Thursday, December 31, 2020

Your Questions Answered: Best Home Buying Tips for First-Timers

Buying your first home is a big freaking deal. How do you know which loan is right for you? How do you swing the down payment? How do you ensure your offer isn’t too low or too high? What don’t you know that you don’t know? Ack!

Breathe, friend. The process doesn’t have to be painful.

To prep you for the journey, HouseLogic hosted a Q&A series on Facebook. Here are the top-10 Q&As from the first event, which was hosted by Meg White, the former managing editor of REALTOR® Magazine -- and a homeowner, herself.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Friday, December 25, 2020

Happy Holidays!

My real estate office bought each agent a gratitude journal for Christmas. I know intentionally recounting your blessings is not a new idea anymore, but bears repeating. 2020 was difficult in a lot of ways, and it's easy to become sad, angry and bitter. And I'm not going to presume to tell you that we have so much going for us, because I don't know how your life is currently unfurling. I do know that the current climate is more divisive than I recall in my lifetime. I know that the gap between the have and have-nots is growing and that a lot of people have lost someone they love this year. I also know that, perhaps despite first appearances, tragedy and emergencies bring out the best in people more often than their worst. The first thing I'm going to write in my journal is that I'm grateful for people. My wonderful, messed up, loving, confused, beautiful, confounding, trying their best community.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Wednesday, December 16, 2020

Put on Your Giraffe Ears

Dr. Marshall Rosenberg, founder of the Center for Nonviolent Communication, used a giraffe metaphor to describe NVC because giraffes have the largest heart and can see the whole landscape. The idea is that when we hear something that triggers us emotionally - maybe we're offended or afraid - we should make an effort to tune into what others feel rather than judge or get defensive.

Easier said than done, I know, especially in the current climate. I've found it comes in quite handy in real estate, and of course, in my personal life, as well. If you can for a moment, trust just enough that the other person is only trying to do what you are doing - get their needs met - and you are better able to really hear what they are saying than hear an attack. If you can refrain from forming your next argument in your head, or allowing your emotions to make you believe someone is trying to hurt you, you have a far better chance at resolving whatever issue is in front of you.

When I was growing up, my father expressed himself often and loudly. There wasn't room in the household for opinions or emotions other than his. I didn't realize it until my mid-30s, but I took from that a strong desire to not be, as I put it, "steamrolled" by another person. Whenever a person in my life expressed a need or dissatisfaction with my behavior, I would spike emotionally and attack in self defense. I couldn't see that the other person had unmet needs, and my reaction was often not in proportion to what was happening. It wasn't until my husband pointed out what I was doing that I examined the behavior and learned how to control it.

Guess what? Things worked out so much better! When I reminded myself that the other person wasn't trying to hurt me or make me feel stupid and allowed myself to more vulnerable, I was able to hear what was actually being said, even ask follow-up questions. I could help this person get what they needed without having to sacrifice myself.

As you can imagine, this skill comes in very handy in real estate negotiations. Clients and agents speaking for their clients are trying to get their needs met. They aren't accusing me of wrong doing or trying to screw my clients, so I don't need to counter-attack. The other trick to listening well is to try to hear the need - not the strategy. People often decide that they need something in their life without completely understand their motivations. The motivations are important, because there are often multiple ways to meet the need that have yet to be identified. Often what looks like opposing needs at first is often opposing strategies, and a little brain storming can result in a new approach that meets the needs of both sides.

I bring this up now as I am hopeful this new year can bring some healing and lightening of spirit. Next time you are feeling threatened emotionally, try taking a breath and calmly asking a question of the person talking. You'll likely be surprised at how they will open up when they realize they don't have to defend themselves against you, and you'll come to a solution faster than you think.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Saturday, December 12, 2020

Shopping for a Mortgage? Avoid These Mistakes

When buying a home, the mortgage process can be stressful. Don't fall for one of these missteps to ensure you get the best rates and terms. Also, contact me, I'm an Accredited Buyer's Representative and can help guide you through the process!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Tuesday, December 8, 2020

Colorado Gives Day

Sometimes life gets away from us, and we are so busy tending to our lives and loved ones that we forget those who might be struggling. I believe in giving back to the community that allows me to have a career in real estate through volunteering and giving charitably. During the year I do have occasions to donate to programs like Crayons to Calculators and Meals on Wheels, but I know that many non-profits rely on events like Colorado Gives Day to refill their coffers. This year, I tried to find a variety of causes in several areas within which I've worked:

Boulder Emergency Squad - A volunteer technical search and rescue team serving the people of Boulder County.  BES is dedicated to the preservation of life and property. BES is the primary dive rescue agency for Boulder County and works closely with the Sheriff's department, EMS, and fire-rescue agencies providing mutual-aid support for a variety of technical rescue incidents and emergency situations.

