Blog Archives | Page 3 of 12 | John Farley, Boulder Colorado REALTOR®

Top 10 Neighborhoods to Consider When Buying a Home in Boulder Colorado

by Farley Webmaster | Apr 26, 2023

Boulder, Colorado has continuously been ranked as one of the top 10 places to live¹ for good reason. With its picturesque mountains, active outdoor lifestyle, and progressive culture, it’s no wonder why people from all over the world choose to call call it home. If you’re looking to relocate to Boulder, you might be wondering where to even start. In this post, we’ll explore the top 10 neighborhoods to consider when buying a home in Boulder.

Photo by University Hill Neighborhood Association

University Hill aka “The Hill”
University Hill is a popular neighborhood for students and young professionals. The Hill has a rich history dating back to the late 19th century. Located just northwest of the University of Colorado Boulder campus, the area was originally developed as a residential neighborhood for faculty and staff of the university. In the early 20th century, the district began to transform into a commercial hub, with the construction of several restaurants, shops, and entertainment venues. Today, this eclectic neighborhood is known for its vibrant mix of businesses and cultural attractions, including the Colorado Chautauqua, a National Historic Landmark. Homes in this area tend to be on the smaller side and are often rented out to students, but there are also some larger homes and apartments available for purchase.

Mapleton Hill Home Photo by Boulder Colorado

Mapleton Hill
Mapleton Hill is a historic neighborhood located just north of downtown Boulder. This neighborhood is known for its beautiful Victorian homes and tree-lined streets. It’s a great location for those who want to be close to the action of downtown Boulder but still have a quiet and peaceful place to call home as there aren’t many commercial buildings in the neighborhood, however homes are within walking distance to Pearl Street Mall and downtown Boulder. Homes in this area tend to be on the larger side and often come with a higher price tag.

Martin Acres Neighborhood photo by Martin Acres Neighborhood Association

Martin Acres
Martin Acres is a popular neighborhood for families and young professionals. It’s located just south of the University of Colorado campus and is close to several parks, including Tantra Park and Martin Park. Built in the 1950s, homes in this area tend to be on the smaller side and are often more affordable than other areas of Boulder. It’s a great option for those looking for a more affordable home in a central location.

Newlands Neighborhood Home photo by Newlands Neighborhood Boulder Facebook Page

Newlands
Newlands is a highly sought-after neighborhood located just north of downtown Boulder. This neighborhood was originally developed in 1871 by the Newland family. It started as a large orchard and as time went on, was divided up for sale. Many lots in the Newlands neighborhood still bear the apple trees that the Newland family planted many years ago. This family-friendly neighborhood sits at the base of Mount Sanitas and is known for its large lots and beautiful homes, many of which have views of the mountains. It is near the Red Rock Trail system, a popular spot for hiking and mountain biking. It’s also known for expansive North Boulder Park, with picnic areas, a playground, and sports fields. It’s a great location for those who want to be close to the action of downtown but still have a quiet and peaceful place to call home. Homes in this area tend to be on the larger side and come with a higher price tag.

South Boulder photo by Your Boulder

South Boulder
South Boulder, or “SoBo,” is a popular neighborhood for families and those who enjoy outdoor activities with an emphasis on dog friendly living. It’s located just south of downtown Boulder and is close to several parks, including South Boulder Creek Trail and Shanahan Ridge. This neighborhood is also home to the South Boulder Recreation Center, which offers a variety of activities for all ages. South Boulder experienced significant expansion throughout the 1950s, 60s, and 70s, and boasts convenient access to Highway 36, Golden, and Denver. The area showcases diverse home styles, ranging from cozy ranch homes and bi-levels to grand, luxurious custom homes.

Boulder Country Club photo by Boulder Country Club

Boulder Country Club
Boulder Country Club is a private luxury community located just east of Boulder. It’s a great location for those who are looking for a lifestyle, not just a place to live. Here you can enjoy golfing, tennis, a pool and other country club activities. Homes in this area tend to be on the larger side, with a high price point. It’s a great option for those who want a private and exclusive community to call home.

Table Mesa Shopping Center photo by Boulder Colorado

Table Mesa
Table Mesa is a popular neighborhood for families and young professionals. It sits to the west of Martin Acres and just south of the University of Colorado campus and is close to several parks, including South Boulder Creek Trail and Viele Lake. Table Mesa is known for being home to the National Center for Atmospheric Research and its hands-on weather and climate exhibits. It also offers spectacular views of the Flatirons and Eldorado Canyon along its Mesa Trail. This neighborhood is also home to the Table Mesa Shopping Center, which offers a variety of shops and restaurants.

