Real Estate Blog - Real Estate Blog

Keller Williams Faces New Class-Action Lawsuit Over Profit-Sharing Program Changes

April 29, 2024

Keller Williams Faces New Class-Action Lawsuit Over Profit-Sharing Program Changes Keller Williams, one of the largest national real estate brokerage, has been named in yet another class-action lawsuit because of recent changes made to its profit-sharing program. The lawsuit, that was filed on Thursday, joins a series of legal challenges the company has faced over alterations to its compensation policies to it's agents. What's This Lawsuit All about? The lawsuit was initiated by Louis Ronayne and Deborah Ronayne in the U.S. District Court for the Eastern District of Michigan, they are seeking class-action status against Keller Williams. Louis Ronayne had a long career as an agent at Keller Williams, he started as an agent in July 2000 and later becoming a team leader and regional... Read more

DORA – Colorado Real Estate Commission Possession on NAR Commission Settlement

April 16, 2024 (updated April 26, 2024)

This is the actual letter statement sent out to all Colorado real estate agents Director’s Corner Commission Settlements and Colorado Licensees The Division has received a lot of inquiries about the proposed settlementagreement between the National Association of Realtors (“NAR”) and plaintiffsRhonda Burnett, Jerod Breit, Jeremy Keel, Hollee Ellis, Francis Harvey, ChristopherMoehrl, Michael Cole, Steve Darnell, Jack Ramey, Daniel Umpa, Jane Ruh, DonGibson, Lauren Criss, and John Meiners, and the impacts that the proposed agreementwill have on broker compensation in Colorado. If you have not read the proposedagreement or are unfamiliar with the proposed terms, you can review a copy here. As an initial matter, it is important to note that the settlement terms are onlyapplicable to members of NAR and the Realtor MLSs. Colorado... Read more

Buffalo Creek Colorado – Denver Foothills Town

April 16, 2024 (updated April 26, 2024)

Buffalo Creek, Colorado: The Best Denver Mountain Buffalo creek is just west of Pine Junction. It is a very peaceful Denver Mountain town. Most properties (especially a little further west) are larger parcels of around 10 acres give or take. Buffalo Creek, Colorado is a great little, unincorporated community nestled in Jefferson County. Known for its mountain man history and tons of outdoor activities, this area offers a unique blend of relaxation and adventure. Whether you're considering a move to Buffalo Creek or simply looking for a new place to explore, here's a detailed look at what makes Buffalo Creek stand out. An Overview of Buffalo Creek in Sunny Colorado Located in the Front Range (Denver Foothills) of the Rocky Mountains, Buffalo Creek provides an... Read more

What is a Stale Real Estate Listing and What Does it Mean

April 8, 2024 (updated April 17, 2024)

Impact of a "Stale" Real Estate Listing How long does it take for a listing to be considered stale? That all depends. The timeframe varies by market conditions and property type, but generally, a listing may be considered stale if it hasn't sold within a few weeks to a few months, significantly longer than the average for comparable properties in the area. One of the biggest problems, especially after coming off a hot sellers market, is a stale listing. It is frustrating for sellers and agents. The reason a listing becomes stale is almost always price. Remember price overcomes all objections. If you start your listing out too high (I mean way too high) you are almost certain to create a stale listing. In real... Read more

Real Estate Market Update – What is Really Going on in the Market?

April 6, 2024 (updated April 26, 2024)

Real Estate Market Update - What is Really Going on in the Market? There is no doubt things are crazy out in the world of real estate. Not only are buyers needing to deal with 7% interest rates, low inventory, stubbornly high home prices and possibly needing to pay their own agent or go with no representation. It truly sucks to be a buyer...and it isn't getting better. Interest Rates are Still Higher Than Buyers Remember Interest rates in the last 50 years have averaged in the mid 7's. We are not actually "high". We are average. Just higher than most people remember. Although I recall my parents having a 17% interest rate in the 70s. As you can see by the chart we are... Read more

