October 1, 2009 by karenbernardi
CU Boulder’s census figures released last week that the total number of enrollments a total of 1.6 percent over the last year’s highest record. There 5,519 new freshman students entering this year, and of that number about 58% are Colorado residents and the other 42% are from out of state. CU’s Chancellor, Phillip DeStephano, said that the increase in enrollments were not expected because of the economic situation in the country, and “Despite those factors, when we see the strong numbers of returning, transfer and new graduate students, it is clear that CU-Boulder is holding its value even in the toughest economic times.” This will prove to be good for the rental market in Boulder, and the overall economy here.
Find great deals on college rental property investments at www.bernardirealestate.com or call us today 303-402-6000
Sincerely,
Karen Bernardi
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October 1, 2009 by karenbernardi
According the Boulder County Business Report, Boulder and surrounding areas are racing out of the recession faster than the rest of the country on average. The unemployment rate for Boulder County dropped from 6.6% to 6 % from July to August, and in Broomfield from 7.7% to 7.1%. While the national unemployment rate across the US rose still a bit from 9.4% to 9.7%.
We’re thankful to be living here too, and we look forward to helping you with any real estate needs. Visit www.bernardirealestate.com
Sincerely,
Karen Bernardi
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October 1, 2009 by karenbernardi
Indicators show positive results that the economy and the overall real estate market in Boulder is finally picking up in 2009. Usually there is a lull in movement in the market when school starts, so it’s normal to see that overall property sales in Boulder county have slowed in the past two months, however we see an 8.6% increase in the number of properties sold or under contract so far in September this year compared to September last year. Over 70% of all the properties sold so far this month are in the price range under $500,000, about 23% in the $500,000 to $1 million, while only 6% of the properties sold were over $1 million.
During the months of July and August, condo sales in Boulder sped up quite a bit, statistics show that in August condos spent 50% less time on the market before selling, (sold twice as fast) compared to the months of June & July. While the average time that residential homes take to sell in Boulder remained relatively the same through June, July, and August.
With help selling your property or finding a great deal on one, visit our website and contact us today… www.bernardirealestate.com
Sincerely,
Karen Bernardi
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August 28, 2009 by karenbernardi
If you live in or near the Boulder area, it should interest you that in a recent article published the 11th of August, Business Week named Boulder the Strongest Housing Market in the U.S. today! Other U.S. cities that experienced an exaggerated spike in housing prices in recent years are now suffering the consequences of the economic downturn and the housing market crash considerably harder than Boulder along with a few other metropolitan cities.
Out of all the now fortunate metro areas that did not partake in the housing bubble (many college towns on the list), Boulder ranks number one on the list of strong housing markets to date. The University of Colorado at Boulder plays a huge part in keeping both the job market and the rental market steady in Boulder, and because Boulder is such a beautiful city many students never leave after they graduate. Boulder homes have kept their values high relative to other real estate markets during the recession, and with limited growth and natural stunning open space surrounding it, Boulder is one of the safest places to invest in real estate in the entire country.
Click here to see the full article.
Contact us today, we can help you find a great investment in Boulder County……….. Phone: 303-402-6000
website: www.bernardirealestate.com
More news…
There’s never been a better time to buy a new home than right now, especially if you’re a first time home buyer. The Recovery and Investment Act of 2009, is offering first time home buyers a tax credit of up to $8,000. You can qualify as a “first time home buyer” if you have not owned your principal residence in the past 3 years, owning a rental income property does not disqualify you from the credit.
The offer expires December 1st of this year, so don’t delay; stop paying rent and start owning your own home. Call us to set up a meeting with an agent today who can help you find a great deal on your new home, recommend a reliable mortgage broker, and inform you about the entire buying process.
Contact us today, we can help you find a great investment in Boulder County……….. 303-402-6000
website: www.bernardirealestate.com
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July 27, 2009 by karenbernardi
I just got off a conference call with a real estate broker from Valencia, California where they are receiving multiple offers on properties, especially those priced below $500,000. Is this good news for Colorado real estate and especially Boulder real estate?