Broomfield FISH - The mission of Broomfield FISH is to meet our neighbor's basic human needs and provide them with hope and tools to rise out of poverty. FISH provides food, emergency financial assistance, and one-on-one mentoring support to Broomfield residents in need.

Community Reach Center - Through the passion and training of our employees, unwavering commitment to evidence-based practices, advanced technology, collaboration with community partners and provision of services in locations that are most convenient to access, we will provide the quality of mental and physical health services that enhances the lives of our clients and the well-being of our communities.

Habitat for Humanity - Partners with people in your community, and all over the world, to help them build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage and achieve the strength, stability and independence they need to build a better life for themselves and for their families.

Foothills Animal Shelter - Dedicated to providing support to Jefferson County through education, services that strengthen the human-pet bond, and human care for the animals we serve. Our values include a commitment to stewardship, positive culture, an innovative and inclusive environment, and relationship building.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Saturday, November 28, 2020

Appliance Lifespans and Cost to Replace

Appliance lifespans can be a key factor in helping you budget for the house you've got your eye on - or the one you already have. Access this worksheet to figure out how much that house can cost you in the next decade.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Monday, November 16, 2020

Common Mistakes For Sale By Owner Listings Make

This year I helped a former For Sale By Owner couple buy a house in Louisville. Last year, I helped my buyer clients buy their house in Erie. When they called to hire me, they said they appreciated my professionalism and recognized they needed an expert to assist them in a competitive seller's market. I was happy and grateful to help, and also wondered what we could've done together if I had been able to market their previous home.

Sometimes in a hot market, sellers figure they don't need a Listing Agent. Especially with the internet offering owners a way to list their property online themselves, sellers don't always recognize the value that a REALTOR brings to a transaction. I admit, I used to wonder about that myself. When I moved from Illinois a couple of decades ago, we sold our house ourselves and I'm embarrassed to say that we conducted it poorly and left money on the table. Now I know better. 

What are some pitfalls of selling by owner? 

  • PRICING. First and foremost, it's pricing the home correctly. Owners are often looking at public real estate sites that are estimating their home value using Automated Valuation Models (AVMs). These AVMs can't take into account all of the features and finishes inside your home, or what the hyper-local market is dictating. Sometimes they are relying on erroneous data uploaded by homeowners using the systems, throwing off the algorithm for an entire neighborhood. In addition, sellers will often pick a price based on what they've spent on upgrading the home. While this is understandable, it's easy to overestimate the return those investments will make. I spend several hours using multiple tools and resources to accurately price a home, because overpricing can cost a seller time and money.

  • NEGOTIATION. Another reason FSBOs don't typically get the sellers the results they want is the lack if negotiation experience. Understanding the dynamics of a negotiation with different types of communication styles takes practice. Knowing how far you can push an issue under what circumstances is the difference between getting to the closing table and having to start over again. Having been through the home selling process hundreds of times, I have a good feeling for what situations are common and what tactics will work.
  • PROPERTY ACCESS. Whether the sellers are working from home or away at the office, buyers may have decreased access to the property when they need it. If the seller is home, buyers can sometimes feel pressure to move quickly or not speak freely, when what you really want is for the buyer to get comfortable and picture themselves in the space. If the seller is not home, they may not have a way to check the credentials of those requesting access or keep the home secure during the showing period. And if a buyer can't see the home in a timely fashion, they will move on to other homes they can see.
  • MARKETING. Putting a sign in the yard and a listing on a public real estate site may not be enough. I spend a lot of time with my sellers discussing how to prepare their home for sale, taking an initial tour to discover any weaknesses that could affect buyer perception and desirability. We discuss ways to remedy or mitigate these features. I also bring in a stager who will advise on creating an appealing environment and prepare the listing for photographs. In these times, the services of a professional photographer are more important than ever. Virtual interactive tours are instrumental in getting lots of eyes on the listing while keeping everyone as safe as possible. Also keep in mind that, while a lot of people use the internet to begin their search not everyone is technically savvy, which could cause a seller to miss an entire segment of the population.
  • RESOURCES. Most homeowners don't know how to secure a title commitment, or even what it's for. They usually don't have experience in evaluating a buyer's ability to close. They may not understand the loan approval process or what they are legally bound to disclose about their property. Not only can this cause delays, but in a worst case scenario it could cost them a lot of money in a lawsuit later on down the line, much more than they saved on a listing fee.
  • EXPECTATIONS. A homeowner may be aware that the market is "hot" and that their neighbor got multiple offers and expect the same for themselves. They often aren't able to evaluate why and therefore make an objective assessment of what they can expect for themselves. They may not know what is normal for a transaction and make hasty decisions. Sometimes it can be hard to keep emotions from getting in the way of a successful outcome; I've seen clients want to cut off their nose to spite their face many times and had to work through the situation and remind them of their goals. 
Everyone wants a good deal, but price is not the only consideration of value. Statistics show that sellers who engage the services of a REALTOR usually net more money than if they sell alone. Just like any other professional, Listing Agents bring years of expertise and resources to the deal that save time, money and potential legal struggles. If you're still on the fence, contact me and I'll be happy to discuss your particular real estate needs.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Friday, November 6, 2020

