A Division of Real Estate Consumer Advisory: If something sounds too good to be true, it probably is. Understanding Timeshare Resale Scams.
If you are an owner of a timeshare in Colorado and are entertaining the idea of reselling your timeshare property “Take 5 to Get Wise” and learn how to protect yourself from falling for a timeshare resale scam.
Watch the Video or Read the PDF via the link below
It’s not as easy as you may think to sell your home in this market for the best price and terms. Take this class to learn all you need to know to sell your home. We will discuss the challenges of selling in a quickly moving market; the importance of the right pricing strategy; the actual cost to sell a home; negotiation tips and techniques and how to navigate the entire process. You will leave the class with information on the current real estate marker in your area, how to prepare your home for sale, how to choose a real estate broker and an offer of a free comparative market analysis of your home.
Be as flexible as possible with showing times. Evenings and weekends are the most popular times for buyers to view houses. Your home won’t sell if buyers can’t see it.
Open Houses are important, especially in this current market. An open house allows your home to be viewed by as many people s possible, with minimal disruption to you and your schedule. My suggestion is that you plan on going on a nice weekend get-a-way and let me do the work!
Have plans for your pets during showings. Some people are uncomfortable around animals. You’ll need to put dogs into crates, take them to doggie day care or ask friends or neighbors to care for them. Cats that cannot go outdoors should be placed in carriers. Most people are conscientious, but they cannot guarantee your pet won’t escape during a showing. Your pets are your responsibility.
Put valuable items in a secure location. Most people are trustworthy but it is best not to leave valuable items in plain view (i.e. jewelry, money, collectibles, and personal electronics).
Secure all prescription drugs. This is critically important, especially during an open house. Although your agent will be present for the open house, it is difficult to keep track of everyone at all times.
Keep your house as clean as possible. Have a closet, bin or other convenient location to hide things if you need to make a quick exit. Do your best to have your home ‘show ready’ at all times.
Don’t stay in your home during showings or an open house. It is very important that buyers have the time and freedom to thoroughly view your home. Most buyers are not comfortable if the seller is present. If you cannot leave consider going outside, go for a walk, or visit a neighbor’s house.
It is okay to wait to leave for a showing until the buyers arrive. I suggest you check after about 30 minutes to see if they’ve gone and you’re free to go back inside your home. It is to your benefit not to stay in the home during showings.
Be careful about talking to the buyers or the buyer’s agent. It is too easy to give away information to the buyer or their agent that could negatively affect you during negotiations. “Silence is Golden”.
Call your agent immediately if you find any problems in your home after a showing or open house.
If you live in the Denver Metro area and are thinking of selling your home. I would be honored to help you. You can reach me through the “contact me” link on this website.
The truth is I don’t know if this is a real estate bubble or not and neither does anyone else! What I can tell you is what I tell all my clients. “If you’re ready to buy then now is the right time”. Of course, I also tell them to carefully consider the following information:
Buy only what you can afford with the salary you are making RIGHT NOW. Don’t count on a promotion, a raise or a new job. In most cases, especially with first time home buyers, your income will increase, not decrease. If you buy a home you can afford today you can weather any volatility in the the real estate market.
The market value of your home only matters when you SELL. Although no one can predict the future, if you plan to stay in your home for 5 – 7 years you can very likely wait out any downturn in the market. Looking at historical data if you purchased your home at the peak in 2006, the Denver Market had essentially recovered by 2013 (7 years). Prior to that the property values had been increasing steadily since 1992! (S & P, Case-Shiller Home Price Index).
Interest rates are incredibly low right now and the likelihood of them increasing gets a little greater every day. For every increase in interest rates you reduce your buying power. For example: if you want to keep your principle and interest payment around $1500 and you have 20% down, the graphic below shows you how that affects your buying power.
With all that being said… If you’ve been sitting on the fence, wondering if you want to buy or not, please reach out to me. I will help you logically evaluate your unique situation so you can make an informed decision about whether or not you’re ready to buy.