Should I Buy or Sell During The Holidays?

IMG_0067“For the seller, they’re giving up their home where they have all of these attachments. For the buyer, it’s about painting a picture of their new lives and then carrying them through the whole process to a positive result.” – Sally Foster Jones, SFJ Group.

The song “Let it snow” has the words, “Oh the weather outside is frightful. And the fire is so delightful,” but buying or selling a home during the holidays can be a good idea.

Here are a few things to think, whether you’re a seller or a buyer, during this holiday season.

Continue reading

What’s Happening in Denver Real Estate December 2014

Here are some highlights from November 2014 with regards to the 7 metro Denver Counties.

Continue reading

What’s Happening In The Denver Real Estate Market

Here are some quick highlight of what is going on in the Denver Real Estate Market for the month of July.www.Culliscoloradohomes.com -  Grant Circle

  • In July 2013 50.6% of closed transactions went for at or over their asking price compared to 55.5% in June of the same year.
  • In July 2013 38.7of closed transactions went under contract in 7 days or less compared to 42.7% in June 2013

Here are some interesting market activity: These figures represent Single Family Homes

  • July 2011 there were 14,014 Active Homes on the market
  • July 2012 there were 9,087 Active on the market Homes
  • July 2013 there were 8,286 Active homes on the market
  • July 2011 Under Contract Homes were 3,386
  • July 2012 Under Contract Homes were 4,181
  • July 2013 Under Contract Homes were 5,752
  • Sold Homes in 2011 3,082
  • Sold Homes in 2012 3,713
  • Sold Homes in 2013 4,857

Which means that inventory is down -8.81% from July 2012

  • The average days on market is 37 days and this is in all price ranges, with the shortest days on market in 24 days in the price range of $200,000-$399,000 with the largest days on market of 135 days in the price range of 1M-3M. This is for residential properties in the Metro Denver area.

So what does all these number mean. If you are a seller it is a good time to sell, especially if you have been putting off selling the last few year. Do remember that pricing your property right the first time your property will go under contract faster and possibly for a higher price, netting you more money. Of course, you will take into consideration condition, location, what has sold in the neighborhood, etc.

Curious about what your property would sell for in today’s market? Visit CullisColoradohomes.com  and visit the Market Insider tab to see what is happening in your neighborhood. Ready to make a move contract me, Ruth Cullis

Until next time!

Ruth A. Cullis

 

*Based on information from Metrolist, Inc. for the period shown above. This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

11 Reasons Why You Should List Your Home During The Holidays

11. During the holidays your competition is lower, most sellers take their home off the Holiday Cookiermarket for the holidays. You are less likely to receive an offer from a buyer with a contingency, unlike the spring when there are more house on the market for less money. This is good for you since this will allow you to sell high and buy low!

10. You will be able to sell for more money and negotiate a delayed closing or extended occupancy until early next year.

9. Even with your house on the market, you will have the option to restrict the showings of your house during the six or seven days around the holiday.

8. Employees with new jobs usually begin in January and usually transferees cannot wait until spring to purchase  a new house, so being on the market during the holidays will capture that new transferee buyer.

7. Tax reasons, some people must purchase before the end of the year for tax purposes.

6. Buyer’s have more free time to look at homes during the holiday rather than looking at homes during the work week.

5. Buyers tend to be more emotional during the holidays, so they may be more likely to pay your price.

4. Houses that are decorated for the holidays show better.

3. Most sellers sell in January so your competition is higher, decreased demand means less money for you.

2. Fewer houses mean that serious buyers have less to choose from. Less competition equals more money in your pocket.

What’s the number one reason why you should listing your home during the holiday…

1. Serious buyers look for homes during the holidays!

Need additional information about what is going on in your neighborhood or have any questions regarding the real estate process contact me and let chat.

Until next time!

Ruth A. Cullis

Loft in Ballpark Neighborhood

Ballpark Neighborhood

Thinking of wanting to spend time in downtown Denver. This loft unit is located in the historic Lumber Loft Warehouse. This beautiful loft with exposed brick, gleaming hardwood floors, 14′ ceilings and wood beam is just an 13 minute walk from Coors Field, 12 minutes to Larimer Square and walking distance to all that Downtown Denver has to offer.  The kitchen has Cherry Cabinets, granite counter tops and stainless appliances. There is a master bedroom with a five-piece master bath and master bedroom located on the main floor and another room perfect to use as a home office. Tons of natural light shines through the great room area. The basement includes a full bath, a great area for a recreation room or simply add a wall and you have an additional bedroom. The building includes a workout room and party room available for entertaining. To see this wonderful LoDo loft or to get additional information or the ask about any other lofts or condos in the downtown area contact me by email at RuthCullis@kw.com or call me at 303-944-2626.

Until next time

Ruth Cullis

Spending the Summer in LODO

Blake Street

Welcome to the Ballpark Neighborhood!

Here is a great opportunity to live downtown and enjoy the Rockies baseball season and not fight traffic. This great two-story loft property is waiting for a new owner. Located on the corner of 25th and Blake street, you are just a 13 minute walk to Coors Field.

The two bedroom two and a half bathroom loft with exposed brick walls and wood beams is closed to all that LODO and downtown Denver has to offer. The main floor features a great room feel, gleaming hardwood floors, tons of natural light, master bedroom with five piece master bath and walk-in closet, an additional room to use as a home office, the kitchen boasts stainless appliances, granite counter tops and backspash, cherry cabinets. The lower level makes a perfect additional bedroom or family /recreation room and a full bath. You have access to a workout area, party room and storage area.  All located in the historic Lumber Loft Warehouse.

What a great time to purchase a home, just in time to use the $8000.00 first time home buyer tax credit or to $6500.00 move up buyer tax credit. For more information about the tax credits or the see this spectacular property contact me.

Until next time!

Ruth Cullis