I've been fielding this question a lot latley...

Should I buy now or wait to see if rates fall further? The advantage of buying now is negotiating power, I looked at a home with a client this weekend, we agreed that we were getting about a $30,000 discount because we have to pay today's 6.2% interest rate. So, we started to run a scenario. Let's assume rates will drop 1% over the next year. So if you bought this house next year, that $500k mortgage would be $5,000 cheaper per year but the market would likely heat up. So that $30k discount might be gone, but if you locked in the discount today and could refinance next year, even though you had to pay $5,000 more while you wait to refi, you'd come out ahead, assuming that discount disappears. You're also going to pay down your mortgage by a $5k over that year, but you're going to have to pay $5K to refinance. So those things off set. Of course, this is all speculation. You've got to be comfortable with your payment if rates don't come down. But one thing is for sure, high interest rates are not solving the housing shortage. Buyers were getting squeezed when rates were low because a bidding wars, they're getting squeezed now because of high rates. There’s no free lunch. At some point. You have to jump in with the mindset that you are holding this property for 10 years or ideally forever. And regardless if you buy now or next year, things are going to work out. Even if you didn't buy at the bottom and prices fall further, you have the mindset that you're not selling this home. Even if you have to leave town, you rent the house, you don't sell it.

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The listing price you choose in combination with the marketing your home receives will have a dramatic impact on the time you spend on the market and the price you ultimately receive. Your realtor should be able to tell you how different prices will affect the amount of time you spend on the market. Also, your home should not only be listed on MLS and Zillow, but also on social media which can easily bring tens of thousands of additional views to your listing in your target market.

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Despite 7% mortgage rates and more doomsday headlines than you can count, the market remains active enough to keep prices stable. In August our median price fell about 4%, then ticked back up slightly in September and basically remained unchanged in October. 

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More than just a home, this is a functional work of art. Rare opportunuity to own a masterpiece of modern architecture on a 1/2 acre in a prime West Fort Collins location. This is the personal residence of renowned designer/builder Rucker Hill. The thought and intention put into each element is staggering. Beautiful job of blurring the line between the indoors and outside. Windows are everywhere, skylights are beveled as far as possible to maximize light. Built ins made from white oak and birch in nearly every room provide the warmth of natural wood while maximizing space. If there ever was a perfect kitchen design this it. Huge island plus a large multi panel window opens to the outdoor living space in seconds. Tharp white oak cabinetry provides incredible organization & storage. Integrated Dacor appliances, espresso maker, dual dishwashers, commercial style cooktop & steam oven. Main floor guest suite also makes a perfect office space w/floating desk made from an oak tree from the owner’s family farm. Covered and uncovered outdoor living areas provide numerous places to gather. Hand welded steel frames the meticulous landscaping throughout the lot. Raised garden beds provide fresh produce just steps from the kitchen. A concrete pad with electrical is ready for a greenhouse or garden shed. Detached 600 sf studio can be additional office space or guest house. Studio has half bath, shop space with overhead door & a carport that doubles as outdoor living or covered parking. Studio is plumbed for a shower, allowing easy conversion to full in-law suite. Upstairs bedrooms and laundry surround this super fun loft space that doubles as a play area & media room. Pocket doors allow the loft to be closed off to minimize sound intrusion between upper & lower levels. Owner’s suite feels like a treehouse with giant windows overlooking the orchard and foothills. Stunning walk in shower bathed in natural light. Hand crafted built-ins organize the walk in closet. Quick access to the foothills and a huge number of natural areas and trail systems. If you love the mountains, and also love being downtown, there is no better location to own one of the most beautiful & architecturally significant homes ever to be built in Fort Collins

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Something that I hear from virtually every client that's buying a home that we've ever worked with: At the beginning they say, “we're going to be really, really picky.” And then about 10 or 15 showings in, they start to feel this pressure because they've looked at a few homes and they haven't made a decision and they start to say, “we must be your worst clients ever!” It's very common. There's a lot of psychological stress and trauma that happens during the home buying process. Lot of people say, “oh, we’ll make the home buying process easy for you!” It's not easy. It's really hard. But the result at the end is worth it. A couple weeks ago I had a client that had just started their search, found a home that they liked and they said, “do you think we should make an offer?” And I said, “well I think this home works for you on a lot of levels but I also don't think you've seen very many homes yet.” They were coming from out of state and the home that they ended up buying was very different and I thought was a better fit for them and so you need to understand that’s what you're going to go through. Your real estate agent needs to create a safe space for you to feel like you can look at a lot of homes. And if you put a property under contract and the inspection is not right, and you just get the wrong feeling, there needs to be a safe place to say, “it's okay to walk away from this home.” You only want to do this once, you want to make it the right fit for you, so just understand, have that relationship with your realtor, set that expectation. A lot of our clients look at 30 plus homes. A lot of times, it's six months between the time that they first contact us and they close on their house.

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This is a $2,000 gold coin that my clients received as a part of the winning offer on their house.

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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.

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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.

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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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