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September 2020
Sam Wilson's...
Denver Area Real Estate News
September's Market Story
Headlines:
Driven by all-time low interest rates, we saw the most home sales in the month of August – ever! Inventory is down 41% vs 2019 and the average home price hit an all-time record for the Denver Metro at $606,000 for single family homes!
The Facts:
Source: see the full detailed Market Trends Report at https://bit.ly/DMAR09-20
- Number of homes listed for sale in July (inventory) was 5496 which is DOWN 41% vs. August 2019, and down 14.8% vs last month.
- More homes sold than were listed for sale by month’s end!
- Days on Market remained at 23 days, which is extremely fast.
- Unit sales are DOWN 18.7% vs last month, and up 4.2% vs July 2019.
- August Avg. prices are UP 1% over July, and UP 11.8% over last year.
Opportunity and Optimism for Sellers:
Record low interest rates are flooding the market with buyers resulting in more bidding wars, especially under $500,000. My advice:
- Price your home on the high-side and let the market demand drive it up even more! Avoid using lagging price opinions from the internet as you want to price ahead of the rising trends.
- Now is the best time to list and sell ahead of the trends that may result in more competition and less buyers later this year.
Opportunity and Optimism for Buyers:
Take advantage of your increased affordability and buying power with record low interest rates! My advice:
- Hire an agent experienced with negotiating in a strong seller’s market and beating out other buyers – even if your offer is NOT the highest! Yes. Can.
- More bidding wars in the affordable price ranges. The lower the price the higher the bids! Learn how to win in a rising market with very low supply (ask me ????)
https://www.samwilsongroup.com/
Learn How To Maximize The Value Of Your Home
Did you know there’s a free consumer report showing what to fix to net the most value for your home? It’s called “Make Your Home Show Like A Model Without Breaking The Bank” and it’s an essential guide to homeowner profits. You can get a 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!)…
Nomophobia (no-mo-fo-bee-ah) noun
Meaning: The fear of being without a mobile device. The word is derived from no-mobile-phone-phobia.
Sample Sentence: Because of her nomophobia, she chose not to go on a long day hike that would have taken her out of cell phone range.
Estate Planning:
Digital Assets
Beyond homes, cars, and other tangible items, you likely have digital assets and information someone else will need to access after you’ve passed away. Get your digital details in order now:
- Inventory all your digital items, including cloud storage, email, social media, and phone.
- Designate contacts for those services that have built-in features that make it easy to pass data to surviving family members. For example, Google has an Inactive Account Manager feature and Facebook has a Legacy Contact feature.
- Set up your password manager program (like Dashlane [Dashlane.com] or LastPass [LastPass.com]) with an emergency access user.
Quotes To Live By…
“Never, ever underestimate the importance of having fun.” –Randy Pausch, educator
“A crown is merely a hat that lets the rain in." –Frederick the Great
“Success isn’t about how much money you make. It’s about the difference you make in people’s lives.” –Michelle Obama
Replacing a vehicle’s engine is costly and inconvenient. Keep yours running as long as possible with a few key good habits.
- Avoid quick acceleration. Don’t race a car’s engine when you start it up, especially in cold weather. Accelerate slowly when you begin driving, and don’t drive at high speeds or accelerate quickly when it’s very hot or cold outside.
- Avoid idling. It’s common to let a car “warm up” by letting it idle before driving, but this results in soot deposits on cylinder walls, oil contamination, and other conditions that can have a long-term, negative impact. Note: if it’s very cold out, you should warm the engine up before driving to allow oil and other fluids to circulate.
- Combine errands. Driving for a longer period of time during low-traffic hours is easier on your engine and better for the environment.
- Maintain wheel-well splash guards. These help keep water, slush, and salt from splashing into the engine compartment, which can cause damage.
(story continued from page 1)
- Don’t wait for or expect prices to fall in the foreseeable future. At this time, there are no trends or data to support a bubble or any significant decreases.
My Conclusion:
It’s a Sellers’ market, inventory is low AND interest rates are low. Thus, prices are increasing and will for the foreseeable future. I continue to recommend SELLERS SHOULD LIST NOW AND BUYERS SHOULD BUY NOW! This is a rare window of opportunity and optimism for EVERYONE!
Are you interested in buying or selling a home? Check out my neighborhood pages for:
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!
Brain Teaser…
A man is walking when it begins to rain. He doesn’t have an umbrella or a hat and has nowhere to hide. He arrives home completely soaked, yet not a single hair on his head is wet. How is that possible?
