Buyers & Sellers

Buyers & Sellers Mis-Led The most misleading stat about the housing market is increase in inventory. The number of properties for sale is up significantly compared to last year.  In most locations along the Front Range, inventory has doubled.This is obviously great news for buyers because they now have more choice.This is obviously meaningful for sellers because they now have […]
Buyers & Sellers Bargaining Power Buyers (finally) have more bargaining power.  For many, many months sellers had the distinct upper-hand and commanded above-list price offers.  Bidding wars were the norm.  Buyers had virtually no negotiating power.The numbers show that the dynamic has absolutely changed.The ratio of the final sales price to the list price is now at 98.1%. Meaning homes […]
Buyers & Sellers How to Handle Asbestos in Your Home Throughout the mid twentieth century, asbestos was commonly used throughout the homebuilding process. It was typically used as insulation, but would also pop up in vinyl flooring, cement siding, walls, pipes—you name it. After it was discovered that inhaling asbestos fibers has serious health effects, its domestic production slowed, and legislation was put forth to […]
Blog The Importance of Homeowners Insurance In addition to providing shelter and comfort, our home is often our single greatest asset, and it’s important that we protect that precious investment. Most homeowners realize the importance of homeowners insurance in safeguarding the value of a home. However, what they may not know is that about two-thirds of all homeowners are under-insured. What a […]
Buyers & Sellers Halfway Check This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading. Here is a check on the market halfway through October. Compared to last October… Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  This […]
Buyers & Sellers Toward Balance Our market is moving toward a balanced market, but it is still unbalanced. By definition, a balanced market has between 4 and 6 months of inventory for sale. Today there is essentially two months.  One year ago, there was only 3 weeks of inventory. It has actually been 16 years since the market has been […]
Buyers & Sellers Moving Checklist: A Step-by-Step Guide to the Moving Process Once you and your agent work through the process of selling your home, there comes a point when it’s time to switch gears and get ready to move. It can be difficult to juggle the various steps of the moving process, especially if you’re Buying and Selling a Home at the Same Time. Using a […]
Buyers & Sellers Price Peek Here is a peek at average residential prices along the Front Range through the first half of September and how they have changed versus one year ago: Larimer County = $663,000 up 11.6% Weld County = $511,000 up 4.5% Boulder County = $1,165,000 up 17% Metro Denver = $668,000 up 9%
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Buyers & Sellers Under 100 For the first time in a long time, the sale to list price ratio is below 100%. This statistic measures the final sales price versus the listing price. During the super-active market of the last 24 months, this number averaged over 100%. This was a result of multiple offers and bidding wars which caused buyers […]
Buyers & Sellers New Rankings The latest Home Price Index report has just been released by the Federal Housing Finance Authority. They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation.   Here is the ranking of the top three states for price growth over the last twelve months: Florida = 29% […]
Buyers & Sellers What Gives? “I thought the market was cooling off, so why are prices still going up?” This is a frequent question we hear from our clients. They are understandably confused by the fact that average prices have continued to rise at a rapid pace even though sales activity is slower than what it was 6 months ago. […]
Buyers & Sellers Setting Up Your Home Gym With home gyms popping up left and right in recent years, many homeowners have realized the benefits of working out at home. Setting up a home gym is physically beneficial and gives purpose to empty space. In comparison to a gym membership, even with the upfront investment of purchasing equipment, a home gym can deliver […]
Buyers & Sellers Wonder what a recession would mean for real estate? Our clients wonder what a recession would mean for the real estate market. Many assume it would translate into a downturn in prices. Some even worry that it would cause values to come crashing down. We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market. […]
Buyers & Sellers Asking Price Drop Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
Buyers & Sellers Weeks to Months For the first time in almost two years, there is more than a month’s worth of inventory on the market. This means that at the current pace of sales, it would take more than a month to sell all of the homes currently for sale. This is certainly welcome news for buyers who have been […]
Buyers & Sellers 5 Tips for Cutting the Cord: Switching from Cable to Subscription TV “Cutting the cord” can mean something different in every household. For some, it’s a complete abandonment of cable TV and the fees that come with it, while in another household it may be a mix of cable- and subscription-based programming. Regardless of where you are in the spectrum, it’s worth it to audit your household’s […]
Buyers & Sellers What We Notice Here is what we notice about the market right now: Listings are receiving fewer offers compared to 60 days ago – instead of 10 offers, a listing might have 2. There are now several instances of a listing only having one offer. Sellers who were overly-aggressive with their list price have to quickly reduce in […]
Buyers & Sellers 10 Steps to Get Your Home Clean and Ready for Spring Warmer months are ahead, so now is the time to plan for spring cleaning and maintenance. A clean home offers a fresh start for the year, and a checklist of tasks guides your efforts towards efficiency. For many homeowners, spring cleaning can be a personal challenge. It can also be one accomplished with the help […]
Buyers & Sellers Expert Opinion This week, take a listen to Matthew Gardner, Windermere’s Chief Economist as he discusses the current state of the housing market.​​​​​​​ He takes a deep dive into interest rates, price appreciation and where the market is headed. You can watch his video HERE
Buyers & Sellers Common Real Estate Contingencies Contingencies help to spell out the specifics of a real estate transaction by dictating what must happen so the contract becomes legally binding. If certain conditions aren’t met, the applicable contingency gives the buyer and the seller the right to back out of the contract per their agreed-upon terms. When selling your home, a buyer […]