Top Home Renovations For Maximum ROI

Top Home Renovations For Maximum ROI

Summer is a great time to take a look around the house and think about repairs and upgrades. A common question I come across is — what updates are worth the expense and trouble? Below is a helpful infographic with a handful of upgrades that can increase the value and curb appeal of a home when it comes time to sell.

If you are considering selling your home and need some advice, feel free to call me at 720.373.9297 or shoot me an email at barry@superiorrealestatenews.com. I’m happy to help!

4 Reasons to Have Your Own Agent When Purchasing New Construction

4 Reasons to Have Your Own Agent When Purchasing New Construction

Purchasing a new home construction is often more complicated and intimidating than a resale. It is crucial that you work with a local agent who is familiar with the process and can advocate on your behalf and ensure that your new home is built to your satisfaction. Hiring a buyer’s agent comes at no additional cost to you and is included in the purchase price of the home.

4 reasons to have your own agent when purchasing new construction:

Representation is Key
Builders have sales reps who are knowledgeable in available floor plans and upgrades, but keep in mind that sales reps work for the builder and have an obligation to their employer. By hiring a real estate agent, you will have a professional to protect your best interests.

Navigating the Negotiations
A good real estate agent will ensure that you get the most from your new home by negotiating the terms for not only price but upgrades, financing and closing costs. Verbal negotiations are not binding—your buyer’s agent will ensure that all agreements made are in writing and signed by all parties.

Guidance from Start to Finish
The decisions related to the contract are only the beginning in the case of a new construction home. Besides financing and working with the title company, construction requires numerous inspections. An agent will guide you through the entire process.

The Builder Pays Your Agent
Real estate agent fees are generally paid for by the seller, in this case the builder. Builders anticipate paying agent’s fees and factor these costs into prices regardless of whether the buyer chooses to use an agent or not.


Considering new construction? I can help you save 5k – 10k! I am running an exclusive promotion for people looking to purchase a new build home that includes a special commission rate to list their current home and assist in the purchase of a new construction home.

There are many new construction home projects currently underway in the Boulder County area. If you are interested in purchasing a new construction home or have further questions, contact me at 720.373.9297 or by email at barry@superiorrealestatenews.com.

Construction Underway on New Downtown Superior Homes

Construction Underway on New Downtown Superior Homes

Single family homes and townhomes are currently being constructed in the new Downtown Superior. Two builders, Remington Homes & Wonderland Homes are planning beautiful, modern urban spaces to provide residents with sustainable living close to city conveniences as well as Superior’s open spaces. Wonderland Homes has already started building model townhomes, which should be completed by June. These homes are pre-selling now and move-in could be as quick as 6-9 months once under contract. Remington Homes will begin constructing model homes in the next month with similar move-in dates for buyers as Wonderland.

Considering new construction? I can help you save 5k – 10k! I am running a special for people looking to purchase a new build home that includes special commission rate to list their current home and assist in the purchase of a new construction home. 

Purchasing a new home construction is often more complicated and intimidating than a resale. It is crucial that you work with a local agent who is familiar with the process and can advocate on your behalf and ensure that your new home is built to your satisfaction. Hiring a buyer’s agent comes at no additional cost to you and is included in the purchase price of the home.

4 reasons to have your own agent when purchasing new construction:

Representation is Key
Builders have sales reps who are knowledgeable in available floor plans and upgrades, but keep in mind that sales reps work for the builder and have an obligation to their employer. By hiring a real estate agent, you will have a professional to protect your best interests.

Navigating the Negotiations
A good real estate agent will ensure that you get the most from your new home by negotiating the terms for not only price but upgrades, financing and closing costs. Verbal negotiations are not binding—your buyer’s agent will ensure that all agreements made are in writing and signed by all parties.

Guidance from Start to Finish
The decisions related to the contract are only the beginning in the case of a new construction home. Besides financing and working with the title company, construction requires numerous inspections. An agent will guide you through the entire process.

The Builder Pays Your Agent
Real estate agent fees are generally paid for by the seller, in this case the builder. Builders anticipate paying agent’s fees and factor these costs into prices regardless of whether the buyer chooses to use an agent or not.

There are many new construction home projects currently underway in the Boulder County area. If you are interested in purchasing a new construction home or have further questions, contact me at 720.373.9297 or by email at barry@superiorrealestatenews.com.

4 Things Superior Home Sellers Should Ask Before Hiring a Real Estate Agent

4 Things Superior Home Sellers Should Ask Before Hiring a Real Estate Agent

Selling your house in Superior for the highest price involves more than a signature and a “For Sale” sign. From marketing to pricing to negotiating, sellers need a trustworthy and knowledgeable real estate agent to help them make informed decisions. Asking the right questions can help you find the perfect agent.

