Category: Buying a Home In Colorado: The Guide

The Importance of Determining the Current Market Value of a Home



May 7, 2012As a home buyer, you want to know that you are making a good investment.   Part of making a good investment means knowing the value of a home, in the current conditions.  This way, you  will know when to walk away from a bad deal. Or, recognize the deal of a lifetime if it shows up. But how do you determine the value of a home?  Is it the listed price or asking price of the home?  Can...

Top 4 Tips for Best Home Insurance Coverage



May 2, 2012While it is not required by law that you buy homeowners insurance in Colorado, it is required by your lender if you have financed your home. Therefore, most homeowners insure their homes.  Here are some important tips to get the best coverage for you. 1.  Shop around. There are many insurance agencies offering the same coverage for different prices.  Get quotes from at least 3 different...

Why Buy A House in Colorado: Investment & Ownership Benefits



April 27, 2012Why Are You Buying A Home: I beleive that there is a distinct difference in what the home buying experience and ownership will be like for a person looking to make an investment compared to the person just looking to own.  In the past, real estate was a conventional and reasonably safe investment.  Now, reading investment blogs and articles, many argue that it is often a better investment to...

Home Search Strategy: Home Renovations



April 25, 2012Home renovations & home improvements play an important role during all phases of home ownership- from house hunting, to actually living in the home, to selling your home.  Here are some of the most important parts of the home search strategy to consider during the home buying phase.  Understanding how the homes conditions will affect the other phases will help you make wise decisions. Part...

Pitfalls of Making a Low Offer on a House



April 13, 2012Your Buyers Agent Can Help You Get the Best Deal While Avoiding Pitfalls of a Low Ball Offer We have been talking alot about negotiations, seller patterns and what to expect during negotiations.  A common misconception is that during a down economy, sellers will accept really low offers.  With the help of your buyer's agent, you can make the lowest reasonable offer, get a great deal on your...

Assessed Value: How Accurate Is It?



April 5, 2012Every odd year in Colorado, an assessor for the state assesses the value of homes to determine taxes due on your home.*  Last year, our assessed value was about $5,000 less than the amount we paid for our house earlier that year.  Not a fun little bit of information to get in the mail!  Does this mean that our home had lost value over the last year, or, possibly, that the assessed value is a...

“Fix and Flip”: What Are Accurate Expectations?



March 23, 2012Here are some important tips for beginner investors interested in fix and flips.  Determine if you have what it takes to become a serious fix and flip investor and set realistic expectations about your potential profits in this type of investment in the current market conditions. What is a fix and flip? In short, a “fix and flip” scenario means that an investor buys low and sells high....