Margo Fredlake

"Residential, Investment and Commercial properties"

I'm a:	Real Estate Professional
Company:	Fort Collins Real Estate
Location:	80525
Phone:	(970) 581-0738

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Margo Fredla…'s Questions (0)

Margo Fredla…'s Answers (4)

What percent below asking price are most homes selling for in Fort Collins, CO?

Asked Thu May 15 2008, 11:29 by Louis - Fort Collins - Home Buying - 2 answers

Margo Fredlake answered:

There's the technical answer that Carrie provided (2-3% less), but we're seeing some full-price offers as well as 7-10% less. Townhome and Condos continue to be hit the hardest. As we know, location is at the top of everyone's mind, but it takes on another meaning with the price of gas. Recently more people are thinking long and hard about buying in the "outlying" areas. Consequently, the listings in these areas will continue to get beat up in the coming months.

Regards, Margo - Fri May 16 2008, 09:45

We have a contract to buy in Co Springs, but mortgage companies are telling us it's a declining market We

Asked Wed Apr 30 2008, 07:57 by Becky - Powers - Home Buying - 5 answers

Margo Fredlake answered:

Colorado Springs was one of the fastest growing areas along the front range of Colorado just a couple years back, now it's slowing down. However, it always depends on the specific area of the Springs. - Thu May 8 2008, 14:03

I sold my condo in Telluride, Colorado about 8 years ago. Only owned it 18 months and made a brilliant

Asked Thu May 8 2008, 12:35 by Kaylee - Telluride - Market Conditions - 2 answers

Margo Fredlake answered:

You're right, you don't want to know! But real estate is not much different than the stock market, if you made a good profit then don't look back. Telluride has been hot for the past 5 years, Aspen is out of sight. Therefore, Telluride along with Steamboat Springs, Vail-Beaver Creek and so on keep going up. More and more people will be flying in for summer and ski vacations in the future, so locations that have an airport will continue to boom. - Thu May 8 2008, 13:40

Should I keep renting or start trying to sell?

Asked Fri Feb 8 2008, 08:28 by Jesse - 80525 - Home Selling - 10 answers

Margo Fredlake answered:

Vacancy rates are pushing down in Ft Collins, so you may be able to rent it for a liitle more depending on location. How much are you currently renting it for each month? We are in the same situation with our rental property...2.5 years before it adjusts. We'll wait for the market to improve before selling. - Thu May 8 2008, 11:05

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