home is freshly listed.  The buyers are attracted like Read the rest of this entry »

A Rising Tide in Boulder Colorado

4060139_sQuietly yet consistently its happening.  The real estate tide is rising in Boulder.  Real estate inventory (supply of homes for sale) is at an all time low while sales volume (number of buyers looking for homes) is quickly on the rise.  This trend has been building for at least the past six to eight months in Boulder County.

Upswing 

Real estate trends run in cycles.  During an upswing, prices can rise quickly but they can get sticky and drop slowly on the downside of the cycle.  It seems we may be entering an upswing cycle with quickly rising prices.

Exciting Times

For sellers this can be an exciting time.  But because the market can change quickly its a critical time to get expert pricing advise in order to maximize a home’s value while minimizing risk and exposure.  Its one of the most important services I can provide my clients – careful, strategic pricing advise.

Analyzing the market for a new listing requires much more than simply pulling comparable properties.    Careful tracking of details while, closely monitoring the competition is how I begin the analytical process.

Three Kinds of Sellers

During a rising tide sellers often use one of three pricing strategies: Read the rest of this entry »

Boulder County Home Buyers Think Its Spring!

Snow is in the air but Boulder County home buyers are acting like its spring!

Saturday morning is a popular time for home buyers to go house shopping and last Saturday was no exception.  As I pulled up to a new ranch listing in Hillsborough West of Louisville the scene was a seller’s dream come true.

Multiple Offers

16545101_sOne agent was standing with her clients at their car on the street, papers in hand.  Another agent was having an animated conversation at the front door with his client’s family.  There was a third group talking inside at the living room window.  As I slowed to park, all heads turned and their eyes grew wide.  The feeling of competition was palpable.  It was the perfect situation for the seller and the multiple offers they surely received later that day.

The Time is Now

Just last week I had a seller tell me they were going to wait until spring to list their home.  My answer is spring is here, now!  Buyers are seriously looking.  Demand for homes in Boulder County is high, inventory is low and historically low interest rates allow buyers to get more home for their money.

Proper Pricing is Critical

Sellers traditionally wait until the warmer weather buying season to put their homes on the market but my advice is to take advantage of the current situation and list now if you are ready.  I’m happy to work through pricing options for you that will be successful in this competitive market.  Give me a call at 303-579-1617.

 

Art Walk in Louisville

5886536_sYou already know Louisville is a happening place on Friday nights in the summer thanks to the incredibly popular Street Faire.  But did you know that winter is also a great time to go downtown Louisville?

Have a glass of wine. See some art.  Feel the love!

First Friday Art Walk is this Friday, February 1st from 6:00 – 9:00 p.m.

Head downtown Louisville and explore the Read the rest of this entry »

Sellers Market in Full Swing

Have you spent the winter thinking that it might be time to sell your house?  Maybe move up to more square footage and nicer amenities.  Or possibly downsize to something with less maintenance and overhead?

Turbo Charged

Boulder and the surrounding communities of Louisville, Lafayette and Superior all are seeing significant sellers markets so far in 2013.  So much so in fact, that I have been advising my buyers to turbo charge their shopping strategy in order to position themselves for the best opportunities.

New listings are being toured the same day they come on the market.  In fact, I have alerts on my computer to tell me when new listings arrive that support my buyers needs.  If there is a possible match we are out the door that afternoon.

Are You a Smart Seller?

Smart sellers are those who have done their research, kept their property updated and attractive and priced their  homes right.  Those homes will likely go under contract very quickly.

The Numbers Tell The Story

Of the current single family homes on the market today here is the story for listings under contract:

Boulder: 41% under contract

Lafayette:  42% under contract

Louisville:  58% under contract

Superior:  64% under contract

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Own a Boulder Rental? Good for You!

248280_sNow is a great time to own a rental unit in Boulder and Broomfield Counties.  According the latest Denver Metro Apartment Vacancy and Rent Survey, released Thursday by the Apartment Association of Metro Denver and the Colorado Division of Housing Boulder and Broomfield Counties have the lowest vacancy rates and highest rent per square foot in the entire metro area.

You may have already guessed this if you are currently renting or have a college age child who is living in a rental.  The rental market is tight, choices are slim and you must be prepared to pay a little more.  The average monthly rent is now $1,103.61.

Good News for Investors

But if you are an investor this is all good news!  Interest rates are still incredibly low, even for investment properties.  And parents who have a CU/CSU student may find buying a condo investment property a better investment than renting.

If you’d like to run the numbers on a potential investment property just give me a call.  I’m happy to work it through with you.

 

 

 

 

No More Wait and See

13996287_sBuyers, let’s talk strategy.

Its a brand new year and if you are in the market to buy a home you need a brand new strategy.

New listings are hitting the market and being scooped up fast.

Boulder has 145 brand new listings as of January 1st. Can you guess what percentage are already under contract?

Answer: 26%

Lafayette has 92 brand new listings as of January 1st. The percentage already under contract?

Answer: 35%

Louisville’s 34 new listings are going fast. What percentage are under contract?

Answer: 37.5%

Superior has only 7 new listings but guess what percentage are under contact?

Answer: 57%

Are you surprised? A little shocked?

Now I want to remind you that the most attractive, best priced homes always go under contract first. Do I have your attention?

If you are serious about finding a new home in this market you will not be successful with a “wait and see” strategy. No more waiting until the weekend to go look at a new listing. No more watching to “see what it does”.

I’m advising my clients how to successfully respond to this market. They know I am ready to spring into action as soon as they ring the alarm. Like a fireman, I am primed and ready to go as soon as they request a showing. Quick response is critical if you are a serious buyer.

The market is tight. Inventory is low. Interest rates are low. Sales volume is rising. The best way to educate yourself is to look at homes as soon as they come on the market. This will give you a solid understanding of the market conditions. Then when you find “the one” you’ll be able to confidently and quickly make a smart decision.