Category Archives: boulder realestate

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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Awesome Lineup-Why I love Summer!

Awesome lineup in Louisville, CO

  • June 17 Little Feat

    Hello Faire family. Little Feat in little ol’ Louisville. Crazy, right? Let’s make it crazy cool. Come ready to have fun, but also come ready to be kind and mellow with your fellow music lovers.
    Peace. The Street Faire Staff.

  • June 24 The Samples

    We’re thrilled to have The Samples at The Steinbaugh for the first time! It’s going to be a rock-n-reggae party with local-boy-made-good Sean Kelly and band.

  • July 1 No Faire

    See ya next week!

  • July 8 A Very Special Evening with Chris and Hazel

    Two of Colorado’s most beloved and talented musicians, Hazel Miller and Chris Daniels, have each played the Faire a record six times—join us for lucky seven.

  • July 15 Great American Taxi

    “Americana Without Borders” is how GAT describes their no-limits sound. It’s going to be an evening of amazing musicianship and good jam band vibes at the Steinbaugh.

  • July 22 Tab Benoit

    Pure. Talent. More of that Louisiana vibe that seems to work so well at the Faire—Tab Benoit brings his take on the blues—from deep in his soul directly to Historic Downtown.

  • July 29 Firefall

    They call the Steinbaugh “home.” Join 5000 of your closest friends for a magical evening with Jock Bartley and the timeless tunes of this legendary Boulder band.

  • August 5 Hamilton Loomis

    If you’ve seen him, you know—if you haven’t—it’s time. Straight from the heart of Texas, Hamilton and band are flat out amazing—taking the Bo Diddley Beat right to your feet. Let’s dance.

  • August 12 Marcia Ball

    Straight from N’awlins and back by popular demand, Marcia and her smokin’ hot band are making their third consecutive appearance at the Faire.

The Street Faire runs 5 to 10pm. Music is 6:30 to 9ish — rain or shine.

There is excellent food, cold drinks, lots of children’s activities, quality arts, crafts, sundries
and, because of our awesome sponsors, this event is FREE!

Call, text or e-mail me today if you or anyone you know needs real estate help or have any questions about the music festival in Louisville, Niwot, Boulder Bricks, Boulder 29th St or Flatirons. e-Mail michael.hughes@sothebysrealty.com  Direct/Text 303-359-6627 Website:www.bolderrealestate.com

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Boulder Luxury Real Estate Market Rallys

Posted by Michael Hughes-Sotheby’s International Realty-Boulder, CO

Buyers snapped up 125 luxury homes in the Boulder area from November 30th 2009 to November 30th 2010 priced at $1 million or more, a better than 21% increase from a year ago (November 2008-November 30th 2009). That is a discernible improvement from a year ago when the luxury market dipped by more than 50 percent. These were all single family homes in the Boulder Luxury Real Estate market in Boulder County. Whether it is a Pied-De-Terre or your family home, it shows that buyers are feeling more confident. When they look at their portfolio they are no longer running for cover. These buyers couldn’t care less about a buyer tax credit. They do care about getting value and feel more relaxed knowing that there is a prosperous and robust luxury housing market in Boulder County.

Realtors specializing in the high Boulder Luxury Real Estate market say more prosperous buyers are taking advantage of sellers eager to slash prices. In addition  near historic low interest rates are abundant. Now don’t expect those interest rates to stay as low as they are. They are already starting to feel upward pressure. Even if they can afford to pay cash, many high-end buyers will put debt on a house in order to shelter money and seek out higher returns with their liquid capital elsewhere.

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 Resume Foreclosures…

  • B

I can help

Posted by Michael Hughes

It is important  in today’s Boulder real estate market that you know what a short sale is In order for these people to sell their house and move on they either have to come to the closing with money or negotiate with the bank who hold the mortgage to accept less than they owe (short sale).

The Basics: A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan (mortgage).  It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower into foreclosure. A short sale is better for the borrower because it does not impact them as severely (or nearly as long) as a foreclosure does. Both parties (lender and the owner) consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency..

Owners View: These would be sellers are stuck.  They would like to (need to) sell their house in Boulder, but for any number of reasons (bought at the peak of the real estate market, or negative amortizing loans, or ARM’s, or second loans, or HELOC’s or, or,or) they cannot find a price a buyer will pay for the home and that will also pay off the existing loans and closing costs.  Convincing the lender is not an easy job to take less than they are owed.  First of all there must be a compelling hardship where the seller absolutely cannot keep up the payments nor come up with cash to close.
So they must have a proveable hardship (and write a letter in detail regarding what the hardship is). Once all of the documentation is complete a package including the sales contract signed by buyer and seller is sent to the bank for approval.   This is the tough part, it takes patience.  It can take up to 6 or 7 months but usually no fewer than 8 weeks to get an answer from the bank.  If the short sale is approved and  the sale goes through at a lower amount,  the sellers credit is hurt (although not as bad as a foreclosure) and the bank still has the right to claim and try to collect a deficiency.

Buyers Perspective: Short sales provide a unique value opportunity.  If you have the patience of Job. Many times banks approve a price which is a great deal for the buyer.  The main downside for a buyer is the uncertainty.  The bank has the right to accept other offers so even if you were the first offer in to the bank, by the time they get around to reviewing it there may be multiple offers.  It might take two or more months to figure out that the bank will not approve the list price of the house.  Buying a short sale is not for someone who has a certain date in mind or is not willing to be patient while the weeks tick by without any word.  There is no countdown, there are no numbers.  You hear when you hear and the news is not always what you had hoped for.  For the right buyer it is a good opportunity but it is certainly not for everyone.

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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