Tagged : Home Buying Tips

Found 47 blog entries tagged as "Home Buying Tips".

by Cory Nickerson, LRA Associate Broker  

As a real estate broker, I certainly have no shortage of market data to study each time I open my email. As a member of two different Multiple Listing Services covering Boulder and Denver, and a as a member of the Boulder Area Board of REALTORs, I thoroughly enjoy the access to rich information and analysis about our enviable and vibrant real estate market. Often I meet clients who follow the market closely and we have enthusiastic conversations as we share observations.  Sometimes I meet clients who are just starting their real estate journey or are relocating and I get a chance to help them understand various trends. No matter what the case, there is always something new to learn or teach!   

One of the

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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 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 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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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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