In the early 90’s when California was faced with earthquakes and riots, the Californians were anxious to move to Boulder, Colorado. In the last few years there have been many Californians with the desire to move to Boulder however we didn’t take them too seriously because it was impossible for them to sell their homes in California in order to relocate to Boulder, Colorado. However, now that their homes are selling in California lets hope that holds optimism for Boulder County Real Estate!
Posted in Trends | Tagged Boulder Colorado Homes, boulder luxury home, boulder real estate, Buying Real Estate, Economy, Home Sales, Real Estate, real estate agent, Real Estate Depreciation, realtor, Residential Real Estate, Selling Real Estate, The Bernardi Real Estate Group | Leave a Comment »
July 22, 2009 by karenbernardi
For years and years in the Boulder real estate market we always considered our personal residence an asset. An asset that would keep growing and growing, giving and giving. Unfortunately too many of us have used our homes in the United States as a credit card, never the intended purpose of a residential property. I ask my sellers many times when I go to visit them at their home – is this home truly an asset at this point or is it a liability to you? If you are no longer getting the benefit of the enjoyment of living in your property, if you cannot maintain the property and certainly if you cannot afford to make the payments on your property then the property is a liability, not an asset and should be sold.
Posted in Uncategorized | Tagged bankruptcy, Boulder Colorado Homes, boulder real estate, Economy, Investment Banker, Real Estate Depreciation, Residential Real Estate, Selling Real Estate, The Bernardi Real Estate Group | Leave a Comment »
May 7, 2009 by karenbernardi
You know how when you see a great movie or eat in a fabulous restaurant you just have to tell everyone about…well…this message is really more of a testimonial, endorsement.
I have always been a raving fan of McStain Homes during my 26 years selling real estate in Colorado. I have sold more McStain Homes than any other builder. This was not a plan, they were just great homes.
With so many Colorado builders going “belly-up”, many buyers are concerned about after closing warranties, which is a valid concern.
Well…here’s the story…I have a resale McStain Home listed. Now, McStain Homes have always been great with after closing service but this home is 8 years old!
A potential buyer raised some concerns about the construction. The sellers called McStain and within 24 hours the customer service rep for McStain was at the property acting like a superman coming to save the world!
He pulled workers off of jobs to make any repairs that might be a concern to this or any buyer for FREE! His comment was, “we want to help all McStain homes sell wherever!”
I have know this sort of service to be standard for McStain through the years, but, honestly we all wonder in these time when nearly everyone is cutting costs…will even the best need to reduce their standards? Maybe some, but not McStain. I took a few lessons from this…
I will work hard to have someone tell a story like this about my company. I was wise to sell so many McStain homes and I will continue in confidence to do just that for many years to come!
Posted in News, Trends | Tagged #1 Agent in Boulder, boulder real estate, Buying Real Estate, Colorado, Home Sales, New Construction Home, Perfect Home, Real Estate, real estate agent, realtor, Selling Real Estate, The Bernardi Real Estate Group | Leave a Comment »
February 19, 2009 by karenbernardi
When the majority of homeowners start falling behind on their mortgage payments they become ostriches, in other words, they stick their heads in the sand and go into a state of denial. Soon it’s too late to do anything about it. There are many things that we can do to stall foreclosure and get people out with their credit relatively intact. If they owe more than their home might be able to sell for in the current real estate market then this is called a short sale.
We have done a number of these short sales here at the Bernardi Real Estate Group and this is the way that some homes, even in Boulder County, are being sold in the current real estate market. The most important thing in a short sale situation is that we receive an offer from a buyer because the bank will not even begin to negotiate on a short sale until we get an offer. Once the offer is received, we go to work and negotiate with the bank to forgive the current debt up to the amount of the sale. In fact, in most cases, with every short pay we have done this year we have seen that the bank has forgiven all of the debt of the difference between the sales price and the loan amount. They have forgiven what would normally be called short fall or a deficiency and in many cases they will forgive what is called the deficiency judgment. In fact, for every home in a short sale situation that we have sold, the bank has forgiven the deficiently judgment.
