Tag Archives: sell house boulder

Did you Know…….?

The price of gold on the day of the opening ceremonies of the 2008 Beijing Summer Olympic Games 8/8/08 was $857.80 an ounce. The day of the opening ceremonies in London the price of gold was $1,617.90. – BTN Research
Housing starts climbed to an annually adjusted 760,000 in July. – Commerce Department
That is a 37% increase from 2009’s 554,000 housing starts. – Treasury Department
It is still way below the 1.1 million housing starts needed to just keep up with our growing population. – Mortgage Daily News
32% of homes are owned free and clear. – Federal Reserve
24% of home owner’s with a mortgage are underwater. – Federal Reserve
In 1880 72% of Americans lived on farms. In 1920 that number dropped to 50%. Today just 2% of Americans live on farms. – Social Security and the EPA
1% of the population accounts for 21.8% of all health care expenditures. 5% of the population accounts for 49.5% of all health care expenditures. – National Institute for Health Care Management
The average American aged 65 or older makes 8 visits per year to a doctor, a hospital and/or an emergency room, that’s once every 1 ½ months. – Center for Disease Control
The cost of living in the US increased by 25% in the decade of the 50s, 28% in the 60s, 103% in the 70s, 64% in the 80s, 33% in the 90s and 28% in 00s. – Department of Labor

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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Why the house isn’t selling

Yes there are a few properties still sitting on the Boulder real estate market. Clearly there is something not quite right here.

I have sold luxury homes in Boulder for some time now and I often get calls from upset sellers who are having a tough time selling their property. I get their frustration. Most people start off the conversation with the same question, which is, “Why haven’t we even had an offer on our home?” I have talked about this a lot in my blogs however I think it is worth repeating. It boils down to a few reasons why your house didn’t sell.

  • Did you price it right? All a realtor can do is present the data. It’s your home, and you make the decision on how quickly you want to sell the home. If you ignore good data and price it high, the home will sit, sit, and sit. When you decide to price it right, the home will sell, but the decision is entirely up to you. I provide (data) you decide (the price). I then decide whether or not we are a good fit. I list Boulder real estate to sell not sit.
  • Does your home show well? If it does show well and it is in excellent condition we can move on. I always hire a stager for my sellers, it helps give them an objective eye for the property.
  • Do you have great marketing? Great marketing is multi-pronged with print, internet and creative modes of delivering the property to the market for massive exposure, not only locally but globally. Sotheby’s International Realty is the only true global brand in Boulder.
  •  It’s the first and most important rule of real estate. Location, location, location. If you have a bad location or a challenging location, you may have a difficult time selling your home. The only thing that you can do to fight a rough location is to price the home well below market value. You have to make the price so appealing that a buyer would ignore the setting because the price is so good.

You want to get it right straight out of the gate so all of the above must be in place to super saturate the market with your property. It must be everywhere so that the guy in California who is up at 2am and is nervous about where he and his family are going to live, sees it over and over and over on site after site.

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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Time to Sell

It’s spring and homes show better in the spring than at any other time of year. Seasons are becoming less of an issue. January, February and March were some of my best months thus far since 1998.

Buyers for Boulder real estate are psyched to buy now. Buyers have taken to stealthing out sellers in neighborhoods, where nothing is for sale and at parties, ears perk at the merest hint of anyone thinking of selling.

Negative economic news continued to play a big part in the sluggish home sales during most of last year. People have pent up demand. The stock market has come back and buyers are feeling flush.

Bad economic news and massive uncertainty lowers consumer confidence. With all the negative economic news it tailspins buyers in to feeling little to no confidence. That is over in Boulder where buyers are abundant and houses for sale are few, driving prices up and bringing multiple offers on homes properly priced.

With consumer confidence on the upswing; interest rates historically low and unemployment decreasing; we have the perfect storm for Sellers. High-demand, low-inventory market gives sellers an edge.

These positive indicators combined with a drop in homes for sale at the end of 2011 and a decrease in unemployment may provide huge opportunities for sellers in 2012, provided their homes are priced right for the market.

Any major surprise on the economic front could change the picture, but regardless of the economic indicators, the best time to sell is when the time is right for you, the Seller.

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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Boulder Buyers Market-R.I.P.

It’s been noted lately that the “inventory for new homes in Boulder is fairly thin.” That is an understatement. I have not seen so few homes on the market since around 1999. I know this because as a Realtor I was also in the market in 1999 for a home for myself and my kids after a divorce. There wasn’t much available. Have you noticed also, that prices in that all too familiar log jam, are starting to break and move up if ever so slightly, much to sellers’ delight.

My theory; the Boulder buyers market as we knew it, is over. Hail in the new Sellers Market. Not that you can overprice and expect to sell quickly, however if you do put a reasonable price on a property you will sell. Condition of course as always must be stellar. Location; the closer to the heart of Boulder all the better.

Like stocks you’ll never sell at the top nor buy at the bottom. That only happens after the curve is established. Boulder real estate has always been a great investment . The average Boulder real estate homeowner who purchased in 2002 gained 28% in equity while those who bought in 1998-2001 have gained about 46% and that in a “down market.”  Mortgage rates have declined over the past 50 years to record lows.

Now is a great time to sell. With the lowest inventories since 1999, record low mortgage rates and demand that is solid, now is the time to sell your Boulder real estate. For maximum global exposure a Sotheby’s marketing plan tailored to your property is the way to go; focusing on “Lifestyle” not bedrooms and bathrooms. Every buyer looks to satisfy a lifestyle, a need for living the reflection of their hopes and dreams. Sotheby’s International Realty is the only website and marketing plan that allows buyers and sellers to search via lifestyle criteria. Sotheby’s is a true International brand and not simply a loose marketing alliance. Consistency yields results.

