Real Estate News with Terri Taydus, AHWD, CNA, CRS, GRI

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“What’s happening in the market?”  This is a question I often get.  The truth is, I am not 100% certain.  The area in which I work, predominately Boulder County Colorado, has always been in high demand.  Even with the crash much of the country saw in 2008, Boulder saw a little blip, then rebounded and stabilized.  Then, as we headed into 2012, prices started climbing exponentially, and for the most part, have not stopped.  Sure, we see the ebb and flow of the seasons, and things flatten out a bit, but overall, the value of homes in this area have been, and remain, a solid investment.

Enter 2019, then roll into 2020, a worldwide pandemic, and a sudden need for more work / live space at home.   In 2019 we were already feeling the pinch of low inventory and high demand.  Sellers thought about selling, but were concerned that they would not be able to find a replacement home so they stayed put.  We were seeing a lot of remodeling, as homeowners decided to improve upon what they already had vs. looking for something new, and so the inventory shortage was born.  2020 marches in, and families found themselves having to pivot and work from home and homeschool their school age children; their homes went from being a place where family lived, to a place where family worked, learned, lived and played; it was a LOT of togetherness!  With restrictions in place, and outings limited, having a backyard, and some private / safe space to call your own was suddenly a desired commodity, and we saw a flood of interest in the suburbs.  The once desirable urban living was waning and the demand for more single-family housing rose quickly; so quickly that the demand was impossible to keep up with.    This demand further tightened inventory, and drove prices through the roof.  We saw rents rise as well, driving even more demand into the market from those that were renting, to try to find a place of their own to purchase.

For homeowners that were in a position to sell during this time life was sweet!  They could basically name their price (within reason) and the offers would flood in, often exceeding the list price by $50k - $100k or more.  Buyer agents were crafting purchase contracts stating that their buyers would not make any requests of the seller to make repairs, and offering to cover the cost difference between the list price and the purchase price should the buyer’s appraisal come in light.  As a buyer’s agent, we were expected to get creative, while still working within our legal limits, and giving our buyers sound advice.  The stress of the past 18 months has driven many agents out of the business.  Buyer and agent burnout has been high, and after spending countless hours looking at homes, often dropping everything to accommodate our buyer and meet a tight offer deadline set by the seller, writing numerous offers, and trying to hold it all together while supporting our buyers, who were feeling defeated and frustrated, our buyers often turned to signing a lease and renting “until the market cooled off” – who could blame them?  It was brutal and heartbreaking both for home buyers and agents alike.

Ironically, it was not easy to be a listing agent either.  Seller expectations were often unrealistic, placing undue demand on their agent.  Even the most professional and kind buyer agents were understandably tired and cranky, and would react out of character when the seller would elect to accept an offer before the offer deadline.  As the listing agent, you would often be the target of that frustration when you had to make the call that the listing was no longer available.  Then there was the buyer fallout to deal with; buyers feeling desperate would make fantastical offers, then once accepted would have remorse and sometimes find a reason to terminate, frustrating agents and sellers alike.

Everyone was tired.  Everyone was burnt out.

 But, back to the original question; “How is the market?”  I do believe that there is light on the horizon!  As it always does, I believe that the market is starting to correct itself.

I am seeing homes sit on the market for a week or more (in a healthy market, 90 days is not unusual).   I am seeing price reductions.   Instead of 15 – 20 offers on a single listing, I am seeing 1, maybe 2 or 3.   Things are starting to normalize.  

This is excellent news for buyers!  I would not go so far as to say it’s becoming a buyer’s market…I think we are a long way from that, and buyer’s need to be mindful that they still have to submit a competitive offer in order to be considered.  However, finding a home, and having your offer accepted, is more a reality now than it has been in the past 18 months!

Although sellers are not rejoicing quite as much, I do see this as a good thing for sellers as well; less fall through transactions / more authentic offers, less adversarial and more cooperative transactions, and more opportunity to find a replacement home.

I do believe that we are heading towards a more stable, healthy, real estate market.

If you have been on the fence, or renting because you were not in a position to be competitive, now may be the right time for you to revisit homeownership!  

If you were thinking about selling, but had concerns about your ability to find a replacement home, now may be the time to revisit your dreams!

I would love to help you strategize reaching your goals!  The market correction is a good thing for everyone! Please reach out to me if I can be of any assistance.

NOW is the time to sell and buy! (see my post below)

With fewer homes to choose from and multiple offers to compete with, It is more important than ever that you work with an experienced Realtor to help you find your dream home! Working with a CRS Relator, gives you even more of an advantage as their training and level of expertise exceeds basic licensing requirements.

