Colorado Real Estate News

Northern Colorado Market Trends

February 2022 NoCo Market saw low inventory and shorter days on the market.

Hyperactive buyer demand was in full swing for the February NoCo market.

Fort Collins detached homes were selling for a median price of $671,174.

Detached homes sold on average after 29 days compared to 36 days last February, with sales volume increasing to $69,130,943, a 3.81% increase. Meanwhile, attached homes sold on average after 35 days on the market versus 58 in 2021, a 39.66 percent decrease. Sales volume for attached homes decreased from $23,268,668 to $20,017,854 but likely due to only 52 homes being sold in February 2022 versus 63 in 2021.

37 detached and attached homes sold in Berthoud in February 2022.

Berthoud’s detached market saw 30 homes go under contract in February 2022, a 9.09% decrease from February 2021, and its attached housing market saw 7 homes sold, a 250% increase from 2 last year.

Meanwhile, Timnath saw another decrease year-over-year in homes sold.

Timnath’s detached market went from 28 homes sold in February 2021 to 18 homes, a 35.71 percent decrease. In its attached market, Timnath also experienced a decrease in home sales at 2 versus 5, a 60% percent decrease, with sales volume in the attached marketing dropping from $1,849,690 to $919,485, a 50.29% decrease.

Boulder saw a pretty notable drop in detached and attached homes sold in February 2022.

In the detached market, only 52 homes were sold, down 27.78% from 72 in 2021, with sales volume dropping to $87,785,312 from $95,314,432 in February 2021. Days on the market for detached homes also notably dropped from 69 in 2021 to 39. In the attached market, sales were down from 83 in February 2021 to 53, a 36.14% decrease, with sales volume also dropping from $47,429,028 to $38,421,109.

Loveland also experienced ongoing inventory woes, in both detached and attached markets.

In the detached market, 84 homes were sold, down 22.94% from February 2021. The attached market was down 35%, with only 13 homes sold in February 2022.

*Written March 7, 2022. Updates may be available after this date.

Colorado Real Estate News

Northern Colorado Market Trends

2022 NoCo Market Following Suit With Denver Metro. 

January in NoCo mirrored Denver Metro in that inventory was substantially low, yet sales volume continued to grow. Beginning with Fort Collins, there simply were not a lot of homes on the market in the popular region, with only 82 detached home sales versus 132 in 2021. 

The median price for a Fort Collins detached home landed at $605,776.

Compared to 2021, when average detached home sales came in at $537,643, Fort Collins right now is selling homes at an average rate that is 12.67 percent higher than last year. Average days on the market for a detached home plummeted as well to 39 in January 2022 versus 56 this same time last year. Meanwhile, there were 44 attached homes sold in Fort Collins for January this year, down 38.03 percent from 71 last year, with sales volume understandably dropping as well by 30.50 percent to $16,679, 440.

Average days on market increased year-over-year again for detached and attached homes in Berthoud.

Berthoud’s detached market experienced a substantial 84.62 percent increase from 65 days in 2021 to 120 days in 2022, and its attached housing market experienced a 12.79 percent increase from 219 to 247 days. Together, there were 51 homes sold in the market in January 2022. 

Meanwhile, Timnath saw both a decrease and increase year-over-year in homes sold in its attached and detached market.

Timnath’s detached market went from 24 homes sold in 2021 to 10 homes, a 58.33 percent decrease, similar to last month. In its attached market, Timnath however experienced an increase in home sales at 5 versus 3 in January 2021, a 66.67 percent increase, with sales volume in the attached market rising 20.08 percent as well.  

Loveland continues to surprise, selling more homes in a inventory-less environment. 

In Loveland’s detached market, home sales climbed from 58 in 2021 to 65 last month, a 16.07 percent increase. Meanwhile, their attached market saw 22 home sales, up from 15 in 2021. 

*Written February 7, 2022. Updates may be available after this date.

Colorado Real Estate News

Selling Your Home During the Holiday Season

Shh … we have a little secret! Did you know that the last couple months of the year are an underrated time to sell your home? Yes, we know what you’re thinking: it might be a bad time to sell since most everyone will be busy traveling and preparing for the holiday season, but it can actually work to your advantage. If you’re hesitant about selling your home in the winter weather, maybe these arguments will convince you:

1. Buyers are serious. Due to sudden changes in circumstances, like a new job or wanting to be closer to family before the holidays begin, people are willing to put down money for a home ASAP.

