INTEREST RATES …EXTRA! EXTRA! READ (BETWEEN THE LINES) ALL ABOUT IT!!

INTEREST RATES …EXTRA! EXTRA! READ (BETWEEN THE LINES) ALL ABOUT IT!!

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“To the extent that key labor market indicators continue to show improvement, the likelihood of tapering asset purchases will continue to rise.” 

James Bullard, President of the Federal Reserve Bank of St. Louis

“In my view, we at the Fed should begin tapering back our bond purchases at the earliest opportunity…” 

Richard Fisher, President of the Federal Reserve Bank of Dallas

“I expect discussion about the possibility of reducing the pace of asset purchases.”

Jeffrey Lacker, President of the Federal Reserve Bank of Richmond

Are interest rates going up? No one can (or will) answer that question. However, as we are all aware, change is one of the most constant parts of life and after historical low interest rates for the past several and the recent rises in home prices, all the continued “chatter” regarding the betterment of the economy seems as if change is in the air again. Today with the national Affordability index at a 5 year low, the bigger question may be are you ready for the changes?

It seems as if times will be no better than NOW. Maybe you just need to read a little closer to what is written “between the lines“.

Interest Rates ...Extra! Extra! Read (between the lines) All About It!!

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Is Buying or Renting Right for You?

Is Buying or Renting Right for You?

rent

The decision to buy or rent depends on your current financial situation, your future plans and the lifestyle you want to live. Both options have their own set of benefits, and potential drawbacks, that should be carefully evaluated.

Buying may make sense if you…

  • Have reliable income, good credit and documentation to verify your savings.
  • Can afford at least a five percent down payment and related closing costs.
  • Want a chance to build equity and be eligible for homeowner tax breaks and credits.
  • Are financially able to take on home-maintenance/improvement projects.
  • Have an adequate cash reserve to withstand a loss of job, long-term illness, or other financial setback.
  • Are planning on staying in your home for at least four years.

Renting may make sense if you…

  • Have a career or lifestyle that requires you to move frequently or suddenly.
  • Prefer having a set monthly budget and cannot afford unforeseen home-maintenance expenses.
  • Do not have the time or desire for home maintenance /improvements.
  • Enjoy having amenities such as a pool, gym, concierge and tennis courts.
  • Plan on downsizing your living space or retiring in the near future.
  • Are experiencing a financial setback and/or rebuilding your credit.

The advantages of owning or renting are different for everyone, so be sure to consider these important personal situations and long-term goals before making your decision.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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8 WAYS MILLENNIALS CAN SAVE FOR A HOUSE

8 WAYS MILLENNIALS CAN SAVE FOR A HOUSE

Millennials face many challenges when it comes to buying a home. Saving up for a down payment is difficult when burdened with monstrous student loans and a tough job market. Millennials have increased credit debt and decreased personal savings compared to their parents and grandparents.

Homeownership may not be the immediate future, but improving your financial situation can begin today. The right advisors,  smart spending, and savvy saving will pave the way to your new home.

Here are 8 ways Millennials can save for a house:

  1. Hire a financial advisor: A few years out of school I was struggling to make ends meet and my debt was only getting bigger. A financial advisor helped me evaluate my finances and devise a plan to reduce debt and start saving. Interview several advisors before deciding who you want to work with.
  2. Research student loan debt options: Student loan debts are a huge burden for millennials. Contact your lender to review your options. Reducing your monthly payment can help set aside funds for a down payment.
  3. Start an automatic savings plan: Place a percentage of your salary earnings directly into a savings account.
  4.  Community Housing Innovations, Inc.
  5. Consider a roommate or two: Reduce your rent and utility bills. Car pool to save on gas when making trips to the grocery store or heading to work.
  6. Evaluate your spending habits: What are your every day spending habits? Track every expense you make over a week. Try using Mint or Level to help track your spending.
  7. Cut back on monthly expenses: Don’t overpay on gym memberships, cell phone plans, and cable TV. Choose less expensive plans and watch your savings grow.
  8. Reuse, Recycle, Repurpose: Before you go out and buy new “stuff” see what you can reuse, recycle, or repurpose.
  9. Earn extra money: Freelance and part-time work can be a great way to earn extra income. Put 100% of this income into your down payment savings.

