Tag Archives: Sothebys International Realty

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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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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Filed under boulder listing agent, Boulder luxury property, Boulder Luxury Ranches, boulder luxury real estate, Boulder MLS, boulder real estate, Boulder Sotheby's, buy a home in Boulder, Buying a Home in Boulder, buying a home in Boulder CO

Boulder Homes Not Yet On The Market

If you are looking to buy a home in Boulder you will notice very few new high quality listings for sale. Boulder real estate is heating up and as it does, the best way to find a new home is to find it before the competition (other buyers) can to drive the price up in a multiple offer situation. Call me today for homes not yet on the market however going on the market in a short while.

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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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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Happy in Boulder

Boulder is one of the happiest places in the world. If happiness is a choice, is it not true that Boulder is just tolerant of different lifestyles and lets people be who they truly are and want to be in their lives thus allowing them to more readily choose happy?

I choose happy most the time and can usually pull myself out of a funk by not taking it personally. Taking it on my role side not my Identity side works very well, when I remember. I am human of course and will sometimes revert to familiar patterns.

The only key I see left out here is purpose. Without purpose there is no GREAT DREAM. Choose happy it’s better there.

Michael is a longtime resident of Boulder and has been in real estate since the mid 90s 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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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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Filed under Fuller Sothebys International Realty, relocating to boulder, sell boulder home, sell boulder house, sell house boulder, selling home boulder, Sotheby's International Realty-Boulder, Sotheby's International Realty

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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Filed under relocating to boulder, sell boulder home, sell boulder house, sell house boulder, selling home boulder, selling your home, Sotheby's International Realty-Boulder, sotheby's, sothebys international realty