Tracking Change

The market is changing. The change is slight, not drastic.

Both potential sellers and potential buyers need to know that the pace of the market has slowed since the Spring.

Here is one way we track this change…

A review of the August numbers shows the pace of sales in each of our Front Range markets:

  •  Larimer County = 18 closings per day
  • Weld County = 16 closings per day
  • Metro Denver = 165 closings per day

Based on the pace of sales, we can determine the inventory of current homes for sale measured in days:

  • Larimer County = 24 days of inventory
  • Weld County = 23 days of inventory
  • Metro Denver = 18 days of inventory

Then we can measure the increase in days of inventory versus April of this year:

  • Larimer County = 26% increase
  • Weld County = 15% increase
  • Metro Denver = 20% increase

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Buying and Selling a Home at the Same Time

Successfully selling a home and buying a home are significant accomplishments on their own, but when their timelines cross it can be difficult to manage both. If you’re thinking about doing both simultaneously, it’s equally important to understand the steps you can take to make the process go smoothly as it is to have a backup plan in case it doesn’t. Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent.

Do I buy or sell first?

One can imagine a perfect world in which the two transactions go through one right after the other. However, this is not usually the case. So, should you list your current home first or start by putting in offers on a new one? There are pros and cons to both.

Selling your current home first allows you to make offers on a new home with cash in your pocket, increases your buying power, and avoids having to juggle two mortgages simultaneously. On the other hand, it creates a gap of residence, often leaving homeowners wondering where they’ll stay until they move into their new home or whether they may need to rent before they can buy again. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

Buying before selling solves the need for any temporary housing and makes the overall moving process much easier. Having a residence established ahead of time means you’ll only have to move once, which can save you some serious stress during this time of transition. Oppositely, buying a new home before you sell your current one will put an added strain on your finances. Having two concurrent mortgages equates to taking on more debt, which could result in less-than-favorable loan terms for purchasing your new home. Without the lump sum generated by a home sale in your pocket, coming up with enough money for a down payment may be a challenge and obtaining private mortgage insurance (PMI) may be in the cards. Finally, buying before selling comes with an obvious assumption—that your current house will sell.

Ultimately, the order of operations depends on your situation. Perhaps you’re moving due to a change of employment, and you need to direct all your energy toward buying a new home by a certain date before you can even think about selling your current one. No matter which route you take, it’s important to communicate your timeline to your listing agent or your buyer’s agent so they can strategize accordingly.

Buying and Selling a Home at the Same Time 

Local Market Conditions

Buying and selling at the same time will come with a certain duality: at each step in the process, you’ll have to balance your responsibilities as both a buyer and a seller. For example, when assessing your local market conditions, you’ll be looking at not one, but two housing markets.

  • Seller’s Market: Selling in a seller’s market means that that you’ll need to be prepared to move once you list, since you could be looking at a short selling timeline. However, relying too heavily on the assumption that your house will sell quickly could make things dicey down the road. If you’re buying in a seller’s market, finding a new home may take longer than expected. You could potentially be waiting weeks or months for an offer to get accepted.
  • Buyer’s Market: Selling in a buyer’s market typically means that homes stay on the market longer. If you proceed with a new home purchase just after you’ve listed your current house, know that it may take a while to sell. If you’re buying in a buyer’s market you can afford to be picky, knowing that time is on your side. With fewer people buying homes, sellers will be more flexible, giving you leverage to negotiate your contingencies.

Having a Backup Plan

If only you could wave a magic wand and make both transactions go through as planned. That’s why it’s important to have a backup plan in place to right the ship should things go sideways at any point in the buying or selling process. Talk to your agent about which options may be right for you. Here are a few:

  • Sales Contingency: Buying your new home with a sales contingency allows you to opt out of the purchase contract if your home doesn’t sell by a specified date. Purchasing contingent on the sale is rare in highly competitive markets.
  • Bridge Loan: If your current home hasn’t sold yet and you’re not able to afford the down payment on a new home, a bridge loan may be a fitting solution. Bridge loans can be used to cover the down payment on a new house and are repaid once your existing home has sold.
  • Rent-Back Agreement: A rent-back agreement is a clause in the sales contract that allows the seller to rent their old home from the buyer for an agreed-upon period of time before the buyer moves in. This can be especially helpful in situations when the seller is having trouble finding a new home.

