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Worried About Home Maintenance Costs? Consider This

Worried About Home Maintenance Costs? Consider This

If one of the main reasons you’re hesitant to buy a home is because you’re worried about the upkeep, here’s some information you may find interesting on both new home construction and existing homes (a home that’s been lived in by a previous owner).

Newly Built Homes Need Less Upfront Maintenance

If you can afford it, you may find a newly built home could help ease your worries about maintenance costs. Think about it: if everything in the house is brand new, it won’t have the wear and tear you may see in an existing home, and that means it’s less likely to need repairs. As LendingTree says:

“Since the systems, appliances, roof, and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of homeownership. That can make a big difference for first-time homebuyers who are adjusting to owning rather than renting.”

Plus, many builders also have warranties on their homes that would cover some of the more major expenses that could pop up. As First American explains:

“The new systems in your home, like plumbing, electrical, and HVAC, are typically covered for one to two years by your builder’s warranty. When something happens to these systems, you contact the builder or their warranty company.”

Existing Homes Can Still Have Great Perks

But it’s worth mentioning that it’s not just newly built homes that can have warranties. It’s an option for existing homes too.

Your agent may be able to help you negotiate with the seller to add one as a concession on your contract. But you should know that not all sellers will be willing to do that. If they won’t, you could purchase one yourself if you’d like to. An article from Forbes explains:

“During a real estate transaction, a home warranty policy can be purchased by the buyer or the seller.”

And there are benefits for both parties when it comes to a home warranty. According to MarketWatch:

“A buyer’s home warranty benefits both buyers and sellers, as it helps the seller close the deal while providing the future homeowner with peace of mind that they’ll be covered if a system or appliance breaks down. Sometimes, a seller will pay for the first year of the home buyer’s warranty to sweeten the deal, but it depends on the real estate market.”

If you’re interested in a home warranty for peace of mind, lean on your agent. They’ll negotiate on your behalf to see if a seller would be willing to cover one for you. Just remember, the likelihood of a seller throwing one in depends on conditions in your local market.

So, Should I Buy New or Existing?

While the need for less upfront maintenance is a great perk for new construction, there are some things a newly built home can’t provide that an existing home can.

For example, existing homes have a lot of character and charm that’s difficult to reproduce. The quirks that come with an older home may make it feel more homey. And existing homes usually have more developed landscaping and a well-established sense of community, so it can feel more inviting than something that’s a blank slate, like new construction often is. Not to mention, if you go with new construction, you may have to wait for the home to finish being built based on where it is in the process. It all depends on what’s most important to you.

Bottom Line

Whether you choose a newly built or an existing home, you may be able to ease some of your concerns over maintenance with a home warranty. To weigh your options and go over what’s the top priority for you, talk to the professionals.

5-22-2024

What’s Next for Home Prices and Mortgage Rates?

What’s Next for Home Prices and Mortgage Rates?

If you're contemplating a move this year, two crucial factors are likely at the forefront of your mind: home prices and mortgage rates. You're probably wondering what the future holds and whether it's wise to make a move now or wait.

Making the best decision involves staying informed with the latest data. Here's what experts are predicting about both home prices and mortgage rates

What’s Next for Home Prices?

One reliable source for home price forecasts is the Home Price Expectations Survey from Fannie Mae, which gathers insights from over one hundred economists, real estate experts, and market strategists.

According to the latest survey, experts project that home prices will continue to rise at least through 2028. The rate of appreciation will vary year-to-year, but the consensus is clear: prices are expected to increase steadily for the next five years at a more normal pace than the recent rapid growth.(see the graph below)

What does this mean for you? If you buy now, your home's value is likely to appreciate, helping you build equity over time. Conversely, if you wait, the cost of purchasing a home could be higher later on, as prices continue to climb.

When Will Mortgage Rates Come Down?

Predicting mortgage rates is more complex. A variety of factors, including inflation and labor market data, influence rates, contributing to the current volatility. Odeta Kushi, Deputy Chief Economist at First American, explains:

“Every month brings a new set of inflation and labor data that can influence the direction of mortgage rates. Ongoing inflation deceleration, a slowing economy, and even geopolitical uncertainty can contribute to lower mortgage rates. On the other hand, data that signals upside risk to inflation may result in higher rates.”

