Selling

Found 11 blog entries about Selling.

Early 2020 through early 2022 saw two of the busiest and unsustainable years of real estate activity ever recorded in Colorado and the nation. All-time low mortgage rates, population migration, and lifestyle changes drove unprecedented real estate sales volume and home value appreciation.

On January 6th of 2022, the year opened with interest rates at a historic low of 3.22%. The floodgates of buyers were thrown open and as many of you may have heard from friends and family who were making a move, the market moved at a lightning pace with homes flying off the shelf at above list price—in fact in April of 2022, 78% of all properties sold for more than the seller’s asking price, the highest percentage on record.

My fellow realtor friends and I knew

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Every year I post a blog on “Bang for your Buck” remodeling ideas. It’s a way to add value to the homeowner and the truth is most folks I know are tinkering with some home project, for one reason or another. The report, Key Trends in the 2021 Cost vs. Value Report is a good resource, targeted per region in the US. It comes out every year.

The report’s goal is to give homeowners objective reporting on how much it costs for a professional (not DIY) to complete a project and then how much real estate professionals believe the project will increase a home’s value if it is sold within a year of project completion. The report calculates bang for your buck by dividing the project’s value into its cost.

According to the 2021 Cost vs. Value Report

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Lindsey Friedman - Realtor - Colorado Home Realty

It is hard to fathom that 15 days after the Bomb Cyclone, it’s time to tend to the yard. We’ve had so much snow this winter season I am hoping that once every white patch is gone my brown grass of winter will soon become a deep green. Time to unwrap the agaves and see if they took a healthy winter nap!

There are a few things we all can do to get our growing spaces and home prepped for summer without feeling counterproductive should a storm come our way. Besides, it’s a way to enjoy the great outdoors since ski season is almost over. Here’s some tips:

Remove all protective coverings and winter mulch.

Any covers placed on young shrubs or trees during the winter should be removed this month and all winter mulch around plants should be removed.

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Lindsey Friedman - Realtor - Colorado Home Realty

I am suffering from a bit of post-remodel stress disorder this year. We moved into our newly renovated home in April of 2018 and there are still things to be done. Unlike the typical HGTV fixer upper show, we were over budget and did not finish the master suite. That’s an upcoming fall project.

 Every year I post a blog on “Bang for your Buck” remodeling ideas. It’s a way to add value to the homeowner and the truth is most folks I know are tinkering with some home project, for one reason or another. The report, Key Trends in the 2019 Cost vs. Value Report is a good resource, targeted per region in the US. It comes out every year.

The report’s goal is to give homeowners objective reporting on how much it costs for a professional (not DIY) to

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Lindsey Friedman - Realtor - Colorado Home Realty

A home is much more than just a place to hang your hat. A home should be a space that “sparks joy” (if you have not read The Japanese Art of Tidying Up, by Marie Kondo, I highly recommend!) and works for you financially by building equity. Recently, I helped a couple (25 years old) purchase a condo. Whether renting or owning, all the neighbors pay similar housing costs to be in a place they enjoy. A key acknowledgement they made was that as owners, their monthly payments are working for them, helping them gain financial stability at a very young age. Renters payments are going straight into a landlord’s pocket instead.

We all need a place to live and paying housing costs are inevitable. If you can qualify for a loan and put some money down,

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Lindsey Friedman - Realtor - Colorado Home Realty

As we end the summer season I hear rumblings from folks that the market is “cooling off.”

There is definitely a seasonality to residential real estate. It’s also true that there are both myths and realities that the data supports in connection with this seasonality.

 

One myth is that most resale home transactions occur during the first half of the year. The graphs below tell differently. 

  • On average, the distribution of closings per quarter is 19%, 29%, 29% and 23% over the last six years.
  • Most sales occur in the 2nd and 3rd quarters – 58% of all closings occur in this six-month period.
  • More sales occur in the last half of the year than in the first half of the year – 52% in July through December versus 48% in January through
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Lindsey Friedman - Realtor - Colorado Home Realty

For the past few years, I’ve decided to post this blog on bang for your buck remodeling. It’s a way to add value to the homeowner and most folks I know are tinkering with some home project, for one reason or another. The report, Key Trends in the 2018 Cost vs. Value Report is a good resource, targeted per region in the US. It comes out every year.

The report’s goal is to give homeowners objective reporting on how much it costs for a professional (not DIY) to complete a project and then how much real estate professionals believe the project will increase a home’s value if it is sold within a year of project completion. The report calculates bang for your buck by dividing the project’s value into its cost. It also compares projects that yielded great

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Sometimes, I’m a little embarrassed of my comrades in real estate. Okay, I’d go so far as to say that a handful of times, I’m completely astounded (note, negative connotation) by how realtors poorly prepare and market properties and even more so how sellers don’t demand better. Perhaps it could be that sellers just don’t know what expectations to hold for their realtor. Let’s just put it out there—a realtor listing a property typically does so for around a 3.2% professional fee (commission). On a $500K listing, that’s $16,000—that’s a lot of money! If you ask me, the listing agent should earn it, every time, regardless of the home price, and doing so, they might earn you a bit more money on your sale as well!

So, what should your realtor be doing

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More often than not, when one of my clients has a tight schedule and can only go see properties after daytime work hours M-F, I will preview a home to see if it’s even worth a client visit. As I was out previewing once I entered a home after finagling with the door lock for some time. The home was dark, disheveled, and moldy.

I was immediately drawn to an oversized lit up aquarium with a green glow in the front living room. Upon closer look, I noticed an unusually large sucker fish floating upside down on the surface, dead. Suffice it to say this was not the welcome that makes most buyers say, “This is it!”

Buyers want to envision what the space will look like with their belongings, not the items of the previous owner, especially dead fish.

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You can find out how to cover a text book using a grocery paper sack on YouTube (yes, my children’s school still requires text book covering), you can choose your next haircut off of Pinterest, and yes, you can estimate what your house might sell for on the open market using Zillow. The Internet has really dulled our problem solving skills over the last decade and now we can find an answer to just about anything using it. I love it when I’ve inexcusably forgotten the name of one of my favorite characters on Modern Family and voila! I’m smart again.

What does Zillow do for the home shopper/seller? I’m probably preaching to the choir, but It provides instant details related to any home, including your own, or gives you a list of homes for sale in a

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