Seeing a city in a new way

It isn’t too often that you see my own face on this blog! (That’s me at left, alongside my friend Hannah.) When I’m not selling homes, taking business meetings over ice cream, or sharing tips on homeownership, I am out and about in Colorado just like many of you. It is important to me to be familiar with the area so that I can tell you not only about the homes on the market, but about the  lifestyle and sense of community in various areas across the state.

Luckily I have help when it comes to exploring! My husband who is always interested in checking out a new brewery, and I have a tiny human who is naturally curious about the world. (For example, he and I recently met bison up close at Terry Bison Ranch Cheyenne, Wyoming!)

One of my secrets to getting to know an area is to sign up for a race, such as a 5k. It’s great exercise, sure, but it’s also a wonderful opportunity to visit a new part of town, or even a new-to-you city. My family always looks forward to the BolderBoulder race, and over Labor Day we took on the Fortitude 10k together, which was a sweet bonding experience that also gave me an excuse to admire all of the gorgeous historic homes along my favorite street, Mountain Avenue.

This weekend, my race was the Fall Equinox 5-mile. Even though I am based in Fort Collins, this race gave me an entirely new perspective on the area as I explored the stunning Poudre River Canyon on foot. This is why many people move to Colorado: to walk or run along a wild and scenic river as the sun rises over the canyon. For homebuyers, the Colorado lifestyle can be as important as the house itself. If you’re interested in talking to an agent who is passionate about both, please reach out!

Posted on September 29, 2019 at 7:00 am
Anali Roath | Category: Buying, Fort Collins Real Estate, Fun Facts | Tagged , , , , , ,

Greeley’s Friday Fest

Festival season is well underway! Have you planned out all the bands you’ll check out and all the street meats you’ll sample?

Be sure that Friday Fest is on your list. Every year, downtown Greeley offers up their summer-long lineup of free music and fun. Bring the kids along and enjoy face painting, chalk art, street performances and more.

During Friday Fest, the city also offers “Go-Cup service” — purchase an adult beverage at any of Greeley’s restaurants and you are welcome to take that drink with you to the Fest’s outdoor concerts and activities. (Mom and dad deserve a fun night out, too…)

Don’t forget that a move can be about more than a house. It can also be about wanting more night life, a more family-friendly city or more summer fun. What are your new neighborhood must-haves?

Posted on June 23, 2019 at 7:00 am
Anali Roath | Category: Buying, Fun Facts, Greeley Real Estate | Tagged , , , , , ,

Prospect New Town, Longmont

When is the last time you cruised through Longmont? If you’re due for a visit, you may be missing out on this area’s charm!

For example, Longmont’s up-and-coming Prospect New Town development has taken a unique approach to its architecture, blending contemporary styles with more traditional looks. You’ll find bold colors mixed with farmhouse shades and modern lines next to white picket fences.

Street names such as Ionosphere, Neon Forest Circle and 100 Year Party Court tell you something different is happening in Prospect New Town, which calls itself “the coolest neighborhood in America.”

Are you looking to make a change? Something fresh and new might be closer than you think. I’d love to talk about your next move!

 

 

 

 

   

 

 

 

 

Posted on June 16, 2019 at 9:00 am
Anali Roath | Category: Buying, Fun Facts, Housing Trends | Tagged , , , , , , ,

Under $300,000?

If a real estate buyer walks into one of our offices in Northern Colorado and tells us they are looking for a single-family home under $300,000, unfortunately there will not be many properties to choose from. Depending on where they are looking the choices may be very limited.
Here is a list of the number of single-family homes currently for sale (excluding manufactured homes) in Northern Colorado:

  • Fort Collins = 0
  • Loveland = 7
  • Windsor = 0
  • Wellington = 0
  • Timnath = 0
  • Greeley = 27
  • Evans = 8
  • Milliken = 2

If our active market has you thinking about investing in real estate in Northern Colorado. Check this out…

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email us at colorado@windermere.com and we will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Posted on April 27, 2018 at 12:21 pm
Anali Roath | Category: Buying, Fort Collins Real Estate, Fun Facts, Housing Trends

Most Active

Loving young couple looking at dream house.

