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Leveraging Your Home as a Potent Investment

Entering 2023, the air was thick with speculation about an impending recession that could potentially send the housing market into a tailspin. Some pundits went so far as to predict a significant plummet in home prices, with figures as alarming as 10-20% decline, likely leaving many prospective homebuyers feeling apprehensive.

However, reality had its own script: home prices surged beyond the ordinary. Brian D. Luke, Head of Commodities at S&P Dow Jones Indices, sheds light on the matter, stating, “Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”

To contextualize last year's remarkable growth, consider the graph below, which utilizes data from Freddie Mac to illustrate the yearly fluctuations in home prices since 1980. The dotted line represents the long-term average for appreciation.

[Graph depicting home price appreciation over time]

The resounding message? Home prices exhibit an upward trajectory almost consistently. As articulated in a Forbes article, “. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”

Since 1980, the only exception to this upward trend was during the housing market crash (highlighted in red in the graph above). Fortunately, the current market landscape is vastly different from that tumultuous period in 2008. Presently, there's a scarcity of available homes to meet the robust demand from buyers. Moreover, homeowners today possess substantial equity, placing them on much firmer ground compared to the precarious scenario of yesteryears. Consequently, the specter of mass foreclosures triggering price declines is significantly diminished.

The consistent appreciation of home values, with the exception of those tumultuous years, underscores the wisdom of investing in homeownership. By becoming a homeowner, you acquire an asset that tends to appreciate over time, thereby bolstering your net worth.

Let’s connectto talk about your goals and what’s available in our area.

4-29-2024

Is Multi-Generational Living Right for Your Family?

Have you ever considered the prospect of sharing a home with your grandparents, parents, or other cherished family members? If so, you're part of a growing trend. Many individuals and families are opting for multi-generational homes, where several generations can reside together under one roof. Let's explore the reasons why this lifestyle choice is gaining popularity and whether it could be a suitable option for you.

Why Multi-Generational Living?

According to insights from the National Association of Realtors (NAR), there are several compelling reasons why buyers are choosing multi-generational homes:(see graph below):

1. Supporting Aging Parents: A significant proportion of buyers (27%) opt for multi-generational living to provide easier care for their aging parents. Additionally, 19% choose this arrangement to spend more quality time with their elderly loved ones. Many seniors prefer to age in place, and living with family can facilitate this desire while ensuring they receive necessary support.

2. Financial Considerations: Multi-generational living can also offer financial benefits. Approximately 22% of buyers select these homes to reduce expenses, while 11% require a larger residence that multiple incomes can afford. Sharing costs such as the mortgage and utilities can make homeownership more attainable, particularly in today's competitive housing market.

As highlighted by Axios, financial concerns and caregiving needs are among the primary drivers prompting individuals to live with their parents or grandparents.

The Role of a Real Estate Agent

Finding the ideal multi-generational home requires careful consideration of various factors, including the preferences and requirements of all household members. It's akin to assembling a complex puzzle where every piece must align perfectly. To navigate this process effectively, partnering with a knowledgeable local real estate agent is invaluable. An experienced agent can provide guidance, identify suitable properties, and ensure that your family's needs are met.

In Conclusion

Whether you're motivated by financial savings or a desire to care for your loved ones, purchasing a multi-generational home could be a practical and fulfilling choice for your family. If you're interested in exploring this option further or seeking personalized advice, don't hesitate to reach out. Let's start a conversation about how multi-generational living could enhance your family's lifestyle and well-being.

4-26-2024

Navigating Mortgage Rate Trends: A Guide for Homebuyers

If you're contemplating the leap into homeownership, keeping tabs on mortgage rates is likely high on your priority list. Understanding how these rates affect your potential monthly payments can significantly influence your purchasing decisions. However, amidst the deluge of news headlines about fluctuating rates, deciphering the essential information can feel like searching for a needle in a haystack. Here's a concise guide to help you stay on top of mortgage rate trends without drowning in information overload.

Unraveling the Complexity of Mortgage Rates Mortgage rates are notorious for their volatility, fluctuating in response to a myriad of economic factors. From the broader economic landscape to the intricacies of inflation rates and decisions made by financial institutions like the Federal Reserve, numerous variables come into play. This intricate dance of economic indicators often leads to the rollercoaster ride of mortgage rate fluctuations we witness.

