Sprawling 5-bedroom ranch-style home at 308 Park Place Drive in Fort Collins on a large lot with no HOA! Your new home in south Fort Collins presents a main level with all featured bedrooms, two baths, kitchen and separate dining and living room with wood-burning fireplace. The mostly finished basement boasts a rec room with a second fireplace, flex space, and lots of storage. Whether you enjoy the home with its vintage finishes – or update to your own taste – this gem has so much potential as it is, and as it can be. Large back yard and covered patio for relaxing or entertaining. Brand new furnace, AC, and roof! A great home, in a great location at a great value! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.
Thanks to COVID-19, the new reality is that many open houses and home tours are being conducted virtually. For prospective home buyers, this new territory brings an added element to prepare for in the home buying process. Some of the questions that should be asked in a virtual home tour parallel those of in-person tours, but others are unique to today’s virtual world.
Could you zoom in?
- Sometimes it can be difficult to get a true glimpse at what you want to see in a room. Asking the agent to zoom in on specific features is commonplace in virtual home tours, and they understand this is part of the viewer experience. Don’t hesitate to ask multiple times. Getting a better look at everything you want to see will help you feel like you’ve gotten the most out of your virtual tour.
How many square feet are in this room?
- Virtual tours can slightly distort space, making it tough to gauge the size. The room-to-room square footage is information the agent is sure to have handy. Since you can’t be there in person, it will help you piece together the virtual visuals with the sense of physical space that we’re all accustomed to feeling in the places we live.
What color is that?
- In the smartphone era, and computer era at large, we have come to understand that digital representations of color are not always true to the eye. Ask the agent to confirm specific colors so you can plan accordingly. Have a color swatch on hand or look the colors up online as you go through the tour.
When were the appliances last updated?
- The importance of this question rings true in past, present, and future. Knowing the state of the home’s appliances, and the likelihood and timing of when they will need replacement, is vital information for both assessing the move-in readiness of the home and understanding what costs might lie ahead.
Has the seller provided an inspection?
- This is another example of a critical question, whether your home tour is virtual or physical. If the seller has already done an inspection, ask the agent to lead you to any areas of concern based on the inspector’s findings. If there is anything that has not yet been addressed by the seller, have your agent ask what their plan is for making the necessary repairs/updates.
When is the offer review date?
- Understanding the seller’s timeline for reviewing and accepting offers will help guide your decision-making process and allow you to strategize based on the timeline.
Whether your home tour is physical or virtual, getting the information you need to make an informed decision remains paramount. Although there is no substitute for physically being in the home you are looking to buy, keeping these questions in mind will position you well as you progress through the home buying journey.
We’ve been waiting for June to catch up. It finally happened (almost).
Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.
Bottom line, fewer properties going under contract in April caused fewer closings 30 to 45 days later.
Closed properties in May were down compared to 2019 by 44% in Northern Colorado and 43% in Metro Denver.
Then activity jumped significantly in May. The number of properties going under contract was way up compared to last year.
We’ve been wondering when we would see this sales activity reflected in the number of closed properties.
Well, it finally happened (almost).
The number of closings so far in June compared to the same time period through June of 2019 is only down 1.8% in Northern Colorado and 1.6% in Metro Denver.
In both markets, there are only a handful of closings separating activity in June 2020 versus June 2019.
By the end of the month, when all the transactions are tallied up, we expect that June of this year will out pace June of last year in terms of number of transactions.
This is significant not only because of COVID-19, but also because of the reduced inventory compared to last year. Quite simply, there are fewer homes to buy.
All of this speaks to the health and resiliency of the Front Range market.
Terrific 4 bedroom home at 4966 Dakota Drive in Fort Collins on a corner lot in the popular Harmony Crossing neighborhood! Your new home features an open floor plan with high, vaulted ceilings and a super functional floor plan. The large kitchen with wood floors boasts plenty of counter space, cabinetry, and pantry. Upstairs, you’ll find three nice-sized bedrooms, including a sprawling master suite. The finished basement presents a rec room, 4th bedroom, and storage. Relax or entertain in the large backyard with mature landscape and enhanced feature sprinkler system. Super close to bike trails, restaurants, schools, entertainment, and medical care. Quick access to I-25. This great home is an awesome value and move-in ready! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.
