BOULDER COLORADO REAL ESTATE MARKET UPDATES, MAY 2017

MAY 2017 MARKET UPDATE BOULDER CO REAL ESTATE

and SURROUNDING COMMUNITIES including ESTES PARK

Photograph by Kim Olson – kimolsonphoto.com

NEXT MONTH’S FEATURE TOPIC

Why Isn’t My Home Selling?

SHOULD YOU HAVE A BUYER’S AGENT WHEN PURCHASING

NEW CONSTRUCTION? PROBABLY…

1. When purchasing new construction it seems so easy…no worries as to problems

caused by previous owners.

2. A Buyer’s Agent may have knowledge of the more reputable builders

in the area…ones that can complete the construction on time with your trust.

3. However, there are many unforeseen pitfalls, hidden risks, and complications

involved in the process. How close is oil and gas development?

4. Who will look out for your best interests? The onsite sales representative?

The builder? The job foreman?

5. A Buyer’s Agent will ask to see the specific site plan to review the slope of the land,

possible drainage ditches, an unsightly utility box, and more.

6. Hmm…is it important to you as to how the sun swings around the home?

What is your preference? Is there an HOA? One? Two?

7. A Buyer’s Agent can make recommendations to modify the floor plan to add

both living comfort and long term value.

8. A Builder’s Standard Contract is written in a highly protective manner that favors

the builder…a Buyer’s Agent can assist with contract negotiations, review,

and further explain to-be-expected construction issues.

9. The agent at the builder’s site represents the builder, not you. That builder’s agent

is focused on the best interests of his/her client…the company selling the home.

10. Might it be important for you to hire an independent property inspector to inspect

the property on your behalf at completion? Hmm.

11. Having a Buyer’s Agent represent you when purchasing new construction may be

both paramount to your total enjoyment of the home and to maximize your

financial gain at time of future sale.

RECENTLY “SOLD” FRONT RANGE PROPERTIES

by various real estate agents and companies…

Boulder – 411 Arapahoe Avenue – $3,495,000 4987 Total Sq Ft – 0.24 Acre – Built 2015		Louisville – 754 Hoover Road – $1,280,000 3642 Total Sq Ft – 0.42 Acre – Built 1992

Lafayette – 789 Niwot Ridge Lane – $1,370,000 6526 Total Sq Ft – 0.5 Acre – Built 1998		Longmont – 521 Gay Street – $1,000,000 6856 Total Sq Ft – 0.28 acre – Built 2000