Sellers Confirm NOW is a Good Time To Enter The Market

04/26/2013...
Redfin: 45% of Sellers Say Now Is a Good Time to Enter Market

After showing some reluctance at the beginning of the first quarter, homeowners polled for Redfin's second-quarter Real-Time Seller Survey seem far more interested in entering the market.

 According to responses collected by Redfin, 45 percent of sellers believe now is a good time to sell, up from just 22 percent in the first quarter and 15 percent in last year's fourth quarter.

Today more than ever homeowners need to focus on creating a comprehensive plan for marketing their property. Watch this video below to learn why Terry Naber, a RE/MAX agent, is uniquely qualified to help you successfully market your home in today's real estate market.

Contact Me To See What Your Home Is Worth and List Your Home! http://www.terrysellscoloradosprings.com/Sellers/Value-Report

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Signs That Our Market Recovery is Real!

Construction starts are now 55% of the way back to the normal level of 1.5 million from their low during the bust.

Existing home sales went down a bit. Sales fell 0.6% in March to a seasonally adjusted annualized rate of 4.92 million homes. That’s a 10% increase over one year ago. Excluding distressed sales, conventional home sales were up 23% year-over-year in March. Also, inventory rose even on a seasonally adjusted basis for the second month in a row. Overall, existing home sales are 66% back to normal.

The delinquency + foreclosure rate dropped yet again. The share of mortgages in delinquency or foreclosure dropped to 9.96% in March, down from 10.18% in February and 10.98% in March 2012. The combined delinquency + foreclosure rate is 48% back to normal and at its lowest level since October 2008.

Averaging these three back-to-normal percentages together, the housing market is now 56% of the way back to normal, up from 54% in February and 43% six months ago in September. One year ago, the market was only 33% back to normal – so the last year has been a significant recovery. Furthermore, this month’s improvement is even better than it looks with the shift of sales from distressed to conventional and early signs that the inventory crunch may be easing, which will bring some relief to would-be homebuyers.

If you are looking to sell or purchase your home, I'd like to hear from you.  Go to our site at www.TerrySellsColoradoSprings.com or give Terry Naber a call at 719-590-4796.  

Featured Property:  $229,900.00  5 BD/3BA 2786 sqft beautiful home priced right, in Paint Brush Hills.  More details here:

Creative Ways To Afford Your New Home

 AFFORDABLE WAYS TO AFFORD YOUR NEW HOME!

INVESTIGATE LOCAL, STATE, AND NATIONAL DOWN PAYMENT ASSISTANCE PROGRAMS. THESE PROGRAMS GIVE QUALIFIED APPLICANTS LOANS OR GRANTS TO COVER ALL OR PART OF YOUR REQUIRED DOWN PAYMENT. NATIONAL PROGRAMS INCLUDE THE NEHEMIAH PROGRAM, WWW.GETDOWNPAYMENT.COM, AND THE AMERICAN DREAM DOWN PAYMENT FUND FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WWW.HUD.GOV

EXPLORE SELLER FINANCING. IN SOME CASES, SELLERS MAY BE WILLING TO FINANCE ALL OR PART OF THE PURCHASE PRICE OF THE HOME AND LET YOU REPAY THEM GRADUALLY, JUST AS YOU WOULD DO WITH A MORTGAGE.

CONSIDER A SHARED-APPRECIATION OR SHARED-EQUITY ARRANGEMENT. UNDER THIS ARRANGEMENT, YOUR FAMILY, FRIENDS, OR EVEN A THIRD-PARTY MAY BUY A PORTION OF THE HOME AND SHARE IN ANY APPRECIATION WHEN THE HOME IS SOLD. THE OWNER/OCCUPANT USUALLY PAYS THE MORTGAGE, PROPERTY TAXES, AND MAINTENANCE COSTS, BUT ALL THE INVESTORS' NAMES ARE USUALLY ON THE MORTGAGE. COMPANIES ARE AVAILABLE THAT CAN HELP YOU FIND SUCH AN INVESTOR, IF YOUR FAMILY CAN’T PARTICIPATE.

ASK YOUR FAMILY FOR HELP. PERHAPS A FAMILY MEMBER WILL LOAN YOU MONEY FOR THE DOWN PAYMENT OR ACT AS A CO-SIGNER FOR THE MORTGAGE. LENDERS OFTEN LIKE TO HAVE A CO-SIGNER IF YOU HAVE LITTLE CREDIT HISTORY.

LEASE WITH THE OPTION TO BUY. RENTING THE HOME FOR A YEAR OR MORE WILL GIVE YOU THE CHANCE TO SAVE MORE TOWARD YOUR DOWN PAYMENT. AND IN MANY CASES, OWNERS WILL APPLY SOME OF THE RENTAL AMOUNT TOWARD THE PURCHASE PRICE. YOU USUALLY HAVE TO PAY A SMALL, NONREFUNDABLE OPTION FEE TO THE OWNER.

CONSIDER A SHORT-TERM SECOND MORTGAGE. IF YOU CAN QUALIFY FOR A SHORT-TERM SECOND MORTGAGE, THIS WOULD GIVE YOU MONEY TO MAKE A LARGER DOWN PAYMENT. THIS MAY BE POSSIBLE IF YOU’RE IN GOOD FINANCIAL STANDING, WITH A STRONG INCOME AND LITTLE OTHER DEBT.

