May National Housing Report

May National Housing Report: What the Numbers Mean for You

The home-buying season was just starting in April, with a 7.5% sales increase over March and 3.2% increase over April of 2015, according to the May National Housing Report from RE/MAX. The Median Sales Price in April was $215,000, which was 5.4% higher than one year ago.

Buyers should note: While warmer months are traditionally known as the “home-buying season,” an average monthly year-over-year sales increase of 4.3% so far in 2016 means the market may remain competitive long after the kids are back in school. Work with an experienced agent to develop a buying strategy for the neighborhoods you’re interested in.

Sellers should note: The inventory of homes for sale remains very tight in many markets across the country, with April 2016 inventory 15.2% lower than April 2015. This may mean your house sells for a competitive price, but also that a competitive offer may be needed to buy your next place. Work with your Realtor to figure out a move-out, move-in timeline that doesn’t leave you in limbo.

Learn more about the current state of the market in the infographic below.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

6 Lessons Monopoly Can Teach You About Home Buying

6 Lessons Monopoly Can Teach You About Home Buying

1. Patience
MONOPOLY: So your family has decided to play Monopoly? Refill your beverage, grab a snack and change into comfortable clothes. You’re going to be there a while.

LESSON: Buying real estate is a process. There’s pre-approval for a loan, interviewing agents, searching for homes, submitting an offer, maybe submitting another offer, the home inspection, the appraisal, and final loan processing before you get the keys. Needless to say, buying a home can take some time. Instead of getting frustrated, focus on all of the great reasons you decided buying a home was right for you. Staying in close communication with your agent throughout the process will help, too.

2. Neighborhood matters
MONOPOLY: Everyone starts the game with one corner in mind: Boardwalk and Park Place. The highly priced properties have the best returns on investments, and the players who snag them first tend to do well in the game.

LESSON: Location is often a major consideration in real life as well. Home values, your lifestyle and so much more are factors in your neighborhood choice. Work with your agent to learn all you can about the neighborhoods that pique your interest.

3. Keep an open mind
MONOPOLY: Baltic and Mediterranean Avenue have a bad reputation because they’re the cheapest properties on the board, but they also present opportunity. Add a few houses and hotels and your return could be bigger than the one on nearby Connecticut Avenue.

LESSON: Keep an open mind when shopping for a home. An up-and-coming neighborhood may have appeal you didn’t see before, and more value for your budget.

4. Be prepared
MONOPOLY: You’re a Monopoly mogul! You have a handful of desirable properties and a steady stream of income from your houses and hotels. Then comes the Chance card: “Make general repairs on your property – for each house pay $25, for each hotel pay $100.”

LESSON: You never know what card you’re going to draw. But unlike Monopoly, the real world has home insurance available to help you prepare for unexpected repairs and disasters. A variety of plans, customizable to any budget, are available. Some homebuyers also opt for warranties covering potential appliance issues after move-in.

5. How to win a bidding war
MONOPOLY: Trading properties keeps Monopoly exciting. And there are no strict rules as to how a seller determines to accept an offer. Sibling rivalry, bribes involving candy or even business sense can play into a player’s decision.

LESSON: Sellers don’t always accept the highest offer. Writing a letter about why you fell in love with their home can sometimes sway their decision in your favor.

6. The importance of strategy
MONOPOLY: Monopoly is a game of strategy, but few players are inclined to study ways to win. What if you had a coach sitting next to you, advising how much to bid for a property, where to look next, and whether or not mortgaging a utility to buy Boardwalk is a smart idea? You would be unstoppable!

LESSON: Buying a home is an infrequent occurrence; for some it happens only once in a lifetime. Wouldn’t it be helpful to have someone on your side who was up-to-speed on laws for your state, knew which neighborhoods would best fit your lifestyle and offered to help you navigate a bidding war? That’s the value an experienced agent provides.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Colorado Springs Weekly Real Estate Report

Colorado Springs Weekly Real Estate Report

weekly report 05302016

 

Above is the weekly real estate report for the past week. We are slowly increasing the all actives which is a great thing. If you have any questions about the market give me a call I would love to chat with you about it.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Colorado Springs Weekly Real Estate report

Colorado Springs Weekly Real Estate Report

weekly report 05202016

 

The weekly report shows that the market is doing a bit better each month, but the inventory is still super low. We still only have a small amount of inventory compared to what we need to be a healthy market. Please if you or anyone you know is thinking of selling give me a call.  I would love to talk to you about this.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Manitou Springs Colorado Neighborhood

People come to Manitou Springs to climb the Incline, enjoy the shops, restaurants, culture and views of the red rocks that surround this proud community. Housing options range from crazy small older homes, to modern condos to luxury custom homes in the foot hills. 67% who live there are homeowners.  The average age of the residents is 50 years old. The main interests and hobbies are hiking, food, walking, art, volunteering, and relaxing. Manitou Springs is very close to Garden of the Gods Park and only minutes from the mountain town Woodland Park in adjacent Teller County. Manitou Springs has several parks and hiking trails nearby. You can hike to the top of Pikes Peak via the Barr Trail. A section of the Intemann Trail runs through Manitou Springs. You can also try your luck hiking the Incline! If you just want to have a quiet picnic, you can enjoy your day at Soda Springs Park, Memorial Park, or Seven Minute Spring Park.

