May 2016

Found 4 blog entries for May 2016.

By Rob Kelly, LRA Owner & Managing Broker

When you buy, sell or even refinance a home, it is easy to take for granted or even misunderstand the role of your title company.  Every other member of the real estate transaction seems to have a clear role: buyers buy, sellers sell, lenders loan, inspectors inspect, appraisers appraise, and of course real estate brokers broker the deal.  But what do title companies do? At the end of the day, title companies pull the whole deal together.

Once you, as a buyer, have a contract or refinancing agreement in place with your lender, your title company works diligently in the background following specific directions and dates in your contract. This includes researching the history of the property ownership,

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By Cory Nickerson, LRA Associate Broker

In today's real estate market we keep hearing about how the first time home buyer can not catch a break. Well, here's your break. And it is a pretty good one.  The Colorado legislators just passed a new law called the "First Time Homebuyer Savings Account Act". The Colorado Association of Realtors (CAR) announced it was deeply grateful to the House and Senate leadership in Denver for their sponsorship of HB-1467, and for their leadership and dedication on this issue.  As a result, prospective Colorado first time home buyers, and the State, will benefit by their great work.

CAR explains on its website that, "First-time Homebuyer Savings Account (FHSA) allows any Coloradan to set aside up to $50,000 toward the

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By Cory Nickerson, LRA Associate Broker

Zillow. Yes, your real estate agent really does not like Zillow. However, as agents we know that our clients have a bit of an addiction to the largest real estate search engine when conducting home searches or listing their own property.  And how can we blame you? 

Zillow is an amazing, almost exotic creature, serving up glossy photos of new listings, featuring virtual 3D tours, all the specs about the home that one can imagine. It's available 24/7 and it's free.  What a dream!  But to an agent, with access to the MLS (Multiple Listing Service), there's a slight resentment. But not for the reasons you might think. 

Real estate agents don't worry that their clients can see new listings on line.  Agents

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By Rob Kelly, LRA Owner & Managing Broker

At the risk of sounding like a broken record, I have to say it again.  Sorry buyers, this is still a seller's market. Why? It is simply an old fashioned case of supply and demand as we continue to face low inventory. But what is truly surprising to me is that these low levels have not ticked up now that the calendar is turning the pages to spring. Typically this is the season to sell, but Coloradans are apparently not going anywhere.   Can we blame them, really? 

This week we have several reports that break down the inventory, average listing prices and other interesting market data for the past 90 days ending April 29, 2016. Starting with our home town of Louisville, this report shows inventory staying

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