I’m in contract to buy a condo in Boulder, Colorado and each step has been a huge learning experience. Buying property always is, but especially for someone like me who’s buying for the first time. I live in the South Bay, and yes, buying out of state is probably everyone’s first rule for what NOT [...]
Today’s super low interest rates are making for much lower monthly mortgage payments, and this may have some people considering a 15-year loan instead of the traditional 30-year loan. Which is better? One of my old business school professors said the best answer is often “it depends”. So what kind of loan you take out [...]
A recent story in the Wall Street Journal “Paying Less for a Mortgage. How to Sidestep Rising Rates on 30-Year Fixed-Rate Loans” caught my attention right away. I always thought paying more in interest was worth the safety of a lower monthly mortgage. Now I’m not so sure. With a 15-year fixed rate bottoming out, [...]
Investment homes are popular in this Colorado town. Boulder, Colorado is a lot like Austin, Texas in that everyone loves both cities. Both are college towns, have lots of high tech, and the locals love that their towns are unique. There’s “Keep Austin weird” and despite becoming very trendy, Boulder is still known as a “hippie town” [...]
The median price paid for a Bay Area home in September of $429,000 is the highest in four years, according to a report out this week by DataQuick. That’s up 4.6% from $410,000 in August and up 17.4% from $365,000 a year ago. These are numbers realtors must love and potential buyers — like myself — running for well, other markets. Especially when I hear September’s median home price in San Francisco was $750,000.