Real Estate Information Archive


Displaying blog entries 1-9 of 9

What Is The Cost Of Waiting Until Next Year To Buy?

by Cory Dudley

Over the course of the last 12 months, home prices have appreciated by 7.0%. In that same amount of time, interest rates have remained low allowing many buyers to enter the market.

As a Seller, you may be concerned about ‘short-term price’ – where home values are headed over the next six months. As a Buyer, however, your attention may be more focused on the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase in 2018. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 4.7% over the next 12 months.

What Does This Mean as a Buyer?
If home prices appreciate by 4.7% over the next twelve months, here is a simple chart of the impact an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

Bottom Line
If buying a home is in your plan for 2018, doing it sooner rather than later could significantly save you thousands over the terms of your loan.

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,’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.


5 Reasons NOT to FSBO!

by Cory Dudley



In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons...

1. Exposure to Prospective Buyers 

Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the homes they actually purchased?

  • 51% on the internet
  • 34% from a Real Estate Agent
  • 8% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With 

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years. 

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money When Using an Agent 

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn’t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.


Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.




What Would You Sacrifice For Your Next Home?

by Cory Dudley


What would you sacrifice in order to buy your next home - or maybe even your first home? No matter how badly we want to purchase a home, there seem to be limits to what people are willing to give up to make it all happen... 

Owning a home is certainly a milestone in people's lives, and one worth sacrificing other things for! 95% of first-time home buyers are willing to make sacrifices to own a home and 75% of experienced homebuyers were willing to make sacrifices. But where are the sacrifices occurring?



Bank of America's Homebuyers Insight Report revealed that "a majority of homebuyers, especially those purchasing their first home, are looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones." 

Give us a call if you're interested in putting down roots of your own! And click HERE for a list of homes currently available on the market in Longmont....


Millenial First-Time Buyers to Drive 2017 Home Sales

by Cory Dudley



Despite the fact that a home inventory shortage is expected to maintain going into 2017, the National Association of Realtors predicts that the much-awaited influx of young, first-time "millenial" home buyers will begin trickling in these next couple years.

In general, there are many reasons why people are waiting longer to buy a home than in years past; marrying and having children later in life, massive student debt obligations to handle, and lackluster job prospects have all taken a toll on the generation entering the market now. However, experts believe a tipping point is finally approaching in 2017 and 2018, mostly because the next wave of potential buyers are in their low 30's.



The estimated weight of the student debt load currently affection 71% of millenial aged buyers is a staggering $1.3 trillion, which obviously hugely affects their ability to buy anything - let alone the prices that we've seen continuing to increase throughout Colorado, and especially in Boulder county. As a result, the median age of a first-time home buyers is now 32, matching the all-time high which was set in 2006, according to the National Association of Realtors.

This new generation of buyers is very much focused on making a sound financial decision. Also important are things such as safety, privacy, and more space - both indoors and outdoors. Their top reasons for buying a home are that they are getting married or moving in with a partner, growing tired of their current living space or are planning an addition to the family. Sometimes it's all three driving forces!



In contrast to 2016, when only 33% of people planning to buy a home were first-time home buyers, next year 52% of buyers eyeing the market will be first-timers. 61% of those are under 35 years old!

We are always excited and equipped to help home buyers (first-timers or seasoned) with the entire process. Our team takes care of a client from every angle, making sure that we provide above and beyond service that's both personable and knowledgeable.

Give us a call, especially if you're thinking of buying your first home in the upcoming year!


This Year Predicted to be Best for Real Estate Since 2006

by Cory Dudley


A few weeks ago, Jonathan Smoke, the Chief Economist at, 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.


Just Sold in the Exclusive Fox Hill Neighborhood!

by Cory Dudley


The Winning Team Real Estate Group just closed on a beautiful home in the Fox Hill neighborhood in Longmont.



Congratulations to both the Sellers and Buyer. I was honored to represent them both in this major next chapter of their lives!




Call us if you want a 'SOLD' sign in your yard!



Yacht Club Condo Goes Under Contract

by Cory Dudley


Do you remember Howell's Hut on Gilligan's Island?



We're happy to say that while this under contract Yacht Club condo

also resides near water, it clearly has much more to offer!



This garden-level home provides water views of

Hidden Lake in Westminster, and even offers a wood burning

fireplace to cozy up next to at the end of the day!



Congratulations to the buyers and sellers!

Ananda Etcheverry - The Winning Team Real Estate Group


Call us if you want a 'SOLD' sign in your yard!


Housing Market to 'Spring Forward' This Year

by Cory Dudley

Housing Market To “Spring Forward” This Year | Keeping Current Matters

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2015 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2016 and want a 'Sold' sign in your card, call us!

Displaying blog entries 1-9 of 9