Our Chief Economist made a video for all of our clients where he shares his perspective on COVID-19’s impact on housing. You can watch it by clicking the image below:
 |
The post Economist’s Perspective appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
So far the tailwind of historically-low mortgage rates are prevailing over Wall Street and COVID-19 concerns.
Buyers are still active. Properties are still closing. Moving trucks are still showing up at people’s homes.
Open house traffic has declined, but we notice plenty of buyers looking for property. (one of our open houses last weekend had over 40 visitors)
For many, the interest rates are just too good to pass up.
We even see instances of multiple-offer situations for properties priced right in high-demand locations.
Rates today, compared to 4%, equate to not only a monthly savings for those refinancing but also equates to tens of thousands in additional purchase power.
For the average price of a home on the Front Range, the savings is $171 per month and the increased purchase power is $35,811.
Here’s what we expect to happen over the coming months. Listing inventory and transaction volume will both decline. We will no doubt see lower activity compared to a year ago.
But thoughts of the market “coming to a screeching halt” can’t be validated because of the historical performance of our market and because of the inherent fundamentals in place.
We will continue to track the numbers and communicate the facts so that you remain well-informed.
The post Headwind vs. Tailwind appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
|
The post A History Lesson appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Great opportunity at 5845 Venus Ave in Fort Collins for a first-time homebuyer or investor! Beautifully updated kitchen, complete with Frigidaire Gallery stainless steel appliances, new cabinets, backsplash and granite countertops. The main level boasts hand-scraped oak hardwood floors and 3 bedrooms (or 2 bedrooms + an office). The basement has 2 additional bedrooms, a large storage room & laundry room. Both bathrooms are tastefully updated. Large fenced in yard with a patio, deck, shed & separate fenced off garden area with garden boxes. Contact Kailee Harvey at (970) 331-2868 for your private showing for more information or click the link below for more details.
http://windermerenoco.com/listing/106675374
The post Beautiful Ranch Style Home in Fort Collins! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Whether you’re a first-time homebuyer or you currently own and are looking for a new home, the ideas below will help you better navigate that all-important first step: Finding a property that is both appealing and affordable.
The search for a new home always starts out with a lot of excitement. But if you haven’t prepared, frustration can soon set in, especially in a competitive real estate market. The biggest mistake is jumping into a search unfocused, just hoping to “see what’s available.” Instead, we recommend you first take some time to work through the four steps below.
Step 1: Talk to your agent
Even if you’re just thinking about buying or selling a house, start by consulting your real estate agent. An agent can give you an up-to-the-minute summary of the current real estate market, as well as mortgage industry trends. They can also put you in touch with all the best resources and educate you about the next steps, plus much more. If you are interested in finding an experienced agent in your area, we can connect you here.
Step 2: Decide how much home you can afford
It may sound like a drag to start your home search with a boring financial review, but when all is said and done, you’ll be glad you did. With so many people competing to buy what is available, it’s far more efficient to focus your search on the properties you can afford. A meeting or two with a reputable mortgage agent should tell you everything you need to know.
Step 3: Envision your future
Typically, it takes at least five years for a home purchase to start paying off financially—which means—the better your new home suits you, the longer you’ll most likely remain living there.
Thinking of your near future, what life events do you anticipate in the next five or six years? If you’re planning to add to the family or change careers, or even rent out a portion of your home to others, share this information with your real estate agent. They will be able to help you evaluate your current and future needs to help find the best home that you can grow into.
Step 4: Visualize your ideal home
When it comes to this step, be realistic. It’s easy to get carried away dreaming about all the home features you want. Try listing everything on a piece of paper, then choose the five “must-haves,” and the five “really-wants.”
For more tips, as well as advice geared specifically to your situation, connect with an experienced Windermere Real Estate agent by clicking here.
The post Finding Your New Home in Four Steps appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Keep Updated!