Category Archives: boulder real estate

Boulder Real Estate On Fire

Figuratively, not literally. In Boulder we have so many great areas to choose from where fire is not a danger. We are buffered by the Flatirons to the west and many of our mountain areas such as Pine Brook Hills have fire hydrants frequently along the road. Call me today if you’re looking for a home in the Boulder area. I have many “quiet” listings of people who are interested in selling however for one reason or another don’t want to be full out on the market.

Michael is a longtime resident of Boulder and has been in real estate since the mid 90′s and with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me If you have questions regarding this article or would like information about Boulder real estate not yet on the market, call me or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes

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Boulder real estate not yet on the market

As a buyer, I am sure you know how few listings there are out there if you are pursuing Boulder real estate or Boulder luxury real estate. It can be really frustrating. It is, as one would say “thin.” Also multiple offers are starting to show up running the prices just a bit higher.

I have several homes that will not be on the market for a week or a few weeks. Call me to get first look at these homes I have listed, however are not on the MLS, some in South Boulder and some in Longmont and some in Lafayette. Ranging from around $450,000 to $850,000. Call me today to get a first look.

In this case the early bird does get the worm!

Michael is a longtime resident of Boulder and has been in real estate since the mid 90′s and with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me If you have questions regarding this article or would like information about Boulder real estate not yet on the market, call me or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes

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Reduce Your Boulder Real Estate Taxes

Owners of Boulder real estate, especially those with Boulder luxury real estate, know how expensive property taxes can be. While the housing market may have softened considerably, many homeowners are discovering that they are still being assessed property taxes that reflect housing values at the time of peak real estate prices in 2005 and 2006.

Assessments are only done every three to four years and this can result in homeowners paying much higher taxes than they should. Real estate assessment is also more of an art than a science and the correct assessment depends in large part on the assessor being knowledgeable and having a good handle on the local real estate market. Certain parts of the country are more expensive to live in than others and Boulder, Colorado is a prime example of this.

The pristine air and tranquil nature, as well as the elevation, attract many people who are interested in purchasing Boulder real estate. The area is a paradise for sports enthusiasts and those that love nature. Prices of Boulder luxury real estate are high because this is such an exclusive part of the country to live in.

The city regularly ranks among the top cities in the United States to live in terms of health, education, art, quality of life and well being. Unfortunately, the privilege of living in Boulder also carries high property valuations, which means high property tax bills. Property taxes have risen across the country. The National Taxpayers Union, which is a non-profit advocacy group, has an expectation that property tax bills will increase by at least 5 percent this year. Every year, the average property tax of homes has gone up by about 7-8 percent, since 2001.

Things homeowners can do to reduce property taxes:

This increase has left a lot of property owners frustrated and wondering what they can do to reduce the cost of their property tax bills. Short of letting their home go completely to ruin and thereby decreasing the value of their property, many people are wondering what they can legitimately do to save money. Across the country homeowners have filed property tax appeals in record numbers this year. Appeals can be lodged at any time, but to affect tax bills this year the appeals have to be filed by a specific date.

To have a convincing case it is a good idea to start with the fact that the assessment given to the home no longer reflects market value. Months or years can elapse between property assessments, so discrepancies are bound to show up. It is possible to have a successful appeal if it can be proven, with documentation to back up the appeal, that the assessment is unfair and no longer valid.

There are a few other things that people who own Boulder real estate or Boulder luxury real estate can do to lower property valuations. The easiest thing to do is to find evidence that the local assessor made an error when evaluating the property.

Many communities rely completely on drive-by evaluations, so it is not far-fetched to assume mistakes could have been made. The assessor estimates the value according to the features that other homes in the area possess. It is possible that the assessor made an assumption that the home contains a certain number of bedrooms or bathrooms, or a fully finished basement, when this is not the case at all. Homeowners may also have success with their case if they can show that the property they own, such as condo units or luxury real estate, has not kept up with the pace of the local market.

