PROUD SPONSOR OF THE PIKES PEAK PICKLEBALL ASSOCIATION
Your Pickleball Sponsor and Senior Real Estate Specialist - Roberta Loughman
Buy first and then sell!
How would you like to buy your dream home now, and sell your current home later?
Contact me now and let's see if we can get you pre-approved and get the process started!
A great video showing off the beauty of Colorado. Share with your friends or anyone you know who is considering moving to Colorado.
Pikes Peak Pickleball Association Testimonials
Rich and Martha - May 2021
Roberta, I want to express my appreciation for the excellent job you did in marketing and selling our property. Thanks to your listing, we received more inquiries in the first week, than I had ever received in working with all the previous realtors combined. And they kept coming. I really appreciated your constant communication and follow up with me on every opportunity and detail. Great job! I’ll definitely be recommending you to others.
Elizabeth Vincent - May 2021
Roberta Loughman is my realtor of choice. I find her to be knowledgeable, professional, and always sensitive to the wishes and needs of her clients. In March of this year, a friend, Sam Wood, was obliged to move from his home of 37 years into an assisted living residence necessitating the sale of his long-term home. Health issues impaired his ability to make necessary arrangements for this move and the sale of his residence. With no local family members to assist him, his friends stepped forward. My daughter suggested Roberta, I contacted her, and she met with Sam and me at his home. Her suggestions for improvements to prepare the residence for sale were practical, cost effective, and timely. Further, Roberta suggested contractors required to make these improvements – all of whom were qualified, dependable, and fairly priced. Sam chose Roberta to represent him without hesitation.
The residence was ready to list on schedule and sold within the first 24 hours for full asking price. The closing occurred one month after Sam selected Roberta as his realtor. Throughout this time Roberta was available to keep Sam and I updated on relevant issues, answer questions, and provide timely, helpful, thoughtful advice and assistance to aid Sam in this difficult transition.
Following the closing, Sam turned to Roberta saying, “I knew nothing of this process when we began. Thank you for your knowledge and professional attention to this effort. You have been a true help.
Tristan Bing - Feb 2021
Roberta is a go-getter! She is an amazing agent with the energy of 10 agents combined! Roberta really knows her stuff when it comes to investment properties and great for anyone wanting to find that perfect home. I am a first-time home buyer and she was wonderful with explaining every process and handling any issues that came along the way. If you are looking for an agent, look no further, Roberta is the one.
Don & Jean Houger. - 12/08/2020
We have used Roberta to sell two houses and purchased one. We also plan to use Roberta for future sales. She is thorough, timely and very knowledgable in the the market. She gets things done!
Pikes Peak Pickleball Association
Come join us and others for a fun time playing pickleball and meeting new people. You dont have to know how to play to join and have a great time. We are excited and ready to get out there. Click below to learn more about the Pikes Peak Pickleball Association and even upcoming tournaments.> Click Here For More <
Helpful Articles For Buying, Owning, Maintaining And Selling Your Home
Articles Are Updated Periodically
Contact me to be notified of new articles and information.
Budget-Friendly Fall Porch Decor
View this article about budget-friendly ideas to give your porch a fresh look for Fall. The modern, budget-friendly decor items, furniture and lighting will make your neighbors think you spent way more than you did.>> View Article <<
Top 10 Wildfire Season Preparation Activities
Top 10 Wildfire Season Preparation Activities
According to the Colorado State Forest Service (CSFS), nearly 3 million Colorado residents, more than half of the state, live in wildfire prone areas. Based on recommended fire-mitigation activities from the National Fire Protection Association (NFPA), the CSFS advises homeowners complete the following activities at home while practicing social distancing:
- Rake and remove pine needles and dry leaves 5 feet from the home as well as under decks, porches, sheds and play structures.
- Remove leaves and needles from roofs and gutters.
- Sweep porches and decks clear of any burnable plant material.
- Move firewood piles at least 30 feet from the house, preferably uphill.
- Transfer items under decks or porches to a storage area.
- Cover any exposed eave or attic vents with 1/8-inch metal mesh screening.
- Ensure home address signs are clearly visible from the street.
- Contact the local Office of Emergency Management to register for emergency notifications and encourage your friends, family and neighbors to do the same.
- Confirm at least one alternate path out of your neighborhood other than the one most commonly used and be prepared for potential evacuation requiring the alternative route.
- Create an inventory of valuables in your home including written summaries, photography and video.
Colorado Project Wildfire
Developed by the Colorado Association of REALTORS®, Project Wildfire is designed to help reduce the destruction of land, property, and lives. Working in partnership with other like-minded fire prevention organizations across the state, local REALTOR® associations are bringing education and awareness, as well as access to resources, directly to residents in their local communities. To learn more about Colorado Project Wildfire, click here.
If you are interested in participating on the Taskforce and receiving updates and notices on upcoming meetings and important wildfire mitigation efforts, sign up here.
Buying A Home In Retirement
Buying a house in retirement
Are you planning to downsize, move closer to family, or relocate to your dream retirement destination? While changing homes is typically associated with younger adults, many seniors are making the decision to buy a home in retirement. However, buying at 65 isn’t quite the same as buying at 30. Here are some things you need to consider.
Buying vs. renting in retirement
Are you certain you should buy your next home? Seniors on a tight income benefit from the predictability of renting. You might see small rent increases, but you won't have to worry about an unexpected roof repair destroying your budget. And if you’re selling a mortgage-free home but haven't saved enough for retirement, renting allows you to invest your home equity for retirement cash flow.
