Awards, News

Thank you!

The results are in for Boulder County Gold 2018 People’s Choice Award! Thanks to everyone who voted-I won BEST REALTOR! I cannot thank you enough! Remember, I love to talk about Real Estate. Call me anytime.  303.402.6000  

2018 Boulder County Gold
Karen Bernardi | Best Realtor, Boulder County Gold 2018 People’s Choice Award!
Events

Open House Saturday October 6th 11am-2pm

5101 Saint Vrain Road | Longmont CO

Saint Vrain

Magnificent estate with quality finishes unsurpassed by any other in Boulder county. Spectacular views and quiet country setting! Step inside to the warmth of luxury. Sun filled with walls of windows, rolled travertine tile, vaulted ceilings, arched beams and large art studio. Amazing care taker apartment. Escape to your master retreat with solarium and jetted tub. Let out your inner chef in gourmet kitchen. Close to hiking, biking and horse trails. A short drive to amenities. Stunning horse barn with finished studio. Gated drive.

I would like more information or set a private showing:

Call us directly 303.402.6000

 

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!

News, Trends

Where have all the good builders gone (and the other rumors)??

You know how when you see a great movie or eat in a fabulous restaurant you just have to tell everyone about…well…this message is really more of a testimonial, endorsement.

I have always been a raving fan of McStain Homes during my 26 years selling real estate in Colorado. I have sold more McStain Homes than any other builder. This was not a plan, they were just great homes.

With so many Colorado builders going “belly-up”, many buyers are concerned about after closing warranties, which is a valid concern.

Well…here’s the story…I have a resale McStain Home listed. Now, McStain Homes have always been great with after closing service but this home is 8 years old!

A potential buyer raised some concerns about the construction. The sellers called McStain and within 24 hours the customer service rep for McStain was at the property acting like a superman coming to save the world!

He pulled workers off of jobs to make any repairs that might be a concern to this or any buyer for FREE! His comment was, “we want to help all McStain homes sell wherever!”

I have know this sort of service to be standard for McStain through the years, but, honestly we all wonder in these time when nearly everyone is cutting costs…will even the best need to reduce their standards? Maybe some, but not McStain. I took a few lessons from this…

I will work hard to have someone tell a story like this about my company. I was wise to sell so many McStain homes and I will continue in confidence to do just that for many years to come!

Trends

“ARE YOU FACING FORECLOSURE? I CAN HELP.”

When the majority of homeowners start falling behind on their mortgage payments they become ostriches, in other words, they stick their heads in the sand and go into a state of denial. Soon it’s too late to do anything about it. There are many things that we can do to stall foreclosure and get people out with their credit relatively intact. If they owe more than their home might be able to sell for in the current real estate market then this is called a short sale.

We have done a number of these short sales here at the Bernardi Real Estate Group and this is the way that some homes, even in Boulder County, are being sold in the current real estate market. The most important thing in a short sale situation is that we receive an offer from a buyer because the bank will not even begin to negotiate on a short sale until we get an offer. Once the offer is received, we go to work and negotiate with the bank to forgive the current debt up to the amount of the sale. In fact, in most cases, with every short pay we have done this year we have seen that the bank has forgiven all of the debt of the difference between the sales price and the loan amount. They have forgiven what would normally be called short fall or a deficiency and in many cases they will forgive what is called the deficiency judgment. In fact, for every home in a short sale situation that we have sold, the bank has forgiven the deficiently judgment.

If your loan was originated before January 2008 then there is no tax consequence on the amount of the loan that is forgiven. Prior to the bill being enacted last spring by Congress, you were taxed on the difference of the amount forgiven by the loan company. My expert lenders have told me that if a homeowner does a deficiency judgment that their credit is then virtually repaired and they would be able to buy another home within 2 years. If they let the property go into foreclosure, it would be 7 years before they would be able to buy another home. My belief is that by helping families do short sales, I am helping our community and the neighborhoods in all these cities in Colorado that have been affected by foreclosures such as Erie, Lafayette, Longmont and even a few cases in Boulder and Niwot. I feel that in the cases when I’m able to help these homeowners that I’m also helping the communities to not further deteriorate into crisis.

Unfortunately, if the property goes into foreclosure it could sell for no more than 50 cents on the dollar. The pipes could break or the grass goes brown and these foreclosed homes become an eyesore in our community. I feel like I am doing the homeowner a big favor by helping them to salvage their credit as well as assisting them to move on in a dignified manner and by doing that we are also doing the right thing for our community. I believe that I am also helping our country by facilitating the absorption of the real estate inventory in Boulder Colorado to help expedite the end of our real estate recession. In addition, I’m helping our banks because they will receive more money than they would if the property went into foreclosure and this will in turn aid our country. Lastly, I’m helping the buyer because they are getting a great deal on a property that has not been vacant for 6 to 9 months.

If you are facing a foreclosure situation then please call us here at The Bernardi Real Estate Group because I can help.

Trends

“THINKING OF BUYING A NEW CONSTRUCTION HOME?”

If you are thinking of buying a new construction home especially in Colorado, there are a number of builders that have an overstocked inventory. It is very important that you hire a great buyers agent (like the buyers agents here at The Bernardi Real Estate Group!) to represent you. It is imperative to understand how stable a builder is, what is the probability of them continuing and finishing out the project, what the homeowner fees are, if there were any special tax assessments and especially what kind of a buy can you get on the new construction properties. These are the things that buyers agents working with The Bernardi Real Estate Group can help you with.

With over 100 years of combined real estate experience in Boulder County,    The Bernardi Real Estate Group can help you like none other. Give us a call     at 303-402-6000!