Once you’ve found your dream home and applied for a mortgage, there are some key things to keep in mind before you close. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, move your money around, or make any major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may impact your home loan.
Here’s a list of things you shouldn’t do after applying for a mortgage. They’re all important to know – or simply just good reminders – for the process.
CLICK HERE to read more...
Today's real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it's more important than ever to know the ins and outs of making a confident and competitive offer.
CLICK HERE to learn the five keys to success for this important stage in the homebuying process.
What is the value of a good home warranty? PRICELESS! A good home warranty can not only save your money on expensive home repairs, it can reduce stress knowing that you are covered. You can't put a price on security and a good night's sleep.
That is why I purchase a home warranty for every one of my home buyers and sellers. When you buy or sell a home with me, I want you to enjoy the process and not worry about costly repairs.
I use 2-10 Home Warranty. Please CLICK HERE to see a short video clip of the value, and peace of mind, a home warranty can provide.
If you know anyone looking to buy or sell a home, please give me a call! I offer a very comprehensive marketing package for my home sellers, and am skilled at writing competitive offers for my home buyers.
Here is your monthly Market Update for June 2020!
This update is for single family homes within Boulder County, the City of Broomfield, and the City of Westminser. If you would like a market update for attached homes (i.e. condos and townhomes), please ask. I am happy to provide you with a Market Update and send it directly to your inbox, at no cost or obligation.
CLICK HERE to see the Boulder County stats.
CLICK HERE to see the City of Broomfield stats.
CLICK HERE to see the City of Westminster stats.
If you have any questions, or if you or someone you know are looking to buy or sell a home, please reach out; I am only a call, text, or email away.
Get the latest real estate market information for Boulder County Colorado! We are seeing a market recovery since the COVID Shelter in Place order in early March. This is good news for both home buyers and sellers!
I work all throughout Boulder County (as well as the City of Broomfield and Westminster).
If I can be of any assistance to you or anyone you know, please do not hesitate to contact me!
CLICK HERE May 2020 market stats for Boulder County. These stats are for single family homes. If you would like to see the stats for condos and townhomes, please just ask, I am happy to send them your way
Please tune in to my business FB page; Terri Taydus - Boulder Colorado Properties, this Saturday, 6/13, at 12:45PM MST for my LIVE, virtual Open House!
I am the LAST person to do a live ANYTHING on social media, yet, here we are!
I will be doing my best to answer your questions, and give you a live walk through of my listing at 2016 19th St #20 in Boulder CO.
Come show me some love and tune in!
CLICK HERE to be connected to my FB Business Page (and while you are there, please "Follow" me for all of the most up to date real estate information in Boulder County, Westminster and Broomfield!)
Beautiful Downtown Boulder home, new on the market as of 5/29/20! 2 Bed / 2.5 Baths, 2 Car Attached Garage, 1227 sq ft. (not counting the garage sq footage) This adorable home is move in ready! Fully renovated in 2016, no expense was spared! The 2 Car Garage is functional and easy to access, and it includes extra storage! Just steps from Boulder's Pearl St, you can walk to all that Downtown Boulder has to offer. This is a DETACHED condo; no shared walls, so it looks and lives like a single family home, with all of the lock and leave convenience of a condo - truly the best of both worlds!
Do you know someone that is looking to make a move to Downtown Boulder? This is a MUST SEE! Please reach out to me today to arrange a tour of this unique property!
Built in 2000
Offered at $1,275,000
Please CLICK HERE for more photos and details.
Please CLICK HERE to virtually walk through this property.
Some GOOD NEWS!
We are showing properties again, and the market is reflecting this good news! With each showing, we are respecting all of the safety protocol for COVID, and taking the necessary precautions to keep everyone safe. This means that there are a few more hoops to jump through: COVID Disclosures to sign, masks, gloves, hand sanitizer, sanitizing wipes, and often times shoe covers (depending on what the Seller requires)
I showed a mountain property this past weekend, it was new on the market, priced in the $600k range, and by the end of the weekend there were two offers on the property. This type of activity is being seen throughout the local market. We are starting to see multiple offers on homes in all price ranges, slightly less in the over $1m mark, but those homes are moving as well!
