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Happy Thanksgiving

by Allison Simson

Happy Tuesday Morning to YOU!

Happy Thanksgiving to you and your family and friends.  This is a holiday about gratitude, about family and about possibility. It brings people together to not only celebrate the end of the harvest, but to look one in another in the eye and share something magical.  

**Remember: You are what you eat!  Gobble Gobble!

Wouldn't this little condo in Dillon be the perfect investment for the new year??

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110 Evergreen RD

Price: $142,000

Beds: 1

Baths: 1

Sq Ft: 501

Cute condo at the top of Dillon Valley has a very nicely updated kitchen & open floor plan. Secure entryway to kick off your gear. Awesome mtn views! Such a prime location; main floor access from parking, on the bus route, walk to downtown Dillon in...

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And Here's Your Morning Coffee!

Selling Your Home? The Importance of Using a Real Estate Professional

 

Selling Your Home? The Importance of Using a Real Estate Professional

Posted: 17 Nov 2015 04:00 AM PST

Selling Your Home? The Importance of Using a Real Estate Professional | Keeping Current Matters

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past three years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. However, the report also revealed that 95% percent of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their home directly from a seller whom the buyer didn’t know. Buyers search for a home online but then depend on an agent to find the actual home they will buy (53%) or negotiate the terms of the sale & price (48%) or understand the process (60%). The plethora of information now available has resulted in an increase in the percentage of buyers that reach out to real estate professionals to “connect the dots”. This is obvious, as the percentage of overall buyers who used an agent to buy their home has steadily increased from 69% in 2001.

Bottom Line

If you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process.


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Economy and Housing News

by Allison Simson/ Angela Page

Happy Tuesday Morning to YOU!

I'm looking out at our first big snowfall of the season - it's really quite magical!  Cars slowing down, people out snowshoeing in the road and everything covered in pretty white! Bring it on!! 

Here are some interesting tidbits regarding the economy and housing market from Angela Page - senior loan officer with Bay Financial:

Cars brake retail: Steered by poor auto sales, retail growth slowed to a paltry 0.1 percent, weakening inflation, and dimming prospects of an interest rate hike in December. With only mild wage increases, consumers aren't committing to strong spending - except at restaurants and bars - where sales rose a healthy 0.5 percent. -CNBC

Terror trends: After attacks killed scores of people in Paris last week, French markets quickly rebounded after an initial shock, reprising similar reactions in global financial markets over the last 15 years. Stock volatility following terror incidents in the U.S., Bali, Spain, London, and now Paris, has been increasingly short-lived. -Bloomberg

Commodity crash: U.S. crude futures fell sharply to $41.38 a barrel last week as world oil stockpiles hit a record 3 billion barrels. The increased possibility of a U.S. interest rate hike in December has gold and other precious metals threatening five-year lows. Stocks slid in Asian and domestic markets, as the ongoing commodities slump deterred investors from riskier assets.
-The Associated Press

Little import: U.S. import prices fell 0.5 percent in October due to the strong dollar and soft global demand. Import prices have tumbled 10.5 percent in the last the 12 months, leaving inflation persistently below the Federal Reserve's 2 percent target. - CNBC

Mortgage rates rise: After a strong October jobs report, investors pushed Treasury yields to 2.3 percent, betting on the likelihood of short-term interest rate hike in December. Mortgage rates followed early last week, jumping 11 basis points to 3.98, the highest since July. Rates steadied around 4 percent by weeks end.
-Mortgage News Daily

Strong sales: Existing home sales and short inventories kept sales brisk in the third quarter of 2015. Overall prices increased in 154 of the 178 metropolitan areas tracked by the National Association of Realtors, though appreciation slowed to a "healthy" 5.5 percent. The median existing single-family home price in the third quarter was $229,000, up from $217,100 a year earlier. - Mortgage News Daily

Seller sentiment: A survey shows a whopping 60 percent of potential sellers believe home prices will continue to rise, and most are less concerned about the prospect of rising interest rates. Only 16 percent of respondents listed interest rates as their top motivation to sell, compared to 59 percent in 2014. -The M Report

Condo modification: In an effort to increase housing choices for low-to moderate-income buyers, new FHA guidelines streamline the agency's recertification process for condominiums, as well as expanding the eligibility of acceptable units and acceptable insurance coverages. -HUD

Global slowdown: Economists with the International Monetary Fund warn the global economy could be headed for a protracted period of "sub-par growth." A U.S. hike in benchmark interest rates could trigger debt crises in emerging economies, worsening tense world conflicts, aggravating slumping commodity prices and further slowing the Chinese economy. -Reuters

1990 - The "Best New Artist" Grammy Award is stripped from pop duo Milli Vanilli Nov. 19, after it is learned they did not sing on their album.

1989 - Riot police put down a student demonstration in the streets of Prague Nov. 17, sparking 41 days of civil unrest, and the end of communist rule in Czechoslovakia.

1978 - More than 900 American members of a leftist cult headed by Jim Jones die in Guyana Nov. 18, most by cyanide poisoning.

1969 - The U.S. Apollo 12 moon lander touches down Nov. 19. Color broadcast of this second manned lunar mission ends when the camera is accidentally pointed at the Sun.

1962 - President John Kennedy issues an executive order Nov. 20, mandating an end to discrimination in housing.

1869 - After overcoming numerous technical, political and financial problems, the Suez Canal in Egypt opens Nov. 17.

1863 - President Abraham Lincoln delivers the "Gettysburg Address" Nov. 19, at a cemetery site dedicated on the Gettysburg, PA battlefield.

Take a look at this gem in River Run at Keystone...perfect rental and getaway for you and your family this season:

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91 RIVER RUN RD

Price: $468,000

Beds: 2

Baths: 2

Sq Ft: 1103

Like great art, a lovely place that is utterly compelling from every angle. Furnished w/ charm & class, the huge vaulted ceilings throughout open the light and look of this special place. Overlooking the heart of River Run Village & a short walk to ...

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And Here's Your Morning Coffee!

Summit County Market Reports

by Allison Simson

Happy Tuesday Morning to YOU!

As the last of the fall colors fade, the ski areas are opening up one by one and the snowmakers are crazy-busy! We truly have enjoyed one of the more spectacular fall seasons we have seen in a while - day after day of endless blue skies and perfect temperatures.  The mountains are surrendering to snow and what promises to be another great winter season.  We've been busy this fall - sales haven't slowed down thanks to low inventory and buyers who know they want to live the Summit County lifestyle!  We are grateful!

Here are some market highlights;

1) Breckenridge
 
 
2) Dillon
 
 
3) Frisco
 
 
4) Keystone
 
 
5) Summit County Update
 
 
6) Wildernest Silverthorne
 

?Winter fun is on the way!  Come on up and join us!

 

 

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9432 Ryan Gulch Rd

Price: $295,000

Beds: 2

Baths: 2

Sq Ft: 882

This property is the TICKET! Open floor plan w soaring views-they go on & on instantly reminding us why we're all here. Recently updated appliances and flooring. Heat is included in dues! Who doesn't love that? Great clubhouse w/pool, hot tu...

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And Here's Your Morning Coffee!

 

Displaying blog entries 1-4 of 4

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Contact Information

Photo of Summit Real Estate Real Estate
Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker