Things to do in Denver this Memorial Day Weekend

This weekend is Memorial Day weekend, which means one of two things; either you are staying in the city to have a bbq or you are heading out of the city to do on a short vacation. If you are staying in Denver this weekend, I poked around to find some great activities to do for you and your family because it is a long weekend and you should go out and enjoy!

Downtown Denver Arts Festival – May 22nd – 24th

This is all weekend long and features the best of Colorado visual artists. More than 125 artists from all over the state will be there exhibiting and selling their art. A fun way to meet local and Colorado artists and see what talent can be found in our great state!

Denver Day of Rock – May 23rd

Downtown Denver will be transformed into a massive free rock concert for all of Denver to enjoy one day and one day only. With 20+ bands taking to five different stages, you are sure to find something to get down to. The performances will take place all down 16th Street Mall, making it easy to get from performance to performance. Bring the whole family to enjoy food, beverages, and of course, the music.

Take a Colorado State Capitol tour –

Modeled after the Capitol Building in Washington D.C., the Colorado State Capitol building is a stunning structure with beautiful stained glass depicting people and events essential to Colorado, combined with elegant Colorado white granite, rose onyx, and Yule marble. Even if you have been a Colorado native your whole life, this is a great building to go see inside and take a guided tour. There’s also a 99-step spiral staircase to an open-air deck offering spectacular views of the city skyline and Rocky Mountains just be sure you wear a good pair of shoes!

Coors Brewery Tour –

For those of you 21+, heading up to Golden and going on the free, self-guided Coors tour is kind of a must. What better weekend to do it then this holiday weekend? Coors Brewery is the world’s largest brewing site and they continue to use the same Rocky Mountain spring water their found Adolph Coors discovered in 1873, sounds tasty to me.

Colorado Rockies vs. San Francisco Giants – May 22nd – May 24th

What is better than a day spent with the Rockies eating hotdogs and spending time with your family? Catch a game this weekend and make sure to cheer loudly for our boys!

Denver Comic Con – May 23rd – May 25th

For all the comic and science fiction fans out there, this is the event for you. Held at the Colorado Convention Center, this fun event brings out the fans young and old. Make sure to go dressed as your favorite character and enjoy meeting some of the Comic Con greats.

Red Rocks Amphitheater –

The first Film on the Rocks is this Saturday May 23rd with the showing of The Hunger Games: Mockingjay Part 1. If you are an early morning person, head out Saturday morning for the Fitness Challenge and enjoy a heck of a workout while you take in the beautiful scenery.

Whether you are staying in town this weekend or heading off to a vacation, I want to wish you and your family a safe and happy holiday. I also want to take a quick minute and say thank you to all the men and women who have served our country and those who are serving today, thank you for all that you do. 

Photo by kwasny221/iStock / Getty Images

Photo by kwasny221/iStock / Getty Images

Sprucing up your home for the big sale

Spring and summer here in Colorado are the biggest seasons for selling and buying houses. Sellers know when the weather changes, buyers are out and about looking for their next purchase. These sellers also know that putting in some money to the appearance of their house after the winter will attract more buyers, add value, and potentially give them more offers at the end of the day. One of the biggest recommendations I have for homeowners is to keep your house up-to-date with inspections, presentation and overall wellbeing. If you keep your house functioning but don't give it updates when needed or replace appliances when they falter, you will have a much bigger job on your hands when it comes time to sell your home. To be able to put your house on the market with little work will keep your selling experience less stressful and will keep buyers more interested in what your beautiful house has to offer.

I have compiled two lists; one is for things to do during the years to keep your house up-to-date and the other is what to do when it is time to put your house on the market, how to get your house selling ready!

List 1 - What to do yearly to keep your house in good condition:

  • Have your appliances checked - There are professionals out there who would be happy to stop in and check on your appliances from your water-heater to your stove. Keeping your appliances up-to-date and working properly will keep you from having expensive replacements if the new buyers find issues with the appliances before moving in.
  • Maintain your yard - Your yard really is the first things buyers will see when they pull up to your house so keeping a good curb appeal is like putting the finishing jewelry or shoes with a great outfit, the wrong shoes could wreck the whole outfit just as a yard unappealing to the eye could turn buyers off immediately. Mow, prune trees, cut bushes, pull weeds, and plant flowers yearly to keep your yard looking extra beautiful.
  • Paint, it's cheap and makes things look fresh - If you notice the paint on your house or inside your house is starting to look a bit drab, maybe it is time to add a fresh coat. Giving your house this extra love is a sure way to show potential buyers that you care about this house and care about who the house is sold to. 

