RE/MAX of Boulder News

When business is going better than usual, it’s easy to forget about the past. We get wrapped up in all the day-to-day business details, the unending emails and voicemails.  But, I think it’s important to take a look at the past and see when we hit bottom and whether we’re truly bouncing back from some shaky economic times. The real estate sales at RE/MAX of Boulder, Inc. seem to be picking up, which just might be a strong indicator of an upturn in the economy and more importantly, peoples’ confidence levels.   

Here are some statistics for the past seven years that give the number of Under Contracts and total Sales Volume in the month of January reflecting that the bottom might have been in 2008/2009 and now we’re seeing some remarkable recovery

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Don’t you just hate it when a really good sale ends, or a great deal passes you by?  You shake your head and tell yourself that next time you’ll get on the stick and act rather than snooze. Well, I’m here to yell “WAKE UP”. It’s now March 18th and the clock is ticking…..only 44 days left to get your tax credit.  If you’ve never owned a home before, you’ve probably heard about the First Time Homebuyer Credit and are either shopping for homes right now, hopefully using a Realtor®, or are already under contract, waiting to close on your first home.  The truth is, current homeowners should wake up and pay attention to a great deal being offered right now. 

There is no requirement that existing homeowners must have sold their home to be eligible for the

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Whether you’re a long-time homeowner or a first-time homebuyer, you stand to benefit from the new federal tax credit when purchasing a home. An educated consumer is an empowered consumer and it is crucial that you know what you might miss by not calling a Realtor® and acting promptly. So, to get an education, I highly recommend this most thorough and comprehensive website: 


www.homebuyertaxcredit.com


The information found here is extensive, with a question/answer forum and an Eligibility Test to help determine if you qualify for the tax credits. According to Joseph Rand, founder of the website, “This site explains virtually anything and everything a buyer needs to know about the program, and it has the country’s best resources on the tax credit.”

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The Princeton Review has released its 2010 rankings for “Best Value” colleges and universities. They ranked CU Boulder 5th out of 100 schools as one of the best values available to students seeking a good education at a reasonable price. The schools were selected based on surveys given to administrators and students at more than 650 public and private institutions.

This is good news for CU students; knowing they are getting a good education for their buck.  But, it’s even better news for parents who might be footing the higher education bill.

This seems like a good segue into acquiring real estate for your student(s) to live in while studying at our fine university.  “Kiddie condos” as they are affectionately called can be a great investment. If

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The residential real estate market in Boulder Valley is predicted to make a slow recovery in 2010. This is a good prognosis for the New Year for RE/MAX of Boulder’s 86 full-time Realtors®, and it’s also excellent news for all homeowners and first-time homebuyers who plan to take the plunge into home ownership this year to take advantage of the tax credits.

According to Ken Hotard, senior vice president of the Boulder Area Realtor Association, “The worst is likely over, but don’t expect a quick recovery. Jobs are still a problem and until we see job growth, there will be no significant recovery in the housing market.”  But he also states that if you’re in the position to buy, with access to credit or cash, this is the BEST time to buy.  Low interest

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“The wheels on the bus go round and round”….this quaint children’s song can refer to our economy as well. We need to help get the wheels of the housing market turning again. Housing is the center, the lifeline, of our country's economic engine. On Nov. 6, 2009, President Barack Obama did his part by signing into law an extension and expansion of the homebuyer tax credit.  This act is being hailed by both economists and real estate leaders as a significant part of our government’s efforts to boost the American economy. According to an article by Maria Patterson & Stephanie Andre in RIS Media, the estimated cost of the homebuyer tax credit, part of the Worker, Homeownership & Business Assistance Act of 2009, is $18.5 billion, yet another mind-boggling sum

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The Editors of Money magazine examined its list of the top 100 Best Places to Live and identified these 10 counties where the living is easy and the unemployment rate is far below the 10% national average.

1. Cass County, ND - 3.4% unemployment
2. Madison County, NE - 3.9%
3. Platte County, NE - 4%
4. Sarpy County, NE - 4.7%
5. Dallas County, IA - 4.7%
6. Grafton County, NH - 5.1%
7. Dane County, WI - 5.2%
*8. Boulder County, CO- 5.3%
9. Roanoke County, VA - 5.6%
10. Saline County, AK - 5.7%

Source: CNNMoney.com (12/29/2009)
BLS unemployment data is from Oct 2009, the most recent available.

*8. Boulder County, Colorado

Towns include: Boulder, Superior, Longmont, Louisville, Lafayette, Lyons, Nederland, Niwot
Best Places to Live rank: 13th

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Boulder, Colorado has made many TOP 10 Lists during the past 10 years, having been cited 95 times in the past decade alone for various accolades. What a great place to live, work and go to school! National publications such as Forbes, Business Week, Wall Street Journal, Men’s Journal, American Style and Vegetarian Times think we’re great, too. Boulder County is fit, healthy, green, culturally friendly, smart and a perfect place to dine out, bike, retire or be a vegetarian.  What more could one ask for? If you haven’t visited, do it in 2010, I think you’ll agree, it’s a great town for a vacation. If you decide to look at real estate in our fair city, know that it’s a safe place for your real estate investments. It’s true that Boulder County home
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If you will please indulge me for today’s blog, I want to veer off the real estate track and talk about something very dear to my heart. ‘Tis the season for giving and making those lists, checking them twice, and making sure everyone in the family has a gift or two under the tree. Even Uncle Fred. Now, even though Uncle Fred doesn’t really need anything, we search the malls for something to wrap up for him. I have a better idea. How about making a contribution to your favorite nonprofit on his behalf?    According to a recent survey from the Colorado Nonprofit Association, 56% of the State’s non-profits reported a time during the past year when their total expenses exceeded their total revenue. Times are tough; due to the economy, charitable giving…
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OK, now that I have you excited about the Homebuyer Tax Credit and you have realized the value of this program, I want to give you a simple checklist that will make your life easier.  
  1. NO PROCRASTINATING – Call your Realtor® pronto. Start looking now. There is nothing worse than trying to make a last-minute decision under pressure because it’s almost April 30, 2010 (the deadline to be under contract). There are fewer buyers looking at homes in January and February than there will be in the Spring. Believe me when I say less competition is to your advantage. If you have a home to sell, get it on the market and price it aggressively. They are “deals” to be had in the Boulder CO real estate market right now. 
 
  1. PRE-APPROVAL FOR A
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