Seller’s Conundrum: Drop $$ on New Carpet or Just Be Lazy and Drop?

No, you don’t always need new carpet. I recently read an article by Marni Jameson, a syndicated writer carried in papers around the country, and my own Denver Post. Her column insisted on the need for buying new carpet in order to get the highest price and fastest offers when selling your house: “Why don’t I…

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Clauses That Get the House

In many parts of the country, established homes (not new construction) are selling in less than a week. Every market has a pricing “sweet spot” where these short listing times are most common. In the Denver area, that number rose from under $300,000 to almost $350,000 in only one year. These homes typically receive multiple…

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Why are these new homes so far apart?

New homes are being built faster than we have seen since the mid-1990s. For example, the Denver area is growing at an incredible rate – with base prices of new homes increasing from $4,000 to $10,000 per month, depending on the size of the house and the builder. The neighborhood pictured here is located between…

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Buyer’s Agents are Worth Every Penny Now

In most parts of the country, established homes (not new construction) are selling in less than a week. Imagine being a real estate agent trying to help his or her client find a home in these conditions! In hot markets like today, Buyer’s Agents must help you determine quickly and with certainty these four things: What…

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What’s all this about Seller Protections and Appraisal Guarantees?

I recently read an article in our local Business Journal about the quick upward spike in home prices here in Denver, and markets like it, around the country. When we see the conditions known as a “seller’s market” we begin to notice interesting techniques employed in the home purchase process – usually in additional clauses in purchase…

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When Buying is Cheaper Than Renting

In the 1990s and early 2000s, when the real estate market was “out of control” or experiencing a “bubble” or however you want to describe “on fire”… the big push was to get renters to become homeowners. The pitch was something like “why pay rent and get nothing, when you can own a house for the…

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Watch Your Step!!!

I do a lot of appraisals for people refinancing their house. Just as many people use FHA (government-guaranteed) loans to refinance as they do to buy homes. And with the recently-lowered Mortgage Insurance rates, I expect to see even more. FHA/HUD has tougher requirements for their lending than banks who do conventional loans. As an…

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On Sale Now!! Your New Home

OK, so houses don’t ever really go “on sale” – but what if you could get your house for “10% off!”? There ARE some things you can do to be a smart shopper and buy “on sale” versus paying full price. And remember, when you’re talking about something that costs a couple hundred thousand dollars,…

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The Appraiser’s Coming… What Should I Do?

With interest rates at an all-time low, it’s not only a great time to buy a house, it’s an even better time to re-finance the loan you have. Refinancing a loan is, in most cases, going to require an appraisal. And the higher the appraisal, the better for the borrower. So what can you do…

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Oh Crap! The lights went out again!

The term “Obsolescence” is often used in real estate appraisals. We go into External Obsolescence and Functional Obsolescence in great detail in our guide “Buying the Recession-Proof House.” Recently I came across a great example of Functional Obsolescence while appraising a house that was being purchased: Here are two photos of “conditions” this property suffered,…

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