Mountain comfort, remodeled property.
Upgraded kitchen features, and interior. ProLine stainless series by KitchenAid 36″ side by side refrigerator, convection oven, dishwasher and microwave. Whirlpool cooktop. Pella doors. Offset heat costs: Wittus rotating wood, freestanding.
“Island” property location below Arkansas Ridge,southern exposure, natural light, strong passive solar gain – heat sink concrete main floor.
Enclosed porch. Lighting and fresh paint accents the interior. Metal roof.
1 bath – 1 bed/loft
MLS # 706947
When prepping your home for sale, how do you decide what projects are (and aren’t) worth your dollar? Some say it boils down to whether or not you’ll recoup your investment, but that’s only part of the equation. Many factors have to be weighed against the costs: How does your house stack up against comparable listings? What perceptual boost does a particular project offer, and are there negatives the property needs to compensate for? While there’s no single set of rules for choosing which upgrades are right for your home, there are some rules of thumb. Here are six things to fix, or skip, before you sell.
Which upgrades should you tackle, and which should you leave for your homes’s next owner? CLICK HERE
The Appraisal Contingency
It’s a Seller’s market. Properties are shorter days on market, even at certain price points, Seller’s are experiencing multiple offers. Assuming the property is at the “correct” list price (per comps of current “solds”), it means that any strike price will proceed to closing, right?. Well, not necessarily. Bidding wars may move the price upward, but that does not guarantee that there will be a smooth transition to closing, especially with a Lender/loan is involved.
The Boulder, Colorado, and surrounding market is experiencing price points that Buyers are paying more than the list price. However, many of these properties are going back on market as “Buyers could not secure financing”. What this really means is that the property simply did not appraise, or it was a tough appraiser that caused the property to not appraise.
M. Anthony Carr provides an article that goes into detail regarding the appraisal contingency. Click Here for the full details.
What’s the process of purchasing a new home? Just get into the realtor’s car and go on tour? Not likely the best procedure for a successful home purchasing initiative. For all buyers, whether the first time, or the seasoned purchaser, Tara-Nicolle Nelson has provided 5 things that buyers need to hear, and a road map for a successful buyer – broker relationship. The five categories are:
1. How to fill in the blank
2. What to expect
3. Mindset management
4. Freak out prevention
5. Data
and for more details on each line item: What’s the process of purchasing a new home? Just get into the realtor’s car and go on tour? Not likely the best procedure for a successful home purchasing initiative. For all buyers, whether the first time, or the seasoned purchaser, Tara-Nicolle Nelson has provided 5 things that buyers need to hear, and a road map for a successful buyer – broker relationship. The five categories are:
1. How to fill in the blank
2. What to expect
3. Mindset management
4. Freak out prevention
5. Data
and for more details on each line item
What realtor would not love passing along such positive news to their readership? And, this intelligence comes from a Chief Economist (how’s that for credentials?) Jed Kolko of Trulia. Reviewing Jed’s article, he details the following sectors to make the determination of our market recovery:
- Construction
- Existing home sales
- Delinquency & foreclosure rates
For the details and all the charts to support this real estate market recovery, click here:
Tara-Nicholle Nelson writing for Truila, details 5 home purchasing tips. These 5 tips are an excellent general starting point that addresses the current market, but also what the home buyer should be aware of in this market that is very different from subsequent years in real estate.
Click here to read the full article
A chaotic house may lower its value
True the Boulder and Denver area are experiencing a “Seller’s Market”. However, want to dollar for your property. Buyers are touring available properties and making comparisons of curb appeal and indications if the home has been well taken are of and maintained.
David Kopec of Realty Times provides an overview of of a well presented/marketed home. Beat the competition, gain the full price offer in this seller’s market.
URL for the full article: http://www.realtor.com/home-finance/real-estate/sellers/cluttered-home-benefits.aspx?source=web
It is pretty official… those parties that are interested in purchasing a new home are finding the reality of a “Seller’s Market”. Interest rates remain low, and added to the equation, inventory of available properties is low.
Tara-Nichole Nelson, writing for Trulia introduces some obvious reality checks on what can be an outcome of purchasing a home in a seller’s market: price creep.
“Price Creep” is a natural indication of the seller’s market. However, one little detail typically keeps a budget on track: the chat with the Lender / mortgage broker that is running the numbers, and the Lender underwriting the loan. It may seem to date, that the Lenders may have not totally forgotten the financial meltdown of 2008.
Here’s the link to Tara’s detailed article:
<a href=“http://www.trulia.com/blog/taranelson/2013/04/4_mind_over_money_strategies_to_manage_price_range_creep?ecampaign=cnews201304A&eurl=www.trulia.com%2Fblog%2Ftaranelson%2F2013%2F04%2F4_mind_over_money_strategies_to_manage_price_range_creep”>CLICK HERE</a>
Yes, it is a “Seller’s Market” in Boulder and most areas surrounding Boulder. Buyers do not have too much time to be too choosy if they want to succeed at purchasing that new home. If a Buyer delays, the home goes under contract that day, or shortly thereafter the Buyer’s first tour.
It is still important to remain objective, since in many cases, the Seller in this market is getting sloppy, and perhaps less interested in properly marketing their property. No matter what, it is still important to stay focused on key decision areas of a home, since they may be very important considerations.
Phoebe Chongchua provides her guideline of 5 key areas Click Here http://www.realtor.com/home-finance/real-estate/buyers/five-key-areas-to-pay-attention-to-when-buying-a-house.aspx?source=web/ And, the list provided are pretty key areas of a home that must be considered, or your Inspector will be considering key components of a house for you. Adding to the list under “Landscaping”, all good points, but what about the two cottonwood trees in the back yard, extremely difficult to access for trim or removal, and giant limbs extend over the neighbor’s roof line. This “cottonwood” property my buyer passed on, went under contract the next day.