For my home buyers, I have strategies in place to help you submit a strong offer that gets noticed!
For my home sellers, I have an excellent marketing package that will give your home maximum exposure, and I am skilled at helping you navigate a multiple offer situation!
So what does this mean to you? If you are thinking about selling, NOW is the time to list! If you were on the fence about buying, it’s time to get back out there! Inventory is starting to increase, and interest rates are still low; this is good news for both home buyers and sellers!
Ready? Set? GO!!!!!!
I’m here, and I’m ready to assist you, your friends and family. Please call, text or email if I can be of assistance.
The basic definition of forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower TO DELAY FORECLOSURE.
We have seen a rapid increase in the numbers of borrowers going into forbearance without any knowledge or understanding of what they are doing.
The mortgage companies are not explaining what forbearance is or what happens at the end of the forbearance period. Many borrowers are being put into forbearance without any consent, verbal or written.
It is imperative to read and understand the following:
Based on my understanding, the borrower cannot select the terms of repayment and the bank will not commit to a plan at the beginning of the forbearance. The terms will be decided by the bank and the preferred repayment plan is the lump sum.
The most important advice that I can give consumers is to take any correspondence be it written or over the telephone from your lender seriously. Borrowers are being put into forbearance without any formal consent for the Bank to do so.
Once in forbearance, either by your choice or the Banks, your credit is ruined. The banks are quick to report the forbearance to the credit bureaus and it immediately shows up on your credit even if you have not missed a payment.
The banks that we have experience with WILL NOT send a letter to the lender to have the forbearance removed. The bank will at its leisure report that the borrower opted out of forbearance and did not miss any payments.
We have no idea how long this process will take as this is all very new. Once the forbearance is taken off, you have to bring your mortgage current and make at least two payments as scheduled to eliminate the negative impact of the forbearance.
FORBEARANCE is serious and unfortunately many homeowners will be put into a position where they could lose their homes without even understanding what they are agreeing to.
Document your conversations regarding the forbearance and keep all documents that are sent to you. Make sure that you respond to all correspondence and if you are notified that you have been placed in forbearance immediately notify the Bank that you wish to opt out.
You can ask your lender to do a SOFT PULL of your credit to make sure that the forbearance does not appear and if it does that it has been removed. You need to act pro-actively and not wait.
If you cannot make your payment, then I would advise to try and pay what you can and not skip the payment entirely if possible.
As a company we are collecting as much information as we can through our legal department and our Credit Services to be informed and to help educate our clients as this is very new to all of us.
Written and shared with permission by Joe Taydus of NOVA Home Loans. Please reach out to Joe directly with any questions: (303) 514-1151 or Joe.Taydus@NOVAHomeLoans.com
Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store! Your real estate plans don't have to be completely on hold even while we've hit the pause button on other parts of daily life. Tackling small projects from cleaning the corners you may normally skip, to tidying up your yard, are easy and necessary wins if you're thinking of marketing and selling your home once life starts to return to normal. CLICK HERE to read more!
Here is the market update for Boulder County, for March 2020. Please CLICK HERE for details.
This update is for single family homes. If you would like the market information for condos and townhomes, please reach out to me; I will happily email the market information directly to your inbox.
During these uncertain times, real estate is not quite "business as usual" however I am still here to answer your questions, and be of assistance remotely.
Most importantly, a huge THANK YOU to all of our first responders! They are the true heroes!
I hope this post finds you and your family healthy and safe, please do take extra care during these difficult times.
Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.
As of today, 4/8/2020, Here in Colorado we are under a Shelter in Place order to keep everyone safe. This order does not allow us to meet face to face with our clients at this time. This means no in person showings, meetings, or open houses. But thanks to technology, we are able to conduct business and continue to sell and list homes.
PLEASE NOTE: The real estate landscape is changing day by day, so this information could be yesterday's news by tomorrow, but for today, this is how we are proceeding.
Although buying and selling real estate is still possible, I have advised my clients to hold off until it is safe to meet in person. If you are reading this and are in dire need of buying a home or selling your home, please reach out to me; there are ways I can still help you, albeit from a distance.