Homeowner's Insurance - What You Need to Know

Buying a home involved many decisions. It's easy to get preoccupied with finding the perfect house in the ideal neighborhood while overlooking other critical decisions, like homeowner's insurance. What is it, and why do you need it?

Don't find out you're under insured after disaster strikes. Check out this guide on homeowner's insurance, including what's covered, how much coverage you'll need, and what affects the cost of your premiums. I'm an Accredited Buyer's Representative (ABR), and am here as your resource when it comes to navigating the home buying process.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Sunday, November 1, 2020

FOR SALE: 3202 Cimarron Place, Superior

 


Here is Colorado outdoor living at its best! Enjoy a coffee and watch the sunrise over the amazing open space behind this lovely 2-story home in Rock Creek. Step down from your deck and onto the trail that runs right behind the fence. Even the walk-out basement has a stamped patio and open space views! The basement is finished with a TV area and a large bedroom plus 3/4 bath. The owner was very thoughtful about maximizing storage with closet organizers, benches, and an impeccably neat pantry! And you won't believe the garage - decked out with a ton of Dream Garage cabinets and a ceiling hoist.

The interior boasts an updated kitchen with granite countertops, stainless steel appliances and a large island perfect for casual dining. The luxury vinyl floors are durable and can take whatever the kids or dogs dish out. Hardwood floors hide beneath them if that's your preference. The water heater, exterior paint and attic fan are newer, all the light fixtures have been replaced, the windows have plantation shutters and bottom-up/top-down blinds and the carpet upstairs has been replaced. 

There are 3 bedrooms upstairs plus a loft that could be converted to another bedroom if needed. With over 2500sqft there's plenty of room for everyone to have their own space or get together for game night! The Boulder Valley schools can't be beat, and the neighborhood amenities include pools, tennis courts, and a skate park. 

The listing price is $689,000. We've had a lot of activity in the past couple of days so if you'd like to see it you'll need to quickly - call/email/text me today!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Thursday, October 29, 2020

Louisville Water Rebate for Seniors

Boulder Valley is a great place to live, and the nation knows it. Thanks to word of mouth and Top Ten type lists the population keeps growing, which is driving up house values. That can make affordability a problem for groups like first-time buyers and seniors.

The City of Louisville is aware of this, and is offering a $100 water rebate to seniors who have paid property taxes in 2020 or rent in 2019. Certain qualifications apply - check out the details and apply with the city by November 30, 2020!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com


Friday, October 23, 2020

3Q20 Boulder County Statistics

Boulder County real estate continues to roar along with low inventory and multiple offer situations. This table shows the number of single family dwellings is down more than 27% from this time last year. The average time on the market and number of listings expiring as also down, while the percent under contract is up more than 50%.



Townhouses and condos are trending similarly when it comes to sales prices and time on market, but we are seeing a slight increase in the total number of active listings available. Anecdotally, I've heard the showing activity on these listings has slowed down, which is typically for any fall in a year that doesn't have COVID in it.


Interest rates are still historically low, and who knows what will happen after the election, so if you've been thinking of buying or selling there's no time like the present!



I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com



Monday, October 19, 2020

FOR SALE: 750 Pinehurst Court, Louisville


Gorgeous 2-story home in the golf course community of Coal Creek Ranch! Louisville has made so many Top Ten lists in the past few years when it comes to quality of life. Top rated Boulder Valley Schools, adorable downtown area with restaurants, shopping and breweries, lots of trails and open space to enjoy, and a short drive into the mountains for skiing and hiking.

