Northern Colorado Real Estate Update (October 2022)

Curious about the Northern Colorado Real Estate Market? There is a lot of information out there that is built on hype and not actual real estate market stats. Below are multiple videos regarding what is really going on. This is your Northern Colorado Real Estate Market Update. I make new videos each month when the latest market stats are available. I make a seperate video for Fort Collins, Loveland, Windsor, Greeley and an overall Northern Colorado Video each month.

 

FORT COLLINS Real Estate Market Update:

Loveland Colorado Real Estate Market Update:

This video features the latest real estate market data available in October 2022 for the Loveland Colorado Real Estate Market.

Windsor Colorado Real Estate Market Update:

The following video breaks down exactly what is happening in the Windsor Colorado Real Estate Market. This Real Estate Update features the data for October 2022. If you have more questions about Windsor, Co, give me a call.

Greeley Real Estate Market Update:

Greeley Colorado has been a really hot market for the last few years. Many people are moving to Greeley because it’s a little less expensive as compared to Loveland and Fort Collins but it still has all of the great things you want in Northern Colorado. The below video has the latest real estate market data about Greeley, Colorado.

That’s what is going on across the Northern Colorado Real Estate Market. Each video discusses what this data means for both buyers and sellers. If you have specific questions about your personal situation, reach out to me directly. I would love to answer your questions. Call or text Andy Hawbaker at 970-203-5066.

The 2022 Real Estate Bubble?

What is going on in the Northern Colorado Real Estate Market? You’ve probably heard that the NOCO Real Estate Market has shifted. The post-pandemic frenzy market has come to an end. This is actually great news for both buyers and sellers for multiple reasons. Let’s talk about the market and what this means to you.

Throughout 2021 and early 2022 the real estate market was going crazy. Interest rates were at all-time lows and everyone wanted to buy a house. This increased demand and very low inventory sent home prices sky rocketing for average annual appreciation of over 20%.

Potential home buyers were having to see houses and place offers immediately. They often times offered 10% above the asking price and waived inspections and other contingencies. BUT that is all over and we’re switching toward a buyers market.

Now that interest rates are at 15 year highs, buyers are getting spoked and deciding not to buy which is forcing home sellers into offering discounts and concessions.

Surely this all means we are headed into a real estate bubble that is about to burst. Watch the above video to see all of my opinions about this real estate bubble and how this market is different form the 2008 real estate bust. 

5 Repairs That Add Value to Your Home

Before you sell your house, you might want to think about making some updates to make sure you get the highest value for your home. You are willing to do some work but you don’t want to waste any money on things that won’t make a difference. Follow this advice for 5 repairs that add the most value to your home.

Let’s focus on the top updates and repairs that will actually help your home sell for more money and to sell more quickly. Number one is fresh interior paint. If your home has been lived in for any amount of time, especially with kids and pets, chances are you have scratches, marks and dings in the walls. The walls can appear dirty and damaged but a fresh coat of paint will give your home a clean, fresh look and a fresh coat of paint won’t break the bank.

The second update that will make a big difference is new carpet. Buyers will notice stains and normal wear and tear on your carpet. Sometimes the carpet gets really worn in high traffic areas on on the stairs. While carpet isn’t that expensive to replace, buyers love seeing new carpet versus having the hassle of replacing it before they move in.

Home Repairs to Add Value

If you are considering a small remodel, go with a kitchen update or bathroom remodel. Home buyers place the most value on nice kitchens and bathrooms. You won’t see the same return on built in shelving or other updates in a living room. Another good option is finishing a basement to add additional bedrooms. 

Don’t take on a large home remodel just to get more money from your house unless you have experience with this. You could easily spend far more money than you’ll get back. Before you do something like this, ask a professional.

Also check out these tips of Things to Do Before You Sell Your Home.

 

5 Things to Do Before You Sell Your Home

Here are 5 things to do before you try to sell your house. I’m not talking about hiring a realtor, cleaning or staging a home but these actual larger items can break a deal when you sell your home. So before you do anything, look into the 5 items discussed in the video below.

These 5 items tend to be pretty costly to repair and can definitely deter buyers from wanting to buy your house. Due to that, you’ll want to review each item and make any necessary repairs to ensure that you can sell your home and sell it fast. 

