Category Archives: Boulder County

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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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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Short Sale Colorado

Short sales can be painful.  Add to that, the concern, that the bank may come after you years later, for a deficiency, a tax consequence or send you a 1099 or promissory note to payback the deficiency. All of these can be devastating to your finances,  often spinning short sellers into bankruptcy. A short sale takes about 3 years to overcome, a bankruptcy can double that, foreclosure can add more time. The title to the property may be clouded by a deficiency or a judgement which can also cause future issues.  If the short sale is not done properly and in a timely manner it can lead to foreclosure.

What would you think if all of the problems with a short sale could be negotiated away and done in a timely manner? No deficiency! No tax consequence! No 1099! No promissory note! Short sales are tough enough on the homeowner. They don’t need to complicate your life and make it worse and spin you in to bankruptcy.

We work with investors who utilize their own in house negotiators to negotiate all the guesswork out of short sales. We can negotiate away the tax consequence(s), the 1099, the promissory note, the deficiency. What this means to you is no further problems or issues to deal with in the future. It is a clean short sale. No future surprises.

We can help you. Call me today to see if you qualify for a short sale. We can help take the pain part out of the short sale process.

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 a clean short sale 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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Boulder Neighborhoods 105

Boulder Neighborhoods 105 the Outback (be sure to check out Boulder Neighborhoods 101-104 Blog Posts).

If lower taxes, a shorter commute to Denver or Fort Collins, more house for your money and great panoramic views are your thing. This may be just the Boulder real estate ticket for you.

Erie started out as a coal mining town and a small train hub town. This was one of those out of the way towns where there was no church so it brought on a parade of traveling preachers. One such preacher was Reverend Richard Van Valkenburg, civic leader and founder of Erie, Colorado. Since then communities have grown from Arapahoe Ridge, Erie Village and Vista Ridge a golf course community.  Homes range from $250K-over $1 million.   The style ranges from Victorian in Erie village to contemporary in Vista and Arapahoe Ridge.

Schools in Erie are Blackrock Elementary, Erie Middle and Erie High School.

Frederick in the early 1900’s this was a coal town. Firestone has grown up and is one of the fastest growing municipalities in the past 10 years on the front range. The over view of these two communities is that you get a great deal of house for your money. 10 reasons to move your business to Firestone.  This is a fiercely independent community and one that bears a second look if you are a commuter north, south, east or west. Taxes are lower and houses abundant with panoramic views of the front range.

Schools serving Frederick and Firestone are Frederick Elementary, Coal Ridge Middle and Frederick High School and Fort Lupton High School

Dacono is a small town with a bigger town feel. Houses are abundant and in many price ranges, parents looking for low student teacher ratios will find that here. Along with spectacular views of the Rocky Mountain chain.  Butler Elementary, Fort Lupton Middle and Fort Lupton High School

Schools serving Dacono are

Fort Lupton is a rural community situated in southern Weld County along the banks of the South Platte River. The town anchors the eastern side of a triangle with Boulder and Longmont, and is conveniently close to two of Colorado’s major highways. A drive to Denver’s International Airport takes only 30 minutes. Houses are priced lower and with lower taxes and low student teacher ratios this is a great place to call home.

Schools serving Fort Lupton are Butler Elementary, Fort Lupton Middle and Fort Lupton High School

If you have questions regarding this article or have any questions about Boulder, Boulder real estate or would like information about Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. 

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Green Innovation

Shared from Elliott Lemanager & Christopher Demorro

“Sure  I’ve seen a lot of ideas and concepts come out of the green industry but I do have to say this is one of the best ideas I’ve seen to date. It’s thinking out of the box for sure but utilizing our existing network or roads for solar power could generate more clean energy.” Christopher Demorro says “The Department of Transportation awarded the $100,000 to Solar Roadways. This money is to build a 12? x 12? prototype road section, the average width of a highway lane. Solar Roadways creator Scott Brushaw proposes that his prototype will be able to capture and produce energy from the sun. This energy would then be used to light the roadways, “paint” lines, and flash warnings to motorists about upcoming hazards like an accident or daring animal, as well as providing power to America’s home and businesses.”