For more information on buying and selling a home at the same time, give us a call at (970) 460-3033 to get connected with an experienced agent!

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Construction Jobs

When you see people working to build a new home or new commercial building, you may wonder how much money they earn.

Here is some interesting research from the Bureau of Labor Statistics which ranks the highest-paying construction jobs based on median annual income.

Who knew that elevator and escalator installers would be at the top?

  1. Elevator and Escalator Installer = $88,540
  2. Boilermaker = $65,360
  3. Building Inspector = $62,860 
  4. Electrician = $56,900
  5. Plumber = $56,330
  6. Ironworker = $53,210
  7. Sheetmetal Worker = $51,370
  8. Carpenter = $49,520
  9. Equipment Operator = $49,100

The post Construction Jobs appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Construction Jobs

When you see people working to build a new home or new commercial building, you may wonder how much money they earn.

Here is some interesting research from the Bureau of Labor Statistics which ranks the highest-paying construction jobs based on median annual income.

Who knew that elevator and escalator installers would be at the top?

  1. Elevator and Escalator Installer = $88,540
  2. Boilermaker = $65,360
  3. Building Inspector = $62,860 
  4. Electrician = $56,900
  5. Plumber = $56,330
  6. Ironworker = $53,210
  7. Sheetmetal Worker = $51,370
  8. Carpenter = $49,520
  9. Equipment Operator = $49,100

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Charm + Character

2806 W. 23rd Street, Greeley is a wonderful home on a corner lot in Cascade Park neighborhood. Located close to schools, parks, trails, shopping and dining. Spacious living room with loads of natural light and laminate wood floors. Updated baths and light fixtures throughout. Two bedrooms on the main and the lower level includes additional family room for entertaining, 3rd bedroom, an office/flex room and plenty of storage. Eat in kitchen with pantry opens to the spacious covered deck and large, fully fenced yard with shed, garden space and room to park boat/RV. Newer windows and roof with Class 4 Shingles. Central AC, sprinkler system and solar system w/panels. No HOA. Contact Kelly Swift at (970) 310-4876 to schedule your private tour or click here for more information. 

 

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Experience All Fort Collins Has to Offer!

402 Riva Ridge Drive is a fantastic midtown location in Warren Farms! You will be able to easily get to the Max, trails or the Foothills Mall. This home is located on a corner lot with a fenced yard with mature trees, perfect for entertaining. The 3 bedroom 2 bathroom home has an open floor plan on the main floor. The kitchen has newer stainless steal appliances and plenty of countertop space for cooking. The primary bedroom has a full bathroom and a walk in closet. The washer and dryer are conveniently located on the 2nd floor next to the bedrooms and are included in the sale of the home. The one car attached garage with a door from the main living area is an added bonus to the home. Contact Rondi duPont at (970) 401-0123 to schedule your private tour or click the link here for more information.

 

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Lake House Meets Mountain Bliss

This gorgeous Red Feather Property is a perfect blend lake house and mountain cabin. 352 Nowata Drive offers 360 degrees of amazing views, over an acre of property and less than 200ft to the shore of Crystal Lake, make this the perfect oasis for any outdoor enthusiast. An oversized 1 car garage plus a workshop give you plenty of space to store your toys. The southern facing deck is perfect for any day the sun is shinning, all 300 days! Contact Meagan Griesel at (970) 691-0056 to schedule your private tour or click here for more information. 

 

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Great Bones in Need of TLC

Looking to make some sweat equity? 105 S. Grand Ave, Fort Lupton features a very convenient location near Highway 85 and Highway 52 on just under 1/3 of an acre. This solid brick ranch has lots of light from the floor-to-ceiling windows and a walk-out basement. The home backs to an open field and has a large concrete patio in the back yard, great for entertaining! Pre-inspection is available. Contact Meagan Griesel at (970) 691-0056 or click here for more information. 