TALK TO TERRY NABER AT RE/MAX PROPERTIES INC ABOUT BUYING YOUR NEW HOME. VISIT US AT WWW.TERRYSELLSCOLORADOSPRINGS.COM/PROPERTY-SEARCH TO VIEWS HOMES BY AREA.

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 BEAUTIFUL 6 BD WITH FULL BASEMENT 4672 SQFT INMIDDLE CREEK MANOR

Home Prices Are Rising & Forecasts Indicate a Good Time To List Your Home!

A continued recovery in housing and rising home prices should provide a cushion to economic growth this year, offsetting the hampering effects of tax increases and government spending cuts, according to a monthly economic outlook released today by economists at Fannie Mae.

A shortage of homes for sale lead to home price appreciation at the national scale in 2012 and continuing into 2013. Fannie Mae anticipates existing home prices will rise 5.1 percent this year, to a median $186,000, and 3.8 percent in 2014, to $193,000. Prices for new homes are expected to increase 4.1 percent in 2013, to a median $254,00, and 3.5 percent in 2014, to $263,000.

They project that existing-home sales, which were up 9.4 percent last year, will grow by an additional 6.9 percent this year, to 4.98 million homes, compared to last month's projection of a 10.5 percent jump this year, to 5.15 million homes. They estimated existing-home sales will rise 5.5 percent in 2014, to 5.26 million homes, compared to last month's prediction of a 6.2 percent rise.

Nonetheless, sales of new single-family homes are expected to post stronger growth than previously predicted in 2013, 18 percent, though slightly lower growth than anticipated in 2014, 35.8 percent

(Reprint; inman.com/news/2013/04/17)

This is Good New For Sellers.  If you are interested in receive a FREE Home Evaluation and to discuss listing your property with a real estate company that has over 23+ years experience, we are the preferred good neighbor full service real estate firm for you!

Go to our website at  www.TerrySellsColoradoSprings.com or give us a call at 

 719-590-4796.

Local Colorado Springs Home Sales Are Off To a Good Start This Spring

It's A Great Time To List Your Home In Colorado Springs!

THE GAZETTE - Reprinted

  

Home sales and prices rose last month in the Colorado Springs area as the 2012 recovery of the local re-sale market continued into the new year.

In January, single-family home sales totaled 660, or nearly 40 percent higher than the same month last year, according to the latest Pikes Peak Association of Realtors’ report on market conditions. It was the highest number of home sales for any January since 2007.

Mortgage rates under 4 percent and pent-up demand on the part of homebuyers who had put off purchases for years continue to drive the market, experts have said.

“When we get a really good listing and put it on the market, it only lasts a few days,” said Paul Goldenbogen, team leader and employing broker at Keller Williams Partners Realty in Colorado Springs. “It really doesn’t matter what location it is. The pent-up demand is there and waiting.”

The median price — or midpoint — of homes that were sold last month was $205,000, a 19 percent year-over-year gain, the association’s report showed.
Up to now, homes in the $250,000-and-under range have been hot sellers. But homes in the $300,000 to $400,000 range also have started to sell, Goldenbogen said.

Like some other real estate industry members, Goldenbogen doubted that prices really have risen by double digits, as they did in January. Instead, he wondered if the sale of some high-end homes has inflated the statistics on prices.

Other positive indicators in the association’s report include:

• It took an average of 87 days for homes to sell in January, down from 101 days during the same month last year.

• There were 2,930 homes listed for sale in January, down 7.2 percent from a year ago and one of the lowest monthly inventories of homes for sale in 12 years.

The fact that the supply of homes for sale hasn’t soared has helped push up prices over the last few months, some experts have said. But now, the limited supply is proving to be an impediment, Goldenbogen said.

“If we had more inventory, there would be more people that would select and buy houses,” he said. “We have people that sometimes can’t find exactly what they’re looking for.”

Ask About My FREE Home Evaluation.  We are YOUR Preferred Real Estate Company With Over 23+ Years Experience.  Consider us When Listing Your Home.  Go To Our Website For More Information at  www.TerrySellsColoradoSprings.com or Give Us a Call at 719-590-4796

How Long Will It Take To Sell My Home?

How Long Does It Take To Sell a Home?

That will depend on many factors...

Where is the home located?
Will this be a short sale, or a “traditional” sale? (Short sale meaning you owe more than the home can be sold for. Traditional meaning you have enough equity to satisfy the loan, and your closing costs).

What is the condition of the home?
How aggressive are you willing to price it?
What are comparable homes selling for?

Are you willing to provide any buyer concessions (paying their closing costs, buying a warranty, pre-paying HOA dues – there are many things a seller can do to “sweeten” the deal and appeal to more buyers).

And more. . .

There is no single answer to how fast a home can sell, or whether we are in a buyers or sellers market. One good market statistic to examine when you are looking at (roughly) how long it may take to sell your home is absorption rate – which will tell you how long it takes on average to sell a home.

The basic formula is pretty simple:
Find the number of homes currently listed for sale and divide that by the number of homes sold last month. The result is the number of months it would take to reduce that inventory to zero.

Here is The Great News:  Listing you home with me WILL accelerate the sales cycle because of our extensive marketing programs, data base of influence and buyers, relationships with other referral sources,  and internet/search engine presence.

For more information on exactly how we can represent, market, and SELL your home for the best value the market in Colorado Springs will allow, and how I put our team's 23+ years expertise  behind every home I list and sell, contact me at 719-590-4796, and check out our website at  www.TerrySellsColoradoSprings.com