Imagine powering your car from the roadway and tolls for constant fuel instead of “gas stops” paid out in to a greener cleaner quieter world. Maybe there are no longer tires but the car floats much like Blade Runner or Bruce Willis’ cab in The 5th Element. It’s a new world where innovation and advanced thinking will win.

http://www.elliottlemenager.com/2011/04/14/solar-highways-replacing-asphalt-with-solar-panels/

If you have questions about this article please leave a comment, text or email me. Michael Hughes-Sotheby’s International Realty-Boulder. Cell 303.359.6627  michael.hughes@sothebysrealty.com

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The Bad News First

The bad news first. Wikileaks has reduced your ability to function and generally weakens the intelligence and military community. The good news is there are special rules for members of the Military, the Foreign Service and the Intelligence Community regarding the Home Buyer Tax Credit when you return home. Given your unique circumstances Congress is allowing:

  • An additional year to utilize the HBTC or the Home Buyer Tax Credit.
  • Exemption from the Tax Credit Recapture Rules. Great good news as this allows you to avoid thousands of dollars of recapture you normally would have had to pay. Ask your accounting professional or coach about this and how it applies to your situation.

When you are thinking of a great place to live and/or raise your family, think about buying Boulder Real Estate or Boulder Luxury Real Estate in Boulder County. 300 plus days of sunshine, small community feel with big city amenities. The safest investment you will ever make.

Rules for the Tax Credit Deadlines Extension

  • The typical home buyer tax credit was available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by September 30, 2010.
  • However, for qualified service members who are ordered on a period of official extended duty, these dates are extended even more. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
  • A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension as well.

Definitions

  • “Qualified service member” means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
  • “Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.

If you have questions regarding this article or have any questions about Boulder or would like information about Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO.

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Banks Halt Foreclosures

Posted by Michael Hughes

Bank of America has recently announced a halt on all the foreclosures it is processing throughout all of the United States including some house in Boulder. They said that they were taking these measures in order to investigate a “few flaws” in the process that they might have found, according to a statement made by the banking giant.

Bank of America decided to freeze all foreclosures only 7 days after one of the biggest banks in America announced it was doing the same thing in 23 states that require a court approval in order to proceed with a foreclosure.

The foreclosure process will still continue on, however it will stop before it gets to a judgement ruling or a foreclosure sale. Somewhat like traffic on highway 36 going out of Boulder at 5 pm. To say that the pipeline is clogged would be putting it mildly. This was the process that was going to put our housing market back on track. When you have a fever you take ibuprofen or something to keep the fever down until your bodys’ natural defenses can kick in. In this case you work your way through all the foreclosures when you have an ailing housing sector until they are all but diminished to a natural level. The freeze is only supposed to last a few weeks. I guess we’ll see. The banks are having a tough time working through all these foreclosures. Does that mean that the short sales will take an indefinite detour or backseat? This is not a good thing for the housing community. We need to continue to work through these foreclosures and get them done as quickly as possible. JPMorgan Chase also halted foreclosures on 56,000 people who own homes in the U.S. they also said they would be reviewing how the approval process was working. Apparently some of the employees who review and approve the files were not following the guidelines. In the past few days most banks have followed suit. This is not only bad news for foreclosures but also for short sales of Boulder real estate in the county. Short sales were on the back burner and took a very long time, until this is sorted out  and untangled they will not be moving forward.

We have been very lucky with Boulder Real Estate. There are not a Tsunami of foreclosures like the sand states. What do I say? Get it done. Of course follow the proper procedures but pull the band aid off quickly and move along! Read the entire story.

If you have questions about this article or anything Boulder TEXT or give me, Michael Hughes a call at 303-359-6627 and you can also visit my website or the Boulder MLS. You can also facebook me.

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