 

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Upgrades + Acreage!

319 Audrey Dr, Loveland is a beautifully landscaped 2 Story home on a QUARTER ACRE lot with RV Parking. Upgrades abound with brand new epoxy floors in the heated garage, newer garage door, gutters, roof, newer SS appliances, and water heater. The HVAC system was just recently serviced. The backyard boasts a large shed for additional storage, a covered patio, a fire pit area for entertaining, loads of privacy, and beautifully mature and lush backyard landscaping. Close proximity to shopping, downtown Loveland, walking paths, and lakes. Come see this one before it’s gone. Contact Jared Foster at (970) 690-5707 or Alexis Foster at (970) 310-6999 to schedule your private tour or click here for more information. 

 

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Summer Parties Made Simple

This article originally appeared in the Summer 2021 issue of Windermere Living by Amanda Zurita.

Summer, especially this summer, is meant for barbecues, outdoor movie nights, garden gatherings, and rooftop cocktail affairs. Keep the focus on reconnecting with friends and family by opting for unfussy, minimalist decor and clean color palettes. It’s about time we have something to celebrate, isn’t it?

Backyard Barbecue

Upgrade the summertime tradition of the backyard barbecue with stylish and simple tools.

A group of people sit at a table outside for a backyard barbecue.

Image Credit: Jayme Burrows / Stocksy

 

The most time-honored summertime gathering takes place in your own backyard, and a lineup of modern tabletop grills and tools means you can feed a fête without much fret. For example, BergHOFF’s sleek tabletop grill has a compact design that can easily transport to a balcony or the beach—simply add charcoal, and you’re ready to take orders. Or switch it up with one of this year’s most popular cooking contraptions, a portable pizza oven, like the one made by Ooni. With models powered by gas or by wood fire, these ovens can cook a 12-inch pizza in as little as 60 seconds and will work for meats and vegetables, too. Focus on main courses, and ask your guests to bring sides or desserts to share. Complete the ambience by piping a playlist through portable outdoor speakers like the Move by Sonos, which are equipped with voice control and Bluetooth tech, so you can play DJ with ease.

Elevate Your Grill Game Without Going Too Crazy

  • Burgers on the menu? Stuff them with gourmet cheeses, like bleu or mozzarella, before throwing them on.

  • Sitting down together? Time your steaks right by searing them first and finishing them just before serving.

  • Make it a pizza night—with or without a pizza oven. Load pies with your favorite fixings, roll them out on a pizza stone, and cook them over the open flame.

  • Don’t skimp on fruits and veggies. Grilled vegetables are summer’s side dish; peaches and pineapple make for a sweet and juicy dessert (make it á la mode!).

Garden Party

Elevate your outdoor space with basic romantic elements.

A group of people sit around a large table at a backyard party.

Image Credit: Trinnette Reed / Stocksy

 

A garden party is a glorious way to gather with friends for an elegant afternoon. Start by creating a special space in the yard by laying down some outdoor rugs or erecting a temporary canopy to provide shade. To illuminate the celebration, surround the table with candlelit lanterns, or string outdoor lights between overhead branches. Then, it’s all about the tablescape. Select durable (and unbreakable) dishware like sustainable bamboo plates and bowls from Fable New York, which come in a range of colors like soft blush, buttery yellow, and eggshell blue. The same goes for glasses, which can be as durable as they are chic in fluted acrylic designs from West Elm. To distribute your chosen refreshments, fill a cheery pineapple-shaped beverage dispenser from Nordstrom with punch or lemonade, or stock bottles of bubbly in a sleek Permasteel rolling patio cooler. Once you’ve covered the dining and decor, add extras that keep your guests comfortable, like classic paddle fans, supplied by party stores and wedding suppliers like The Knot. Keep mosquitoes at bay with a discreet Patio Shield repeller by Thermacell, which creates a 15-foot zone of protection around your gathering.

