Real Estate News with Terri Taydus, GRI, CNA

“What’s happening in the market?”  This is a question I often get.  The truth is, I am not 100% certain.  The area in which I work, predominately Boulder County Colorado, has always been in high demand.  Even with the crash much of the country saw in 2008, Boulder saw a little blip, then rebounded and stabilized.  Then, as we headed into 2012, prices started climbing exponentially, and for the most part, have not stopped.  Sure, we see the ebb and flow of the seasons, and things flatten out a bit, but overall, the value of homes in this area have been, and remain, a solid investment.

Enter 2019, then roll into 2020, a worldwide pandemic, and a sudden need for more work / live space at home.   In 2019 we were already feeling the pinch of low inventory and high demand.  Sellers thought about selling, but were concerned that they would not be able to find a replacement home so they stayed put.  We were seeing a lot of remodeling, as homeowners decided to improve upon what they already had vs. looking for something new, and so the inventory shortage was born.  2020 marches in, and families found themselves having to pivot and work from home and homeschool their school age children; their homes went from being a place where family lived, to a place where family worked, learned, lived and played; it was a LOT of togetherness!  With restrictions in place, and outings limited, having a backyard, and some private / safe space to call your own was suddenly a desired commodity, and we saw a flood of interest in the suburbs.  The once desirable urban living was waning and the demand for more single-family housing rose quickly; so quickly that the demand was impossible to keep up with.    This demand further tightened inventory, and drove prices through the roof.  We saw rents rise as well, driving even more demand into the market from those that were renting, to try to find a place of their own to purchase.

For homeowners that were in a position to sell during this time life was sweet!  They could basically name their price (within reason) and the offers would flood in, often exceeding the list price by $50k - $100k or more.  Buyer agents were crafting purchase contracts stating that their buyers would not make any requests of the seller to make repairs, and offering to cover the cost difference between the list price and the purchase price should the buyer’s appraisal come in light.  As a buyer’s agent, we were expected to get creative, while still working within our legal limits, and giving our buyers sound advice.  The stress of the past 18 months has driven many agents out of the business.  Buyer and agent burnout has been high, and after spending countless hours looking at homes, often dropping everything to accommodate our buyer and meet a tight offer deadline set by the seller, writing numerous offers, and trying to hold it all together while supporting our buyers, who were feeling defeated and frustrated, our buyers often turned to signing a lease and renting “until the market cooled off” – who could blame them?  It was brutal and heartbreaking both for home buyers and agents alike.

Ironically, it was not easy to be a listing agent either.  Seller expectations were often unrealistic, placing undue demand on their agent.  Even the most professional and kind buyer agents were understandably tired and cranky, and would react out of character when the seller would elect to accept an offer before the offer deadline.  As the listing agent, you would often be the target of that frustration when you had to make the call that the listing was no longer available.  Then there was the buyer fallout to deal with; buyers feeling desperate would make fantastical offers, then once accepted would have remorse and sometimes find a reason to terminate, frustrating agents and sellers alike.

Everyone was tired.  Everyone was burnt out.

 But, back to the original question; “How is the market?”  I do believe that there is light on the horizon!  As it always does, I believe that the market is starting to correct itself.

I am seeing homes sit on the market for a week or more (in a healthy market, 90 days is not unusual).   I am seeing price reductions.   Instead of 15 – 20 offers on a single listing, I am seeing 1, maybe 2 or 3.   Things are starting to normalize.  

This is excellent news for buyers!  I would not go so far as to say it’s becoming a buyer’s market…I think we are a long way from that, and buyer’s need to be mindful that they still have to submit a competitive offer in order to be considered.  However, finding a home, and having your offer accepted, is more a reality now than it has been in the past 18 months!

Although sellers are not rejoicing quite as much, I do see this as a good thing for sellers as well; less fall through transactions / more authentic offers, less adversarial and more cooperative transactions, and more opportunity to find a replacement home.

I do believe that we are heading towards a more stable, healthy, real estate market.

If you have been on the fence, or renting because you were not in a position to be competitive, now may be the right time for you to revisit homeownership!  

If you were thinking about selling, but had concerns about your ability to find a replacement home, now may be the time to revisit your dreams!

I would love to help you strategize reaching your goals!  The market correction is a good thing for everyone! Please reach out to me if I can be of any assistance.

Posted by Taydus Taydus on July 13th, 2021 3:30 PM

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.

Posted by Taydus Taydus on September 11th, 2020 8:49 PM

With interest rates hitting record lows, mortgage lenders are being pushed to the max.  Many mortgage companies are actively trying to hire more support staff, however with little time to train, it’s a learn as you go process for many, which also takes its toll on the process.

 With mortgage lenders being overwhelmed with record numbers of refinances and purchases, this also backlogs the title companies…and the home appraisers…and so on, and so on.

 So what does this mean to you:

  • Make sure, if possible, that your contract dates allow for enough time to get the job done.   Make sure your Realtor® speaks to your lender and sets realistic contract dates as they pertain to you obtaining a loan.
  • Get all of the documentation to your lender in a timely fashion.
  • Be flexible if possible, in regards to time of day you close; the title company may have limited hours and staff during the current health crisis, so you may not get the exact time that you would like on closing day.

Other businesses that pertain to the sale of your home or purchase of a new home may be impacted as well!

  • Home inspectors may have a backlog because of the rush to purchase while the rates are low.
    1. This includes secondary services such as a sewer line scope, and Radon.
  • Your Realtor® may not return your text, email or phone call quite as quickly as they normally would; they too are busy, and having to be extra diligent to insure their buyers’ purchases and sellers’ sales are making it to the closing table while navigating all of the backlogs.
  • Home warranty companies are feeling the pinch!    
    1. With more people working from home, home warranty companies are struggling to keep up; appliances and HVAC systems are being used much more than normal, and breakage is occurring.


