Learn about Good Business Colorado

Dear friends,

As you may already know, Golden Real Estate is a founding member of Good Business Colorado, and we’re holding an event called the GBC Summer Happy Hour next Friday.

Come and enjoy happy hour with me and other founding members of Good Business Colorado on Friday, August 24th, 4:00 to 6:30 p.m., hosted by Illegal Pete’s at 270 S. South Broadway (northeast corner of Alameda & Broadway). Meet current members, along with other responsible business owners from around the metro area, and hear more about this exciting new business group. Chips and salsa will be provided for snacks!

You can also learn more about GBC (and why I love its mission) at www.GoodBusinessColorado.org.

Can you join me? Click here for details and to RSVP: https://actionnetwork.org/events/gbc-summer-happy-hour-2?source=email&

 

Thieves caught on camera taking Golden Real Estate’s snowblower

Just after sunset on April 10th, two men drove directly to the back of our building, loaded our Sears 2-stage snowblower into the back of their Nissan 4×4 Crew Cab and drove off — all in 90 seconds. Please watch the video, then call Golden police officer Travis Novak at 303-384-8041 if you recognize them.

 

Should the MLS Include a Condition Rating for Each Listing? Here’s How It Might Work

Real_Estate_Today_bylineDenver appraiser Fred Rossiter had this as the topic of his most recent blog post, and he makes a compelling argument that providing a rating condition on MLS listings is not only a good idea but easy to implement in a fair and reasonably consistent manner.

As Fred states in his first paragraph, which you can read at www.FredRossiter.com, condition “is neither asked nor is there a field provided for an answer.  Condition is a glaring omission on our MLS input forms.  It’s time for a change!”  I agree.

You may think that a listing’s condition is too subjective to quantify, but he points out that Fannie Mae has created a “Property Condition Rating” system that all appraisers must follow and which could easily be adopted by REcolorado, Denver’s MLS.

Here are the 6 ratings which appraisers can assign to homes, along with guidance for selecting each rating:

C1—The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are new and the dwelling features no physical depreciation.

C2—The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated and are similar in condition to new construction.

C3—The improvements are well-maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been well-maintained.

C4—The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate.

C5—The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability are somewhat diminished due to condition, but the dwelling remains useable and functional as a residence.

C6—The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components.

For each of the above ratings, Fannie Mae provides “notes” giving additional guidance about selecting each rating level, which makes it easy even for a non-appraiser such as a listing agent to assign the right condition rating to a listing.

The only field currently in our MLS that relates to condition is the term “fix-up,” but that’s an undefined term, not required, and some sellers tell their listing agent they don’t want that term used.

I like this rating idea a lot.

 

The Golden Fine Arts Festival Is This Weekend, Featuring 134 Artists in Nine Categories

OLYMPUS DIGITAL CAMERAGolden has become a destination not only for tourists, but also for relocating families. Among the many reasons for this are its small “college town” atmosphere, its location at the base of the Rocky Mountains, and its varied and exciting arts scene.

Golden boasts several museums: from the Colorado Railroad Museum, Dinosaur Ridge, and Buffalo Bill’s Grave and Museum on the outskirts of town, to the Golden History Museum, the Rocky Mountain Quilt Museum, the Colorado School of Mines Geology Museum, the Bradford-Washburn Mountaineering Museum, and the Foothills Art Center, all located within the city limits.

In the performing arts, Golden is home to the critically acclaimed Miners Alley Playhouse (current play is “Lend Me a Tenor”) and the Jefferson Symphony Orchestra, which has a free Pops Concert this Sunday at 6:30 p.m. in downtown Golden’s Parfet Park.

GFAF logoOne of the city’s signature events, the Golden Fine Arts Festival, happens this Saturday and Sunday. Presented every August by the Golden Chamber of Commerce, 2018 marks the festival’s 28th year.  Golden Real Estate is proud to be a secondary sponsor of this always-popular event that, like so many other things, has improved with age.  As great as it’s always been, it just seems to get better every year.  Situated along Clear Creek, the festival fills 11th Street with a diverse mixture of exhibits and artists from around the country.

The festival is a “juried” event. Artists, having been judged for acceptance into the Golden Fine Arts Festival, will now be judged during the show this Saturday. Award ribbons will be presented late Saturday afternoon for display at the winners’ booths on Sunday. Rita and I have several pieces in our home that we purchased at previous festivals.

As shown on its web page, www.GoldenFineArtsFestival.org, there will be nine categories of artists exhibiting: 2D, Ceramics, Fiber Arts, Glass, Mixed Media, Jewelry, Sculpture, Painting, and Photography.  Prizes are awarded in each category.

A VIP reception Friday evening provides an opportunity to meet many of the artists from the festival. Enjoy appetizers, craft beer, wine and socializing. Register no later than today (Thursday) at www.GoldenChamber. org.

The festival itself is open (and free to the public) on Saturday and Sunday from 10 a.m. to 5 p.m. on 11th Street west of Washington Avenue.

In addition to the artists’ tents, the Festival offers a variety of food vendors, wines, craft beers, and live bands.  Here is the band lineup:

Saturday, 10:00 am – 1:00 pm | The Johnny O. Band, and 2:00 – 6:00 pm | Dotsero

Sunday, 10:00 am – 1:00 pm | Sweet Spot Trio, and 2:00 – 5:00 pm | Funk it Up

 

Come Learn Whether Rent-to-Own Is Right for You

We realize that not everyone who’d like to buy a home can do so. Yet, the selection of good rental homes is quite poor. Our rent-with-right-to-purchase program may be the perfect solution. Come to our office at 17695 S. Golden Rd. next Tues., Aug. 21, 5-7 pm to learn about this exclusive program that lets you rent a home for up to 5 years for pre-determined rentals with the right to purchase anytime at pre-determined prices. Call me at 303-525-1851 for details and to register for this informative session.  Refreshments will be served.

 

Paradise Hills Ranch Just Listed by Chuck Brown

Back of houseLooking for an opportunity to purchase a large home in the foothills to make your own? This single-owner custom ranch-style home with walkout basement is at 266 Lamb Lane in the Paradise Hills subdivision near Genesee and is ready for its second owner. The home, which is less than one mile from I-70, features 4,313 finished square feet, with 4 bedrooms, 4 bathrooms, 3 fireplaces, 3 living rooms, an outdoor swimming pool, dramatic views from every room, and 1965 vintage architecture that is sure to impress. The home is largely original and needs some updating, but it is also fully functional and could be lived in immediately as is. Major improvements include a new roof (in 2017) and 2 new boilers (in 2008). There is too much to mention in this space, so be sure to view the video tour at www.FoothillsHome.info. Open house is Sat., Aug. 18th, 11 am to 2 pm.  Or call Chuck Brown at 303-885-7855.  Listed at $695,000

 

Ranch Home in Arvada Just Listed by Debbi Hysmith

6243 W 62nd AveWelcome home to this 4-bed, 3-bath (2,854-sq.ft.) artfully crafted ranch on 0.21 acres. This cute ranch at 6243 W. 62nd Ave. couples character and functional outdoor living with RV parking, original 1960’s wood floors under carpet on the main level, a gorgeous wood-burning fireplace, main level master suite with bath, two additional  main-level bedrooms, and all bathrooms remodeled!  All new windows, doors & hardware throughout — newer Trex deck overlooks an ample backyard with a workshop, while adding protection to the lower basement walk-out patio.  Large finished basement offers guest bedroom, large laundry room, and bar for entertaining.  Tranquil setting near Arvada downtown, close to miles of trails and parks!  Crisp and clean throughout – you will not be disappointed!  See the narrated video tour at www.ArvadaRanch.infoOpen this Friday 6-8 pm, and on Sunday, 1-3 pm.  Listed at $433,000.