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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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Have You Set Up Personalized Posts Yet? | Keeping Current Matters



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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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 ...

View this property >>

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...

View this property >>

And Here's Your Morning Coffee!


Dual-Master Suites

by Allison Simson

Happy Tuesday Morning to YOU!

I just received this article from Tiger Home Inspections, and while I'll admit it made me giggle, it's always interesting to hear about the new design ideas out there....thought you might enjoy it, too! 

Hope you get a good night's sleep...and that you have a chance to enjoy the amazing fall we are having in Summit County- the leaves are spectacular!

See you on the slopes - before you know it!  

And Here's Your Morning Coffee!

Renters: It is about to Get A Lot Worse

by KCM Blog

Renters: It is about to Get A Lot Worse

Posted: 30 Sep 2015 04:00 AM PDT

Renters: It is about to Get A Lot Worse | Keeping Current Matters

We often promote homeownership over renting when a family is ready, willing and able to purchase. There are both financial and non-financial benefits to owning a home of your own. Based on the headlines below, many news outlets agreed with us after they reviewed a recent report from the Harvard Joint Center for Housing Studies and Enterprise Community Partners. The study states that the number of households spending 50% or more of their income on rent is expected to rise by over ten percent in the next decade. They concluded:

“Overall, this white paper projects a fairly bleak picture of severe renter burdens across the US for the coming decade.”

What do other experts think of the report? You can tell by the headlines they chose to introduce their stories:

“Renters, get ready to take it on the chin” - CNBC

“The Rent Crisis Is About to Get a Lot Worse” - Bloomberg Business

“Renters Will Continue to Struggle for the Next Decade” - World Street Journal

“Why the renting crisis could be about to get a lot worse” - Fortune Magazine

“Soaring rents are a problem that will only get worse” - Business Insider

“High rents are here to stay” - The Real Deal

Bottom Line

If you are thinking about buying a home and are financially positioned to do so, now may be better than later. You can download the entire white paper here: Projecting Trends in Severely Cost-Burdened Renters

Billionaire Says Real Estate is Best Investment Possible

by Allison Simson

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:

"I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.”

Who is John Paulson?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.”

Why does he believe homeownership is such a great investment?

Paulson breaks down the math of homeownership as an investment:

"Today financing costs are extraordinarily low.”

The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage for under 4%.

“And if you put down, let's say, 10 percent and the house is up 5 percent,” as many experts predict, “then you would be up 50 percent on your investment."

How many are seeing a 50% return on a cash investment right now?

Paulson goes on to compare the long term financial benefits of owning verses renting:

“And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”

Bottom Line

Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.

Real Estate Heading in the "Right Direction"

by Allison Simson

Real Estate Heading in the “Right Direction”

Real Estate Heading in the “Right Direction” | Keeping Current Matters

The housing market has taken a great turn toward recovery over the last few years. The opinions of the American public toward real estate took longer to recover, until recently.

For the first time since 2006, Americans have an overall positive view of real estate, giving the industry a 12% positive ranking in a Gallup poll.

Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from "very positive" to "very negative." The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”.

America's View on Real Estate | Keeping Current Matters

Americans’ view of the real estate industry worsened from 2003 to the -40% plummet of 2008.  Gallup offers some insight into the reason for decline:

Prices Dropped

“In late 2006, real estate prices in the U.S. began falling rapidly, and continued to drop. Many homeowners saw their home values plummet, likely contributing to real estate's image taking a hard hit.”

Housing Bubble

“The large drops in the positive images of banking and real estate in 2008 and 2009 reflect both industries' close ties to the recession, which was precipitated in large part because of the mortgage-related housing bubble.”

Bottom Line

“Although the image of real estate remains below the average of 24 industries Gallup has tracked, the sharp recovery from previous extreme low points suggests it is heading in the right direction.”

If the news of recovery has you considering homeownership, meet with a local real estate professional to discuss the opportunities that exist in today’s market.

Either Way, You’re Still Paying a Mortgage

by Allison Simson

Either Way, You’re Still Paying a Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

And, as an owner, the mortgage payment is a ‘forced savings’ which will allow you to have equity in your home you can tap into later in your life. As a renter, you guarantee the landlord is the person with that equity.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are still at bargain prices.

Buying a House? 4 Reasons to DO IT NOW!

by Allison Simson

Buying a House? 4 Reasons to DO IT NOW | Keeping Current Matters

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although the Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage are currently around 4.2%, Freddie Mac is projecting that rates will increase to 5.2% by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way, You are Paying a Mortgage

As a research paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.


What Will Matter

by Allison Simson

Happy Tuesday Morning to YOU!

Every year at this time we can't help but stop and see how much we have to be grateful for.  We are so lucky to work with amazing people from around the world and to enjoy the support of a great group of humans who we truly love!  Thank you from the bottom of our hearts for being a positive part of our world! 

What Will Matter “Ready or not, some day it will all come to an end.   There will be no more sunrises, no minutes, hours or days.   All the things you collected, whether treasured or forgotten, will pass to someone else. Your wealth, fame and temporal power will shrivel to irrelevance.    It will not matter what you owned or what you were owed.

Your grudges, resentments, frustrations and jealousies will finally disappear. So too, your hopes, ambitions, plans and to-do lists will expire. The wins and losses that once seemed so important will fade away. It won't matter where you came from or what side of the tracks you lived on at the end. It won't matter whether you were beautiful or brilliant. Even your gender and skin color will be irrelevant.

So what will matter? How will the value of your days be measured? What will matter is not what you bought, but what you built; Not what you got, but what you gave. What will matter is not your success, but your significance. What will matter is not what you learned, but what you taught. What will matter is every act of integrity, compassion, courage or sacrifice that enriched, empowered or encouraged others to emulate your example. What will matter is not your competence, but your character.

What will matter is not how many people you knew, but how many will feel a lasting loss when you're gone. What will matter is not your memories, but the memories that live in those who loved you. What will matter is how long you will be remembered, by whom and for what. Living a life that matters doesn't happen by accident.

It's not a matter of circumstance but of choice.

Choose to live a life that matters.”                                                                                      
                              ~ Michael Josephson

One of the best things about living and spending time in Summit County, Colorado is the chance to get quiet and still and enjoy the quiet snowfall in the beauty of the majestic mountains.  This holiday season, we hope for you and yours love, peace and some stillness!

See you on the slopes!


Allison Simson, Owner/Broker
Kelie Gray, Buyer Specialist
Sarah McNeill, Buyer Specialist
Glenda Pfeifer, Buyer Specialist
Jen O'Neill, Client Care Manager
Margaret Bowes, Transaction Coordinator

Displaying blog entries 1-10 of 117




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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
Fax: 970-468-2195

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