Faster Real Estate Transactions

Here’s something true about today’s market.  Properties are selling fast.

Compared to one year ago, the number of days it takes for a property to sell is significantly lower.

The industry term is “Days on Market” or DOM.

DOM is way down.

Here is the comparison of May 2020 versus May 2019:

  • Metro Denver down 22%
  • Larimer County down 19%
  • Weld County down 16%

Initially, this may seem counter-intuitive.  How could homes be selling faster in today’s environment?

Here’s the deal.  The buyers and sellers who are active in today’s market are serious.

There really aren’t ‘tire-kicker’ buyers out looking at properties just for the fun of it.

There really aren’t sellers testing the market to ‘see what they can get.’

For the most part, buyers and sellers are on a specific mission and this mindset is showing up in the numbers.

For sellers especially, this is no time to test the market and be overly aggressive on price.

Properties that are priced right and in good condition are selling and often selling fast.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.


Posted on May 22, 2020 at 5:29 pm
Meagan Griesel | Posted in Fun Facts | Tagged , , , ,

Let’s Discuss Mortgage Forbearance

On this week’s episode of “Mondays with Matthew” Matthew Gardner discusses mortgage forbearance and whether it will help or hurt the US housing market.


Posted on May 4, 2020 at 6:16 pm
Meagan Griesel | Posted in Mondays with Matthew | Tagged , , , , , ,

Another Real Estate Meltdown?

This week our Chief Economist took a deep dive into the numbers to examine the current health crisis versus the housing crisis of 2008.

The reason why?  People wonder if we are going to have another housing meltdown nationally and going to see foreclosures and short sales dramatically increase.

It turns out that the numbers show that today’s housing environment is quite different than 2007, right before the housing bubble burst.

Specifically, homeowners are in a vastly different situation with their mortgage compared to the pre-Great Recession’s housing meltdown.

In addition to much higher credit scores and much higher amounts of equity compared to 2007, the most significant difference today is in the amount of ARM mortgages.

Back in years leading up to the housing bubble, Adjustable Rate Mortgages were very prevalent.  In 2007 there were just under 13 million active adjustable rate loans, today there are just over 3 million.

The number of those ARMs that would reset within three years was 5 million in 2007 compared to only 320,000 today.

It’s those Adjustable Rate loans resetting to a higher monthly payment that caused such a big part of the housing crisis back in 2008 to 2010.

Back then not only was people’s employment impacted, but many were facing increased monthly mortgage payments.

That’s why there were so many foreclosures and short sales in 2008 to 2010.

That is not the case today and one of many reasons why we don’t foresee a housing meltdown.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

Posted on May 1, 2020 at 3:11 pm
Meagan Griesel | Posted in Colorado Real Estate, Fun Facts | Tagged , , , , , , ,

Will there be a real estate crash?

 

 


Posted on April 24, 2020 at 2:59 pm
Meagan Griesel | Posted in Fun Facts, Northern Colorado Real Estate, Uncategorized | Tagged , , ,

Beautiful Mountain Views in Loveland!

Perfect home at 199 Sierra Vista Drive in Loveland for multi-generational living or separate area for short term rental. Situated on a large corner lot overlooking Loveland and expansive mountain views. Large well-lit rooms throughout the entire home, fireplace on each level (2), the lower level is a walk-out with easy access on the side of the home. The upper level is open and has a newer wood deck to drink your morning coffee and tea. Home used to have 2 garages which could be converted back fairly easily. Home comes with a 1-year Home Warranty from First American home warranty. Call for your private showing at (970) 691-0056 for more information or click the link below for more details.

http://windermerenoco.com/listing/106027676


Posted on February 14, 2020 at 11:45 pm
Meagan Griesel | Posted in Loveland Real Estate, Virtual Tours | Tagged , , , , , , , , , , ,

Millennial Buyers

Millennials often get a bad rap.  One of the myths about Millennials is that they don’t own homes and will be renters forever.

Not true!  Especially on the Front Range of Colorado.

Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro Denver and Colorado.

In Metro Denver, 50% of all buyers last year were in the Millennial demographic.

