Broomfield, CO Real Estate News

By Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR
(A 2 Z Realty LLC)
How's your FICO Scores calculated!   The Fair Isaac Company AKA FICO does the calculation! FICO Scores are calculated from credit data in your credit report, which you can get free annually at: www.annuelcreditreport.com   This data can be grouped into five different categories as outlined below. The percentage is reflecting how important each of the categories is in determining your FICO scores!   First Category: Payment History is 35% of your total credit report scores!   Second Category: Total Amounts Owed to creditors 30%!   Third Category: The Length of your credit report history 15%!   Fourth Category: New credit acquired 10%!   Fifth Category: Type of Credit used 10%!   This is just FYI only! Thanks
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By Steve Cramer, Realtor Emeritus, CIPS, CRB, CRS, SRES, SFR
(Exit One Realty - Denver)
We have felt lucky since moving to Broomfield, kind of like we found a "hidden" gem. Well the secret is no longer a secret. "Money" Magazine has let the cat out of the bag. Broomfield was named the 19th best city in the United States to live in.    It really is hard to keep a secret. Broomfield is a community with a healthy mix of homes, ranging from cozy starters to executive mansions. An abundance of parks, trails, recreation facilities and first class shopping make our city a great place to call home.  With a median income of almost $97,000 and a median home price of $260,000 it has something for everyone. Still wondering what else would make Broomfield such a great place to live?  How about easy access to over 3,000 restaurants, 31 movie theaters, 65 public libraries, all within 15 ...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
    This snapshot of the real estate market in Broomfield, Colorado provides info on homes for sale, under contract, sold in the past six months, and days on market using information taken directly from Metrolist on July 19, 2010. Absorption rate is an estimate of how long it would take all the houses currently on the market to sell, if no new ones were added, based on how many sold in recent months. It’s an artificial number, of course, but a good indicator of market trends. I think it's one of the most useful statistics we can be aware of.  I believe absorption rate is more valid than ‘days on market’, because DOM is quite skewed by short sales, which stay on the market considerably longer. Broomfield doesn't have as many homes available in the lower-end price spectrum as other nearby...
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By Brian E. Kinkade, Kinkade Team at Brokers Guild Real Estate
(Brokers Guild - Cherry Creek Ltd)
Broomfield Offers Convenient Location, Parks, Recreation and Loads of Fun! Broomfield is centrally located right between both the bustling metropolis of Denver and the beautiful and historic city of Boulder. Get in your car and drive just 20 minutes in either direction and you can be in either of these two cities, enjoying all of the amenities therein. The Denver International Airport is nearby as well, at about 40 minutes from Broomfield. This is a wonderful area that offers you the benefits of rural living with quick access to every modern convenience you can think of. One of the many drawing points of Broomfield is the safety of this town. The streets enjoy a solid reputation for safety, and the crime rate here has been declining for more than a decade. When you’re looking at Broomfi...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Who Were They? Marital Status: 49% Married, 25% Single Females, 12% Single Males Age:  53% Aged 24 to 34, 12% Younger than 24 (That's impressive!) Area:  52% Purchased in the suburbs, 22% in Urban areas, next highest area was a small town It seemed like literally EVERYONE was purchasing a foreclosure, but in reality, even though 56% considered it, only 11% actually did.  
