The Buzz at The Bartic Group

Check out our blog below to catch up on recent developments in Colorado's real estate world and other interesting news.

May 16, 2017

Fannie Mae Eases Student Debt Policy

Great news for homebuyers and homeowners that have student loan debt! 

Fannie Mae has announced new policies to help borrowers with student debt qualify for a home purchase or refinance loan. 

The new rules provide three flexible solutions to current and future homeowners, while allowing lenders to serve more borrowers. The solutions include: 

  • Student Loan Cash-Out Refinance: Offers homeowners the opportunity to pay off high interest rate student loan debt while potentially refinancing to a lower home loan rate. 
  • Debt Paid by Others: Excludes non-mortgage debt (such as credit cards, auto loans and student loans) paid by someone else from the borrower's debt-to-income ratio, expanding borrower eligibility to qualify for a home loan.
  • Student Debt Repayment Calculation: Allows lenders to accept student loan payment information on credit reports, increasing the likelihood that borrowers with student debt could qualify for a loan. 

The bottom line is that if you currently carry student loan debt, buying a home or refinancing has just gotten easier! 

Call me today at (303) 898-5244 for more information! 

Posted in Featured news
April 14, 2017

Preparing for a Home Sale or Purchase

Essential Checklists for Home Buying and Selling!

Spring has sprung, which means the housing market is in full bloom. Each year, roughly 40 percent of real estate transactions occur between the months of May and August. if you're feeling inspired to buy or sell a home soon, make sure you're prepared. Use these checklists to catch anything you may have missed. 

When You're Ready to Buy a Home 

Purchasing a house is one of the biggest transactions you'll ever make. Whether it's your first time or the fifth, tackle the following prep work: 

  • Calculate what you can afford. Use a home affordability calculator to make sure you're ready for the mortgage payments. 
  • Check your credit score, and fix any inaccuracies you discover ASAP. Errors can impact your ability to get a good interest rate. 
  • Save up for a down payment. Most lenders require 5 to 20 percent, and larger down payments can lower the amount you pay each month. 
  • Be ready for additional closing costs. Plan to have approximately 4 percent of the home's purchase price on hand to cover taxes, fees and other necessary charges. 
  • Re-evaluate your insurance coverage and update all of your policies, including life and car insurance. 

When it's Time to Sell

Putting your home on the market is a process that can take months. Before you do, complete this home seller to-do list: 

  • Declutter, clean and get your home ready to show. You only have one chance to make a first impression. 
  • Take inventory of what needs to be fixed and make a schedule to complete any updates, such as roof work, new paint or landscaping. 
  • Decide on an appropriate selling price. Pulling comps in your area can give you a better idea of your home's value. 

If you would like additional information about preparing for a home sale or purchase, please give me a call at (303) 898-5244. 

Posted in Featured news
April 13, 2017

Testimonial from Chuck

Brendan and The Bartic Team were excellent in advising, listing and closing my tiny condo bringing me two over asking offers and one significantly all cash offer in just hours. They were spectacular with excellent updates, market information and flawless closing. I am thrilled to have found such a warm friendly group of true professionals and highly recommend them to anyone buying or selling a property. Thanks for a wonderful experience and job well done!

- Chuck - 

Posted in Testimonials
April 13, 2017

Testimonial from Chris and Whitney

 

Brendan and The Bartic Group is a great real estate team. Brendan was always in town and reachable, we were never passed off to a "team-mate" agent to help us with the selling of our home.  At each step Brendan provided honest, reliable answers.  Brendan did so much of the leg-work; making it so easy for us to prep our home for sale!  Once under contract The Bartic Group helped us through the next steps.  Brendan was amazing and kept us informed of each step and set up the inspection resolution items so wonderfully, making our lives so much easier!  Any questions we had were quickly and accurately answered. The Bartic Group made sure everything was in place for a smooth slide to the finish line.  Should the need arise we will absolutely be using Brendan and his team again.  We definitely recommend Brendan and The Bartic Group!

- Chris and Whitney - 

Posted in Testimonials
April 5, 2017

Beaux Arts Cheesman Park mansion listed for $5.75M

A Jacques Benedict designed home, built in the Beaux Arts tradition, which sits on a stunning half-acre lot bordering the Denver Botanic Gardens was just listed for $5,750,000! 

Jacques Benedict is the architect behind the boathouse at Washington Park and Littleton's town hall. Benedict's Paris education in the Beaux Arts architectural style comes out in the home's design, including detailed ceilings and arched windows and entryways. 