According to Odeta Kushi, Deputy Chief Economist at First American, factors such as ongoing inflation deceleration, economic slowdowns, and geopolitical uncertainties can drive mortgage rates lower. Conversely, data indicating potential inflationary pressures may push rates higher. Navigating this complex landscape requires a deep understanding of economic dynamics, making it a daunting task for the average homebuyer.

Seeking Guidance from Industry Professionals While delving into the intricacies of economic indicators may seem overwhelming, you don't have to navigate this terrain alone. Industry professionals, equipped with their expertise and insights, can serve as invaluable guides through the maze of mortgage rate trends. Whether it's providing succinct summaries of prevailing market conditions, forecasting future trends, or deciphering how these fluctuations impact individual homebuyers, their assistance can be indispensable.

Consider the illustrative chart below, demonstrating the correlation between mortgage rates and monthly payments:

This visual representation vividly depicts how even minor fluctuations in mortgage rates can significantly impact the affordability of your loan. With the guidance of a seasoned professional, you can leverage such tools to gain clarity on how prevailing market conditions translate into tangible financial implications for your homeownership journey.

Empowering Homebuyers with Knowledge In a landscape inundated with complexities, knowledge is power. While you may not possess expertise in real estate or financial markets, aligning yourself with professionals who do can provide you with a distinct advantage. By entrusting the guidance of experienced individuals, you can navigate the turbulent waters of mortgage rate trends with confidence and clarity.

Conclusion:

Charting Your Path to Homeownership Embarking on the journey to homeownership entails navigating numerous variables, with mortgage rates being a pivotal factor. Rather than grappling with the intricacies of economic indicators alone, leverage the expertise of industry professionals to steer you towards informed decisions. Together, we can decipher the ever-changing landscape of mortgage rate trends and chart a course tailored to your homeownership aspirations. Let's connect and explore how current market dynamics translate into personalized insights for your unique circumstances.

4-24-2024

Demystifying Home Prices: Separating Fact from Fear

Are you among the many concerned about the trajectory of home prices? With sensational headlines dominating media narratives, it's easy to get caught up in a whirlwind of anxiety. But let's take a step back and delve into the reality of the situation.

Dispelling Misconceptions

Jay Thompson, a Real Estate Industry Consultant, aptly points out the prevalence of sensationalized headlines in housing market news. Clickbait thrives on fear, often overshadowing the bigger picture. Amidst the cacophony of doom-laden predictions, it's crucial to discern the truth from the noise.

Analyzing the Data

Case-Shiller's monthly reports provide valuable insights into home price fluctuations. From January 2023 to the latest figures available, the data paints a revealing picture. While occasional dips may catch the eye, the predominant trend is one of growth. Green bars dominate the graph, indicating upward movement in home prices throughout the year.

a graph of green bars

Understanding the Context

Context is key when interpreting data. Seasonal fluctuations, such as the slowdown in winter, contribute to minor variations in home prices. Yet, even during these periods, the overarching trajectory remains positive. It's essential to view the data holistically rather than fixating on isolated downturns.

Expert Perspective

Case-Shiller underscores the resilience of the housing market, emphasizing the negligible impact of slight declines. Annual growth figures underscore the robustness of the market, with home prices consistently on the rise. When industry experts reassure us that fluctuations are within expected parameters, it alleviates unnecessary concern.

The Bottom Line

In essence, the data speaks for itself—home prices have steadily climbed over the past year. Rather than succumbing to fearmongering, let's focus on understanding the dynamics at play. If you seek clarity on home prices in your area, don't hesitate to reach out. Let's navigate the complexities together and make informed decisions about your housing journey.

4-22-2024

Navigating the Shift: Tracking Home Affordability Trends

In the realm of real estate, the topic of home affordability has been a consistent point of discussion, often with a narrative of its daunting challenges. However, amidst the fluctuations and uncertainties, there emerges a glimmer of optimism, hinting at a potential shift towards a more accessible housing market. Senior Economist at Redfin, Elijah de la Campa, notes a gradual ascent from the affordability abyss, signaling a trajectory that might favor prospective homeowners.

1. Mortgage Rates: The rollercoaster ride of mortgage rates has been a defining feature of recent times, with fluctuations spanning from the upper echelons to more subdued levels. Although current rates may seem daunting, they are notably lower than the peaks witnessed not long ago. Forecasts suggest a downward trajectory in the latter half of the year, potentially providing a more conducive environment for homebuyers. A modest reduction in rates could catalyze both buyer interest and seller participation, unlocking opportunities previously on hold.

2. Home Prices: While the trajectory of home prices appears to be an upward climb, projections indicate a moderation in this ascent. The increase in available inventory offers a glimmer of hope for those aspiring to enter the housing market. Unlike the frenzied spikes observed during the pandemic, forecasts now paint a picture of more tempered growth, offering a sigh of relief to prospective buyers.

3. Wages: A beacon of light in the affordability conundrum comes from the realm of wages. Data from the Federal Reserve illustrates a noteworthy trend of wage growth, surpassing conventional trajectories. This surge in income not only reflects economic resilience but also translates into enhanced purchasing power for individuals navigating the housing landscape.

In synthesis, the convergence of these factors paints a picture of cautious optimism for aspiring homeowners. Projected reductions in mortgage rates, coupled with a more tempered growth in home prices and bolstered by robust wage growth, collectively contribute to a more favorable environment for prospective buyers. While challenges persist, the evolving landscape offers glimpses of opportunity, beckoning individuals to navigate the shifting terrain of home affordability with measured optimism and strategic insight.

4-19-2024

The Equity Factor: A Deeper Look at Renting vs. Buying a Home

In today’s real estate landscape, the debate between renting and buying a home has intensified, fueled by reports suggesting that renting may offer a more financially favorable option. While the monthly payment disparity between renting and buying is evident, one critical aspect often overlooked is the potential for building equity. Let’s delve into why equity matters and how it can shape your housing decision.

Understanding the Numbers Behind the Headlines

Recent headlines have touted the affordability of renting compared to buying, citing data on median rental and mortgage payments. Indeed, for those seeking modest accommodations, renting appears to be the more budget-friendly choice. However, when considering homes with more bedrooms, the margin between median rent and mortgage payments narrows significantly. For instance, the difference between a two-bedroom rental and mortgage payment may be as little as $151 per month.

As the graph shows, especially if you’re not looking for a lot of space, it can be more affordable on a monthly basis to rent:

The Equity Advantage

What these comparisons fail to acknowledge is the transformative power of equity. While renting entails monthly payments solely covering housing expenses, buying a home represents an investment opportunity. With each mortgage payment, homeowners gradually build equity as they chip away at their loan balance. Moreover, as property values appreciate over time, homeowners benefit from additional equity growth.

A Closer Look at Equity Growth

To illustrate the substantial impact of equity, let’s consider projections from reputable sources like the Home Price Expectations Survey (HPES). According to HPES, home prices are anticipated to continue rising over the next five years. Suppose you purchase a $400,000 home this year and remain there for five years. Based on HPES projections, you could potentially accumulate over $83,000 in household wealth as your property appreciates.

Here's an example of how equity builds based on the projections from the HPES (see graph below):

Here’s how that stacks up compared to renting, using the overall median rent from above:

Comparing Renting and Buying

When juxtaposing renting and buying, it's crucial to weigh the long-term implications. While renting may offer short-term financial relief, the opportunity to gain equity presents a compelling argument for homeownership. By opting to rent, individuals risk missing out on the wealth-building potential of homeownership.

Tailoring Your Decision to Your Financial Situation

Ultimately, whether renting or buying is the better choice depends on individual financial circumstances. It's imperative to conduct a thorough assessment of your financial health and goals before making a decision. While homeownership may not be feasible for everyone, those who are financially prepared stand to benefit from the wealth-building opportunities it affords.

Conclusion

In the rent vs. buy dilemma, equity emerges as a decisive factor that tilts the scale in favor of homeownership. Beyond mere shelter, owning a home offers the prospect of building wealth over time. As you contemplate your housing options, consider the value of equity in shaping your long-term financial well-being. If you're ready to explore the path to homeownership, let's discuss your options and chart a course towards a more prosperous future.

4-17-2024

Capitalizing on Today’s Seller’s Market: Maximizing Your Profits

Considering putting your home on the market but uncertain about the timing? Here’s why now might be the perfect opportunity for you. Despite a slight increase in the number of homes available for sale this year, the demand continues to outstrip the supply, maintaining the seller’s market dynamics.

So, how does this benefit you? In simple terms, it translates to favorable conditions for sellers. Here’s the breakdown:

• A neutral market signifies a balance between supply and demand, where home prices generally remain steady due to an adequate inventory meeting buyer needs.
• A buyer’s market occurs when there are more homes listed than there are active buyers, granting buyers more leverage in negotiations. Sellers may need to adjust prices downwards to attract interest, a scenario rarely seen in recent years due to the scarcity of available homes.
• Conversely, a seller’s market, as we’re experiencing now, denotes a shortage of homes for sale. In such a scenario, buyers face heightened competition, often resulting in bidding wars. This increased demand typically drives up sale prices, benefiting sellers.

