Monthly Archives: February 2010

Lease the Sun

Posted by Michael Hughes      February 28, 2010

SunRun’s first home solar system was installed this week by REC Solar in Boulder, Colorado.    The system is being leased so there are no upfront costs and they give you a breakdown of what savings not to mention clean energy. SunRun partners with REC Solar, Namaste Solar and Real Goods Solar in Colorado.  All three companies are experienced installers and provide the highest quality solar installations.

If you are going to buy a home in Boulder it might be worth a look.

Interested in learning more about SunRun in Colorado?  Contact SunRun.

If you have questions regarding this article or Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Get your Buzz in Boulder

By Michael Hughes  February 27, 2010

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Pillars of the community. Coffee houses. They bring together friends who talk frenetically about their current or past lives. They bring together, lovers, affairs, friends, bff’s, colleagues, investors, students, stay at home and soccer moms, shoppers, girlfriends, out-of-towners going to buy a home in Boulder, grandmothers and grandfathers, athletes, fraternity brothers and sisters, kids, scientists, chefs, community as it were. Some of the best coffee in Boulder in no apparent order are Amante, The Bookend; connected to the Boulder Bookstore, Spruce Confections, The Trident, Vic’s Espresso, The Cup, The Laughing Goat, Great Awakening, Peets Coffee, Folsom St., Buchanan’s, The Brewing Market, Espresso Roma and many many more.

If you have questions regarding this article or going to Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Zillow iPhone App Update

Posted by Michael Hughes February 26, 2010

The popular real estate app gets a robust update with improved search and social sharing features.

Read the whole story here.

If you have questions regarding this article or info on how to Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Another Best

Posted by Michael Hughes   February 26, 2010

Do you wake up in the morning like Oh yeah! Feet on the floor! I live in the best city on the Planet! Woohoo! Let’s push the envelope today! Eager to get out the door! Well I do.  I live in the best place on the planet. Boulder has received so many Best Awards I’ve lost count. I work with people I love. I have a girlfriend to die for. A friend of mine said yesterday “I am so glad to be here, there is so much to do, you could not fit it all in, in a lifetime.” If you want to hike, so many choices, run, the same thing, cycle, ditto, rock climb, indoors or out?, dine, so many choices, watching t.v.? watch two Boulder chefs compete on “Top Chef”, if you want to get cerebral well it is the best educated city in Colorado, Boulder is where “Ginsberg” used to hang out in his later years, best coffee, hmm,  Amanti, Vics, The Trident, on and on. Bottom line a great intelligent place to live and thrive…Boulder, Colorado.

If you have questions regarding this article or Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO



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The DEA vs. Medical Marijuana (Colorado)

Posted by Michael Hughes February 25,  2010

An open letter from Representative Jared Polis to Attorney General Eric Holder after the illegal DEA raids on a medical marijuana grower in Colorado on February 12, 2010.

Attorney General Eric Holder
U.S. Department of Justice
950 Pennsylvania Avenue NW
Washington, DC 20530-0001

Dear Attorney General Holder:

As you know, the voters in my state legalized marijuana for medical use, and placed it in the Colorado Constitution, Article XVIII § 14, the Supreme Law of Colorado.

The Department of Justice is to be commended for issuing formal written guidelines on October 19, 2009, clarifying that federal resources should not be used against people in compliance with state law in states that have legalized marijuana for medical use.  When drug czar Gil Kerlikowske was in Colorado recently, I thanked him for taking this step and respecting our state law.

Despite these formal guidelines, Friday, February 12, 2010, agents from the U.S. Department of Justice’s Drug Enforcement Administration (DEA) raided the home of medical marijuana caregiver Chris Bartkowicz in Highlands Ranch, Colorado.  In a news article in the Denver Post the next day, the lead DEA agent in the raid, Jeffrey Sweetin, claimed “We’re still going to continue to investigate and arrest people…Technically, every dispensary in the state is in blatant violation of federal law,” he said. “The time is coming when we go into a dispensary, we find out what their profit is, we seize the building and we arrest everybody. They’re violating federal law; they’re at risk of arrest and imprisonment.”

Agent Sweetin’s comment that “we arrest everybody” is of great concern to me and to the people of Colorado, who overwhelmingly voted to allow medical marijuana.  Coloradans suffering from debilitating medical conditions, many of them disabled, elderly, veterans, or otherwise vulnerable people, have expressed their concern to me that the DEA will come into  medical marijuana dispensaries, which are legal under Colorado law, and “arrest everybody” present.  Although Agent Sweetin reportedly has backed away from his comments, he has yet to issue a written clarification or resign, thus the widespread panic in Colorado continues.

On May 14, 2009, Mr. Kerlikowske told the Wall Street Journal: “Regardless of how you try to explain to people it’s a ‘war on drugs’ or a ‘war on a product,’ people see a war as a war on them,” he said. “We’re not at war with people in this country.”  The actions and commentary of Mr. Sweetin are inconsistent with the idea of not waging war against the people of the State of Colorado and are a contradiction to your agency’s laudable policies.

