Yes, inventory is low, but there are homes coming on the market. If you wanted to be best prepared for when you do buy, be educated about the homes, neighborhoods, and buying trends in Fort Collins. The most effective way to get educated is to be looking now. Grab your Realtor, tell him or her what you're looking for, and have them send you listings as they come on the market (this can be done with an automated system, too!). If you're able to do so, get out and see some of these homes when they do come on the market - it's the best way to see what condition homes need to be in, in order to sell. Also, if you watch to see how fast they go under contract, you'll be very well versed with what homes are priced well and which ones are priced too high.
Second thing to do is to meet with a lender right away so you are prepared when that perfect home comes on the market. Having a pre-qualification letter in hand is one of the tools you will need in order to help you submit a successful offer on a home.
The last thing you need to do is have a talk with your Realtor to tell him or her exactly what your goals are - whether you want to buy now, or buy later, when you want to be in a home, and what price point you're comfortable with. If you don't currently have a Buyer's Agent working for you, I would suggest you find a good one and have these conversations. What the agent can do for you is ver valuable for you to be able to find the home you're going to love!
Feel free to write me if you have further questions. Additionally, I'd love to have the opportunity to interview with you, if you have not yet selected a Realtor to represent your best interests! Sean@HawaiianShirtGuy.com or 970-402-5642
Kindly, Carrie Holmes
1-The average sale price of homes is up over 9% nationally since one year ago. Most housing forecasts show that it will gain by at least that much again over the next year!
2-Interest rates are starting to tick up, but they are still at historic lows. If the economy improves early this year, there is a good chance Mortgage rates will return to their historic averages. The Fed can't provide free money forever, and investors will leave the security of bonds for the promise of profits in stocks. All that equals more costs of ownership if you wait.
3-As others have said, with warmer weather come more buyers.
Your best option is to be ready, and to get notified whenever something comes on the market that you are interested in. Do your planning and thinking ahead, and be ready to move fast when you see it. There is a lot of competition out there, and when a good home comes up at a good value, it is getting multiple offers in its first couple days on the market!
Please call with any questions, and enjoy the hunt!
So, Spring/Summer = more houses = more buyers. On top of that, you have rising home prices (12.6% increase from this time last year in the Denver & surrounding areas per some respected sources), and an interest rate that is INCREDIBLY LOW - Right Now! This is the time to be looking. I'll also add to that it's NOT the time to panic or feel that you have to compromise in order to "grab something". However, this is not a good time to remain on the fence...jump in aggressively & quickly...your dream home is out there - I promise!
ERA Herman Group
Do your home work so you can be decisive when something does come along. Expect multiple offers on homes that are priced right.
Give us a call we would love to chat with you.
Mike & Marie Edwards, CDPE, SFR
Search the MLS! at http://listings.focohomes.com/
Coldwell Banker, RB/702 W. Drake Rd, Bldg A/Fort Collins, CO. 80526
970.231.2004 Mike/970.231.0495 Marie
I would be happy to help you. Jay Ross
Prudential Rocky Mountain REALTORS
2700 S College Ave, Fort Collins CO 80525
iPhone (970) 492-5155
the inventory is low right now, but then again it was really low all of 2012. It doesn't hurt to look around now and see if anything looks appealing, if not then it would be better to wait till the spring and you will prob see an increase in listings. The values will prob be a little higher in the spring months, mainly because of the higher demand, but hopefully the interest rates remain low.
Hope that kind of helps.
Robert Crow - Coldwell Banker (Fort Collins)