Motivation = Incentives! Potential real estate buyers may diminsh between Thanksgiving and New Year’s Day, but there are home sellers out there, and home buyers may find less competition for homes. “Unlock 4th Quarter Opportunities in our Front Range Real Estate Market” is a great article that may give you some help in taking advantage of what they call a ‘unique window of opportunity.’ Email me at Norm@NormTeSlaa.com if you would like a complete copy of my November newsletter. Unique challenges can result in creative solutions!
It’s all in the connections
November 2, 2010 Leave a Comment
I was sent a link to a website that brought me to a page titled ”Top 10 Uses for Wi-Fi (That Aren’t Just Connecting to the Internet).” I confess I use my cell phone basically for the purpose of receiving and sending phone calls and emails from my real estate clients . But this article indicates you can use your smartphone as a remote control, tether the smartphone to a computer for internet access anywhere you have cell phone service, and to sync your music or photo library. I’m still looking into turning my phone into a remote control, (can’t wait to be able to flip from anywhere in the house!) but you can read through the whole article at http://lifehacker.com/5671482/top-10-household-uses-for-wi+fi-that-arent-just-connecting-to-the-internet.
Seasonal inventory decrease
October 20, 2010 Leave a Comment
Active listings tin today’s real estate market for single family and condominiums in the Denver metro area decreased in October from September. This is good for homesellers who currently have their home on the market. According to Metrolist Inc., the inventory decreased by 3.4% and the entry price point up to $250,000 for a home has a 5.89 month supply. For home buyers, interest rates remain at 40 year lows for a 30 year fixed rate mortgage. Call if you would like an update on what’s happening in real estate in your neighborhood!
How’s the real estate market?
October 8, 2010 Leave a Comment
Important things to note in the Denver real estate market:
*The pace of home sales is slowing. The total volumn of Metro Denver home sales dropped 23% from September 2009 to September 2010.
* Inventory of homes on the market in September 2010 is up 18% over August of 2010.
* Home sales experienced a big decline after the tax credit expired on June 30, 2010. From June to July the decline was 19.5%, from July to August it was 5.5% and August to September it was 3.9%. This shows we ‘forward sold’ for those spring months and now the market is returning to normal activity.
Coming up for air
October 5, 2010 Leave a Comment
The end of summer means spending more time indoors, and it may be time to check the air quality in your home. You may find toxic chemicals in your household cleaning products are causing your dizziness or nausea, or mold or mildew from air conditioners or humidifiers are causing allergic reactions in your family. Here is a website that will let you determine if you have a problem: http://bit.ly/bP984t. Ask me for a copy of my supplemental report “Improving Your Home’s Air Quality” if you would like more information.
Question on the minds of homeowners in today’s economy.
August 10, 2010 Leave a Comment
Jack O’Connor, RE/MAX Professionals answers a question on the minds of homeowners today:
How will homes being foreclosed in my neighborhood affect my home value for the future?
Answer: Since foreclosed properties are typically sold, “As Is” buyers are purchasing at slightly below market values which will affect the value of homes in the same neighborhood for the short term. However, most neighborhoods have a small percentage of sales that are foreclosures. In fact, foreclosed sales average 7% of homes selling today and most neighborhoods have another 6% of short sales occurring. This leaves 87% of all sales in most neighborhoods selling at market value holding the value of your home closer to the current market conditions.
Rational Thought: Foreclosures sales or short sales do negatively affect value in the eyes of the homeowners living in the neighborhood. However, like any other non-arms length transaction the reduction in value will be dictated by the number of foreclosed properties in relationship to other sales over the last 90 days. Since most banking experts and foreclosure services are stating that any additional numbers of additional foreclosures entering the market are at the peak, the market will see less valuation fluctuations moving forward then we’ve seen the last 36 months.
Call me at 303.884.1314 if you have questions on foreclosed properties in your area. Norm