Not to mention this great home...updated kitchen with granite counters, stainless steel appliances, new refrigerator and gas cooktop on the large island. On the main floor you'll find wood floors, an office that could be a 5th bedroom and large laundry/mud room that leads into the 3 car garage. 

The master bedroom can easily accommodate a king sized bed with end tables plus dresser, as well as a sitting area. The newly remodeled 5-piece master bath is bright and spacious with two closets. Head down the hallway to see the two large bedrooms with a shared bathroom that has also been updated. The carpet upstairs has been replaced, and the whole house fan supplements the central A/C unit to keep the house comfortable all year long.

Enjoy the beautiful fireplace while enjoying your coffee in your family room, and a second fireplace in the dining room. Not only do you get a plenty of common living area on the main level, but a large rec room in the basement! Another bedroom and bathroom round out the lower level. There's places for everyone to get a little privacy when needed, and also to come together for movie night or celebrations! The house has 2465sqft above ground and 3756sqft including the basement and is listed for $915,000.

The backyard has a deck and grassy area to play. You can hop on your bike and go for miles without ever having to cross a busy road. If you have children, they can walk to Monarch K-8 or the high school.

Check out the virtual tour and let me know if you'd like to see it in person. We had a lot of showings over the weekend but there's still time to get in!



I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Friday, October 2, 2020

10 Factors in Your Home that Will Affect Resale Value


From the number of bedrooms to the location, the characteristics of your home will impact how marketable it is in the future. Learn what counts when it’s time to list it. If you’re looking for a new home, be sure to work with an Accredited Buyer's Representative like me who can provide you with vital perspectives on resale value before you buy.



I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, September 28, 2020

Why Do a Listing Pre-Inspection?

If you've ever bought a used car, you are probably familiar with the term "certified pre-owned vehicle." These are cars that come into the dealership used, and undergo an inspection from the manufacturer. The factory identifies any faults and corrects them before putting them up for sale, often adding an additional warranty. Car buyers will pay a little more for these certified vehicles because they get peace of mind.


Performing an inspection before listing your property can offer potential buyers the same assurance. Just as you expect the buyer to be pre-qualified from a lender before submitting an offer, the buyer has a certain expectation that your home is ready to sell and that there won’t be any unpleasant or expensive surprises after going under contract. This gains trust from a buyer and sets a good tone for negotiations.

As the seller, conducting your own inspection is a valuable tool in defending your asking price.  You can also reduce the number of repair requests that may come up on the Inspection Notice.  Remember, if you find it, you can repair it. If the buyer finds it, you get to replace it! Having fewer items for the buyer to use as leverage increases the chances of making it to closing and not losing an opportunity. Having to come back on the market and find another buyer after a deal falls through upon inspection loses precious showing time, especially in off-peak times of the year.

Keep in mind that you are legally obligated to disclose to the buyer any knowledge you have about material defects to the property. The Sellers Property Disclosure is a good way to jog your memory and convey any information you have about the property’s systems and structure. If an inspection reveals something about the property that you did not previously know, you will have an obligation to relate it to the buyer.

RE/MAX Elevate works with several trusted and professional home inspectors, as well as home warranty companies, which offer several affordable policies. If you would like our assistance in setting up an inspection or have any questions about the process, don’t hesitate to ask!



I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, September 21, 2020

Boulder County 10 Vital Statistics


We continue to see a lack of inventory of single family homes, especially in the prices ranges below $500,000. The median and average sales prices continue to rise as buyers compete for properties and drive up prices. I have a couple who bought in Erie and bid $25,000 over listing price and, to the surprise of even the listing agent, the house appraised at the contract price. Then they turned around to sell their Lafayette home and are under contract for over 6% of that listing price.


Condos and townhouses are also seeing similar situations, although there is a slight dip in the selling price to listing price ratio. There are concerns about investment units in the City of Boulder as students at CU are facing virus concerns. If they decide to leave the city, it may flood the market with "kiddie condos," increasing supply and decreasing prices.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Thursday, September 17, 2020

FOR SALE: 1375 Abilene Drive, Broomfield

Looking for a home in the Boulder Valley School District? Want a location that gets you to Denver and Boulder quickly? Check out this 2-story home in the Miramonte neighborhood. Plenty of room for everyone with 4 bedrooms up and an additional bedroom in the finished basement. Enjoy a coffee on the back patio while you dream up your landscaping plans, or read a book in front of the wood-burning fireplace while the Colorado snow falls. 