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For more money saving tips click on the links below: 

USA Today

US News

LifeHacker

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John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Boulder homes for sale

BEWARE OF APARTMENT RENTAL SCAMS

BEWARE OF APARTMENT RENTAL SCAMS

Since apartment rentals offer more privacy space at low costs(comparatively less than hotels), they are well in fashion and demand today. With their increasing popularity, however, the chances of scams have also increased!
As a customer, you should be careful while searching for an apartment rental over the Internet, for you may be a scam victim otherwise!
When searching an apartment rental online:
Verify the Location
Use your computer to find a list of prospective apartment rentals along with their addresses over the internet. After finding a street address, verify if the location really exists. The best idea would be to visit reputed real estate websites for authentic areas.

Prefer New Apartments Rental Apartments Question Answers

You should check for recently built apartment rentals, constructed within the last four or five years, and you can also go for those renovated within the last couple of years. Since you will be paying for your stay, have a keen look at the pictures posted on a website.
You should ask the owner to provide you with some more pictures if you find the property interesting. Take a final call only when you are sure your apartment rental has high-quality rooms and is on a good location.
Go through Online Reviews 
It is not enough to see a few photos to make a decision, for they might be false and posted to misguide you. You always have the option of going through the reviews provided online by real, satisfied customers.
Most reputed and genuine websites have a review section at the bottom of their homepage, making it easier for you to find comments left by customers. Try to find an online website that deals only in apartment rentals and has been into the business for quite long.
Use Credit card for Reservation
An advantage to reserving your apartment rental can be the option of disputing the charge, in any case if the apartment is a fake address. Most owners that accept credit cards are often genuine, for no businessman or rental apartment owner will want to get into a dispute and spoil their credit history. So, you should always use credit card when reserving an apartment rental for you.

 

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John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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THE GREAT OPEN HOUSE DEBATE

THE GREAT OPEN HOUSE DEBATE

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With the spring real estate market just around the corner, more homeowners are thinking about putting their homes up for sale. And with a potential influx of new properties hitting the market, it’s an important time to think about how you can make your home stand out from the rest.

There is an ongoing discussion of whether it benefits a seller to hold an open house. These days, virtual open houses are the norm, with real estate websites featuring virtual tours that give a more nuanced and dimensional view of a home for sale without the effort of heading out to every property that shows promise. Some agents feel that this technology is replacing the need for actual feet-on-the-ground open house visits.

Other arguments against holding an open house include the arrival of nosy neighbors to go through your home when you’re not there (but does that really matter if you’re moving away?) and worries about security. The quick fix for security concernsis to remove all items of value (both financial and sentimental) from the property before the open house. These concerns aside, many agents feel there are very few drawbacks to staging an open house. In fact, there are quite a few reasons that an open house might be a good option for you when you list your home for sale. Here are four:

Exposure. Even a casual or unmotivated prospective buyer can drop by an open house without having to go to the effort of booking a showing. A quick walk through of your home might pique an interest for further visits in the future. Additionally, open houses receive added attention via signage and classified or Internet ads. More eyes on your home could translate into an offer.

Convenience. With an open house, you get to decide on timing, meaning that in contrast to the tedious daily effort of keeping your home “show ready,” you can have it looking exactly the way you want prospective buyers to see it. You can add in fresh flowers, cookies straight from the oven, and other small touches that are harder to pull off on a daily basis when you’re not sure whether to expect a showing. Your house will come off feeling like a true home.

Comparison. On any given weekend, prospective buyers will likely have a number of different open houses they can visit in your community or area. Being able to compare yours directly to others may give you a slight edge over the competition – particularly if a buyer is motivated to make an offer and get into a new home quickly.

“The Lock. For a buyer who is already interested, holding an open house might just be the tipping point on the road to an offer. An open house gives an interested party the opportunity to check out the house more thoroughly and without feeling rushed, even if they’ve already had a private showing. A prospective buyer might even bring friends or family along to get an opinion about the house. And that could be just the nudge a potential buyer needs to take the plunge and make an offer.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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A PRIMER ON FHA LOANS

A PRIMER ON FHA LOANS

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If you’re a first-time homebuyer, you might find the world of home finance a bit daunting. Mortgages come in all shapes and sizes, and interest rates can vary depending on your financial security, credit standing, and the size of home loan you are pursuing. Conforming, jumbo, fixed- or adjustable-rate … what does it all mean?