The future of mortgage rates hinges on the trajectory of these factors. While experts remain hopeful that rates might decrease later this year, economic indicators will continue to play a significant role. As noted in a CNET article:

“Though mortgage rates could still go down later in the year, housing market predictions change regularly in response to economic data, geopolitical events, and more.”

If you're in a position to buy now and can afford it, partnering with a trusted real estate advisor is crucial. They can help you navigate these variables and determine the best course of action based on your circumstances.

Bottom Line

Let's connect to ensure you have the latest information on home prices and mortgage rate expectations. Together, we'll review expert insights to help you make an informed decision about your move.

5-20-2024

The Number of Homes for Sale Is Increasing

The Number of Homes for Sale Is Increasing

The Number of Homes for Sale Is Increasing

The past couple of years have been challenging for homebuyers due to a shortage of available houses. However, the situation is starting to improve.

This year, the number of homes for sale has increased. According to the latest data from Realtor.com, in April 2024, there were more homes available than in the previous years (2021-2023). The graph below illustrates this trend:

Realtor.com reports:

“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”

But does this mean house hunting has become easier? The answer is both yes and no.

The latest weekly data from Calculated Risk indicates that despite recent growth, the number of homes for sale is still significantly lower than in the last normal year of the housing market:

What Does This Mean for You?

If you paused your home search because you couldn't find what you wanted, you might now see more options than in recent years, though the selection is still limited.

To explore your growing options, it’s wise to work with a local real estate agent you trust. Real estate heavily depends on location, and a knowledgeable agent can provide insights into the homes available in your desired area. As Bankrate advises:

“In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.”

Bottom Line

Let's collaborate so you have someone who can keep you updated on the current home market trends and help you find the best opportunities available right now.

5-17-2024

Homeward Bound Newsletter May 2024

Homeward Bound Newsletter May 2024

The Giving it Back and Paying It Forward Real Estate Newsletter

In the vibrant tapestry of the year, May stands out with its vivid splash of greenery and blossoms, marking a time of renewal and exuberance in the natural world. As the cool whispers of spring give way to the warm embrace of summer, gardens burst into a riot of color with tulips, peonies, and lilacs reaching their peak bloom. The air is fragrant with the promise of growth, and the longer days invite us to linger outdoors, relishing the sun’s gentle descent on the horizon. Farmers' markets re-open with stalls brimming with fresh produce, from crisp asparagus to sweet, juicy strawberries, celebrating the earth’s generous yield.

In this month, the world seems to be in motion; kites soar high with the breeze, and parks fill with families and friends savoring the bliss of mild weather. With each passing day, May spins a narrative of vitality and connection, a chapter of the year where life, in all its forms, dances boldly forward, inviting everyone to partake in its unfolding story.

IF YOU OR A FRIEND ARE THINKING ABOUT SELLING, MAKE SURE TO CHOOSE A REAL ESTATE COMPANY YOU CAN TRUST!

AS YOU KNOW, WE LOVE MAKING GUARANTEES!
Like our Buyer Satisfaction Guarantee: Love the home, or we’ll buy it back! Or our Seller Guarantee:Your Home Sold or We’ll Buy It!And we guarantee that a portion of our income WILL go to a very worthy cause like
Give Kids The World Village!
You may recall we are on a mission to raise $10,000 for Give Kids The World Village (GKTW) in 2024. We do that by donating a portion of our income from home sales to this very worthy cause.GKTW in Orlando, FL provides critically ill children and their families from your community and around the world with magical week-long wish vacations at no cost.

A core value at our company is“the size of the hole you give through is directly proportionate to the size of the hole you receive through.”As part of our Go Serve Big Mission, we proudly give back to those in our community who need help the most. In this case, the amazing kids who benefit from Give Kids The World Village. Many years later, we get to repeat it here and do all we can to help you, your referrals, and try and help Give Kids The World continue to make wishes possible at an accessible storybook home-away-from home Thank you in advance for your referrals!