The eat-in kitchen opens up to the large family room, filled with natural light. The formal living and dining rooms give you places to get a little privacy or entertain family for a holiday meal. Two bathrooms upstairs, a half bath on the main and a 3/4 bath in the basement, plus large laundry room and bonus basement room for toys, crafts or movies - 2712 total square feet - plenty of space for everyone's activities!

New roof, gutters, garage door, dishwasher, water heater. Washer and dryer included. Be sure to check out the virtual tour! Updated homes in the area are selling in the low $500s - this one is priced at $489,000, so bring your decorating ideas and the moving truck!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Thursday, September 10, 2020

4 Things Proactive Homeowners Do in September

Ah, September. School has started up again, the weather begins changing, and we're getting to our post-summer routines. Not that 2020 has had any normal routines, but our houses don't know that! Fall's cooler temperatures are perfect for deck and yard improvements. Here's some helpful tips to give our homes a little extra love.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Wednesday, September 2, 2020

FOR SALE: 2377 Cedarwood Cir, Lafayette


Don't miss this beautiful 2-story home in Autumn Meadows! Located in the Boulder Valley School District, this property is a short trip to Boulder or Denver for work or play. With 3 bedrooms up, and the loft that could be converted to a 4th, there is plenty of space for everyone. The laundry is conveniently placed upstairs and the master bedroom can accommodate even the largest bed! Have a soak in the remodeled master bathroom, find your comfy clothes in the large walk-in closet, and then head down for a beverage on the patio with awning, enjoying your garden and the fantastic Colorado weather.

The finished basement is home to the owner's exercise equipment, but could also be a theater, playroom, office -  you name it! The 3/4 bath would make it a comfortable and private guest room. The main floor boasts wood floors, gas fireplace, 1/2 bath and an eat-in kitchen. With 42" cabinets and under cabinet lighting, quartz counters, stainless steel appliances and double oven, you can jump right in to making your favorite meal.

The windows were replaced in 2016, roof in 2015 and interior paint in 2018. The whole house attic fan, central A/C, humidifier and Nest thermostat will ensure you are never uncomfortable. When you want to get out, the park is just a couple of blocks away, or you could hop on your bicycle and head for a brewery in downtown Louisville.

Priced at $579,900. Take a look at the virtual tour, immersive tour, and then give me a call to view in person!
  

I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Tuesday, September 1, 2020

Can an HOA Foreclose on Your Home?

HOAs - love 'em or hate 'em. On the one hand, they make sure that your neighbor doesn't paint their house Pepto Bismol pink. On the other hand, they can ticket you for leaving your garbage cans out too long. In Colorado, they can also put a lien on your property and foreclose in certain situations.


Under the Colorado Common Interest Ownership Act (CCIOA), HOAs can place a lien on your property if your dues account becomes delinquent. They may also be able to stick you with the late fines and attorney fees they incur while trying to get you to bring your account current. The HOA has 6 years to initiate the enforcement of the lien after the full assessment amount becomes due. This would be an amount equal to or exceeding 6 months of dues.

The other important thing to note is that this lien is first in priority over other lienholders, such as first or second mortgages, which means they can foreclose and get paid first. The only liens that have priority in this circumstance would be real estate taxes or other governmental assessments, and any liens which were recorded and acted upon before the HOA took action.

I've had plenty of clients who would not look at homes located inside a covenant controlled community, but if you choose to buy in one make sure you review and understand the rules before you close. Also, make sure you keep your contact information with them current so you don't miss any important communications.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Wednesday, August 26, 2020

Get DIY Inspiration to Makeover Your Home


I know many areas of the country are seeing a dearth of inventory, making it challenging for homeowners to up- or down-size their home. Many are choosing, instead, to renovate their current home. Save money with some do-it-yourself home upgrades. Check out these sites to get inspired and glean some project ideas to spruce up your nest!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Tuesday, August 25, 2020

Comparing the Candidates: Real Estate Issues

To say that there are strong feelings about this year's election would be an understatement. There's a lot to pay attention to, but let's take just one issue today and break it down. How do Trump and Biden approach housing issues?

