WARNING: Don’t even think of selling your home without my Free Consumer Guide titled, “How To Avoid 7 Costly Mistakes When Selling Your Home.” Call me at
303-526-2606 to get a copy…
August, 2019
Sam Wilson's...
Denver Area
Real Estate News!
"Telling You the Truth About Denver Real Estate for 20 years..."
Headline:
Vacation! Hope you’re enjoying yours and the market seems to be taking one as well. A decrease in sales and increase of inventory is creating more weekly price reductions than I’ve seen in years! But don’t worry, this is good for both buyers and sellers.
The Facts:
Source; see the full detailed Market Trends Report at https://bit.ly/2YKQDH0
- Number of homes for sale (Inventory) is 9359 which represents an increase of 22% vs July 2018.
- Days on Market is up to 25 days; a 19% increase from July 2018.
- Unit sales are down 2.5% vs. June of 2018, and down 6% from June this year.
- Both average and median price slowed to a rate of only +4% vs last year, and July prices were down 0.2% vs June this year.
Opportunity and Optimism for Sellers:
It’s still a seller’s market, but price reductions are on the rise with 22% of the Denver Metro shoing redcutions in July. Buyers have more choices and will be more pragmatic about the house they buy. My advice:
- Preparation – Prepare your home like it’s entering a beauty contest!
- Pricing – Price realistically and ahead of the trends. You must have an agent to negotiate aggressively on your behalf. Contracts, Inspections, and especially Appraisal negotiations.
- Marketing – leading edge marketing is critical right now to garner attention to your listing above the competition, create demand and attract more buyers.
Opportunity and Optimism for Buyers:
There’s clearly a trend favoring buyers! More homes, on htemaket, price reductions AND lower interest rates! The perfect time to buy. My advice:
- Start now while inventory is up, and mortgage rates are still low and declining.
- Hire an agent who’s experienced in buyer’s markets to negotiate price and terms in a more balanced and fairer environment.
- There are fewer bidding wars as you increase in price ranges and buyers should not have to accept properties in “as-is” condition.
- Trading-up or downsizing has become much easier to negotiate contingent offers, thus reducing the stress of finding your next home.
My Conclusion:
It’s still a Sellers’ market but becoming more attractive and balanced for buyers. Higher inventory and slowing sales will continue to result in price reductions for sellers and increased buying power for buyers.
https://www.samwilsongroup.com/
How to Get Top Dollar Selling Your Home
If you’re thinking about selling your home soon, request my Free Book, “How To Sell Fast and For Top Dollar.” This book will be your secret weapon to maximize the net profits from the sale of your home. Get your free copy by calling me at…303-526-2606
Word of the Month…
Studies have shown your income and wealth are directly related to the size and depth of your vocabulary. Here is this month’s word, so you can impress your friends (and maybe even fatten your wallet!)…
Digital detox (Di-ji-tal dee-tox) noun
Meaning: a period of time when a person chooses to refrain from using digital devices
Sample Sentence: She decided to take a digital detox while on vacation and not check her social media accounts.
Chil-i Out
Do you know the difference between chile powder and chili powder? Chile powder is made of dried chile peppers, ground with no other additions. Chili powder blends chile peppers with other spices like cumin and oregano (for making chili).
Smart Clothes Shopping
How many clothing items in your closet do you actually wear? Avoid falling into fast fashion trends with these tips:
-Invest in high-quality clothing with better materials and production.
-Buy clothing that fits or have it tailored properly so you actually wear it.
-Buy clothes that you’ll realistically wear and that look good on your body type now (not the one you wish you had or used to have).
-Care for clothing with proper washing, ironing, and storage.
A Sad Show
Q: Why did the theater cry?
A: Because it had tiers.
Quotes To Live By…
“I have lost friends, some by death, others through sheer inability to cross the street.” –Virginia Woolf
“You may catch more flies with honey than vinegar, but you’ll get them to work harder if you use a flyswatter.” –Jerry Lewis
“Great minds discuss ideas; average minds discuss events; small minds discuss people.” –Eleanor Roosevelt
“According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. Here are 11 you should know about if you’re planning to put your home up for sale.”
https://www.samwilsongroup.com/
A Heartfelt Message to My Special Clients and Friends
I want to share a little secret with you. I don’t spend my time cold calling or pestering people for business. Instead, I focus 110% of my efforts on giving such outstanding service that people naturally think of me when a friend, neighbor or family member needs a caring and competent REALTOR®.
I would like to take a moment to acknowledge and thank a few of the special people in my life who’ve helped build my business with their enduring support and referrals. I couldn’t do it without you!
Brain Teaser
Feed me and it gives me life. Give me a drink of water and I will die.
What am I?
(See page 4 for the answer.)
To Refrigerate...Or Not?
Many condiments state “refrigerate after opening” on their labels. But what actually needs to be refrigerated?
YES:
-Mayonnaise – Anything with egg as an ingredient goes to the fridge!
-Ketchup – Quality suffers if it’s kept unrefrigerated.