Walking up the home's circular staircase, visitors enter the master suite, which features a bathtub surrounded by Mediterranean-style blue tile, dressing room and sitting area. Down the hall are three additional bedrooms, as well as a family room and three studies. 

The outside grounds include a patio, fruit orchard, porch and barbecue. The property is two blocks from Cheesman park, with the Denver Botanic Gardens bordering to the north and east! 

This once-in-a-lifetime home is too gorgeous not to share! 

Click here for additional pictures and information.

March 29, 2017

The Ramble Hotel

The Ramble Hotel is a new independent hotel that is coming to the corner of 25th and Larimer in Denver's River North district. The hotel will be among the first to open in the RiNo neighborhood, which is known for its blend of urban grit and industrial revival. RiNo's historic warehouses and factories now house jazz bars, restaurants, brewpubs, art galleries and working studios.

 Aerial Photograph of Development

Ramble Hotel is developed by Gravitas Development Group, which will feature 50 rooms in a three-story building designed by Jonson Nathan Strohe that recalls a 20th century industrial style with intricate metal and brick detailing. 

TheRambleHotel.com

The ground floor lobby will have 20-foot ceilings and include a marquee cocktail bar, Death & Company Denver, which will also operate a reservations-only bar on the mezzanine level. Death & Company originally opened in Manhattan's East Village in 2006 and won Best American Cocktail Bar and World's Best Cocktail Menu at Tales of the Cocktail Spirited awards.

Rendering of Death & Co. in the Ramble Hotel

Other hotel amenities include an intimate theater, an independent restaurant, a small retail outlet, flexible meeting space, and an outdoor courtyard.

Right across 25th Street from the hotel is another Gravitas development, a mixed-use retail and office project made out of 29 reclaimed shipping containers. 25th and Larimer is home to some top destinations, such as: Work & Class, Cart Driver, Huckleberry Roasters, and Topo Designs. 

Gravitas Development is taking over RiNo and bringing even more business to the area. Ramble Hotel is expected to be finished in late 2017! 

Feb. 9, 2017

Upscale Boulder Condo For Sale at $350,000!

1033 B Laramie Blvd, Boulder, CO 80304

1033 B Laramie Blvd



This easily accessible first floor condo in Dakota Ridge features modern updates including new cellular shades throughout, and LED lighting in the entryway, dining room, and kitchen.

View more details about 1033 B Laramie Blvd Here!

The stunning stone tile entry wall installed by a custom stone mason with heavy duty coat racks will be sure to impress. The utility room was cleverly converted into a pantry with shelving for extra storage! With new carpet, a reserved carport space, and your own private high-end Asko Washer and Dryer, this condo has it all!

View Photos in our Virtual Tour by Clicking Here!

Enjoy the immediate access to all the beauty and adventure the Boulder foothills have to offer. Miles of hiking and biking trails await you right outside your door! Walking distance to Uptown Broadway shops, restaurants, and the SKIP bus line, Dakota Ridge is one of the most coveted neighborhoods in Boulder. Located West of Broadway on over 60 acres of open space, you will love this upscale community!

Residents enjoy a FREE EcoPass and a new clubhouse and community pool are coming soon! Surprisingly low HOA fees of only $167/mo!! This condo is a dream and won't last long!

Join us for our Open Houses this Saturday from 11am-2pm and Sunday from 12-3pm or call us for a private showing at (720) 208-7200!

Posted in Featured news
Feb. 7, 2017

Not Your Average Valentine's Day Plans


Look no further for Valentine’s Day Ideas that are sure to impress. Go above and beyond this Valentine’s Day with our guide that is certain to blow you away.   

Classic Romance

Cooking with Cupid at Cook Street School of Culinary Arts

Location: 1937 Market Street, Denver

When: February 9 from 6 to 9:30

Website: Cookstreet.com

Spice up your love life with an evening at the Cook Street School of Culinary Arts that’s guaranteed to stir up more than just delicious dishes! Take date night to new heights by joining the Cooking with Cupid class. This class includes a bottle of bubbly along with your delicious meal.

Downtown Horse & Carriage Ride

Location: 16th Street Mall

Website: Denver.org

Take a quintessential romantic ride through downtown Denver. Snuggle under a blanket while you get a tour of Denver by a Cinderella carriage drawn by draft horses.

Out and about this weekend?

