2017 Market Update

Did you know that 35% of Mesa County houses that were sold this year were in the $200,000-$300,000 range? And check out the increase in sales volume from January of 2016 to January of this year. Looking good!

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Are you on the fence?

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Have you been wondering how the change in interest rates will effect your monthly payment if you were to buy a house right now? We contacted Lonnie Knob at Guaranteed Rate to find out for you.  Lonnie stated that rates have increased on average approximately  .5% since November, swinging the pendulum from a long standing “declining” or “stable” rate environment to one forecasting mortgage rates on the rise.

What does this mean for you?


Example: If you obtained a home loan for $300,000.00 and took into account the following factors (for informational use only and not a commitment to lend):

75% Loan-To-Value
760+ credit score
30 Year Fixed Loan

Here’s what you could expect to see in regards to your payment difference with a .5% higher rate*:

3.5% (3.555% APR)– $1,347/month (principal and interest)
4% (4.058% APR) – $1,432/month (principal and interest)

The monthly payment increases by $85/month, paid to interest
The yearly difference would be $1,020/year higher, paid to interest
The higher rate equates to approximately $30,600 over the life of loan (30 years) in increased interest payments!

With interest rates and property values continuing to rise, it’s still a great time to lock in a historically low rate to improve the overall affordability of your home purchase.  Click here to use the Mortgage Calculator to estimate your mortgage payments quickly and easily. View matching homes in your price range at MavesGroup.com

* sample payment does not include taxes and insurance, actual obligation would be higher

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Lonnie Knob
Vice President of Mortgage Lending
Lonnie.Knob@rate.com
o: (970) 446-7893
c: (970) 270-2584
f: (773) 328-1900
480 W Park Dr, Ste 203,
Grand Junction, CO 81505
NMLS 236548
COMLO 100022706

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Diary of a Realtor – Entry 1 – Cast of Characters

I would like to invite you to join me on a journey. I am representing the buyers in this transaction and over the next month or so we are going to go with them as they purchase their home! 

We recently found a house they wrote on (more on that to come) and went under contract. So for the first entry I want to introduce you to the cast of characters:

-Johnathan, Jennifer, Campbell and Whitley; my wonderful buyers. Recently moved to western Colorado from the front range. This family, I can’t say enough good things about them… Johnathan is a middle school teacher (bless you, Johnathan), Jennifer gets to stay home and take care of those two beautiful girls. Speaking of those girls, it was such a kick showing houses to them. I found out that built in niches are for hiding in, grapes on the trellis in one back yard were good enough to eat and one house even smelled like dog. They are super fun and always on the go. Anybody that meets this adventurous group is bound to love them!

-Judy, Listing agent on THE house, she is AWESOME!

-Jayne, Daughter of the Sellers
-Anna, Seller

Here is a glimpse of THE house

400 Cedar Avenue, built in 1954, mid-century modern, ALL original! Check out that Mamie Pink kitchen! The seller is only the second owner!

Is that house not the coolest thing you have ever seen?! 


Next entry I will tell you the story of the house, the seller and the buyers.  

Lifestyle Living

You’ve heard it said, “Location, Location, Location”. Its always been the most important thing when looking for a new home. We, however would like to challenge you to think about another one. “Lifestyle, lifestyle, lifestyle” Often times when we are working with a client they have it set in their heads that they need 2500 sq/ft with a price of $350,000. What we would then ask is what those clients want in their 2500 sq/ft. Do they need 4 bedrooms? I’ve seen 1200 sq/ft floor-plans with 4 bedrooms. Do they want two living areas? Large kitchen? Will one bedroom be used as an office? This means one can be a bit smaller than a bedroom. 

Take a look at these two examples that are currently for sale in the area…

This home is priced at $375,000, 4 bedrooms, 3 bathrooms on 7.98 acres. 3003 sq/ft in the North Area. 
Click here for more info on this home. 

This home is priced at $329,900, 4 bedrooms, 3 bathrooms on less than .25 acre 4046 sq/ft in Downtown Grand Junction. Click here for more info on this home

Both of these homes are lovely, not one better than the other. Both offer equal bedrooms/bathrooms with nearly 1000 sq/ft size difference. Which one are you more drawn towards. Does the thought of being downtown make you want to dry heave? Maybe the idea of having nearly 8 acres gets your creative wheels spinning at the possibilities. Or maybe you love the idea of walking to the parades downtown and the isolation of no close neighbors brings back memories of The Shining.