The graph below, sourced from the National Association of Realtors, illustrates the extent to which we are entrenched in a seller’s market:

What Does This Mean for You?

Rest assured, the market is still working in your favor. By leveraging the expertise of a seasoned agent to prepare your listing and set a competitive price, your property is likely to garner significant attention from eager buyers. Anticipate receiving multiple offers and achieving a swift sale at a premium price point. As highlighted in a recent article by Ramsey Solutions:

“A seller’s market arises when the demand for homes exceeds the available supply, a trend that persists today. If you’re contemplating selling your home, expect a quick sale at or near your asking price—provided it aligns with the current market realities.”

Bottom Line

The current housing market continues to favor sellers. If you’re contemplating selling your property, let’s connect to initiate your strategic moves and capitalize on this opportune moment.

4-15-2024

Homeward Bound Newsletter April 2024

The Giving it Back and Paying It Forward Real Estate Newsletter April is not just about the shift to warmer days; it's a time of rebirth and renewal, full of potential, making it an ideal period to pursue the purchase of your dream home. As the landscape transforms with vibrant flowers and lush greenery, consider how buying a home this spring could symbolize your own new beginning. The season is known for showcasing homes at their best—with manicured lawns, blooming gardens, and plentiful natural light—offering the perfect backdrop for open houses and neighborhood explorations. The spring market often sees a surge in listings, providing a variety of options for prospective buyers. Pleasant weather encourages sellers to present their properties in peak condition, increasing your chances of finding a home that meets all your desires, whether it’s a charming porch surrounded by wisteria or a spacious backyard ready for summer entertaining. Additionally, the timing is advantageous financially. The culmination of tax season often leaves buyers with refunds that can be put towards down payments or renovations, and with many businesses setting new fiscal year budgets, financial advisors are on hand to help ensure your investments flourish. The lively spirit of community events in April—from spring festivals to outdoor concerts—offers a unique opportunity to immerse yourself in the local culture and truly understand the vibe of potential neighborhoods. This period of new beginnings is an exhilarating time to make significant life decisions, paralleling the natural renewal seen all around. Let this April be the month you lay down roots in a new home, allowing the season's growth and renewal to reflect in your personal life and lead you to a space where new memories can thrive. IF YOU OR A FRIEND ARE THINKING ABOUT SELLING, MAKE SURE TO CHOOSE A REAL ESTATE COMPANY YOU CAN TRUST! AS YOU KNOW, WE LOVE MAKING GUARANTEES! Like our Buyer Satisfaction Guarantee: Love the home, or we’ll buy it back! Or our Seller Guarantee:Your Home Sold or We’ll Buy It!And we guarantee that a portion of our income WILL go to a very worthy cause like Give Kids The World Village! This year, we are on a mission to raise$10,000forGive Kids The World Village. We do this by donating to them a portion of our income from homes we sell.So, when you or anyone you buy or sells the place they call home with us,we deliver on our exclusive guarantees and award-winning service AND a very worthy cause benefits as well. Over the four decades of helping thousands and thousands of families sell or buy the place they call home, we have met so many wonderful, loving, caring people. We are so grateful. Thank you for reading over this months Homeward Bound, and thank you for referring anyone you know considering buying or selling to our team. They will be in good hands and a very worthy cause will benefit as well. Exceptional Reviews Speak for Our Excellence Our 5 Star Reviews Newsletter Headline: Give Kids The World Village is Making a Difference Today and for Tomorrow Give Kids The World Village is an 89-acre, whimsical nonprofit resort near Orlando that provides critically ill children and their families from your community and around the world with magical week-long wish vacations at no cost. From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation; accommodations; donated theme park tickets; all meals and snacks; nightly entertainment; daily gifts; and more. Who do you know considering buying or selling a home you could refer to our real estate sales team? Not only will they benefit from our award winning real estate service, a very worthy cause will benefit as well. We want to make it easy to refer your friends, neighbors, associates or family members considering making a move. Just contact and call us at 720-463-0002. A real estate company with experience, proven results and a give-back philosophy! Over the decades of helping families sell or buy the place they call home we have met some of the most wonderful, loving, caring people sharing the same Go Serve Big values we do! Refer your friends, neighbors, associates or family members considering making a move: 1. You can pass along our business card to them. We have enclosed a couple here for that purpose. 2. You can go tohttps://yourhomesoldguaranteedrealtyco.com/refer-a-friend.phpand enter their contact info online or forward the link to someone you know considering a move. 3. Of course you can always call us direct as well at 720-463-0002. Why we Support Give Kids The World Village We grew up going to Disney, Universal and SeaWorld in Orlando, FL. We were able to take our kids their time and time again while they were growing up as well. Little did we know right around the corner existed in 89-acre whimsical nonprofit resort providing critically ill children and their families from your community and around the world with Magical week-long wish vacations at no cost. We were introduced to kids The world by a fellow real estate broker who set up a business meeting at their facility. We watched as they made wishes possible at an accessible storybook home away from home, where the ice cream was as limitless as the opportunities for fun and adventure. We were so moved, we rallied everyone at our business to pull together and go all in in supporting Give Kids the World Village facility. From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation, accommodations, donated theme park ticket, all meals and snacks, nightly entertainment, daily gifts and more. Since 1986, Give Kids the World has welcomed more than 188,000 families from all 50 States and 76 countries to laugh together, play together and create priceless memories away from hospital stays and medical treatments. Our team are committed to providing outstanding results for our clients selling and buying the place they call home. We have discovered Give Kids the World Village shares similar commitments to the kids and families they serve, and since their services survive on sponsorships and donations, we are happy to donate a portion of our income to support them. We encourage you to visit their website at http://www.gktw.org and check out how they are making a difference in the lives of children and their families. Feel free to call us now at 720-463-0002.