Wonderland Lake Trail Photo by Phil Yates/Boulder, Colorado

North Boulder
North Boulder is a popular neighborhood for families and young professionals. It’s located just north of downtown Boulder and is close to several parks, including North Boulder Park and Howard Hueston Park. This neighborhood is also home to the North Boulder Recreation Center, which offers a variety of activities for all ages. Formerly an industrial zone, NoBo is rapidly transforming into a trendy gathering spot for young families, artists, and emerging enterprises, spanning from breweries and wineries to purveyors of handcrafted goods. The area’s exponential growth has resulted in a plethora of excellent dining options, as well as the opportunity to witness Boulder’s rising artists in action.

Photo of the Chautauqua neighborhood by Boulder Colorado USA

Lower Chautauqua
Lower Chautauqua is a highly sought-after neighborhood located just south of downtown Boulder. It’s difficult to surpass the natural splendor of the Chautauqua Neighborhood. This area abounds with picturesque and distinct homes, showcasing an amalgamation of both contemporary and traditional designs. As one of the earliest established neighborhoods in Boulder, it exudes charm and character. Inhabitants of this neighborhood are privileged to enjoy breathtaking vistas of the iconic Boulder Flatirons. The close proximity to Chautauqua Park provides boundless opportunities for hiking and exploring nature. Additionally, the neighborhood offers an array of indoor activities such as local music concerts and delectable brunch spots. The convenient location provides quick access to downtown and South Boulder, enabling residents to experience the best of what Boulder has to offer.

Photo of Twin Lakes Trail Head by Boulder County, Colorado

Gunbarrel
Gunbarrel is a popular neighborhood for families and young professionals. It’s located just northeast of Boulder and is close to several parks, including Coot Lake and Boulder Reservoir. This neighborhood is also home to the Gunbarrel Shopping Center, which offers a variety of shops and restaurants and has an exploding brewery scene.

When considering which neighborhood to buy a home in, it’s important to think about your lifestyle and what’s important to you. Do you want to be close to downtown Boulder? Do you enjoy outdoor activities? Are you looking for a private and exclusive community? By answering these questions, you can narrow down your search and find the neighborhood that’s right for you.

Boulder, Colorado has many great neighborhoods to choose from when looking to buy a home. Whether you’re a student, young professional, family, or retiree, there’s a neighborhood that’s perfect for you. By considering your lifestyle and working with a reputable real estate agent like John Farley, you can find the home of your dreams in one of Boulder’s top neighborhoods. Connect with John and his wife Karen if you have any questions about the top neighborhoods in Boulder Colorado!

Top 7 Tips for Selling Your Home Quickly and For Top Dollar This Spring

by Farley Webmaster | Mar 31, 2023

Spring kicks off a busy real estate season and can be the perfect time to get your home on the market. As the weather improves, people venture outside more and it is easier to showcase your home as things blossom and grow. Selling a home can be a complex process, and there are many factors that can affect how quickly a home sells and for what price. Here are our top 7 tips to simplify your home sale:

Make sure your home is clean and well-maintained: A clean and well-maintained home is more attractive to potential buyers. Make sure your home is decluttered, deep cleaned, and free of any major repairs or maintenance issues so buyers can easily picture themselves living in the space.
Price your home correctly: Setting the right price for your home is crucial. If you price your home too high, it may sit on the market for a long time, but if you price it too low, you could lose out on potential profits. Your realtor can help you determine the right price by assessing your home’s value and comparing it with recent sales in your area in conjunction with the current market standards.
Enhance your home’s curb appeal: First impressions matter, and the exterior of your home is the first thing potential buyers will see. Make sure your home’s exterior is clean and well-maintained, and consider adding some fresh landscaping or a fresh coat of paint plus seasonal decor.
Be flexible with showings: Make your home as easy to show as possible. Consider allowing for flexible showing times, including evenings and weekends, and try to keep your home clean and clutter-free at all times.
Work with an experienced real estate agent: An experienced real estate agent can help you navigate the home selling process and maximize your profits. They can provide valuable insights into pricing, marketing, and negotiating, and can help you find the right buyer for your home.
Consider staging your home: Staging your home can help potential buyers imagine themselves living in the space. Consider hiring a professional stager or using virtual staging tools to enhance your home’s appeal.
Use high-quality photos and videos: High-quality photos and videos can help your home stand out online and attract more potential buyers. Consider hiring a professional photographer or videographer to capture your home’s best features.