List 2 - Preparing to put your house on the market:

  • First impressions are everything - This is more true then you would expect but you want every buyer to pull up to your house, enter your house and think to themselves, I could definitely live here. Curb appeal as well as entrance appeal are a must to make a potential buyer see what your wonderful house has to offer.
  • Paint, paint, paint! - Again, paint is cheap and can really add character to a room. While many of the rooms in your house should be neutral to let buyers put there own vision in each room, adding a bit of color throughout will give the house a unique appearance. Maybe even having a room or two have a theme when staging them, from a beach room to your backwoods room, giving your home that homey feel and character can really help buyers imagine what can be done in those spaces.
  • Keep it light and keep it bright - Don't over clutter your home with a bunch of furniture and decorations, you want buyers to see the amount of space in each room so arrange your furniture in each room to show off the whole area. Also, let the sunshine into each room, make sure shades are open and drapes are pulled back to let all the light into each room.
  • Focus on the heart of the home - As many people will tell you, the heart of the home can be found in the kitchen. If you are going to put money into redecorating or refurbishing rooms in your house, the kitchen is a great place to start. Update appliances and make sure to give the kitchen a real warm feeling so buyers can envision family dinners and friends coming over for potluck in that space.
  • Don't forget the garage - Yes, buyers will go look at this space!  First, make sure it is clean and then try to put up shelves and organize the area to show how that space can be used in many ways not just as a place to park cars. 
  • Hire a realtor - I cannot stress enough how much work goes into selling a house and to help you with that, make sure to really consider having a real estate agent help you. If you are looking to sell your house this summer, give me a call and I would be happy to sit down with you and go over recommendations I would have to spruce up your place to get it market ready. 
Photo By: Victor Fossen

Photo By: Victor Fossen

How to Negotiate When Buying a Home

In today’s fast-pass housing market, especially in Denver, going to buy a home can seem like an experience at an auction house. You know what I’m talking about right? Where the auctioneer (here being the home owner) has the ultimate say and you and a good dozen people stand around hoping to make the final offer and hear those magic words of “Sold!”.

So how can you best prepare when going in to negotiate? What is the best way to approach an initial offer, decide on a good price, and finally, sign on the dotted line for ownership to the house of your dreams?

Well first thing is first, you need to have help in your corner from day 1. Working with a REALTOR® is going to put you ahead of the curve because REALTORS know the industry inside and out. We know how to negotiate with sellers and buyers, we know the neighborhoods and what houses are worth, and finally, we know how to get down and creative if we need to in order to help negotiate the best price and outcome for you and your family.

First and foremost, when looking to buy or sell and when it comes to negotiations, find a good REALTOR® and even better a REALTOR® who is an MCNE ( Master Certified Negotiation Expert) (if you are looking currently feel free to give me a call, happy to talk with you).  But here are some other suggestions when it comes times to negotiate for the house of your dreams.

Denver is currently in a sellers’ market, meaning that there is a high demand for houses and sellers’ hold the power. In this type of market you need to move quick when it comes to a desirable house and make a good connection with the buyer. If a buyer doesn’t like your offer, they won’t spend a lot of time negotiating with you. So when working in this market, keep it very simple in the steps to make before negotiating and the steps during negotiation:

  •  In any market, it is essential to get pre-approved right away for a loan. If a seller sees you have the means to purchase their house that always makes them more comfortable with negotiating.
  • Go in strong with your offer, offer the asking price or something close to it.
  • Consider writing a personal letter with your offer or even add a photo to let the seller see who the potential buyers are and an image of the new people who would enjoy the home just as much as the seller did.
  • Ask only for the standard contingencies — financing, appraisal and inspection — to protect yourself down the road.
  • If you really like the home, be prepared to move quickly, houses do not last long in this market.

With all of these negotiation tools in your back pocket, it is exciting to think about finding that perfect home to call your own. Always remember, REALTORS are here to help you through the processes and are your advocate and if you are looking to buy or sell, don’t hesitate to give me a call and chat about what you are looking for, I am more than happy to lend any and all master negotiation skills I have!

Photo by alengo/iStock / Getty Images

Photo by alengo/iStock / Getty Images

Source: htt://www.brigettemodglin.com

Paying Over List Price

Spring has sprung around the Denver area and with the changing of seasons and new life sprouting everywhere there also begins the new busy season in the housing market. Have you decided this spring might be the perfect time to start looking for that dream home of yours? There is no time like the present and as Denver continues to grow on the daily, if you are ready to purchase a home, start looking today but be prepared for what you might run into along the way.