One type of loan for which you might qualify is an FHA loan. Since 1934, the Federal Housing Authority (FHA) has provided countless homebuyers with access to guaranteed, government-insured loans. This program has extended the option of home ownership to many responsible first-time buyers. While FHA loans are generally easier to qualify for than conventional home loans, it’s important to know a little bit of background information about this type of loan if you intend to apply for one. Here are a few facts worth noting for those interested in an FHA loan:

•The FHA does not actually provide loans; rather, it guarantees them. Only FHA Qualified Lenders are authorized to provide these loans, which the FHA then insures.

•FHA loans require both a credit report and an appraisal of the property for sale. If you begin the application process for an FHA loan, you should be prepared to pay for both. As with all home loans, a high credit score is essential to your ability to qualify.

•Loans backed by the FHA vary in different parts of the country in terms of loan cap amounts and general guidelines. Consulting a loan officer is vital to understanding the regional rules governing loans in your area.

•One of the attractive features of an FHA loan is its low down payment requirement. While most conventional loans involve a down payment of 20%, FHA loans can carry a down payment requirement as low as 3.5% – a great benefit to first-time homebuyers with financial security, but without a lot of reserve cash on hand.

•When pursuing an FHA loan, expect to provide ample documentation in the way of bank statements, employment verification, tax returns, pay stubs, and any other documents related to your financial holdings. Loan requirements in general are more stringent than ever, so be prepared to prove your financial solvency.

•FHA loans carry different interest rates that vary by lender, so make sure to do your homework and set your sights on the most attractive rate available to you.

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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PRICING YOUR HOME TO SELL CORRECTLY

PRICING YOUR HOME TO SELL CORRECTLY

Pricing

Setting your asking price correctly is the key to successful results. Guided by our local market expertise, you’ll be able to make that decision with confidence.

It is important to remember that the value of your home is ultimately not set by you, but rather by the amount of money a buyer is willing to pay for it at any given time.

PROPERTIES PRICED RIGHT:

Increase showings

Bring more interested buyers

Creates ease in the appraisal process

Keeps the prime market momentum

Sends a message about your motivation to SELL!

OVERPRICED PROPERTIES:

Helps sell the competiions

Reduce showings

Loose buyers unwilling to negotiate

Loose prime momentum

Sends a message to buyers about your motivation. (Or lack of!)

 

The best marketing in the world will not sell your home!

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Things To Consider Before Buying a New Home

Things To Consider Before Buying a New Home

 

afo

If you’re considering a move away from the big smoke of London, or are looking to buy your first property, a new build is well worth thinking about. While a large number of people fantasise about a period property and the ‘character’ that comes with it, the fact is that older properties are more expensive both to buy and upkeep, and therefore likely not to be the best investment for your hard earned cash.

They say that buying a house is one of the most stressful things you will do in your life. So, before you make this monumental decision here are some things that you need to consider.

Local Amenities

It’s all very well having a beautiful home, but if you aren’t close to local amenities you might find that your love for it soon turns sour. Having to get in the car and drive for half an hour to reach the nearest shop might suit some people, but for the vast majority of us it would soon turn into a gigantic pain.

Consider realistically how close you need to be to amenities such as schools, shops, post offices and banks. Factors you will need to take into account include whether you have a car, how busy your life is and if you have any kids. Write down every likely journey you will need to do in a week, and then calculate how much of your life will be spent travelling – this should put things into perspective!

It’s also worth considering how close you want to be to friends and family. Although you might think that moving away from them will be fine, you could quickly discover that proximity to them is integral for your quality of life.

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Can You Add Value?

Your home will probably be the biggest purchase you will ever make, and the smart move is to make sure that whatever you buy can have value added to it. Don’t be blinded by fancy décor, it’s the bare bones of the house and things like space that really matter. This will mean that you can move up the property ladder, and it will also put you in a great financial position for the future.