(See page 4 for the answer.)
Real Estate Question?
Maybe you want to know how much your home is worth. Or maybe you just need a recommendation for a handyman, carpet cleaner or plumber…Either way, I love hearing from all of my good friends and clients. And I’m happy to help answer questions you might have about anything relating to real estate or home-ownership.
If you have a question, tip or idea, call me at 303-526-2606. I’m here to help!
Scram, Squirrel!
Regardless of where you live, bird feeders attract a host of colorful feathered friends to the backyard — but squirrels always want in on the fun! Keep those pesky squirrels at bay:
- Mix a tablespoon of powdered cayenne in with every 10-pound bag of birdseed. Birds don’t mind, but squirrels hate it.
- If the bird feeder is on a pole, cover the pole with petroleum jelly.
- Hang feeders on a string at least two feet away from any tree.
Journaling Websites
Get your thoughts down online from anywhere.
750Words.com – Make writing a daily habit with 750 words (approximately three pages) in a private space. Plus, track your writing habits.
IntelligentChange.com/Pages/Five-Minute-Journal-App – Three questions to help you instill gratitude, set purpose for your day, and create empowering beliefs every day.
Daylio.WebFlow.io – For the person who doesn’t like to write much, this app lets you record your mood and activities through emojis or short notes.
Avoid Costly Inspection Traps BEFORE
a Buyer Sees Your Home For Sale
According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the eleven most common of these problems, and what you should know about them before you list your home for sale.
Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost you dearly in terms of repair. That's why it's critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you, you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether. In most cases, you can make a reasonable pre-inspection yourself if you know what you're looking for and knowing what you're looking for can help you prevent little problems from growing into costly and unmanageable ones.
To help home-sellers deal with this issue before their homes are listed, a free report entitled "11 Things You Need to Know to Pass Your Home Inspection" has been compiled which explains the issues involved.
To receive your free special report call me at 303-770-1250 or reply to this email with your address.
You can call any time, 24 hours a day, 7 days a week.
Get your free special report NOW to learn how to ensure a home inspection doesn't cost you the sale of your home.
https://www.samwilsongroup.com/
Please Welcome New Clients
And Good Friends Into Our Real Estate Family...
I’d like to take a moment to personally introduce and welcome a few of my newest clients and good friends who have supported my business over the years. And special thanks to everyone who thought of me with your referrals!
The Wright's
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 man is bald
Hello, Yellow!
Yellow is often affiliated with happiness, but there’s more to this sunny color.
- Natural yellow pigments include ochre, saffron, turmeric and Garcinia tree resin.
- The human eye processes the color yellow first.
- It is one of the primary colors. The other two are red and blue.
- Its high light reflectance value helps it act as a secondary light source.
Face It
Q: What did the right eye say to the left eye?
A: Between you and me, something smells.
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: My home isn’t selling. What should I change about my marketing tactics?
A: Homes may not sell for various reasons, including your asking price, your home’s condition and timing If you’ve taken it off the market and are looking to try again, interview several different REALTORS® and choose a new one who shares your goals and stands out as a Home Marketing Expert. As a Home Marketing Expert, your REALTOR® should provide you with a dynamic new marketing plan that goes beyond holding open houses and sending out flyers. Here are some things to look for in the plan:
- Offering updated ideas about your home’s condition, staging and asking price.
- Using all advertising avenues, including online. Did you post compelling pictures of your home the first time you tried to sell it? Did you include a virtual home tour? People selling larger properties are even using drone videos to show all the home’s outside features.
- Posting on social media. Does this person use Facebook to showcase properties (in an appropriate manner)?
- Getting the attention of other REALTORS®. Does this person have contacts with REALTORS® who are already working with out-of-town buyers who may be moving to the area?
To learn more about how to sell your home the second time, call and ask for my Free Consumer Report called “4 Tips To Guarantee Your Home Sells The Second Time.” Call me at: 303-526-2606
https://www.samwilsongroup.com/
Starbucks?”
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: Kay B was the first person to correctly answer my quiz question.
What popular 1980s TV show had one of the most-watched single episodes in television history?
a) Dallas b) M*A*S*H c) Dynasty d) Roseanne
The answer b) M*A*S*H. The final episode of the beloved series ran in February 1983 and was watched by more than 100 million people. So let’s move on to this month’s trivia question.
What inspired cartoon character Scooby-Doo’s name?
a) a song b) a dessert c) a dance move d) a pet
Call Me At 303-526-2606 OR Email Me At [email protected] And You Could Be One Of My Next Winners!