In Northern Colorado, the number is 41%.

It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.


Posted on January 17, 2020 at 3:41 pm
Meagan Griesel | Posted in Colorado Real Estate, Fun Facts | Tagged , ,

How Veterans Can Stay Healthy and Active Despite Their Disability

Many veterans suffer from physical and mental disabilities, but that’s no reason why they can’t live healthy, active lives after their military service is done. In fact, staying active can help veterans deal with conditions like chronic pain, depression, anxiety, and even PTSD. Here are some ways vets can maintain a fit lifestyle, even with a disability.

 

 

Adaptive sports

Adaptive sports are a great, non-limiting, and incredibly fun way for veterans to stay active. Adaptive sports are simply sports — most commonly currently existing sports — that have been adapted in some way to accommodate those with certain disabilities.

The accessibility of adaptive sports has grown significantly over the past decade with the advent of new technology specifically designed to help those with physical and visual impairments participate in sports they know and love. A variety of wheelchair sports exist, including basketball, volleyball, handball, soccer, and tennis (though not all places are great for wheelchairs). Spotters can be used for the visually impaired in sports like cycling and skiing. Many vets like to get into air rifle, trap shooting, and archery, all of which can be adapted to your needs.

 

Adaptive and low-impact exercise

While playing sports and participating in group exercise is fun and rewarding, you also need to have a plan to get exercise in other ways. Your adaptive basketball league may only play twice a week, for instance. You still need to find ways to get your physical activity quota filled on a daily basis.

Many disabled persons turn to lower-impact exercises like swimming, cycling, and yoga. “The wonderful thing about most activities in the water is that in many cases, mobility issues as a result of a disability are often hugely reduced, sometimes almost completely eradicated. The increased freedom of movement is a fantastic experience for anyone who struggles with mobility on solid ground,” notes DisabilityHorizons.com.

Stretching and flexibility exercises are also popular among those with disabilities, as almost anyone — despite any limitations — can easily perform them.

 

Why it’s so important to stay active

As a vet with a disability, you’re more susceptible to a variety of mental health conditions like depression and anxiety.

“The links between anxiety, depression and exercise aren’t entirely clear — but working out and other forms of physical activity can definitely ease symptoms of anxiety or depression and make you feel better. Exercise may also help keep anxiety and depression from coming back once you’re feeling better,” says the Mayo Clinic.

Exercise releases brain chemicals that promote happiness and well-being. It also gives you a distraction from your worries and gives you a healthy way to cope. Without physical activity, some vets can turn to substances to help them deal with their disabilities, which can lead to addiction.

Exercise can even help vets cope with the symptoms of PTSD. “Exercise in moderation can help those with PTSD. Exercise may give you a break from difficult emotions. It may distract you from painful memories or worries. Perhaps most important, exercise can improve self-esteem. It may create feelings of personal control,” says the National Center for PTSD.

 

How to stay motivated

 Many people find working out with a partner can keep them motivated and hold them accountable. Others find that fitness trackers make their workouts more enjoyable and that tracking their progress can get them excited about their fitness routine. Today’s fitness trackers and smartwatches can measure calories burned, distance traveled, steps taken, heart rate, and many other metrics. For instance, the Apple Watch Series 4 has a large display, altimeter, and heart rate sensor. If you’re looking for a more affordable fitness tracker, the Fitbit Inspire is reasonably priced and has five-day battery life and automatic exercise recognition.

Sometimes, having a disability makes it seem like getting enough exercise and staying active is more stress than it’s worth. In fact, it’s just the opposite. Staying active is one of the best ways to prevent the complications of your disability, and can help you cope with many of the mental problems associated with having a disability.

 

Credit : Kris Louis of Parentingwithkris.com

 

Photo Credit: Pixabay.com


Posted on November 22, 2019 at 3:23 pm
Meagan Griesel | Posted in Uncategorized | Tagged ,

Two Counties – Larimer and Weld

 

This is a Tale of Two Counties.

When it comes to new home activity, there is a big difference between Larimer and Weld Counties.