Overall, selling a home quickly and for the highest price requires careful planning, attention to detail, and a bit of flexibility. By following these tips and working with a trusted real estate agent, you can increase your chances of a successful home sale this spring.

Do you have questions about selling your home? We have the answers you need to simplify the sale of your home, connect with us today!

Free Activities In Boulder and Denver Metro Areas in 2023

by Farley Webmaster | Jan 12, 2023

The Boulder and Denver area offer many opportunities for free activities. From museums and theatre to outdoor adventure, we’ve compiled a list to get you started planning your fun for 2023.

SCFD Free Days

The Scientific & Cultural Facilities District is a seven-county tax district created within Colorado law, approved by Colorado’s General Assembly, and renewed by voters multiple times over more than 30 years. The seven-county Denver metro area including Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties participate, with the exception of Castle Rock and Larkspur in Douglas County. Organizations from across the metro area provide hundreds of free days and free programs each year made possible, in part, by funding from SCFD.

Free Days in 2023

Buffalo Bill Museum and Grave
987½ Lookout Mountain Rd., Golden, CO
Visit the Buffalo Bill Museum and Grave and enjoy free admission on the first Wednesday of the month from November through April.

Wednesday, January 4
Wednesday, February 1
Wednesday, March 1
Wednesday, April 5
Wednesday, November 1
Wednesday, December 6

Children’s Museum of Denver at Marsico Campus
2121 Children’s Museum Dr., Denver, CO
Joy Park Free Nights return on the third Friday of each month, May through September, from 4:00 PM until dusk. The interior of the Museum is closed except for the restrooms.

Friday, May 19
Friday, June 16
Friday, July 21
Friday, August 18
Friday, September 15

Colorado Railroad Museum
17155 W. 44th Ave., Golden, CO

Thursday, March 16
Thursday, May 11
Thursday, October 5

Denver Art Museum
100 W. 14th Ave. Pkwy., Denver, CO
Remember, children 18 years and younger are free EVERY day of the year!

Tuesday, January 10
Saturday, January 28
Tuesday, February 14
Tuesday, March 14
Tuesday, April 11
Sunday, April 30 (21st annual Día del Niño)
Tuesday, May 9
Sunday, May 14 (Mother’s Day)
Tuesday, June 13
Tuesday, July 11
Sunday, July 30
Tuesday, August 8
Saturday, September 9 (34th annual Friendship Powwow)
Tuesday, September 12
Tuesday, October 10
Saturday, November 4 (Night at the Museum for Denver Arts Week)
Tuesday, November 14
Tuesday, December 12

Denver Botanic Gardens
Chatfield Farms, 8500 Deer Creek Canyon Rd., Littleton, CO
York Street, 1007 York St., Denver, CO
Advanced online registration is required. Free Days are for regular Gardens hours only and do not include ticketed events. Tickets are available three months at a time (on a rolling basis), and the tickets are released on the 1st of the month.

Monday, January 16 (Martin Luther King, Jr. Day)
Thursday, February 16
Wednesday, March 15
Saturday, April 22 (Earth Day)
Tuesday, June 6
Wednesday, July 5
Tuesday, August 15
Friday, November 24 (Thanksgiving Friday)

Denver Museum of Nature & Science
2001 Colorado Blvd., Denver, CO

Monday, January 9
Sunday, January 29
Monday, February 6
Sunday, February 26
Sunday, April 30
Wednesday, June 28 (5:00-9:00 PM only)
Wednesday, August 16 (5:00-9:00 PM only)
Wednesday, September 6 (5:00-9:00 PM only)
Monday, September 18
Sunday, October 15
Monday, December 4

Denver Zoo
2300 Steele St., Denver, CO
On select “Share the Love” Days, the Zoo offers 125 free ticket vouchers for every 15-minute admission window. Register for vouchers during a specified lottery period.

FREE DAY: Friday, January 6 | LOTTERY: December 26-29, 2022
FREE DAY: Sunday, January 22 | LOTTERY: January 8-14
FREE DAY: Sunday, February 5 | LOTTERY: January 22-28
FREE DAY: Sunday, April 9 | LOTTERY: March 26-April 1
FREE DAY: Saturday, October 7 | LOTTERY: September 23-29
FREE DAY: Tuesday, November 7 | LOTTERY: October 24-30
FREE DAY: Sunday, November 12 | LOTTERY: October 29-November 4

Dinosaur Ridge
16831 W. Alameda Pkwy., Morrison, CO
A special note: Admission to the exhibit hall Trek Through Time is free; guided bus tours are available at a reduced rate.