Discrimination

  • Trump repealed the Affirmatively Furthering Fair Housing Rule, which requires jurisdictions that receive federal housing funds to assess any patterns of discrimination and plan to diminish them. Advocates say that the rule gave HUD the teeth to enforce provisions of the Fair Housing Act of 1968. Trump pursues actions that generally loosen regulations for various industries, and has stated that the AFFHR represents further government encroachment.
  • Biden, on the other hand, plans to use legislation to enforce fair housing policy, although he does want to prohibit certain local exclusionary zoning laws. He's interested in creating a Homeowner and Renter Bill of Rights to add more consumer protections in the lending process and housing access.

Affordability

  • The AFFHR repeal also broadens the definition of affordable housing and allows jurisdictions more leeway to decide what actions they need to take, if any. HUD Secretary Ben Carson says it will reduce the barriers to compliance for cities and developers. Critics say the subjectivity will scale down efforts to provide affordable housing. Trump's 2017 tax cuts also included incentives for developers to build in "opportunity zones." 
  • Like Trump, Biden takes a supply-and-demand approach to housing affordability. He has stated that he would invest $640 billion over the next 10 years to both provide direct financial assistance to consumers and increase support of other initiatives that address efficiency and accessibility.

Taxes

  • Trump's tax plan also limited the amount of state and local property taxes that people could deduct on their federal tax returns. The effects of this action were predominately felt in higher priced housing areas such as New York and San Francisco where mortgages regularly exceed the new cap.
  • Biden has said, if elected, her will roll back Trump's tax cuts. He has also mentioned enacting a $15,000 tax credit for first-time homebuyers.

Renting

  • The administration mandated a 4-month moratorium on evictions for federally assisted properties during the COVID crisis. His most recent order did not extend the moratorium but encouraged landlords to try to find ways to work with tenants to allow them to stay.
  • Biden would encourage localities to create "eviction diversion programs" including mediation and payment plans. He would also like to provide tenants facing eviction with legal assistance. He is calling for rental relief for those suffering from the coronavirus.

Homelessness

  • Trump has been very vocal in his criticism of the California governor and mayors in their handling of the homelessness crisis in that state. The coronavirus relief packages included nearly $3 billion in homeless assistance funding. 
  • Biden is taking a "housing first" strategy to address homelessness, calling for housing funding, vouchers and special programs for certain groups like veterans and the disabled.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, August 10, 2020

5 Questions to Ask When Buying a House

Visit houselogic.com for more articles like this.

© Copyright 2020 NATIONAL ASSOCIATION OF REALTORS®















I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Tuesday, August 4, 2020

Getting Your Property Ready to List

When I visit my clients' homes with my stager, I make sure to tell them that how you stage a home to sell if much different than how you live in it. Our goal is to make the broadest appeal to the most buyers as possible by decluttering, neutralizing colors/styles, and addressing repairs.

As a seller, it's in your best interests to know your property's weaknesses before being surprised by buyer feedback or inspection requests. Your agent should give you her opinion on your market challenges, such as backing to a busy road or having outdated finishes, and help you adjust your listing price accordingly. I always recommend that a seller pretend they are a buyer and walk around and through their house with a critical eye, trying to find anything a buyer could pick on. Often we live in our house and don't notice little things like missing trim or a leaky faucet. Not only could these things possibly result in a lower contract price but they can make the buyer wonder what else in the home has not been maintained that they can't readily see.

It's important that your major components are functioning correctly, like your HVAC system, roof, plumbing, etc. Buyers almost always ask for the HVAC system to be cleaned and serviced, so you might as well get it done before listing. This way, if you discover a needed repair you can also take care of it right away - if the buyer finds it during inspection, they may request a whole new system or a significant monetary credit. If you think there may be hail damage to your roof, you will then have time to put in a claim to your insurance company. A brand new roof is a great thing to advertise to potential buyers. If your systems are old but functioning fine, offering a home warranty for the buyer's first year may give them some peace of mind.

Some areas, like many of our Colorado neighborhoods, have issues with expansive soils. These can present as cracks in the drywall, sinking sidewalks, heaving garage floors, or worse - foundation cracks and shifting structures. Many properties here have cracks in their garage floors or walks, and sometimes it may be a good idea to have them mudjacked or repoured. If you've had to address structural issues in the past, it's worth it to hire a structural engineer for a current report that says everything is still performing well. Structural issues are the biggest red flag that buyers run away from, so doing your homework ahead of time will save you time on the market and dollars on the table.

