This is a $2,000 gold coin that my clients received as a part of the winning offer on their house.
Some buyers taking advantage of current conditions, others sitting on the sidelines
Thursday, September 22nd, 2022
Ryan Jenkins
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Buyers need to be patient now. With a little luck, the right home comes on the market during a downswing in rates.
Larimer County median home price falls 4%, Weld County falls 1%
Thursday, September 22nd, 2022
Ryan Jenkins
After 6 months of intense increases in mortgage interest rates we’ve finally see a price correction in the month over month data for Larimer and Weld County. Typically we don’t pay a lot of attention to this data because it’s not seasonally adjusted. But because of how fast interest rates have gone up we’re watching it closely right now. Inventory has increased significantly over where it was last year. However, by historical standards the number of homes for sale is still very low. While the interest rate increases have been terrible for housing affordability. They have reduced the amount of bidding wars so our buyers have much more time to make decisions and they are typically able to keep their inspection and appraisal contingencies which means we can get more money for repairs and ask for price drops if we get a low appraisal.
Beautifully finished home on a deep greenbelt lot in sought-after Registry Ridge. Meticulously maintained open floor plan, spacious & updated kitchen has bar seating, lots of counter space with shiplap accents and coffee bar. 3 beds and 2 full baths upstairs with an ensuite primary bed/bath. Fresh exterior paint, updated light fixtures, engineered wood floors, top-of -the-line carpet, fresh paint throughout with designer color schemes. Custom finished and permitted basement has additional living space/media room, playroom under the stairs, bedroom and beautiful 3/4 bath. Big yard has a robust veggie garden in raised beds, large patio, spacious side yard, and mature Aspen and Maple trees. Central AC, sprinkler front and back. The lot backs to greenbelt and a paved walking trail that goes throughout the neighborhood. The trail connects to a lovely neighborhood pool w/gated kiddie pool and a big clubhouse. Just past the pool is Registry Park with an awesome playground, huge field, and sport courts. This neighborhood trail also connects to the Longview trail which allows you to ride to numerous open spaces, downtown Fort Collins/Loveland and Boyd Lake state park - all via bike path! Great floor plan, large yard with mature landscaping on one of the best lots in the neighborhood and resort-style amenities, makes this home the perfect place for you.
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Renting to people you know will increase the probability that you’ll be taken advantage of. Rent to strangers with good credit and you’ll almost always have smooth sailing.
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The fact that prices are hanging on and even appreciating despite demand for homes being completely obliterated by the rising interest rates is almost unbelievable. It goes to show you how nefarious the housing shortage is.
2220 Overland Trl, Laporte…
Gorgeous modern farmhouse on half an acre just a few feet from Lyons Park and the Poudre Trail. Meticulous high end renovation completed over the last 5 years.
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Will Open Door pay more for your home than it’s actually worth? I’ve seen it more than a few times.
NEW LISTING - 3709 Starlite Dr Fort Collins
Beautifully updated home in a quiet country setting on a big lot just 10 minutes from downtown. Open floor plan with island kitchen, granite tops, stainless appliances, soft close cabinets and gas range. Gorgeous red and white oak floors re-claimed from a local gymnasium. Two wood burning fireplaces. Foothill views to the west, beautiful pasture and tree farm views to the east. New composite deck, central AC, updated windows, new fence, hardie style concrete siding. Owner's suite has ensuite bath and walk in closet. High quality finishes top to bottom, granite vanities and under-mount sinks in every bathroom. Plenty of room for RV, boat storage or additional garage space.
Super proud of these two for closing on their first home! After a couple of multiple offer situations that didn’t go our way, they were finally able to make one stick. And as is so often the case, the home they bought was way better than the ones they lost!
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