Add a touch of natural beauty by creating simple flower arrangements based on what’s in your yard—or the local farmers market. Seasonal blooms like tulips, peonies, and ranunculus come in many shades and have a textural, wild appearance. To step outside the expected, add branches from cherry or olive trees or fresh fruits from trees on your property. Take your time adding and subtracting elements until you achieve a look you love. A flower frog or stretch of lattice can help hold everything in place. For a minimalist spray, choose a monochromatic color palette, or keep it light with just a few blooms.

Sunset Soirée

Watch the sunset from your rooftop, porch, or balcony at an elegant yet restrained affair. 

A man and a woman attend an outdoor party during sunset.

Image Credit: Jovo Jovanovic / Stocksy

 

To set a classic (and classy) mood, make a portable record player the center of attention, and invite guests to bring a favorite album. Many options, like the turntables from Crosley, have Bluetooth capabilities, so you can link speakers and switch to digital music with ease. To keep the evening chill away, set up a portable fire pit (Solo offers wood-burning, smokeless options in a number of sizes). Citronella candles, like Pottery Barn’s artful candle, help maintain the romantic ambience while keeping the buzz kills away.

Cheers to You

A polished party deserves an equally upscale signature drink, but you don’t want to spend all night playing bartender. A Champagne punch you can batch in advance is easy to make but elegant enough to fit the vibe. This recipe for a berry satsuma sangria will fit the bill and please a crowd, especially when served in shatter-resistant stemware from Williams Sonoma. Prepare about an hour before your party to preserve the bubbles.

Ingredients

  • 6 satsuma oranges
  • 1/2 pint strawberries, sliced
  • 1 pint raspberries
  • 1 bottle of chilled dry Champagne or sparkling wine
  • 6 oz Grand Marnier liqueur
  • 4 oz club soda
  • 2 oz cherry brandy
  • Fresh mint for garnish

Recipe

Place the segments of two oranges and all of the strawberries and raspberries into a large punch bowl or drink pitcher. Juice the remaining oranges for about . to ⅔ cup of orange juice, and add to the bowl along with the remaining liquid ingredients. Stir together and taste, adding simple syrup if it isn’t at your desired sweetness. Serve over a large ice cube and garnish with mint.

Movie Night

Everything you need to get cozy under the stars.

A man and a woman watch a movie on a projector from their driveway.

Image Credit: Shutterstock

Pump Up Your Popcorn

Toss plain popcorn with a variety of seasonings: try butter, salt, and truffle oil; crispy bacon, a few tablespoons bacon drippings, butter, and chopped chives; butter, sriracha, and lime—or bake popcorn on a tray with a few cups of your favorite cheeses for a crunchy-melty treat.

It’s lights, camera, action with a backyard movie night to rival any drive-in. If you’ve spent the last year watching everything Netflix has to offer from the comfort of your couch, this change of scenery is (literally) a breath of fresh air. Opening your own outdoor theater is easy with movie screens, like Pottery Barn’s streamlined option, that set up in no time and come with a portable storage bag. Upgrade from blankets or lawn chairs to specially made outdoor bean bags from Jaxx, line the aisles with IKEA’s romantic solar lanterns, and you’re ready for showtime under the stars.

Project: Projector

When choosing a projector, consider brightness levels in your yard. If you have any light pollution, you’ll likely need a projector that puts out 800 lumens for an 80-inch screen size. A short throw projector, placed three to eight feet from the screen, is ideal. Epson’s EF-100 Mini Laser Projector is a good bet, and it’s both powerful and light, weighing just under six pounds. As for audio, most projectors that do have built-in speakers won’t offer the cinematic sound quality you’re looking for, so a set of well-placed Bluetooth speakers will round out the full experience. A pair of Anker Soundcore Motion Boom speakers placed at the back corners of your viewing area can create rich surround sound. And be sure to let the neighbors know about movie night so they aren’t surprised—better yet, why not extend an invite?

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