Sam Wilson's...

Denver Area

Real Estate News

Brain Teaser…

How many of each species did Moses take on the ark with him?

 (See page 4 for the answer.)

November Market Story

Headline:

Both Buyers AND Sellers should be Thankful this month! For Sellers; Sales and the average sale price are both up over last year.  For Buyers; More listing competition, taking longer to sell, both putting pressure on pricing, meaning better deals.

The Facts:

Source; see the full detailed DMAR Market Trends Report at  https://bit.ly/2CoJkfg

• Number of homes for sale (Inventory) is 8557 which is even with the same time last year.
• Days on Market is up to 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 1.6% over last month, and up 3.5% over last year. However, price reductions and list to sale price gaps are gaining momentum.

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 fom the internet They 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.

Thinking of Selling Your Home?

Don’t attempt to sell your home without my Free Consumer Guide,
“6 Steps For Selling Your Home For Top Dollar.” My exclusive report will give you all the facts for a fast, top dollar sale.  Simply call me to get a free copy: 303-526-2606 

Beware of Inspection Pitfalls Before You Put

Your Denver Area Home Up 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 order a FREE Special Report, visit www.SamWilsonGroup.com or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-844-913-7504 and enter 2403. 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.

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/ 

Find Out How the

CHANGING MARKET

is Affecting Your Home's Value!

    by visiting

RisingHomeValues.com

or call Sam direct at 303-526-2606

Websites to Manage Passwords

Have you counted how many passwords you’re managing for all your online accounts? The number may astound you! You can save them all in one secure password manager, so you only need to remember ONE password.

www.lastpass.com – There’s a free version and an inexpensive upgrade that comes with larger storage and tech support.

www.keepersecurity.com – This inexpensive option also has face ID and fingerprint login, with unlimited storage.

www.dashlane.com – Highly-rated Dashlane is free (you can upgrade to a Business version), and you can download the app to take it everywhere on all your devices.

De-Cluttering Series:
The Bathroom            

      Want a tidier house? We’re going room-by-room, clearing out the clutter. This month: it’s all about the bathroom.

This room is one of our most used, and often one of the most cluttered. That’s especially true when multiple people need to use it. How can you make sure your bathroom is functional AND beautiful? Let’s get started!

• First, set up an area to help you organize items. Have a “trash” and “remove from bathroom” bin set up, and a large clear space where you can set everything out and take stock.
• Tackle any countertops and visible areas first. Put away anything that doesn’t need to be out. Keep things close to where they’re used – put hand soap, and toothbrushes and toothpaste near the sink. It’s much easier to keep cleared spaces clean and sanitary.
• Throw away old items, and products that have expired.
• Once all items are out, wipe all the cabinets and surfaces down, dust, and clean areas you normally can’t get to.
• Plan to put everything away by how often you use it. Back-ups and spares? Put those in the back of the cabinets.
• Put things away according to how they’re used. Morning skin care products should go together, in the order they’re used.
• Don’t let your drawers become catch-alls. Add organizers and small boxes to keep things tidy.
• Small bathroom? Buy vertical organizers that go over the toilet or shelves that sit higher in the room.

Does your room feel peaceful? Now, stick with it and make it a habit to keep it that way. Set aside a few minutes every time you get ready in the morning to put each item you use back in its spot. Next week: our final article in this series: de-clutter the garage.

Are You My Client of the Month?

     Every month I choose a very special Client Of The Month. It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.

            This month’s Client Of The Month is:

Eric & Kelly R

     You might be my next Client Of The Month too! Watch for your name here in an upcoming month.

“Who Else Wants To Win

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 S. was the first person to correctly answer my quiz 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 

           
The answer is (c) Jakarta - Indonesia's capital city was called Batavia from 1619-1942 when it was a Dutch colonial capital. So let’s move on to this month’s trivia question.

Which female ‘monster’ appeared in a movie first?

a) Bride of Frankenstein b) The Mummy c) Carrie
d) Vampire Carmilla

Call Me At 303-526-2606 OR Email Me At [email protected] And You Could Be One Of My Next Winners!

Brain Teaser Answer:

 It was Noah's Ark!

Real Estate Corner…

Q: What key steps should I take to make my home show like a model home? 

A: Look at your home through a potential buyer’s eyes.  Here are three essential steps:

• Clean and repair.  Your buyer’s first impression is from the street.  Clean up the yard, the landscaping and check your exterior paint job.  On the inside, shampoo the carpets, scrub the floors and clear off all the counters.  Remove old wallpaper and paint the walls a neutral color. Fix things that need fixing, like squeaky doors, broken tiles etc. 
• De-Clutter.  Get rid of all that “stuff” you’ve accumulated in the garage, the backyard and the basement.  And don’t forget the closets! 
• “Stage” it to look like a model home.  Put away your personal items and remove large pieces of furniture.  Ask your REALTOR® for ways to “dress up” your home (candles, new linens etc.) to maximize your selling potential.

     For more tips, ask for my Free Consumer Report called “Make Your Home Show Like A Model Without Breaking the Bank.”  I’ll send a copy right over to you. 

Do you have a real estate question you want answered? Call me at 303-526-2606.  Perhaps I’ll feature your question in my next issue!

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