Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact me and allow me to help guide you through that process!
I was recognized for being in the top 8% of Berkshire Hathaway HomeServices network agents nationwide by getting the Leading Edge Award.
It is an honor that I am grateful to have, because I know it is because of my valued clients who have trusted me with their real estate transactions.
Thank YOU for allowing me to serve you, and for the referrals to your friends and families.
FINANCIAL ADVICE
Appraisals Can Protect Buyers, Sellers and Lenders
Seeing something with one’s own eyes is the best way to make an evaluation. That’s the purpose of bank appraisals, which are designed to protect banks from over lending, homebuyers from overborrowing, and home sellers from overpricing their homes.
Once the purchase offer is accepted by the seller, the homebuyer’s lender orders an appraisal of the seller’s home to determine the home’s true market value based on location, quality of materials, featured amenities and other criteria.
The property’s condition also impacts value, so sellers are often advised to order an appraisal before putting their homes on the market to help them determine a reasonable asking price. To make sure the home evaluation is as high as possible, sellers are advised to clean the home, repair anything that’s damaged, such as a gate latch or dripping faucet, and to improve the home with fresh paint, new surfaces such as countertops, or whatever makes the home look tired and dated.
When the appraiser arrives, the seller is expected to be on hand to answer questions. The appraiser will be armed with “comparables,” which are similar homes in size and location that are on the market or have recently sold. This is the seller’s opportunity to tell the appraiser about new updates, new features and amenities in the neighborhood that make the home more attractive, such as nearby parks and public transportation.
Share the appraisal results with your Berkshire Hathaway HomeServices network professional to move forward with a more informed selling or buying strategy.
BUYING/SELLING ADVICE
Understanding Buyer’s and Seller’s Markets
While any time is a great time to buy or sell a home, knowing whether market conditions favor buyers or sellers will help you to improve your own position and to navigate your transaction more easily.
A seller’s market takes place when financial conditions are positive. New employers are coming to town, there are plenty of jobs, workers are receiving bonuses and raises, and there’s a general sense of optimism that encourages people to buy their first home or move up to a bigger, better home. This creates demand for homes, higher home prices and often a shortage of available homes for sale. Homes don’t last long on the market, and soon, there are shortages for entry-level homes and other price points.
A buyer’s market reflects a receding economy. Employers stop hiring and salaries stagnate. If major employers exit the market, workers have trouble finding other employment. Confidence wanes, and sellers find that there’s less demand for their homes. Soon, inventories of homes for sale increase, bringing prices lower. A buyer’s market means buyers are cautious and expect sellers to sweeten the pot by presenting updated homes in premium condition.
Buyer’s and seller’s markets can be as localized as a single street within a neighborhood, a zip code, or a suburb. It’s all about the economy’s impact on demand.
Are you in a buyer’s or seller’s market? If you’re not sure, your Berkshire Hathaway HomeServices network professional can show you the sales trends for your area and price range.
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CO Lic #: IA001322398, CO Lic #: IA1322398 2660 East County Line Road Suite E
Highlands Ranch, CO 80126