Transaction Brokerage in Colorado--What the Heck is That?!! - 01/24/10 09:42 PM
 
Most people have some concept of agency, although a lay person may not understand completely the legal definition and ramifications of agency.  To confuse the issue, many people refer to a licensed real estate professional as a real estate agent, without considering or appreciating the legal significance of the term "agent."
In Colorado, not all real estate brokers or sales associates are agents.  There are 2 relationships a real estate broker can have when working with a buyer or seller, that of agent or transaction broker.  Transaction brokerage is unique to Colorado and a handful of other states.  Actually, I … (2 comments)

Sellers, consider the resale when building or remodeling! - 01/24/10 04:21 PM
I have viewed hundreds of homes now in the Montrose area of Colorado, between the weekly broker tours, showing various homes to buyers, visiting the homes of potential sellers, and, of course, the homes of neighbors and friends.  One issue that regulalry arises is the homeowner who has overbuilt or over-remodeled, which makes us think (or say out loud to each other), "What were they thinking?!"
Many of these situations happen because the homeowners had no thought of selling anytime soon, if ever.  The house they built or the remodeling they did was for their own use and enjoyment, consistent with … (4 comments)

Montrose, CO Home Sales Statistics-Now is the Time to Seize the Opportunities! - 01/14/10 10:08 PM
While the Montrose area real estate market continued to present its challenges in 2009, in my office, we saw a slight improvement over 2008, enjoying even greater activity the last half of the year.  In November, while nationwide home sales were up 7.4%, in Montrose, per the MLS, they were up 53%! 
So, as of January 1, 2010, here are the MLS stats for home sales in 2009 and the current market of active home listings in Montrose:
                                                                                    2009  Statistics--Homes Sold Num Sold         Num Listed         Avg List Price          Avg Sale Price      % Sold 412                    1,097                    … (0 comments)