Over the four decades of helping thousands and thousands of families sell or buy the place they call home, we have met so many wonderful, loving, caring people. We are so grateful. Thank you for reading over this months Homeward Bound, and thank you for referring anyone you know considering buying or selling to our team. They will be in good hands and a very worthy cause will benefit as well.

Exceptional Reviews Speak for Our Excellence

Our 5 Star Reviews

Newsletter Headline:
Give Kids The World Village is Making a Difference Today and for Tomorrow

Give Kids The World Village is an 89-acre, whimsical nonprofit resort near Orlando that provides critically ill children and their families from your community and around the world with magical week-long wish vacations at no cost. From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation; accommodations; donated theme park tickets; all meals and snacks; nightly entertainment; daily gifts; and more.
Who do you know considering buying or selling a home you could refer to our real estate sales team?

Not only will they benefit from our award winning real estate service, a very worthy cause will benefit as well. We want to make it easy to refer your friends, neighbors, associates or family members considering making a move. Just contact and call us at 720-463-0002.
A real estate company with experience, proven results and a give-back philosophy!
Over the decades of helping families sell or buy the place they call home we have met some of the most wonderful, loving, caring people sharing the same Go Serve Big values we do!
Refer your friends, neighbors, associates or family members considering making a move:
1. You can pass along our business card to them. We have enclosed a couple here for that purpose.

2. You can go tohttps://yourhomesoldguaranteedrealtyco.com/refer-a-friend.phpand enter their contact info online or forward the link to someone you know considering a move.

3. Of course you can always call us direct as well at 720-463-0002.
Why we Support Give Kids The World Village
We grew up going to Disney, Universal and SeaWorld in Orlando, FL. We were able to take our kids their time and time again while they were growing up as well. Little did we know right around the corner existed in 89-acre whimsical nonprofit resort providing critically ill children and their families from your community and around the world with Magical week-long wish vacations at no cost.

We were introduced to kids The world by a fellow real estate broker who set up a business meeting at their facility. We watched as they made wishes possible at an accessible storybook home away from home, where the ice cream was as limitless as the opportunities for fun and adventure.

We were so moved, we rallied everyone at our business to pull together and go all in in supporting Give Kids the World Village facility. From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation, accommodations, donated theme park ticket, all meals and snacks, nightly entertainment, daily gifts and more.

Since 1986, Give Kids the World has welcomed more than 188,000 families from all 50 States and 76 countries to laugh together, play together and create priceless memories away from hospital stays and medical treatments.

Our team are committed to providing outstanding results for our clients selling and buying the place they call home. We have discovered Give Kids the World Village shares similar commitments to the kids and families they serve, and since their services survive on sponsorships and donations, we are happy to donate a portion of our income to support them. We encourage you to visit their website at http://www.gktw.org and check out how they are making a difference in the lives of children and their families.
Feel free to call us now at 720-463-0002.

5-15-2024

CATEGORIES: Newsletter

Thinking of Selling? Look for an Agent with These Key Skills

Thinking of Selling? Look for an Agent with These Key Skills

Selling your house is a significant decision. Your home is likely one of the most substantial investments you've made, and it's where you've created many cherished memories. This combination means that selling can be an emotional journey. You need someone who understands your perspective, empathizes with your situation, and is an expert in guiding homeowners like you through the selling process.

That's where a skilled listing agent, or seller's agent, comes in. Here are essential skills your agent should possess:

Simplifying Complexity

Real estate can be filled with jargon and complex processes, but a great agent will break it down for you. They should communicate in clear, simple terms, ensuring you understand each step without feeling overwhelmed. An excellent agent will keep you informed about the housing market and, more importantly, explain how market conditions impact your specific situation. This clarity helps you make confident decisions. As Business Insider notes:

"Having a good rapport with your agent and finding them approachable is crucial, as you'll be working closely together. Choose someone who makes you feel comfortable and informed."

