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Just SOLD! 108 Bowen, Longmont, CO

by Cory Dudley

The Winning Team Real Estate group at Old Town Real Estate Co just closed on another Historic Old Town property.


The Listing Agent was our Broker Owner, Cory Dudley, an 18 year veteran of the Real Estate industry. “I had the pleasure of, and a lot of fun helping my Sellers market this cute cottage. We took advantage of well-timed Social media seeding, Front page local advertising, Open House and Virtual tours with professional photography.” 

Right now is an exceptional time to market certain properties... others may fair better waiting until Spring. Let one of our team members help you decide by personally evaluating your home.

 

Cory gives everything he has to fulfilling his client's dreams of home ownership - and it's a privilege he doesn't take lightly.

Cory is proud and honored to have served this community for the last 18 years as a full-time real estate broker and owner of Old Town Real Estate. It brings him pride to know that people come to him as a trusted adviser when selecting a home in Boulder County and specifically in our beloved Old Town neighborhoods.

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

 

Christa's HOT PICK for the week! Estes Park Winter Getaway

by Cory Dudley

Beautiful Estes Park Mountain Getaway. Perfect for Holidays in the Mountains!

 ~ Listed at $469,000 ~

2616 Sunrise Ct. in Estes Park, Colorado

Hardwood Floors throughout, a cozy woodstove, open floor plan...
A great base camp for Rocky Mountain adventures. 



Views of Longs Peak and Lumpy Ridge


A quiet setting close to town. Wildlife viewing at its best!

Call us to check it out or send it to your friends looking for a mountain getaway in Colorado!


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! 

Contact Christa to see this Listing, talk about other homes on the market, or just chat about real estate plans.
303-913-9698 or christa@justlistedcolo.com

Listed by: Dave Kiser at REMAX Mountain Brokers

 

Rocky Mountain National Park Series - December 3rd Full Moon Hike

by Cory Dudley

Bask in the light of the full moon in Rocky Mountain National Park this Sunday 12/3.

What better a way to get into the holiday spirit! 


Photo Credit: NPS/Russell Smith

The Rocky Mountain Rangers lead Full Moon Walks in the winter months, the first one this coming Sunday. Groups leave from Beaver Meadows at 5 pm. Reservations are required and can be made in person or you can call the Beaver Meadows Visitor Center at 970-586-1223. Maybe there will even be a little fresh snow from the system that passes through Sunday - fingers crossed!

Boulder County's 3 Billion Dollar Surge in Property Values!

by Cory Dudley

For a seven week period in September and October, six hearing rooms at the Boulder County Justice Center are booked all day, every day. During this time, Boulder County property owners are given a 20-minute slot to plead their case to lower assessed values for their homes and business.

Since 2013, Boulder County property values have soared 35.7%; the largest increase in at least 20 years. As a result, homes and businesses totaled are worth $3 billion more than four years ago.

Where your property taxes go.


Source: Timescall.com via Boulder County, 07 Nov 2017

With this boom comes a dramatic increase in property tax bills and it's causing major alarm for home and business owners. Many feel the County should be lowering the bills or giving refunds, other say the entire system is broken. The business community is feeling the sting even more, as they are paying roughly 3 times more then homeowners. This year, the state reduced the base assessment rate for homeowners from 7.96% or 7.2% to help buffer from the sharp rise in values. But for businesses, the rate stays steady from year to year, and is now four times higher at 29%. 

How are property taxes calculated?

Market Value x Assessment Rate = Assessed Value x Mill Levy = Your Tax Bill

 

Percent change in value for residential properties in Boulder County - 2015 to 2017


Source: Timescall.com, 07 Nov 2017 

From long-standing businesses who fear they won't be able to afford to stay in Boulder County, to residents on fixed incomes that don't have financial flexibility, the community is speaking out and taking action. Many home owners have been successful at lowering their tax rate, but businesses need time to plan and come up with other options. More at http://bit.ly/2yg4Yi8.


 

Net Worth of Homeowners 44x Greater than Renters

by Cory Dudley

 

 

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter!

 

Owning a home is a great way to build family wealth

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

 

Greater equity in your home gives you options

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.

 

Thinking of Selling? Competition is Coming!

by Cory Dudley

 

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.

 

How will this impact buyers?

 

More inventory means more options. Danielle Hale, Realtor.com’s Chief Economist, explained this is good news for the housing market - especially for those looking to buy:

"It's not spectacular construction growth, but it's slow and steady in the right direction. Eventually, the pickup in single-family home construction will mean [buyers] will have more options. Especially with the limited number of sales right now, more options are really needed."

 


 

How will this impact sellers?

 

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it
  2. A quick sale as buyers have so little to choose from
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal

 

With an increase in competition, the seller may not enjoy these same benefits. As Hale said:

"As new construction continues to increase, home shoppers will eventually have more [choices] and a bit more time to make purchase decisions compared to today's quick-moving housing market."

 


 

Bottom Line

 

If you are considering the sale of your home, it might make sense to beat this new construction competition to the market.

 

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.

 

 

5 Reasons to Sell this Fall!

by Cory Dudley

 

 

Here are five reasons listing your home for sale this fall makes sense....

 

1. Demand Is Strong

The 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 are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

 

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market.

This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was six, but that number has jumped to an average of almost nine years since 2008. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

 

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.

 

 

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move-up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 5.0% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

 

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

 

That is what is truly important.

 

Buyers Need Your Home!

by Cory Dudley

 

 

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added):

 

Mark Fleming, First American’s Chief Economist

“The underlying fundamental issue is an overwhelming lack of supply… The supply of newly constructed homes is also sagging, adding to the supply challenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.”

 

Svenja Gudell, Zillow’s Chief Economist

“Everyone has been talking about tight inventory but I think we are OK calling it a straight up inventory crisis at this point. We just don’t have enough homes.”

 

Sean Becketti, Freddie Mac’s Chief Economist

“House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale.”

 

Lawrence Yun, National Association of Realtors’ Chief Economist

“Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines.”

 

Bottom Line

If you are considering selling your house soon, GIVE US  CALL. Now is the perfect time to get on the market; the lack of competition will likely lead to a faster sale at a higher price!

 


4 Reasons to Buy This Fall...

by Cory Dudley

 

 

It’s that time of year; the seasons are changing and with them come thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further to find four great reasons to consider buying a home now, instead of waiting.

 

1. Prices Will Continue to Rise

 

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.5% a year for the next 5 years.

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 Remain at Historic Lows

 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained at or below 3.5% for 13 consecutive weeks. The Mortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

Any increase in rates will impact YOUR monthly mortgage payment. A year from now, the percentage of your income that you spend on housing will increase substantially if you choose to wait.

 

3. Either Way You Are Paying 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.”

 

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 now is the 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.

 

Displaying blog entries 1-10 of 72

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Cory Dudley
The Winning Team Real Estate Group
522 Kimbark St
Longmont CO 80501
Mobile: (303) 641-8597
Office: (303) 776-4004
Fax: (303) 776-4661