2. The real estate inventory is significantly lower. With less competition, your home can be sold for a higher price and quicker than when the housing market is in higher demand in the spring. Your real estate agent may also be more available since there aren’t as many other prospective homebuyers. You can also hold more showing times because buyers are more likely to be on vacation.

3. There’s nothing like walking into a warm and inviting house after coming in from the cold. A welcoming home allows homebuyers to picture themselves in the space. Invoking this emotional response in a buyer will give them that extra push to pull out their pen and sign the closing documents.

4. End-of-year tax breaks are an added benefit for purchasing a home before December 31st. Those buying a home in the winter can deduct mortgage interest, property taxes and interest costs by closing the sale before the year ends.

5. Decorating the interior and exterior of your home can also contribute to successfully selling your home during the winter. But err on the side of caution when decorating; too many baubles and things can distract buyers from the key points of your home. Highlight areas like fireplaces and living rooms to bring warmth to the space.

Though most home sales happen when the weather outside is less … frightful, the fireplaces inside the houses on the winter market are … delightful! You don’t need to wait for the sunshine to sell. For more advice on how to sell or purchase a home this season, contact us today at kentwood.com.

Colorado Real Estate News

How to Best Prepare for a Winter Road Trip

As we venture into the chilling winter months, staying entertained amidst the frigid temperatures can be challenging. Many avid outdoors enthusiasts long for the fresh tracks on the mountain, but a change of scenery may seem impossible for those who prefer the warmth of their home.  

Road trips could be the perfect way to explore the winter wonderland while remaining cozy with a controlled climate. Here’s how you can stay best prepared before you embark on your journey.

Keep an Eye on the Forecast 

Undoubtedly the most critical thing to remember before heading off into the tundra is paying attention to road and weather conditions. Storms can be unpredictable, and driving can vary from day to day. Before you hop in your car, map out your ride, ensure your path will be clear and check for looming storms. 

Pack the Essentials 

Navigating through icy roads can be risky, so The Colorado Department of Transportation outlines essential items to stow in preparation and other valuable tips. Some must-have items include a snow brush or shovel, flashlight, blanket or sleeping bag, water, first aid kit and jumper cables. It may seem extreme, but it’s always better to be safe than sorry. 

Prepare Your Car 

To fully appreciate the winter landscape, your car has to be ready for anything. Snow tires are obviously of the utmost importance but don’t forget to get roadside assistance and take your vehicle in for a tune-up before you head out.  

Do Your Due Diligence 

If you aren’t familiar with the roads, research your route and verify it’s safe. Even if you’re a road trip veteran, an itinerary for each stop and destination will maximize your time, reduce travel time, and prepare you for surprise obstacles like traffic jams, construction or snowstorms.  

Pencil in Extra Time 

Alongside creating a travel itinerary, giving yourself extra time can help you expect the unexpected. As mentioned before, winter roads can be volatile, so padding your time can help reduce frustration during an unforeseen event and keep you on full alert.  

Though road trips can be a breath of fresh air after feeling confined indoors, it’s critical that you adequately plan for every scenario. Following these tips will prepare you for a safe and exciting expedition. 

Colorado Real Estate News

Kentwood Real Estate’s Secret to Success

Distinction: Excellence that sets someone or something apart from others. 

As we head into the final month of our 40th year at Kentwood Real Estate, it’s a fine time to honor the people of distinction who founded, fostered and created one of the top real estate brands in Colorado and the U.S. 

In January 1981, five brokers at Van Schaack and Company: Jack Bradbury, John Burns, Roger Campbell, Jim Nussbaum, and DeWayne Willardsen, formed the beginnings of the distinguished brand that would become Kentwood Real Estate. 

Over the years, the core of Burns, Campbell, and Nussbaum remained. Campbell and Nussbaum are still associated with the firm today. A few other recognizable names in Denver real estate who over time owned shares in the company or offices were Peter Niederman, Bill Moore, John Fitzpatrick, Dee Chirafisi, Jim Theye, Hank Edler, Julie Hummel, and Chris Vuletich. 