Fantastic 5-bedroom ranch-style home at 5806 Calgary Street in the coveted Summerfields at Timnath Ranch neighborhood! Boasting custom hardwood floors throughout the main level, your new home features exquisite taste. From the sprawling kitchen with granite, stainless steel appliances, pantry & tons of storage, to the wide-open great room with vaulted ceilings and gas fireplace, this home, in this condition, is a rare find. Much of the basement is finished, adding a rec room, two huge bedrooms, & bath while preserving plenty of unfinished storage space or room for future expansion. The classy covered patio, outdoor gas fireplace and mature landscaping create a wonderful outdoor haven in which to relax & entertain. Oversized two-car garage. Just a short distance from one of Northern Colorado’s highest rated neighborhood pools & clubhouses. Poudre School District’s Bethke Elementary is the neighborhood school! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.
Fabulous 5-bedroom home at 4743 Withers Drive in Fort Collins on the water in popular Clydesdale Park! Starting with the front entry waterfall feature, this home displays the highest quality finishes inside and out. This craftsman-style retreat features tiger wood floors on both the main and upper levels. The chef’s kitchen boasts beautiful countertops, custom tile, plenty of storage and large dining area. Sprawling great room with vaulted ceiling and stone fireplace. Main level office or second dining area. Spacious work-out room. Upstairs features three large bedrooms, including a huge master suite with deck overlooking water and a view of snowcap mountains. Top quality extends to the basement with wet bar, entertainment area, rec space, two bedrooms, bath and storage. Beautifully landscaped back yard abutting the pond with large fountain. Oversized 3-car garage. The advanced leak detection alarm system, and a 14-month home warranty is sure to bring extra peace of mind to the new owner of this wonderful property! Call for your private showing at (970) 237-2752 or click the link below for more details.
Here’s something true about today’s market. Properties are selling fast.
Compared to one year ago, the number of days it takes for a property to sell is significantly lower.
The industry term is “Days on Market” or DOM.
DOM is way down.
Here is the comparison of May 2020 versus May 2019:
- Metro Denver down 22%
- Larimer County down 19%
- Weld County down 16%
Initially, this may seem counter-intuitive. How could homes be selling faster in today’s environment?
Here’s the deal. The buyers and sellers who are active in today’s market are serious.
There really aren’t ‘tire-kicker’ buyers out looking at properties just for the fun of it.
There really aren’t sellers testing the market to ‘see what they can get.’
For the most part, buyers and sellers are on a specific mission and this mindset is showing up in the numbers.
For sellers especially, this is no time to test the market and be overly aggressive on price.
Properties that are priced right and in good condition are selling and often selling fast.
Money is on sale (again).
30-year mortgage rates now sit at 3.3%.
This is less than half of the long-term, 40-year average.
This is also almost a full percentage point lower than they were one year ago (which was still very low).
Let’s put this in real numbers.
A $300,000 loan at today’s rates has a $1,313 monthly principal and interest payment.
One year ago, that same loan would be $1,432 per month.
That’s a 8.3% difference in monthly payment.
The fact that money is on sale is one of many reasons that the housing market remains very strong right now.
Fantastic ranch-style home at 2601 Empire Avenue in Loveland’s popular Park Hill neighborhood! Featuring a super functional floor plan, your new home boasts a spacious kitchen, separate dining area, and a wood-burning fireplace in the living room. The fully finished basement adds plenty of elbow room and a wet bar! Relax or entertain in the mature fully landscaped backyard. Newer exterior paint and fencing. Brand new roof installed before closing. Just a short jaunt to Lake Loveland, North Lake Park, golfing, shopping, and everything this amazing community has to offer. No HOA!! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.