Here’s free advice if you’re buying a home. It’s my Free Consumer Guide titled "Finding the Home of Your Dreams.” Call me at
303-526-2606 to get a copy…
December, 2019
Sam Wilson's...
Denver Area
Real Estate News
Headline:
Like the Holidays, real estate is very predictable this time of year. For Sellers; Sales and the average sale price are both up slightly over last year. For Buyers; More choices, homes are taking longer to sell, thus putting pressure on pricing, Motivated sellers might be more negotiable right now.
The Facts:
Source; see the full detailed DMAR Market Trends Report at http://bit.ly/DECDMAR
- Number of homes for sale (Inventory) is 8557 which is even with the same time last year.
- Days on Market REMAINS 33 days; which is still relatively fast for this time of year.
- Unit sales are down 6.4% vs. last month, but up 1.6% for the year to date.
- Average sale prices are up 1.2% over last month, and up 3.5% over last year. However, price reductions and list to sale price gaps are increasing.
Opportunity and Optimism for Sellers:
It’s still a seller’s market, but the trend is more price reductions, more properties 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 lagging price opinions from the internet. They 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 more aggressively than you could in the recent seller’s markets.
- There are 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 motivated sellers and increased buying power for Buyers.
https://www.samwilsongroup.com/
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!)…
Squad (skwad) noun
Meaning: an informal group of individuals with a common identity and sense of solidarity
Sample Sentence: When she found herself in conflict with a classmate, she knew she could count on her squad to back her up.
Easy Choice
At sentencing, the judge said: “You have a choice! Ten thousand dollars, or 6 months in jail.”
The convicted, relieved, said: “I’ll take the money, Your Honor!”
Stuck: An Airport Story
Facing a delayed or cancelled flight? Here are a few things to know:
- Avoid being involuntarily “bumped” due to overbooking by checking in 24 hours in advance. If you checked in early enough, you may be entitled to compensation.
- Speak to someone at the airline as quickly as possible. Using the airline’s app, you may be alerted to delays quicker, and you can conduct your own research for new flight itineraries.
- Some credit cards offer a trip-delay benefit. Look into your options.
- Know your rights. Read more at: transportation.gov/airconsumer/
fly-rights
Quotes To Live By…
“A man knows when he is growing old, because he begins to look like his father.” –Gabriel Garcia Marquez
“If you don’t stand for something, you’ll fall for anything.” –Unknown
“Advice is like the snow. The softer it falls, the longer it dwells upon, and the deeper it sinks into the mind.” –Samuel Taylor Coleridge, poet
From athletic equipment to holiday décor, the garage often ends up being the dumping ground for storing big, bulky items that don’t have anywhere else to go … but that doesn’t mean it has to be overrun and unruly. Start here to get that mess under control. (Save this article to go with the previous articles in our 4-part series).
1. Give yourself room — and time — to declutter. Start in the morning on a day with good weather. Pull everything possible into the driveway. As you clear the garage, group like items together: automotive products, tools, holiday items, sporting equipment and toys, etc.
2. Throw away, right away. Some things aren’t even worth sorting. Toss old newspapers and magazines into the recycling bin. Set old electronics, paint, and other chemicals aside so you can properly dispose of them later. Anything that’s broken needs to go right into the trash.
3. Thoroughly clean the garage. Use a shop vac to clean up the floor, shelving units, and cobwebbed corners. Wipe down all countertops, cabinets, and drawers.
4. Decide on storage. Once you’ve sorted all of your items, think about how they can best be stored. Because items in the garage are often used only occasionally, vertical and overhead storage is a good use of space. Use a variety of cabinets and bins to separate and store items, and label them clearly so you can easily locate things in the future. Use locked cabinets for household chemicals and dangerous items to keep kids and pets out. Consider storing larger items, like kayaks and artificial Christmas trees, hanging from the ceiling. You can also find ceiling storage racks at home improvement stores. Also, label everything clearly!
5. Don’t put everything back in the garage — yet! As you sort through everything that was in the garage, put duplicate items and anything you no longer need or want in a separate place. These items will be donated or put into a yard sale later — but they don’t get to go back into the garage.
6. Mindfully keep the garage organized. Moving forward, as you use items in the garage, put them back where they came from. Before buying another tool, garden sprayer, or basketball, make sure you don’t already have what you need. Check those new labels you created first.
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!
Linda H. thank you for your patronage!