Top 10 Remodel Ideas for the Best ROI

April 5, 2024 (updated April 5, 2024)

Remodeling projects can significantly increase the value of a property, but not all renovations offer the same return on investment (ROI). For homeowners and real estate investors looking to maximize their ROI, certain projects tend to yield better financial returns than others. Here are the top 10 remodel ideas that generally offer the best ROI, tailored for those in the real estate market: 1. Minor Kitchen Remodel A minor kitchen remodel can offer a significant return by updating rather than entirely replacing the existing components. Consider refacing cabinets, upgrading appliances to more energy-efficient models, replacing countertops, and updating lighting fixtures. A fresh, modern look in the kitchen can appeal to buyers without the high cost of a full kitchen overhaul. 2. Bathroom Remodel Updating a... Read more

Evergreen, Colorado: Your Next Denver Mountain Getaway

April 5, 2024 (updated April 5, 2024)

Evergreen, Colorado: Your Next Mountain Getaway Evergreen Colorado Evergreen, Colorado is exactly what you imagine when you think of a cozy mountain town hidden in the Rocky Mountains. It's a place where stunning views meet a cool arts scene and outdoor fun. Let’s dive into why Evergreen should be on your radar, whether you’re looking for a quick getaway or considering a more permanent move. Outdoor Adventures and Natural Beauty The Heart of It All: Evergreen Lake At the center of Evergreen's outdoor life is Evergreen Lake. It's a hotspot for fishing, boating, and just chilling by the water when the weather’s warm. Come winter, this place turns into an ice-skating wonderland, boasting one of the biggest groomed outdoor rinks around. Hit the Trails: Hiking... Read more

Naples Florida 2024 Things to Do In the Spring

April 4, 2024 (updated April 5, 2024)

Visiting Naples, Florida, in April offers a plethora of activities and experiences, catering to a wide array of interests from outdoor adventures and cultural events to leisurely pursuits. This coastal paradise, known for its pristine beaches, stunning sunsets, and vibrant communities, truly comes alive in the spring. Whether you're planning a family vacation, a romantic getaway, or a solo trip, here’s a curated list of things to do in Naples, Florida, in April 2024, designed to ensure a memorable experience. 1. Explore the Naples Botanical Garden April is an excellent time to visit the Naples Botanical Garden, where you can immerse yourself in the vibrant colors and fragrances of tropical and subtropical plants from around the world. The garden spans 170 acres and features themed... Read more

Buying in Naples, Florida: A Comprehensive Guide

April 4, 2024 (updated April 4, 2024)

Buying in Naples, Florida: A Comprehensive Guide Naples, Florida, with its pristine beaches, luxurious lifestyle, and thriving real estate market, is a magnet for those looking to purchase a home. Whether you're seeking a primary residence, a vacation home, or an investment property, understanding the local market and the buying process is crucial. Understanding the Local Market Naples' real estate landscape is diverse, offering everything from beachfront condos to luxurious estate homes. The market tends to be dynamic, with fluctuations influenced by seasonality, economic factors, and inventory levels. As of the latest trends, buyers can expect competitive conditions, with high demand in popular neighborhoods leading to limited inventory and, occasionally, bidding wars. The Buying Process Initial Steps: Start with getting pre-approved for a mortgage, which... Read more

Painesville, Ohio: Real Estate

April 4, 2024 (updated April 4, 2024)

Painesville, Ohio: Real Estate Insights and Opportunities Painesville, Ohio, is a city that exudes a rich historical charm while presenting modern living opportunities. Situated in Lake County, this area has been a focal point for both residential and commercial real estate investors due to its picturesque landscapes, thriving community, and economic growth. In this comprehensive guide, we delve into what makes Painesville a unique place for real estate investment, living, and its future potential in the market. Painesville at a Glance Before exploring the real estate opportunities, it’s crucial to understand the backdrop against which Painesville stands. The city is the county seat of Lake County and boasts a diverse population that contributes to its vibrant cultural scene. With Lake Erie to the north, Painesville... Read more