Sellers ‘Peak Selling Time’

SELLERS! Our “Peak” Selling Time is fast approaching.

With more homes coming on the market if you’re contemplating selling NOW is the time to do so. More competition means more flexible pricing. So the sooner; the better! Be the “early bird” and remember “they get the worm!”

Contact me for more information.

Buyers & Sellers

Considering getting in the market to Buy or Sell?

Who do you turn to for help?? A large Franchise or a small local Independent Broker?? There lies the question . . .

Some important reasons to consider working with a smaller local Independent Broker.

-Individual Focus
-Service Oriented
-Customer Satisfaction a Top Priority
-Same Services as larger companies but with a personal touch aligned with your specific needs
-Great Follow-up with YOU the Client
-Excellent communication and personal interaction with YOU the Client to achieve your goals
-Flexibility to be creative in providing the Best service, Best follow-up and Best results.

Contact me for further information

Choosing a Realtor

Buyers and Sellers…considering getting in the market to buy or sell?  Who do you turn to for help?

A REALTOR® of course!  Why? Experience, expertise, connections, to name a few, and most important: adherence to a strict code of ethics.

The BIG question, though, has to do with how much and what kind of help you need.  Do you want a REALTOR® who is part of a large franchise company? Or do you need an  Independent Local company????

Therein lies the question.  Contact me for more information!!!

 

YOUR HOME DECOR

Your home decor isn’t always perfect for selling. “While your home may be beautifully decorated, it still looks like your home, not the buyer’s,” Teresa Stephenson, vice president of a residential brokerage at Platinum Properties in New York. Clutter, in particular, can make a home feel cramped. “You don’t have to pay to have your home staged, but if you don’t buy into the concept that ‘less is more,’ you’ll pay when it comes time to sell.”

Here are some of my suggestions. All that stuff you love is your stuff, and may actually turn off  potential buyers. Clean things up, especially in the kitchen. Wipe down appliances, take out the garbage. Put away toys. Sweep and vacuum up animal fur. Tidy up bathrooms and bedrooms. Air the place out. Leave a plate of just-baked cookies on the kitchen table (smells good!) Make the place look, feel, and smell inviting, but not too personal. They buyer needs to be able to envision the home as their own with their own stuff in place, not yours.

Contact me today, and we’ll talk about how to make your property look it’s best to prospective buyers.

FSBOs

FSBOs net significantly Lower Profits.  For Sale By Owners tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate according to study by Collateral Analytics. This study examined price differences between homes sold through traditional agents vs those sold by Owners from 2016 to the first half of 2017. Contact me for more information.

Even successful FSBO sellers achieve prices significantly lower than those from similar properties sold more traditionally via Realtors.  FSBO sales on average net nearly a 6 per cent lower price than an MLS sale for similar property.

BUYER INTEREST REMAINS

Buyer interest remains, however low inventory and steady housing prices continue to dictate Colorado’s housing market. The number of buyers is still strong, but with traditional seasonal cooling in conjunction with the low inventory and steady median housing prices, buyers have a bigger challenge.  Inventory supply for single family homes throughout the state remain relatively flat at 2.6 month,s while condo/townhome inventory stands at 1.9 months.  These both remain approximately 30 percent below August 2016 inventory supply.

Bottom line, if you are a Buyer, have your lender letter in hand and be prepared to act quickly.

 

HOW TO IMPROVE YOUR CREDIT SCORE

One of the most common questions about how to improve your credit score is what would be the best thing to pay off to improve their FICO score?. Take the FICO quiz to check your credit score knowledge.

Which of the following would improve your score the most?

  1. Paying off a $2000 collection.
  2. Paying off a $30,000 auto loan.
  3. Paying off a $300,000 mortgage loan.
  4. Paying off a $7000 credit card.

Before you answer there are a few ground rules to this quiz. First, the starting score is 620. This is important, because this score needs improvement. Second, the payoffs of the accounts are a payment in FULL not a short sale or settlement and everything else on the credit report remains the same.

Your FICO score is more concerned with the INCIDENT when it comes to collections NOT the balance. People get the idea that if they pay off their collection accounts that it is going to magically improve their score. The reality is doing this has only a slight positive to neutral effect on your score.   A mortgage loan is just another installment loan! Pay off your mortgage to save money on the interest but don’t get caught up in the idea it’s a credit building tool.  If you picked #4, your are right. Credit card debt is considered more risky than installment debt because usually installment debts are secured by some asset.  This is the reason that revolving accounts (credit cards) play a much bigger role in the score.

Contact me for more information about the role credit cards and installment loans affect your FICO.

MORTGAGES WITH FAMILY OR FRIENDS?

Thinking about a mortgage with friends or family?  You might want to think again before you jump in. There are some things to consider like maintaining a good relationship as well as rules and regulations regarding the terms and interest rate that govern these transactions.  Contact me for more information.

FANNIE MAE CHANGES

New Fannie Mae changes will certainly help buyers.  As of July 29, 2017 the debt to income ratio will increase from 45% to 50%.  This will make home buying much more accessible to a larger number of people. So…Buyers,  if you’ve been sitting on the fence, this news along with the many products available should be good motivation for you to get in the market!  What are YOU waiting for???  Contact me for more information.