Homeowners should compare their home assessment with other similar properties in the area. If there are at least five properties that carry lower valuations, the odds of successfully filing a property tax appeal are increased. It may also be a good idea to hire a private appraiser to properly value the property. There may be mitigating circumstances such as a damaged roof or leaking basement that a drive-by inspection could not possibly reveal.

It is also possible to hire professionals to file the property tax appeal, although they will charge money for it and this can cut into property tax savings. Anyone unhappy with their property tax bill should file an appeal as soon as possible because local governments limit refunds to the prior year`s tax bill. Anyone interested in financial products may wish to visit   http://www.simplyfinance.co.uk/calculators/mortgage-cost-calculator.html Simply Finance for more information.

Michael is a longtime resident of Boulder and has been in real estate since the mid 90′s and with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes

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Jobs Equal Healthy Boulder Real Estate

Boulder County is the most educated county in United States. There’s a high percentage of highly intelligent residents, which is its greatest asset for attracting and retaining strong employers and employees. Boulder real estate is healthy, a sure sign of good times coming. It’s all about jobs. Strong jobs equal strong Boulder real estate.

Numerous high tech businesses in the Boulder Valley Corridor are starting to hire. When I asked a local head hunter if there were going to be a lot of out of town people coming in she said “there seems to be a robust amount of talent available in the area right now.” Of course as time goes by the tech area will need more and more talent to feed the demand.

Many high schools in Boulder County offer special programs such as Skyline High School in Longmont that offers the Scientific Technology Engineering and Mathematics (STEM) program, a magnet component that prepares students to excel in science and math related fields. Also with the onset of the International Baccalaureate Program in numerous schools in the Boulder Valley; Boulder schools could help “grow” their own work force and provide opportunities for our children’s future by implementing similar programs in all schools.

Boulder offers a quality of life that attracts and keeps people here. It’s a life that can’t be beat. We love our Boulder real estate and we often come up on lists for a very high quality of life. A lifestyle robust in fitness, with running trails right out our office door,  world class organic food, home grown brews, entertainment, high intelligence, happy people, entrepreneur heaven, skiing and snowshoeing nearby, dog friendly areas and many opportunities to enhance our lifestyle.

Michael grew up near Santa Fe and is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range.  If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a (CNE) Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO. What’s your lifestyle? I take great pride in my in-depth knowledge of Colorado luxury home market trends, research-based pricing strategies, having a powerful network of qualified luxury home buyers, first-hand Boulder real estate insight and proven 16 year track record of selling unique Denver and Boulder luxury real estate.

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Boulder Luxury Real Estate-Ranches

Boulder Luxury Real Estate-Ranches

Sotheby’s International Realty-Boulder, represents clients in the rarified air of Boulder Luxury Real Estate. Prime opportunities. We pride ourselves in our global reach to clientele with the capability to procure high end properties. While several of our ranches and view properties in the Boulder area are actively listed, certain properties are available yet not actively listed. Quiet listings as it were. Call me today

Stapp Lakes Ranch located 25 miles from downtown Boulder, is a truly one of a kind opportunity.Infinite views and quiet. Known as Colorado’s first Guest Ranch. Sited on eight crystal blue lakes, stocked with rainbows and cutthroat. First homesteaded in 1893. An historic assemblage of Lodges, Cabins and Outbuildings and meticulously restored in the midst of 328 Rocky Mountain acres. Offered at $22.5 M.

Dollaghan Ranch on Rozena Road. A classic Victorian residence on over 114 acres with two reservoirs, pond with waterfall, panoramic Rocky Mountain Views, World class fishing. Boulder Luxury Real Estate at its finest. Well maintained and ready for a family, entertaining or just gracious living. A wildlife sanctuary visited by fox, coyote, deer, elk and eagles. The site contains 7 residential building sites and 2 more sites for caretakers quarters. Valuable water and mineral rights. Call me today. Offered at $12 M.

Steele Ranch in Niwot. A gentlemen’s ranch on over 5 acres. An English Country Equestrian property in the Niwot area. Sweeping open lawns, pond and mountain views. The flawless design and the meticulous attention to detail beckon even the most discerning home buyer. Main house, carriage house and 6 car garage await the collector of horses or horsepower. Call me today. Offered at $2.1 M.