Minor repairs may not seem like a big deal to some sellers if they've been living with them for a while. It's a used house, after all, but these are the kind of things that make buyers wonder if you have paid attention to regular maintenance. Plus, they are fast and relatively inexpensive things to take care of yourself or hire a handyman to do. Scrape and retouch any peeling paint on trim or siding. Make sure your toilets are tight to the floor and your downspouts have extenders. Remove moldy caulk and tighten that loose railing. Paint that red accent wall white and cover the exposed weedblock with more mulch.

If you tend to have a lot of furniture or accessories, removing everything you don't need for the next few months is the way to go. You're going to have to pack it sooner or later, so doing it now will allow buyers the mental space to picture their own furnishings in the home. If you have an off-site place to store things that's ideal, but the garage will work in a pinch. Just be sure that buyers can get into the garage and see the floors and walls during inspection. Having a few family photos up in okay, but take down that gallery wall in the hallway and fill all the nail holes. Remove religious or political items, and hide the deer heads in the basement for now. Stagers can help you rearrange furniture so that the rooms looks as big as possible, and add artwork and color to the spaces to give it a final polish before photographs and showings. 

Everyone wants top dollar when they sell; using a critical eye and being a ruthless buyer for a few minutes can help get you there. My stager and I are happy to come to your home and help you make a to-do list, even if you aren't going to be ready to sell for a while!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, July 27, 2020

It's Time to Define the Relationship

The sentence that has stopped many a date in its tracks. This conversation will be much easier, I promise, but not less important if you want to protect your financial interests. The working relationship you adopt with your real estate agent will outline their responsibilities and your risk. In the state of Colorado, there are 4 defined and allowable types:
  • Seller's Agent. A Seller's Agent is a representative of the seller, advocating for her client and looking out for their best interests. She prepares necessary documents and advises the seller on process and negotiations. Everything a client tells a seller's agent must remain confidential, and anything pertinent the agent discovers about the buyer must be reported back to the seller. The agent works on behalf of the seller with the utmost good faith, loyalty and fidelity. An agreement must be signed in order to create this relationship.
  • Buyer's Agent. As you can probably guess, the Buyer's Agent is a representative of the buyer. She advises, negotiates and protect the interests of her client, just as a Seller's Agent does. Everything discussed between the buyer and buyer's agent must remain confidential, and the agent must follow the buyer's directions as long as they are not illegal. An agreement must be signed for this relationship, as well.
  • Transaction Broker. A TB is a neutral facilitator of a transaction, and in the absence of a seller or buyer agency agreement this is the default relationship. Once an agent begins to act on behalf of another person, this relationship kicks in. The TB prepares documents and must keep information confidential, but they cannot advise a client on what to do or advocate on their behalf. This relationship may be retained if a client is uncomfortable with making a commitment to only working with one agent, or during a double-ended deal. This is when the agent is working for both the seller and buyer on the same transaction. In the state of Colorado, Dual Agency is not allowed, meaning the agent cannot be an advocate for both parties. The stats commission feels there is no way to accomplish this without a conflict of interest, but they do allow a TB to perform every other act necessary to complete a real estate transaction.
  • Customer. A customer is a party that an agent may be helping but with which she has none of the relationships above. An example of this would be an unrepresented buyer attending an open house that a Seller's Agent is hosting. If the customer requests it, a Seller's Agent can help the buyer draw up an offer for the property but remains loyal to the seller. This is permitted as long as the customer understands the restrictions of the situation and is comfortable representing themselves in the transaction.


Real estate agents are required to provide this information to a potential real estate contact as soon as possible during an encounter that may result in a business relationship. To protect the public, agents are encouraged to have these definitions printed at open houses and signed before touring houses together or otherwise exchanging any information besides pleasantries. If the agent you encounter doesn't explain the relationships above in some fashion before making inquiries into your real estate needs, this should be a consideration as you make decisions about with whom to work.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Saturday, July 25, 2020

5 Small Backyard Ideas to Make Your Cramped Outdoor Space Feel Like Versailles

Don't think of your microscopic yard as a curse. So what if it's technically a small, concrete slab that barely accommodates a half-sized Weber grill? Or if your flagstone patio is just big enough for you, a lounge chair and a good book? Your tiny outdoor spot is actually an opportunity to get creative.

