Home Ownership

June 15, 2018

The Stock Market vs Real Estate in Northern Colorado

The stock market has given me indigestion over the last several years. In 2008 when we had the worst economy that we have seen in our lives, the market crashed and small local and large national banks went out of business. What did real estate do during that time? Prices ...

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Posted in Home Ownership
April 24, 2018

The Housing Market in NoCo - Rising Prices and a Shrinking Inventory

Buying a home in Colorado is without a doubt a great investment. Colorado ranks sixth in home price appreciation in the U.S. for 2017  with an annual appreciation of 9.76 percent (and a 59 percent increase over the last five years). That rate of return is a tremendous ...

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Posted in Home Ownership
Jan. 19, 2018

A Pre-Listing Home Inspection: Is It Right For Your Situation?

large home

A profoundly troubling situation arises when sellers are caught unaware of problems that could undermine their need to sell their home at its highest potential price. One of the best steps that can be taken to avoid this is to have a professional home inspection prior to listing.

A pre-listing ...

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Dec. 26, 2017

Federal Reserve Interest Rates are Moving Up - How About Mortgages?

This week, for the third this year, the Feds have raised interest rates - this time it was for 0.25 percent. Based on what we are hearing from mortgage lenders, the current 30 year rate is sitting around 3.93 percent right now.

Historically, according to Mortgage Bankers Association, the ...

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Posted in Home Ownership
Nov. 28, 2017

Downsizing to a Smaller Home: Would it Work for You?

Downsizing to a smaller home is not without its challenges. Big regrets can become a reality if you don’t weigh your options carefully.

Good candidates for downsizing are people who have a home that no longer meets their needs. It could be that one has a home with all the ...

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Posted in Home Ownership
Oct. 17, 2017

Reverse Mortgages: Tips & Info for Homeowners

For a vast majority of older homeowners, their home is their largest asset. A home equity conversion mortgage (HECM)—also known as a reverse mortgage—enables owners to access home equity and turn it into cash. Payments are tax-free and can be set up as needed, as a lump sum, or ...

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Posted in Home Ownership