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Christa's HOT PICK for the week!

by Cory Dudley

My HOT PICK for the week is 2620 Pheasant Dr. in Longmont. Situated just blocks from McIntosh Lake and Dawson Park, this Northwest Longmont home is has wonderful potential.

The main level has vaulted ceilings, an open floor plan, and a beautiful chef's kitchen for entertaining and Sunday dinners this winter. 

A cozy gas fireplace off the kitchen creates a cozy gathering space for loved ones and guests while you're busy in the kitchen. And beautiful hardwoods tie the space together.

A large, fenced backyard with mature landscaping for gardening, playing catch and pets to run.

And a finished basement complete with egress windows provide even more storage, bedrooms, office or project space. 

Dawson Park and McIntosh Lake are steps away!




Please call, text or email us to see this listing, others similar, or the perfect home for you!

Click for more info on 2620 Pheasant Dr.

Christa Marsh
christa@justlistedcolo.com
303-913-9698


As our Lead Buyer's Agent, Christa loves the entire journey of helping Buyers find their perfect home. Professionalism, communication and strong business skills allow her and her clients to rise to the top in this competitive market place.

Christa is a REALTOR® and Lead Buyer's Agent for The Winning Team Real Estate Group. As an Old Town resident, Christa has knowledge of the market and strong relationships in the Real Estate community. With a Sales and Business background and family experience in both Commercial and Residential Contracting, Christa is a well-rounded and informed Full-Time Agent.

In between showings and Closings, Christa enjoys caring for her home in the Historic Westside of Longmont, and playing in the mountains- trail running, skiing and biking. Christa brings 100% to all she does especially to her work! 

Listing by Steven Noel of ReMax

​Images Courtesy of IRES MLS

Cory's HOT PICK of the Week!

by Cory Dudley

 

Cory's HOT PICK is 1612-1618 Green Place; 1977 four-plex located on the SW edge of Old Town Longmont. The location near downtown and beautiful historic neighborhoods simply can't be beat, making this is a solid investment opportunity...

 

 

 

The quiet location on a cul-de-sac means no through traffic and ample parking, including the 8 off-street parking spaces that belong to the property.

 

 

Each unit has a garden level basement, central A/C and an outdoor yard area. Three of the units also include a private storage shed

 

 

 

Units 1616 and 1618 have been significantly renovated and updated, and the building received a new roof in 2014. Landscaping work at included a new sprinkler system to help care for the mature trees

 

 

 

 

The market for multi-family investment properties has never been stronger! Well cared for properties are selling within days to savvy investors and this one is no exception... The future potential cash-flow is solid on this well maintained four-plex, and it's located in one of the hottest trending areas of town.

 

We see nothing but upside on this investment!

 

(Listed by WK Real Estate)

 

Give me a call to schedule a private showing...

 

 

Cory feels blessed and honored to be a top producing, full-time real estate broker and business owner in  beautiful Colorado. He gives everything he has to fulfilling his client’s dreams of home ownership - and it’s a privilege he doesn’t take lightly. 

Cory can be reached by mobile at 303.641.8597 or email at cory@justlistedcolo.com.

 

 

Renting or Buying... Either Way You're Paying a Mortgage!

by Cory Dudley

 

 

There are some people who have not purchased homes 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 yours or your landlord’s...

As Entrepreneur Magazine, a premier source for small business, explained this month in their article, “12 Practical Steps to Getting Rich”:

“While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.23% last week.

 

Buying Is More Affordable Than Renting in 66% Of U.S. Counties

by Cory Dudley

 

 

According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.

The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).”

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).

Rents have been surging faster than home prices in about 37% of the markets measured. Daren Blomquist, Senior Vice President of ATTOM Data Solutions warns that rising interest rates could be the tipping point of affordability:

“While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017. In that scenario, renters who have not yet made the leap to homeownership will find it even more difficult to make that leap this year.”

Bottom Line

Rents will continue to rise and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, meet with our team! We can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.

 

Christa Kenny, Buyer's Specialist, At It Again!

by Cory Dudley

 

Congratulations to our buyers!

 

We've helped them go under contract on a great home in Mead, Colorado. With quick access to I-25 and close proximity to all things fun on the Front Range, Mead is a wonderful place to call 'home.'

 

 

It's an open-style ranch, nestled in the neighborhood of Margil Farms.

 

 

 

The unfinished basement is an added bonus, and offers additional space.

 

 

The landscaping is fully matured and includes vinyl fencing. But the views can't be beat and the yard backs right up to open space!

 

 

 

 

Congratulations to our Investment Buyers!

In case you didn't know, Mead holds Summer Concerts in Mead Town Park through August 18th! Below are the dates, just in case you want to get an "old town" feel for the night!

 

 

 

 

Christa is a Licensed REALTOR for The Winning Team Real Estate Group at Old Town Real Estate in beautiful Longmont, Colorado. Christa is The Winning Team's Buyer's Specialist. Her business background gives her the experience and expertise a Buyer needs and wants in today's competitive market. Christa lives with her contractor husband, Guy, and their two pups Bubba and Whim in the foothills of North Boulder. Christa can be found spending her free time mountain biking, skiing, running and enjoying her home and property. It's all that Colorado has to offer that keeps Christa and Guy happy, healthy and enjoying life to it's fullest.

Christa can be contacted via email christa@justlistedcolo.com  or mobile 303.913.9698.

 

According to an April Gallup poll that is conducted annually, 35% of Americans currently consider real estate to be the best long-term investment, beating out bonds, savings accounts/CDs, stocks or mutual funds, and even gold.