4-15-2024

CATEGORIES: Newsletter

Considering Moving with Current Mortgage Rates?

In recent years, the volatility of mortgage rates has caused many home buyers to hesitate when it comes to moving. Perhaps you found yourself in this position, reluctant to sell your home and take on a potentially higher mortgage rate for your next property. However, with the current state of the market, it might be time to reassess whether this cautious approach is still the best strategy for you.

Data indicates that more homeowners are adjusting to the current rate environment and contemplating a move. Mark Zandi, Chief Economist at Moody’s Analytics, suggests that various life events and job changes are exerting pressure on homeowners who are locked into their current properties. Additionally, homeowners are realizing that mortgage rates are unlikely to return to the lows seen in previous years.

A recent study from Bank of America highlights some of the motivations driving homeowners to sell, even amidst the current rate environment.

What Would Prompt You to Move? Considering the factors motivating others to move, take a moment to reflect on what would make a move worthwhile for you. Is it an opportunity to pursue your dream job, even if it means relocating? Are you seeking a community with more amenities and a stronger sense of belonging? Perhaps you require more living space, crave a new adventure, or aim to invest in a property that offers rental income opportunities.

Furthermore, it's essential to consider the trajectory of mortgage rates. Although rates are currently stable, forecasts suggest they may decrease over the coming year. When this occurs, a surge of buyers is expected to enter the market, intensifying competition. Delaying your plans until rates drop may result in increased competition from these buyers.

Should You Move Now? Ultimately, the decision to move hinges on various factors, including current mortgage rates, future rate projections, and your personal motivations for relocating. Consulting with a real estate expert can provide valuable insight into these considerations.

In summary, while other homeowners are adapting to the current rate environment and choosing to move, it's crucial to evaluate what matters most to you and whether now is the right time for you to reenter the market. Let's discuss your priorities and determine if moving aligns with your goals.

4-10-2024

Why Overpricing Your House Can Cost You

In the bustling world of real estate, timing is often everything. As spring blooms and the housing market simmers with activity, sellers may be tempted to push the limits on their asking prices. However, while optimism is warranted in a seller's market, overpricing your house can carry significant consequences that extend beyond monetary concerns.

The Downside of Overpricing Your House

Your asking price serves as the initial handshake with potential buyers, a pivotal moment where impressions are formed and decisions are made. Setting it too high risks alienating interested parties, regardless of the market's favorability. In today's climate, where buyers are acutely aware of their financial constraints amidst soaring home prices and fluctuating mortgage rates, an inflated asking price can deter even the most eager purchasers.

Furthermore, overpricing often leads to prolonged listing periods, a scenario no seller wishes to endure. As days on the market accumulate, the perception of your property may shift from desirable to suspect in the eyes of discerning buyers. A price reduction, once considered a tactical maneuver, can now signal distress or inadequacy, deterring potential buyers and tarnishing the property's appeal.