Home sellers may be tempted to go it alone, in this hot market, but by doing so, you could be setting yourself up for last minute terminations and pitfalls galore.  Negotiating, and navigating multiple offers has never been so challenging.  Having an experienced Realtor by your side to secure you the most offers, at the highest possible price, then to stand by you through the negotiation and navigation process, could mean more money in your pocket at closing, with less hassles to get there (and this is even after paying an agent commission!

I would love to help you strategize marketing and selling your home, or buying a new one! Contact me today!  

If you are thinking of selling, you will need help negotiating, marketing to the broadest possible audience, and ideally, navigating multiple offers (hint: the highest offer price may not be your best offer  

CLICK HERE to see what the experts have to say about the 2021 real estate market.

Even in today's sellers' market, setting the right price for your house is one of the most valuable things you can do.  According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5%in 2021.

CLICK HERE to read more...

Please CLICK HERE to see what the real estate market is doing in Boulder County.  This report is for single family homes only.  If you would like the market stats for condos and townhomes, please reach out to me directly.  

For a customized valuation of your home, please ask. I am happy to provide a complimentary, no obligation, valuation for you

To see the current market stats for the City of Broomfield Colorado, please CLICK HERE.

Do you know someone looking to buy or sell a home in Westminster, Broomfield, or anywhere in Boulder County, please contact me.  I offer a very comprehensive and competitive marketing package to my home sellers, and I make a point to go the extra mile for home home buyers.

Excellent service should not cost more, it should be expected!

To see the current market stats for Boulder County Colorado, please CLICK HERE.

Do you know someone looking to buy or sell a home in Westminster, Broomfield, or anywhere in Boulder County, please contact me.  I offer a very comprehensive and competitive marketing package to my home sellers, and I make a point to go the extra mile for home home buyers.

Excellent service should not cost more, it should be expected!

To see the current market stats for the City of Westminster Colorado, please CLICK HERE.

Do you know someone looking to buy or sell a home in Westminster, Broomfield, or anywhere in Boulder County, please contact me.  I offer a very comprehensive and competitive marketing package to my home sellers, and I make a point to go the extra mile for home home buyers.

Excellent service should not cost more, it should be expected!

I have two questions…

 1. If you have sold a home in the past 5 to 7 years, what did your Realtor® do that you really liked?

 2. If you could   list your home, with a full and comprehensive marketing package (including a fabulous print and virtual presence), as well as additional services provided by your Realtor®; (and paid for by your Realtor®) such as: 

• A pre-listing appraisal from a professional, licensed appraiser
• A staging consultation and one month’s staging for any two rooms (or a professional staging consult on how to use your own furnishings to stage)
• A home warranty to cover you during the listing period and that will be passed along to the buyer for the first year post-closing (this will help make your home more desirable)
• A professional move out OR pre-listing clean (your choice)

     Other service options, arranged by your Realtor®, that can be paid for after you close from the proceeds of the sale (i.e. no out of pocket cash up front): 

• Concierge service that can help you with everything from minor repairs (including those that need to be done for the buyer’s home inspection); to minor updates, to full room remodels – to help you yield the most return from the sale of your home!
• An organizing / packing service to help you get organized and pack for your impending move!

AND, if services like this didn’t cost you any more in listing agent commissions than the services of the average Realtor®?   Would this be appealing to you?

I would love to hear from you!  Please post your responses so that I can learn what is most important to you!

Here is a short list of unique services that I offer when selling your home.  These services are available to any home seller that is committed to working with me, however these services can make all the difference to a divorcing couple that needs and wants to focus on their emotional and financial well-being for both themselves and their family, vs. all of the minute details of their move..  

Let me take some of the stress of selling your home off of your shoulders.

I offer:

• A pre-listing appraisal– This is not to be confused with a full appraisal.  The pre-listing appraisal is performed by a reputable, local, licensed real estate appraiser.  The appraiser will do a drive by of your home, and that, combined with any information that I provide, and using the available comps in the area, will determine a value for your home.
  1. If you would like a full appraisal, I will cover half the cost, which means your cost would only be $275 paid directly to the home appraiser (please note: extremely large homes, homes with acreage and / or multiple out buildings, etc. will cost you a bit more).  This can be a significant savings compared to the $500 - $1,000 a standard appraisal could cost.

• Home repair or updating via Curbio – Curbio is a third party concierge service that I have chosen to partner with to assist my home sellers.  Curbio is a concierge service that can assist you with home repairs, and any updating you would like to do to yield you the most money the market will warrant for your home.  I connect you with Curbio, and they do the rest.  No tracking down contractors, or repair people.  Curbio is paid directly out of your proceeds at closing, so no stress or bickering over who pays what.

