Category Archives: homes in boulder

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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Bullet Proof Real Estate

Boulder Real Estate on Left

Forbes Magazine says. As the economy seems to unravel around us these cities are bucking the trend as the top 25 Recession-Proof Cities. Bullet proof as it were. These are the 25 metro areas in the U.S.  leading the bull market in real estate. Also Q2 stats are out about the Boulder area in the governmental websites that I track which substantiates what Forbes is saying. The bottom (in Boulder at least) is over, done, finished, adios. What does this mean? It means we will continue to see more and more multiple offers, higher prices and competitive bidding for Boulder real estate and Boulder luxury real estate.  The statistics for the increase in home prices for this story come from Zillow. While I vehemently dislike Zillow as a tool to figure out what your home is worth (they are extremely inaccurate 98% of the time-up or down) they do a good job of tracking price changes in the market. For this list, Zillow poured through home and real estate price data for 499 metro areas, reviewing values for homes both on and off the market using list prices, final sale prices, tax records, and property histories. Three markets in our great state of Colorado made it on to the Forbes 25 Recession Proof list; Boulder, Fort Collins and Pueblo. According to Zillow; Boulder real estate Second Quarter 2011 Price Increase: 1.6% First Quarter 2011 Price Increase: 0.5% Price Plunge Since Peak: 6.7% decline. According to the government website Second Quarter increase: .12% at least Zillow is going in the right direction.   Read the entire story in Forbes.

Michael 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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When should you pay more than asking for Boulder Real Estate?

Posted by Michael Hughes

Home sales in most of the country are floundering yet in Colorado and particularly Boulder, Boulder real estate is hanging in there. Unlike Detroit or some other areas,  I won’t mention, people actually ‘want’ to live here. We see the healthy lifestyle, coffee, world class dining, convenience, outdoor sports, 300 days of sunshine and a lifestyle to love. Boulder; home to the happiest people on the planet.

Couple that with low interest rates and now you have multiple offers with prices surpassing asking price. This of course will occur when a great listing comes on the market and it’s priced at or under market (did you know you can never price a property too low-the market will bring multiple offers and push it up, often past where the price should be-the market is a force and it is never wrong-I have used this as a strategy and it does work).

Paying over the offer price for Boulder real estate can be a good idea if the property has all the bells and whistles you want and as long as it appraises unless you are offering cash without an appraisal. Make sure it will appraise and that the price can be justified by recent sales activity in the area. Your Realtor can pull all this data together to see if it makes sense.

*Fair market value is the price a willing and able buyer will pay and seller will accept with neither party under undue pressure to act.

The decision of how much to offer should be based on a sound knowledge of market data/values in the area, your personal financial situation and lifestyle goals. If you do choose to pay more than the local comparable sales indicate, recognize that you may not be able to sell for the price you paid right away.

Michael is a longtime resident of Boulder and a Realtor with Fuller Sotheby’s International Realty. If you have questions regarding this article any of the neighborhoods or have any questions about Boulder 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 103

Boulder Neighborhoods 103-An Introduction-Check out 101 and 102

Old North Boulder is bridled on the north by Iris and on the east by 19th St, on the south by Balsam and on the west by Broadway. Right in the thick of Boulder real estate without the Newlands price tag. Big trees, quiet, some views of the foothills, some scrapers and numerous renovations and still renovatable properties. Parks, Iris gardens, North Boulder Rec Center and the rather large community gardens all within walking/biking distance of Ideal Market, Vics Espresso, Rada,  Breadworks, Safeway, Buddha Thai Cuisine.

Schools in the area are Crestview Elementary, Foothill Elementary, Columbine Elementary and Casey Middle School

University Hill is bordered by University on the north border and some believe it actually goes to Arapahoe as the north border, Broadway is the eastern edge and 9th St as the western border and then to the south where it completes at Baseline. If you go further south you will start to discover Chautauqua Park. As you head west of Uni Hill it becomes slightly more tranquil. Building here started in the 1800’s up to the 1950’s. Many homes being restored to their former splendor. Some homes being scraped for newer construction. Near world class hiking, climbing, scenery and numerous cultural events being held at Chautauqua auditorium from classical to rhythm and blues. University Hill is tough to beat for a continuing strong investment with a highly desired location.

Schools in the area are Flatirons Elementary and Casey Middle.