A History of Excellence 

Kentwood’s strong leadership team saw the company through the worst recession in U.S. history and grew the company to a record year in 2015 as a local boutique brand. Niederman sold the three metro Denver residential offices, a new commercial division and Denver Rental to Berkshire Hathaway’s HomeServices of America in June 2016. 

In 2017 Prosperity Home Mortgage was added to the Kentwood family of companies and in 2018 we expanded our footprint to Northern Colorado with the addition of Kentwood Northern Properties. This year we’ve added HomeServices Insurance. 

Nothing but the Best 

Kentwood real estate agents are successful because they’re serious about providing the utmost in customer service, knowing their profession, and being experts in the market. All of our agents – commercial and residential, leasing agents and property managers – view their chosen profession with passion. They execute for clients nationally and internationally, utilizing the networks our company has created to go beyond Colorado real estate. The Kentwood staff bring their all every day and they know that creating and supporting the best brokers in the business requires the best staff in the business. 

Thank you to our Kentwood clients and customers past and present, to our current and past brokers and agents, to our current and past owners, and to our staff and leadership team. It’s been a tremendous 40 years. 2021 will set a new record. We’re ready for the next 40 years at Kentwood! 

Colorado Real Estate News

How to Start Selling Your Home

There are many reasons you may want to sell your home: your family could be growing or shrinking, you could be relocating for work, you might want to move into an upgraded property, etc. Now that you’ve decided to sell, what comes next? Here is a checklist of eight things to do to jumpstart the process:

Get Your Home Ready

I know that seems like a ‘duh’ here, but what does it mean to really get your home … ready? To start, you’ll want to check the value of your home. You can get a free home value estimate easily online. HomeLight has a great home value calculator; they look at housing market data with information about your house. After checking the estimation of your property, take a look at your equity, and most importantly, start packing and performing your version of Marie Kondo shedding!

Hire an Agent Who Knows the Market

According to Bankrate, “An experienced agent earns the fee by exposing your house to the broadest audience to garner the best offers possible, and negotiating on your behalf.” A real estate agent helps bring attention to your home by figuring out your most valuable offers. If you do this by yourself, it would be far too much work to take on.

Kentwood’s knowledgeable real estate brokers would love to help you sell your home; you can learn more about our experienced group here.

Set a Timeline for Selling Your Home

Selling your home can take two to four months from start to finish and potentially longer, depending on the market conditions. When you decide to sell your house, it’s essential to start looking at real estate agents to find what will fit best for your situation.

Prepare Your Home for the Market

  • Get an optional home inspection.
  • Clean, clean, clean!
  • Take professional photos: they can make your home more appealing to buyers and renters. (Trust us, it’s worth the extra money to get these professionally done.)
  • Stage your home to make it inviting for those coming to look.

Kentwood’s Amplify services provide access to a team of professionals to help elevate your home’s value, and they tell you precisely what they believe you need done. They have options for renovation projects and cosmetic updates, such as staging, painting and decluttering. They also have options for deep cleaning, moving and packing assistance, and trash removal.

Set a Realistic Price

It’s critical to get your pricing right the first time. If you set it too high, your house might not sell. If you set it too low, it might misrepresent your home’s value. Evaluate your pricing based on the other homes in your neighborhood that have gone up for sale.

Put Your House on the Market

Promote your home, both online and offline, and prepare for showings by staging it and keeping it clean. A pro-tip from Bankrate is to let someone else show your home so that the potential buyers can come in and imagine themselves in your house.

Review and Negotiate Offers

When the offers start to come in, your real estate agent is your best advocate. Depending on the market at that time, you might get several offers or not as many as you would’ve hoped.

If you receive an offer, you can either accept that offer, reject the bid or make a counteroffer. Counteroffers have a short timeframe for the buyer to respond, and they should always be in writing.

Bankrate advises to look at other aspects of the offer, rather than taking the highest one:

  •  How the buyer is paying (cash or financing).
  •  The type of financing.
  •  Down payment amount.
  •  Contingencies.
  •  Requests for credits or personal property.
  •  Proposed closing date.