Friday, March 17
Monday, April 17
Sunday, September 17
Friday, November 17

Four Mile Historic Park
715 S. Forest St., Denver, CO

Friday, January 27
Friday, February 24
Friday, March 24
Friday, April 28
Friday, May 26
Friday, June 23
Friday, July 28
Friday, August 25
Friday, September 22
Friday, October 27
Friday, November 24
Friday, December 22

Museo de las Americas
861 Santa Fe Dr., Denver, CO
Celebrate First Fridays with special activities and free admission from 12:00-9:00 PM. Remember, children 13 years and younger are free all day, EVERY day of the year!

Friday, January 6
Friday, February 3
Friday, March 3
Friday, April 7
Friday, May 5
Friday, June 2
Friday, July 7
Friday, August 4
Friday, September 1
Friday, October 6
Friday, November 3
Friday, December 1

This barely scratches the surface of free activities available in and around Boulder. To see a complete searchable list visit SCFD directly.

Red Rocks Amphitheatre home of the Colorado Music Hall of Fame

Cultural Centers Free Everyday

There are several organizations across the Front Range that have free admission every day they are open. These include:

Broomfield Veteran’s Museum
12 Garden Center
Broomfield, CO

The Broomfield Veterans Museum honors local veterans of all the United States conflicts and peacekeeping efforts, from the Civil War to the present, from all branches of service. The museum not only shares the stories of Colorado veterans, it is a center for veterans to connect, students to learn about our nation’s history, groups to explore the rotating exhibits, and families to honor their loved ones who served in the military.

Foothills Art Center
809 15th Street
Golden, CO 80401

The Foothills Art Center was established in 1968 when a group of local artists originally known as the Michonia Watercolor Society bought the First Presbyterian Church building to have a permanent location for their work. Since that time, Foothills Art Center has grown and evolved to offer a broad range of exhibits, events, and programming for artists and community members. In order to meet the needs of the community into the future, they will be expanding into the historic Astor House in downtown Golden in 2023.

Colorado Music Hall of Fame
At Red Rocks Trading Post
17900 Trading Post Rd.
Morrison, CO 80465

Colorado Hall of Fame’s museum is an ideal place to bring the entire family or out-of-town guests to learn about the talented men, women, and institutions that have shaped the culture of Colorado’s music history. While you’re there, you can visit one of the most iconic natural amphitheaters in the world, Red Rocks Amphitheatre.

Colorado Music Hall of Fame is home to exhibits of famous Colorado musicians such as John Denver, Dianne Reeves, Dan Fogelberg, Philip Bailey, and Judy Collins, as well as institutions like the legendary Caribou Ranch recording studio and many more. Celebrating Hall of Fame Inductees from our inaugural class in 2011 to the present day, the exhibits include artifacts, video biographies and written overviews of the legacies that inductees have left on Colorado’s music history.

The Aurora History Museum
15051 E. Alameda Parkway
Aurora, Colorado 80012

The Aurora History Museum is part of the Library and Cultural Services Department for the city of Aurora. The Cultural Services Division is the largest single provider of arts and culture in the city of Aurora offering programs in performing arts, fine arts, history, and public art.

The Aurora History Museum opened its doors in 1979 in a historic building with two small galleries and an office. In 1990, the museum moved to its present location and re-opened in 1991. The museum collects and exhibits artifacts and documents pertaining to the history of Aurora and Colorado.

Are you looking for more outdoor adventure? Check out some of the places compiled in these top lists from in and around Boulder!

There is never a lack of things to do in Boulder, free or for a fee, there is adventure around every corner. What will you try this year?

2020 Outlook: Real Estate Market Forecast

by Farley Webmaster | Jan 3, 2020

We’re in the midst of the longest economic expansion in U.S. history, and economists think there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.¹

Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will inevitably end. So you may be wondering … how will an eventual recession impact the real estate market?

Many Americans assume a recession would lead to a decline in housing prices like we saw during the Great Recession of 2008. But the real estate market crash we experienced wasn’t typical. In fact, the last recession wasn’t typical at all. It was the worst economic downturn since the Great Depression of the 1930s.

ATTOM Data Solutions analyzed real estate prices during the last five recessions and found that, in the majority of cases, home prices actually went up. Only twice (in 1990 and 2008) did prices decline, and in 1990 it was by less than one percent.²

So what can historical precedent—combined with today’s data—tell us about the future of real estate? Here’s where experts predict the housing market is headed in 2020 and beyond.