Data-Driven Pricing Strategy

While it might be tempting to go with an agent who suggests the highest asking price, this can backfire. Overpricing can lead to your house sitting on the market too long, deterring potential buyers. A proficient agent will have an open dialogue about pricing, using solid data to justify their recommendations. They won't just tell you what you want to hear; they'll provide a well-researched pricing strategy to ensure your home sells at the best possible price. NerdWallet emphasizes:

"An agent suggesting the highest price isn’t always the best. Look for one who supports their pricing with thorough market knowledge."

Fair and Objective Negotiation

Selling your home, especially one you've lived in for years, can be emotionally taxing. These emotions can cloud your judgment during negotiations. A trusted professional will stay calm and objective, handling negotiations with your best interests in mind. Their market expertise and negotiation skills will help you secure the best deal. As Rocket Mortgage states:

"Regardless of whether this is your first or third time selling a house, listing agents aim to make the process smoother and less stressful. Their industry knowledge helps ensure you get the best possible outcome."

Bottom Line

Whether you're a first-time seller or have sold homes before, partnering with a great listing agent is crucial for a successful sale. Connect with a skilled local expert who will guide you through every step of the process, making your home-selling experience as smooth and rewarding as possible.

5-15-2024

Home Prices Surge Across Major Cities: A Market Update

Home Prices Surge Across Major Cities: A Market Update

Are you eyeing the real estate market, contemplating a purchase, or perhaps gearing up to sell? Whether you're a prospective buyer or seller, staying abreast of home price trends is crucial. Here's the latest scoop:

Recent data from Case-Shiller and the Federal Housing Finance Agency (FHFA) paints a clear picture: home prices are on the upswing nationally (refer to graphs below)

Throughout 2023, we witnessed a steady climb in home prices. However, during December and January, there was a slight plateau, a typical seasonal occurrence.

Fast forward to February, marking the onset of the spring market, and prices resumed their upward trajectory.

Rising Tide Lifts Home Prices in Premier Urban Centers
Following the nationwide surge in February, you might be curious about your local market. Across 18 of the top 20 cities surveyed by Case-Shiller's monthly price index, prices are indeed ascending (see chart below).

Experts foresee this upward trend continuing, with Forbes shedding light on the driving forces:

"Even with mortgage rates hitting levels not seen since November, sustained demand paired with limited housing inventory remain pivotal factors propelling home values upward."

Navigating the Current Landscape
For Prospective Buyers: With prices projected to keep climbing, seizing the opportunity now might prove advantageous. Acting swiftly could help secure a home before values soar further.

For Prospective Sellers: The spike in prices is attributable to the persistent gap between housing supply and demand. Collaborating with an agent to accurately price your property could yield multiple offers and expedite the selling process.

In Conclusion
The data unequivocally indicates a national uptick in home prices. Let's connect to delve into the specifics of how this translates to our local neighborhood.

5-13-2024

Considering a newly built home for your next move?

Considering a newly built home for your next move?

Let's dive into two compelling reasons why it might just be the perfect fit for you:

  1. Expanded Options: In today's housing market, the inventory of existing homes is tight. However, newly built homes are becoming a larger part of the available options. Data from reputable sources like the Census and the National Association of Realtors (NAR) indicates a significant increase in the proportion of newly built homes in the market. From just 13% in previous years, they now comprise over 33% of available inventory. This surge presents a golden opportunity for homebuyers like you, offering a broader spectrum of choices to explore during your search.

  1. Surprising Affordability: The notion that newly built homes are beyond your budget may need revisiting. Builders are attuned to the evolving demands of the market, focusing on constructing smaller, more affordable homes. Consequently, the price gap between new and existing homes is narrowing. In some regions, the cost to build versus buy is becoming comparable. CNBC notes that while new builds may still command slightly higher prices, the gap has significantly diminished. Moreover, builders are rolling out enticing incentives such as price cuts and mortgage rate buy-downs, further enhancing the affordability factor.

Intrigued by the prospect of a newly built home? It's crucial to recognize that purchasing one differs from buying an existing property. Partnering with a knowledgeable local agent can provide invaluable insights into the market, builder reputations, and the intricacies of builder contracts. With their expertise by your side, you can navigate the realm of newly built homes confidently and effectively.