Some of the best ways to add value include adding an extension, converting a loft or basement or knocking down walls to add light and space. However, there are a number of things that you will need to consider. Firstly, you will need to enquire about planning permission which is usually applied for online.  In the UK the rules regarding local area’s planning permission are slightly different, but local authorities will have a website where information, contact details and relevant documents can be found.

You will also need to get a reputable builder to visit the site and provide you with a quote for the work. The price of this will likely affect how much you can afford to pay for the house. Bear in mind that if you can’t afford to make the changes right away you will have to live with them for some time – will this be practical?

What Will Your Life Be Like in 5 Years?

When you’re buying a house you need to consider what your life is going to be like in the future. It might be convenient to live in a city centre apartment now, but if you’re imminently planning to have kids you’re going to grow out it pretty quickly. Not only is moving again in a hurry a massive hassle, but it won’t make financial sense if you haven’t had time to add value or pay off much of the mortgage.

The five year rule is a good ballpark guideline – this basically stipulates that if you don’t want to take a hit financially you need to live in a house for around five years. Try sitting down with whoever you’re moving in with and brainstorming your future goals. This way you can establish a rough idea of how you want your life to look, and therefore the kind of house and area that will suit this vision.

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John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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SAFETY AND SECURITY TIPS FOR YOUR CONDO UNIT

SAFETY AND SECURITY TIPS FOR YOUR CONDO UNIT

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Condominium buildings are becoming the preferred residences of a lot of people especially for those who would like to reside near commercial and business areas. Despite the many benefits of living in a condominium building, there are some precautions that you have to take when you decide to live in one.

Some may think that living in a Philippine condo unit is relatively safe and secure especially with the number of neighbors, security, and staff in the building. However, there are still safety and security risks no matter where you live. Below are some tips to help you make living in your condo unit safer and more secure.

  • Get to know other residents. This may seem difficult for those who prefer not to meet and mingle with other residents of thecondominium building, but this is not for social reasons. Your only goal is to know the faces and some of the names of the other residents. Not because you want to start hanging out with them, but because it pays to know whether someone loitering around the condo is a resident or not.
  • Choose a main door that has a peephole. Do not open your door to strangers no matter how they introduce themselves. The important thing is to look and see who is at the door before opening it, which is the exact purpose of a peephole. If the door to your condo unit right now has no peephole, it is worth thinking about investing on a door that has one.
  • Lock your doors. Whether you have a condo in Mandaluyong, Makati, or anywhere else, always make sure to lock your doors at all times. If a locked door cannot prevent criminals or burglars away, so much more if it’s an unlocked door.
  • Know where the exit is. No matter where you are in the building,  always make it a habit to know where the emergency exits are. This can save your life if a fire occurs or an earthquake happens. Always orient yourself on where the nearest emergency exits are. Having a plan in place can help you stay safe and protect your property. For helpful tips, you can visit DuraBarrier USA to know about thier services.
  •  Install smoke alarms. Although this might not seem necessary for some condo residents, it’s a good way to increase fire safety in your unit. If a fire starts inside your unit, it might be difficult for the building staff to know about it. A smoke alarm will not only useful for you but also for your nearest neighbors.

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John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Boulder condos for sale

BEST SOLUTIONS FOR AN ENERGY EFFICIENT OLDER HOME

Home built in 1981. It has electric heat (e.g., insulation is good). Goal: to protect home equity. Budget: good. Increasing performance and lowering maintenance are key factors.

To make this home as efficient as possible there are certain things that can be done, however, if the home were being fixed up to sell, there are other things that can be done. Why?

  • One main reason: many improvements cost a lot of money to purchase and install and you will see the benefit in lower operational costs (heating and cooling) over the years.
  • You will see an ROI — return on investment and it will be worth it to you personally.
  • You may not see the same payback in the sale of the house.

The reasons for this are that – unfortunately – many home buyers do not appreciate the value of energy efficiency yet.I wish they did because this is the core of my business and it is definitely logical to consider such factors when buying a home, but at this time I would say it is not a primary factor in home buying.

Also, the market is limited. A certain size house in a certain neighborhood will only get so much in a sale price. The top money you might get may not be enough to cover the cost of the upgrades you have just made.