  • If you need to make a claim during these crazy backlogged times, please do NOT call the claim center!  To expedite your claim, please follow these two steps:
    1. File your claim online
    2. If you are in need of assistance, please bypass the claims line and contact my sales rep directly, and let her know that you are my past client:

 Karen Hyman

2-10 Home Warranty

(303) 229-9071

It’s a great time to buy or sell a home!  Work with an experienced Realtor® to help you navigate your way to a successful closing, and be sure to do your part to sign and provide documents in a timely fashion, in order to keep your transaction moving along and meeting deadlines.

Please do not hesitate to contact me if I can be of any assistance.

Posted by Taydus Taydus on July 25th, 2020 11:28 AM

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

Posted by Taydus Taydus on June 10th, 2020 8:23 PM

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!)

Posted by Taydus Taydus on June 10th, 2020 6:05 PM

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.

Posted by Taydus Taydus on May 29th, 2020 8:02 PM


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.

Posted by Taydus Taydus on May 12th, 2020 6:56 PM


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:

  •  At the end of the forbearance period one of three things happen
    1. A lump sum payment is due so if your mortgage is $1,500 per month you will owe $4,500 due and payable at the end of the three months
    2. The bank will agree to a repayment plan that is supposed to be no more than 6 – 12 months so the above borrower would have to pay an extra $750 per month in addition to his regular payment for six months
    3. The third option is that the missed payments will be added to the end of the mortgage term with no additional accrued interest

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 

Posted by Taydus Taydus on May 8th, 2020 4:11 PM

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!

Posted by Taydus Taydus on April 19th, 2020 5:06 PM

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:

  • You will not physically be able to view properties
  • You will not be be able to do a final walk through in person
  • You will not be able to meet with a home inspector at the home
  • Your closing will be remote, or possibly via a drive up situation
  • You will not be able to attend or host an open house

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!

Posted by Taydus Taydus on April 8th, 2020 7:25 PM

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.

Posted by Taydus Taydus on March 20th, 2020 5:49 PM

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...

Posted by Taydus Taydus on February 29th, 2020 10:46 PM

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...

Posted by Taydus Taydus on February 17th, 2020 5:12 PM

Here is your market update for Boulder County, Broomfield and Westminster!

Thinking about buying or selling your home?  I can help.  Please contact me if you, or someone you know, is thinking about buying or selling :)

CLICK HERE to see the Market Update for Boulder County single family homes (use your browser's back button to return to this blog).

CLICK HERE to see the market update for the city of Broomfield single family homes (use your browser's back button to return to this blog).

CLICK HERE to see the market update for the city of Westminster single family homes (use your browser's back button to return to this blog).

Would you like to see a market update for condos and townhomes?  Just ask!  I am happy to provide you with that information.

Posted by Taydus Taydus on February 9th, 2020 6:32 PM

See what a difference an hour makes in the housing market!  CLICK HERE to read more...

Don't forget to "Fall Back" on Sunday 11/1/15
Posted by Taydus Taydus on October 31st, 2015 2:48 PM

Check out the results of the latest Pulsenomics survey.  Of course this is a "big picture" approach.  In individual pocket areas the values could be much higher or lower.  Working with a licensed Realtor to buy or sell a home is the best way to make sure you are keeping up on the current market in YOUR area.

CLICK HERE to
Posted by Taydus Taydus on August 22nd, 2015 12:11 PM

Then National Association of Realtors' most recent Existing home sales report revealed that home sales were up rather dramatically over the last year!  CLICK HERE to see a breakdown of how prices increased in various price points.

Are you tempted to list your home For Sale By Owner (FSBO)?  Did you know that by listing your home with a licensed Realtor you could actually end up selling your home for MORE money?  CLICK HERE to take a look at some of the things you will have to be prepared for as a FSBO.

Lastly, real estate, like any other profession has good an bad.  Here is a list of 5 demands you should make on your listing agent...CLICK HERE...
and tagged: #boulderrealestate
Posted by Taydus Taydus on June 16th, 2015 10:20 AM

Many potential home sellers are on the fence about marketing and selling their home because of concerns about finding a replacement home.  I can help!  There are strategies that are available to you that you may not have thought of.  If you are considering selling your home, let's sit down and discuss.  My consultations are always free and you may end up with a new game plan that would allow you to take advantage of the current seller's market, and move towards your dreams of a new home :)

If you thought about selling your house this year, now may be the time to do it...CLICK continue reading...
Posted by Taydus Taydus on May 28th, 2015 8:16 AM

The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report.  Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March...CLICK read more...
Posted by Taydus Taydus on May 26th, 2015 9:08 PM

If you are planning on selling your home over the next two years, now may be the time to act.  Demand is high, supply is low and many homeowners are benefiting from an almost auction atmosphere with several buyers fighting for their house in the current multi-bid environment...CLICK HERE to read more...

We are seeing a lot of high-density housing being developed in Boulder. If you are on the fence about selling, keep in mind that these new developments will become your competition. NOW is a good time to sell ;)

Posted by Taydus Taydus on May 23rd, 2015 10:53 AM

Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report.  The report covered three important aspects of the housing market:

1. Buyer Demand
2. Supply of Housing Inventory
3. Single Family Residential Prices

CLICK HERE to read the full article...

Posted by Taydus Taydus on May 17th, 2015 1:47 PM


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