HOME PRICES WILL KEEP RISING

Economists predict U.S. housing prices will continue to rise, regardless of a recession. In fact, property data firm CoreLogic forecasts a faster rate of growth for home prices in 2020 than we saw in 2019, with the biggest gains at the lower end of the market.³

Arch MI Chief Economist Ralph DeFranco expects entry-level home prices to increase faster than incomes this year, making it even more difficult for many first-time buyers to afford to enter the market.⁴

“Low interest rates and a shortage of starter homes will continue to push up prices,” predicts DeFranco. “This is especially the case for lower price points, since builders have tended to focus on more expensive, higher-profit houses and less on replenishing low inventories of entry-level homes.”⁴

“Real estate is on firm ground with little chance of price declines,” said National Association of Realtors Chief Economist Lawrence Yun. “However, in order for the market to be healthier, more supply is needed to assure home prices as well as rents do not consistently outgrow income gains.”⁵

What does it mean for you? If you have the ability and desire to buy a home now, don’t let a fear of recession or falling prices hold you in limbo. Economists expect home values, as well as rent prices, to continue rising. So you’ll likely pay more the longer you wait.

INVENTORY CONSTRAINTS WILL CONTINUE

According to Redfin, Americans are staying in their homes longer. In 2019, the average homeowner had resided in their home for 13 years, up from just eight years in 2010. That means there are fewer homes available today for those who want to buy.⁶

It’s possible that an increase in new construction could offer some relief. The National Association of Realtors (NAR) expects single-family housing starts to total one million this year, the highest level since 2007. And NAR Chief Economist Lawrence Yun predicts the average price of new construction will decline slightly as builders shift to building smaller, more affordable homes.⁷

However, these efforts may not be enough to meet current demand. “Despite improvements to new construction and short waves of sellers, next year will once again fail to bring a solution to the inventory shortage,” predicts Realtor.com Senior Economist George Ratiu. “In 2020, we expect inventory to struggle to grow and could instead reach a historic low level.”⁸

What does it mean for you? If you’re looking to buy a starter home, be prepared to compete for the best listings. Start your search early, and if you’re up against a deadline (like a new baby), build in plenty of time to find the right home. We can help you assess your options, including new construction and up-and-coming developments.

MORTGAGE RATES WILL REMAIN LOW

Mortgage rates have declined more than a full percentage point since November 2018, when they hit a recent peak of 4.94%.⁹The Mortgage Bankers Association predicts rates will remain low, at around 3.7%, through mid-2021.¹⁰

While it may not seem significant, on a $200,000 30-year fixed-rate mortgage, that lower rate means buyers could save around $145 on their monthly payment and more than $52,000 over the life of their mortgage. Lower mortgage rates make homeownership more accessible and affordable for buyers.

Although economists expect mortgage rates to stay low, they caution against waiting to act. Economic factors, shifts in supply and demand, or unforeseen impacts of the November election could cause rates to rise unexpectedly. “We recommend borrowers with long-term plans of staying in their homes to lock in a low rate now because there’s no telling how long these low rates will last,” warns Preetam Purohit, a capital markets trader at Embrace Home Loans.¹¹

What does it mean for you? If you’re looking to buy a home, act soon to lock in a historically low mortgage rate. It will minimize your monthly payment and could save you a bundle over the long term. And if you plan to stay in your current home for a while, consider whether it makes sense to refinance your mortgage at today’s lower rates.

MILLENNIALS WILL DRIVE THE MARKET

Millennials are expected to account for more than half of all mortgages this year, outnumbering Generation X and Baby Boomers combined. It’s not surprising, considering their age and stage of life. In 2020, the largest cohort of millennials will turn 30, and the oldest millennials will turn 39.⁸

“Family changes tend to drive home-buying decisions,” explains Realtor.com Chief Economist Danielle Hale. “Millennials are going to be active in the housing market not just because they’re just at the age when they’re thinking about becoming first-time home buyers, but they’re also in the age range when they’re having kids.”¹²

Younger millennials flocked to urban centers that offered easy access to work, shopping, and restaurants. But high prices, lack of square footage, and subpar schools are driving millennials out to the suburbs as they begin to marry and expand their families.

In response, a new model for suburban living has emerged. “Hipsturbias,” or mixed-use communities that bring the live/work/play concept to the suburbs, were recently named one of the top real estate trends for 2020 by the Urban Land Institute.⁴

What does it mean for you? If you’re a millennial who has been priced out of urban living or is looking for more space for your growing family, a number of suburbs in our area have a lot to offer. We can point you towards the communities that will best meet your needs. And if you’re a homeowner with plans to sell, give us a call. We know how to market your home to millennials … and can help you sell quickly for top dollar by appealing to this leading market segment!