Martin Acres is Boulders’ beloved triangle for Boulder real estate bordered by Table Mesa  on the south to Highway 36 Turnpike  to the East and Broadway to the West. What is often called affordable Boulder because you can still buy in for around $400,000.   Residents often gather to celebrate community events, pitch in and help each other with philanthropic projects or wave to one another while cycling on the Bear Creek Bike Path. Convenient, quiet and secluded neighborhood.  Surprisingly great views from many homes’ vantage point.  Shopping is nearby and if you commute to Denver or Golden or want to ski in any of the majors this is very convenient.

Schools in the area are Creekside Elementary and Manhattan Middle School.

South Boulder is considered Table Mesa to the North and Broadway to the east all the way up to the foothills. A large area with older homes, new builds, newer homes, and wonderful views. Some affordable Boulder real estate homes ready to renovate. Easy access to numerous  trails. Because of the Bear Creek Elementary school this is a hot area with parents that want to get there children in to the Bear Creek School district. Convenient, quiet, secluded however close to all amenities. Fantastic up close and personal views of the Flatirons.  Shopping is nearby and if you commute to Denver or Golden or want to ski in any of the majors this is very convenient.

Schools in the area are Bear Creek Elementary and Southern Hills Middle School.

If you have questions regarding this article any of the neighborhoods 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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We’re Number 3, We’re Number 3 . . .

Colorado comes up Number 3! America’s smartest states Check it out!

If you have questions regarding this link 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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Boulder Real Estate Housing Shortage

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

Everyone is focusing on the fact that there are foreclosures and cheap housing to be had; all things being relative that doesn’t really relate to Boulder real estate because we have so few foreclosures. Ok yes we have some foreclosures and some short sales. But everyone is looking “over there” and not looking at the impact of what may likely be the biggest housing shortage of all time.  The thought right now is with fires, teardowns, lack of new builds and worn out properties, we need at least 1.6 million new homes (in the U.S.) right now to just keep up with the population growth. Housing starts are down. The population is growing. When we have job growth; Lookout!

According to RealtyTrac 315,716 properties had foreclosure filings last month. The filings included default notices, auctions and bank repo’s. Mortgage rates are very low. Mortgages are not difficult to find if you have a solid job and good credit. Investors and savvy buyers are snapping these properties up to add to their portfolios. Smart buyers are buying now. When you think of vineyards you think of micro-climates. Boulder is one such micro-climate in the U.S. real estate market. Boulder is the beacon of value and prices staying at a good and sustainable level. Once the job creation is back in place we will have some double digit years of appreciation coming in the Boulder real estate and the Boulder luxury real estate market.

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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Phantom Strikes Boulder

Posted by Michael Hughes – Sotheby’s International Realty – Boulder, Colorado

Phantom Sculptor strikes again in Boulder. The underground scene is alive and well in Boulder, Colorado. Similar to Boulders’ version of Banksy in London, no one seems to know who the sculptor is. An anonymous statement. Whereas Banksy “graffiti” or “art” is clearly a style of satirical street art and subversive epigrams combined with  irreverent dark humor; no one seems to know what the “meaning” of the sculpture is that was planted in the front of some Boulder real estate late last week.

Does there need to be a meaning to everything? Well not really. It is fun and somewhat whimsical and to Donna Coughlin the Boulder Home owner, a little nostalgic as this happened 23 years ago when a CU artist named Mark Guilbeau dropped a sculpture on to her front lawn and left the same gift; Again this time attached to the base of the sculpture was a round tin box holding a pair of earrings and a note with letters and words cut from a magazine spelling out “We hope u enjoy this thing,” signed with the letters PS. Again the box and the earrings appeared. Mr. Guilbeau was unavailable, as in, not to be found for comment. Coughlin found the similar earrings in a box attached to a sculpture that mysteriously appeared in her front yard more than 23 years ago, in 1987. Click here for the entire story.

Another mystery sculpture has appeared in Boulder. This time, employees at the Boulder History Museum noticed the artwork as they arrived Tuesday morning. It was standing on the front lawn of the museum. A set of earrings in a box attached to it as well. Similar to the Coughlin sculpture.

Boulder is truly an amazing place to live. World class athletes, entrepreneurs, eclectics, a small town feel, close knit community activism and artistic eccentricity to balance it all out.

Happiness is a choice. Joy is a journey, not a destination.

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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