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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Boulder Real Estate Negotiation

Posted by Michael Hughes

Negotiation: (Ne goshee aysh n) The reaching of agreement by means of competitive, collaborative or compliant negotiation. The goal to win and control, influence and persuade. The biggest fear of Boulder real estate negotiations by buyers or sellers is that you will be taken advantage of, be rejected or criticized. In other words you will pay too much or sell for too little, give too much or get too little. The trust level in negotiations can be from zero to willing to build, to eager to trust (not recommended). Power can be abused, shared or given away (once again not recommended). The tactics can be intimidation, broken record, take it or leave it, what if and asking why. I always use a combination of competitive and collaborative. Typically gathering information for using or adopting solutions and options. Primary emotions can range from anger, optimism or fear. I come from a firmly grounded desire for my clients, never fear and always emotionally detached. The main method of influencing is self interest (of my clients), sound logic, exchanges, uniqueness, sameness and contrast. The way you create value affects how it gets divided. Focus on the right brain then bridge to the left logic bound side. When you persuade, speak of interest, not reason.

I am a Certified Negotiation Expert in the Boulder real estate market. Always bringing my clients the best of what they want. If you have any questions about negotiation, would like to comment or need help buying or selling Boulder Real Estate or if you are interested in Listing your Boulder Real Estate please, TEXT, call or email me. You can also visit me at my Website. Thanks for reading. Michael Hughes at Fuller Sotheby’s International Realty-Boulder, CO

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Boulder Real Estate Transaction…Please be Mature!

Some Boulder County home buyers and sellers need to be reminded to be grown-up during their Boulder Real Estate Transaction. I know you’re anxious. I know you’re maxed out trying to handle work, your family, your loan, the sale of your  home, your deadlines or your closing on the buy side. But you will help yourself immensely if you remember to be mature as the transaction unfolds.

Get all your paperwork in so loan conditions can be met in a timely fashion, like before the deadline. Initial and sign all the paperwork. Your Realtor will sit down with you to go over this, answer any questions and you also have the option of running it by your legal adviser. This is a business transaction not a drama. Talk everything over with your Realtor. Use your Realtor as your trusted advisor. Could there possibly be miscommunication and misunderstanding; well, yes. Think business transaction. Getting your Boulder Real Estate bought or sold is the goal. Have the intention of getting through it one step at a time. Be familiar with the scheduled deadlines and if your not clarify it with your Realtor. If something goes sideways as it sometimes does in a complex transaction trust your Realtor to talk it over and handle it in a mature manner.

Trust that your Realtor has your best interest as his primary goal.  The faster you raise an issue to your Realtor, the faster he can work to get it resolved.  Whether it’s the other party, the lender, the title company,  the appraiser, or the inspector – if you come across anything during your Boulder Real Estate transaction that makes you angry, suspicious, upset, or confused, take a deep breath and realize the best way to handle this is to be calm.  Remember this is a business transaction and you are an adult.  Stick to the facts and address the issues quickly and  in a courteous manner one at a time. Resolve and move on.  And if you have an issue with your Realtor let him know.  Tell him what you are thinking and feeling.  Speak directly to him. The ‘tonality’ of emails and texting can be grossly misconstrued so always call.

If you have questions about this article or anything Boulder give a call or TEXT me anytime. Michael Hughes. Fuller Sotheby’s International Realty. 303.359.6627 or you can visit my website or you can e-mail me.

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The Naked City

Posted by Michael Hughes  July 17, 2010

Boulder has always been known to be a little different. I had heard of the (WNBR) World Naked Bike Ride throughout the streets of Boulder several years back. Just another quirkiness of Boulder. Seems that people would ride through the streets of boulder in their birthday suits usually on a Thursday. I don’t like the pain nor the lack of sanitation involved with riding like that myself. Don’t get me wrong I think there is a time and a place for nude, just not on a bicycle. Padded bike seats and bike shorts were made with logic in mind. Nude bike riding brings to my mind one word “youch.”

Then of course who could forget Boulders’ Naked Halloween Streak. Where by nude people would run up and down Pearl Street naked, with a hollowed out pumpkin on their head. Many of these people need to keep their clothes on. This lasted until the participants started getting arrested and charged as sex offenders. Game over.

Ah the signs of Spring are in the air in Boulder and what…? Is that a topless gardener for all to see? Yes again the good citizens of Boulder, Colorado, have been exposed to a spring display that is more than the usual iris and virginia creeper. The locals were called when a woman wearing pasties and her co gardener husband were seen both wearing thongs. The rental home is at a street corner with a very low fence, near an elementary school and community garden. Gardening in the buff must be in the Bill of Rights somewhere. The aforesaid semi naked couple did challenge this in court after they were charged with “nuisance” to the community. The couple won.

Most recently the public who addresses the Boulder City Council have started stripping. All the way, the full monty.  Since there are rules of decorum this does not necessarily get your point(s) across (no pun intended). No longer will you be accosted by the public trying to put 1’s in your G-String but you will be faced with removal from the room, possible criminal charges (depending on your body type) and worst of all a 30 day ban from addressing the council.

Well it’s Saturday maybe I’ll go for my morning naked trail run.  I love Boulder and have lived here since the mid 70’s.

If you have questions regarding this article or are thinking you will Buy A House In Boulder please call or text me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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