In the “new normal” that is the current housing market, prices aren’t what they were at their peak, but inventory is at historic lows. Those factors are creating a ‘perfect storm’ of bidding wars between potential buyers.
Here are 10 tips on how to become the most desirable buyer you can be – and create an compelling offer that wins the multiple offer war.
1. Cash is king - Investors have been snapping up homes to flip or rent, and they usually come to the table with cash. Sellers love all-cash offers because they’re less likely to fall through before the sale closes. Bring as much cash to the table as makes sense for your personal financial situation.
2. Start 4 months ahead. If you can’t pay cash, you’ll need to get a…
I owe more on my mortgage than what my house is worth. And, unfortunately, my loan isn’t owned by Freddie Mac or Fannie Mae, and it is an adjustable rate.
What are my options to refinance my loan into a fixed rate loan? Also, I had a U.S. Department of Veterans Affairs (VA) loan at one time and I sold the house. Would I be able to get another VA loan? I’ve made all of my payments on time.
If your current lender does not participate in any of the loan modification or refinance programs, you might be out of luck if you need a refinance and you’re underwater.
While you didn’t mention your interest rate, you did indicate that your interest rate is variable. Recently, people with variable rate mortgages have found that they are getting a…
Like a ship rolling through swells on the ocean, the 2012 market ended slightly up from 2011. 2011 was slightly down from 2010. 2010 was slightly up from 2009. According to statistics provided by Land Title Guarantee Company, total sales for 2012 were
$484 million, which was up 7% from the 2011 total of $451 million.
One key indicator of the market was decreased listing inventory at year end. 2012 marked the 4th consecutive year of decreasing inventory. Listings ended the year at just over $1.3 billion which is down 25% from 2008 year-end listing inventory of $1.7 billion.
Another key indicator in the market for 2012 was the lessening impact of distressed properties. Distressed sales (bank owned & short sales) represented 18% of the volume and…
A new website, SteamboatBikeTown.com, designed and funded by the Steamboat Springs Bike Town USA Initiative, is an online bike guide filled with interactive trail maps, event calendars and image galleries and is the most comprehensive website dedicated to cycling in Steamboat.
Built by riders and for the riders, the online bike guide is organized into geographic riding zones within Routt County and is further segmented by riding type. Whether you're a family looking for a leisurely cruise, a full-face helmet downhiller, or a roadie looking to tackle a century - the bike guide has your beta.
Elk River Partners, the developers of Marabou Ranch in Steamboat Springs, Colorado sold all of their remaining lots to the Stolz Group in a bulk sale. Marabou Ranch is a luxury shared ranch community composed of 62 lots, with about 1,300 acres of shared common sense. Marabou Ranch includes some amazing amenities including 2 miles of great fishing on the Elk River, extensive year round trails (hiking, biking, horseback and skate skiing), a stable of horses, 5 owner cabins, and amazing lodge, pool area and more.
Lots in Marabou originally sold for $2-5M and have recently sold for around $1M with one higher sale. They are pulling the listings for their lots, so there will be just two lots left on the market for now. They plan to hold them for a while…
STEAMBOAT SPRINGS, CO— Kevin Dietrich and Nancy Westphale are the newest broker/owners at Colorado Group Realty, Steamboat Springs’ largest independent real estate company.
Kevin grew up in Buffalo, NY, skiing on the slopes of Holiday Valley Ski Resort in the Alleghany Mountains. He moved to Steamboat Springs permanently, after spending several winter and summer vacations in Colorado, in 2002. An Elementary Education and English major, from St. Bonaventure University, he spent time post-graduation in Ireland and traveling Europe.
Prior to becoming a broker in 2007, Kevin worked with the Buffalo, NY school district before relocating to Steamboat. After 4 years as a senior manager with the Steamboat Ski & Resort Corporation, he chose to…
With interest rates so low, many homeowners are refinancing their mortgages, securing low interest rates. In order to secure a refinance, which is essentially a new loan, an certified appraiser needs to prepare the appraisal report for your home. Appraisals are based on recent sales prices of comparable properties. Here are a few ways to secure the highest possible appraisal for your property:
1. MAKE SURE APPRAISER KNOWS YOUR NEIGHBORHOOD. You can request that your lender send a local appraiser; if that still doesn't happen, supply as much information as you can about the quality of your neighborhood.
2. PROVIDE YOUR OWN COMPARABLES. Provide your appraiser with at least three solid and well-priced comparable properties. You will…