Ready to explore what newly built homes have to offer in your area? Let's connect and embark on this exciting journey together. Additionally, expanding your search to include neighboring towns can unlock even more possibilities. Let's discuss how broadening your scope could lead you to your dream home.

5-10-2024

Tips for Younger Homebuyers: How To Turn Your Dream Home into Reality

Tips for Younger Homebuyers: How To Turn Your Dream Home into Reality

For many younger individuals, especially those belonging to Gen Z, the prospect of owning a home may seem like an insurmountable challenge. With factors like inflation, soaring home prices, and fluctuating mortgage rates, the dream of homeownership can feel out of reach. However, despite the hurdles, it's entirely possible to make this dream a reality, especially with the guidance of professionals in the field. Here are some invaluable tips to help you navigate the path to owning your own home:

  1. Explore Down Payment Options: The down payment often stands as the biggest obstacle for young homebuyers. However, there are numerous down payment assistance programs available, offering a helping hand to make homeownership more attainable. Additionally, don't overlook the potential support from family members or loved ones, as many Gen Z buyers have received financial assistance towards their down payments. Consulting with a trusted mortgage professional can provide clarity on the amount needed and any guidelines regarding gifted funds.

  2. Leverage Living Arrangements: Consider alternative living arrangements to bolster your savings. Many Gen Z buyers are opting to live with family or friends temporarily to reduce housing expenses and accelerate their saving efforts. According to NAR, a significant portion of Gen Z homebuyers transition directly from their family's home to their own, showcasing the impact of this strategy on financial readiness.

  3. Broaden Your Search Horizons: In a competitive market with limited housing inventory, casting a wide net in your property search is crucial. Working with a professional can introduce you to unconventional strategies and overlooked opportunities. Exploring suburban or rural areas, as well as considering smaller property types like condos or townhouses, can significantly expand your options and improve affordability.

  4. Prioritize Your Needs and Wants: Flexibility is key when searching for your first home. While it may not fulfill all your desires, remember that your initial purchase doesn't have to be your forever home. By distinguishing between must-have features and nice-to-haves, you can make informed compromises without sacrificing your homeownership goals. Your real estate agent can assist in prioritizing your criteria and finding properties that align with your preferences.

In conclusion, while the path to homeownership may seem daunting for Gen Z, it is certainly within reach with the right approach. By tapping into available resources, making strategic decisions, and seeking guidance from industry professionals, you can transform your dream of owning a home into a tangible reality. Don't hesitate to reach out and embark on this exciting journey towards long-term success in homeownership.

5-8-2024

Considering a change of scenery?

Considering a change of scenery?

Before you pack up and move, it's worth exploring what's driving your desire for a new abode. A recent Realtor.com survey delved into the motivations behind home sales this year, revealing two primary factors (check out the infographic below):

Let's delve deeper and see if these reasons resonate with your own motivations:

  1. Pursuing Profit Contemplating selling your home often brings a barrage of questions. Fortunately, recent data suggests that most sellers are reaping substantial profits from their sales. According to ATTOM, a property data provider:

"Home sellers pocketed a median profit of $121,000 from typical sales in 2023, equating to a 56.5 percent return on investment."

This is no small feat. Contributing to this windfall is the meteoric rise in home prices during the pandemic. With demand outstripping supply, prices surged, resulting in substantial gains for sellers.

While the pace of appreciation has slowed, home prices continue to climb, albeit at a more moderate rate. This ongoing appreciation bodes well for your financial prospects. Any profits accrued can alleviate some of the current affordability hurdles when securing your next home.

Curious about your home's current value and market dynamics in your area? Reach out to a local real estate agent for insights.

  1. Family Matters Perhaps you're considering a move to be closer to family, whether to provide care for elderly relatives or to foster stronger familial bonds. Alternatively, you might yearn for shared moments on special occasions like birthdays and holidays.

Relocating to be nearer to loved ones fosters connectivity and ensures you're not missing out on significant milestones in their lives. If geographic distance is hindering your ability to be present, it might be time to engage a local real estate agent to find a residence in close proximity. As per the National Association of Realtors (NAR):

"A skilled real estate agent will navigate your home search impartially, aiding you in meeting your purchasing objectives while adhering to your financial constraints."