What does this distancing look like if you are buying or selling your home:
Obviously buying or selling is not ideal during these times, however it IS doable ;)
Both myself and WK Real Estate are set up to work with you remotely. Through the use of technology, we can host virtual walk throughs, and meet via online platforms such as Zoom.
To read more about how technology is aiding us to best serve you during these difficult times, please CLICK HERE.
Most importantly, stay safe, stay home if you can, and stay healthy.
And last but not least, thank you to all of our first responders! You are appreciated beyond measure!
As I did my morning search for available properties, I noticed something peculiar. THREE multi-unit investment properties were on the market, all priced under $1.7m, in great locations within the city of Boulder!
On occasion, one of these types of properties will pop up, only to be quickly snapped up by an eager investor. But THREE? And on the same day? In good locations?
Then I thought about it. There is fear in the market due to people needing to self-quarantine, and mandatory shut downs of so many public places, such as restaurants, bars, and businesses where the public would ordinarily gather, etc. People that own mom and pop shops, are self-employed, restaurant owners, etc. are scared, and many of them are wondering how they are going to financially sustain themselves. Tenants are losing their jobs, or at the least being temporarily laid off or forced to stay home, many without pay. This will make it nearly impossible to pay rent. Many students have already moved home leaving their rented spaces near campus uninhabited , and possibly without paying rent. This puts landlords in quite a predicament. Many landlords still need to pay the mortgage on these properties, and with no rents coming in, they may be considering cutting some of the weight, selling off some of their investments...and pricing them for a quick sell.
My prediction is that we are not only going to see this with multi-unit investment properties, but single family homes and condos / townhomes that were purchased as rental properties as well.
Some investors will hold on and ride it out, waiting for life to stabilize. Others will maybe shed a property or two to lighten the load during these uncertain times. This is a sad state of affairs, and my heart goes out to those that feel the need to "unload" an investment that they worked so hard for.
The small silver lining in this is that if you have been trying to get into the market, there is a chance that you may see more properties become available, at a reasonable market rate! This could be a good time to buy.
Our current environment is uncharted territory for all of us. Right now, it is not quite "business as usual" I personally am practicing social distancing and self-quarantining as best I can while working from home. Although I do not have a way to know what the near future holds, for now, the title companies are still open (with a limited staff); and I think we may see more remote transactions taking place very soon. Homes are still selling; while taking precautions to not further the spread of CONVD-19. That is the landscape for now.
If you are looking to purchase a home, please reach out. I am happy to discuss how we can make this happen and still practice healthy distancing.
If you are reading this blog, I sincerely hope that you and yours are safe and healthy. Please do all that you can to stay healthy and prevent further spread of this dreadful virus.
There is a lot of uncertainty in the world today, and home buyers and sellers are scared. They are worried if 2008 will repeat itself. But I have good news! THIS IS NOT LIKE THE LAST TIME!
Buyers are still buying and Sellers are still selling; although in an effort to stay healthy and not further spread CONVID-19, the way we do day to day business has changed a bit. I am happy to discuss with you the measures I am taking to keep my family healthy and to protect my clients :)
Now is not the time to panic! Please CLICK HERE to watch a short video about how this time is not like the "last time"
Market Update for February 2020 Boulder County Market for Single Family Homes. Looking to buy or sell a home? I can help Would you like a Market Update for condos and townhomes? Message me and I will send an update right to your inbox. Buying or selling outside of Colorado, or outside of the Colorado markets that I service? I can help you find a reputable agent in your area! I am here to help.
CLICK HERE to learn more!
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. NOW is a great time to market and sell your home! Please CLICK HERE to read more...
There are many clear financial benefits to owning a home; increasing equity, building net worth, growing appreciation and more. If you're a renter, it's never too early to make a plan for how homeownership can propel you toward a stronger future. CLICK HERE to read more...
Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Setting it at or slightly below market value will actually increase the visibility of your listing and drive more buyers your way. If you’re thinking about selling your home this year, let’s get together so you have a professional on your side to help you properly price your home and maximize demand from the start! CLICK HERE for more information.
Learn & Sip; Real Estate Tips!
This is a FREE event!
Come hear from one of the local industry's top home appraisers, Adam Howell, and learn which home improvements add value to your home, and which improvements are considered "maintenance" and do not add additional value.