  • Roof – A new roof is very expensive. Buyers want to know that they are getting a home that isn’t going to cost them a lot of money so a damaged roof can definitely cost you a deal. Call a roofer and get a free roof inspection before putting your home on the market.
  • Foundation – Look for cracks or foundation problems. These problems can be very costly. Know that your home is in good shape before selling it.
  • Furnace/AC – A new furnace is pretty expensive. Make sure you’ve at least serviced and cleaned your furnace so it will perform well in your home inspection.
  • Hot Water Heater – These really aren’t that expensive but a new hot water heater is a relief for a new buyer. If you have a 15 year old unit, consider an upgrade.
  • Carpet – Extremely worn and stained carpet will not show well. You can offer a carpet allowance but it’s often cheaper to just replace the carpet so your home will show in the best light and the buyers won’t have to worry about doing the work.
5 things to sell your home

Paying attention to the above 5 things can help you sell your home for more money and in less time. Add in a deep cleaning, great staging, professional real estate photography, and a Realtor® who knows the marketing and you’ll have no trouble selling your home. 

*Andy Hawbaker is a licensed Realtor with 8z Real Estate in Windsor, CO. He serves home sellers in Fort Collins, Loveland, Windsor, Greeley and surrounding areas.*

Can’t Afford A Home? What to do?

I talk to a lot of potential home buyers who feel like they can’t afford to buy a home in Northern Colorado. The prices of homes in the area have appreciated at over 20% over the last few years and now mortgage interest rates are climbing. This means home affordability is at an all time low. However, things aren’t going to get better any time soon. Home prices are expected to continue to rise. So let’s look at some things to think about to help you get into the real estate market.

The most important thing you need to know is that home prices are going to continue to go up. They always have. There is an old saying, “Don’t wait to buy real estate, buy real estate and wait.”

Rents will continue to rise, rates will go up and down which allows you to refinance, and demand to purchase a home will always remain high. So you should do whatever you can to get into a home as soon as you can. 

The biggest opportunity that I see for renter is buying a condo or townhome. I hear from potential buyers that they want to have a yard but they’ve been living in an apartment. Why not buy the best condo you can get, live in it for two years and then use that gained equity to buy the house with a yard. Usually the other options is to just keep paying rent in that apartment.

 

Colorado Home Affordability

There are a lot of things to consider when it comes to buying a home. Don’t wait for a housing bubble to burst because it isn’t going to happen. Call me to discuss what other options you might have. Also, improve your credit scores, save for a down payment and pay down your debt to give yourself the best chance to be able to buy a home

Is Now A Good Time to Sell Your Home and Cash Out of the Northern Colorado Market

While talking to homeowners in Northern Colorado, people often times ask me if now is a good time to sell their home. They wonder if now is a good time to cash out on the recent appreciation and move to another city. In any market there are many things to consider before selling your home but you can definitely sell know and recap all of the crazy appreciation that your home has gained in the last 2 or 3 years.

There are a lot of things to consider whenever you sell a home or chose to move to a new area. Selling at the top of a market and moving away from Northern Colorado is very inticing as long as you have a place you really want to move to. Let’s start with a discussion about your personal situation and we can decide if now is a good time for you to sell your home. 

Reach out to me by call or text at 970-203-5066. -Andy Hawbaker, Licensed Realtor with 8z Real Estate.

5 Reason Not To Move To Loveland, Colorado

Many people are looking to move to Loveland Colorado and surrounding Northern Colorado communities. There are a lot of great reasons to want to live in the Northern Colorado or Fort Collins area but first let’s discuss the top 5 reasons not to move to Loveland.

Loveland has a lot of really nice features. The weather is nice with lots of warm sunny days, the economy is good, there are many job opportunities and there are some great outdoor adventure opportunities BUT Loveland isn’t the perfect place to live. Let’s look at some of the reasons moving to Loveland might not me right for you. 

1. The Cost – Homes in Loveland Colorado are more expensive than homes in many nearby communities. If you want to move to Northern Colorado but you are on a budget, you might want to look at Johnstown, Milliken, Severance, Greeley, Evans or Eaton. These smaller Northern Colorado communities all have homes that are priced more affordably.

2. Taxes – Property taxes in Loveland are higher than other nearby communities. The shopping at the Centerra mall are surrounding restaurants have an additional sales tax. Many newer neighborhoods have a Metro District which is also an additional tax added to your property taxes and in general, taxes in Larimer County are higher than in nearby Weld County.

3. Not really that close to the mountains. If your dream is to live near a ski resort, Loveland Colorado is not the place. There is a Loveland Ski Resort but it is a 2 hour drive away if the traffic is good, and its never good. Living in Loveland, CO, you’ll realize that the mountains and mountain adventures are much further away than you think. 