 

To view the homes for sale in this neighborhood, click the following link: Manitou Springs

 

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Real Estate Tips for Buyers and Sellers

 

Real Estate Advisor: March 2016
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Real Estate Tips for Buyers and Sellers
Thinking about starting a home search or selling your home soon? The 2016 real estate season is upon us, and if you are anticipating a home search, or selling a property, here are some top tips to help you navigate the real estate market in your area this spring and summer.

For Buyers

Don’t go overboard with an offer

While you might be inclined to get into a bidding war over your dream home (the market is pretty competitive), don’t overspend to the point where if the market stabilizes your home will have an overly inflated price and make it difficult to resell in the future. If you plan on living in the property for a long time, paying a high price isn’t a bad thing, but it’s a good idea to set a limit on how high you’re willing to bid for a home.

Start your search ready

If you’re already looking into purchasing a home or property, and you know you’ll need a mortgage, you should already be shopping for a loan. Buyers with a mortgage pre-approval are a step above those that haven’t even looked into loans. You can also help your purchase game by having fewer contingencies or conditions that affect the purchase. If you can start your home search with some of your bases covered, and the ability to be flexible, you’ll already be far ahead of those just entering the real estate race.

New doesn’t mean pristine

While we all dream of buying a brand new home, complete with absolutely no projects, it’s quite common for brand new construction to have issues. The reality is that builders can and do cut corners, and the last thing you want is to invest your money into a brand new home only to find out that certain things were not completed 100 percent. If you’re looking to buy new construction, it’s not a bad idea to hire an independent inspector to make sure your new home is up to all current building codes and standards.

Beware of hidden costs

While you might find a home that is the perfect price for your budget, beware of the hidden costs that come along with buying a property. You may or may not have a mortgage, but you will have yearly property taxes that will either be monthly payments or a large payment once a year. If you do need a mortgage, you can expect an origination fee, and depending on the amount of your down payment or you credit rating, you can also expect to pay private mortgage insurance. You can also expect fees by way of the home inspection, appraisal, and in some communities there will be monthly HOA fees.

Don’t be afraid to go outside your comfort zone

Many buyers have a specific neighborhood, town or city picked out before they begin their property search. With the U.S. real estate market being as competitive as it is for buyers, don’t be afraid to look into areas that are developing when you look for your new home or property. Homes and property prices might likely be lower in developing areas, and if you can find an area where new businesses are being introduced and other amenities will be available, home values may significantly increase over the coming years.

For Sellers

Play to your advantages

The U.S real estate market is being called a seller’s market, meaning there are more people trying to buy houses and properties than there are actual properties to buy. Because of this, as a seller, you can play to your advantages: you can likely get away with not paying closing costs; you can dictate the terms of the sale and any contingencies a buyer might have; you can entertain multiple offers and choose the best one for you. But in all of this, don’t try to price your property outside of your area — you want to sell your home, not keep it on the market forever.

Know the best areas of your property

If you’re considering selling your property, there are two room updates almost every buyer appreciates: kitchens and bathrooms. If you have the time and money to invest in updating these two areas of your home, try a basic face lift (you don’t need to go overboard!). Add some fresh paint, clean up the cabinets, and install new lighting or hardware. Make the kitchen and bathrooms pop: buyers always react best to a fresh, clean and clutter free kitchen and bathroom.

Do you have a replacement property picked?

You might be considering selling your home or property — have you started your property search yet? With the market being as competitive as it is, it’s a good idea to start your property search when you put your own property on the market, and sometimes even before. You don’t want your home to sell before you have a place picked out. If you do find yourself in a bind, you can always work with your agent to make the closing period longer. Whatever you decide to do, make sure you start your property search as soon as possible.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Mountain Shadows Neighborhood in Colorado Springs

Mountain Shadows is a neighborhood located in the Northwest part of Colorado Springs. It is a large neighborhood with just over 6,000 people who live there. 82% of the people who are living there are the homeowners. The top interests of the neighbors are hiking, family, dogs, reading, camping, music and movies.

To view homes for sale in Mountain Shadows area click the following link: Mountain Shadows

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Colorado Springs Real Estate Weekly Report

Colorado Springs Real Estate Weekly Report

weekly report 05092016

 

Houses are flying off of the market these days. I was literally writing an offer on a house and before I finished the house went under contract! Now is a great time to be selling, give me a call if you are thinking of it.

 

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Colorado Springs Weekly Real Estate Report

Colorado Springs Weekly Real Estate Report

 

weekly report 05012016

 

The weekly report shows that the market is doing better although houses are still going super fast. 361 sold in the last 7 days! I keep saying, if you are even thinking of selling now or in the future, give me a call I would love to talk to you about buying or selling a house.

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!

Sunset Mesa Neighborhood In Colorado Springs

Sunset Mesa Neighborhood

Sunset Mesa is a mature and well established neighborhood in the northeast of Colorado Springs. The homes in this neighborhood range from $300k-$1 M plus. The majority of these houses were built from the late 1970’s to 2000’s. This neighborhood backs Sunset Mesa Open Space. Which has 78 acres of walking trails and rock formations. The neighbors in Sunset Mesa say that the things that make the neighborhood great are the fact that it is quiet, well maintained, friendly, and clean.

To view homes for sale in Sunset Mesa click the following link: Sunset Mesa

Jeremy Wynia

RE/MAX Properties, Inc.
719-213-0893 Cell/Text
719-570-9000 Office Main
wyniarealty@gmail.com
www.wyniarealty.com

http://wyniarealty.smarthomeprice.com

Please give me a call or email me if you know of anyone that might want to buy or sell ANYWHERE in the world. I will take great care of them or find a top agent in another part of the country or world to help them. Thank you in advance for your referral!