Home Buying Tips

Found 71 blog entries about Home Buying Tips.

by Cory Nickerson, LRA Associate Broker 

First question: When is Radon Awareness Month? If you said "January", you would be correct!  And if you are from Colorado, chances are radon is a household word.  If you are not from a part of the country that has large levels of radon, then radon may need an introduction.  That said, let's start with a refresher course for all of us on what radon is. 

Overview of Radon - Radon is an invisible and odor free radioactive gas, which is present in several parts of the United States. Radon is commonly found in Colorado and most estimates report that up to 50% of homes in our state test positive for radon.  Since you cannot see, smell or taste radon, it can be very dangerous if not tested and mitigated.  Unlike

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by Rob Kelly, LRA Owner/Managing Broker

In our final LRA blog post of 2018, I would like to thank those who have continued to support us since our humble beginnings in 2015 and to recap LRA's activities in and around our beloved town of Louisville, Colorado.  First and foremost, we were incredibly honored to be awarded Small Business of 2017 by the Louisville Chamber of Commerce and are excited for what lies ahead. Here are some of the reasons we remain devoted to our community of Louisville and the greater Boulder area...

We have had the pleasure of helping dozens of wonderful new and repeat clients, who run the spectrum of real estate transactions. This includes selling a beautiful, custom home in Old Town Louisville, to helping a client

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by Cory Nickerson, LRA Associate Broker Traditional Christmas tree with ornaments and wrapped gifts

If you are like most consumers, you are entering into a season of spending! Can you believe there are fewer than 30 days until Christmas? According to the National Retail Federation, the average American will spend approximately $700 on holiday gifts and holiday treats and goodies this year, totaling more than $465 billion nationwide.  While those numbers can be mind boggling, all this spending actually presents opportunities for you to be responsible, stay within your means and pay off any accumulated debt early. Additionally, this practice during the holiday spending season will help you build good habits, thus continuing to improve your credit score in the future.

Don't Have Credit Yet?  If you envision

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By Robert Kelly, LRA Owner/Managing Broker 

It has been quite awhile since I have reported any signs of a cooling effect in Boulder County, but the numbers appear to be bearing that out. According to Altos Research, home prices in our market have been trending downward quite significantly in recent weeks, as more homes are available and demand is declining.  We might expect this trend to continue, especially if the Market Action Index falls into the Buyer’s zone. While we do keep our eye on the area we serve in East Boulder County, this week's blog focuses on the movement we are seeing in our hometown, Louisville. The statistic we like to keep an eagle eye is on the number of listings that have reduced their prices: ready for it? Fifty-seven percent

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by Noel Bennett, Premier Mortgage Group

Keep renting or buy a place of our own? That is a question I have heard many times over my last twenty-plus years as a mortgage loan originator. It is a basic question, but carries with it so many important, weighty thoughts and considerations. “Buying is such a big commitment.” “I don’t want to throw my money away on rent any longer.” “What if I am buying at the peak of the market?” “I don’t want to deal with all the maintenance.” All of these thoughts, and more, swirl around in our heads as we think about buying a property. There are no right or wrong answers. All we can do is arm ourselves with as much information as possible and put it to use in making the best decision for our own, personal situation.

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by Jessica Smith, House Doctors

Buying a house is a huge decision - one that obviously requires great care. Every family has its own specific needs and expectations for a home and here I want to share some practical aspects of buying a home.  If these steps are neglected it may lead to a move you might regret later. Here are 12 things to keep in mind before buying a house!

1. Plan Ahead - Plan your financials for a while before you actually make the move. This ensures lasting financial security and better decisions in the longer run. Even beyond your loan, save up for the extra costs that are bound to crop up after you move to a new home as increasing your credit card bills with an already existing mortgage on your head won't do you any favors.

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by Cory Nickerson, LRA Associate Broker

When it comes to home design ideas, I always look to the experts. No matter what the time of year, which room I am focused on, I end up slightly overwhelmed and doubting my instincts.  To get some perspective on the 2018 home design  I took in the advice of Colorado design expert from Kim Cieplik, a specialist with Solid Rock Custom Homes.  According to a recent interview with Kim,  her “real world” research suggests some colorful trends to the autumnal months in 2018.

Ms. Cieplik says, “Most people are getting away from the beige neutral tone fad that has been around for the past ten years. Our customers are now asking for more vibrant colors in parts of their homes. There is still a neutral base color,

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By Marina Gorbounov, Evolve Real Estate and Property Management

If you are considering investing in real estate, then you are in luck. Homeownership rates are at their lowest levels in 50 years. This major shift away from homeownership can be attributed to several factors I will discuss in this blog. 

Renting offers the kind of flexibility that younger Americans appreciate. This flexibility allows them to delay certain decisions such as starting a family or marriage that may precede buying a home.  Apart from this, buying a home is not affordable for many renters. This is because home values and incomes have risen disproportionately. As a result, millennials are renting for longer periods. Equally, the number of baby boomers staying in the rental

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by Robert Kelly, LRA Owner & Managing Broker

I don't mean to sound repetitive but in our seasonal outlook here, Louisville remains a hot seller's market, with very little inventory on hand for eager buyers. As the table below shows, the median list price increased from $699,000 in May 2018 to a whopping $739,000 in early August. Louisville's inventory increased a little as the spring months transitioned to summer, and currently sits at 55 homes, which is actually a decent increase from 43 homes in May. "Days on Market" (DOM) has remained stable at 60 days in early August, which includes time to close. However, a big move this summer has been that 45% of sellers were offering price reductions as of early August, up from 28% in early May 2018, and way

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By Cory Nickerson, LRA Associate Broker

Home buyers who are looking to live in HOA communities typically focus on two questions: 1) what are my HOA fees going to be? and 2) what is included in my HOA fees?  Of course those are important pieces of information, but I wanted to write this week’s blog about the other important factors that HOA home buyers should tune into before they waive their HOA contingencies and move forward a home purchase.  Follow these five steps below and you will go into your HOA membership with eyes wide open, thus limiting the number of unpleasant surprises you may encounter after you move in!

In Colorado, home buyers are entitled to ask for time to review any available documents to understand the background of an HOA.

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