RE/MAX Alliance Colorado Real Estate

Building a home? Here's why hiring an agent would be beneficial


An agent doesn't just assist in selling and buying homes for clients but they can also be an expert in guiding you when building a house as well. They can point you in the right direction for what features to have and possibly negotiate builders for lower prices. Building a house without an agent could be a big mistake in the long run. Here are the reasons why hiring an agent while building your own house would benefit you and your home. 


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Does Zillow have reliable information? 


Zillow is the largest online property resource, but is its information reliable? Zillow obtains its property listings from the real estate agents who publish listings to their respective local Multiple Listing Services. If it weren't for real estate agents contracting listings, there would be no information on Zillow, apart from a few for sale by owners. That could lead you to believe that Zillow's information is accurate, except that agents receive information on the property searches they set up for their clients in real time, while Zillow has a lag time.  By the same token, when a status of a property changes from For Sale to Under Contract or Sold, Zillow often doesn't have that update to its information. It benefits Zillow to have a show of more properties avaialble for sale and receive inquiries, than to have the most updated, accurate information. 


Inaccuracy also holds true for Zestimate home valuations. Since Zillow doesn't know neighborhoods the way a real estate agent would. It pulls from sales that are not necessarily in the same neighborhood or that meet the same criteria as the house being valued. A 3 bedroom house is not a comparable sale for a 4 bedroom house that is in another neighborhood. A split level is not a direct comparison to a 2 story or ranch home.  Above ground square footage has more value than below ground. 


So, if you want the most up to date sales information and property values, it is your local real estate agent that can give you the most accurate information. 



Home projects that can add value and take a small amount of time From RISMedia's housecall, High-Resale Value Projects You Can Tackle In a Weekend


From the kitchen, to the bathroom, to the back yard, projects are all around the house. Whether it is to make the room more cozy or enhance the practical aspects there is always a project that can be done in a weekend. RISMedia's housecall explains many projects homeowners should under-go to add value and appeal to their home.


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The Future is Now. Purchasing Real Estate with Bitcoin


Did you know that since March 2014 Bitcoin has been used in Real Estate purchases? 

Most of the transactions have involved the Buyer converting bitcoins into U.S. dollars to actually finance the purchase. But in December 2014 the first bit coin only real estate deal occurred. As reported by Andrew Zaleski on “Ivan “Paychecks” Pacheco, co-founder of cryptocurrency website Bits to Freedom, transferred 17.741 bitcoins ($275,000) to a seller to buy a two-bedroom condo in Miami. In early February, bitcoin investor Michael Komaransky sold his Miami mansion in a deal where the buyer—again, anonymous—paid the $6 million listing price almost entirely in bitcoins (455, to be exact).” Stephen Burke of Brown Harris Stevens, who completed the 2 Miami deals, expects it to become 25-30% of his luxury real estate firms sales. 


Can this happen in Colorado you may wonder? The answer is yes. Working with a Title company that is experienced in closing cryptocurrency deals is a key. That being said, some cash is required to pay for traditional closing costs. Cryptocurrency is considered property in the U.S. and when converted is subject to capital gains tax, as well. 


By its nature, cryptocurrency has fluctuations, which is an added factor and risk when establishing price. On the other hand cryptocurrency technology is very secure. Major world companies are looking at blockchain to verify digital certificates. 


If you are thinking of making a sale or purchase with bitcoin, I can help!




Why not to believe all the remodel advice from reality TV. From Realtor magazine, 4 Renovation Myths Reality TV Shows Propagate


Home improvement is something all homeowners think about at some point while owning a house. However, home improvement reality shows put a inaccurate picture in the home owner's head about the effort and time it truly to take to under go such projects. Check out this article from Realtor magazine discussing the common myths of home improvement.






Is it a safe investment to buy real estate in Boulder County and the Front Range?


In a "hot" market where prices continue to rise, is it a good idea to jump in and purchase, whether as a primary home or investment property? According to the Federal Housing Finance Agency, the answer is yes. In the below chart you can see that prices have risen steadily since 1978 at an average 5.537% annual appreciation. Boulder County is one of the most stable markets in the country. There is no sign that the current climate will change anytime soon. The overall economy is strong and the Colorado economy is one of the best in the U.S., making the entire Front Range a good place to own real estate. Unless there is a dramatic economic downturn, there doesn't seem to be a scenario where there would be significant depreciation of real estate. While there are always "flat" periods, where there is a fluctuation of 3-4% price decrease, there has always been a rebound since 1978.


Start your property search and contact me to show you your next home or investment property in Boulder county or the Front Range. 





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