On Saturday, February 13, 2010, local Attorney Robert J. Corry, Jr. submitted a formal complaint regarding the raid and subsequent comments by Sweetin to the U.S. Department of Justice Office of Inspector General, which is tasked with investigating “waste, fraud, abuse, or misconduct” from Justice officials.  I ask you to instruct the Inspector General to respond promptly to Mr. Corry’s complaint.

On Tuesday, February 17, 2010, Acting U.S. Attorney for the District of Colorado David Gaouette announced his office’s intention to criminally charge Mr. Bartkowicz in federal court.  In order to ensure a fair trial for Mr. Bartkowicz, it is essential that the confusion about administration policy caused by the actions of Agent Sweetin be resolved ahead of jury selection in this case.  A response to Mr. Corry’s complaint would serve as point of clarity.

I again applaud your policy.  Treating drug policy as primarily an issue of public health, as opposed to an issue of criminal justice, is both practical and compassionate and it has been and will continue to be supported by the voters of Colorado.  Please clarify for me in writing whether Agent Sweetin’s comments that DEA will “arrest everybody” remains United States policy.  Thank you very much for your attention to this matter.
Sincerely,

Jared Polis
Member of Congress

cc: President Barack Obama

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I dig dirt

Posted by Michael Hughes  February 25, 2010

February this year has been unrelenting in Boulder with snow and cold. If you have bought a home or are going to buy a home in Boulder, now is the time to do “prep” work. You don’t want your chores to snowball (no pun intended) when March and April roll around.

  • Watch for sales for wood for trellis building to sustain your tomatoes, green beans, squash and gourds. Also watch wood sales for the new raised bed frames you’ll be building.
  • Make sure all your tools are clean, sharpened and ready to go.
  • Have you made your plan of what you want to grow this year?
  • Will you need to bring in compost or additional soil?
  • Map out your garden on graph paper.
  • Order your seeds if you have not already done so.
  • Set up flats for starting seeds. Lighting and a heat mat can assist growing a variety of annuals, perennials, and vegetables for the garden.
  • If you have a garage or workshop, repair and repaint garden furniture that you’ll be using outside in your new Boulder home.
  • Once you plan your plantings, pots, and beds, you can design a drip irrigation system that can save you time and money.
  • Inspect, pick off and destroy insect eggs before they hatch.
  • Prune dormant grape vines. Trim oldest wood and leave only primary stems. Each stem should have four to six canes from last years’ growth.
  • Pickup the latest free edition of the Colorado Gardener.
  • Smile, it’s almost Spring.

If you have questions regarding this article or are looking into Buying A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Nuclear-Coal-Photovoltaic-NIMBY!

Posted by Michael Hughes  February 23, 2010–Please leave any comments you wish.

Would you rather have 20 square miles of PV panels on the open plains perhaps desecrating the gramma and buffalo grass in that area or would you rather have a coal burning, carbon spewing, fossil fuel chomping power plant? Better yet how about the contrast of PV panels versus a nuclear power plant. Notice the contrast, which one do you feel better about? With which one do you feel safer?

In order to replace a utility-scale coal plant, renewable energy projects also have to be utility scale. And for solar plants, that may mean covering thousands of acres of land with PV panels. This has some environmentalists concerned about how those panels will affect local ecosytems. An argument can always be made for one side or the other, it’s American and keeps consultants employed.

Bioligists from the  National Renewable Energy Laboratory have started  a study to look at how the land under solar panel arrays can be restored. Why don’t we treat the PV panels like wheat crops and rotate them?    Better yet, let’s put them in the desert where there are very few plants at minimal risk. A perfect spot would be alkaline fields or salt flats where nothing grows. While I think it is  important to reclaim lands where a mine has scraped forests and green areas into a moon-like landscapes I am far from feeling it is important to save every single blade of grass. If you are buying a home in Boulder you might want to look at a home with a photovoltaic system integrated into the home.

If you have questions regarding this article or Boulder Real Estate please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Home for sale Boulder;HAFA Starts April 5, 2010 (Short sale vs. Foreclosure)

Posted by Michael Hughes  February 19, 2010

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If you have a home for sale in Boulder, a short sale as it were the lender agrees to take less than the full amount the homeowner owes on the mortgage. The transaction is saying that the value of the house is lower than the amount due, sometimes significantly so.

These deals appeal to homeowners, not so much (yet) for banks. The homeowners’ credit score and ability to borrow will be damaged, but not as much as if the house goes into foreclosure.  And the IRS is not that forgiving on what is considered unearned income or deficiency judgement (the difference between what you owe and the distance between that and what is accepted by the bank). HAFA may remedy that.

The easiest short sale is one where there is only one lender. Easy being the operative but relative word. Short sales to this point have not been easy nor fast. When there are two or more lenders it is almost impossible to get them to come to agreement on which parties will receive how much.

If the banks would just enlighten up and start accepting these offers the log jam of short sales and foreclosures would soon be behind us. Short sales are definitely less costly than a full blown foreclosure and they are quicker.

