Home Buying Tips

Found 58 blog entries about Home Buying Tips.

by Rob Kelly, LRA Owner & Managing Broker 

Thanks to our state's rich and colorful history of ranching, farming and mining, coupled with a mild climate and burning desire to preserve our Colorado history, we are flush with older, well kept homes. In today's real estate market, many home buyers find these homes quite desirable.  One does not have to look too far from LRA's own office in Old Town Louisville to see the charm of miner's cabins, some which date as far back at the 1890s.  

Some of these vintage homes have been elegantly remodeled and some still appear to have much of their original home in tact. When we preview older homes in Old Town Louisville, Superior, Lafayette or Boulder, we often notice that such homes sell for 25% to 50%

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by Rob Kelly, LRA Owner & Managing Broker 

Are you one of the more than 1.3 million students graduating from college or secondary education with debt? The numbers of students over burdened with student debt seem to be keeping pace with the rapid rise of tuition and the other expenses.  According to the Institute of College Access and Success, "Graduates with student loan debt is up from 1.1 million in 2008 and 0.9 million in 2004. In 2012, 66% of graduates from public colleges had student loans and 75% of graduates from private nonprofit colleges had student loans."  

Since we are diving into the statistics, here's another sobering fact. According to a 2017 survey from the National Association of REALTORs (NAR), "Eighty percent of millennials

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by Cory Nickerson, LRA Associate Broker

It is about this time of year when those who are serious home buyers start paying attention to the market in anticipation of purchasing in the springtime. Interest rates are still historically low and while inventory has been a little tight for a few years, I believe if you remain patient and somewhat flexible (and realistic of course), I am confident you can own your own place when you are ready. 

The first question I hear from first time home buyers is “What do I need to do to prepare?". To help answer this very  large question, I have included a few of links to articles I recommend you read to help you get the big picture to start this journey. I don't like to overwhelm my clients, so I suggest you just

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By Cory Nickerson, LRA Associate Broker

By all general appearances, 2017 seems to be shaping up as another good year for those who sold homes, however, it may be brightening for buyers as well.  According to the Colorado Association of REALTORS® (CAR), "Colorado’s low inventory has caused frustration and a limitation on housing market growth. Luckily, statistics show a major increase for residential building in areas across Colorado."

Let's take a look at recent statistics for some of the East Boulder County towns we follow and see what has been happening since the selling season has slowed down. We typically see a slow down in inventory available and buyers who are serious after Labor Day. Now that we have almost a full year of data under our

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by Rob Kelly, LRA Owner & Managing Broker 

Some of you who have known me awhile know that I spend a lot of time "off the grid". I love to hike and get up to the mountains with family and friends or often I just go with my dogs, Baxter and Lilly. Spending a lot of my time lost in the beauty of places like Ward and Nederland inspired me to write a blog bout what it would be like to own a piece of Colorado.  

I am often amazed at some of the listings for land that pop up on real estate websites such as LandsofAmerica.com, enticing me to either buy a piece of remarkable acreage or help a client to do so! According to what I see on REColorado,  2017 has shown us remarkable properties for sale. Thanks to REColorado for sharing the following stories,

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By Rob Kelly, LRA Owner & Managing Broker

In Colorado's current booming real estate market, we hear many stories about prospective home buyers submitting multiple offers to no avail, as well as an ongoing trend that many Denver and Boulder area listings (between approximately $300K and $700K) selling for over 100% of list price. Naturally this results in many frustrated buyers.

According to the Denver Post, "Colorado’s population in July 2016 was estimated by the Census Bureau to be 5.5 million, up 91,726 people or slightly less than 1.7 percent — the seventh-highest growth rate among states for that year. State demographers forecast that Colorado will add plenty of people through 2020, with its population nearing 6 million."

If you are one of

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by National Dispatch 

Moving is an exciting, yet overwhelming, experience. The entire process requires an extreme adjustment. This is especially true for children who must leave old friends behind and make new friends at a new school in a new community. As a parent, you want to ensure that your child’s transition is an easy one, but what are the best ways to accomplish this?

    1. Talk to your child in advance. Call a family meeting to explain the details of the move.If you have a young child, there are many children’s books about moving that may help your child gain a better understanding, while also having fun in the process.
    2. Include your child. Involve your child in the house selection process, especially if they are older.Ask for their
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By Cory Nickerson, LRA Associate Broker

My husband and I were excited to finally complete our household estate planning this summer. That was a huge relief as estate planning was a major "to do" item that we could now mark off our list since we married about three years ago. However, no sooner than the ink was dry on our Last Will & Testament, did we learn about a financial situation unfolding within our family, leading us to realize that we would most likely need to update our estate plan again in the next few years.  It was at that time I realized that estate planning is never really over. We have to think of estate planning as an work in progress. 

Once you think about the fact that life is always in motion, it is not hard to understand how and

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By Rob Kelly, LRA Owner & Managing Broker

After months upon months of repeating myself that we are still in a seller's market in Boulder County, the tide may be turning. But don't expect prices to come crashing down, as this market continues to experience fairly high demand coupled with low inventory. However, we are seeing some prices are nudging downward a bit.  

In this week's blog, LRA has market reports for the four East Boulder County towns of Louisville, Superior, Lafayette and Erie, highlighting current inventory, average list prices and other market data for the past 90 days ending August 9, 2017. View the full details of this report highlighting key metrics here, courtesy of ColoProperties (Boulder Area Multiple Listing Service or MLS).

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By Cory Nickerson, LRA Associate Broker

Good news from the federal government for first time home buyers! And shockingly it came from a bi-partisan effort, with both Republican and Democrats coming together in order to help first time home buyers overcome hurdles and make home ownership a reality. 

The First-Time Home Buyer Savings Account Act, sponsored by Colorado's own Representative, Mike Coffman, Rep. Sean Patrick Maloney (D-NY) and Rep. Barbara Comstock (R-VA), is designed to help consumers who are trying to buy their first home. H.R. 2802 will amend the federal tax code to create 529-style savings accounts for first time homebuyers. The goal is to mimic the model of the highly successful 529 plan model, which provides parents with college

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