Monthly Archives: April 2012

Get the best price for your home, fast

The condition and appearance of your home are critical factors in getting the best price for your home. As part of my listing services, I will pay for a professional stager to walk through your home with you and advise you of what you can do to properly stage your home most effectively. Some areas are much more important and more likely to pay off than others! Often, the buyer is motivated by emotional responses as much or more than financial issues. There are usually things I can point out to you that are easy and inexpensive, yet go a long way toward triggering those “buy” emotions.

As your agent, I’ll negotiate furiously on your behalf throughout the entire process to ensure that your best interests are protected. Real estate negotiations and contracts can be intimidating in their complexity. Most people have almost no experience in these negotiations. After all, how often do you buy or sell a new house? As a top real estate professional, getting you the best terms and prices in all negotiations is simply part of my job.

 

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What I’ve experienced in this hot spring market…

Hello and thank you for finding my blog!

I hope you have been well and enjoying the spring weather. I ran across this interesting blurb about the housing market along the Front Range of Colorado and thought I would share this great news with you. What I have experienced in this spring rush is the current market is “red hot” and I feel it’s a great time for both buyers and sellers. The inventory levels of homes for buyers to choose from are very low and I’m receiving multiple offers on homes that I have listed and the interest rates for buyers are still phenomenal floating around 4.0%.

Please click on this link and enjoy the good news.

http://www.9news.com/news/article/264058/339/Denver-2nd-hottest-housing-market-in-the-US

If you are considering purchasing a home or selling your existing home please call me. We can discuss the current market conditions and if it makes sense to make a move. Thank you for your attention and look forward to speaking to you. Have a great spring.

Garry Callis

Broker/Owner

Legacy Real Estate Group

Cell/Text: 303-257-4725

Office: 303-682-9299/888-919-TEAM

garry@legacyrealtor.net

Visit our website at www.LegacyRealtor.net

Different vibe at different times of day

Need-to-Knows Before You Move Into the Neighborhood-

Different vibe at different times of day

A home, and a neighborhood, might feel different at various times and days, so visit several times and vary when you go. On sunny Sunday afternoon you might hear birds singing and see children playing, but at night you could notice graffiti or music blasting from a nearby home. Also, knock on neighbor’s doors and see what insider info they can share.

Denver: 2nd hottest housing market in the U.S. | 9news.com

Denver: 2nd hottest housing market in the U.S. | 9news.com.

DENVER – In the last six weeks, realtors say the Denver metro area has gone from a sellers’ market to a buyers’ market.

The National Association of Realtors shows Denver-area listed homes are on the market an average of 33 days before being sold. That’s the second hottest market in the country, right behind Oakland, Calif.

“Homes between $200,000 and $300,000 are selling very quickly,” said Re/Max Cherry Creek Realtor Marcy Eastman.

Realtors say homes over $500,000 are not usually enjoying the same quick turn around. But Eastman says certain Denver neighborhoods are finding higher priced homes selling faster – like Washington Park.

(KUSA-TV © 2012 Multimedia Holdings Corporation)

Cash buyers in the market

All-cash transactions are becoming the common way for investors to buy investment and vacation homes with roughly half of all investment buyers paying cash in 2011 and 42 percent of vacation home buyers paying cash. Dr. Yun points to tight credit conditions for the decline in owner-occupant purchases.

Half of all investment home purchases in 2011 were distressed homes, as were 39 percent of vacation homes. The median investment home price in 2011 was $100,000, up 6.4 percent over the year, while the median vacation home price was $121,300, down 19.1 percent.

“Clearly we’re looking at investors with financial resources who see real estate as a good investment and who aren’t hesitant to use cash,” Dr. Yun said.

Dr. Yun also pointed out that for investment and vacation home buyers that used mortgage financing, the median downpayment was 27 percent in 2011.

How recession-resistant it is that home you’re looking at?

How recession-resistant it is that home you’re looking at?

Let’s face facts: some locations have fared better than others over the course of the recession. And some of the hardest-hit neighborhoods are where the best deals are to be found. But know that the harder-hit areas might take longer to see an uptick in home values, so you may want to stay put longer before you sell.

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Investment, vacation home purchases spike dramatically – AGBeat

Buyer survey results are in

Investors to absorb foreclosures hitting market

Cash buyers in the market

Buyer demographics

Flipping is down

Hot spots for vacation home and investment purchases

Positive outlook for second home purchases

Investment, vacation home purchases spike dramatically – AGBeat.

Buyer Urgency Improves, More See Now Good Time to Buy

This great article rings true to what I’m experiencing as well…

Buyer Urgency Improves, More See Now Good Time to Buy.

Selling one home and buying another

Selling One, Buying Another

In a perfect world, you sell your old home and buy the new one on the same day. Given that things rarely turn out perfectly, here are some things to keep in mind as you negotiate the sale of one house with the purchase of another.


Time it right

Fall and spring are the best times for homes to move and you want to consider the season of the year when buying and selling. And if the closing dates aren’t going to coincide, a gap – rather than two mortgages – is the better. It’s easier and usually cheaper to find temporary housing than juggle two mortgages.

Selling one home and buying another – Legacy Real Estate Group.

NAR: 2012 home sales strongest in years

NAR is a long-time trusted resource for really good housing statistics, and what I’m seeing in the local Denver market is that homes are selling very fast…

The National Association of Realtors is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year.

NAR: 2012 home sales will be strongest in past 5 years | LinkedIn.