But, financially secure seniors often prefer to buy. Not only does homeownership give you stronger ties to the community, but it also lets you decorate and remodel however you want. That's an important benefit for older adults who may need to undertake some aging-in-place remodeling. And as a homeowner, you still have the ability to tap into your home's equity for any expenses.
Mortgage options for seniors
Some seniors prefer to fully pay for their home for peace of mind. As long as you're not tying up all your money in a home, there's nothing wrong with paying cash, and it makes you a more competitive buyer in a seller's market.
However, buying a home debt-free isn't necessary. Buying with a mortgage keeps assets liquid for retirement spending, and you can qualify for a competitive mortgage even in retirement. The Mortgage Reports explains how mortgage approval works when you're no longer working.
It’s a good idea to check with your bank or credit union to see if mortgage insurance is worth the cost of premiums. Like any insurance, it is good to have if you are risk averse and there will be a partner left behind after a death. However, buyers with enough equity to put 20 percent down on a home could do so and avoid paying mortgage insurance.
Selling your home
In order to buy your new home, you need to sell the old one if you’re currently an owner. Before putting your home on the market, make an honest assessment of its condition. Have you kept up with home maintenance and made the energy-efficient improvements that today's buyers have come to expect? Is your home decorated to modern tastes, or has its appearance changed little over the decades?
A little effort makes a big difference in how long your home sits on the market. Homes with lapsed maintenance and outdated features sell more slowly and for less than modern, updated homes. A quick sale is important when you're buying and selling at the same time, so it may be worth investing in a certain amount of home improvements before listing. But do check with a realtor; don’t waste your time and money if it buyers might only want it for the land.
Finding an aging-friendly home
Buying a home for your senior years requires careful searching — the wrong purchase could force you to move again in several years if your mobility changes. If you're shopping for a forever home, search for houses that can take you through every stage of seniorhood. At minimum, a home intended for aging-in-place should allow for complete first-floor living, ideally have a step-free entrance, doorways wide enough for a wheelchair and be located near public transit and community resources.
Buying into a 55-plus community is a good fit for some retirees. These homes are designed for aging in place and frequently provide conveniences like yard care. However, be wary of high association fees. Such dues could push a home that seemed affordable over your budget.
Senior homebuyers face a lot of challenges that younger buyers don't. Not only are there unique financial considerations in retirement, but older adults have to cope with new physical limitations. Make room in your moving budget for professional helpers. In addition to real estate agents and moving companies, older buyers can turn to senior moving services for convenient start-to-finish help during the moving process.
Shopping for houses probably isn't what you imagined you’d be doing in retirement, but for many seniors, buying a new home is the first step toward increased financial freedom. As long as you take the right steps to prepare and shop carefully, retiring to a new home can be a great decision.
10 Best-kept Secrets For Buying A Home
Buying Secret #10: Keep Your Money Where It Is
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt or buy a lot of big-ticket items, you’re going to have a hard time getting a loan.
Buying Secret #9: Get Pre-Approved for Your Home Loan
There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage. Anybody can get pre-qualified for a loan. Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can't afford. It also gives you the opportunity to shop around for the best deal and the best interest rates. Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan.
Buying Secret #8: Avoid a Border Dispute
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.
Buying Secret # 7: Don’t Try to Time the Market
Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.
Buying Secret # 6: Bigger Isn’t Always Better
Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Your home is only going to go up in value as much as the other houses around you. If you pay $500,000 for a home and your neighbors pay $250,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.
Buying Secret #5: Avoid Sleeper Costs
The difference between renting and homeownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and potential property-tax increases. Make sure you budget for sleeper costs so you’ll be covered and won’t risk losing your house.
Buying Secret #4: You’re Buying a House – Not Dating It
Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.
Buying Secret #3: Give Your House a Physical
Would you buy a car without checking under the hood? Of course you wouldn’t. Hire a home inspector. It’ll cost about $200 but could end up saving you thousands. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It’s better to spend the money up front on an inspector than to find out later you have to spend a fortune.
Buying Secret #2: The Secret Science of Bidding
Your opening bid should be based on two things: what you can afford (because you don’t want to outbid yourself), and what you really believe the property is worth. Make your opening bid something that’s fair and reasonable and isn’t going to totally offend the seller. A lot of people think they should go lower the first time they make a bid. It all depends on what the market is doing at the time. You need to look at what other homes have gone for in that neighborhood and you want to get an average price per square foot. Sizing up a house on a price-per-square-foot basis is a great equalizer. Also, see if the neighbors have plans to put up a new addition or a basketball court or tennis court, something that might detract from the property’s value down the road.
Today, so many sellers are behind in their property taxes and if you have that valuable information it gives you a great card to negotiate a good deal. To find out, go to the county clerk’s office.
Sellers respect a bid that is an oddball number and are more likely to take it more seriously. A nice round number sounds like every other bid out there. When you get more specific the sellers will think you've given the offer careful thought.
Buying Secret #1: Stalk the Neighborhood
Before you buy, get the lay of the land – drop by morning noon and night. Many homebuyers have become completely distraught because they thought they found the perfect home, only to find out the neighborhood wasn’t for them. Drive by the house at all hours of the day to see what’s happening in the neighborhood. Do your regular commute from the house to make sure it is something you can deal with on a daily basis. Find out how far it is to the nearest grocery store and other services. Even if you don’t have kids, research the schools because it affects the value of your home in a very big way. If you buy a house in a good school district versus bad school district even in the same town, the value can be affected as much as 20 percent.