Colorado Resorts Real Estate Video Blog with Kevin and Amy Smits

How to Handle Home Showings in Summit County

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Some of my clients in Summit County have been asking me about home showings. They want to know whether or not they should be present during a home showing.

The short answer is no, absolutely not.

I know it can become inconvenient, but you need to vacate your home during a showing. You can run to a coffeeshop, go exercise, or do anything that doesn’t involve you being at home.

Buyers tend to feel very uncomfortable looking at a home when the owner is present. Just imagine how you would feel if you were in their shoes. It would be a little awkward, and you’d probably leave the showing with a bad impression.

So, if you want to sell quickly, don’t be present during a home showing.

If you have any other questions about the real estate market here in Summit County, please don’t hesitate to contact me!

What Should You Look for in a Good Offer?

Today we are going to answer one of the questions we have been getting asked a lot. A lot of sellers have been overwhelmed by the number of offers they’ve been getting on their homes, and they want to know what a good offer looks like. We’re here today to tell you.

First off, whether an offer is “good” or not depends on a few factors. For example, the price. It the property is priced well and at market value, we are seeing those homes get offers of 95% to 97% of list price.

In Summit County, most homes sell between 87% and 98% of list price. When the property is priced right, we see people offer anywhere between 92% to 97% of list price, and we usually see negotiation take place as well. We’ve been seeing quite a few full-price offers and offers over list price as well, so that’s something to keep an eye out for.

If you have any questions at all, don’t hesitate to give us a call or send us an email. We would love to hear from you!

How Long Will It Take to Sell Your Home in Summit County?

Many sellers in Summit County want to know how long it will take to sell their property. This is a great question because timing is everything in the real estate market.

The truth is that it will depend on your price range and how well you are priced. If your home is in good condition and priced right, it will probably sell fairly quickly.

Homes that are priced right and cost under $750k are selling in less than 90 days. When we get into the higher price ranges, it’s harder to determine because we have fewer buyers for those homes.

If you have any further questions about your time on the market, please don’t hesitate to contact me! We think 2016 will be a phenomenal year to sell a home.

We look forward to hearing from you!

An Update on the Vail and Summit County Market

Today we just wanted to share what is going on in our market in Summit County and Vail. We’ve been getting a lot of questions lately about whether we’re in a buyer’s or seller’s market, and today we’re going to answer that question.

Lately, we’ve been telling everyone that our market is in a perfect storm right now. There’s not much inventory available out there, so it’s a good time for sellers to enter the market because they will be up against little competition.

For buyers, we are seeing prices trending upwards, so now may be a good time for them to enter as well. All you need to do is find that one perfect property, and right now interest rates are extremely low. You can afford much more home now than you could have in the past. A majority of the interest rates out there are below 4%. Interest rates for investment properties are slightly higher but still historically low.

Thanks for joining us today. If you have any questions about our market or about real estate in general, give us a call or send us an email. We would love to hear from you!

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