Broomfield, CO Real Estate News

By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale under $200,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO home sales: Homes sold are red,homes under contract are purple,homes for sale are blue What this report tells you:  Only a small number of Broomfield homes sell for less than $200,000, but they sell quickly! How to buy a house:  If you want to buy a house for less than $200,000, keep your search to at least $5,000 to $10,000 less so you have the ability to offer above asking price. How to sell a house:  Condition still counts!  MANY buyers are willing to put in new flooring and paint the interior, but will balk at a new roof, a falling-down fence, or a dead yard.  Hire an experienced local REALTOR to advise ...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $200,000 and $300,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO Home Sales: Homes sold are red,homes under contract are purple,homes for sale are blue What this report tells you:   Fewer Broomfield homes sold above list price, which tells me agents/sellers are pricing aggressively.  That hasn't slowed the market down at all, though - check out that 7 median days on market stat. How to buy a house:  Be ready to make a quick decision and get your offer in asap. How to sell a house:  Broomfield homes in this price range are selling fast, and in increasing numbers. Don't roll the dice to see if next year's market will be better - it doesn't get much better tha...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $300,000 and $400,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: Homes for sale are blue, homes under contract are purple, homes sold last month are red. What this report tells you:  The buyer frenzy is cooling in this price range for sure, and inventory is up. How to buy a house:  Be prepared to make a quick offer, median days on market is only FIVE, after all.  But work with an experienced agent so you're certain not to overpay. How to sell a house:   Beating out the competition is once again a factor in how to get your Broomfield house sold. Broomfield absorption rate:  Over two months Broomfield homes sold last month at or above list price:  On...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
When Wells Fargo came out with the announcement that they were gong to work with Home Depot my first thought was that this wasn't the way it was intended.  Home Depot would have a single contractor for each trade that they "approved" for each store as I recall. The FHA 203k is a "spread the wealth" program intended to lift all ships in the harbor not just one ship in each harbor.  I am still hearing it hasn't worked out the way they thought it would be, by limiting the competition they actually helps a very select few contractors have carte blanc to charge whatever they wanted and eliminated the competition. That actually has hurt the program and had they maintained fair pricing it would have worked (some did btw) but many didn't and it hurt the program in my opinion.  By eliminating th...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
This is a monthly market report for Broomfield home sales. Broomfield is a small town between Denver and Boulder.  Broomfield's real estate market is not the same as Denver or Boulder, but is very similar to Westminster, Arvada, Lakewood, and Wheat Ridge. See current market reports for Arvada, Westminster, and Broomfield CO (click the link)   I hope that issuing these reports every month will help give you an idea of the real estate market, in case you want to buy a home or sell a home in one of the best places Denver to Boulder! I've categorized my Broomfield homes market reports by price range. You can see the categories below. Clicking on a category will take you to the respective report once it's complete. I hope this will be helpful, and you will consider calling me - a knowledgeab...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $400,000 and $500,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  Days on market saw a surprising uptick for this price point of Broomfield CO homes. How to buy a house:  With a higher inventory than lower price points, you may be lulled into believing this is the same buyer's market prevalent the past few years.  But it is not - a 1.6 month absorption rate is a seller's market. Be cautious, but aware that the best homes will go fast. How to sell a house:  As more homes appear on the market in this price range it is apparent that asking prices are still staying above selling price.  Be realistic about your price. Feel fr...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale Above $500,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  This is the only market segment in Broomfield CO that can be considered having a 'glut'. Even so, putting the right buyer together with the right home continues at a steady pace. How to buy a house:  To buy a Broomfield home in this price point, you will have many to choose from and no pressure to rush a decision.  A luxury indeed! How to sell a house:  Potential buyers need to be 'wowed' in this price range.  Make sure every showing is a memorable experience. Broomfield homes over $500,000 absorption rate:  Almost five months Homes sold last month at or above list price...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $300,000 and $400,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  Broomfield homes in the $300-400,000 price range are seeing big improvements compared to last year. How to buy a house:  Hire a knowledgeable agent who works the area routinely, and be prepared to make an aggressive offer. How to sell a house:  Hire an agent who will help you enjoy the experience of selling in a good market, while avoiding pitfalls. Broomfield absorption rate:  One month Broomfield homes sold last month at or above list price:  11 (65%) This report includes only detached single family Broomfield CO homes that sold between $300,000 and $400...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $200,000 and $300,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO Home Sales: What this report tells you:   The vast majority of Broomfield homes between $200K and $300K sold at or above list price, and those that sold below list price weren't very far below. How to buy a house:  Work with an agent who will make sure you aren't paying too much, but in general you're going to have to pay asking price or more. How to sell a house:  Broomfield homes in this price range are selling fast, and in increasing numbers. Don't roll the dice to see if next year's market will be better - it doesn't get much better than this! Broomfield absorption rate:  About three weeks...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale under $200,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO home sales: What this report tells you:  Only a small number of Broomfield homes sell for less than $200,000, but they sell quickly! How to buy a house:  If you want to buy a house for less than $200,000, keep your search to at least $5,000 to $10,000 less so you have the ability to offer above asking price. How to sell a house:  Condition still counts!  MANY buyers are willing to put in new flooring and paint the interior, but will balk at a new roof, a falling-down fence, or a dead yard.  Hire an experienced local REALTOR to advise you on which improvements will make the most difference. Broomfield absorpt...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
This is a monthly market report for Broomfield home sales. Broomfield is a small town between Denver and Boulder.  Broomfield's real estate market is not the same as Denver or Boulder, but is very similar to Westminster, Arvada, Lakewood, and Wheat Ridge. See current market reports for Arvada, Westminster, and Broomfield CO (click the link)   I hope that issuing these reports every month will help give you an idea of the real estate market, in case you want to buy a home or sell a home in one of the best places Denver to Boulder! I've categorized my Broomfield homes market reports by price range. You can see the categories below. Clicking on a category will take you to the respective report once it's complete. I hope this will be helpful, and you will consider calling me - a knowledgeab...
