Sell Your Home with Clarity, Control, and Confidence

November 2020 Newsletter

As we approach the end of a record-breaking year in real estate, there may still be some records to break. The unusual trends we’ve seen over the past several months follow on the same trajectory, and continue to create an ideal market for sellers.

Housing inventory remains at decreased levels throughout the Front Range, along with active listings. The confluence of historically low interest rates, the widespread appeal of Colorado and the desire for stability afforded by home ownership have all contributed to this low inventory. As a result, homes are “flying off the shelves” and many sellers are netting more for their homes as widespread bidding wars drive sales prices higher and higher.

Success with 8z Bridge

While this is a seller’s dream at face value, these current market conditions bring about an important question - what if I can’t find a new home on my timeline

The good news is that there are new options available that address all three of the above concerns. At 8z, our goal is to provide opportunities and solutions for our clients, so that nothing stands between them and their real estate dreams. 

Two 8z Clients, Kyle and Kristina, recently took advantage of one of these new solutions, the 8z Bridge program.

With three kids and a fourth on the way, they had long outgrown their Centennial house. When they came across a new development in Castle Pines, they fell in love, but were faced with a harsh reality. As a young family, they had no idea how to make time for listing, moving, and having their new baby all at once.

But then, their agent told them about 8z Bridge. Once they understood the program, they were able to quickly get approved and go under contract on a brand new build. Meanwhile, they can stay in their current home through the winter, have their new baby, and only have to move on their timing once their new home is complete. Plus, they’ll be perfectly set up to sell their home for top dollar in the prime spring season.

With 8z Bridge, Kyle and Kristina were able to find and buy a new home, while overcoming their uncertainties. As your trusted real estate professional, I’m always happy to discuss how 8z Bridge or our other selling solutions can work for you and your family. If you’ve been thinking about selling, let’s make some time to go over all
 your options.

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Buyers, Here's How You Can Prepare for a Bidding War

As of August, 55% of home sales ended in bidding wars, and 66% of homes sold took less than a month to sell. With the low inventory and high competition we’re seeing across the Front Range, it’s important to prepare for a potential bidding war.

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  • A great first step is to get a mortgage pre-approval. This will help you stand out with sellers, showing that you’ve had a loan officer review your finances and determine your ability to get a home loan.
  • It’s also important to know what you can afford, and be able to cover monthly expenses like utilities and unexpected repairs, beyond your monthly mortgage payments.
  • Last but not least, make sure to make your best offer. I can help you determine what factors will make your offer more competitive and enticing for sellers, such as minimal contingencies, flexible move-in dates, and of course a competitive offer price.

 

Sources: Realtor.com, Bank of America, NAR, NASDAQ

 

Ski Season is Back, and Here’s What You Need to Know

The wait is almost over. After being shut down in March, Colorado’s ski country is finally reopening soon, with a couple resorts already welcoming guests. However, it should come as no surprise that this season will look a little different with tighter restrictions including masks, limited capacities, and parking reservations.

Beyond the masks, social distancing is expected throughout the resorts so riders and skiers remain six feet apart, unless they’re from a group or family. Most resorts are incorporating parking reservations to control the amount of guests, including Vail Resorts (Beaver Creek, Breckenridge, Crested Butte and Keystone), and POWDR, which operates Eldora and Copper Mountain. Alterra Mountain Resorts, including Winter Park and Steamboat, will not be selling same-day lift tickets. Arapahoe Basin also plans on forcing all guests, mostly season pass holders, to reserve their days in advance. Loveland and Aspen have yet to announce their specific plans for the season.

While the story is basically the same across all resorts, the most accurate information and updates can be found on their individual websites. Check out the article below to see each resort’s planned opening date.

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