WE’RE HERE TO GUIDE YOU

While national real estate numbers can provide a “big picture” outlook, real estate is local. As Boulder market experts, we can guide you through the ins and outs of our market and the issues most likely to impact sales and home values in your particular neighborhood.

If you’re considering buying or selling a home in 2020, contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

START PREPARING TODAY

If you plan to BUY this year:

Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.
Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.
Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

If you plan to SELL this year:

Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it will also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property, and it will help us price your home correctly once you’re ready to list.
Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.
Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage … and get you one step closer to moving when the time comes!

Sources:

NBC News –
https://www.nbcnews.com/business/economy/what-impending-recession-new-survey-shows-most-people-think-they-n1098511
Curbed –
https://www.curbed.com/2019/1/10/18139601/recession-impact-housing-market-interest-rates
HousingWire –
https://www.housingwire.com/articles/corelogic-expects-home-prices-to-do-this-in-the-next-12-months/
Forbes –
https://www.forbes.com/sites/alyyale/2019/11/15/2020-housing-outlook-expert-predictions-for-mortgage-rates-home-prices-tech-and-more/#343ea4522935
National Association of Realtors –
https://www.nar.realtor/newsroom/expect-continued-economic-growth-slower-real-estate-price-gains-and-small-chance-for-recession-in
Redfin –
https://www.redfin.com/blog/homeowners-staying-in-their-homes-longer/
HousingWire –
https://www.housingwire.com/articles/builders-are-coming-to-the-housing-markets-rescue/
com –
https://www.realtor.com/research/2020-national-housing-forecast/
YCharts –
https://ycharts.com/indicators/30_year_mortgage_rate
MBA Mortgage Market Forecast November 2019 –
https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-commentary
Dallas Morning News –
https://www.dallasnews.com/sponsored/real-estate/2019/11/23/experts-predict-where-mortgage-interest-rates-land-in-2020/
com –
https://www.realtor.com/news/trends/biggest-changes-coming-in-2020-real-estate-and-tips-for-buyers-and-sellers/

Gifts and Gadgets for Every Room in the House

by Farley Webmaster | Dec 3, 2019

Are you searching for new and innovative gift ideas this holiday season? If so, check out our list of the hottest home technology offerings. We’ve selected a few of our favorites for every room in the house.

These smart systems and devices add comfort, convenience, and a “cool factor” that will delight your friends and family. So think about who you know that loves the latest gadgets … or add a few of these to your own wish list!

ENTRYWAY

Ensure the safety of your loved ones with these smart security upgrades.

Smart Lighting

Ring, a company best known for its video doorbells, has added smart lights to its series of integrated devices. The Ring Smart Light System includes motion sensors, pathlights, spotlights, and even step lights, which can be turned on and off using voice commands when paired with an Amazon Alexa device. Users may opt to receive a notification when motion is detected on the premises, and—if integrated with Ring security cameras—access a live video stream for an added layer of security. Systems start at $69.99.

Video Doorbell

Video doorbells have become an increasingly popular security enhancement for homes, and for a good reason. Homeowners can detect activity at their front door while away, view visitors via video stream, and communicate without opening the door. Since Ring released its first smart doorbell in 2013, a number of competitors have entered the market. The Nest Hello Video Doorbell has some unique features—like facial recognition, package detection, and pre-recorded quick responses—that place it near the top of the pack. Retails for $229.

Smart Lock

Smart locks are a great way to ensure your friends and family are never left out in the cold, and the August Smart Lock Pro+ Connect is among the most highly rated. It’s one of the easiest models to install because it pairs with an existing deadbolt. The Smart Lock Pro enables a user to lock and unlock their door remotely with an app on their phone. And with the auto-lock/unlock feature, it can be set to open automatically upon approach and relock after entry. Retails for $279.

LIVING ROOM

These fun and functional gifts are perfect for anyone who is big on style—but short on time.

Automated Planter

Caring for household plants is easier than ever with the latest advancements in technology. Perfect for frequent travelers or forgetful friends, the Dewplanter uses moisture in the air to water plants without manual intervention. Now nature lovers can enjoy the beauty and health benefits of houseplants without the hassle. Plus, for each unit sold, the company pledges to plant a tree somewhere it’s needed. Retails for $69.50.