Your Agent’s Role in Setting the Right Price

The key to a successful sale lies in strategic pricing, a task best entrusted to the expertise of seasoned real estate agents. Armed with market insights and an understanding of local dynamics, agents can navigate the nuances of pricing, ensuring your property is positioned competitively without sacrificing value. By leveraging data on comparable sales, property condition, and market trends, agents can pinpoint the sweet spot that maximizes profitability while attracting a pool of qualified buyers.

Bottom Line

While the temptation to aim high may be strong, prudent sellers recognize the perils of overpricing. By aligning with a knowledgeable agent and adopting a realistic pricing strategy, sellers can expedite the sales process, optimize profits, and cultivate a favorable impression among prospective buyers. In a market defined by opportunity and competition, the right price is not just a figure but a gateway to success in the realm of real estate.

4-8-2024

"Unlocking Your Spring Home Buying Potential with Newly Built Homes

Spring home buying presents both excitement and challenges. Limited inventory and affordability concerns often create hurdles for prospective buyers. However, amidst these obstacles, there lies a potential game-changer: newly built homes.

In your quest for the perfect home this spring, the options may seem limited, but fear not. Consider the untapped potential of newly constructed residences, offering a refreshing solution to your housing woes.

New Home Construction: Illuminating the Inventory Landscape

As you scour the market for your dream home, you're likely torn between existing properties and freshly minted constructions. While the supply of existing homes is gradually increasing, it still falls short of meeting demand. Enter newly built homes, a beacon of hope amidst the scarcity. Danielle Hale, Realtor.com's Chief Economist, underscores their significance:

"The shortage of existing homes for sale has opened up the possibility of new-home construction to more buyers who may not have once considered it."

And the numbers speak volumes. Recent data from the Census reveals a surge in both home starts and completions, indicative of an expanding array of options for discerning buyers. Whether you seek a move-in ready haven or crave the opportunity to shape your abode from inception, the current market favors your aspirations.

Builders' Incentives: Bridging Affordability Gaps

In the pursuit of homeownership, affordability often emerges as a stumbling block. Yet, builders are stepping up to the plate, offering enticing incentives to alleviate financial strain. Mortgage rate buy-downs and assorted perks are among the tools wielded to make your dream home a tangible reality. Mark Fleming, Chief Economist at First American, elucidates the rationale behind builders' generosity:

"Builders aren't rate locked-in. They would love to sell you the home because they're not living in it. It costs money not to sell the home."

Moreover, data from HousingWire underscores the prevalence of sales incentives, underscoring the buoyancy of this trend. With 60% of respondents reporting their utilization, the momentum is palpable, promising a smoother path to homeownership.

Partnering for Success: Navigating the New-Home Terrain

Buying from a builder entails nuances distinct from traditional home purchases, necessitating expert guidance. Entrust your journey to a seasoned local real estate agent, your beacon in navigating the complexities of builder contracts. From scrutinizing construction quality to securing favorable terms, their expertise ensures a seamless transaction.

In Conclusion

Amidst the challenges of today's housing market, newly built homes emerge as a beacon of promise. If the quest for your ideal home feels like an uphill battle, consider the untapped potential of new constructions. Reach out today, and let's explore how newly built homes can unlock your spring home buying potential.

