Please click above to watch my video update on how Covid is impacting NOCO real estate. Were excited to resume in-person showings once the stay at home order expires on Sunday, 26th.
Because we’re fielding so many questions about what COVID is doing to the Northern Colorado real estate market we have moved to weekly market reports instead of our usual monthly reports.
This show walks you step by step through the home purchase process and has tons of great info like how to get the cheapest mortgage, what your loan closing costs will be, what you need to know about Zillow, how to pick a realtor, how to navigate inspections, how to find property off the market and tons more. I think you’ll get a lot of value from it. Our hope is that it will help you become the razor-sharp real estate consumer that you were meant to be! Thanks for listening and enjoy!
In this podcast we talk about finding homes off market. Did you know that many of NoCo’s best properties can be purchased but are not listed publicly? More and more we are turning to locating off market real estate and giving you private access before it goes public. We discuss the reasons why we do this, how we do it and give case studies on clients who have been successful with this approach.
New podcast discussing the current state of the market. As we move into fall we continue to see the market form an upward plateau with our higher-priced markets such as Fort Collins, Windsor and Longmont posting small gains or losses, depending on what data set you use. While our more moderately priced areas such as Loveland and Greeley are still making significant price gains. Inventory has increased but remains low with the absorption rate sitting at 2 months. That means the market can absorb or sell its current supply of homes in about 2 months. A market balanced between buyers and sellers is said to have an absorption rate of 6 months. This tells us that demand is still high and the market is still gobbling up its available inventory at a rapid clip. Average days on market is 46 which means a typical home sells in about 2 weeks considering a 30 day escrow period. Multiple offers and over list price sales still occur but we are seeing fewer of those situations especially as we move into fall which is notoriously slow and a great time for buyers to pick up deals. In November and December, we see the market pick back up slightly and then it typically softens again in the first quarter of the new year.
In this episode I sit down with a local attorney and friend, Jed Scott. Jed is a partner at Bell, Gould, Linder and Scott, P.C. and is our “go to” guy when our clients need legal help. Over the years, the majority of the time when Jed is helping us with a real estate deal it is a mineral rights issue and we’re trying to understand what to expect when buying an acreage property that no longer has its mineral rights intact. So that’s the basis for this discussion along with a some tangents on the growth of Fort Collins, oil and gas development, air quality issues, glade reservoir/ NISP, instituting minimum flows on the Poudre through town, why our traffic isn’t as bad as people think, and why we don’t always drink beer made in Fort Collins.
I got to sit down with Zach Mercurio and talk about people discovering their purpose, in other words why do people do what they do? Humans are wired for purpose, but we seem to be able to go through life not knowing or realizing or defining our purpose. Zach points out that if you take the time to realize why you do the work you do, you’ll be happier and more effective. Zach is a speaker, researcher and adjunct professor at Colorado State University. He’s the author of the book, “The Invisible Leader: Transform Your Life, Work, and Organization with the Power of Authentic Purpose.” His focus is helping people craft their purpose in work and life. Just to give you a taste of what we cover today, we talk about how human beings are not sustainably motivated by money. We talk about how you can find purpose working in a carwash. We discuss whether purpose is paralyzing millennial job seekers, and whether people should craft their purpose right where they are, or if they should use their search for purpose to push them to explore a new career. Hope you enjoy!
I sat down for a discussion with Josh Roloff, the founder of Restoration Now Global. RNG is a non-profit agency that fixes homes for people in need here in Fort Collins and also abroad in places like the Philippines and Honduras. There are acute housing needs in both places and RNG does an amazing job of identifying and meeting those needs.
A discussion about the logistics of buying a home when you must sell your current home first. We discuss why and how you should avoid making an offer on the new home that is contingent upon the sale of your current home.
The following text is a transcript of the podcast…
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