Smart Art

Instead of buying your favorite art lover a single painting, why not give him or her 30,000? With the Meural Canvas,you can access an extensive collection of artwork from around the world to display digitally in your own home. Meural utilizes proprietary technology to deliver an anti-glare matte display that automatically adjusts to the lighting in the room. Personal artwork and photographs can be showcased, as well. Retails for $445 with annual membership.

Motorized Shades

Motorized window coverings aren’t new, but a lower price point and enhanced features have helped to boost their popularity. The latest Motorized Shades from Somfy can be preprogrammed to raise or lower at certain times of day or controlled on-demand via a remote, smartphone app, or voice command when paired with Amazon Alexa or Google Home. They can also be set to operate automatically in response to the amount of sunlight or temperature of the room. Contact a dealer for pricing.

KITCHEN

These kitchen gadgets make life a little easier and a lot more enjoyable. They’re perfect for your busiest friends and family members!

Pressure Cooker

Have you jumped on the multi-cooker bandwagon yet? If so, you know how fast and simple these multifunctional appliances make meal preparation. The InstantPot Duo is a pressure cooker, sauté pan, steamer, slow cooker, rice cooker, food warmer, and yogurt maker all-in-one. It reduces cooking time and lowers energy consumption. Who wouldn’t love one of these versatile tools? With numerous cookbooks and blogs devoted to InstantPot recipes, the meal options are virtually endless. Retails for $99.95.

Cocktail Machine

Cocktail connoisseurs will appreciate the ease and convenience of the Bartesian Premium Cocktail Machine. Listed among “Oprah’s Favorite Things” for 2019, the Bartesian mixes drinks with the touch of a button. Simply fill the canisters with base spirits, choose a cocktail capsule, and the machine does the rest. Now you can mix a margarita, whiskey sour, cosmopolitan, and other favorites as easily as you brew a cup of coffee. Retails for $349.

Smart Refrigerator

Kitchens are often called the “heart of the home,” and a new refrigerator from Samsung aims to be the hub. The Samsung Family Hub Refrigerator helps busy families stay organized. Grocery shopping becomes a breeze with built-in cameras that allow owners to peek inside their fridge from anywhere. The interactive touchscreen displays pictures, notes, and reminders for family members. And the integrated SmartThings app enables users to control smart devices and appliances from a central point. Base model starts at $3,099.

BEDROOM

Almost nothing beats a good night’s sleep. Help your loved ones wake up refreshed with these smart devices for the bedroom.

Baby Sleep Soother

As any parent knows, when your baby isn’t getting sleep, neither are you. Help everyone in the family catch some z’s with a Bubzi Co Soothing Owl. This cuddly creature plays lullabies while projecting a starry scene on the bedroom wall to calm young children and help them drift off to sleep. And for every purchase, Bubzi Co makes a donation to Postpartum Support International. Retails for $30.95.

Sunrise Alarm Clock

Know someone who hates getting up in the morning? Alarm clocks that utilize light instead of a noisy alarm can provide a more peaceful transition in and out of sleep. The Philips SmartSleep Connected Sleep and Wake-Up Light includes customizable sunrise and sunset simulation, guided breathing exercises, and sensors that track room conditions, like temperature, humidity, noise, and light. Retails for $199.95.

Smart Thermostat

Temperature fluctuations during the night can disrupt sleep. The Nest Learning Thermostat uses smart technology to track a user’s preferences and build a schedule around them. Homeowners can place one of its integrated sensors in their bedroom to maintain a consistent temperature throughout the night. And Nest thermostats cut energy consumption, so they’ll rest easier knowing they’re saving the planet and money on utility bills . Retails for $249.

BATHROOM

Bathrooms don’t have to be boring. Technology can add flair to the daily routine.

Waterproof Speaker

Music enthusiasts and podcast fans will enjoy streaming their favorites in the shower with a wireless waterproof speaker. The Ultimate Ears Wonderboom 2 is a mid-priced and versatile option that can go from the bath to the beach. It packs an impressive 13-hour battery life in a small, portable case that’s waterproof, dust-proof, and floatable. Retails for $99.99.

Digital Smart Scale

A scale isn’t an appropriate gift for everyone, but diet and fitness enthusiasts may appreciate the high-tech features available with the Withings Body+. It tracks weight, body water, and fat, muscle, and bone mass for up to eight users. It can also be set to display local weather and the previous day’s step count. Customized pregnancy and baby modes make this a suitable choice for a growing family, as well. Retails for $99.95.

