To Renovate or Not To Renovate Before You Sell

To Renovate or Not To Renovate Before You Sell | MyKCM

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season.

1. There aren’t enough homes for sale right now.

A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are…

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Americans See Major Home Equity Gains

Americans See Major Home Equity Gains [INFOGRAPHIC] | MyKCM
Some Highlights

  • Today’s home price appreciation is driving equity higher throughout the country.
  • If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.
  • Now is a great time to put your equity toward a down payment on the home of your dreams.

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While life events like a family milestone or kids growing up can encourage you to sell your home, the decision often involves many other factors. Understanding your finances, your timeline, and how you’ll sell can provide good insight into whether you’re ready to sell your home. 1. How much is my home worth? Start by asking me for a comparable market analysis. Not a computer generated one, but one that is specific to your home.   2. Do I have enough equity to sell my home? You’ll typically want to have enough equity in your home to pay off your mortgage and the costs of selling and have equity left over for your next adventure.   3. How much will it cost to sell my…

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Today, anyone looking to purchase a new home utilizes the internet to search for homes for sale. Many potential home buyers and sellers will use big-name Real Estate Home Search companies to research a neighborhood or get property values or even choose a real estate agent.   But did you know a lot of these search engines have outdated properties that are not even on the market anymore? Some properties have not even been for sale at all. And pricing on these platforms can be off by a long shot at times. They just do not have the capability of really knowing the neighborhood or your home like me, your local agent and Summit Area Specialist.   When searching for accurate home information, whether you are buying or…

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What Record Low Inventory Means for Buyers and Sellers in Mountain Home Real Estate

Are you looking to buy a mountain home this year? What should you expect, and how can you prepare? Are you planning to sell your mountain real estate? How can you drive the competition to start a bidding war? Watch my video to set yourself up for success in this competitive real estate market. Follow Us on Instagram: @shannon_mountain_realtor or Facebook: @BosgraafRealtor. 


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This is just one of the reasons you want a great real estate agent on your side. Buying, Selling, and Living in a home relies on great resources, and finding a good provider is key.

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Thanks so much to Title Company of the Rockies and our Summit Association for breaking down the market stats. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. Do yourself a favor and invest in real estate, ride the appreciation, and grow your wealth this…

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3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life | MyKCM

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and clear, meaning they don’t have a mortgage at all.

How can equity help a household?

Having equity in your home can dramatically impact…

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A New Way to Shop for Homes in a Virtual World | MyKCM

 

In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live.

This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – turned to the Internet to do more than just a typical home search. In some cases, they bought homes without even stepping foot inside. Jessica Lautz, Vice President of Demographics and Behavioral Insights at the National Association of Realtors (NAR), says:

“People really didn’t buy houses sight-unseen, traditionally. It’s still not a huge number, but it has gone up, and we have definitely seen that…

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Your House May Be High on the Buyer Wish List This Holiday Season | MyKCM

 

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.

Here are seven great reasons not to wait to sell your house this holiday season:

1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.

2. Purchasers who look for homes during the holidays…

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