In Conclusion

If you're contemplating putting your home on the market, there's likely a compelling rationale behind it. Let's have a conversation to ensure you're equipped with the guidance necessary to make a well-informed decision that aligns with your objectives for the year.

5-6-2024

Navigating the Impact of Increasing Listings When Selling Your Home

Navigating the Impact of Increasing Listings When Selling Your Home

In today's real estate landscape, the number of homes available for sale holds significant sway. If you're contemplating listing your property, the current scarcity of inventory presents a prime opportunity. Your house gains prominence amidst a low supply, particularly if it's appropriately priced.

However, the pool of available homes is expanding. Recent data from Realtor.com indicates a rise in new listings, as illustrated in the accompanying graph.

This upward trend reflects a surge in sellers placing their homes on the market compared to the previous year. As noted by Realtor.com:

"…sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline."

What This Means for Home Sellers:

If you've been postponing selling your property, now might be the opportune moment to reconsider, before your neighbors seize the initiative. While we're not facing an imminent surplus of homes for sale, each new listing in your vicinity poses the risk of diverting buyer attention from your property.

For instance, if your neighbor enters the market as well, you suddenly find yourself contending with competition next door. The last thing you want is for prospective buyers to tour your home only to be captivated by someone else's offering. Your goal is to command the spotlight.

A seasoned agent can facilitate this process. They'll assist you in preparing your home for listing, highlight its desirable features to today's discerning buyers, and ensure it's priced competitively. Consequently, your listing becomes irresistible to potential buyers eager to envision it as their future residence.

For those prepared to sell now, this presents a golden opportunity to capitalize on both fronts. With the inventory of homes for sale on the rise, you gain more flexibility for your own relocation plans. Simultaneously, you can leverage the current market conditions to sell your home while it still enjoys heightened visibility.

In Conclusion:

Despite the persisting low inventory, delaying your listing risks facing increased competition within your neighborhood. Let's connect to explore the advantages of selling before additional homes flood the market.

5-3-2024

5-3-2024

May 2024 Newsletter

May 2024 Newsletter

It’s probably not a surprise that our attention spans have dwindled along with the increasing digital distractions of today’s world, but the good news is that there are things you can do to improve focus and concentration. In today’s Service For Life!®Free consumer newsletter, you’ll learn several healthy habits that can help you train your brain and combat a short attention span.

You’ll also learn about where you can find free (or cheap) financial advice,and tips on setting money boundaries with your friends and family.

Finally, I want you to know that you may call me for any reason. And please let me know if a friend, family member or neighbor needs a caring, competent real estate professional to help in buying or selling.

I truly appreciate your friendship and referrals. Enjoy your issue!

Warmest regards,

Bill Watson
President | Managing Broker


Your Home Sold Guaranteed Realty - The Watson Group
6155 S Main Street, Suite 270
Aurora, CO 80016
720-463-0002
bill@watsonrg.com
www.yourhomesoldguaranteedrealtyco.com

P.S.When you notice people talking about real estate in the next few weeks, can you tell them about the free consumer information I provide?

They may be people with a graduating senior and they want to buy an investment property while their child is in college. You can mention my Free Consumer Report: “8 Secrets For Saving Thousands When Finding, Buying and Financing Your Next Home” with my phone number when sending them a Graduation Card or when talking to them at a Graduation Party -720-463-0002.

Your Home Sold Guaranteed Realty - The Watson GroupWins Prestigious Five Star Professional
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Get this FREE Report that Reveals 27 Tips to Give You the Competitive Edge!www.Our27Tips.com

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Building A Better Attention Span

It’s probably not a surprise to hear that humans have more and more trouble focusing, whether it’s at work, reading, or even in a conversation. Rather than dwelling on the factors that cause short attention spans, though, let’s consider some of the ways you can regain control over your ability to focus.

Some of the obvious ways to improve concentration are also key to good overall health—getting adequate sleep, staying hydrated, exercising, and eating a healthy diet. Here are a few other things you can try to remedy a short attention span. Note that you may need to try a few things to find one that works best for you.