Brain Teaser
What number is missing from this series of numbers?
1, 1, 2, 3, 5, 8, 13, __, 34
(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 Comprehensive Market Analysis. Request this “no charge” in-depth home value analysis by calling me at:
303-526-2606.
Preventing Carbon Monoxide Poisoning
Carbon monoxide poisoning happens most often in the winter, when we close up our homes and use appliances and products that use fuel. Take steps to prevent an unintended problem.
- Remove or replace fuel-burning machines. If you have fuel-burning products like generators, keep them out of the living space.
- When using fuel-burning products, use them outside or in a well-ventilated space.
- Keep sources of carbon monoxide (like furnaces and clothes dryers) in working order.
- Install carbon monoxide alarms to help monitor for problems.
- If you suspect a gas leak, call a professional and remove everyone from the house immediately.
Creative Classes Websites
Let your inner artist out! These websites offer dozens of online courses that encourage creativity.
www.udemy.com – Starting at $11.99 per course, Udemy’s heavy emphasis is on design, photography, and business-related classes.
www.skillshare.com – From illustration and writing to photo and film, each class on this site features short lessons and a hands-on project.
www.MasterClass.com – Classes are taught by renowned writers, chefs and other great minds: think Margaret Atwood, Ron Howard, and Simone Biles.
Find Out How the
Changing Market
is Affecting Your Home's Value
visit
RisingHomeValues.com
or call Sam direct at
303-526-2606
So many items end up on shelves and in drawers, collecting dust once their novelty has worn off. Next time you’d like to give a gift, consider giving something that can live on dust-free.
- Eco-friendly, reusable items. Items like canvas shopping bags, mesh produce bags, stainless steel straws, and collapsible silicon takeaway containers can be used anytime someone goes shopping or out to dinner.
- Charitable donation. From microfinance loan programs for small businesses in developing nations to local, grassroots projects, there are thousands of organizations trumpeting just as many issues. Find out what cause is important to the recipient of your gift and make a donation in his or her name.
- Intangible activities or lessons. Whether it’s music lessons or yoga classes, gifting the opportunity to learn or perfect a skill gives people the chance to grow personally in a meaningful way.
https://www.samwilsongroup.com/
FREE Consumer Help is Just a Phone Call Away...
Learn valuable secrets for saving thousands and avoiding costly mistakes when buying, selling or refinancing a home. Best of all, it’s FREE. Ask about my “Insider’s Free Resources” by calling me at: 303-526-2606
DID YOU KNOW…
Unlike most real estate agents, I DON’T spend my time pestering people with phone calls or bothersome interruptions to find good clients. Instead, I dedicate 110% of my time and energies to providing such outstanding service, people naturally think of me when a friend or family member needs help buying or selling a home. THANKS for your referrals!
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:
21 (each number is the previous two numbers added together)
Writing On The Wall
If you need to remove pen or marker from a painted wall, use hairspray. Spray a lot of the product on the problem area and wipe it off with a paper towel. If that doesn’t work, try rubbing alcohol on a sponge.
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. What are some mistakes I should avoid when investing in real estate?
A. Even smart investors make mistakes. Here are three common mistakes and what you should do instead:
- Not Doing Your Homework. Evaluate your financial situation and understand the right numbers to calculate. Learn the basics about cash flow, appreciation, and loan amortization.
- Not finding the right property. Do a thorough search, including “off MLS” deals and best buys, to find the right property for you. Work with a REALTOR® who is an Investor Specialist. He or she can help find a good investment property.
- Failing to get a professional inspection. You need to know if there have been problems with the property and that they’ve been properly addressed.
To learn more about owning investment property, call and ask for my Free Consumer Report called “How To Avoid 8 Dumb Mistakes Even Smart Investors Make.” I'll send you a copy!
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: Jane B was the first person to correctly answer my quiz question.
Which female ‘monster’ appeared in a movie first?
a) Bride of Frankenstein b) The Mummy c) Carrie
d) Vampire Carmilla
The answer is: a) Bride of Frankenstein, who appeared in a film in 1935. So let’s move on to this month’s trivia question.
Which singer became one of the two new judges for the 10th season of the television show American Idol?
a) Ryan Seacrest b) Steven Tyler c) Gwen Stefani d) Adam Levine
Call Me At 303-526-2606 OR Email Me At [email protected]
And You Could Be One Of My Next Winners!