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How To Buy a House This Spring

  • 2017, Berthoud, Fort Collins, Greeley, Home Buying, Northern Colorado Real Estate News
  • Leave a Comment
  • March 30, 2017
  • #First Time Home Buyers
  • #Fort Collins
  • #Home Prices
  • #Real Estate Market News

I hate headlines that offer the possibility of achieving a goal, like How to Lose Those Last 10 Lbs. You hope they’re going to tell you a secret only to be told to exercise and eat less. Duh.

I’m afraid that’s what my article is going to say. Want to Buy a House? Be prepared to give up some contingencies, have a decent down payment and don’t give up.

Housing Gridlock?

According to Trulia, housing inventory hit a new low in the first quarter of 2017. “Recovering home values have proven to be a double-edged sword,” says Ralph McLaughlin, chief economist at Trulia. “While homeowners across the country are thrilled to regain equity in their homes, many have not been in a hurry to trade up. This has added to the inventory gridlock that ties up would-be starter home inventory from ever coming on to the market, further constraining supply and decreasing affordability.”

http://rismedia.com/2017/03/25/trulia-same-old-story-inventory/

No one likes moving. But in northern Colorado, if you have a start-up home you’ve owned for even just a few years, you are now able to move up to the home you’ve always wanted. Unfortunately, if you own a home over $450k or more and want to downsize to a smaller, cozy ranch, you’re competing with first-time home-buyers, struggling to get in the housing market. That’s where the market comes to a screeching halt.

What To Do

Let’s get real. Here’s what you need to do:

  1. It’s never too early to start. Get out there with your agent and learn the market.
  2. See a lender today.
  3. Decide on how you want to communicate with your agent.
  4. Be prepared to move fast so you must know the market. See #1.
  5. Don’t assume that prices will ease up next year.

That’s what you said last year.

http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/#close

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About Mary Roberts, REALTOR®, CRS, GRI

Mary is a long time resident of Fort Collins, Colorado who has been a Realtor since 1999. She believes that when buying in Northern Colorado it's important to understand the history and potential future of certain neighborhoods. Mary writes about animals, real estate, and the humans that occupy those worlds. She focuses on helping clients and readers understand the vagaries of the real estate market while keeping them informed about crucial events and changes that could affect their real estate decisions.
Learn More About Mary

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Mary Roberts, REALTOR®, CRS, GRI

[email protected] | (970) 227-9806

I am a long-time resident of northern Colorado and have watched it mature and evolve into the thriving mecca it is now. Neighborhoods have changed, downtowns have survived and flourished, malls have made comebacks, corporations have established headquarters, and the world is showing up at our doorstep.

Contact me so I can keep you updated on the latest real estate activities in our community and answer any questions you may have. Thanks and I look forward to assisting in all of your real estate needs!

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