Nightlife – Loveland Colorado is a family town in a lot of ways. In recent years, there have been a number of new businesses and growth in downtown but in general, there aren’t a lot of places to go out at night. Many of the breweries close early and the town shuts down earlier that nearby Fort Collins.

Maybe these reasons aren’t that big of a deal to you. If you can overlook this small items, moving to Loveland might be the right thing for you. If you have an questions about moving to or living in Loveland, CO just give me a call at 970-203-5066.

 

Sell Your Home For More Money With a Great First Impression

Selling your home can be stressful. You want to make the most money from the sale of your home and you want it to sell quickly. Here is a tip that will help you sell your home for more money: Make a great first impression. It’s sounds too easy but it will make a big difference to your potential home buyers.

We’ve all heard about good curb appeal. Of course you want your home to look good or even have a ‘wow’ factor right when people pull up to your home. But, have you ever been with a realtor to takes the client us to the house and then they fiddle with the lockbox but can’t get it open. They double check their phone then try the lockbox again. Meanwhile the potential buyers are spending minutes standing on the front porch with the anticipation of seeing the inside of this house.

This is a huge opportunity that is often overlooked by home sellers. If your front door it dirty, there’s bird poop on the front step and spider webs cover the corners, it gives the impression that your home is unkept. The home buyers may question how clean the inside of the house is going to be. 

You can make a really strong first impression if you really clean up the front entry way, wash your door with a rag and powerwash the front patio. You could also consider changing out the door handle. 

Improving the entry way and front door is the easiest way to make a strong first impression to your potential buyers. This is a great way to increase the amount of money you get for your house or to shorten the time it takes to sell your home. 

5 Reasons to Move to Greeley, Colorado

Are you thinking about moving to Greeley? Before you consider a move to Northern Colorado you want to first consider these 5 reasons to move to Greeley, Colorado.

Top Five Reasons to Move to Greeley

  • Affordability – The cost of buying a house in Greeley is significantly less expensive than a similar home in Greeley, Loveland, Longmont or other nearby communities. You’ll definitely get more house for your money in Greeley than in other Northern Colorado communities.
  • Mountain Views – The further east you go (to a point) the better the views are of the Colorado Front Range. If you live too close to the foothills you only see the foothills while living in Greeley you have views of the snow pack peaks including Longs Peak and the Mummy Range.
  • You have all of the amenities of living in a large town– Greeley has all of the big box stores, lots of restaurants, breweries, and entertainment venues. There are many choices for things to do for entertainment in Greeley. And, you are a short drive to Loveland and Fort Collins for even more things to do.
  • Breweries & Nightlife – Greeley has a number of great breweries to check out. Weldwerks is very popular for their fantastic beers. Wiley Roots and Tight Knit are two additional breweries in downtown Greeley that are worth checking out. You’ll also find great margaritas and other places to hang out in Greeley.
  • Economy & Job Opportunities – The economy of Northern Colorado is really good. They are a bunch of employers in Greeley as well as employment opportunities in Fort Collins, Windsor, Loveland, Longmont or Cheyenne. It should be pretty easy to get a job in Greeley or within a short commute.

Those are the reasons that you should consider moving to Greeley Colorado. If you have additional questions about moving to Greeley give me a call or text at 970-203-5066.

Move to Greeley Colorado

Does Greeley Stink?

Does Greeley Colorado really smell bad? This is a question that I get all of the time from people thinking about moving to Greeley, CO. So let’s answer the age old question: Does Greeley Stink?

Like I said in the above video, Greeley Colorado does have a large JBS Meet Packing Plant on the east side of downtown. In addition, Weld County is a rural area with a long history of farming and ranching so yes, they are times with Greeley smells like a farm.

There are days that are worse than others. Most of the time you won’t smell it at all but then the wind will be blowing the next day and you’ll definitely get a whiff. If you ask people who live in Greeley, they often say that they don’t smell it or don’t even notice it. 

The further west you go the less likely the smell will be a problem. The west side of Greeley has some really nice neighborhoods and Windsor, Loveland and Johnstown are great places to live also.

I hope I answered the question: Does Greeley Stink. If you have additional questions about moving to Greeley or Living in Weld County, give me a call or text at 910-203-5066.

*Andy Hawbaker is a licensed Realtor with 8z Real Estate in Windsor, CO.*