real estate: Are You Ready for the Selling Season? By Dan Polimino.
- 03/05/12 03:34 PM
Here we are, just two weeks from the start of the selling season in Colorado. While it may not look like spring yet, buyers and sellers should be gearing up. April 1st through July 31st is the best time to sell a home in Colorado. Soon your lawns will be green, flowers will be planted, the weather will be perfect, and buyers will be out en masse. With a little more than two weeks to go before the start of the season, here is a short list of what you should do to be prepared if you are in the market.
… (1 comments)
|
real estate: Don’t Get Caught in the Impact Zone. By Dan Polimino.
- 02/27/12 09:57 PM
Over the Holidays, I was vacationing in Hawaii and if you have ever been to Hawaii in the winter, you know that you can expect some great swells. The North Shore of Oahu is famous for their 20-foot swells in the winter. I was on the Big Island where the waves are much smaller and that was a good thing because I am far from being a pro when it comes to boogie boarding or surfing. Nonetheless, I wanted to teach my son and daughter to boogie board so we headed out to tackle the waves. While they did great, I, … (2 comments)
|
real estate: It’s Worth Repeating. By Dan Polimino.
- 02/20/12 09:32 PM
As you know, I have sold luxury homes for some time now and I frequently get calls from frustrated sellers who are having a tough time selling their property. I understand their frustration; it’s not been easy for the Realtors either over the last three to four years. Most people start off the conversation with the same question, which is, “Why can’t we even get an offer on our home?” The answer is one that I have written about many times before, but I think it is worth repeating. People like to make the real estate business really complicated, but the … (1 comments)
|
real estate: The mutual benefits of a Divorce Mortgage
- 01/17/12 11:13 PM
A divorce mortgage is a refinance transaction that removes the departing spouse from the current debt secured by the home or other real estate. The spouse retaining the property refinances the loan that is currently in both parties name with a loan in their name alone. A common misconception is that the departing spouse is no longer liable for the mortgage if they sign a Quit (not quick) Claim Deed to surrender their interest in the property. Even if the departing spouse no longer has an ownership interest in the property they are still liable for the mortgage unless the mortgage … (2 comments)
|
real estate: Happy Real Estate New Year 2012. By Dan Polimino.
- 01/02/12 09:37 PM
Ok, it’s that time of year again to rub my crystal ball and foretell the coming year in real estate. I should disclose that I am not a professional crystal ball reader so take this interpretation for what it’s worth (totally free, unscientific guess).
First, it’s important to note (like you don’t already know) that this is an election year and that means nothing will be normal. If we look back at past election years, we see people being very conservative, playing it close to the vest, not making any big decisions or purchases until they know whom their elected officials … (0 comments)
|
real estate: Paralysis by Analysis: How to complicate (or kill) your real estate or mortgage deal
- 12/27/11 10:35 PM
Last week my neighborhood got about a foot of snow. While running around doing last minute Christmas shopping, I noticed the wiser, more experienced drivers took a slow steady pace and went forward with a minimum of frustration. Inexperienced drivers tended to spin their wheels and loose traction, causing them to go nowhere or slide off into a ditch. This reminded me of some of the buyers/borrowers I have met over the years.
Paralysis by analysis refers to over-analyzing or over-thinking a situation to the point where a decision is not made. As General George S. Patton observed, "A good … (1 comments)
|
real estate: Lessons Learned From 2011. By Dan Polimino.
- 12/26/11 10:01 PM
Here we are at the end of the year. It’s always a good time to sit back and reflect on the past year. I also like to make a quick list of the lessons I have learned over the last year in Real Estate. Here are a few of the most notable.
1. I learned that the days are long, but the years are short. I spent a fair amount of time wishing days away in 2011. Then I look back and it seems that the years have just flown by. I am trying not to make that same mistake in … (89 comments)
|
real estate: Honesty. By Dan Polimino.
- 12/05/11 10:47 PM
A friend of mine was on a business panel and he was asked the question, “As an employer, what is the number one characteristic you look for when hiring someone?”
He answered, “That’s easy… honesty!” Amen to that! I could not agree more. He went on to say that people can learn and be trained in their respective jobs, but honesty is a hard quality to find in people these days. In fact, when you do find an honest individual, you usually get the whole package. That person tends to be good at their job, on time, looks to succeed in … (4 comments)
|
real estate: Give yourself a Christmas present!
- 12/01/11 12:21 AM
About half of the mortgages I will close in December are for people who have an existing FHA mortgage and thought they could not refinance because of all the misinformation floating around about the current mortgage environment. The borrowers will be getting a nice Christmas present in terms of monthly savings for years to come. The most common misbelieves I encounter is that people with a FHA mortgage could not refinance because:
1. I owe more than my home is worth.
2. I do not have perfect credit.
3. I do not have an FHA mortgage.
4. I have an FHA mortgage, but the property is now a rental.
… (1 comments)
|
real estate: It’s Christmas Time in the City. By Dan Polimino.
- 11/28/11 11:48 PM
What does Christmas Time mean for buyers and sellers in the Colorado real estate market? To be honest, it’s a mixed bag and here is what I mean.
