Why Agents Are Important Even if You’re Selling Your Own Home

As spring turns to summer, the market is starting to heat up. Now is a great time to get a jump on the market if you’ve been thinking of buying a home.

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It is a beautiful spring here in Frisco and we’re enjoying some lovely weather in the mountains. If you are thinking about visiting, this is a great time to come up. Today we are going to talk about why you need a real estate agent even in a hot seller’s market like this and even if you are selling your home on your own.

Over the last few weeks, I have been hearing from buyers and sellers who want to know about the For Sale By Owner (FSBO) market. Here are a few recent stories I can share. 

First, we just listed a home for someone who wasn’t having much success selling her home FSBO. We had to adjust the price down a little bit, we got professional photos taken, and got the word out to a lot of people either in the area or looking for a home in the area. The property received a full-priced offer in just two weeks. The seller was very excited and is looking forward to closing in the next few weeks.

The next story is of a couple who were trying to sell on their own and they put a very small sign attached to their mailbox. I was showing property in the neighborhood and I gave them a call because I thought one of my buyers might be interested in the home. I told them I wasn’t trying to persuade them to list their home with me, but they proceeded to tell me just how horrible their experience was. They were fielding calls at all hours and they needed help. I ended up listing the home, brought the perfect buyer in, and got the title work, surveys, and disclosures covered. 
We still have some great inventory available here in Frisco.
The main takeaway here is that buyers don’t want to work directly with FSBO sellers. That is why we want to help. If you have seen a FSBO home in the area and you are interested in it, we can provide some insight into the property and maybe even the sellers themselves. We try to find all the FSBO sellers out there and get their information for all of our buyers.

Location is just part of the equation when it comes to selling a home. It is also very important to market the property correctly and provide the most accurate information to buyers in order to make the process as smooth as can be.

We still have some great inventory here in Frisco, so it is a great time to come look at homes if you have been thinking about it. If you have any questions about the market or need any help, don’t hesitate to give us a call or send us an email. We would love to hear from you soon.

Buyers and Sellers: Take Action Now

If you’re on the fence about buying or selling a home, now is the time to hop off and take action.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

If you’re thinking about buying or selling a home, now is a great time. For sellers, there is so little inventory that homes which are priced correctly are selling quickly. We’re seeing multiple offers in the first couple weeks for nearly every home that is selling.

Once the slopes close, however, we are going to see an increase in inventory. One of our listing clients was bringing their townhome onto the market. The last sale was at $650,000 and we were going to price theirs below that because the location was not quite as desirable. But someone in the building decided they needed to sell fast, so they came on at $500,000, which affected everyone in the building. A home that we would have brought on over $600,000 now needs to wait until the prices recover. Granted, they did have multiple offers, and we don’t know how much it sold for, but once it closes, it will definitely have an effect on everyone.

If you’re thinking about selling, let’s price it right to sell quickly.

As interest rates increase, buying power for some buyers decreases. Buyers are going to see an uptick in inventory, but there are still a lot of buyers out there and the competition is fierce. When a property that is a perfect fit for you comes on the market, we need to be ready. If you’re getting a loan, get pre-qualified as soon as possible. We also need to know how to write the contract so that you’re going to win.

As interest rates increase, buying power for some buyers decreases.

If you’re thinking about buying, remember that interest rates are on the rise.

For every $100,000 of purchasing power, when the interest rates go up by 1%, the cost of that is approximately $60 per $100,000. I’m not a lender, so I can’t give you an exact figure, but you can check out a mortgage calculator online to see how rising rates will affect you personally.

There are going to be some great properties coming onto the market, so let’s be ready.

If you have any questions or need any help, please feel free to contact us. We would love to hear from you.

What to Expect From the 2018 Summit County Market

What can you expect from the Summit Country real estate market in 2018? I’ll share a few of my predictions, as well as an announcement about my new video series.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

What will the 2018 real estate market look like? We’ll share a few predictions. I’m also excited to announce a new video series. 

As many of you know, homes were selling extremely fast in 2017. Inventory continued to be low, and 25% of homes were selling in less than two weeks. 

In 2018, we don’t expect that to change. We think that 30% of homes will sell in less than two weeks, and we will continue to have a shortage of inventory. 

The market continues to improve, and homes are selling quickly.

If you are looking to buy a home this year, you need to be in touch with us. Our buyer agents will look for a home that suits your specific needs. 

If you are thinking of selling, there couldn’t be a better time. The market continues to improve, and homes are selling quickly. 

I also want to let you know that this year, we will introduce you to a new company in Summit County each week. We will interview them to find out what they do and see what specials they offer you. We’ll also introduce you to businesses in Vail and Beaver Creek. 

If you have any questions in the meantime, just give me a call or send me an email. I would be happy to help you!