  • Task timers: There are multiple productivity tools that use timers to help people focus on something, which may be easier when you know there’s a break built into the process. Some of these tools are typically applied to job settings (like thePomodoro Technique–try visitinghttps://pomofocus.io/)but can be used for things like housework and homework.
  • Brain “training” games: Many games have improved concentration as a side benefit, including sudoku, chess, crosswords, and jigsaw puzzles. Brain training games have the bonus of improving memory and cognitive skills as we age.
  • Getting outside: Simply being in nature, even for a few minutes a day, is beneficial to our ability to focus (as well as to our overall mental health).
  • Meditation: Studies have shown that practicing meditation or mindfulness is among the best ways to improve focus, since it’s a brain exercise about being in the present. Even meditating for 10 minutes at a time, a few times a week, can have a huge impact.

Don’t forget to set yourself up for success, no matter what tools you try, by removing as many tempting distractions as you can. The “do not disturb” function on your phone can be incredibly helpful in this regard.

Thinking Of Selling Your Home Soon?

Don’t attempt to sell your home without my Free Consumer Guide,“6 Steps For Selling Your Home For Top Dollar.”My exclusive report will give you all the facts for a fast, top dollar sale. Get your free copy by calling me at…720-463-0002

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How To Get Free Money Advice

Hiring a financial advisor may not be an option for everyone. Here are a few ways to get free (or cheap) financial advice, both online and in person.

  • Your bank or credit union:Most banks and credit unions offer some free educational materials and resources to current customers.
  • Employee benefits: You may get free (or discounted) financial advice as part of an Employee Assistance Program (EAP) or through your 401(k) at work.
  • Consumer Financial Protection Bureau: https://www.consumerfinance.gov/– The CFPB is a government agency that is, in their own words, “dedicated to making sure you are treated fairly by banks, lenders, and other financial institutions.” Toward this end, the site provides lots of free information on topics like paying for college, buying a house, and planning for retirement.
  • Pro bono financial planning: Some organizations work for free with underserved and at-risk communities, such as low-income families, survivors of domestic violence, people going through serious medical treatment, and military veterans. Find out if you qualify at:

Find out the value of your home by answering a few simple questions. By providing your address and home description, the system will produce a complete market analysis through a search for similar homes sold and listed in your area.
Online Home Evaluation

Setting Money Boundaries With Loved Ones

Many people struggle to set boundaries with loved ones, and that can be especially true when it comes to money—a topic that’s hard to talk about at the best of times. We may instinctively want to help the people we care for out of a financial jam, but doing so may end up hurting both parties.

Learning how to set and keep healthy boundaries, money-related or otherwise, can be incredibly good for our long-term mental health. Here are some tips to help you set financial boundaries with friends and family.

  • Establish your boundaries beforehand. Figure out what you’re comfortable with in terms of loaning or gifting money long before anyone has asked. This should reflect your own financial goals, values, and budget. Your comfort level may be that you’renotcomfortable being a banker to friends and family, regardless of the circumstances, and that’s okay. Be confident in your comfort level—and practice saying it out loud, so you’re prepared.
  • Think about other ways you can help. If you’re not comfortable lending money, there are other ways you can still be supportive. Maybe you’re willing to help someone make a budget, research financial advisers, or even compare bank loans. Being able to offer a different kind of assistance may feel better than simply saying no.
  • Remember why boundaries are important. You may resent someone who doesn’t repay you—and they may resent you if you’ve loaned them money before and won’t do it again. Make the value of the relationship part of the conversation around boundaries, so it’s clear to both of you what’s at stake.

If you decide to say yes, consider it a gift rather than a loan. Even if you describe it as a loan, setting up a payment schedule and everything, thinking about it as a gift puts less pressure on the transaction and, therefore, the relationship. The general rule is that you should not lend more money than you’re prepared to lose, and sticking to that suggestion may also help preserve the relationship.

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720-605-1268 to find out what your home will sell for today. You will not receive a phone call, just a text!

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Please Welcome New Clients And Good Friends Into Our Real Estate Family...

I’d like to take a moment to personally introduce and welcome a few of my newest clients and good friends who have supported my business over the years. And special thanks to everyone who thought of me with your referrals!