Foreclosures still outnumber short sales but (short sales) are the only way we can get these inventories lower and to what the new “normal” as far as supply and demand (absorption) will be when the dust settles. The shell shocked confidence of Americans is playing into this big time.

The Treasury’s HAFA program will probably increase short sale activity significantly. Under HAFA, the lender settles on an approved price in advance. A lender must provide “Either a list price approved by the servicer or the acceptable sale proceeds, expressed as a net amount after subtracting allowable costs that the servicer will accept from the transaction.” This will help speed up the transaction and minimize short sale fraud.

Under HAFA, the servicer must “allow a portion of gross sale proceeds to be paid to subordinate lien holders in exchange for release and full satisfaction of their liens.” That helps with the 2nd lien problem and is great for the homeowner because there will be no deficiency judgment (also, upon closing, the first mortgage holder has to agree to release the borrower “from all liability for repayment of the first mortgage debt”). This is much better than “walking away”! Take action before it is too late and you are going in to foreclosure.  Call me today. You can avoid foreclosure. It is a matter of take the band aid off quick or remove it hair by hair. Which would you prefer?

HAFA starts on April 5, 2010 and is limited to homeowners with an unpaid principal balance less than or equal to $729,750.

If you NEED HELP WITH A SHORT SALE or have questions regarding this article or Boulder Real Estate please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Filed under 2010, Boulder County, buy home boulder, Fannie Mae, foreclosure, Freddie Mac, Fuller Sothebys International Realty, home for sale in boulder, investing in real estate, listing agent, relocating to boulder, REO, selling your home, selling your property, short sale

Boulder Double Happiness

Boulder "is" Double Happiness

By Michael Hughes  February 16, 2010

*Please leave comments*

Feeling down? Don’t take a pill.  Consider buying a home in Boulder and a move to Boulder, Colorado.

A massive new study of Americans’ attitudes concludes that the city at the foot of the Rocky Mountains is home to the happiest, healthiest people in the United States. At the bottom of 162 large and medium-sized cities: Huntington, W.Va.

Is it any wonder we are the happiest, healthiest people in the U.S.?  Attitude is everything and when you are healthy a great attitude comes easier. Get happy, notice the good, appreciate even the smallest gift from the universe,get healthy, live in Boulder, Colorado.

CHECK THE INDEX: How does your city rank?

STATES: See how yours rates

Most cities in the west scored higher while more cities in the south scored lower.

Boulder’s setting, including a greenbelt of public lands around the city, may help explain its top ranking. Mayor Susan Osborne says. “We tend to have lots of opportunities for being outside,” she says. The jobless rate is 5.7%, below the nation’s 9.7%.  Also the 300+ days of sunshine doesn’t hurt. Do we ever have opportunities for being outdoors! Hiking, snow shoeing, skiing, climbing, cycling, mt. biking, or my friend Mr. Gusts’ favorite pastime building igloos up in Rocky Mt. National Park,  running, walking, bouldering and ice climbing. Even indoors is great and boot camps with Mr. Meier, Trans Muay Thai Kickboxing which is what I love, to name but just a few. Get in shape. Be the best you you can be. We love Boulder.  It is upbeat, cutting edge, new feeling, new ideas and answers to old questions, the best city to love in, live in, play in and where all the children are above average.

To read the entire article  go to  http://www.usatoday.com/news/nation/2010-02-15-cities_N.htm

If you have questions regarding this article or Boulder Real Estate please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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Sellers; An Iconoclastic Approach To Pricing Your Property in Boulder Co

By Michael Hughes February 15, 2010 *Please leave comments*

Ockham’s Razor:  “Everything should be made as simple as possible but not simpler.”

A seller the other day said “Why am I getting such a low price for my property?” Well in most areas it’s a buyer’s market right now. The market is telling us that the price for your property is too high for the type of property it is. The market is screaming “lower your price.”  I don’t make the market I interpret what the market is telling us by buyers buying or not and sellers selling or not at a given price.  Who tells you what your property is worth? The buyer who is willing to buy it at a given price.

Some sellers will say “well there is a buyer for every house and there’s a buyer out there for my house.”  I say they are absolutely correct.  Unfortunately that buyer was just born 3 days ago at Boulder Community Hospital.

The great thing in the market today is this.  And this hold true for whether you are buying a home in Boulder or selling a home in Boulder.  If you are selling a property and buying a replacement property you may get less than you think you should get for your house when you sell it. The up side to this is that you will most likely get a great deal on your replacement property off setting any loss you may have perceived initially on the sale of your property.

As a Realtor® I utilize a system called Velocity Marketing™(Quantum Management Systems). This system is very similar to what a traditional economist would do in looking at any commodity or shelf life of any inventory, it predicts market activity. VM™ begins with the traditional approach to identify a likely listing price.  Then the market attributes for properties that demographically profile.  The formula used predicts the price at which a specific property will turn over. The more turn over, the more pressure on the price of the property, i.e. appreciation or depreciation.  The belief is because this system describes the buyers attitudes toward future purchase and therefore more accurately the market. This system gets houses priced properly. The results are quickly apparent.

If you have questions regarding this article or Boulder Real Estate please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

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