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Superior, CO Real Estate News

By Mike Miguelez
(Keller Williams Realty - DTC)
Do you enjoy bicycling or watching cyclists race? Don't have plans for this coming Memorial Day weekend? Well then, Superior is the place you need to be! How about enjoying the Superior Morgul Classic? The Superior Morgul Classic and Wellness festival will be held from Friday through Sunday in beautiful Superior Colorado. This event has it all for the cycling enthusiast, including sprints, criterium, and a circuit road race. Additionally, there will be food from local restaurants, children's races, and an art show. Now if that's not enough, how kicking back and enjoying Hazel Miller's soulful funk and blues! If you don't know who Hazel Miller is, you're in for a huge treat! Friday, 5/28/2010, will feature sprints followed by a pasta dinner at community park, and Hazel Miller. Saturday, ...
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By John Thomas, EcoBroker, MSEE, MBA
(E3 Green HOMES)
Angelic Sunset on the Colorado Front Range I took this photo yesterday right at sunset. The view is looking off my back deck directly at the Front Range just south of the Flatirons. The sun is slowly beginning its journey back across the sky where it will eventually set directly over the side view of the Flatirons from my house. There is something magical about sunrise and sunset views over the mountains. Here, it looks like a league of Angels could be rising up at the skyline.   Search Denver and Boulder County Homes For Sale If you or someone you know is interested in buying or selling a home in Boulder County or anywhere else in Denver Metro, I can help. I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient, environm...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Open House This Saturday January 2, 2010 11:00am - 1:00pm 1388 Amherst St. Superior, CO 80027View Map $315,000 Great Rock Creek 2-story home with 3 bedrooms up + loft. Spacious floor plan with formal living/dining and family room. 1,863 Finished Square Feet. Lender owned. Quick possession! Community pool, clubhouse and tennis court. 2-Car Garage Fireplace Master Suite Formal Dining Room 3 Bedrooms 3 Bathrooms Unfinished Basement Fenced Yard Patio View All Superior Colorado Real Estate For Sale Buyers Now is a great time to buy. Interest rates are low and the homebuyer tax credit has been extended and expanded. Explore my buyer services for Superior Colorado real estate buyers. Sellers I offer comprehensive Internet marketing for your home. All listings include their own property Web sit...
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By Rob Kelly, Louisville Colorado Realtor
(RE/MAX Alliance)
The Superior Chamber of Commerce will offer business office hours from 5-7 p.m., Wednesday, Jan. 13, hosted by Lakeshore Athletic Club, 300 Summit Boulevard, in Broomfield.   The cost is $5 with RSVP, $10 at the door.   For more information, contact the chamber @ 303-554-0789 or info@superiorchamber.com
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By Greg Smith
(RE/MAX Alliance)
Rock Creek CO Home Sales Report  Superior Co homes sales are tied to Rock Creek Homes.  The recent statistics are the strongest numbers we have seen in Rock Creek and Superior CO for the last two years.  The Rock Creek Subdivision currently has 3.5 month of inventory on the market compared to 6.1 months of inventory in October 2008 and 4.7 months of Inventory in October 2007.  We are also beginning to see the median price of the properties sold is equal the current inventory on the market, which tends to indicate that Buyers and Seller have similar expectations in the market.  The next indicator to look at is the Average Days on market has jumped to 170 Days.  This is a similar pattern that I saw when looking at the Louisville CO market a couple of days ago.  This is a nice movement, si...
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By Brendan Winans, Professional Real Estate Services
(Winans & Associates)
As you can see the Superior CO. market has improved significantly. Sales when up, inventory went down, average DOM is relatively the same. Average sales price has jumped quite a bit.  If you or someone you know will be moving to Superior CO. in the near future, click here, or give me a call at (303) 829-7214. *Statistics provided by Land Title Guarantee Company.   Brendan P. Winans Brendan P. Winans | Broker Associate REALTOR ® CNE CNAS Coldwell Banker Residential Brokerage P | 303.829.7214 F | 303.379.4083
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By Greg Smith
(RE/MAX Alliance)
  Median Price Supply and Demand Superior Housing market has shown upward trending for units closed and the median price for homes currently under contract is moving in a positive direction.  Normally this time of year we would begin to see downward trending, but as is the case across Boulder County we are actually seeing numbers more in line with mid summer. Allot of the activity is the result of the tax credit, but we also have to keep in mind Superior supports a higher average price and is not as effected by first time home buyers.  The Superior numbers may help to support that the First Time Home Buyer Credit is allowing folks to move up into the next phase of housing.  Superior's numbers are more indicitive to strength across the market as a whole.
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By Brendan Winans, Professional Real Estate Services
(Winans & Associates)
Superior, CO. 80027.   First and foremost, if you are considering a move to, or are being relocated to Superior Colorado, I want to start by saying 'Welcome!'. I love this town very much, which is why I live here. More importantly, I love helping people buy and sell their homes here in Superior. So much is available to those who live here, the amenities are endless.  Superior was rated the 24th best place in the U.S. for young and wealthy individuals (CNN Money Mag), albeit a silly title, it does tell you something about the economy within Superior. A large majority of Superior consists of professionals, as a result, the town's economy has proven to be... well... superior!  Click Here For The Article. Superior, CO. Also shares a zip code (80027) with Louisville, CO. Which was rated the ...
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By Dave Dugdale
(RentVine)
I created a blacklist database of known rental scammers if anyone wants to check against it. The blacklist is growing every day.  