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Home Hunting Hotline | Sellstate ACE Realty | hhhco@sellstate.com | 303-531-0319 4535 Nelson Dr., Broomfield, CO Call us 24/7 for recorded info: 1-888-324-4059 ext. 3084 3BR/2BA Single Family House offered at $285,000 Year Built 1999 Sq Footage 3,280 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 6,300 sqft HOA/Maint $43 per month see additional photos below PROPERTY FEATURES - Fireplace - Family room - Basement - Laundry area - inside COMMUNITY FEATURES - Garage parking OTHER SPECIAL FEATURES - Corner lot - Built-in entertainment center - 5 pc. bath - family neighborhood - Very motivated seller ADDITIONAL PHOTOS Photo 1Photo 2Photo 3Photo 4Photo 5Photo 6 Contact info: Home Hunting Hotline Sellstate ACE Realty hhhco@sellstate.com 303-531-0319 For sale by ...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
DICK'S Sporting Goods Flat Out 5K Broomfield, Colorado Date & Time Saturday, May 15, 2010, 8:00 AM Address FlatIron Crossing Mall In front of Dick's Sporting GoodsBroomfield, Colorado Fees$15 Description This is a one loop course on the scenic Zip Shuttle path around the FlatIron Crossing Mall. You can also use your time in this race to be seeded in the top 22 waves of the 2009 BolderBOULDER. All participants will receive a race t-shirt and a one day pass to Lakeshore Athletic Club. After the race you can enjoy the expo with a free Gordon Biersch brew or soda, fries and music. Special awards go to age group winners. Additional Information and Registration Get out there and run. Running Event Information Provided By: J. David Lampe, REALTOR® Broker Associate Denver Real Estate Group 303...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it. 1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Thinking of Making an Offer on a Short Sale? What You Need to Know Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? That's true, but it pays to know a little about the seller's situation before you make an offer. If a home is being sold for below what the current seller owes on the property-and the seller does not have other funds to make up the difference at closing-the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the hom...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Broomfield has many great options for the downsizing baby boomers.  The development of which I would like to speak today is called Gate N Green.  It is for the 55 and over age group.  It was built in several phases between the early 1970's and late 1980's.  The homes there are all ranches with 2 bedrooms, 2 baths and 2 car garages.  It's centrally located in Broomfield and very near the local golfcourse.  On the grounds there is an indoor pool to swim in year round, a nice clubhouse to use when the family comes to visit and near open space to go for a nice leisurely walk. Most of the homes sell in the range of $210,000 to $250,000 range.  There is an HOA fee of $130/month to cover the nice above amenities.  The HOA is privately ran by volunteers that reside in the development, and in a ...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
If that's what you think, please read on.....  I was driving to an open house today which I was hosting in Broomfield CO, and I noticed many signs of spring.  There was one sign of spring in particular that I noticed.   An older couple, both with graying hair, taking a leisurely walk down the sidewalk together.  They didn't seem to be in a hurry.  They didn't even appear to have much to say to each other.  No longer did they need to rush to that next appt. or did they find it necessary to always come up with something to say to each other.  When I was younger, I remember times when I would spot an older couple in a restaurant or in the car driving down the highway that didn't seem to have a thing to say to each other.  I remember thinking that it was very sad.  But now I think I finally...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Miles-for-Smiles 5K run/walk, Broomfield, Colorado Date & Time Sunday, May 23, 2010, 9:00 AM Address Broomfield Commons Park 13201 Lowell Blvd Broomfield, Colorado FeesAdults $25.00Children (12 and under) $15.00 Registration Closing Date Friday, May 21, 2010 @ 11:59 PM Description The 4th Annual Miles for Smiles 5K Run/Walk will be on May 23, 2010 at 9 a.m. The race is being held at Broomfield Commons Park. The scenic course is mostly on open space trails and has a beautiful view of the mountains. The race will start and end at the all purpose turf field in the middle Broomfield Commons. The race benefits the Two Angels Foundation, a foundation that helps provide adaptive recreational equipment to physically disabled children in Colorado. This is a Bolder Boulder qualifying race. Prize...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Broomfield Real Estate Market Report Broomfield, Colorado Broomfield, Colorado is a great community located half-way between Denver and Boulder Colorado. Nightlife, restaurants, and shopping are easy to get to. Broomfield has exceptional views of the Rocky Mountains including the Flatirons and Longs Peak. Open space and trails are abundant for outdoor recreation. If you're looking for a great community with an easy commute to Denver or Boulder and great views, Broomfield is the community for you! Real estate sales are relatively strong in Broomfield. If a Broomfield home is priced competitively, it sells quickly for close to the asking price. Now is a great time to purchase a home for sale in Broomfield. Interest rates are still low and if you are under contract before April 1, 2010, yo...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Kohl Elementary 5K Run/Fun Walk Date & Time Saturday, April 10, 2010, 8:00 AM Address Kohl Elementary School 1000 W. 10th AvenueBroomfield, Colorado Fees$20.00 Registration Closing Date Thursday, April 08, 2010 @ 11:59 PM Description Join us in this exciting and fun-filled event and help support the wonderful children and educational opportunities at Kohl Elementary School. The 5K course is certified by USA Track & Field (USATF) so official and timed results can be used as a qualifier for the Bolder Boulder or any other race! Afterwards, a free chidren’s 1/2 mile fun run will be held. Refreshments, snacks, and goody bags will be provided after the race to all registered participants. Cash prizes will be awarded to both Men's and Women's 1st ($100), 2nd ($50), and 3rd ($30) place finish...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
The National Assn of Realtors has a great resource for consumers that is filled with ideas on maintaining the value of your home. 
