Well, it's out. The annual "Cost vs. Value" report for 2007. It shows how much common remodeling projects cost, and how much they increase the value of a home. Results are divided by region, with some particularly common projects broken down by metro area. Guess what? In the Mountain Region, not a single remodeling project recouped its cost. In other words, remodel if you want to live in it and enjoy it. But don't remodel to make ... Read More

Yup, it happened AGAIN last night. Seriously, this is NOT the sign of a bad market. Yet another buyer put an offer in on a property only to have another offer appear the same night. We'll see who gets it. But regardless, it tells me that there are more than a few buyers out there. After all, not only is this a slow market, but this is supposed to be a slow time of year. And ... Read More

Everybody wants to buy a foreclosure. After all, a foreclosure is such a great deal. You can get a house for pennies on the dollar, right? Well, maybe not quite. Foreclosure properties in the Metro Denver area tend to sell for 5% to 10% less than their non-foreclosed neighbors. That's still a pretty good deal. (10% of a $200,000 property is $20,000 -- not exactly chump change!) But it's not the half price bargain that some people have come to ... Read More