Larimer County’s new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County’s new home starts are up 18% and new home closings are up 8% compared to last year.

This is all according to the new home research experts and Metrostudy.

So why the difference?  It comes down to price and availability.

There is more land available for new home development in Weld County.

Plus, the land tends to be less-expensive than Larimer which means that builders can deliver a lower-priced product and reach a larger pool of buyers.

The average price of a new home in Larimer County is $507,105 while the average new home price in Weld is $411,269.

 

If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.


Posted on November 15, 2019 at 6:44 pm
Meagan Griesel | Posted in Fun Facts | Tagged , , , ,

Moving with Kids: From Closing Day to Moving Day

Photo by Pixabay

 

When it comes time to move into a new home, especially with kids, you really have to be able to roll with the punches. As most parents can attest, life with kids, in general, requires an ability to go with the flow. In fact, so does moving. Whether you’re moving across the street, across the state or across the country, having kids in tow can make for a whole different experience — even at the home buying and selling stage. Here are a few resources to help you from the moment you decide to buy to the first time you unlock your new front door.

 

Do Your Research

The house of your dreams before kids hardly resembles the house of your dreams today. A big master bedroom may not be as important as a big backyard. Make a list of what your family needs and wants and then hit the internet — research the best prices and neighborhoods in your region so you have a baseline for weighing your options. For example, knowing that the average sale price for a home in Fort Collins is $395,000 can help you when it comes to looking for homes and making an offer. Many parents consider school districts, nearby parks and playgrounds, and crime rate to be important considerations when moving with children.

 

Go for Low Stress

Moving day is stressful no matter how you cut it. With kids along, it can be a madhouse if you haven’t taken the time to prepare and plan. It might be a good idea to have a family meeting to discuss how the day will pan out and come up with a fun outing afterward. You can make moving day less stressful for you and your kids by:

 

  • Packing nonessentials in advance (you can buy moving boxes at Home Depot for less than $1 each).
  • Creating a moving-day schedule and explain it to your kids before the big day.
  • Arranging for child care, especially if you have little ones who will most likely get underfoot more than they will help out.
  • Hiring movers to get the loading and unloading completed quickly so you can be there for your child throughout the day.
  • Deciding in advance if you need to store certain belongings that won’t fit in the new home right away. Book a storage unit as soon as possible to save time and reduce stress. You can rent a 5×5 storage unit in Fort Collins for $52.61 per month on average, or as low as $44 per month.

 

Settle in the New Space

Perhaps the most important part of moving into a new home with kids is being intentional about how you settle in. This is especially important if your kids will be attending new schools or leaving behind close neighborhood friends. Settling into your new home comes with a little finesse. You can start things off on a happy note by:

  • Unpacking and putting together the kids’ rooms first. Let them have some say in where things will go and help you as you put away favorite toys.
  • Phasing in new furniture and other belongings so there is a mixture of the familiar with the new. This way, your children will still feel at home because the change has been gradual.
  • Offering a reward for moving, such as that puppy they’ve been begging for since last year or a new swing set for the backyard.
  • Taking your kids to meet the neighbors, especially those who have kids themselves. A new friendship is a great way to kick off a new neighborhood.
  • Sticking to the same rituals and routines you had at the old house. If you took family walks after dinner, keep it up. If the kids took a bath and read a book before bedtime, try to stay on the same timeframe.

 

Your children will be very sensitive to the move, even if they don’t show it right away. Change, even well-planned, can be chaotic for kids. It’s important your kids know they can talk with you, even if it’s to share their anger or shed a few tears.

 

Credit : Kris Louis of Parentingwithkris.com


Posted on October 17, 2019 at 4:45 pm
Meagan Griesel | Posted in Moving tips | Tagged , , , ,

Add to Your Net Worth!

It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth.

Check out these numbers from the Federal Reserve’s Survey of Consumer Finances:

  • Median Net Worth in the U.S. = $97,300
  • Median Net Worth of a Renter = $5,200
  • Median Net Worth of a Homeowner = $231,400

Posted on October 17, 2019 at 4:39 pm
Meagan Griesel | Posted in Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts | Tagged , , , ,