The Mortgage Process: What You Need to Know [INFOGRAPHIC]
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you ...
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Posted by Allison Simson on October 9, 2017 in Archived
5 Reasons to Sell This Fall
1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and ...
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Posted by Allison Simson on September 28, 2017 in Archived
Happily Ever Homeowner
Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and ...
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Posted by Allison Simson on September 26, 2017 in Archived
Why Are So Few Homes for Sale?
There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.”First American just ...
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Posted by Allison Simson on September 22, 2017 in Archived
How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]
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Posted by Allison Simson on September 11, 2017 in Archived
Where Are Home Prices Heading in The Next 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate ...
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Posted by Allison Simson on August 30, 2017 in Archived
Don't Disqualify Yourself... 52% of Approved Loans Have A FICO® Score Under 750
The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.One such study by the Wharton School of Business at ...
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Posted by Allison Simson on August 28, 2017 in Archived
58% of Homeowners See a Drop in Home Values Coming
According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.After what transpired just ten years ago, we can understand ...
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Posted by Allison Simson on August 17, 2017 in Archived
Rising Home Prices Mean Great News for Homeowners
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for ...
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Posted by Allison Simson on July 25, 2017 in Archived
Homeowners: Your Home Must Be Sold TWICE
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in ...
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Posted by Allison Simson on July 13, 2017 in Archived
Happy (almost) 4th of July!
Happy (almost) 4th of July! Independence day in Summit County is one of my very favorite holidays! Fun, sun, parades, fireworks, cool mountain air and family! What could be sweeter....??Here are some tips I've gleaned to make your holiday even ...
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Posted by Allison Simson on July 3, 2017 in Archived
2 Myths Holding Back Home Buyers
In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.”Myth #1: “I Need a 20% Down ...
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Posted by Allison Simson on June 26, 2017 in Archived
Home Sales Expected to Soar Through 2018: What Buyers Need to Know
By now just about every would-be buyer out there knows there simply aren't enough homes for sale these days to appease the hordes of competition. But despite the shortages, rising prices, and bidding wars, more homes are expected to be sold this ...
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Posted by Allison Simson on June 21, 2017 in Archived
What should you do when you are here in Summit County?
Tuesday, June 20th is the first official day of summer- the longest day of the year - but summer is in full-swing here in the high country! The glorious warm, summer days are precious up here so we start counting early! What should you do when you ...
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Posted by Allison Simson on June 20, 2017 in Archived
Gallup: Real Estate is Best Long-Term Investment 4 Years Running
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.For the fourth year in a row, Real Estate ...
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Posted by Allison Simson on May 10, 2017 in Archived
Short-term vacation rentals surging in Colorado mountain towns
Nearly 3,000 homeowners netted $32 million during this ski season, a doubling from the previous season, Airbnb saysJennifer Dahir-Kanehl works 50 hours a week at a Breckenridge restaurant to pay her mortgage. This past winter she and her boyfriend ...
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Posted by Allison Simson on May 9, 2017 in Archived
Summit Real Estate's Recommended Service Providers List
People are always asking us for recommendations of who to use for everything from carpet cleaning to window replacement to who does the best nails! Over the years, we have worked with many companies and have put together a list of people we've ...
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Posted by Allison Simson on May 3, 2017 in Archived
Homes are Selling Fast Across the Country [INFOGRAPHIC]
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Posted by Allison Simson on April 28, 2017 in Archived
Your Tax Return: Bring it Home
This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question - “What do ...
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Posted by Allison Simson on April 28, 2017 in Archived
Thinking of Selling? Now Is the Time to Act
Thinking of Selling? Now Is the Time to ActIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school ...
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Posted by Allison Simson on April 28, 2017 in Archived