Price Reduced on Golden Listing

Kristi Brunel’s listing at 461 White Ash Drive is now listed at $795,000. It is a four-bedroom, 3½-bath 2-story home with finished walk-out basement and mountain views from every window.  Take a narrated video tour at MountainRidgeHome.com, then call Kristi at 303-525-2520 to see it.

Just Listed: 1867 Home and Lot in Downtown Golden

This house and lot on Jackson Street between 14th and 15th Streets in downtown Golden represents a terrific development opportunity, whether you improve or scrape the 2-story, 1,940-square-foot historic building on the corner (barely visible through the trees in this aerial photograph).  It was just listed for $996,000. There are two lots to this listing, a rectangular lot with the building that is zoned commercial, and a triangular lot behind it and the brown home with solar panels. That brown home is owned by the same individual and will be available for purchase in 2+ years. The vacant land has a wind turbine and an electric vehicle charging station on it. This property has a storied history in the development of renewable energy and would make a great national renewable energy sustainability plaza. However, that is not a requirement for the buyer. What is required is to maintain access via easement through the vacant lot to the garage and carport of the adjoining brown home. View a narrated video tour and drone footage at www.HistoricGoldenHome.com, then call 303-525-1851 for a showing.

With His Veto of HB-1212, Gov. Polis Ended the Licensing of HOA Managers

Governor Polis surprised everyone with his May 31st veto of House Bill 1212, which would have extended the  licensing of Community Association Managers (CAMs).

CAM licensing began in 2015 but was subject to renewal in 2018, under its “sunset” provision. Accordingly, the Colorado Department of Regulatory Agencies (DORA) conducted a sunset review recommending renewal of CAM licensing. The Democratically controlled House of Representatives passed a 2018 bill renewing CAM licensing, but the Republican controlled Senate killed it, thereby requiring DORA to enter into a  year-long wind-down of the program, with July 1, 2019, as the total ending of CAM licensing.

With the Democrats taking control of both houses of the General Assembly and the governorship this year, observers expected that a bill continuing CAM licensing would be passed by both houses (which it was) and signed by the Governor in time to save the program — but it wasn’t. As a result, when July 1 arrived this month, all CAM licensing ended more abruptly than was anticipated at the end of the legislative session. Gov. Polis’ signature on HB 1212 would have prevented that from happening.

HB 1212 had been weakened somewhat due to aggressive lobbying by the Community Association Institute (CAI) whose membership consists primarily of HOA management companies. Efforts by Stan Hrincevich, an outspoken homeowner advocate and president of the Colorado HOA Forum, to include more protections for homeowners were unsuccessful, and that may have been a factor in the Governor’s veto, but Stan (and I) were stunned that the Governor allowed CAM licensing to end, albeit while ordering DORA to gather stakeholder input on the subject in coming months. Sessions for that purpose have been scheduled for Aug. 14 and 29, Sept. 12, and Oct. 8 at DORA’s Denver offices. You can register to attend in person or by webinar. I have registered to attend by webinar.

The now-ended licensing of HOA managers provided a channel for homeowners to file complaints when they felt cheated or mistreated by their HOA or their HOA’s management company — and there were plenty of complaints, which the CAM office at DORA tracked. Without such an office, homeowners have no path other than taking legal action to get redress of their grievances.

Following the passage of the original CAM licensing law in 2015, managers had to pass background checks, get certified, pay a fee, and pass a state exam in order to be licensed. There were also continuing education requirements.

Starting this month, anyone, including a felon straight out of prison, can be hired as a community manager. HOA management will once again be the only profession in Colorado where unlicensed personnel can function in a fiduciary capacity, managing millions of dollars of other people’s money without oversight.

Price Reduced on Lot in Conifer’s Rancho Mirage Subdivision

Carrie Lovingier’s 10.33-acre vacant land listing at 26739 Mirage Drive is now priced at $350,000. You can view still photos and a narrated video tour, including drone footage, online at www.RanchoMirageLand.info.

2-Bedroom Arvada Townhome Just Listed by Chuck Brown

This magnificent townhome at 5242 Union Court #3 in Arvada is located a short walk from the Ward Road G Line light rail station, not far from I-70. It was just listed for $398,000. This home is a stunner and was completely remodeled for the current owner with high-end finishes throughout. The first floor features a great room, large kitchen with bar counter, and a powder room.  The second level features a large living room with custom fireplace surround, skylights, and the master bedroom with a gorgeous tiled bathroom. In the basement you will find a guest bedroom, another living room, laundry room and  3/4 bath. There is an outdoor patio at the front of the unit with brick wall surround and custom metal gate. It has a 1-car attached garage. To view this exceptional townhome and all of its custom upgrades, check out the narrated video tour at www.ArvadaTownhome.info, then call your agent or Chuck Brown at 303-885-7855 for a showing. Chuck will hold it open Saturday, July 13, 11am to 3pm.

