Walnut open houses this weekend

May 20, 2011 in Open Houses

543 Dewey Ave

Sunday May 22nd  2-4pm

Your Hosts: Tom Precourt 303.921.9080 & Courtney Craig 720.987.9651

Rare, LARGE, south-facing buildable lot (verify with City) with nice views near Downtown & Mt. Sanitas. SOLD AS LAND VALUE WITH A USABLE HOUSE. This property has potential as a remodel, or build your dream home on this 10,000+ sq/ft lot! Home is livable with a licensed ADU for additional rental income. Wonderful, quiet street bordering Mapleton Hill and Newlands, walking distance to downtown, Ideal Market & hiking trails. The property is sold “As-is”. Personal Representative’s Deed.

1863 Tansy Pl

Sunday May 22nd 12-3pm

Your Host: Dunbar Hardy 303.859.7992

GREAT VALUE FOR NEWER-BUILT IN NORTH BOULDER! MOVE-IN READY! Hardwoods w/Open Floor Plan – Living Dining & Kitchen Island All Blend Together w/Stylish Double Sided Gas Fireplace. Slab Granite Countertops, Cherry Cabinets, Stainless Appliances. Vaulted Master Suite w/5-Piece Luxury Marble Slab Bath & Walk-in Closet. Upstairs Laundry Room. Unfinished Basement w/9′ Ceilings. 2 High-Efficiency Furnaces & Central AC. Slate Tile Rear Patio, Xeriscaped Lot on Sprinkler System. Great Nearby Amenities!

Falling Foreclosures?

May 17, 2011 in Foreclosure Homes, National Real Estate

Fewer home owners are losing their homes as the number of foreclosure filings sank to more than a three-year low in April, RealtyTrac reports.

The number of foreclosure filings in April dropped 34 percent from a year ago, also marking the seventh straight month of declines, and reaching its lowest level since December 2007. Foreclosure filings include notices of default, scheduled auctions, and bank repossessions. Also, 69,532 homes were repossessed in Aprilan 8.6 percent drop from March and a 32 percent drop from last September’s peak.

Banks being blamed for faulty paperwork continued to slow the pace of foreclosure activity last month, but many foreclosures still loom, experts warn. About 3.7 million borrowers are at least 90 days late on payments.

However, there are hopeful signs of a turnaround: The employment picture is improving, which will allow more home owners to make payments and banks are completing more loan modifications to keep borrowers in their home. Banks completed 77,000 mortgage modifications in March, which is a 26 percent increase from February.

States With the Highest Foreclosure Rates
Nevada, Arizona, and California continue to post the highest foreclosure rates in the nation.

Ten states account for more than 70 percent of all foreclosure activity in the country: California, Florida, Arizona, Michigan, Nevada, Illinois, Texas, Georgia, Ohio, and Colorado.

Source: “Foreclosures Down 7th Straight Month,” CNNMoney (May 12, 2011) and “Faulty Paperwork Slows Foreclosure Activity, Survey Shows,” Reuters (May 12, 2011)

Our open houses this weekend

May 13, 2011 in Open Houses

423 Juniper Ave

Sunday May 15th 11-1pm

Your Host: Paul K. 303.885.9520

An elegant and well crafted home in one of boulders most sought after neighborhoods. Lot is huge and footsteps to sanitas trailhead. Just completed renovation features timeless design, gourmet eat in kitchen, breakfast nook, steam shower, porte cochere, and detatched 3 car garage with unfinished loft. Attention to detail and high end finishes throughout. Come see one of boulders best.

431 Arapahoe Ave

Sunday May 15th 1:30-3:30pm

Your Host: Kathryn Whelan 303.810.2408

One of Boulders best creekside homes,this newly remodeled Victorian is a modern gem.The main fl boasts an open fl plan w/exposed brick,gourmet kitchen & designer lights.Radiant heat throughout house along w/zoned AC&solar panels give a smart energy footprint.3BD on upper flr w/incredible views of the foothills & lots of sunshine.Attached to garage- studio/guest rm overlooking backyard & foothills.Enjoy hot tub overlooking Boulder Crk & newly built stone stairs.Truly the quintessential Bldr property.

315 Arapahoe Ave #203

Sunday May 15th 1:30-3:00pm

Your Host: Amanda Salzman 303.956.4433

Security, serenity & stylish living are yours at Shadow Creek. 2nd floor unit served by elevator w/ underground parking. Updated kitchen & mater bedroom bath. 2 large storage closets-heated porch room, within listening & viewing distance of Boulder Creek. Stairway down to manicured grounds w/ gazebo perched above creek & outdoor pool. Steps from Eben G Fine park & creek path.

650 S. 44th Street

Sunday May 15th 12-3pm

Your Host: Jennifer Egbert 303.619.1373

Not yet on the MLS, come check out this quaint South Boulder home!