• Home staging – Depending on your needs, I can have my home stager meet with you and provide a list of items that she feels needs to be done in order for your home to show its best, using your own furnishing; this is a service that I provide to you at no additional cost.  Or, if you would prefer to have your home professionally staged, I will have my stager stage your home and I will pay for the first month of staging for any two rooms (you would be responsible for any move in / move out charges, as well as any additional month’s staging).

• Professional listing or move out cleaning – I will pay to have your home professionally cleaned; you choose if you would like it cleaned at the time of listing, or if you would prefer a professional move out clean so you do not have to be bothered with it.

COMING SOON: Organizing and packing service!

My goal is to be of assistance to you.  Of course this list does not include all of my standard marketing, consulting services, knowledge, experience and compassion.  If you would like a full list of my marketing services, please ask.

These services are reserved for home sellers that commit to working with me and sign a Listing Agreement.

If I can be of assistance to you, or anyone you know, please contact me, or feel free to share my contact information.  Discretion and excellent service are always my top priority.

Monthly Market Update for Boulder County.  I work with home buyers and sellers all throughout Boulder County, Broomfield and Westminster in beautiful Colorado!

Thinking of buying a home?  Do you want to know what your home is worth?  Please reach out; I am happy to help!

CLICK HERE to see July's market update for Boulder County.

Monthly Market Update for the City of Broomfield.  I work with home buyers and sellers all throughout the City of Broomfield, Westminster and Boulder County.

Thinking of buying a home?  Do you want to know what your home is worth?  Please reach out; I am happy to help!

CLICK HERE to see July's Market Update for the City of Broomfield. 

Monthly Market Update for the City of Westminster.  I work with both home buyers and sellers all throughout the City of Westminster, Broomfield, and Boulder County.  

Thinking of buying a home? Do you want to know what your home is worth? Please reach out, I am happy to help.

CLICK HERE to view the market update for the City of Westminster

With interest rates hitting record lows, mortgage lenders are being pushed to the max.  Many mortgage companies are actively trying to hire more support staff, however with little time to train, it’s a learn as you go process for many, which also takes its toll on the process.

 With mortgage lenders being overwhelmed with record numbers of refinances and purchases, this also backlogs the title companies…and the home appraisers…and so on, and so on.

 So what does this mean to you:

• Make sure, if possible, that your contract dates allow for enough time to get the job done.   Make sure your Realtor® speaks to your lender and sets realistic contract dates as they pertain to you obtaining a loan.
• Get all of the documentation to your lender in a timely fashion.
• Be flexible if possible, in regards to time of day you close; the title company may have limited hours and staff during the current health crisis, so you may not get the exact time that you would like on closing day.

Other businesses that pertain to the sale of your home or purchase of a new home may be impacted as well!

• Home inspectors may have a backlog because of the rush to purchase while the rates are low.
1. This includes secondary services such as a sewer line scope, and Radon.
• Your Realtor® may not return your text, email or phone call quite as quickly as they normally would; they too are busy, and having to be extra diligent to insure their buyers’ purchases and sellers’ sales are making it to the closing table while navigating all of the backlogs.
• Home warranty companies are feeling the pinch!    
1. With more people working from home, home warranty companies are struggling to keep up; appliances and HVAC systems are being used much more than normal, and breakage is occurring.

IF YOU ARE A PAST CLIENT OF MINE, WITH A HOME WARRANTY FROM 2-10 HOME WARRANTY, PLEASE READ:

• If you need to make a claim during these crazy backlogged times, please do NOT call the claim center!  To expedite your claim, please follow these two steps:
1. File your claim online
2. If you are in need of assistance, please bypass the claims line and contact my sales rep directly, and let her know that you are my past client:

 Karen Hyman

2-10 Home Warranty

(303) 229-9071

khyman@2-10.com

It’s a great time to buy or sell a home!  Work with an experienced Realtor® to help you navigate your way to a successful closing, and be sure to do your part to sign and provide documents in a timely fashion, in order to keep your transaction moving along and meeting deadlines.

Please do not hesitate to contact me if I can be of any assistance.

In today's fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house.  The reality is, the addition of more information can lead to more confusion.  A real estate agent can be your essential guide, but truth be told, no all agents are created equal...CLICK HERE to read more.

Here is your monthly Market Update for June 2020!

