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Boulder Housing Market Remains Red Hot in February

Statistics from REColorado:

Boulder's residential housing market continued its momentum through February. The inventory remains low by historical standards, despite a 20.5% bump in new listings and a 31.5% decrease in sold listings in February 2016 as compared to February 2015. The low inventory and high demand continue to boost sellers' confidence.

To read more about the overall Denver residential housing market, click here...

What to do in Boulder this month!

Outdoor magazine has called Boulder the #1 Sports Town in America, and for good reason: many of the world's top cyclists, mountain bikers, runners, and rock climbers choose to call Boulder home. With the many options for outdoor entertainment, great weather means it's time to get outside in Boulder!

Here are some of our favorite options:

  • Boulder is a rock climber's paradise. From the Flatirons to the Eldora Canyon, there is no shortage of world-class climbing in the Boulder area.
  • Avid golfers can visit Flatirons Golf Course and get an early start to the 2016 season.
  • Foodies will want to make the trip up I-70 for the Taste of Vail. Celebrating its 26th year, Taste of Vail exhibits food from 30 of Vail's top chefs and wines from nearly 50 of the best wineries in the United States.

Before You Buy,

Check for Restrictive Covenants

You’ve just toured the home of your dreams and are ready to make an offer. You may not be aware that there may be restrictions that dictate what can and cannot be done to or on the property.

restrictive covenant—a type of deed restriction—regulates a group of new and existing homes or building lots. Developers use them to preserve a development or subdivision as a model community and control its use and appearance. Buyers agree to the sometimes-rigid restrictions in order to maintain the aesthetic standard set by the developer and to safeguard the value of their homes.

Restrictive covenants should not be confused with local zoning and government regulations. Some covenants and zoning regulations overlap. For example, either can limit the height of a building. Restrictive covenants tend to exert greater control over lifestyle. In addition to standard clauses, which may stipulate a home’s minimum size, height, architectural style, and color schemes, covenants often ban practices that could be regarded as aesthetically objectionable—such as RV, boat or non-operative vehicle parking. They may also regulate grass height, window treatments, holiday decorations, walls, fences, hedges and pets.

While most homeowners enjoy the quality of life resulting from restrictive covenants, some may limit the life you planned. Before committing yourself to a property, be certain you can live with all the restrictions.

Get Your Home Documents Organized

As a homeowner, you accumulate all sorts of documentation the moment you make the offer on your home. Loan documents, inspections, insurance policies, receipts and warranties are just a few of the documents you may be collecting. Knowing where these items are can save you a lot of time and money.

Keep closing papers such as the deed, settlement statement, appraisal, disclosures, mortgage note, inspections and title insurance policy together in one place—preferably in a safe deposit box.

For other records, a practical record-keeping system doesn’t have to be expensive. Purchase an accordion file and label each flap with a different category. Those might include:

  • Insurance Policies
  • Purchase and House Data
  • Property Taxes
  • Home Maintenance and Improvements
  • Warranties, Manuals and Receipts
  • Home Inventory

Organizing your home files may take a considerable amount of time initially, but it will definitely be time well spent in the event you need the documents in the future.

Robert Shearman

Managing Broker
Robert@LegendaryProperties.net
303-525-7100
www.RShearman.com

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