 In the Denver market, many buyers are paying over the list price, which can be hard or uncomfortable when you are entering the market with a specific budget in mind. Due to this being a sellers market where homes sell quickly and sellers have a lot of pricing power often even the appropriately priced homes in the Denver metro region sell quickly and receive multiple offers and even cash on the spot offers. In the last month alone, 48 homes in Denver urban neighborhoods went under contract in 7 days or less and sold for 102% of their original list price. The seller and the listing agent determine the list price based on the current market and by comparing recent sales of similar homes. If priced well, the home will fall within a verifiable range based on those sales. Please understand this is a range and there is not set number.  To ensure the home is priced accordingly, ask your Realtor to look at sold and under contract comps in the neighborhood and to discuss those with you.

 With record low inventory and high buyer demand this is causing homes in the Denver metro region to appreciate rapidly. The rule of thumb is to look at comps within the last three months.  If you look back further than three months this can skew your price point and your mental willingness to aggressively pursue the home. Denver homes appreciated at an average of 17% over the last year. This means that the home you could have purchased 12 months ago for 400k is now worth 451k. This provides a solid case and can make you more comfortable when offering over list price. One thing not to do is wait to make an aggressive offer until you have searched for months and lost out on several homes due to being outbid because you could very well price yourself out of the market.  Here are some guidelines you and your agent can employ to help you get under contract and into your next home:

·       Pursue homes priced below the top of your price range. Giving yourself a 3-5% financial buffer will allow you to comfortably bid over list price, providing you a competitive edge and more leverage.  

·       Unless you are paying cash for the property, an appraisal will be required. The appraisal is an official report comparing similar properties (comps) to determine the value of the home you are purchasing. The lender will use this appraised value to determine how much money they will lend to you. If the offer you submitted on the property is higher than the appraised value, you will need to account for the difference.

·       As the buyer, be prepared to make up that difference by bringing cash to the closing table. If the seller is willing to negotiate, they may adjust the purchase price or look to find a compromise between the two. If you reviewed the comps with your Realtor prior to making an offer, you should have a realistic idea of the value of the property.

If your offer far exceeded the homes estimated value, in order to get under contract, there is a good chance the deal will crash at appraisal. Another buyer, the one with the solid and realistic backup offer, is waiting for this to happen. Moral of the story: Make sure you can follow through on your offer before submitting it.

·       Consider terms when writing a competitive offer. The highest offer is not always the deciding factor for sellers. In other words, those with the most money do not always win. A well-written contract with terms that address the seller’s needs is equally important. Does the seller need to find a replacement home? If so, your offer should allow them time to do just that. Will they consider making a concession for updates or closing costs? If not, don’t ask for them in your initial offer. Are there any other offers on the property? If so, you need to adjust your offer accordingly. An experienced Realtor will call the listing agent to ask questions specific to your purchase, allowing you to craft an offer that works well for both parties. The fact of the matter is: If multiple parties are imagining living in the home you love, you’ve got to move past the list price before putting out the welcome mat. Talk to your Realtor about thoughtful strategies to secure your next home.

 If you think you are ready to dive in and start looking, start your search here. I know how daunting it can be to begin looking for that dream house of yours and I am here to help you take those first and last steps to securing that special place. 

 


Treat your mature business like a Startup.

Even though I have been in business since 2000 I still consider myself and my business like a startup.  Technology, people and new innovations are always changing and you have to make sure you always stay on top of them.  

I recently purchased a Colorado longboard company and found myself calling it a startup but It has been around since 2008.  It never got to really see the market and it had so much potential.  My husband, Jay Modglin and I decided to buy this company because we love business and new challenges.  We saw the potential to grow this company but we also saw that it is part of a cool creative culture and we were excited to be a part of it. 

We never longboarded but I been snowboarding for over 20 years, Jay used to surf and snowboard and we both skateboarded when we were kids.  So we thought how hard could it be!  So we decided to purchase the company and then started to learn how to longboard.  Surprisingly we jumped on and picked it up right away. 

So this brings me back to my post about treating your mature business like a startup.  Maybe you should always consider your business like a startup so you are always looking for what is new and innovative for your business.  If you keep doing the same thing the same way it may not get you infront of anyone new.  

Time is never wasted when absorbing, reading and learning about the world outside of your own market.  Remaining curious and devoting time weekly to expand your own perspective can pay off for your business.  You never innovate examining your own category and what your competitors are doing.  Push yourself outside your market comfort zone to inspire fresh thinking and new ideas. 

I sell and personally invest in real estate full time and I love what I do.  Purchasing this new Longboard company made me realize that I needed to look at my real estate business like a startup and make sure I am new and innovative all the time.  

So I have recently started this blog and looking to meet new and innovative people through it.

Go and be a startup again but don't forgot to also be a mature business and act like you've made it! 

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Source: http;//www.LongJohnsLongboards.com