Terri Taydus and Kate Kelley, licensed Realtors with WK Real Estate, will be on hand to discuss how appraised value can affect the sale of your home.
Adam, Terri and Kate will be available to answer all of your questions regarding market value, marketing and selling your home!
Complimentary appetizers and drinks will be provided.
Space is limited, so CLICK HERE to reserve your space today!
The expert forecast is looking bright when it comes to the 2020 housing market. Let’s connect to talk about how these numbers can bring you one step closer to homeownership this year.
When closing out another year, it's normal to wonder what's ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.
CLICK HERE to see what the experts are saying.
December 2019 Real Estate By the Numbers! Looking to buy or sell a home in 2020? I can help! Please reach out to me for a complimentary consultation :)
Knowing what's happening in the real estate market is key to making your home search a successful one. Let's connect to determine how low mortgage rates and more can drive your process forward.
Winter is a great time to list a house, since inventory is traditionally low, and most sellers are holding off until spring to put their homes on the market. CLICK HERE to learn more about how to get your house ready to sell!
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster and more beneficial sale. CLICK HERE for more information!
Home buying activity (demand) is up, and the number of available listings (supply) is down; which has caused some to voice concerns about affordability. Just last week, however, First American came out with a data analysis that explains how price is not the only market factor that impacts affordability. They studied prices, mortgage rates, and wages from January through August of this year. CLICK HERE for more information on these findings.
September 2019 Market Update
Here is your Market Update for the month of September!
Please CLICK HERE for your Boulder County Market Update.
Please CLICK HERE for your Broomfield CO Market Update.
Please CLICK HERE for your Westminster CO Market Update.
If you have any questions, or know of anyone looking to buy or sell a home in Boulder County, Broomfield or Westminster, please contact me.
I can also refer you to a reputable Realtor® in a different area (anyplace in the country) if you are looking to buy or sell outside of one of the areas that I service!
I hear you! Home Buyers BEWARE!
Home security is becoming more commonplace, and for very little money, a potential home seller can quickly and easily install a “security device” to record a potential home buyer’s actions and conversations.
Welcome to the world of high tech! With devices such as smart thermostats, nanny cams hidden in everyday items, and inexpensive items such as what appears to be a simple phone charger, a home seller could easily record a potential home buyer’s conversation within their home to use as leverage during negotiations.
Depending on where you live, a device that records your voice, may or may not be legal. Please seek legal counsel regarding your state’s laws if you have any questions or concerns.
So what does this mean if you are shopping for a home? Here are some tips to help you avoid tipping your hand while viewing homes with your buyer’s agent ; speaking of, make sure your buyer’s agent also keeps a tight lip while showing you property! They should not be discussing value, condition, or anything else that could be used against you during negotiations, while inside of a home you may be considering.
What about smart doorbells?
This too is a reality in today’s world. Do not stand on the front porch and chat about the home you just saw. Again, consider anything you say to be going straight from your lips to the seller’s ear.
The smart doorbells are pretty easy to spot, but a hidden nanny cam on the front porch may not be.
But baby it’s cold outside! (or hot)
I live and work in Colorado; the winters can be quite chilly and the summers hot. It is sooooo much more comfortable to stand inside to chat with your agent, or under the shelter of the covered porch. DON’T DO IT!
If the temperature outside is not comfortable, and you don’t want to walk to the sidewalk, or your car to chat, save the conversation for a phone call, or head back to your buyer’s agent’s office to have a conversation.
Sellers BEWARE!
Before you decide that it is a good idea to record a potential home buyer’s conversation as they move through your home, it is best practice to consult with legal counsel first. There could be serious legal consequences if it is illegal to record someone without their consent. Different states have different laws; know the laws in your state before electing to record or listen to unsuspecting buyers.
Sellers, if your listing agent is aware of such devices in your home, it is possible that they too could deal with legal consequences if said device is illegal to use on unsuspecting home buyers and their agents in your state. If you are listing a home with a recording or listening device, you may want to check with your brokerage to verify the best way to proceed.
Technology is our friend, and it can make our lives much more convenient. However, in this day and age, an ounce of prevention is worth a pound of cure! Be mindful that the sellers may be watching (and / or listening)!