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DOWNSIZING!!!!

 

OK, we did this already….when we moved from the Wash Park house to Jeff Park!  It was not fun….but we got it done.  Downsizing is a lot harder for me than it is for Kathy.  German girls learn to throw “stuff” away at a very early age.  It’s in the blood!  Me, I’m Irish so….not so much.  A letter my dad sent me when I was stationed overseas or a beer coaster from October Fest in Munich….these are all important and should never be just thrown away!

I have given many of my clients and friends advice on moving and downsizing….way before I needed to do it myself…so knowledgeable!  I had no idea the pain and agony of downsizing!  You find so many things that you have saved for YEARS!  Now you need to toss it.

This time around, in order to save our sanity, we are using Cathy and Pat from Moves With a Heart .   These wonderful ladies really make downsizing and moving soooooo much easier!

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Bob and Marge

These are our longtime friends and clients Bob and Marge.

Last year we helped our friends sell the home that they had lived in for almost 50 years as they were downsizing. These moves are never easy. I am proud to say that Brooke and I make the whole process as stress free as possible.

Here is a note from Bob and Marge that they wrote after the big move:

“We feel that Kelly and Brooke really looked out for our best interests during the entire process of selling our home.  Their support reduced our stress and we were completely satisfied with the outcome.  It is easy to recommend the Bailey team!”
~ Bob and Marge

Ahhhhhh…a good cup of COFFEE!

I love a good cup of coffee. I think I started drinking Java when I was in the service back in the dark ages. I love the smell of coffee brewing in the morning. And to sit down with that first cup and the morning paper….what a great way to start the day!

When I first got started in real estate, a lender stopped by my office one morning and brought me a latte. I never even used cream in my coffee….but I was hooked! It is now one of the joys in my week to have a latte. Also, I find that meeting people for a good cup of coffee is a terrific setting for a great conversation.

Since becoming Realtors, Brooke and I get around the city quite a bit. We have a few all time favorite coffee shops. In the next couple of weeks I will give you some of those favorites to try for yourself. Let me know if you have a good spot that you enjoy and I will add it to my list.

It is a Good Life!

Kelly

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Hurray for Wheat Ridge!!!

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Wheat Ridge was named one of the best cities in the nation for active retirees.

A company that has been tracking small and mid-sized cities for the past 25 years has named Wheat Ridge as one of the best cities across the nation for retirement.

The ranking was released on Monday by Livability.com.

The city of 31,000 was ranked fifth on Livability’s 2014 Best Places to Retire list – the only Colorado city to make the cut. Wheat Ridge was sandwiched between Honolulu, in sixth place, and Largo, Fla., No. 4.

Livability pointed to Wheat Ridge’s numerous bike trails, fitness centers, proximity to mountains and ski resorts as important amenities for active retirees.

“Retirees looking for motivation to get outdoors will find plenty in Wheat Ridge, which has the highest percentage of residents who exercise out of all the cities on this list,” according to Livability. Wheat Ridge also was one of the healthiest cities it researched for the rankings.

Those who are 65 years or older account for 18.6 percent of the city’s population.

And while duffers may be dismayed there are no golf courses in Wheat Ridge, “there are more than 40 within a 45-minute drive,” Livability noted.

 

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Shoppers are shown in Wheat Ridge last Christmas season. Shopping and restaurants, as well as its proximity to Denver, made Wheat Ridge a top destination for active retirees, according to Livability.com.

And speaking of short drives, Denver is just minutes away,” the website added. “Wheat Ridge residents take advantage of more urban conveniences and culture found in downtown Denver while enjoying the small-town character of their city.”

The site also factored in Wheat Ridge’s support groups, abundant shopping opportunities, great restaurants, low crime and excellent health care into its ranking.

Also working in Wheat Ridge’s favor is the homestead exemption Colorado provides to eligible residents 65 and older.

In addition, Livability noted that Colorado residents 55 and over receive a retirement-income exclusion from state taxes.

At 7.5 percent, Wheat Ridge’s sales tax is also lower than the national average of 9.6 percent. On the other hand, the cost of living in Wheat Ridge is 10 percent higher than the national average, according to Livability.

“We are thrilled to have Livability recognize the high quality of life that we enjoy in Wheat Ridge,” said Wheat Ridge Mayor Joyce Jay. “For residents who want easy access to both an array of outdoor amenities and all Denver has to offer, we’re hard to beat.”

Debunking 4 Myths about Buying a Home

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recent study by the Joint Center for Housing Studies at Harvard University revealed when renters were asked why they do no plan to own in the future, financial constraints were a more common response than the perceived lifestyle benefits they may receive from renting. Today, we want to go over those financial challenges and see if we can put some fears to rest and also clear up some misconceptions. Here are the top four financial hurdles that cause renters not to buy: 

1. You Cannot Afford a Home

Well over 50% of renters consider this as a financial barrier to homeownership. However, study after study has shown us that there are major misunderstandings about what is required to purchase a home. The biggest misconception is the amount of a down payment required. A recent survey revealed that 44% of respondents believed that a 20% down payment was required. In actuality, mortgages are available with as little as 5% down (and even 3% in certain situations). The same survey showed that 30% of respondents believe that only individuals with ‘high incomes’ can obtain a mortgage. In actuality, there are several programs intentionally created to help moderate income families buy a home of their own (look at the FHA program for example).

2. You Do Not Have Good Enough Credit to Get a Mortgage

The survey mentioned above showed that 64% of respondents believe they must have a “very good” credit score to buy a home. Most people don’t realize that the average credit score for closed loans has actuallydropped 24 points in the last two years. For more information on credit scores click here.

3. It’s Not a Good Time to Buy a Home

Determining when is the right time to buy a home from a pure financial calculation can be difficult. There are two elements of the cost of a home: the price of the house and the mortgage interest rate. When considering a purchase, you want to have at least an indication where prices and mortgage rates are headed. According to over 100 experts, house values are expected to increase by almost 20% between now and 2018. And Freddie Mac recently projected that mortgage rates would be as much as one full point higher by this time next year. With both prices and interest rates projected to increase, now is the perfect time to buy a home.

4. It’s Cheaper to Rent than Buy

This is a myth that doesn’t want to die. However, Trulia recently reported that, in fact, buying is actually dramatically cheaper than renting. Here is what they said:

“Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. In fact, buying is 38% cheaper than renting now, compared with 35% cheaper than renting one year ago.”

Bottom Line

If you are even thinking about buying, get the facts from a trained professional. You may be pleasantly surprised by what you find out.

Billionaire Says Real Estate is Best Investment Possible

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:

“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.”

Who is John Paulson?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson? According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.”

 

The best investment you can make is to buy a primary residence that you’re the owner-occupier of…