So keeping that in mind, this is what I would do if it was my house:

INSULATION. Be sure the house is as well insulated and sealed, from what you say it seems like it is, but check attic, cracks around windows, doors and electrical outlets. It is true – the envelope of the house is the number one key factor in energy efficiency.

WINDOWS – along the same lines. Are the windows relatively efficient. Are they double pane? Many people feel that upgrading windows is not worth the money in terms of ROI. I feel it is because it greatly improves the look and functionality of a house, not just the efficiency and when they are being installed you have a god chance to repair any rot and also caulk and seal for air infiltration.

HVAC SYSTEM. This is a big money ticket and if you were planning to stay in the house I would say definitely do it, but if you are selling I would try to figure out if the sale price would be worth the cost expenditure. Contact a heating service such as Hargrove-Neel as for additional guidance.

If you decide to go for it I would seriously consider a gas or electric Forced-air system, or an air to air heat pump system (also called a ‘minisplit’ system.) This is similar to a geothermal system only it does not involve drilling into the ground. It is an extremely energy efficient (perhaps the most energy efficient) hvac system and it uses electricity as its fuel source. In your case this means you do not have to switch over to natural gas (which may not be available in your area.)

CONSIDER AN ERV OR HRV. Energy Recovery Ventilators or Heat Recovery Ventilators provide air that keeps occupants healthy, removes odors, reduces moisture, removes indoor pollutants and lowers the relative indoor humidity.

Basically they take ‘used’ heat and moisture from the air that is leaving the house, while mixing it with fresh air entering the house. Dedicated duct work is ideal for your new HRV or ERV, because fresh air is delivered to the living room and bedrooms, while stale air is removed from bathrooms, laundry room and kitchens. However if you do not have a ducted system in your house already the ERV/HRV can still be installed to great effect.

ENERGY STAR APPLIANCES. Replacing old energy hog appliances is a great way to save a lot of money every month.

ELECTRICAL LIGHTS AND ACCESSORIES. Have you changed all of your light bulbs over to LEDs? Yes you can change them to CFLs – (you may have already done so) but as these burn out I would consider LED bulbs. I find them to have a much nicer light quality, they come on instantly, can be dimmed to 20%, and each bulb will last for years longer than the CFLs. Minor things like good lighting that comes on right away can greatly improve your own mood and a home buyers mood.

Also – for yourself – things like power strips, battery back up surge protectors and master cut off switches can reduce the amount of electricity you use for tv’s and computers and other appliances and make your home and equipment more safe at the same time. Check to see if any electrical repairs are required, and if so, have them completed by an electrician.

LOW FLOW PLUMBING fixtures and appliances. Many of these represent ‘low hanging fruit’ as they can easily be installed for not too much money upfront. Things like shower heads, faucets, dishwashers, and washing machines are all readily available in low flow or low use options and reduce water usage significantly. The affordability and manageability are complemented by the UK sizing feature for dishwashers.

FINISHES AND FURNISHINGS inside the house. These items have less to do with efficiency and more to do with health and durability but they often have a bigger impact on home sales.

FINISHES AND FURNISHINGS inside the house. These items have less to do with efficiency and more to do with health and durability but they often have a bigger impact on home sales.

  • What kind of floors do you have? Hardwood floors are more long lasting, durable, easier to clean and many home buyers find them more appealing than carpet or vinyl. Consider having your floors redone.
  • Same goes for kitchen cabinets and counter tops. real wood or stone, or even some of the higher end manufactured counter top products can really transform your home in a home buyers eye because they truly do represent clean, healthy, durable living.

THE EXTERIOR OF YOUR HOUSE: This is mostly a durability and maintenance issue.

  • What is the condition of your siding and roofing? If they are good, check flashing and caulks. If a new roof is needed, make sure to hire a residential and commercial roofing installation expert.
  • Check your gutters. Make sure that water is running away from the house top to bottom.
  • Consider installing rain barrels at each gutter downspout and use the water to water your garden or wash your car.
  • Keep in mind that you could add insulation to the outside of your house if you are considering re-siding, it costs a bit more but it does add a lot to your envelope efficiency.

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Boulder homes for sale