Comments 0
By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale Above $500,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  This is the only market segment in Broomfield CO that can be considered having a 'glut'. Even so, putting the right buyer together with the right home continues at a steady pace. How to buy a house:  To buy a Broomfield home in this price point, you will have many to choose from and no pressure to rush a decision.  A luxury indeed! How to sell a house:  Potential buyers need to be 'wowed' in this price range.  Make sure every showing is a memorable experience. Broomfield homes over $500,000 absorption rate:  Almost four months Homes sold last month at or above list price...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $400,000 and $500,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  Even though the median days on market for Broomfield homes in this price range are extremely low, most homes do still sell below asking price, some of them substantially below asking price. How to buy a house:  You may be caught by surprise by the fact that Broomfield homes in this price range are selling so much faster than they have been known to, unless you work with an agent who keeps an eye on these matters.  Hire a knowledgeable, local agent to have the best homebuying experience! How to sell a house:  Hire me to list your house for a realistic price...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $300,000 and $400,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  Broomfield homes in the $300-400,000 price range are in a very healthy market. How to buy a house:  It's time to get serious - buy a house in Broomfield CO by being able to get out and see new listings at a moment's notice, or hire an agent like me, who will preview for you. How to sell a house:  Be sure to hire a listing agent who will highlight not only your home, but the great Broomfield amenities and lifestyle. Broomfield absorption rate:  One month Broomfield homes sold last month at or above list price:  Nine (40%) This report includes only detached ...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale between $200,000 and $300,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO Home Sales: What this report tells you:   What an improvement over the report on the lower-priced Broomfield homes below $200,000!  the vast majority of Broomfield homes between $200K and $300K sold at or above list price, and those that sold below list price weren't very far below. How to buy a house:  Don't play around with low offers in Broomfield these days!  Work with an agent who will make sure you aren't paying too much, but in general you're going to have to cough up the asking price. How to sell a house:  Broomfield homes in this price range are a hot commodity!  Call me now to get yo...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale under $200,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield CO home sales: What this report tells you:  Looking at the graph you can easily see that days on market is the only statistic I track that is going in the right direction for Broomfield homes below $200,000.  However, the market sample size is so small, it's not an indication of any kind of problem in this market, in my opinion. How to buy a house:  If you want to buy a house for less than $200,000, you might want to consider one of the other small towns between Denver and Boulder. How to sell a house:  Broomfield CO homes in this price range will sell, and quickly. To get the best price possible, be sure to hi...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
  Special Government Rehab Program- FHA 203K Rehab Loans in Broomfield CO. This article will explain the little-known special government loan program that is part of FHA (Federal Housing Administration- a department within HUD). A home buyer or existing home owner can remodel or update their home without having a higher cost second lien thanks to this special FHA loan program. "Luxury items" such as a hot tub or a swimming pool are not allowed with this FHA loan program. Items such as remodeling cabinetry in kitchens and bathrooms, painting, adding wallpaper, replacing appliances and flooring, or even adding a room to an existing structure (which will increase the value of the homes square footage) are allowed. Many advantages exist with this government loan program but the biggest is t...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
Colorado USDA rural housing home loans, 100% financing for Broomfield Home Mortgage Loans. USDA mortgage Loans in Broomfield are can help you with your home buying needs, and can be an excellent choice. There is an amazing 0% down payment option for you to take advantage of if you are buying a home in Broomfield or the surrounding areas. Read more about this program below: -Interest Rates are very competitive compared to both Conventional and FHA Loans. This program offers 100% financing available with minimal monthly mortgage insurance (consists of about .30% of loan amounts per year). The biggest features of a USDA home loan include 100% financing with no down payment and interest rates that are fixed for 30 years. Compare the low MI (Mortgage Insurance) to other loan programs that a...
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By RJ Baxter, 303-670-0137
(Fairway Independent Mortgage Corporation)
VA Mortgage Loans in Broomfield CO and 100% Broomfield CO VA Loans - the best loan program in Colorado! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. How do you know if you qualify for a VA Mortgage Loan in Broomfield CO? First of all, you must verify your eligibility. You can verify eligibility by ordering your Certificate of Eligibility or COE. A Colorado VA loan lender can order your COE quickly for you, or you can go directly to the VA to o...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Broomfield CO Homes for Sale Above $500,000 now! See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Or, read on for a report on Broomfield Home Sales: What this report tells you:  The wild graph below shows that the market for Broomfield luxury homes is in about the same condition it was two years ago.  At least there is improvement from 2012. How to buy a house:  To buy a Broomfield home in this price point, you will have many to choose from and no pressure to rush a decision.  A luxury indeed! How to sell a house:  To sell a Broomfield home in this price point, getting the buyers in the door and presenting a better picture than the competition is key.  A local agent who's knowledgeable about the competition is essential. Broomfield homes over $5...
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