-Maple syrup
-Salad dressings (if they contain any vegetable matter)
NO:
-Anything high in acids or salt like hot sauces, Worcestershire sauce, soy sauce, and mustard. However, store them in a cool, dry place away from sunlight.
-Honey
-Nut butters
Newsfeed Websites
Instead of visiting dozens of websites every day, use an online news feed to curate, sort, and read your favorite sites all in one place. You can select your favorite topics- and usually can add sites or stories from your browser to read later. These three have apps you can use on your phone, too!
www.feedly.com – Sort and manage up to 100 different news sources in the free version.
www.newsblur.com – Curate up to 64 sites in the free version and share content with friends.
www.inoreader.com – Offers an uncluttered, easy way to view all your news sources.
Find Out How The
CHANGING MARKET
Is Affecting
Your Home's Value!
Get your FREE home value report by visiting
RisingHomeValues.com
or by calling Sam direct at 303-526-2606
Get Ready to De-Clutter: Part 1
Who said spring cleaning should only happen once a year? Any time is a good time to declutter … but where to start and how to do it well? This month, get in the right frame of mind. Next month, we’ll tackle the bedroom!
Before you begin:
- Set aside time to focus on decluttering.
- Avoid buying anything new for your home during the decluttering process.
- Think about what you want the space to look like after decluttering. Throughout the process, revisit this vision.
Next:
- Choose an area that causes the most stress or an area that impacts your daily life.
- Start with visible surfaces like desktops and tables, then tackle hidden places like drawers and cabinets.
- Re-evaluate and reorganize large items like furniture.
- Deal with each item, and make sure there is a proper place for everything.
https://www.samwilsongroup.com/
Here's a Free, Valuable Resource
Now You Can Search The Home Market, Get Helpful Community Information, AND Receive Important Resources For Saving Time And Money When Buying Or Selling At https://www.samwilsongroup.com/
Thanks For Thinking of Me!
Did you know I can help you or any of your friends or family save time and money when buying or selling a home? Thanks for keeping me in mind with your referrals…and spreading the word about my services.
Brain Teaser Answer:
Fire
College Visits 101
Class is in session! How to get that almost-collegiate ready for college visits:
- Visit during the school year. That way you can get a feel for the actual vibe of campus life.
- Make a visitation plan. Before hitting campus, check to see if there are tours at certain times, and make appointments with professors, coaches, or student club officers in advance instead of just dropping in.
- Grab the student newspaper. What are the hot topics on campus? Are students’ concerns being addressed?
- Explore the facilities. Don’t forget to stop by the student union building, gym, and cafeteria. Ask if you can tour a dorm.
- Don’t feel pressured to go. Visiting in advance is not a requirement!
THANK YOU for reading my
Service For Life!® personal newsletter. I wanted to produce a newsletter that has great content and is fun and valuable to you. Your constructive feedback is always welcome.
AND…whether you’re thinking of buying, selling or financing real estate, or just want to stop by and say “Hi,” I’d love to hear from you…
Sam Wilson
Sam Wilson Home Selling Team brokered by eXp Realty
303-526-2606
Disclaimer: The information contained in this letter is intended for informational purposes. It should not substitute as legal, accounting, investment, medical or other professional services advice. Always seek a competent professional for answers to your specific questions. This letter is not intended to solicit real estate properties currently for sale.
Q. I’m seeking financing to purchase a home. What questions should I ask a mortgage lender to get the best deal on a home loan?
A. Before you meet with the lender, learn important financing terms such as origination fee, discount points, and lock period. This way you’ll be prepared to ask relevant questions. Here are some examples:
- Will I be charged an origination fee? If so, how much?
- Will I be charged separate discount points? If so, how much?
- Will I be charged any of these separate fees: processing, document preparation, underwriting, tax service, or flood certification?
- Will there be additional fees at closing?
- Is there a lock period with this loan? If so, how long?
- Are there any penalties if I pay off the note early?
- What is the interest rate I’ll be charged, and is it fixed or variable?
- What term (length) of loan provides the best payment for my budget?
For definitions of these terms and more financing tips, ask for my Free Consumer Report called “7 Secrets For Saving Thousands When Financing Your Home.” I’ll send a copy right to you.
Do you have a question related to real estate or home ownership? Please call me at 303-526-2606. Perhaps I’ll feature your question in my next issue!
https://www.samwilsongroup.com/
Amazon Gift Card?”
Guess who won last month’s Trivia Question? I’m pleased to announce the lucky winner of last month’s quiz. And the winner is…drum roll please: Pamela W. was the first person to correctly answer my quiz question.
The famous Brownie Box Camera from Eastman Kodak sold for how much when it first hit store shelves in 1900?
a) $2.50 b) $1.00 c) $10.00 d) $5.00
The answer is b) $1.00. This is the rough equivalent of $30.00 in today’s dollars. So let’s move on to this month’s trivia question.
The oldest ice skates found so far date back to 2000 BC.
In what country were they found?
a) Canada b) Sweden c) Finland d) Russia
Call Me At 303-526-2606 OR Email Me At [email protected]
And You Could Be One Of My Next Winners!