Buyers: Expect to see less choice on the market. The metro area has been struggling with having enough supply of homes all year and at Christmas, inventory drops even further. Many sellers will take their home off the market in December because they don’t want to be bothered with showings when guests and relatives are visiting. The Holidays are busy enough and keeping your home in show ready condition to sell can make … (0 comments)
|
real estate: Stunning Mountain Home at Conifer, CO
- 10/12/11 02:37 AM
http://coloradodreamhouse.com/featured/property.php?id=2 Enjoy stunning mountain, and valley views from any of the five decks and nearly every room in this incredible five-bedroom, seven-bath, 7600 square foot, privately gated home nestled on over six acres of picturesque treed, mountain property. Practicality and high style blend perfectly to create a truly beautiful highland home. Extensive use of stone exteriors help this magnificent home to blend into its natural surroundings. You will enjoy the unique feel of the interior from the sweeping lines of the dramatically lighted staircase to the rare Italian marble, every turn brings a fresh delight of curves, angles, and texture.
Please … (0 comments)
|
real estate: Absorption Rate Pricing. By Dan Polimino.
- 10/11/11 12:22 AM
What is absorption rate pricing? Here is a quick definition: Absorption rate pricing answers the question, "How many months will it take to sell all the homes in my area at the current rate?" If the answer is a high number, the seller better be ready to price their home aggressively and ahead of the competition, or plan on it sitting until other homes are bought up ahead of theirs.
To figure out the absorption rate of homes selling in your neighborhood, all you need is a simple equation. First, find out the total number of active listings (homes currently for … (1 comments)
|
real estate: George and Adele Made My Day. By Dan Polimino.
- 09/27/11 12:18 AM
I don’t have to tell you that the real estate business has been tough in the last few years. Many of you may not know this, but more and more buyers and sellers aren’t even at the same closing table anymore. The deals can be so contentious and mean spirited that buyers and sellers don’t even want to be in the same room when the time comes to seal the deal and transfer the title. I have started to become accustomed to it; I am numb to it and sometimes, I even expect it. Then George and Adele made my day.
… (2 comments)
|
real estate: The Forecast Looks Good For This Fall's Real Estate
- 09/13/11 11:38 PM
http://www.coloradodreamhouse.com/index.php/news/ The Denver Real Estate Market is doing better than most places around the country. Usually there is a slow down in business right around August, but not this year. This trend bodes well for the second selling season (Fall) in Denver, Colorado. To find out more watch this week's video marketfor Denver, Colorado update with Fuller Sotheby's Agent Dan Polimino.
… (2 comments)
|
real estate: Do You Know A Good Contractor? By Dan.
- 09/06/11 02:44 AM
As a real estate agent, I must get that question three times a week. And why wouldn’t I? After all, people are buying homes and chances are they’ll need repair work or construction. Who better to ask than a real estate agent, right? Surely, the agent would know a good contractor. The answer is yes and no. Believe it or not, it’s getting harder and harder to find a good contractor. I think that like most consumers, I am looking for a contractor that “does what they say, say what they mean, meet deadlines, and do good quality work.” One would … (1 comments)
|
real estate: How to do Fix and Flips, Part Two
- 08/31/11 01:16 AM
http://www.coloradodreamhouse.com/index.php/news/ In part one of How to do Fix and Flips we talked about the hardest part of the equation which is buying the home to flip. In Part two we talk about proper timing and how long you should take in rehabbing the home. Watch this week's market update for Denver, Colorado with Fuller Sotheby's International Realty Agent Dan Polimino.
… (1 comments)
|
real estate: The Bait and Switch
- 08/22/11 08:47 PM
When I came out of college, I got a job selling cars and some of my fellow car salesmen were involved in the old “bait and switch” tactics of selling. If a customer came in and it looked like they were not going to be buying that day, the salesman would let them leave the dealership with a monthly payment that no one in town would be able to match. The price was so low it was almost hard to believe. Of course, the customer would go and shop around for the same car, but as expected, no other dealer could … (6 comments)
|
real estate: How to do Fix and Flips, Part One.
- 08/16/11 11:10 PM
http://www.coloradodreamhouse.com/index.php/news/ If you want to play in the fix and flip market you better know three things: Buying and selling real estate, home construction/renovation, and marketing. The whole deal depends on "if you buy the house right". What do I mean by that? Watch this week's market update for Denver, Colorado with Fuller Sotheby's agent Dan Polimino.
… (0 comments)
|
real estate: Short Sales Are Different In All States. By Dan Polimino.
- 08/15/11 08:52 PM
I was speaking with a few of my brethren in the real estate business around the country and the conversation centered on ‘short sales.’ Apparently, short sales are not treated the same way from sea to shining sea. My friend in Atlanta, GA works exclusively on short sales and does quite well. In fact, not only does she list them, but she sells them and gets them under contract and closed in 30-60 days. When I heard this, I almost fell off the chair. I told her that in Colorado, we cannot get the banks to respond to short sale offers … (2 comments)
|
real estate: Portfolio and Private Money Mortgages
- 08/10/11 11:42 PM
Nature abhors a vacuum. With the tightening in the mortgage market we have seen an increase in portfolio and private, also known as hard money, loans to fill the void created since subprime mortgage products have become extinct. The good news is that borrowers who do not fit in the box for a standard FHA, VA, or conventional mortgage now have options. The bad news is that rates, liquid assets after the closing for reserve requirements, "skin in the game", etc., will probably be higher. Skin in the game is defined as the amount of equity or down payment one has. Once in a great there is still some common sense in the … (1 comments)
|
|
|
|
Here we are, just two weeks from the start of the selling season in Colorado. While it may not look like spring yet, buyers and sellers should be gearing up. April 1st through July 31st is the best time to sell a home in Colorado. Soon your lawns will be green, flowers will be planted, the weather will be perfect, and buyers will be out en masse. With a little more than two weeks to go before the start of the season, here is a short list of what you should do to be prepared if you are in the market. 
;)
;)
;)