If your loan was originated before January 2008 then there is no tax consequence on the amount of the loan that is forgiven. Prior to the bill being enacted last spring by Congress, you were taxed on the difference of the amount forgiven by the loan company. My expert lenders have told me that if a homeowner does a deficiency judgment that their credit is then virtually repaired and they would be able to buy another home within 2 years. If they let the property go into foreclosure, it would be 7 years before they would be able to buy another home. My belief is that by helping families do short sales, I am helping our community and the neighborhoods in all these cities in Colorado that have been affected by foreclosures such as Erie, Lafayette, Longmont and even a few cases in Boulder and Niwot. I feel that in the cases when I’m able to help these homeowners that I’m also helping the communities to not further deteriorate into crisis.
Unfortunately, if the property goes into foreclosure it could sell for no more than 50 cents on the dollar. The pipes could break or the grass goes brown and these foreclosed homes become an eyesore in our community. I feel like I am doing the homeowner a big favor by helping them to salvage their credit as well as assisting them to move on in a dignified manner and by doing that we are also doing the right thing for our community. I believe that I am also helping our country by facilitating the absorption of the real estate inventory in Boulder Colorado to help expedite the end of our real estate recession. In addition, I’m helping our banks because they will receive more money than they would if the property went into foreclosure and this will in turn aid our country. Lastly, I’m helping the buyer because they are getting a great deal on a property that has not been vacant for 6 to 9 months.
If you are facing a foreclosure situation then please call us here at The Bernardi Real Estate Group because I can help.
Posted in Trends | Tagged #1 Agent in Boulder, Boulder, boulder real estate, Colorado, Economy, Foreclosures, Home Sales, Real Estate, real estate agent, realtor, Selling Real Estate, The Bernardi Real Estate Group | Leave a Comment »
February 16, 2009 by karenbernardi
If you are thinking of buying a new construction home especially in Colorado, there are a number of builders that have an overstocked inventory. It is very important that you hire a great buyers agent (like the buyers agents here at The Bernardi Real Estate Group!) to represent you. It is imperative to understand how stable a builder is, what is the probability of them continuing and finishing out the project, what the homeowner fees are, if there were any special tax assessments and especially what kind of a buy can you get on the new construction properties. These are the things that buyers agents working with The Bernardi Real Estate Group can help you with.
With over 100 years of combined real estate experience in Boulder County, The Bernardi Real Estate Group can help you like none other. Give us a call at 303-402-6000!
Posted in Trends | Tagged #1 Agent in Boulder, Boulder, boulder luxury home, boulder real estate, Buyers, Buyers Agent, Buying Real Estate, Colorado, luxury property, New Construction Home, Real Estate, real estate agent, realtor, The Bernardi Real Estate Group | Leave a Comment »
February 12, 2009 by karenbernardi
One way to recession proof your property against depreciation in what many would consider to be a declining luxury real estate market is that you own a home in beautiful Boulder Colorado. That may be your first and most important step in recession proofing your home.
Updating your home and keeping it well maintained including keeping the roof in good repair and getting the kitchen and bathrooms updated are the kinds of things you should do in case your life situation changes and you need to move quickly. If you keep up with the maintenance on your home then your home will be ready quickly and in perfect condition to sell. In addition to being ready for the possibility of having to sell you also get the joy of living in a property that is updated. Remember that in many cases your home is your most important investment so keep it in good repair.
If you ever want a list of people who can help you with keeping your home up to date such as decorators and contractors or you just want an evaluation of your property to see what the value is in the current real estate market, then give us a call here at The Bernardi Real Estate Group because that’s what we do.
Posted in Trends | Tagged Boulder, boulder luxury home, boulder real estate, Colorado, luxury property, Real Estate, real estate agent, Real Estate Depreciation, realtor, The Bernardi Real Estate Group | Leave a Comment »
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