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By Brendan Winans, Professional Real Estate Services
(Winans & Associates)
Here are the most recent sold properties for the Superior location. This graph drastically illustrates the importance of intelligent pricing. A couple of these were bank owned or short sales, however you will see their time on market is drastically longer than what is the average for the area.  Average DOM (days on market) for the Superior CO. location is about 50 days. As you can see, pricing too high from the start will drastically change the time spent on market. If you or anyone you know has questions about the Superior Market, please give me a call.  
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By Bob Blanke
(Your Castle Real Estate)
Take a look at the first page, for AUN (Aurora North).  Note these positive market trends this year:-          number of active listings steadily declining-          average list price pretty stable (finally!)-          U/C up dramatically-          Number of sales / month up (partially seasonality)-          DOM dropping-          Stability in average sold prices and sold price as % of list-          Sold price as % original price UP a lot - banks are getting better at pricing-          Number of expired listings down Every indicator is improving this year in AUN.  You will see the same trends in DSW (southwest Denver  County), but not as marked an improvement as AUN. By contrast look at DSE (southeast Denver County).  -          listings are up (they should be - seasonality)-         ...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 9 – Scrapes, Pops and New Construction This blog will discuss a type of real estate investment, scrapes, pops and new construction, in Superior/Boulder. What this investment is: Purchasing a small home in an expensive neighborhood that may or may not need work. The home is bulldozed and a new home or duplex is put on the lot. Alternatively, the existing home is renovated and more square footage is added on. A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite). Equity needed: Being able to document your income and your assets will be critical. For a commercial loan, your net worth should generally be at least as much as the loan you are seeking. The good news is that the commercial loan usually does ...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 8 – Condo Conversions This blog will discuss a type of real estate investment, fix and flips, in Superior. What this investment is: A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium. Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area. Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes. Ideally suited for the sophisticated investor with extensive experience. Equity needed: Being able to document your income and your assets will be critical. For a commercial loan, your ...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 7 – Fix and Flips This blog will discuss a type of real estate investment, fix and flips, in the Superior/Boulder area. What this investment is: Purchasing a home that needs work. The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over. Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible. Great for beginners with the right skill sets or the willingness to learn. Equity needed: With hard money loans (defined in next paragraph), potentially 0% and they’ll finance the construction costs, too. Expect a LOT of strings to be attached. A small local lender might give you 75% of the purchase price and the renovation budget, and th...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 6 – Lease Options This blog will discuss a type of real estate investment, lease options, in Superior. What this investment is: A lease option (L/O) is Acquiring control of a property (though not necessarily ownership), then leasing the property to a tenant. The lease is bundled with an option, so the tenant can (but does not have to) purchase the property for a given price within a given time frame. Again you are seeking a tenant for a property, but usually for a slightly longer term (12-18 months) and frequently (though not always) with the goal that the tenant purchase the property from you at the end of the lease. If you purchase the property, then it's an easier process; if you find a highly motivated seller to let you re-lease the property to another tenan...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 5 – Large (5+ unit) Apartment Building This blog will discuss a type of real estate investment, large apartment buildings. What this investment is: Still targeting tenants for 6-12 months at a time, buildings with more than five units are considered "commercial" property. The loans are more difficult to qualify for, and usually a larger down payment is needed. Uncommon for the new investor; this is usually what landlords with several years of experience "trade up" to. Cash flows on larger buildings are more stable than for smaller buildings, and the economies of scale make it practical (and desirable) to hire a property manager to take over most the work for you. This takes reduces the hassle factor of the landlord process. Equity needed: Being able to document ...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 4 – Small (2-4 units) Apartment Building This blog will discuss a type of real estate investment, small apartment buildings. What this investment is: Purchase of duplex, triplex or quadplex to be rented to tenants, usually for 6-12 month terms. Usually what the rental home / condo landlords graduate to. In most markets they cost a little more than a rental home, but are much more likely to cash flow on the average month. Less cash flow risk; if one unit is empty you have other tenants that still help you with the mortgage payment so it doesn't all come out of your pocket. Many owners will start to delegate some of the property management tasks to an on-site assistant (typically the most responsible tenant), such as yard maintenance and showing empty units. The f...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 3 – Rental Condo or Rental Home This blog will discuss a type of real estate investment, rental condos or rental homes, in Superior. What this investment is: Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term. This is how most new landlords get started. You can hire out all of the property management functions, but in many cases you will do many of them on your own. There are smaller down payment requirements than for larger rental buildings. The purchase process and financing process is very similar to what you experienced buying the home you live in now. It's a great way for beginners to get started. Equity needed: Currently 20% - 25% Downpayment. In some cases you might be able to do it with 10% down, but expect...
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By Bob Blanke
(Your Castle Real Estate)
Investing in Real Estate 2 – Assignments This blog will discuss a type of real estate investment, assignments, in Superior/Boulder. What this investment is: An investor who is interested in Assignments gets a property under contract for an attractive price then assigns the contract to another buyer, usually another investor. The first investor will be paid a fee for the work. If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing. You will need to have a strong "sales" personality to succeed at it, though. Equity needed: None, just earnest money. Importance of credit: Not important, since you are not purchasing the property yourself. Importance of experience with contractors: Not important. The...
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By Bob Blanke
(Your Castle Real Estate)
Colorado Mortgage Broker Licensing In response to the troubled national real estate market and Colorado’s high volume of home foreclosures, efforts have increased to make higher caliber professionals involved in real estate. Licensing, rules and regulations have become more stringent for agents, appraisers, title companies and mortgage brokers. In regards to mortgage brokers, the below items are mandatory. No longer can someone open up the Yellow Pages, claim to be a mortgage broker and then be compensated for placing a loan --- what a novel concept. Before committing to a mortgage broker, please make sure that they are licensed in Colorado by searching for them on the following link: http://eservices.psiexams.com/crec/search.jsp • Licensing All mortgage brokers conducting business in C...
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