Littleton

Whether you’re refinancing or purchasing, locking in a record-low interest mortgage rate can save you hundreds of dollars each month. Besides the common factors such as an excellent credit score, a low debt-to-income ratio and sufficient equity or down payment, here are some less known factors that may help you score a historically-low mortgage rate

1. Get “real time” mortgage rate notifications-Rates recently hit record lows, but by the time it was reported in the news, those mortgage rates had increased and were no longer available. If you’d like to be notified as soon as record-low rates are published, please call or e-mail to be added to the notification list.
2. Don’t push your luck-Pre-determine your ideal mortgage rate and lock in as soon as rates reach that mark. Holding out for further rate decreases is not recommended, because the decreases may never occur. Furthermore, you could even miss out on your ideal mortgage rate in the end.
3. Act quickly-Rates are quite volatile and have been known to change numerous times during the day. If you hesitate, you run the risk of mortgage rates increasing from one hour to the next.

A buyers’ market should be just that- a buyers real estate market. However, todays buyers are sitting on the fence. Why? The great irony of a buyers’ real estate market in Littleton is that even though the opportunity to buy is high, buyer urgency tends to hit an all-time low. The media becomes a great pool of negative news and uninformed advice, and buyers buy it all. Actually, it feels like that’s the only thing they’re buying.

Todays buyer’s geatest fear is paying too much, which seems to stop them dead in their tracks. Their reluctance is ironic since not so long ago buyers were incredibly excited about buying in real estate market in Littleton -and it was a sellers’ market. Prices were escalating and it was perhaps one of the most difficult times to buy value and yet people were buying in real estate market in Littleton like there was no tomorrow. Buyers were afraid of losing out by not buying, even though the advantage was all to the seller, and the fear of over paying was just not there.

People who buy in a buyers’ real estate market in Littleton are the smart ones. They’re looking for a sound decision with a predictable result and, therefore, ask the question: “Has the real estate market in Littleton dropped enough now to make a sensible purchase?” More often than not, when they’re asking this question, they’re already in the safe zone and the answer is yes.
However, only buyers who are able, ready, and willing to buy a home real estate market in Littleton ever actually buys one. Able, ready, and “waiting” may or may not.

Ability always comes first and is tied to factual answers to some basic questions: Do you qualify for an appropriate loan or pay cash? Do you have money for the down payment on a home in the real estate market in Littleton and closing costs or can you get it? If you aren’t already prequalified, your first job is to find a capable loan officer. This will take some shopping around. Your Realtor is a good resource; ask them who they recommend in the real estate market in Littleton

Readiness is about buyers’ wants and needs-your personal reasons for buying a home. Readiness always underpins buyers’ motivation. In fact, it is your motivation. It is the “why” that leads you to buy a home in the housing market in Littleton

Willingness is simply about action. It’s about buyers mentally and emotionally making a choice about when you will buy a home in the real estate market in Littleton You can be able and ready, but if you’re not willing then you’re just waiting.

The time to get off the fence is now. Once the real estate market in Littleton settles or shows any sign of improvement, opportunities start slipping away. The very moment sellers no longer have to make concessions, they won’t. And, since there is almost always group think at play with all of the waiting buyers, the pent-up demand will show back up and buyers in the real estate market in Littleton may be faced with mounting competition for the best homes available.

If your home is currently on the Littleton, Colorado housing market, or if you are considering putting your home on the market, there are few facts you will need to know to navigate this ever challenging Real Estate Market.

What is my home worth? This is one of the most important questions a seller needs to be asking in today’s Littleton housing market. When you get it right your home sells quickly and with little effort, no matter what the Littleton housing market is doing! If it is wrong, well let’s just say no one is happy with the end results, least of all you. It results in low showings, the listing becoming stagnated, and then comes those ever dreaded conversations involving price reductions or repositioning.

How do we determine what a home is worth?? The truth of the matter is we don’t. The current “Resale Value”, of any home, in any area, or in any housing market, is determined by the buying pool alone. We as Real Estate professionals gather and evaluate the data within your area, and give you that Magic Number, the current “Market Value”. What is the difference you ask, well it is very simple. The current Market Value of a home is based off of the current properties sold, as well as the current properties listed to be sold. The Resale Value what the buyer is willing to pay for your property based on their “Perception of Value” on your home when compare to others in Littleton housing market.

So how do you price it right in the Littleton housing market?
First: You need to interview Real Estate Professionals to find the right one for the job. This needs to be a business decision, as you are selling one of your biggest assets. 3 interviews is usually a good start. Make sure you feel comfortable with the person you choose, as you will be working closely with them.

Second: Know what your goals are. Do you “NEED” or just “WANT” to sell? What improvements have been made in the last 5 years? What do you owe? How soon do you need to sell? Do you need to purchase another property? What are you willing to do to get your home “Show Ready”? Etc.

Third: Discuss pricing, or positioning: This is a touchy issue for everyone involved, even the Real Estate professional. Listen to and understand what the Broker’s roll will be in the positioning and selling of your home in the Littleton housing market. Understand your role, as you have the final say. Then prepare yourself for the shock of your life, and the inevitable feeling of “My house is worth more than that!!!” After the initial shock is over, resolve yourself to better understand where the Broker came up with that number. Does what the Broker is saying to you make sense? If not ask more questions. Then ask yourself “Am I willing to allow my home to be sold on the housing market at that price”? Now is the time for you need to ask yourself again, Do I NEED to sell or do I just WANT to sell? If the answer is want, well then just wait until the Littleton housing market improves, so you can get what you want for your home. However, if the answer is NEED, then take into consideration what you just learned.

Now a word of caution: You will insist on a number that you feel your home is worth. Some Brokers will humor you after an awkward conversation of why you feel this way. Thinking they will just ask you for a price reduction, or repositioning sooner rather than latter. A good Broker will be willing to walk away; knowing it won’t sell for that price. As I say “I would rather disappoint you now, when you have nothing to lose, then latter when you have everything to lose and your feel like you are stuck with me!”

Lastly: Ask yourself do you want to fall in the “Priced Right” column and get your home sold? Or do you want to fall into the “Over Priced” column and have you home sit? Choose Wisely!!!