4-5-2024

April 2024 Newsletter

We work hard for our money, so it should work hard for us, right? In today’s Service For Life!®Free consumer newsletter, you’ll learn three low-risk ways to make your money work for you and see your bank account grow. You’ll also learn about drug delivery services, and tips to keeping your days organized – and lots more. Finally, I want you to knowthat you may call me for any reason. And please let me know if a friend, family member or neighbor needs a caring, competent real estate professional to help in buying or selling. I truly appreciate your friendship and referrals. Enjoy your issue! Warmest regards, Bill Watson President | Managing Broker Your Home Sold Guaranteed Realty - The Watson Group 6155 S Main Street, Suite 270 Aurora, CO 80016 720-463-0002 bill@watsonrg.com www.yourhomesoldguaranteedrealtyco.com P.S.When you notice people talking about real estate in the next few weeks, can you tell them about the free consumer information I provide? They may be people getting married soon and looking to buy their first home, and you can tell them about my Free Consumer Report: “Top 10 First-Time Homebuyer Mistakes To Avoid.” You’ll be helping them start marriage off by avoiding costly mistakes when buying and financing their home. You can call me at 720-463-0002 to request a copy. Your Home Sold Guaranteed Realty - The Watson GroupWins Prestigious Five Star Professional Customer Service Award SELL YOUR HOME FAST and for TOP DOLLAR! Get this FREE Report that Reveals 27 Tips to Give You the Competitive Edge!www.Our27Tips.com Our 27 Tips Make Your Money Work For You Saving money for a rainy day, retirement, a home improvement project, or a bucket list trip — regardless of what you’re saving for, the main thing is that you keep as much of your hard-earned money as possible. So how do you maximize your earnings and have your money work even harder for you, without the risk of gambling on the stock market? One of the easiest ways to boost your savings account is to make an automatic contribution. Talk with your bank representative about taking either a set amount or a percentage of each deposit and automatically depositing it daily, weekly, or monthly into your savings account. Some banks also offer an option to automatically transfer a dollar amount for each transaction into a savings account. For example, Wells Fargo has a program that automatically transfers $1 from your checking account into your Way2Save Savings account each time you use your debit card for a one-time purchase or pay a bill through online banking. Ask your preferred bank what options they have. Speaking of savings accounts, check with your bank to see if they offer an option for a high-yield savings account, or find one through an online bank. What’s the difference? While a typical savings account has an annual percentage yield (APY) of less than 1% of the account balance, a high-yield savings account’s APY can be in excess of 5%, which turns into a lot more money. For example, say you have $2,000 in your savings account and your run-of-the-mill savings account has an APY of 0.19%, you will have an annual return of $3.80; a high-yield savings account with an APY of 5.5% will return $110 a year (compounded monthly). A CD— no, not the music kind, but a certificate of deposit — is another way to earn higher interest without any risk. Decide how much money you can easily stash away for a set period of time. When you make your deposit, the interest rate is set and will not fluctuate for the duration of your investment. With current high rates, this could mean great savings for you, and you can’t withdraw for the term of the CD so that keeps temptation to spend at bay. Learn How To Maximize The Value Of Your Home Did you know there’s a free consumer report showing what to fix to net the most value for your home? It’s called “Make Your Home Show Like A Model Without Breaking The Bank” and it’s an essential guide to homeowner profits. Simply call me to get a free copy 720-463-0002 AT MURPHY CREEK Elevations at Murphy Creek - The Turnberry Collection by Montano Homes now featuring 3 AND 4 bedroom, Colorado Contemporary Paired Homes. Murphy Creek is a centrally located master planned community with easy access to DIA as well as shopping and fine dining at Southlands Mall. The Murphy Creek Golf Course is a links style and is one of the finest in the state. Elevations at Murphy Creek by Montano Homes will be the perfect place to call home! 1249 S. Algonquian Street, Aurora, CO Available Homes See What Our Amazing Fans Have to Say Visitwww.OurAmazingFans.com Our 5 Star Reviews Drug Stores That Make Home Visits When you are sick or not feeling well, the last thing you want to do is run errands. And when the doctor writes a prescription, the idea of sitting in a pharmacy waiting area until it’s filled is not appealing whatsoever. Luckily there is a new option when it comes to filling prescriptions — drug delivery services. In addition to national drug store chains like CVS, Rite Aid, and Walgreens, online drug stores provide delivery service right to your home.Here are three services to consider: Pharmacy.Amazon.com: It’s probably not surprising that Amazon has its own online pharmacy; it launched in 2020 and is available for Amazon Prime members. What may be surprising is that it can help save you money: compare medicine costs using your insurance co-pay, without insurance and using a Prime Discount to find the least expensive option. Free home delivery, Amazon Prime $14.99/month. CostPlusDrugs.com: This online pharmacy provides lower prices on generic drugs only. You might not be able to use your insurance or Medicare on this site, but the savings could be well worth cash pay if not. Cost: medication cost, plus shipping and taxes. Capsule.com: This online pharmacy coordinates with your doctor and old pharmacy to transfer prescriptionsthe same day and deliver when you need it.Capsule tracks refills, too, so you will never go without your prescription. Free home delivery. Find out the value of your home by answering a few simple questions. By providing your address and home description, the system will produce a complete market analysis through a search for similar homes sold and listed in your area. Online Home Evaluation An Organized Life Albert Einstein may have said, “Organized people are just too lazy to go looking for what they want,” but I’ll take it. Being organized at home, work and in our everyday lives can free up so much time, and energy! Here are some small ways we can keep ourselves organized every day. Designate a space for your house keys, wallet and phone so you can always find them when dashing out the door. Place a small recycling bin or basket where you open your mail. Toss anything you don’t need into the bin so it’s ready to be put out on your next recycling day. Turn off smartphone notifications to keep from distractions throughout the day. When it’s laundry day, fold and put away your clothes and linens right away. An oldie but a goodie: create a to-do list each morning (or the night before) so you know what to tackle each day. Not Ready to Sell?Text your address to 720-605-1268to find out what your home will sell for today. You will not receive a phone call, just a text! Contact Us A Heartfelt Message to our Special Clients and Friends . . . It is our pleasure to extend a warm welcome to all of the new clients I have had the honor of working with recently, and also offer special thanks to those who referred them. Our business would not be where it is today without your help! Recently Sold Properties by The Watson Group Whispering Pines Soldfor$712,500! Heritage Village Soldfor$745,000! Tollgate Village Soldfor$415,000! Settlers Village Soldfor$528,000! Whispering Pines Soldfor$658,000! Saddle Rock Vistas Soldfor$688,990! River Run Soldfor$560,000! Murphy Creek Soldfor$477,990! Murphy Creek Soldfor$522,490! Murphy Creek Soldfor$985,000! Your Home Sold Guaranteed or We'll Buy It!* Real Estate Corner… Q:What's the purpose of a home inspection? A: A home inspection is performed after the buyer and seller have entered into a written contract. It’s a review of the home’s condition, including the heating system, attic, foundation, and a mold review. The point is to identify any area of the home that needs replacement or repair. You’ll use the report to set the final price of your purchase. You may choose to buy the house and make the repairs, or you may walk away from the property if the costs would be too high for your budget and the sellers refuse to lower the price or make the repairs. You can get your earnest money back provided your contract has a “sale contingent on inspection” clause. You’ll also need to get an appraisal, which serves to assess a value to the property. You need to know that the property you’ve selected will appraise at or above the amount you’ve contracted to pay for it. Want to learn more? Ask for my Free Consumer Report called“Top 10 First-Time Homebuyer Mistakes To Avoid.”I’ll send a copy right to you. Doyou have a real estate question you want answered? Feel free to call me at 720-463-0002. Perhaps I’ll feature it in my next issue! Get Pre-Approved Now!