Wheat Ridge Patio Home Just Listed by Andrew Lesko

Buyers will find top quality features throughout this lovely   2-bedroom, 2-bath home at 10721 W. 45th Avenue in the Fruitdale Patio Homes subdivision. It was just listed for $398,000. It features tile and wood floors and all neutral colors as well as brick construction, newer (2016) roof, Anderson windows and Pella doors. Additional features include the extra wide, finished 2-car garage with sink and utility closet with newer Goodman gas furnace and Rheem gas water heater. You will love the interior flow of this gorgeous home from the spacious kitchen, living room with gas fireplace and vaulted ceilings and tons of natural light to the bedrooms which overlook the back garden areas. Fruitdale Patio Homes is a small self managed community located close to Prospect Park with miles of trails along Clear Creek. Just a few minutes away is the Wheat Ridge Rec Center, Gold Line light rail, and I-70. Take a video tour at www.WheatRidgeHome.info, then call your agent or Andrew at 720-710-1000 for a private showing. Open house Sat., July 13, 11-3.

Arvada Home Near Apex Center Just Listed by Kristi Brunel

This immaculate 3-bedroom 3-bath, 1667-sq.-ft. home at 7592 Coors Court also has an unfinished basement. It was just listed for $435,000 by Kristi Brunel. The home sits on the largest lot on its cul-de-sac. It features hardwood floors, new paint & texture, remodeled bathrooms, fireplace with new mantle, and newer roof, and carpeting. Other improvements include newer windows throughout (including in the unfinished basement), central air conditioning, a shed/work-shop with electrical power, and Velux sun tunnels installed to bring natural light into a bedroom and a bathroom. All you need to do is move in to enjoy the peace of the Ralston Valley neighborhood.  Relax in your manicured backyard or enjoy puttering in that workshop. The location is excellent — close to the Apex Center, Apex Skate Park, trails, parks, Interstate 70 and shopping! You can see still photos and take a narrated video tour at http://www.ArvadaHome.info, then call your agent or Kristi Brunel at 303-525-2520 to schedule a private showing.

Video Is Finding Its Way Into Buyer Inspection Reports to Illustrate Issues

Video has been a great listing tool at Golden Real Estate for a decade, but it is finding its way into other aspects of real estate, too. For example, we will often shoot a rough-cut video tour of a listing for an out-of-town buyer who has asked us to preview a property for them.

At a closing last Wednesday, the wife of the out-of-state buyer told me that she saw the listing for the first time in person during the final walk-through. The husband had seen it in person, but she said our narrated video tour was enough for her to agree with her husband to submit an offer..

So, yes, narrated videos like ours are a great listing and selling tool.

But last week, a home inspector came to our office seeking our patronage and said he includes videos in his inspection reports.  What a great idea!

I had been so used to getting printed inspection reports (PDFs) that it hadn’t occurred to me that reports could include video.  But an increasingly common delivery method for inspection reports is to have the report “in the cloud” and provide a link to it.  That approach opens up the possibility of having video clips and not just still photos.  I will recommend that inspector to a future buyer, but you can be sure that I also got on the phone and shared that idea with the inspectors I’ve been referring heretofore, some of them for over a decade.

I’ve received inspection reports that were in the cloud before, but none of them contained links to video clips, which could really help to illustrate some of the defects which inspectors uncover.

I hope this idea takes off and becomes a standard in the inspection industry.  Now that every cell phone and every digital camera has video capability, it would require no additional hardware for an inspector to shoot video instead of still photos when a video would do a better job of illustrating the issue or defect being described.

One of the advantages of videos is that they include sound. It’s a great way, for example, to illustrate an overly noisy fan motor or garage door opener or the sound as well as the motion of water under a plastic vapor barrier.

With narration by the inspector, a video can also provide more context to a problem, such as its location.

Have You Used an iBuyer Firm? Tell Us About Your Experience

Perhaps you have heard about this new trend in real estate. Best known for this are Zillow Offers and OpenDoor. 

I’ll be writing about this topic in the near future, and I’d like to hear from readers who have any experience with this new real estate business model.

I already have an example. One of my current sellers (now under contract)  entered into a listing agreement with OpenDoor but had second thoughts about it, got out of the agreement and called me to list their home.

I’d like to have more input before I write about this topic.