This update is for single family homes within Boulder County, the City of Broomfield, and the City of Westminser.  If you would like a market update for attached homes (i.e. condos and townhomes), please ask.  I am happy to provide you with a Market Update and send it directly to your inbox, at no cost or obligation.

CLICK HERE to see the Boulder County stats.

CLICK HERE to see the City of Broomfield stats.

CLICK HERE to see the City of Westminster stats.

If you have any questions, or if you or someone you know are looking to buy or sell a home, please reach out; I am only a call, text, or email away.

Get the latest real estate market information for Boulder County Colorado! We are seeing a market recovery since the COVID Shelter in Place order in early March.  This is good news for both home buyers and sellers!  

I work all throughout Boulder County (as well as the City of Broomfield and Westminster).  

If I can be of any assistance to you or anyone you know, please do not hesitate to contact me!

CLICK HERE May 2020 market stats for Boulder County. These stats are for single family homes.  If you would like to see the stats for condos and townhomes, please just ask, I am happy to send them your way

Get the latest real estate market information for the City of Westminster Colorado! We are seeing a market recovery since the COVID Shelter in Place order in early March.  This is good news for both home buyers and sellers!  

I work all throughout the City of Westminster (as well as the City of Broomfield and all of Boulder County).  

If I can be of any assistance to you or anyone you know, please do not hesitate to contact me!

CLICK HERE May 2020 market stats for the City of Westminster. These stats are for single family homes.  If you would like to see the stats for condos and townhomes, please just ask, I am happy to send them your way!

Get the latest real estate market information for the City of Broomfield Colorado! We are seeing a market recovery since the COVID Shelter in Place order in early March.  This is good news for both home buyers and sellers!  

I work all throughout the City of Broomfield (as well as the City of Westminster and all of Boulder County).  

If I can be of any assistance to you or anyone you know, please do not hesitate to contact me!

CLICK HERE May 2020 market stats for the City of Broomfield. These stats are for single family homes.  If you would like to see the stats for condos and townhomes, please just ask, I am happy to send them your way!

Here is the market update for the City of Broomfield, for March 2020.  Please  CLICK HERE for details. 

This update is for single family homes.   If you would like the market information for condos and townhomes, please reach out to me;  I will happily email the market information directly to your inbox. 

During these uncertain times, real estate is not quite "business as usual" however I am still here to answer your questions, and be of assistance remotely. 

Most importantly, a huge THANK YOU to all of our first responders!  They are the true heroes! 

I hope this post finds you and your family healthy and safe, please do take extra care during these difficult times. 

Here is the market update for the City of Westminster, for March 2020.  Please  CLICK HERE for details. 

This update is for single family homes.   If you would like the market information for condos and townhomes, please reach out to me;  I will happily email the market information directly to your inbox. 

During these uncertain times, real estate is not quite "business as usual" however I am still here to answer your questions, and be of assistance remotely. 

Most importantly, a huge THANK YOU to all of our first responders!  They are the true heroes! 

I hope this post finds you and your family healthy and safe, please do take extra care during these difficult times. 

Here is the market update for Boulder County, for March 2020.  Please  CLICK HERE for details. 

This update is for single family homes.   If you would like the market information for condos and townhomes, please reach out to me;  I will happily email the market information directly to your inbox. 

During these uncertain times, real estate is not quite "business as usual" however I am still here to answer your questions, and be of assistance remotely. 

Most importantly, a huge THANK YOU to all of our first responders!  They are the true heroes! 

I hope this post finds you and your family healthy and safe, please do take extra care during these difficult times. 

Market Update for February 2020  Boulder County Market for Single Family Homes. Looking to buy or sell a home? I can help
Would you like a Market Update for condos and townhomes? Message me and I will send an update right to your inbox.
Buying or selling outside of Colorado, or outside of the Colorado markets that I service? I can help you find a reputable agent in your area! I am here to help.

CLICK HERE to learn more!

The housing market has started off much stronger this year than it did last year.  Lower mortgage interest rates have been a driving factor in that change.  NOW is a great time to market and sell your home!  Please CLICK HERE to read more...

Here is your market update for Boulder County, Broomfield and Westminster!

Thinking about buying or selling your home?  I can help.  Please contact me if you, or someone you know, is thinking about buying or selling :)

CLICK HERE to see the Market Update for Boulder County single family homes (use your browser's back button to return to this blog).

CLICK HERE to see the market update for the city of Broomfield single family homes (use your browser's back button to return to this blog).

CLICK HERE to see the market update for the city of Westminster single family homes (use your browser's back button to return to this blog).

Would you like to see a market update for condos and townhomes?  Just ask!  I am happy to provide you with that information.