4-3-2024

CATEGORIES: Newsletter

Unlock the Potential of Your Home Sale: The Optimal Listing Week Approaches

Are you contemplating a move? If so, the timing couldn't be more opportune. Experts reveal that the prime week for listing your property is on the horizon.

A recent study conducted by Realtor.com scrutinized housing market dynamics spanning several years (excluding 2020 due to its exceptional nature) and pinpointed the optimal week for showcasing your home this year: April 14-20.

"Every year, a singular week emerges as the pinnacle moment for home sellers. In 2024, the window of April 14–20 shines brightest, promising abundant interest, swift sales, and augmented returns for sellers, as per Realtor.com® data."

Here's why this revelation holds significance for you. While selling during the spring market is generally advantageous, this particular timeframe might offer unparalleled benefits. If you've been procrastinating on your plans, awaiting the perfect moment to take action, this could be the decisive push you've been seeking. Hannah Jones, Senior Economic Research Analyst at Realtor.com, elaborates:

"The third week of April presents an optimal convergence of housing market conditions for sellers. It encompasses heightened buyer demand, reduced competition from fellow sellers, and fewer price adjustments compared to the norm."

However, to seize this opportunity, swift action coupled with expert guidance is imperative. Your local real estate agent stands ready to assist in formulating a strategic plan to prep your home and propel it onto the market.

They possess the insight to strike a balance between your desired listing date and the requisite repairs or renovations. Moreover, they can delineate a prioritized checklist to streamline your efforts.

For instance, if your property is already in commendable condition, you can allocate resources toward minor enhancements that yield substantial impact. As noted in an Investopedia article:

"With limited time available, focus on swift repairs to rectify any potential deterrents for prospective buyers."

Consider the following examples from the same source:

• Addressing minor cosmetic imperfections
• Ensuring optimal curb appeal
• Tending to essential maintenance tasks

Remember, even if you're not poised to list within the upcoming weeks, there's no cause for alarm. The window of opportunity remains open well beyond this timeframe. Spring continues to reign as the peak homebuying season, ensuring sellers retain leverage throughout.

In essence, are you prepared to kickstart the process? Let's establish a connection and arrange a consultation to map out your next steps.

4-1-2024