To live large with a small footprint, try these functional tweaks to make your minuscule outdoor space feel like a palatial retreat.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Tuesday, July 14, 2020

Boulder County 2Q20 Stats

How we have fared through the most restrictive part of the quarantine is beginning to become apparent. For single family detached dwellings, we are down over 16% in active listings compared to this time last year. We can feel that, too, as there are once again multiple offer situations happening throughout the Denver metro area. The median and average sales prices have taken a small hit but I think that's due to the higher priced homes taking a little longer to sell resulting in a few more price reductions than normal. Homes under $500,000 are still going fast, and even the really rough properties are going under contract quickly to investors. 



We're seeing in increase in days on market of 3.4% for detached homes which is likely the COVID effect. Even though houses in certain areas are flying off of the market it is not the majority of properties. Buyers are getting more cautious and tired of getting beaten up by bidding wars and are less likely just to take whatever the seller is dishing out. Inspection repair requests should be taken seriously by the sellers that receive them as buyers are willing to walk if major concerns can't get addressed.


Attached dwellings - duplexes, townhouses and condos - saw an increase in total number of listings the first half of the year, with the median and average sales price also going up. Like detached homes, they are also generally sitting on the market a little longer than this time last year. Even so, we are still under the 4-6 month inventory rule of thumb that indicates a balanced market. 

I know Boulder County is unique in a lot of ways, so if you would like a market analysis on your area, don't hesitate to contact me - I do a lot of work south and east of my office and it's still a good time to sell!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, July 6, 2020

Broomfield Heights 2Q20 Stats

Second quarter stats are in for 1st Filing! The number of sales remains strong despite the virus interrupting market activity. 


However, our $/sqft slid more than 6% from this time last year. This could be partly due to more than 40% of the properties being sold off market, or not in the Multiple Listing Service. A couple of those were severely under typical market value. This lack of exposure to the general market can result in a seller leaving money on the table. 


Of course, we don't know all of the factors - perhaps there were structural or other large issues that necessitated a discount, or one family member was selling to another at an intentionally lower price. But without this information, these kinds of sales can affect appraisals and neighborhood appreciation trends. If you'd like a free evaluation of your home, don't hesitate to reach out!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, June 29, 2020

What You Need to Know About Researching Home Prices

When it’s time to sell your house, you may be feeling a little anxious. A chapter of your life is closing. There’s a lot of money on the table. You may be thinking “Is my house priced too high?" "Too low?" "Am I leaving too much money on the table?” These are big questions. Luckily, you have a few resources at your disposal to figure out where your house stands among the crowd: a listing agent's expertise and guidance, plus online property sites to get insight into the market.

So take a deep breath. Then do your homework. The more you know the more confident you'll be when it's time to make those big decisions.


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, June 22, 2020

What Do May's Numbers Tell Us?

May Boulder County stats have been collected and they are showing moderate decreases across the board since this time last year. However, it's still too early to tell if these numbers are reflective of the quarantine time when showings weren't allowed and listings were delayed, or if they are going to continue. With unemployment up and the number of mortgages in forebearance, there is more of a possibility that future foreclosures will alter the market later in the year. Even so, Boulder County has a long history of holding steady through crises.


Lawrence Yun, Chief Economist and Senior VP of Research at the National Association of Realtors, points to the number of homeowners who elected mortgage forebearance out of caution and not necessity. This would indicate that less people are seriously in danger of foreclosure this year than the numbers seem to point to.


Just like detached dwellings, there are less condos and townhouses on the market right now, so the number of properties under contract and closing are correspondingly down. Sales prices are up a tick, though, which is consistent with properties listed under $500,000. I was just in another multiple offer situation with a client this weekend for a townhouse in Broomfield, and another for a home in Louisville in the mid-$800s. If you're a seller who's been waiting to see what the market was going to do, give me a call for a specific analysis for your home and your neighborhood. There's still a lot of pent-up buyer demand, so you may discover that now is a great time to get on the market!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

Monday, June 15, 2020

Broomfield Heights Garage Sale Success!


This Saturday we had more than a dozen homeowners participate in the garage sale. When I made the rounds to drop off the maps and donuts, I was happy to see that just about everyone I saw was wearing masks and keeping their distance from one another. Some were providing electronic payment for items, reducing the need for contact. Some homeowners had even created large signs at the end of the driveway reiterating that they were enforcing the virus restrictions.


Thank you for those who went to all the trouble to join in! If you live in the neighborhood and would like to be included in next year's email list, let me know. Or you can follow this blog or my Facebook page, Broomfield Heights 1st Filing, for announcements about next year's sale!


I would love to help you with your real estate journey. 
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com