Real Estate Made Easy! - The Caraballo Group

Servicing the Northwest Metro Real Estate Market.
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Duane's Real Estate Digest

  • Just Listed! 3 bed Ranch Home with Basement Guest Bed & 3/4 Bath Next to Park!

    Arapahoe Ridge, Erie  -  Announcing a price reduction on 1780 MaCullen Dr., a 2,400 sq. ft., 3 bath, 4 bdrm single story. Now $299,000 - GREAT PRICE!.

    This is one is great new kitchen, new bath and updated baths. Low maintance living in pedestrial freindly neighborhood.

    Property information

  • Fence sitting Buyer's may want to think about getting down

    It’s pretty obvious that government intervention and market depreciation presents an increasingly great opportunity for 1st time homebuyers. It also presents great opportunities to buy up for current homeowners. Some of the reasons are:

    Last week the 30-year mortgage rate dropped below 5 percent and rates are at the lowest levels since at least 1965, according to Freddie Mac.

     

    Couple that with the recently enacted $8,000 tax credit and improved affordability and you have one of the best opportunities to help an ever-growing population of incentivized buyers purchase their first home.

    Others:

    Increase loan amounts on conventional loans and FHA
    Decreased values for bargain shopping
    A slight loosening of credit/loan requirements
    New almost 0% down loans
    Decent amount of homes to choose from (months on market will vary in the county based on price range and locations)

    So what’s keeping you from making the move? Job security perhaps and probably more so than contemplating weather the bottom has been "reached" fact is by the time you figure out where the bottom is its already on its way back up. Boulder is showing 5.5% unemployment so we aren't as bad off and "desperate to sell" but inventory numbers are swelling in conjunction with seasonal trends so now is a great time to take a closer look.

    Let me know if I can help. Call for a free consultation. 720.890.9273 duane

     

     

  • Top Relo's Destinations

    Here is a great way to impress your friend back home on your "localness". 

    1. Best Hotesl: St. Julien / Boulderado.
    2. Best Restuarnts: Medetrrainian resturant / Sushi Torra/ Pasta Jay's/ Rhumba restuarante.
    5. Best "Strolling"  Pearl St. Mall. /The Hill (younger crowd).
    8. Best Concert venues: The Boulder Theatre, Fox Theatre.
    9. Best entertainment mag: Westword Magazine.
    10.Best local newspaper: The Daily Camera/The Daily Weekly.

    Anything else just call me: 720-890-9273- Duane

  • Monthly Market Summary-Boulder County

    A statistical monthly look at market activity throughout the county. Let me know if you have questions...
    Material provided by the Boulder Area Realtors Association.

    Duane

  • RELO's: Value & schooling Dilemas

    Depending on your market of origin it seems expectations are rarely met. Whether you have sticker shock or your CA home dollars aren't getting you what you though in terms of "newer", finishes, sqft and lot size (with views of course) close to downtown boulder. Furthermore you are being introduced to this alien idea of "open enrollment" for schooling. Everyone wants to buy in the "best" neighborhood schools , but can't fathom living in an overpriced and obsolete floor plan so you are given yet another variable to consider. Do I buy the home I want and gamble on a school lottery to get my child into the school I want, or do I look at a compromise of sorts? Of course you really want the best of both worlds and having lived in Boulder for 20 years I can honestly say that a happy family/schooling life CAN exist within the system devised.

    Thought for food:

    1st: A majority of the schools here on average are better than many public schools throughout the country. Lets just say the PAR rate here is possibly better.

    2nd: Open enrollment allows for you to choose your top 3 choices. I can name 5 great schools in the county AND on your way to work.It's fairly easy to get in K-5.

    3: As the market dollars shift into evolving agricultural communities turning into to moderate-affluent communities (the burbs) the tax resources and new schools start to flourish attracting better teachers and jobs to the area.This should improve on-line scholastic testing such as CSAP scores.

    4. Real estate agents, by law, cannot give advise/recommendations on schools. Home buyers are advised to do their own due diligence. Ask your agent about resources which would allow you to come to your own conclusions as well contact the schools directly for further information. Agents may share personal experiences and know general "here-say" about some schools but liability issues could arise if its perceived as "steering or miss-information". Much like a CPA or Lawyer, school issues should be addressed with those who know best about the subject ALL the time. From a housing perspective lets shop those neighborhoods which have the qualities and programs you seek out. We recommend visiting this site to find out more and compare schools


    Whenever we have people who are "scouting" we have established a tour system which is devised to let you absorb the area, schooling options as well as locational amenities and "lifestyles" without being too over bearing. Too much home shopping without getting a good overall sense  of the communities, schools and value proposition balance can be overwhelming and demoralizing. 

    We know this process is stressful and sometime are conducted in the most inopportune times as well. Our suggestion is consider an initial tour highlighting the most important aspect YOU desire.

    There is so much more I could go over and encourage you to ask in this open forum.

    Duane

  • Un-permitted finished basement work horror story

    If you are considering purchasing a home with a finished basement you may want to look into the history of the work and make sure it has been constructed up to code. This is particularly true in older turn of the century homes that have been completely remodeled but of which were not originally constructed by todays standards and lack appropriate drainage. A recent incident involved a consumer purchasing a turn of the century home After being advised to pursue the reluctant seller/agent principal to provide documentation that is was permitted they purchased it "as-is". 6 months later and 6 feet of snow build up found water draining inside the home and saturating a pre-existing wall which was never removed. The moisture build up led to mold and possible health issues arise. Code would never allow such construction practices and questions of material knowledge now may arise with an ensuing law suit. In order to correct the problem would require a complete tear-down ($30,000 on 1000 sqft) and rebuild. This is a hard lesson for newly weds expecting their newborn son in less than 3 months.

    Duane