|
 |
Summit County Real Estate Stats for January 2019
|
|
|
New Construction Sales in January represented about 17% of the total sales. Approximately 63% of what is currently pending or under contract today is new construction.
$1,000,000 Plus Sales actually dropped by 1% as compared to January of 2018, and currently represent about 24% of the January sold market. Of the current pending properties, 28% have a list price of over $1,000,000.
Sales Locations in January came in at 40% in south Summit County (Breckenridge) and 60% in the northern part (Frisco, Copper, Dillon, Silverthorne and Keystone). Last January, the stats were reversed with 40% taking place in the north and 60% in the south.
Single Family Homes (SFH) and Condo Sales combined are down about 26% with their average sold price coming down about 4%. SFH sales are down by
about 21%, but their average sold price is up by 32%. SFH sales in January drove the average sold price increase for residential sales so far this year. |
|
| Considering a FSBO? Maybe Not Such a Good Idea. |
| |
When it's time to sell your home, you may wonder whether to work with a real estate agent or go it alone as a For Sale by Owner (FSBO). Here are three reasons you should avoid the FSBO path.
The paperwork is daunting: Buyer offers. Real estate contracts. Lender forms. Inspection reports. Closing documents. Not every homeowner is prepared for the piles of paperwork involved in a real estate transaction. Details and deadlines can easily be missed. Bad deals can be made. A real estate agent is familiar with all the documentation involved, will walk you through the process and handle much of the required paperwork.
The process is challenging: Buyers want to see your home when it's convenient for them. Without an agent to show your home, it's up to you to make all arrangements for showings. This includes getting your home ready for the market. What work
should be done? What's worth the investment of time and money? An agent can answer these questions for you. If you don't have one, you're on your own to prep your home, show it to buyers, negotiate offers, and get the deal to closing.
The cost is more than you think: A common reason for choosing FSBO is to try to save money. FSBO isn't as inexpensive as you might think. You'll have to cover all marketing costs, and devote your personal time to these efforts. It might take longer to sell due to the limited exposure you can get without an agent marketing the home. To top it off, FSBO homes typically sell for less than homes listed by real estate agents. The net result can be lots of headaches and not much savings. |
|
|
|
|
|
| Wondering How Much Your Home Is Worth? |
| |
How has the price of your home changed in today's market? How much are other homes in your neighborhood selling for?
If you’re wondering about prices in your area, or thinking of selling your home, I can help.
Just call my office at 800-289-7005 or email me at kelli@kellisells.com for a professional price analysis. There is absolutely no obligation.
I’ll give you honest feedback about the value of your home. And I’ll also give you the inside scoop on what’s happening in the housing market in Breckenridge, Dillon, Frisco, Silverthorne and Keystone.
|
|
| Moving? Avoid These Major Mistakes |
| |
Moving involves a lot of ... moving parts. It can be difficult to coordinate all the aspects of pulling up stakes and putting down roots in a new place. From minor inconveniences to major disasters, moving blunders make the entire process even harder. Here are some of the most common missteps to avoid during your next move.
Making it a DIY project: Many moves can be handled by the homeowner, but not all. Be honest with yourself (and your friends). Do you really have the strength, time, and skill to pack, load, unload, and unpack all of your belongings? Consider any fragile or valuable items. Keep in mind any oversized belongings. Movers come with a cost, but so does trying to handle a project beyond your capabilities. Personal injury and property damage often end up costing more than movers would have.
Allotting the wrong amount of
time: How long will it take you to pack? If you don't give yourself enough time, you will be rushed and stressed when moving day arrives and you're not ready. If you start too early, you may have to unpack and repack things that you need before moving day. A good rule of thumb is to count the number of bedrooms in your home, then add one. This is the number of days it should take you to pack. If you have a lot of items that will require careful wrapping and storage, add another day.
Skipping the purge: Moving is the ideal time to get rid of things you no longer need. As you pack, make three piles: trash, donate, and keep. This requires a little effort and organization, but the process will make your move more efficient and will save you time, money, and hassles in the long run.
Forgetting to call a real estate agent: When it's time to move, a real estate agent is one of your most valuable resources. He or she can sell your current
home, find your new dream home, and walk you through the entire process. Agents have been through all this before and can provide resources and advice as you transition from one home to another. |
| |
|
|
|
| |
| |
 |
| |
Kelli Bennett
RE/MAX Properties of the Summit
220 South Main Street
P.O. Box 4600
Breckenridge CO 80424
970-390-9311 Cell
800-289-7005 Office
970-453-7365 Fax |
| |
| www.kellisells.com |
| |
| kelli@kellisells.com |
| |
| License # 40008935 |
| |
 |
| |
 |
|
|
|
| Thinking of Buying a Home? Get My Free Guide |
|
Buying a home is a complex process with many factors to consider.
Prepare for the decisions you'll need to make along the way by requesting my free report, "10 Easy Steps to Buying a Home." |
|
| Just reply to this email and I'll send it right out to you. |
|
| Share This Newsletter |
| |
 %SOCIALSHARE-GPLUS%  |
|
| Click here to forward this email to a friend |
|
| Click here to see a web copy of this newsletter |
|
|
| Ask Kelli: |
What is earnest money?
When sellers receive an offer on their home, they want to know the buyer is serious. To demonstrate the genuineness of their offer, buyers provide earnest money.
This check (or cash) typically equals one or two percent of the purchase price. It is given to the sellers with the offer. If the offer is accepted, this "deposit" helps reserve the home for the buyer.
These funds are deposited into an escrow account until closing, when they are applied to the purchase of the home. If the deal does not go through, the seller returns the earnest money to the buyer. However, if the buyer backs out of agreed-upon terms, the money may not be returned.
I will work with you to protect your earnest money by writing certain contingencies into the contract. |
|
|
|
|
|
|
|
|