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
During the last 6 month period ending mid Feb. 2010, 37 homes have sold within the Broadlands subdivision located in Broomfield CO, at an average net price of $408,285 and 91% of the listing price.  Days on market averaged 162 days, but that included two homes that were on the market for 835 days and 1227 days. Excluding those 2 homes, brings the average DOM to around 111 days.  Average sq. ft. price was $159.  Out of those 37 homes, 3 homes or about 8% were short sales and 6 homes or about 16% were foreclosures.  That totals about 25% of the homes sold during that time period that were in some type of distressed situation.  That is a higher percentage of distressed sales than in the past, but is still not bad at all comparing it to many other areas in the north metro Denver area.
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Race4Kids’ Health 5K Date Sunday, April 11, 2010 @ 9:00 AM local time AddressBroomfield County Commons Park 13200 Sheridan Boulevard Fees$25 before 3/12, $30 before 4/9, $35 Race Day, $80/Family of 4 or more Benefits Healthy Learning Paths is a nonprofit partnership of medical and educational professionals who recognize and teach the critical connection between wellness and learning for children’s success. Programs are taught by licensed experts who provide comprehensive resources for teachers, childcare professionals, parents and children. Topics include sleep, mental health, nutrition, activity, social behavior, advocacy, and more. Additional Information and Registration Get out there and run. Running Event Information Provided By: J. David Lampe, REALTOR® Broker Associate Denver Real...
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Forbes likes the Denver and Broomfield CO home real estate marketsA recent article on the 10 smartest places to buy a home by Forbes indicated that the Denver-Broomfield-Aurora Colorado residential real estate market is number 5 out of ten on the list of the smartest places to buy a home for appreciation in the next five years.  The results were based on the rental vs. owernership premium, as computed by Forbes, as well as the areas judged by economists as the most likely to appreciate.Obviously the hyper-locality principle still applies for home buyers in the Denver area and great care should be taken with respect to neighborhood, schools, arterial access, or those other factors that are specific to each homebuyers' needs.For detailed information on Broomfield homes and neighborhoodsFo...
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By KAREN THOMPSON, GRI, REALTOR, Colorado Homebuyer Pro
(KTHOMES, LLC)
Broadlands, a local golf course community in Broomfield CO seems to be holding it's own relative to homeowners being in a distressed situation when selling their homes.  According to the last 6 mos. of sales in that subdivision, only about 20% sold in either short sale or lender owned (already been through foreclosure) situations.  Many other areas within the Denver metro area are much worse off.  But I have also noticed that there have been many properties in the Broadlands that have been for sale, but then withdrawn from the market.  This was probably because the decline in market value will not enable those homeowners the opportunity to walk away from their homes without bringing money to the table at closing. So hopefully many of those people that have withdrawn their homes from the...
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By David J. Lampe, Realtor - Web Savvy Denver
(Your Castle Real Estate)
Broomfield Real Estate Buyers Take Advantage Of The Tax Credit The federal tax credit for first-time Broomfield Real Estate homebuyers has been expanded. It now includes homeowners who have lived in their current home for at least five years and purchase a new home. Homeowners who buy a new home in Broomfield can claim a $6,500 tax credit. A tax credit is much better than a tax deduction because Broomfield Real Estate owners who buy a home will get the entire $6,500. First-time buyers will get $8,000 from the federal government. Homeowners in Broomfield who want to take advantage of this great government program need to get their Broomfield Real Estate for sale as soon as possible and sell their house fast. They need to get their current home sold and get under contract to purchase thei...
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