Open Houses to see this weekend

May 6, 2011 in Open Houses

423 Juniper Ave

Sunday, May 8th 11-1pm

Your Host: Paul Kimbiris 303.885.9520

An elegant and well crafted home in one of boulders most sought after neighborhoods. Lot is huge and footsteps to sanitas trailhead. Just completed renovation features timeless design, gourmet eat in kitchen, breakfast nook, steam shower, porte cochere, and detatched 3 car garage with unfinished loft. Attention to detail and high end finishes throughout. Come see one of boulders best!

4229 Sumac Court

Sunday, May 8th 1-3pm

Your Host: Odie Ron 303.619.6688

Great 5br., 4ba. 2805 sq. ft. family home on .27 acre on quiet cul de sac in Palo Park. 2 Master br.’s, 3 br.’s on upper level 2 br.’s on lower, formal living and dining, gas fireplace in spacious eat-in kitchen, comfortable family room, wood floors, updated bathrooms, double paned windows, central air, attached two car garage. Private setting off street at end of cul de sac, large fenced in yard with private hot tub, mature trees and landscaping, strorage shed, foothill views, patio and deck.

3816 Cloverleaf Drive

Sunday May 8th 1-3pm

Your Host: Dara West 303.817.1373

Unique North Boulder 4br. 4ba. 5500 sq. ft 1/3 acre built and designed by a structural engineer for himself. This south facing, passive solar home, has spectacular views and privacy. Multi level living with decks and patios to landscaped areas. Separate master bedroom suite. Studio and 2 br.’s on upper level. Formal and informal living and dining, custom kitchen on main. Large rec room with home theater, office and private bedroom, bath on walkout lower level. Three car garage on private drive.

How to get along with appraisers in the current Real Estate market

May 3, 2011 in Market Info

It is really helpful to know that you can have your listing broker  interface with the appraiser to get a positive outcome. Lenders cannot pick an appraiser, they will be selected by lottery within  the pool of appraisers the lender uses When the appraiser calls to enter the home to appraise, a savvy broker will meet the appraiser at the house with comparable information in hand and in the proper form.

There are certain guidelines and strategies to selecting the comparables that a Realtor would select to present to the appraiser. It is hard enough to get deals to close in this environment so this is one area to take control of.  When interviewing a prospective listing broker, make sure they are aware of the techniques used to have a positive outcome.  You cannot make an appraiser come to value when it is not there but you can spoon feed the information to them to get to value.  Walnut Realty agents have been trained by supervising appraisers to gain this valuable information to help get your home sold. Let us help you get through this difficult part of the transaction.
Tom Kahn

An article on Gas Prices & the Housing Industry

May 3, 2011 in National Real Estate

How Will $4 per Gallon Gas Affect The Housing Industry This Summer?Posted on April 30, 2011 by Ken Horst

If gas hasn’t hit $4/gallon where you live, get ready.  I passed 4 stations today and all 4 were at $3.99/gallon, the highest gas prices we’ve seen since 2008.

According to CBS News’ Bill Whitaker the average American will pay about $750 more for gas this year, per car and some 75 percent of Americans say they are now or soon will be pinching pennies. That’s $750 more per car so in my house that equates to $1,500 more per year or roughly $125 per month.  So what affect can we expect to see in the housing industry this summer?

Here are 3 ways I think high gas prices could impact real estate this summer;

  1. Home buyers may consider looking at less expensive homes.
  2. While for a lot of people, an extra $125 a month may not be a deal breaker in the home buyer market, for those people who living paycheck to paycheck, this can be a  lot of money.  Smart home buyers look at all their monthly expenses, including entertainment, when determining how much house they can afford.

    For some, the loss of that $125 may mean they just can’t or won’t take on the monthly mortgage payment they were originally considering.  For others, they can make the mortgage payment but they are questioning whether or not a higher house payment is worth it when they are losing $125 in discretionary income which may mean less entertainment and dinning out each month.One way to buy a home in this situation and not have to give up the entertainment that we all love is to buy a cheaper home with a lower mortgage payment.

    It will be interesting the see what happens to the median home price this summer.  If it is flat or lower, it’s quite possible that the high price of gas had something to do with it.

  3. Home buyers may delay their planned home purchase.
  4. Worse than driving home buyers to look for a less expensive home is the possibility that some people will simply delay the purchase of a home this season as they wait for this gas issue to blow over.  (and we are all hoping that happens and soon).This will be especially true for home buyers who are trying to squeeze into a home on a tight budget.

    This could also affect home prices as when there is more supply than demand, prices generally go south, which also describes the current housing market.  It started to look like maybe home prices were starting to stabilize in some parts of the country and $4/gallon gas could put a damper on that.

  5. People saving for a down payment will need more time to save, potentially delaying home purchases.
  6. People who are very serious about buying a home are the people that have a plan to save up the money for the down payment they will need for their dream home and stick too it.  These home buyers are generally very fiscally responsible and they probably have a specific date in mind when they will have the down payment in the bank and start their home search.

