Pressured to buy?

Hey you home buyers out there, are you feeling pressured to buy a home these days?

It’s tough out there for sure. I will show a home that just hit the market the afternoon before and by 10:30 in the am there will be a pile of at least 10 business cards on the kitchen table. This means at least 10 agents have shown it before me! Chances are that by 4:00pm that seller will have multiple offers to review at dinnertime. In today’s market, homes are selling in hours, not days. If you want to buy a home in this environment, you’d better be ready to act fast! And because of this, the pressure is on. Making investment decisions under pressure can lead to wrong choices. Remember, it is an investment with lots of $’s at stake. DO NOT ALLOW YOUR REALTOR TO PRESSURE YOU IF YOU ARE NOT READY. Most will not, but if you find yourself in that situation, FIND ANOTHER REALTOR.

Ways to not feel pressure:

  1. Know the market. Spend time with your Realtor looking at homes in the areas you are interested in knowing that you may not end up with one of those homes. By looking at these homes, you become knowledgable about what to expect when you are ready to pull the trigger.
  2. Know your financing. Getting Pre-Qualified is not enough these days. Go the step further and get Pre-Approved. Not all lenders are willing to go through the underwriting process prior to contracting on a home, but the good, hardworking ones will. If yours won’t, find one that will.
  3. Stop listening to your neighbors, moms, dads, cousins, dogs. They mean well, but if they haven’t sold at least 50 homes, they are not real estate experts and their advice may be less than informed. If they are pressuring you, that can make you make bad decisions. Listen to your experienced Realtor for advice.

A lot must come together in order to be successful in getting a home under contract these days. Be prepared, not pressured. Contact me for more advice on this and other aspects of buying and selling homes.

Happy home buying!

Go HERE to get assistance from an experienced realtor.

And go HERE to get assistance from an experienced lender that WILL Pre-Approve you!

 

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Did you know..

Here’s a fun fact: Denver proper has only 1166 homes for sale today! the city of Littleton has 168. If you have a home in Highlands Ranch, you only have 72 other homes to compete with for sale! That’s right, 72 homes for sale in ALL of Highlands Ranch! Thinking of selling your home? Message me and I’ll tell you why now is better than Springtime…

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Is it a good time to sell my home?

 

 

Here’s something to consider. Typically the “hot time” to sell your home is smack dab in the middle of Spring. That is the best time to hit the market, right? The problem with that thinking is that that is what EVERYONE is thinking. That means when you put your home on the market when EVERYONE does, you are in competition with EVERYONE.

Stand out. Be ahead of the game and have your home on the market before the market gets flooded by EVERYONE!

Happy selling!

Go  to the Real Estate Resource Page for more advice and a FREE home pricing evaluation and search for homes.

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Why Buy A House Now? Here’s Why…

Employment is going up, Interest Rates are still down and Home Prices are still below peaks in most areas.

Employment has been a huge issue with home values. The next generation of home buyers—the Millennials—has been particularly affected by the nation’s job slump. Saddled with student loans and tight lending restrictions, many in this generation have been living with their parents to save money until the economy picks up. Employment numbers have been getting stronger month after month. The U.S. economy is finally adding jobs—about 200,000 new jobs per month. What this will do is make it possible for the Millennials to move out of Mom & Dad’s home and move into the housing market, and that is a lot of demand!

Interest Rates are below 4% right now! A loan for $200,000 will cost $764 per month, P&I. Denver Average Rent  As of November 2016, average apartment rent within the city of of Denver, CO is $1564. One bedroom apartments in Denver rent for $1365 a month on average and two bedroom apartment rents average $1765. Right now, it is more affordable to buy the homes that people are renting. Interest rates cannot stay low forever, Time to take advantage!

Hard to believe. but in some areas home prices are still below their peak in 2007-2008. That means that with the recovery, prices are expected to increase over the next few years. Buying a home now still gets you in as the values are still rising. Most indicators are pointing the the fact that we are not at the top and should’t be for some time now.

Time to buy!

Contact Jeff Hansen for more Real Estate Advice

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FHA Loan Limits To Increase

RISMEDIA, Tuesday, December 06, 2016— Federal Housing Administration (FHA) loan limits will rise in most areas in 2017, applicable to cases assigned on or after Jan. 1, 2017, FHA recently announced. The increase, motivated by rising home prices, comes after the announcement that maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac would also rise next year.

The loan limit ceiling, according to a released by the U.S. Department of Housing and Urban Development (HUD), will rise to $636,150 from $625,500 in high-cost areas (areas where the loan limit exceeds the floor). The floor will rise to $275,665 from $271,050, applicable to areas where 115 percent of the median home price is less than 65 percent of the national conforming loan limit of $424,100.

The maximum claim amount for FHA-insured reverse mortgages (HECMs) will also rise to $636,150, 150 percent of the national conforming loan limit.

View the FHA loan limits by county here.

Contact Rebecca Hansen; Guild Mortgage for a Pre-Qualification

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Littleton, CO One Of Top 5 Best Cities

According to wallethub.com, Littleton ranked 4th out of 1,268 towns with a population between 25,000 and 100,000. Using housing costs, school quality and restaurant data, among others, wallethub.com considers Littleton in the top five two years running! I knew I loved my town for a reason!

 

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Inventories of Homes For Sale Update

In the Metro Denver Area the inventories of homes for sale is once again down. In the city of Denver there are only 1527 homes for sale today. Which is down 21% from the 1st week of September. Littleton has just under 300 homes for sale right now and Highlands Ranch has only 125 homes for sale. That’s right, in ALL of Highlands Ranch there are only 125 homes available in all price ranges and types!  That is down 50% from that of September. If you were even considering selling your home you might want to take notice. Less inventory means less competition and more demand which equates to higher pricing! Read the very short blog from yesterday about selling during the holiday season and see if now is your time…

Want to know the value of your home in Colorado? Click HERE to get started

Want to search homes for sale in Colorado? Click HERE to get started

#realestate #realty #coloradohousing

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Did you know…?

Did you know that December can be one of the most busy months for real estate sales? It’s true. Many folks realize that they can find deals for homes during the holiday season. Buyers are out in droves this season looking to get something locked up prior to the new year. Plus, now that the crazy election is finally over, confidence is back. Happy Holidays and Happy Selling!

Want to know the value of your home in Colorado? Click HERE to get started

Want to search homes for sale in Colorado? Click HERE to get started

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October Real Estate Market Update

Sweet winter home

Click HERE for a 36 second video on the current market.

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Homework Assignment

I was talking to a new client just today and they were complaining about the realtor that he and his wife had had a long relationship with before they ran into me. They have worked with this realtor for decades and all of the sudden realized that they just were not a fit anymore. They started to notice that their agent was calling less and providing less market information and were not there as often to answer basic real estate questions. A brokerage relationship can be much like any relationship or even a marriage. Over time, they can drift apart. Here’s what I mean. In the beginning the agent focuses a ton of attention to their new buyer. They woo them with exciting new listings and spend hours with them nurturing their purchase. They get to closing and then they are nowhere to be found. This is a simplified version of it, but it happens. The new clients from above were actually quite happy with their broker for many years and that broker was there for them. Over the years, however, that relationship started to slip. I guess they could consider going to a marriage counselor to try to save the relationship… But seriously, that relationship needs to be nurtured. The broker should want to be there for you after the closing and through the years. If not, swipe left. Or is it swipe right? I don’t know, I’m married. Swipe whichever way it is to go to the next qualified broker in that virtual Realtor/Client dating app! I know the right broker is out there for you.. Who knows, it might be me!

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