Blog On Main Street

by Cory Nickerson, LRA Associate Broker 

No surprise...I meet a lot of home buyers.  When we get to talking about how they will be financing their new home, which usually involves a mortgage, many folks feel fairly well versed on the home buying process. However, I notice there are usually still quite a few gaps in their knowledge about what to expect when financing a home.

I thought I would write up a blog this week addressing some things you may not know about your lender (or potential lender).  I've noticed that a lot of home buyers don't learn these facts until they are far down the path of applying for their mortgage or even after they close. I would like to help you avoid any unpleasant surprises! 

    1. Your mortgage company will probably
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by Will Sanford, Interior Design Writer 

Moving into your first apartment will be one of the most exciting changes in your life. You’ll be able to experience all the thrills of living alone, an experience that will help you become a more responsible, independent individual. However, although this will be a thrilling, life-changing experience, it will also bring certain challenges that may make this period stressful and exhausting. Thus, it’s important that you know some of the dos and don’ts of moving into your first apartment.

Do Take Your Time

Moving away from home and into your new apartment is a major step, so you shouldn’t rush it. You should take some time to research your options and find an apartment that will meet your needs. Make sure

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Whether you plan to sell your house or continue living in it, investing in a few basic renovations and improvements is important. Not only does this make your home more comfortable to live in, but also has a positive effect on the current value when you’re start looking for buyers!

Think of these 5 upgrades to boost your home’s value:

1. Kitchen Re-Styling – Making improvements to the kitchen is one of the best ways to increase property value, so make this area a priority. Modular kitchens are both practical and attractive, making them the most popular choice for any home. Invest in fresh paint, tiles and backsplashes, new fixtures and appliances, and inexpensive luxuries such as water heaters and purifiers.

2. Bathroom Revamp – Bathroom

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by Robert Kelly, LRA Owner & Managing Broker

Louisville Realty Associates is proud to announce our repeat partnership with A Precious Child to host a "Fill A Backpack Drive" to collect backpacks and school supplies for Colorado kids in need.  Our drive runs through July 20, 2018 and needs your help!

There are more than 180,000 Colorado children living in poverty. Children living in poverty often lack the basic essentials critical to academic achievement. Please help us collect the items needed for school kids in need including: backpacks, large erasers, glue sticks, bottled glue, scissors, pens, crayons, markers, colored pencils, pencils, loose leaf paper, spiral notebooks and composition notebooks. For a full school supply list visit here. 

Logo for A Precious Child with young school children running through the halls of a school

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By Heather Neves, Sr. Editor, Webeazey

Are you planning to sell your house? Well then, get it painted!

It is common sense that houses sell better when they are beautifully painted. If you are planning to list your house for resale, painting is one of the most cost-effective techniques to increase the value of your house. Paint is considered one of the least expensive returns on an investment!

Research shows that painting the interiors increase the value up to 105%, while the exteriors increase up to 57% on ROI. Color choices make a huge impact on the home buyers. It is a powerful tool that attracts prospective bidders and buyers. According to top real estate agents, colors can either make or break the image of a house.

Modern living room with full length glass doors painted in white

So what paint

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BY CORY NICKERSON, LRA ASSOCIATE BROKER

You found your dream home - a lovely turn of the century home lush with trees on the largest lot in the neighborhood. It took some work, but you won out over the other buyer competition, which is no small feat in this competitive market.  Your lender says you are a "shoe in" for the financing you need, which gives you great comfort. But then the inspection report comes in.  

You hear things like "Radon is measuring higher than the EPA recommendations".  You read on and mutter to yourself, that the fireplace did look pretty old and dusty and could use a service maintenance visit. And why is the seller providing you with a "Lead-based Paint Disclosure"?  Then you come to the sewer scope report, which says

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by Maria Villeza, Elder Impact

Whether your parents are downsizing to a new, smaller home, a senior living community, or an assisted living facility, the process of downsizing can be a lengthy and emotional one. Leaving a family home, friends and neighbors, and a community they have been part of for so long is not easy, even if they are excited to start a new chapter of their lives or be closer to family. If you are helping your parents downsize, this article will be of great help.

Start as Early as Possible

Beginning the downsizing process sooner rather than later helps in a few ways. First, it gives you more time to help your parents sort their belongings and determine what to pack long before you have to start finding boxes. Your parents

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by HouseLogic, REALTORS®

When it comes to buying a house, most people know what they prefer: a bungalow or a condo, a hot neighborhood or a sleepy street. But, mortgages, too, come in many styles — and recognizing which type you should choose is just slightly more involved than, say, knowing that you prefer hardwood floors over wall-to-wall carpeting.

First things first: To pick the best loan for your situation, you need to know what your situation is, exactly. Will you be staying in this home for years? Decades? Are you feeling financially comfortable? Are you anxious about changing loan rates? Consider these questions and your answers before you start talking to lenders. (And before you choose a lender, read this.)

Next: You’ll want to have

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By Rob Kelly, LRA Owner & Managing Broker

Louisville, Colorado remains a hot seller's market, with very little inventory on hand for eager buyers who want in. The median list price of a single family home jumped from $625,000 in December 2017 to a whopping $699,000 in early May this year. Louisville's inventory did not change much from the dead of winter to early spring and currently sits at 43 homes for sale, which is actually only a slight increase from 39 homes in December 2017. 

Some of the metrics we pay attention to include "Days on Market" (DOM), which for Louisville decreased greatly from 86 days in December 2017 to 59 days in early May 2018, which includes time to close the transaction, so it is not a true reflection of how long a home

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By Rob Kelly, LRA Owner & Managing Broker

It is about this time of year that Louisville really starts to wake up. The outdoor seating on Main Street is open filled with residents and visitors soaking in the Colorado sun. The colorful and fragrant flower boxes remind us spring has arrived. At LRA, our community events may be smaller scale than some other local businesses, but we design our events to be casual and inviting. We hope you will attend our May Art Walk coming up this week!

North view of Louisville's Main Street restaurants with umbrellas and flower boxes

This Friday, on May 4th, LRA will be proud to open our doors for First Friday's Art Walk and for the third year in a row, we will feature the amazing art work of Louisville Middle School art classes. We will deck our walls with a dozen pieces from the wonderful LMS

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