The largest asset that many people own is their home. You may have heard that the real estate market is crashing and that interest rates are going up. You may have heard that the market is still white-hot with multiple offers and competing buyers. You may have heard commercials about the new iBuyers that seem […]
What will happen to the Estes Park Real Estate Market when Interest rates drop?
That’s a tough question and to find the proper answer we did some research on the Estes Park Real Estate Market when the Housing Bubble burst in 2008 during the sub prime lending crisis. It’s all about supply and demand. According to the Estes Valley Board of Realtors there were about 233 Single Family Homes […]
DO I HAVE TO BUY OR SELL A HOME TO GO TO YOUR EVENT?
After our free pie giveaway last November, I had a close friend tell me that they didn’t respond to our offer of a free pie because they hadn’t used The Thompson Group to help them buy or sell a home. I was floored as this was a good friend. I started wondering how many of […]
BRACE YOURSELF: LARIMER COUNTY PROPERTY ASSESSMENTS ARE HERE.
If you recently received your 2023 Real Property Notice of Valuation from the Larimer County Assessor, let me help you recover from the shock. Larimer County Assesses every property in the county every two years and recently mailed new valuations as of January 1, 2023. They looked back at comparable property sales from July 1, […]
CHANGE IS GOOD, RIGHT?
You may have heard the saying, “The only thing constant is change”. Things change all the time, but is it always good? As I write this on my laptop computer, I am reminded about how that has changed over time. Just as I figure out how to use the latest version of Windows, there is […]
Financial Market Moment
If you are interested in purchasing a home you should be getting ready to make a move on property. After a month of mortgage rates being stuck in a very narrow range, they are poised for a break out and indicators hint that it would be a break lower. Rates are already remarkably low, but […]
SHOULD YOU PAY FULL ASKING PRICE FOR YOUR NEW HOME?
So far in 2019, single-family homes in Estes Park are selling for 97% of listing price. During the same period last year, homes sold for 98% of asking price. The period between when a home goes on the market and it sells is called “Days on Market” (DOM). During this period in 2018, the average […]
LOOKING FORWARD TO 2019
The Estes Valley Board of Realtors has just released their 2018 report that I use to spot trends in the market. When I get these reports my accounting background comes roaring to the forefront and I pour over the numbers. Based on the report this is my read on the local real estate market. The […]
MASTER CERTIFIED NEGOTIATION EXPERT
There are many certifications and designations that Realtors® can earn from a variety of sources like the National Association of Realtors, The Colorado Association of Realtors, The Institute for Luxury Home Marketing and even through national brands like Coldwell Banker. Certifications and designations include Accredited Buyer Representative, Certified Residential Specialist, Graduate Realtor Institute, Quality Service […]
THE DANGERS OF OVERPRICING
When it comes to getting the most money for your home with the least headaches in the shortest amount of time, nothing can stop that process faster than overpricing. In fact, it’s the number one reason houses don’t sell. Timing is everything: Very often a seller asks, “We can always come down later – right?” Historically […]