Selling Your Home Soon? You’ll need my Free Book titled, “How to Sell Homes Fast for TOP DOLLAR.”
Call me at
303-526-2606 to get a copy…
October, 2019
Sam Wilson's...
Denver Area
Real Estate News
Market Story October 2019
Headline:
What’s spooky for sellers is Casper the friendly ghost for buyers! For Sellers; More competition, taking longer to sell, both putting pressure on pricing. For Buyers; More competition, taking longer to sell, both putting pressure on pricing.
The Facts:
Source; see the full detailed DMAR Market Trends Report https://bit.ly/2Mi7ufO
- Number of homes for sale (Inventory) is 9286 which represents an increase of 5.5% vs
September 2018. This means more homes for sale/competition.
- Days on Market is up to 33 days; +22% from September 2018 and +6.5% vs last
month! This means its taking longer to sell.
- Unit sales are up 2% vs. August of 2018, but down 20% from last month!
- Both average and median price are up slightly vs. 2018 but down vs. last month. More
homes on the market taking longer to sell cause more price reductions.
Opportunity and Optimism for Sellers:
It’s still a seller’s market, but the trend is more price reductions, more inventory taking longer to sell. All in the face of lower interest rates! Buyers have more choices and will be more pragmatic about the house they buy. My advice:
- Prepare your home like it’s entering a beauty contest, because it is!
- Price your home realistically and ahead of the trends. Avoid using pricing from the
internet from companies that have not seen your home in person.
- It is critical right now to market your listing aggressively to create demand and attract
more buyers. Thus, attracting more offers and a faster sale.
Opportunity and Optimism for Buyers:
There’s clearly a trend favoring buyers! More homes, on the market longer, price reductions AND lower interest rates! Perhaps 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
aggressively
in a more balanced marketplace.
- There significantly less bidding wars! Buyers can negotiate concessions and 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/
Thinking of Buying A Home Soon?
If you’re planning to buy a home in the next 6 months, you’ll want a copy of my Free Book, “Finding the Home of Your Dreams.” My book will help you avoid frustrations and costly pitfalls when buying a home.
Simply call me to get a free copy: 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!)…
hack (hak) verb and noun
Meaning: The familiar word “hack” has gained new meanings in recent years. Today, it can also mean changing a computer program or it can be a clever solution to a problem.
Sample Sentences: “She hacked the software so each employee could see their remaining vacation time.” and
“A simple recipe hack updated an old family favorite to accommodate food allergy issues.”
Moody Front Door?
What feelings does your front door’s color inspire? Here are a few color families and the emotions they’re associated with.
Easy pH Testing For Soil
Want to find out if your soil is alkaline or acidic? You only need two ingredients. Mix some soil with vinegar, and some with baking soda. If the vinegar sample bubbles your soil is alkaline. If the baking soda sample bubbles, your soil is acidic.
Quotes To Live By…
“Blessed is the man, who having nothing to say, abstains from giving wordy evidence of the fact.”
–George Eliot
“Less is more only where more is no good.” –Frank Lloyd Wright
“To succeed in life, you need three things: a wishbone, a backbone, and a funny bone.” –Reba McEntire
https://www.samwilsongroup.com/
Thank You! Thank You! Thank You! Thank You!
Thanks to all of my clients and friends who support my practice and graciously referred me to your friends and neighbors.
Rather than pester people with unwanted calls and visits, I build my business based on the positive comments and referrals from people just like you. I couldn't do it without you!
Janet S. for her continued business!
Brain Teaser
What’s the difference between a student who’s studying and a farmer who’s watching the herd? (Hint: mind)
(See page 4 for the answer.)
What’s My Home Worth?
If you want to know your home’s current value, I will gladly conduct a Maximum Value Home Audit. Request this “no charge” in-depth home value analysis by calling me at:
303-526-2606
4 Reasons to Use Vinegar in the Washer
A little white vinegar in the rinse cycle of your wash can do wonders! And with the small amount used, your clothes won’t smell like salad dressing. Here are only a few great benefits.
1. It’s a natural fabric softener. Skip the chemicals.
2. It helps colors stay vibrant. Vinegar sets dyes, so it’ll keep your colorful duds brighter longer.
3. It helps keep the washing machine clean while it’s washing your clothes.
4. It helps dissolve powdered detergents, especially if you’re washing with cold water.
Note: Never use vinegar in combination with bleach; the mix creates a toxic gas.
Find out how the
CHANGING MARKET
is affecting your home's value!
visit
RisingHomeValues.com
or call Sam direct at 303-526-2606
Your Home Doesn't Sell
If your home has just come off the market and hasn't sold, don't be discouraged. The reason your home did not sell may have nothing to do with your home or the market. In reality, your home may have been one of the more desirable properties for sale. So Why Didn't Your Home Sell?
Many homes listed for sale never sold, and many sellers found that there was a tremendous amount a homeowner needed to be educated on to sell their home for top dollar in the shortest time period. Don't risk making the wrong choices and losing both time and money on your investment. Before you hire a realtor, know the right questions to ask to save you time and money.
Industry experts have prepared a free special report called "How to Sell a House that Didn't Sell" which educates you on the issues involved.
You can call any time, 24 hours a day, 7 days a week to get your free special report. CALL NOW 303-526-2606 to make sure your home sells the next time you list it for sale.
Decluttering is all the rage these days, but the kitchen can be a tricky room to clear out—cabinet doors hide a multitude of sins, and so much of what’s in our kitchens is necessary (even if not often used). These tips will help you get started to create your ideal clutter-free kitchen space.
Stay tuned, because next month in this series you’ll learn all about how to declutter your bathroom!
https://www.samwilsongroup.com/
Would You Like To Know How Much
Your Neighbor's Home Listed Or Sold For?
Maybe you’re just curious. Or maybe you want to know how much your home is worth. Either way, I can help…with no “sales pitches” or run-arounds. Call me at 303-526-2606
and I'll give you all the facts.
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:
The student is stocking the mind while the farmer is minding the stock!
Scrub-Free Baking Pan Cleaning
It’s easy to remove those old stains from your cookie sheets and make them look like new with two ingredients you probably already have at home. The mix of baking soda and hydrogen peroxide is a powerful stain-absorbing concoction.
1. Sprinkle baking soda on the stained surface.
2. Spray lightly with hydrogen peroxide.
3. Sprinkle another layer of baking soda.
4. Let sit for 1-2 hours (depending on the severity of the stains).
5. Wipe mixture off the surface and clean with soap and water as normal.
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. How can I secure a low mortage interest rate?
A. Securing a low mortgage interest rate helps make your monthly payment more affordable and saves money over the life of your loan. Besides using a larger down payment, here are three things to do to secure a low mortgage interest rate:
To learn more, call me to request my Free Consumer Report called “7 Secrets For Saving Thousands When Financing.” 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: unclaimed was the first person to correctly answer my quiz question.
Which of these facts about pearls is NOT correct?
a) Only male oysters create pearls. b) Most pearls commercially produced are freshwater. c) The shells and meat of pearl oysters are also used. d) La Peregrina is one of the most famous pearls in the world.
The answer is a) Only male oysters create pearls. In fact, most oysters are born male, and then they become female. So let’s move on to this month’s trivia question.
What Southeast Asian capital went by the name “Batavia” for more than 300 years before the name was changed to its current moniker?
a) Manila b) Bangkok c) Jakarta d) Kuala Lumpur
Call Me At 303-526-2606 OR Email Me At [email protected]
And You Could Be One Of My Next Winners!