What does your lifestyle look like? Do you spend non-working hours at home or are you on the go constantly and just need a place to crash. Are you a lover of the dirt and as soon as you clock out are you out at the lunch loops? Do you need storage space for your bike/kayak/ski collection but you could care less if your Subaru is sitting out in the cold? Where are your favorite places to hang out? Maybe you eat out on Main Street 3 nights/week and only ride on the weekends. Let’s look at houses downtown where you could easily walk to dinner. Maybe all of this sounds like torture to you, do you yearn for wide open spaces but still want to be 10 minutes to town? Could it be possible that a smaller house on a larger lot would be exactly what you are looking for? Maybe your kiddos are in a charter school, you work up valley in the oil field and the lady of the house wants to be connected at the Country Club? Let’s think about the North area of town. 

 We know a lot of this boils down to location, however there is really more to it than that. When we work with clients it’s not about finding them a house, it’s about finding them someplace to LIVE! 

If you want to do a lifestyle analysis we would love to sit down with you. Let’s evaluate your lifestyle and see if it matches up with your ideas in a home! 

Give us a call to set up an appointment 970.414.0956 or email kelly@mavesgroup.com

Want to start exploring on your own first? Visit our website to begin your home tour! www.mavesgroup.com

Innovation vs. Marketing in Real Estate

I recently ran across this article on Forbes.com

As a real estate professional I am constantly balancing my innovative ideas with marketing and how my branding and marketing can go hand in hand. Having a marketing background it is easy for me to go over the top with my marketing ideas. However, recently I was told one of my “awesome” ideas was not as easy to produce or as cost effective as I had anticipated (aka hoped!). Does that mean I’m not going to do it for my client? No, in fact it drives me even more to make it happen because I truly believe in the power of innovative marketing. To successfully represent your client these days it takes much more than just general real estate contract knowledge. Oh how the times have changed since I was first licensed 12 years ago! 

I’ve thought about the skill set that I use daily for my clients and it looks something like this:

This is very generic and definitely just a snapshot of my business. This varies greatly depending on the specific client and transaction needs. Working with Buyers always requires much more local market knowledge and negotiation skills than marketing and innovation. Listing more unique properties requires much more marketing and innovation. Your property is unique, the marketing should be equally so!

Here is what I recommend when considering hiring a real estate agent. Ask them what they do that is innovative. How will they market your property to SELL it? How do they utilize social media? Ask for specific examples of unique marketing they use. Ask for the most difficult contract they have dealt with recently and how they overcame the issues. Often times it takes innovation to hold a deal together! Ask about their last deal that fell apart. You can always learn a lot about a person from their failures and what they learned from them. How do they plan on dealing with potential appraisal issues? (Yes, there are still appraisal issues. Anybody that tells you otherwise is a liar) 

This quote is from the Forbes article and 100% sums up my philosophy…

“What can I do today to provide my clients with a greater advantage or benefit, to get them closer to the ultimate result they desire?”

Once you have interviewed everybody else, give me a call and let me show you the true power of marketing and innovation! There is a difference, it is tangible and solid!

Kelly Maves 970.589.7775

New Listing – 1337 Windsor Park, Fruita

Presenting 1337 Windsor Park Dr, Fruita, CO

Priced at $220,000 Wonderful energy star rated home in Red Rocks Subdivision. Spacious kitchen, large yard with mature landscaping with rose bushes in front, storage shed included, low maintenance flooring. Walking distance to elementary school, close to downtown Fruita, multiple parks/open space within easy walking distance. Evaporative cooler on programmable thermostat. Call The Maves Group today to see! 970-589-7775


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What Does the Shutdown Mean for Real Estate?

Mesa County Real Estate Agent Blog

As we enter the second week of the government shutdown many people are wondering what it means for them. Although there have been many news reports on how this effects the real estate industry I thought I would give you a first hand, local perspective. As a real estate professional here is what it means for me. 

I am a bad news first type of person. So here it goes… in our area we have what is commonly known as a RD loan, which is “Rural Development” through the US Department of Agriculture. The USDA department that handles these types of loans is shut down. This is the ONLY type of loan that a buyer would be unable to obtain during the shutdown. 

Now for the good news! And there is a LOT of it! If you are looking at getting a Conventional, FHA or VA loan which probably 98% of people are… you still can! For the most part my business is proceeding as “Business as Usual”. In fact interest rates have stayed the same, if not even gone down slightly since the shutdown began! I know you hear it all the time… now truly is a good time to buy and a good time to sell! Low inventory and strong sales numbers this makes for good opportunities for both buyers and sellers! 

Contact Kelly with the Maves Group for more info or to see if now may be the time to buy or sell for you!

Mesa county luxury homes