A client of mine who owns a rental property in Parker got an email a few months back from the county letting her know a document had just been recorded against her address. She hadn't sold anything, hadn't refinanced, hadn't signed a thing. It turned out to be a filing error, nothing sinister, but for about twenty minutes she was convinced someone had taken her house out from under her. That's exactly the...
A buyer I worked with this spring found a two-bedroom unit in a mid-rise building near Cherry Creek. Great location, updated kitchen, priced right. Her lender pulled the building's Fannie Mae project status two days before we were set to write the offer, and it came back "unavailable." She wasn't buying a bad building. She was buying into a building that could no longer get a conventional loan, and that...
A client called me a few weeks ago asking about Anthem Ranch in Broomfield. She and her husband are 61 and 58, their kids are grown, and they are done maintaining a five-bedroom house in Highlands Ranch they do not need anymore. Her first question was not about price. It was whether they could even buy there if her husband was only 58. What "55+" Actually Means (It Is Not What Most People Assume) The rule...
A client of mine in Highlands Ranch called last month with a good problem. She bought her house in 2021 at 2.875%, it's worth about $260,000 more than she owes on it now, and she'd just found a small rental property in Parker she wanted to buy in cash-flowing condition. Her first instinct was to refinance her primary home and pull the equity out. Her second instinct, after we ran the numbers together, was...
A client of mine in a Lone Tree townhome had a neighbor's washing machine overflow into her unit last spring. Water came through the ceiling, ruined the flooring, and damaged cabinets she'd upgraded when she bought the place. She assumed the HOA's master insurance policy would cover it. It didn't, not most of it. The master policy covered the shared structure. Everything inside her unit's walls was on her,...
A seller I worked with in Aurora had her home under contract in about a week, a great outcome by any measure. Then the appraisal came back, and it wasn't the value that was the problem. It was three items on the appraiser's checklist: peeling paint on the exterior trim, a missing handrail on the basement stairs, and an outlet with exposed wiring in the garage. None of those would have shown up on a...
An investor I worked with last month wanted to add a third rental property to her portfolio, a duplex a few blocks off Mainstreet in Parker. Her accountant had already told her the truth she didn't want to hear: two years of depreciation write-offs on her existing rentals made her tax returns look nothing like her actual income, and a conventional lender was going to struggle to approve her. Her loan...
A seller in Aurora called me a few weeks ago mid-move, a job relocation that came together fast, and realized once we ran the numbers that what she owed on her mortgage was more than the house would likely sell for even after a fresh coat of paint. She'd heard the term "short sale" from a coworker and asked me the question I hear most often about it: does this mean I'll owe money forever? The honest answer...
A buyer I've been working with found a beautiful two-acre lot in Elbert County last month, the kind of spot where you can build exactly what you want with room for horses and no next-door neighbor in sight. He assumed financing it would work like buying a house. Then his lender asked for 35% down, and the whole timeline he'd been planning got a lot more complicated. Why a Land Loan Doesn't Work Like a...
I had a buyer tell me last week that she was waiting for prices to "actually drop" before writing an offer in Aurora, and two days later a seller asked me why her home hadn't gotten a single showing in ten days even though it was priced right against the comps. Both conversations come down to the same handful of numbers, and it's worth walking through what they actually say heading into the second half of...
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