Here’s a question we sometimes hear…

“What is the most active price range in our market?”

For most of Northern Colorado, the range of $300,000 to $500,000 is far and away the most active (no surprise there). For example, in Fort Collins there are more than three times as many sales in this price range compared to the range of $500,000 to $700,000.

The one exception is Greeley. In Greeley the most active price range is under $300,000. This price range has twice as many sales as the $300,000 to $500,000 range. Why is this true for Greeley and not other places? You guessed it – it’s because the other locations don’t have much inventory under $300,000.

It’s interesting to note that in Fort Collins there are more sales in the $500,000 to $700,000 range than the under $300,000 range. This was not the case even one year ago.

The market is changing right before our eyes.

Posted on April 20, 2018 at 11:47 am
Anali Roath | Category: Buying, Fun Facts, Selling

2/3

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Two Thirds

Here’s the latest on a stat that we like to watch…

The answer is two thirds.”

The question is, how many homes in Northern Colorado sell for at least list price?

You read that correctly. 66% of all single family homes in the Northern Colorado market which sold in March had a final sales price of list price or higher.

How could that be?

High demand against low supply leads to competition. Competition leads to prices above list price.

Our active market may start you thinking about investing in real estate in Northern Colorado. If so…

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email us at colorado@windermere.comand we will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Posted on April 7, 2018 at 11:53 am
Anali Roath | Category: Buying, Fun Facts, Selling

Final Four

At the end of this weekend College Basketball’s Final 4 will be established. It might make you wonder, what the top 4 and bottom 4 real estate markets across the country?

Here they are, ranked by the last 12 months of appreciation according to fhfa.gov:

Top 4:

  1. Tacoma, WA 14.6%
  2. Seattle, WA 14.3%
  3. Port St. Lucie, FL 13.7%
  4. Las Vegas, NV 13.6%

Bottom 4:

  1. Atlantic City, NJ -3.14%
  2. Peoria, IL -3.0%
  3. Huntington, WV -2.6%
  4. Jackson, MS -1.2%

If you’d like to receive our monthly newsletter with local Northern Colorado real estate updates, just contact us at noco@windermere.com or simply call (970) 460-3033. You can also receive a neighborhood news update and see all the sales in your neighborhood by clicking HERE.

Posted on March 23, 2018 at 12:21 pm
Anali Roath | Category: Buying, Housing Trends, Selling

Friday Fun Facts – Inventory is up!

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Inventory Is Up

For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.

Based on our current research, it looks like this trend is reversing.

Let’s look at the increase in inventory in our major markets versus a year ago…

  • Fort Collins up 28%
  • Loveland up 4%
  • Windsor up 37%
  • Greeley up 5%

This increase in is very good news for prospective buyers as now there are more homes to choose from.

To see an update as to what is happening in the Northern Colorado market, contact us to receive our quarterly “Scoop” report.

Posted on October 20, 2017 at 11:59 am
Anali Roath | Category: Buying, Housing Trends, Uncategorized

Friday Fun Facts – Let’s take a trip down memory lane…

Today we will take a fun trip down memory lane.

Did you know that it was the fall of 1981 when mortgage interest rates hit their all time peak? Yes, it was this time 36 years ago when 30-year mortgage rates hit 18.39%.

1980's Roller DiscoYikes!

It’s important to note that in those days, not many home buyers were opting for a 30-fixed loan because rates were so high. There were a lot of people looking at adjustable rate products as a way to reduce the monthly payment.

Just for fun, let’s look at what a monthly payment would look like if those same rates from 1981 existed today.

If rates were 18.39% today, a $350,000 home with a 20% down payment would have a monthly principal and interest payment of…

$4,309! Yikes!

Thank goodness rates aren’t that high today. They are actually about 15% lower!

Today’s 30-year rate sits at 3.83% (which by the way is roughly half of the long term average).

A monthly principal and interest payment on a $350,000 home with 20% down is…

$1,309. Three thousand dollars lower than it would be using 1981 ‘s rates.

