Trends

“Relocating to Boulder, Colorado?”

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!

Uncategorized

“Your Home: An Asset or a Liability?”

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.

Trends

“RECESSION PROOF YOUR HOME”

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.

Trends

“HOW IS THE BOULDER REAL ESTATE MARKET HOLDING UP COMPARED TO THE REST OF THE U.S.?”

Because I have been among the top real estate agents in the nation for over 20 years, I have the opportunity to network with many various agents from around the country. Because of this network, I stay pretty closely attuned to what is going on in luxury real estate markets in the rest of the country. So far, Boulder luxury real estate is pretty healthy compared to the rest of the United States. If you would say that the luxury real estate markets in the rest of the country are dying then you would say that in Boulder Colorado our luxury real estate market just has the flu. Good homes in good locations that are priced well are still selling in this real estate market. They have to be in good condition and buyers are pickier but we are still selling houses in this real estate market. In fact, in 2008 The Bernardi Real Estate Group sold 168 properties.

Around the country, real estate depreciation has taken a toll on many luxury real estate markets. Miami is seeing depreciation at about 1-2% a month, Las Vegas is depreciating up to 3% a month, Southern California is depreciating 1-2% a month and in Detroit some houses are selling for $8000 that were formerly sold for $100,000 because there are so many foreclosures in that real estate market.

So, once again, if you are buying or selling real estate in Boulder County then we are still in a relatively healthy real estate market compared to the rest of the United States.