How successful have you been with other sellers in my area?
Local market knowledge is essential for getting maximum value. Your agent needs to understand who’s buying in your area, competitive listings in surrounding neighborhoods as well as market trends. Hiring a full-time agent who has strong sales results in your neighborhood is essential.

Successful agents will be able to tell you what their sold price (as a percentage of the list price) is on average. It also should be clear how their stats, like the number of days their properties spend on the market, compare to the local board of Realtors’ average numbers.

What’s your recommended list price?
When it comes to price, sellers should ask about what comparable properties have sold for and where the market is going in their location and price range. A great agent will take into consideration historical data, as well as the absorption rate — or the amount of available inventory — for your price bracket.

Some agents will tell you your home is worth more than you think, he or she may only be telling you what you want to hear. If the number seems off, consult with at least one other agent to see if the value makes sense. If you think your property is worth more than the market suggests, discuss it with your agent, and provide facts from previous sales in your area.

How are you going to market my home?
A great agent will have a thorough marketing plan including professional photography and staging, syndicated listings and maximizing the number of online impressions to drive as much traffic as possible to the listing.

It’s critical to select an agent who has both an online and offline marketing plan plus the financial resources to market your home on third-party sites like Zillow, Realtor.com and Trulia.

How are we going to communicate?
Ask potential real estate agents how often they expect to communicate with you during the selling process and make sure it matches your expectations. Good communication skills are essential to the real estate deal. Finding a real estate agent who asks relevant questions and connects frequently with you is crucial.
 


If you are considering selling, give me a call! I can help with expert advice on home improvements, optimal timing for listing your home, as well as a detailed market analysis. Call me at 720.373.9297 or reach me by email at barry@superiorrealestatenews.com

3 Tips for Homebuyers in Boulder County’s Fast-Paced Real Estate Market

3 Tips for Homebuyers in Boulder County’s Fast-Paced Real Estate Market

The Boulder County real estate market is as fast-paced as ever, with homebuyers struggling to find the right house before it gets snapped up. Homebuying is an emotional experience, and the market’s intensity has increased the pressure. If you are looking to buy a home in the current market, here are three tips to successfully navigate your home search.

Set up instant property alerts. Wright Kingdom has an excellent property alerts tool that allows users to save their search criteria and sends alerts directly to your email as soon as a house is listed on the market. This is the best way to stay ahead of competing buyers. Wright Kingdom’s MLS feed is updated every 15 minutes, so you are sure to get the most up-to-date information available. You can access WK’s property alerts tool here or simply download my app!

Hire a fast-moving, tech savvy agent. Not all real estate agents are created equal, and many only work part time. Find an aggressive agent who is dedicated to meeting you in a timely manner. Choose an agent who moves fast and is tech savvy. The real estate industry has changed dramatically over the past few years with the internet and rapidly changing technology. Some agents have adapted well to these changes while others struggle to catch up – be sure to find an agent who uses technology to your advantage.

Prepare to make an aggressive offer. In this competitive market, listing agents often receive several offers very quickly, and it is important to make sure your offer stands out among the rest. A good agent knows the best way to structure a contract to make it as appealing as possible to the home sellers in your market. Talk to your agent to form your offer strategy before you begin your home search.

Buying a house in Boulder County’s fast-paced market can be very stressful, but it doesn’t have to be. By knowing what to expect and utilizing tools and tricks to navigate the market, you can find a great home. If you have further questions or are ready to start your home search, I am here to help! Call me at 720.3739297 or by email at bremington@wkre.com.

In a Seller’s Market: Is it Time to Downsize?

In a Seller’s Market: Is it Time to Downsize?

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

#1: A smaller home means less space, but it also means less time, stress and money spent on upkeep.  

#2: Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years. 

#3: Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.  

Realtor.com also addressed downsizing in a recent article. They suggest that you ask yourself some questions before deciding if downsizing is right for you and your family. Here are two of their questions followed by their answers (in italics) and some additional information that could help. 

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Comments: Many homeowners are taking the profit from the sale of their current home and splitting it in order to put down payments on a smaller home in their current location, as well as a vacation/retirement home where they plan to live when they retire.

This allows them to lock in the home price and mortgage interest rate at today’s values. This makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

Comments: A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’slatest Equity Report revealed that 72.6% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamt about. 

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, meet with a real estate professional in your area who can help guide you through the process. There are a ton of great options for low maintenance living across the Front Range. If you have questions or are curious about the value of your home, I am happy to help! You can reach me at 720.373.9297 or by email at barry@superiorrealestatenews.com.

Original article by KeepingCurrentMatters.com