Vanity TV Mirror

For a truly luxe bathroom addition, consider an integrated vanity television mirror. The Seura TV Mirror seamlessly incorporates video into a bathroom vanity. It’s vanishing glass technology makes it possible to view the television through a mirror. When turned off, the screen completely disappears. Add lighting or a custom frame to complete the look. Starts at $3,099 for a 19” display.

OUR GIFT TO YOU

Are you considering a permanent technology upgrade for your own home? Give us a call first! Buyer expectations and preferences vary depending on price point, architectural style, and neighborhood. We can help you determine how the enhancement will impact the value of your home before you make the investment.

5 Steps to Finding Your Next Home

by Farley Webmaster | Nov 3, 2019

Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.¹

Buying a home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high.

Follow these five steps—and complete the corresponding worksheet offered below—to assess your priorities, streamline your search, and choose your next home with confidence.

STEP 1: Set Your Goals and Priorities

The first step to finding your ideal home is determining WHY you want to move. Do you need more space? Access to better schools? Less maintenance? Or are you tired of throwing money away on rent when you could be building equity? Pinpointing the reasons why you want to move can help you assess your priorities for your home search.

Don’t forget to think about how your circumstances might change over the next few years. Do you expect to switch jobs? Have more children? Get a pet? A good rule of thumb is to choose a house that will meet your family’s needs for at least the next five to seven years.²Be sure to set your goals accordingly.

STEP 2: Determine Your Budget

Many financial professionals recommend following the “28/36 Rule” to determine how much you can afford to spend on a home. The rule states that you should spend no more than 28% of your gross monthly income on housing expenses (e.g., mortgage, taxes, insurance) and a maximum of 36% of your gross monthly income on your total debt obligations (i.e., housing expenses PLUS any other debt obligations, like car loans, student loans, credit card debt, etc.).³

Of course, the 28/36 rule only provides a rough guideline. Getting pre-qualified or pre-approved for a mortgage BEFORE you begin shopping for homes will give you a much more accurate idea of how much you can borrow. Add your pre-approved mortgage amount to your downpayment to find out your maximum purchasing potential.

STEP 3: Choose a Location

When it comes to real estate, WHERE you choose to buy is just as important as WHAT you choose to buy.

Do you prefer a rural, urban, or suburban setting? How long of a commute are you willing to make? Which neighborhoods feed into your favorite schools? These decisions will impact your day-to-day life while you live in the home.

Another important factor to consider is how the area is likely to appreciate over time. Choosing the right neighborhood can raise the profit potential of your home when it comes time to sell. Look for communities that are well maintained with high home-ownership rates, low crime rates, and access to good schools, desired retail establishments, and top employers.⁴

STEP 4: Decide Which Features You Need (and Want) in a Home

Start with the basics, like your ideal number of bedrooms, bathrooms, and square footage. Do you prefer a one-story or two-story layout? Do you want a swimming pool?

Keep in mind, you may not find a home with all of your “wants,” or even all of your “needs” … at least not at a price you can afford. The reality is, most of us have to make a few compromises when it comes to buying a home.

Some buyers will opt for a longer commute to get a larger, newer home in the suburbs. Others will sacrifice hardwood floors or an updated kitchen so that their kids can attend their desired school.

If you’re faced with a tough choice about how or what to compromise in your home search, return to STEP 1. What were your original goals and motivations for moving? Reminding yourself of your true priorities can often provide the clarity that you need.

STEP 5: Meet with a Real Estate Agent

A good real estate agent can remove much of the stress and uncertainty from the home search process. From setting goals to securing a loan to selecting the best neighborhood to meet your needs, we will be there to assist you every step of the way.

And no one has more access to home listings, past sales data, or market statistics than a professional agent. We can set up a customized search that alerts you as soon as a new listing you might like goes live. Better yet, we get notified about many of the hottest homes even BEFORE they hit the market.

You might guess that the VIP service we provide is very expensive. Well, the good news is, we can represent you throughout the entire home buying process at NO COST to you. It’s true; the home seller pays a buyer agent’s fee at closing. So you can benefit from our time, experience, and expertise without paying a dime. It’s no wonder 87% of buyers choose to purchase their home with the help of an agent.¹

And although we’ve listed it here as STEP 5, the reality is, it’s never too early (or too late) to contact an agent about buying a home. Whether you plan to buy today, next month, or next year, there are steps you can (and should) be taking to prepare for your purchase.

Call us today to schedule a free consultation!

The above references an opinion and is for informational purposes only. It is not intended to be financial advice. Consult a financial professional for advice regarding your individual needs.

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