Orchid Showcase at Denver Botanic Gardens

Location: 1007 York Street, Denver

When: Through Feb. 20, 2017

Website: Botanicgardens.org

Stroll through the annual Orchid Showcase to view hundreds of exotic blooms that are part of the gardens’ living collection

Valentine’s Day 5K

Location: Washington Park, 1000 S Downing St, Denver

When: February 12 at 10am

Website: Rundenverseries.com

Price: $35/adult

Looking for something active to do? Run your heart out at Denver’s Valentine’s Day 5K and Kids Fun Run. Meet Cupid and enjoy running with your sweetheart or finding one. Participants are encouraged to come dressed up as their favorite couple from a movie, book, or TV – or dressed ready for a fancy date night!

Enjoy a staycation with your Valentine

Luxury & Love Package at JW Marriott Denver Cherry Creek

Location: 150 Clayton Lane, Denver

Website: Jwmarriottdenver.com

Price: $269/night

Every consider a romantic staycation? The Valentine’s Day Luxury & Love package at JW Marriott includes a deluxe guest room overnight, one complimentary appetizer at Second Home Kitchen + Bar, evening turndown service with a bottle of sparkling rose champagne and a  box of White Chocolate Champagne and Dark Chocolate Cherry Vanilla bonbons from Victoria’s Chocolates. Sleep in with complimentary late check-out at 1 p.m.

Ultimate Valentine’s Day Package at The Crawford Hotel

Location: 1701 Wynkoop St, Denver

Website: Thecrawfordhotel.com

Price: $349/night

Another staycation option to get away from the kids or the house work is a night at The Crawford Hotel. Turn up the romance with an exclusive package that includes an overnight stay with a bottle of bubbly, flowers and truffles. Enjoy a night downtown to celebrate Valentine’s Day.

Single and Ready to Mingle

Singles Day Soiree at NATIV Hotel Denver

Location: 1612 Wazee Street, Denver

Website: Eventbrite.com

Price: $5- $10

Being Single over Valentine’s Day just got a bit easier and way more fun! Singles Day Soiree is the place for singles to be on February 14 for an evening filled with dinner, drinks, free shots from a custom ice luge, free champagne for ladies from 9 to 10pm. The party will be hosted by Colorado’s favorite “The Bachelorette” castoff Chase McNary.

Valentine’s Day Pub Crawl

Location: Meet at Jackson’s Denver, 1520 20th Street, Denver

Price: $10/person if registered before February 11th; $20/person at door

When: February 11th with check-in from 4-6pm

Get dressed up and ready for Valentine’s Day with a Day Pub Crawl starting at Jackson’s Denver. At each venue there are gift gifeaways, Drink specials, glow sticks, and a chance to win free stuff. Wear green if you’re single and ready to mingle – or wear red if you’ve got a boo with you. 

Looking to mix things up a bit?

Play BINGO at Grandma’s House

Location: 1710 S Broadway, Denver

Website: Grandmasbeer.co

On Valentine’s Day from 7-10pm, hang in rocking chairs and play bingo at Grandma’s House (not literally, we mean the bar). Grandma’s House is a collective brewery in Denver. Show up thirsty, order a Colorado craft beer and get ready for a game of romantic bingo.

Valentine’s Day Party with Black Belt Salsa

Location: Highlands Masonic Events Center, 3550 Federal Blvd, Denver

Website: Thisissalsa.com

Price: $10 for first-timers

Get your blood flowing and evergy up as you salsa dance the night away. Black Belt Salsa’s annual Valentine’s Day Party is at 9pm, but there is a salsa class right before at 7:30pm. All you have to do is wear red and bring a dessert to enjoy and share with others.

Say goodbye to boring date nights - pay someone to plan a romantic night for you!

Denver Date Nite

Location: Online or over the phone consultation

Website: Denverdn.com

Email: Gretchen@DenverDN.com

Not the creative type? Denver Date Nite is a planning service that helps create a date night for you. They do all of the planning, booking and details – All you have to do is show up and pay! For Valentine’s Day, they’re offering a special deal for $50 that will plan a custom date for just the two of you. The package includes an evening of romance, a detailed itinerary and booking all necessary reservations for you. Just give them a 72-hour notice and they will plan the rest.

