September 2010

1379 Padfield Place in Erie, CO | MLS 639846 | Erie Homes For Sale

Phil Boren

Wednesday, September 22nd, 2010 at 6:21pm. 348 Views, 0 Comments.

NEW LISTING!  1379 Padfield Place in Erie, CO (MLS 639846).  No expense spared in this rare Greek Revival home in coveted Erie Village.  From the unique 3-story design, 4 private balconies finished with Brazilian wood, the stunning Mountain views, to the 576 square foot carriage house built above the garage that could be finished as a rental or in-law unit with a separate entrance . . . this one-owner home has to bee seen to be appreciated.  This is an outstanding house in a great neighborhood!

The quality of construction and attention to detail are evident throughout this smoke-free home, and the cul-de-sac location is private.  Additional features include high ceilings, custom window and door treatments, generous closet and storage space, art…

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Erie CO Homes For Sale: Erie Real Estate Market Trends

Phil Boren

Thursday, September 16th, 2010 at 11:47am. 256 Views, 1 Comments.

Erie, CO homes for sale: Erie real estate market trends are encouraging.  Over the past 2 years, the Erie residential re-sale market has improved slightly, according to data from IRES on 9/16/2010.  Erie Commons and Erie Village are two of the more popular residential subdivisions, but there's a wide variety of housing available in Erie.  Summarized in the following table, the median price of a sold listing in Erie has increased by 2.7% - not dramatic, but positive.

Specifically, looking at the above results by month, in July of this year the median re-sale price of $383,600 was the highest since March of 2009, and was the 2nd highest in 2 years.  Other indicators also point to an improving market in Erie over the past 2 years:

• The average…

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Buying a Boulder Home? Managing Your Credit is Critical

Phil Boren

Wednesday, September 15th, 2010 at 4:23pm. 220 Views, 0 Comments.

Buying a Boulder Home?  Managing your credit is critical . . . maybe more critical than it has been in recent years.  There are a lot of pieces to this puzzle and unless you've been living under a rock lately, it probably comes as no real shock that tight credit is a fact of life these days.  Lenders have a gauntlet set out, even for the most qualified home buyers it seems.

The rules have changed and home buyers now have to manage their credit before, during the home-sales process, and even right up until the day of closing.  A far cry from the "old days", but a fact.  Most people realize that their credit report will be pulled as part of their mortgage loan application and approval.  But, many don't yet know that their lender may be required to pull…

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Boulder Smart Regs: Boulder Landlords Get Some Compromises

Phil Boren

Friday, September 10th, 2010 at 4:46pm. 583 Views, 0 Comments.

Boulder Smart Regs: Boulder landlords get some compromises in the final version.  Boulder City Council passed the much-debated new "Smart Regs" at the meeting on September 7th, with a final vote expected at the next meeting on September 21st.  Rather than being tied to the issuance of rental licenses, the final version will apparently require Boulder landlords to comply with the new energy upgrades on every unit (via a 100-point system), by Januaty 1, 2019.  If passed, this will enable owners to implement the required changes over time, rather than right away.

Seen by many as a viable alternative, the required upgrades will still have to be implemented on Boulder rental properties eventually.  It remains to be seen whether the extra costs associated with…

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Buying a Boulder Home? Tips on Buying the Right Home

Phil Boren

Tuesday, September 7th, 2010 at 6:03pm. 207 Views, 0 Comments.

Buying a Boulder home?  With inventory higher and interest rates low, this may not sound like a very challenging topic.  Buying a home should be relatively simple and straight forward, right?  Well, yes, and no.  Buying a home may seem relatively straight forward, but buying the right home is anything but simple these days.

In the "good old days" we had market components that were basically the opposite of what we see today, i.e. low housing inventory and mortgage-loan approvals available pretty much for the asking.  As a result, the dynamics of the market were vastly different than what we have now.  Home buyers routinely accepted what they felt were "minor" flaws in a property and bought it anyway.  There were three primary reasons:

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