Recently Sold Properties

by The Watson Group

Whispering Pines

Sold for $712,500!

Heritage Village
Sold for $745,000!

Tollgate Village
Sold for $415,000!

Settlers Village
Sold for $528,000!

Whispering Pines

Sold for $658,000!

Saddle Rock Vistas

Sold for $688,990!

River Run
Sold for $560,000!

Murphy Creek
Sold for $477,990!

Murphy Creek
Sold for $522,490!

Murphy Creek
Sold for $985,000!

Hilltop
Sold for $1,099,990!

The Meadows
Sold for $624,990!

Your Home Sold Guaranteed or We'll Buy It!*

Real Estate Corner…

Q:What natural scents can make my home appealing to buyers?

A: This is a common question asked of real estate agents and it is a little surprising how easily mistakes can be made that turn buyers off. Generally, fragrant candles and aerosol room fresheners are too strong to be used just before your guests arrive. Few things can make a buyer more suspicious than an overly strong smell. They may think you have something to hide if a pleasant odor is overwhelming. Ifyou want to freshen up the smell of your home with these products, use them at least 4 hours ahead of time.

Most people will feel comfortable in a home that smells clean and welcoming with the scent of coffee, tea or cookies. If you are not preparing these foods, you can simulate the smell with a few drops of cinnamon oil with water in a pie plate placed in a warm (not hot) oven. Also, herbs like rosemary, lavender and mint offer a pleasant natural fragrance whether you place them in vases or simmer them in a saucepan. You can also use an aromatherapy diffuser. They’re inexpensive and available on sites like Amazon.

Doyou have a real estate question you want answered? Feel free to call me at
720-463-0002. Perhaps I’ll feature it in my next issue!

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5-1-2024

CATEGORIES: Newsletter

Considering the Merits of Buying a Home Versus Renting?

Considering the Merits of Buying a Home Versus Renting?

Despite the current mortgage rates presenting a formidable appearance, there are compelling reasons why taking the plunge into homeownership, if you're in a position to do so, could prove to be a savvy move. Here are a couple of solid arguments in favor:

Home Values Typically Appreciate Over Time

Amidst recent debates surrounding the trajectory of home prices, one thing remains clear: nationally, they tend to ascend. Over the long haul, historical data from the Federal Reserve (the Fed) illustrates a consistent upward trend in home prices spanning six decades. While anomalies like the 2008 housing crash temporarily disrupted this pattern, the overarching tendency has been one of growth.

This upward trajectory is a key advantage of homeownership over renting. As property values climb and you chip away at your mortgage, you're simultaneously accruing equity. This burgeoning equity can significantly bolster your overall net worth over time. As per the Urban Institute:

"Homeownership is critical for wealth building and financial stability."

(see graph below):

Rental Costs Persistently Rise

Another compelling reason to consider homeownership over renting is the perpetual ascent of rental rates. While renting may seem financially advantageous in the short term in certain locales, each lease renewal typically brings with it the unwelcome prospect of increased rent. Data from iProperty Management underscores this trend, indicating a consistent upward trajectory in rental costs over the past six decades.

So, how do you break free from the cycle of escalating rents? Opting for homeownership with a fixed-rate mortgage affords you the opportunity to stabilize your housing expenses and bid farewell to the frustration of recurrent rent hikes. This stability is invaluable.

Your monthly housing payments effectively become an investment, prompting a pivotal decision: do you invest in yourself or continue padding your landlord's pockets?

Owning your home translates to investing in your own future. Even when renting appears more economical, those monthly payments vanish into the ether, offering no return on investment.

Echoing this sentiment, Dr. Jessica Lautz, Deputy Chief Economist and VP of Research at the National Association of Realtors (NAR), emphasizes:

"If a homebuyer is financially stable, able to manage monthly mortgage costs and can handle the associated household maintenance expenses, then it makes sense to purchase a home."

(see graph below):

In Conclusion

If you're weary of the perpetual rise in rent and eager to explore the myriad benefits of homeownership, I encourage you to initiate a conversation to explore your options further.

5-1-2024