Posted in Bartic Group Buzz
Jan. 16, 2017

Housing Market Predictions for 2017

Colorado Market Insight 2017

According to the Denver Post, Colorado is looking at a market very similar to 2016. The inventory of Single Family Homes and Condos are failing to keep pace with gains in population and employment. Rental Rates are stable and may start to fall, leaving more tenants comfortable with not making a move. Zillow predicts metro Denver will rank as the country’s ninth hottest real estate market this year, with home prices rising 3.6 percent. That is down from a 9.7 percent increase last year that made the city the country’s hottest housing market.

According to Zillow, Colorado home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in Colorado is $199. The median price of homes currently listed in Colorado is $365,000. The median rent price in Colorado is $1,695.

Home Prices Will Rise, But Not as Fast

The general consensus is that the U.S. housing market will be strong in 2017, although with slowing momentum compared to last year. Zillow expects home prices to rise by around 3.6 percent in 2017.

As of last November, Zillow and CoreLogic were reporting 6.5 percent and 7.1 percent year-to-year increases in home prices for 2016, respectively.

Interest Rates Will Go Up

Even though the Federal Reserve raised the federal funds rate by .25 percent in December, the average 30-year mortgage rate is still just slightly over 4 percent, which is extremely low by historic standards. Kiplinger expects the 30-year mortgage rate to reach around 4.6 percent by the end of 2017.

A rate increase of .50 percent means a borrower pays around $30 more per month in principal and interest for every $100,000 of loan amount. 

Getting a Mortgage will be Easier

Mortgage loans should become easier to obtain in 2017 due to some lenders using less stringent qualification guidelines. Originations for home purchases are expected to increase by around 10 percent in 2017, according to the Mortgage Bankers Association.

First- Time-Buyer Homes May Be Harder to Find

More millennial home buyers are expected to shop for a first home in 2017, but they may find a shortage of entry-level housing. Trulia reported that the number of first-time-buyer homes for sale dropped 12.1 percent in 2016, compared to a 9.1 percent decrease for all residential inventory combined. 

The good news is that they will probably have fewer cash buyers to compete against. The share of cash buyers dropped to below 30 percent in 2016 for the first time since 2007, according to CoreLogic, and could be on its way to a more traditional 25 percent.

Rental Rates Will Rise, But at a Slower Pace

Zillow expects rents to rise by around 1.5 percent nationwide in 2017, and in general to carry less steam compared to 2016. Some top-tier markets such as Miami, FL and San Jose, CA have actually seen rental rates drop in the last few months. Experts attribute the change to increased multi-family rental supply, along with the new but growing trend of "co-living" that has taken away some heft on the demand side.

Market Information

For a more detailed Market Analysis in your area give me a call today. I will help you make the right choice about whether to sell your home, purchase a home, or continue to rent. Give me a call at 303-898-5244.

Jan. 9, 2017

Ways to be fulfilled and keep stress at bay

We know how difficult it is to have a perfect balance between work and life. To live a more fulfilled life consider putting these techniques in motion to help manage the stress that comes with juggling work and life:

  • Learn to say no.
  • Slow down, walk slower, speak slower. Put the brakes on. 
  • Get enough sleep. 
  • Don't go to bed in a state of emotional turmoil. 
  • Offer to help. It's hard to worry about yourself when you're serving others. 
  • Do mundane and difficult tasks first. 
  • Do one thing at a time. 
  • Laugh and have fun.
  • Give thanks daily. Have a thankful heart and, please, stop complaining. 
  • Engage in some physical activity. 
  • Choose your friends wisely. Three will do. 
  • Do not procrastinate. 
  • Stop comparing your bank account to the Joneses. 
  • Always do what is right. No lying, no excuses. That's integrity. 
  • When a problem arises, talk through it immediately. 
  • Commit to start meetings on time. 
  • Commit to end meetings on time. 
  • Listen to other people without a need for rebuttal or to win your point. 
  • Be willing to compromise. You don't always have to have your way. 
  • Don't play the blame game. Take responsibility for your own actions. 
  • Don't let your reactions to stressors be worse than the stress itself. 
  • Get rid of the clutter on your desk. 
  • Get rid of the clutter in your mind. 
  • Get rid of performance reviews. Talk to employees about goals year-round. 
  • Turn off your phone after 9pm.
  • Stop accumulating material possessions. 
  • Remember that some things are beyond your control. So stop obsessing. 
  • Yelling does not help to understand what your problem is. 
  • Find a way to release your emotions. Don't internalize. 
  • Look for ways in which you can demonstrate kindness. 

 

Posted in Bartic Group Buzz