For a detailed look at what’s happening across Colorado, request our quarterly market report called “The Gardner Report“, written by Windermere Real Estate’s Chief Economist, Matthew Gardner.

Posted on September 29, 2017 at 4:39 pm
Anali Roath | Category: Buying, Fort Collins Real Estate, Housing Trends

Why Owning a Home is Such a Smart Investment

 

After succumbing to the “Great Recession” ten years ago, the stock market has made a comeback. So, does that mean you should forget about buying a new house and invest in stocks instead? The answer to that question, say experts, depends on your investing savvy, your financial discipline, your age, and your current financial situation.

The first question you need to ask yourself is, “Am I disciplined enough to invest in stocks?” According to two professors who recently studied 30 years of personal-finance performance, you need to be someone with exceptional financial discipline if you want to earn real money in the stock market. Or, you could simply buy a house.

When you buy real estate, the down payment and monthly mortgage payments force you to set aside a significant amount of your earnings on a regular basis. It’s automatic. But if you can’t summon the same discipline to invest that same amount of money in the stock market on an equally regular basis, then stocks are probably going to be a losing proposition, according to the professors’ study.

“We find that if people don’t invest all the money, actually about 90% of the time, you’re better off buying real estate,” says Professor Eli Beracha, co-author of the study.

 

Other issues that make stock investing risky

Investing guru James Altucher wrote a column in The Wall St. Journal titled, “8 Reasons You Stink at Trading Stocks.” In it, he argues that most non-professionals don’t have the investing savvy required to be successful in the stock market. Here are a few telling excerpts:

  • “Nine out of 10 people think they are above-average drivers. Nine out of 10 people think they are above-average investors. Both are mathematically impossible.”
  • “Most people sell at the bottom and buy at the top—the opposite of what you want to do as an investor—because they let emotions get in the way of patience and strategy.”
  • “It’s really hard to own stocks. It’s not just picking a stock and watching it go up 1,000%. It’s buying it and sometimes watching it go down 80% before it ends up rising 20% above your purchase price. It’s waiting. It’s patience. Psychology is at least 80% of the game. And knowing when to sell? Even harder.”

 

Age matters

When you’re young, many financial advisors encourage investing in things like individual stocks. With a long career ahead, you have time to wait for any bad investments to turn around before you may really need the money. But once you’re a little older, with a family, and starting to focus on your financial future, that’s when advisers recommend you buy things like real estate—a conservative investment with a long history of stable, predictable earnings.

 

The type of loan you choose also makes a difference

If you want to both own a home and invest in stocks, consider a 30-year home loan, which will significantly reduce your monthly payments and leave you with extra money for playing the market. (Just remember the tradeoff: You’ll end up paying thousands of dollars more in interest over the life of the loan.)

If you don’t have a burning desire to play the stock market, choose a 15-year home loan. You’ll pay less interest over the life of the loan, you’ll build equity faster, and, obviously, you’ll be mortgage-free 15 years sooner.

 

The tax advantages of owning real estate

As a homeowner, you’re entitled to a bevy of tax benefits you don’t get as a stock investor. You can deduct your mortgage interest and property taxes from your annual tax return. Plus, depending on your circumstances, you could also get a deduction or credit for any home-office expenses, moving expenses, capital gains, any “points” used to lower your interest rate, and more.

 

One caveat: investing in real estate takes time

No matter what some of those reality TV programs show, buying a home should not be viewed as a get-rich-quick scheme. But if you think you’re ready to put down roots for as long as seven years, chances are very good that any home you purchase will appreciate significantly during that time (even if the economy runs into some bumps along the way).

 

The non-financial benefits

Of course, not all of the benefits of owning a home are financial. For most Americans, their home is a source of tremendous pride, comfort, security and freedom. Most of us also use our homes to showcase our personality, through paint colors, furnishings, landscaping, yard signs, holiday decorations and so much more.

Yes, the stock market is on an upswing currently (depending on the week), but if you want an investment with a long-term track record of consistent returns—plus tax breaks and a variety of personal perks—you may want to buy a home instead.

Posted on September 3, 2017 at 2:15 pm
Anali Roath | Category: Buying, Investing