 

 

2015 marks two years straight in which real estate has beaten other investment strategies in the minds of Americans, but most importantly, the overall opinion of real estate being a financially sound investment strategy is becoming more widely accepted. There's a trend occurring here, and it's all fantastic news for those actively involved in - or looking to become involve in - the world of real estate.

Real estate and gold have essentially flip-flopped following declining gold prices the past five years and a steady recovery in real estate sales after the housing market collapse from 2007-2009.

 

 

Local Boulder, CO mortgage guru, Michaela Phillips, warns that though purchasing investment properties can be a very fruitful enterprise, there are things to consider before diving into the deep end. "If you're considering buying a home, condo, or multi-unit building with the intent to lease, you need to be aware of the work that goes into managing your future property. In comparison to being a homeowner, being a landlord comes with a different set of responsibilities and benefits."

 

Some other risks to using real estate as your star investment strategy include the waiting time to sell it, and the requirements on you to pay property taxes, properly insure and maintain your investment.

 

Regardless of the warnings, there appears to be a direct correlation between increasing home prices and people's opinion on real estate as a viable means to grow their wealth - As the average sale price of new homes in the U.S. increased from $259,300 to $348,900 between August 2011 and February 2016, the percentage of Americans putting their money on real estate investments nearly doubled. In fact, with housing prices showing a steady path upwards in the most recent months, Gallup found that even stock investors are about as likely to choose real estate as stocks as the best long-term investment!

 

 

"For many investors, the tangible nature of real estate simply offers much more peace of mind than the intangible nature of stock and bonds," says Stephen Doucette, vice president of Proctor Financial in Sherborn, Massachusetts. "Real estate pricing also adds peace of mind to investors as pricing seems more stable because it is not updated daily by the media."

 

Simply put - real estate has a distinct appeal to it that other financial assets can't match.

 

 

If you'd like to explore adding real estate investments to your portfolio, don't hesitate get in touch!

 

 

Now here’s a perfect investment property that is nicely located in the upward trending neighborhood of Dodd Estates subdivision.

 

 

With its ideal location to schools, parks and shops it should rent in the $1,850 to $2,100 range and with 25% down that should net a capable investor about $525 to $765 a month.

 

 

Furthermore, the local 5-7 year prediction is looking like an average of at least 6–9% appreciation annually… Now’s a great time to plan for the future and invest.

 

 

(Listed by Keller Williams 1st Realty - Longmont, CO)

 

Call us if you’d like a SOLD sign in your portfolio!

 

 

If You're Single and Looking to Buy, Read This First!

by Cory Dudley

Single women have officially beaten out single men as a percentage of  home buyers overall. But as far as must-haves and must-knows, what might a single person need to consider? Before you take the plunge, here are some things to think about....

Know your budget, inside and out!

Being able to buy a home on your own is an impressive feat, and a very smart move toward establishing a strong and sound financial future. But make sure that you find a home that is well within your budget - if you lose your job or experience a major health issue, it is your income and yours alone that you will depend on to keep you afloat.

Who's going to clean the gutters?

While this could be appealing to certain individuals with a knack for the 'hands-on' approach, the rest of us may feel differently. As the only person with a set of keys, you're also the one solely responsible for regular (and irregular) maintenance! For individuals who aren't keen on climbing the ladder to check out that crumbling shingle or hate mowing the lawn, condominiums and town homes offer a far less daunting package.

Basically, don't buy a house that you don't feel comfortable managing on your own.

Look Forward

You've fallen for that adorable, one bedroom condo because of it's character and great location, and a week later you meet someone special at your local coffee shop. Suddenly your 'cozy charmer' seems pretty cramped! Keep in mind that someday you may add a significant other to your team, and possibly even children or additional pets. Though it may suit you for the time being, it's important to consider your potential future plans when making such an investment. Even if it means choosing a place with a spare bedroom is a smart choice - as long as it's still within your budget.

And on that note...

Always Consider Resale Value

Yes, this is a wonderful long-term investment, but there are so many reasons that single home buyers may need to change their living situation, such as relocating for a new job or a lifestyle change. It's vital that you consider resale value when looking for a home. Find something that fits you, but could also fit the next person to come along!

Choose the Right Neighborhood

Don't settle down somewhere that doesn't fit your hobbies, goals, lifestyle.. For the most part, a single man or woman often wants to be close to where the action is! You're looking for quality restaurants that offer a killer happy hour, access to rowdy sporting events, a booming nightlife nearby and shopping... However, you may also want to consider that you'll be living on your own. You want somewhere you'll feel safe and secure while relaxing at home, and not worried about if you leave for the weekend. Make sure there is low crime rate where you choose to settle down.

 

Click here if you want help falling in love with your dream house!

 

 

This Year Predicted to be Best for Real Estate Since 2006

by Cory Dudley

 

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:

“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”

The key indicators that have given Freddie Mac such a positive outlook are:

  • Low interest rates
  • A resilient labor market
  • An increase in household formations
  • A projected increase in newly constructed homes

Bottom Line

2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling, now may be the time to sit down with a real estate professional to discuss the new opportunities that are arising.

 

HOT PICK! Rare Investment Opportunity in Old Town Longmont

by Cory Dudley

Looking for that perfect property to provide steady cash flow, in a thriving downtown neighborhood? Look no further!

This is quite the opportunity to purchase a two-building property, one consisting of 8 units and the other containing 10 unites. 

Old Town Longmont has seen significant growth, revitalization and new development during the past few years, which puts this property in a prime location.


It is conveniently located two blocks from Main St, where local shopping and dining is plentiful...

And within two blocks of Roosevelt Park and Thompson Park, which both offer fun for every season.

 

 

(Listed by RE/MAX Traditions Commercial, Longmont)

If you're interested in this property, we'd love to help - get in touch today!

Displaying blog entries 1-10 of 35

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