If you are interested in buying or selling Boulder Luxury Real Estate discretely, call me today at Fuller Sotheby’s International Realty-Boulder.

Michael grew up near Santa Fe and is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range. If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes.  Michael is a Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO.

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Flip it! Flip it Good!

What does it mean when someone says flip a house? Why has this house flipping trend become so popular in Boulder real estate?

When people decide to flip a house, they are in effect buying real estate and selling it shortly thereafter for a profit. This sounds like an attractive and lucrative idea to the entrepreneurial self as we consider new  ways to increase our incomes—but, one wrong turn in the house flipping process and things can get very convoluted and expensive

Location, finances, and types of flips will give you a clearer sense of what you might be getting into. When you think about location, there are a couple ideal scenarios where flipping a house will be rewarding and profitable. If you decide to purchase a house in a neighborhood that is working on cleaning itself up, you have a chance at making the neighborhood an attractive feature for potential buyers. Another option would be to purchase in a new developing area where high-end homes attract a special type of buyer that wants luxury features in their home. Also consider that, with these two options, there are some risks that will surface if the neighborhood experiences a high in crime rates or your budget is unrealistic or there could also be a price ceiling for a micro-neighborhood.

There is one major financial goal that house flipping centers around: buy low and sell high. What you need to look for is simple yet not so easy to find in certain areas: property worth more than the asking price or property that is not in good shape but can be repaired with minimal cost or sweat equity. The first thing to do is make a budget. Look at your finances and how much money you need. When you are able to make a bigger initial down payment, the interest rate is lowered. And, don’t forget, it always costs money to do those lengthy repairs and to cover up unwanted surprises.

Now that you know what your budget will be and what you are willing to invest, decide on what type of flip you would like to pursue. If you plan on purchasing a house to fix up, the time and money must be present to invest in the home improvements necessary to push this house to market quickly. Another type of flip that is gaining in popularity due to our current state in the real estate market is buying a foreclosed house at an auction or from the bank. These foreclosed houses are extremely underpriced and are a great opportunity for flippers. The only catch about foreclosed homes is that many may need repairs that the previous owners could not afford to fix. Banks usually sell properties only “as is.” Make sure you know what you need to do before purchasing the home. There are fewer bank owned and short sales in Boulder County than anywhere else in the state however a few do exist.

Michael grew up around Santa Fe and is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range.  If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO.

Partial Lyrics;

now whip it
into shape
shape it up
get straight
go forward
move ahead
try to detect it
it’s not too late
to whip it
whip it good

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Year of the Dragon-Chinese New Year 2012

Dragons are the free spirits of the Chinese Zodiac. Perfect for Boulder and Boulder real estate. Non conforming, freedom sparks the flame of creativity into the Dragon. Dragons must be free and uninhibited. The Dragon is a beautiful creature, colorful and flamboyant. A Dragon must live in a space that says “I am extremely successful.” An extroverted bundle of power, gifted and utterly irrepressible, everything Dragons do is on a grand scale – big ideas, ornate gestures, big entrances, over-sized hallways, extreme ambitions. However, this behavior is natural and isn’t meant for show. Because they are confident, fearless in the face of challenge, they are almost inevitably successful. Dragons usually make it to the top. However, Dragon people must be aware of their natures. Even though they are willing to aid when necessary, their pride can often impede them from accepting the same kind of help from others. Dragons’ generous personalities give them the ability to attract friends, but they can be rather solitary people at heart. A Dragon’s self-sufficiency can mean that he or she has no need for close bonds with other people. People born in the Year of the Dragon share certain characteristics:  Innovative, enterprising, self-assured, brave, passionate, conceited, and quick-tempered. The Dragons are the free spirits of the Chinese Zodiac. Everything Dragons do is on a grand scale – big ideas and extreme ambitions.   Because they are confident, fearless in the face of challenge, they are always successful.

Michael grew up around Santa Fe and is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range.  If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO.

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Filed under 2012, boulder luxury real estate, boulder real estate, chinese new year, Sotheby's International Realty, Uncategorized, Year of the Dragon