RE/MAX of Boulder News

For new buyers, the world of mortgages may be a little confusing and entirely overwhelming. If you are mortgage shopping for your first new home, you definitely want to get the lowest possible rate that your credit score will grant. While comparing rates and deals from various lenders, there are a few options and facts every consumer should consider. Percentage points are extremely important to consider, and buyers should absolutely seek the lowest possible rates they can find.

A 30-year fixed-rate mortgage of $400,000 at 4.3% would cost $1,979 per month, while the same loan balance at 5.3% costs nearly $2,221, according to numbers from Bankrate - a difference of almost $250 per month. Over one year, that 1% difference equals out to $3,000. Even small

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Colorado was one of only eight states where home prices appreciated in the 12 months ending March 31, earning it a placing among the top five states for home appreciation, according to the Federal Housing Finance Agency.

The District of Columbia had the highest one-year appreciation rate in the nation, with its homes’ values increasing 14.2 percent. It was followed by North Dakota with a rate of 7.48 percent; California third at 2.85 percent; and Vermont rounded out the top five with a rate of 1.44 percent.

Boulder was the highest-ranking metro area in Colorado, coming in at No. 50 with a one-year appreciation rate of -2.28 percent. Grand Junction was the lowest ranked Colorado metro at 254, with an appreciation rate of -10.9 percent.

While none of

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Naturally, like most homeowners, you have a strong emotional connection to your home and, understandably, feel it deserves top dollar when placed on the market. After all, no one knows your home better than you, including all the investments you've made in it over the years. But even though all sellers want to get the most money for their homes, especially in today's challenging economic times, decisions made regarding the listing price cannot be made in haste.Listing your home at a price that is too high can cause it to languish on the market; this can result in the home selling at an even lower price than would have been realized had it been priced properly from the beginning. To avoid this scenario and generate optimal profits from the sale of your…
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Home sales in Boulder continued their upward trend in June, giving hope that perhaps the real estate market has finally hit bottom and is headed in the opposite direction.

"Sales held up very well in June, probably continuing with the impact of the homeowner tax credit for first-time and move-up buyers," observes Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor Association.

Until Congress recently extended the deadline for closing on a home purchase to the end of September, buyers had to close by the end of June to qualify for the tax credit.  Boulder County saw 370 single-family homes and 131 townhomes and condos close in June, compared with 357 and 147, respectively, in June 2009. From June 1, 2009, through May 31,

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Did you know that one in seven Americans has at least 10 credit cards? It's true. However, the average is four, according to a report from Experian.

Usage on credit cards has dropped dramatically in the last two years as financially constrained consumers have reduced spending and begun paying off debt. The national average interest rate on credit cards as of August 2010 is 14.44%, up from 13.17% from six months earlier.

Mortgage-seeking clients are always asking for advice on how they can improve their credit profile, such as the number of credit cards they should have. It's important that consumers are educated about credit and how to properly manage it. According to the credit experts at ApprovalGuard.com, however, it's not just the number of credit

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Whether you are thinking about putting your home on the market or you are concerned about increasing your home's equity in a time of depreciating house values, knowing which remodeling projects yield the best return on investment, is critical.

Not all home remodeling projects are equal in terms of ROI. In today’s economy it's important that homeowners understand the value a particular home renovation will - or won't - add to their home.

Check in with your local real estate professional or research websites such as the National Association of Home Builders to determine the potential return on a remodeling project. Following, are the top 10 renovations in terms of increasing your home's value:

  •       A Home Office Remodel
    With more and more people
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Raleigh, North Carolina, offers the best quality of life in America, according to a recent Portfolio.com/bizjournals study. But here’s a point worth noting. Those rankings were confined to major markets that have more than 750,000 residents.

What if you prefer to live somewhere smaller?

A companion study now provides the answer, proclaiming Boulder, Colorado, to be the quality-of-life leader among metropolitan areas with populations between 250,000 and 750,000. Portfolio.com and bizjournals compared 109 medium-sized markets in 20 statistical categories. The researchers used the same formula as in their earlier study, giving the highest scores to areas with healthy economies, moderate costs of living, light traffic, impressive housing stocks, and

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NORWALK, CT July 1, 2010—Recognizing the need to identify those real estate brokerage firms most committed to serving consumers, RISMedia recently launched its Real Estate Information Network® (RREIN), a network of leading companies providing leading information. RE/MAX of Boulder, Inc. is proud to announce its membership in RREIN, signifying the firm’s leading position in the Boulder Valley.
As its name suggests, RISMedia’s Real Estate Information Network® is exclusively reserved for only those real estate firms committed to providing consumers with the critical information necessary to make the best possible real estate-related decisions. As required by RISMedia, which has provided the real estate industry with leading-edge news and business-development…
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During the hard economic times of the 1930’s, while most Americans struggled, there were some who also amassed vast fortunes. A wealth of opportunity also exists in today's real estate "recession," a time which offers buyers and investors an unprecedented chance to "move up".

Those who believe that real estate is a tide that moves all boats equally are just plain wrong. The fact is, we may very well be in the single greatest move-up real estate market in decades. Today's market represents a rare opportunity for some to move up to their dream home at virtually unprecedented prices. If you have longed to move to another community, purchase a vacation home or create income through rental property, now might be your best chance to do so.

The following facts

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Foreclosure.  Not a pretty word, its mere mention can bring on a heavy-duty panic attack. Families dealing with traumatic events:  job loss, illness, divorce and death must know that there is help to be had.

“We sometimes forget that behind every distressed property is a distressed family and we need to use every tool at our disposal to help them through a very personal crisis,” said Dave Liniger, RE/MAX International Chairman and Co-Founder. “The new HAFA (Home Affordable Foreclosure Alternatives) Plan provides tremendous incentives for distressed homeowners and their lenders, which speeds up the Short Sale process, and provides a realistic alternative to foreclosure.”

According to a report released this week by Colorado’s Division of Housing, Boulder

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