    For this group of home buyers this simply means they will have to push out the date when they will be ready to start home shopping or find another area of their budget where they can make up the extra $125 a month so they can stay on track with their home savings plan.

Anyway you look at it, the current state of gas prices can only hurt the housing industry in the near future.  In a previous post, The Best Time To Buy Real Estate Is Now, I share a number of reasons why I believe this is a good time to buy a home.

For those home buyers who are on a solid financial footing, I still believe that is true.  But for those home buyers on a tight budget, the current high gas prices will definitely play into whether or not this is the best time to buy a home.

If you are ready to start home shopping, visit MLS Maps for  a list of real estate, homes for sale and MLS listings in your local area.

Bike Share in Boulder

May 3, 2011 in Boulder Events, Colorado News, Community News

Boulder bike-share program to launch in May with 200 bikes

By Laura Snider Camera Staff Writer

Posted: 01/04/2011 09:21:44 PM MST

This map shows possible bike-share stations in Boulder, though the locations are not finalized. When the Boulder B-cycle launches in May, program organizers hope to have about 25 stations and 200 bicycles.

Boulder B-cycleWhat it is: A bike-sharing program that will allow customers to rent a bike from any of about 25 stations in Boulder.

How it works: Riders will be able to buy a membership at any kiosk in the city, then check out a bike. The bike can be returned to any other B-cycle station. Boulder B-cycle is also working to set up a reciprocal program with Denver’s B-cycle system, allowing members from both cities to use all the bikes.

What it costs: A 24-hour membership will cost $5, and a yearly membership will be $50. The first 60 minutes after a bike is checked out is free, and then the cost will be $4 for each additional half-hour.

More information: boulderbcycle.com

When the first phase of Boulder’s new bike-sharing program begins in May, 200 bikes will be docked at about 25 stations set up to saturate the city’s commercial district from the Pearl Street Mall east to the Twenty Ninth Street mall.

“Generally, in bike-sharing, you try and serve an area, like a neighborhood, and then you put stations in close proximity to one another,” said Lewis Wolman, executive director of Boulder B-cycle, the nonprofit behind the new program. “The exact corner isn’t as important as saying, ‘Gee, we’re going to cover downtown so from any point in downtown, you should be able to get to a bike-sharing station in less than a five-minute walk.’”

A map of proposed bike stations for phase one of Boulder B-cycle’s program was provided to the Boulder City Council on Tuesday night, and it shows seven possible stations in the area bounded by Ninth Street to the west, 15th Street to the east, Spruce Street to the north and Walnut Street to the south. Other potential stations are scattered to the east, clustering around the Twenty Ninth Street mall and the retail areas just west of 28th Street from Pearl Street south to the Boulder Creek Path.

The Boulder B-cycle program will work nearly identically to the Denver B-cycle program, which began last April. Boulder’s program will allow anyone to swipe a credit card at a kiosk to buy a membership ranging from just one day at a cost of $5 to a full year for $50.

The membership allows riders to check out a bike for an hour at a time with no additional cost, and the bike can be returned to any docking station in town. Each half-hour the bike is kept over an hour will cost another $4.

The idea is that the riders won’t keep the bike out for long, returning it to a kiosk while they eat lunch or go shopping and then checking out another bike to head to their next destination.

“We emphasize that bike-sharing is not bike rental,” Wolman said. “If you want to bike for a day or a half-day, you should rent a bike.”

In the coming years, Wolman hopes to see the program expand, eventually growing to 1,500 bikes that could dock at 150 stations across town. To be successful, the bike-sharing program will need to eventually spread to the University of Colorado and University Hill, he said. But for now — with limited resources — Boulder B-cycle just wants to get the program started.

“We want to get something down on the ground, show everybody how it works, get everybody excited about it and build demand,” he said. “If we do a good job in 2011, we hope to get phone calls from people asking, ‘Can’t you extend the system out to our office or apartment building?’ Then we’ll know we’ve succeeded.”

The city of Boulder is using a $250,000 federal grant to help launch Boulder B-cycle, but the total cost to implement the first phase of the program will likely be closer to $1.3 million. The annual cost for operating and maintaining the 200 bikes and the accompanying stations will be about $520,000, according to a memo by the city staff.

Randall Rutsch, senior transportation planner for the city, said the new bike-sharing program supports multiple city goals.

“It’s consistent with our policy direction, both our transportation master plan and climate action plan,” he said. “We’re trying to provide alternatives in travel and reduce greenhouse gases and pollutants.”

Contact Camera Staff Writer Laura Snider at 303-473-1327 or sniderl@dailycamera.com.

Read more: Boulder bike-share program to launch in May with 200 bikes – Boulder Daily Camera http://www.dailycamera.com/boulder-county-news/ci_17011815#ixzz1LJES3N9A