Sign the Final Paperwork

When you find the buyer and price that’s right for you, sign those papers! Review the settlement, determine what the buyer owes on the sale and receive your money. Selling your home is a process that can be time-consuming, but it’s extremely important and rewarding. By taking these steps, you’ll be able to find a perfect buyer. Good luck on your next homeselling journey, and congratulations on a new home! Kentwood Real Estate is all about helping people live their best lives. With a top-tier team of brokers, Kentwood is excited to help you with all of your home needs, including marketing for your home, intimate, local real estate knowledge and opportunities to get more for your home. Contact our team today at 1-888-621-7157!

Colorado Real Estate News

Northern Colorado Market Trends

The Frenzy for Attached Homes Slows in October

It’s becoming more and more clear that Northern Coloradans are growing weary of the hectic homebuying scramble, especially for attached properties.

Average Days on Market in October Increased Year-over-Year for All of Northern Colorado’s Attached Housing Markets Except Fort Collins and Timnath
Timnath didn’t have any closed sales while Berthoud’s attached market experienced a 604.65% increase from 43 days in 2020 to 303 days in 2021, and its detached housing market experienced a 3.37% increase from 89 to 92 days. During September 2021, only Boulder’s attached market experienced a year-over-year increase in average days on market.

Home Sales Decline in Northern Colorado

Closed sales were down year-over-year across all of northern Colorado, with Timanth’s attached market taking the lead down 100% from 7 sales to 0, and its detached market was in second place with a decrease of 80.85% from 47 days to 9.

Average Home Sale Price Increases Across Northern Colorado

Despite fewer homes selling, average sales prices have increased year-over-year across all of northern Colorado (with the exception of Timnath’s attached market). Berthoud’s attached market saw the largest year-over-year increase in average sales price of 92.39% from $309,800 to $596,017. Berthoud’s detached housing market experienced the second-largest increase in average sales price of 29.43%, from $544,798 to $705,141. Berthoud’s homes are taking longer to sell, and fewer of them are selling, but they are not going cheaply.

Timnath’s detached market saw the smallest year-over-year increase in average sale price of 7.15% from $695,271 to $744,959. Buyers need to act fast if they want to enjoy the lowest price increase in Timnath, as average days on market for detached homes dropped 48.25% from 91 days in 2020 to 47 in 2021.

Colorado Real Estate News

Denver Market Trends

October 2021 Exhibits Consistency With Past Years

In a year of turbulence, October represented a month of ease in the bumpy Denver real estate market. Across the board, the majority of statistics were seasonally consistent with what Denver has seen in years past, boding well for more households.

In Month-End Active Inventory, Denver Saw When Lower Numbers Change, They Yield Higher Percentages

At the end of October, there were 3,376 properties on the market, a 14.98% decrease from the previous month. The amount of listings also decreased by 13.28%, showing minimal changes in the month-end inventory.

While Properties Are Still Closing Above Asking, Realities Caught Up With Expectations

At 101.82% of the list price, buyers can be grateful that the extreme bidding wars are less common, and those without 20% to put down have a fair shot at a house, and the continued low interest rates can keep monthly payments down.

In the Luxury Market, Sellers Also Had a Lot To Be Thankful for in October

With homes only taking 25 median days in MLS to sell and sellers receiving 101.77% of their list price, luxury sellers have great opportunities to sell quickly and for top dollar. New listings were down 19.51% from the prior month and down 5.94% from one year ago. As soon as a listing came on the market, it was under contract, with 421 homes moving to pending status, up 4.21% from last month. With fewer homes on the market, Denver saw a 17.01% decrease in our sales volume month-over-month and a 12.04% dip year-over-year.

October Ultimately Showed That Even Though the Homebuying And Selling Process Is Hard, There Is Still Hope

Realtors® have had to re-strategize as buyers have felt demoralized and sellers have had to move, but there have been more homes purchased year-to-date than years past, and seasonal effects have re-opened the door for those that had previously felt discouraged from the buying process.

Colorado Real Estate News

Colorado Day – We Love Our State!

Colorado Day

In Japan, “forest bathing” is the concept of immersing one’s soul in nature. Coloradans have embraced this notion, taking advantage of everything Colorado has to offer. Whether you’re taking in the sights from your porch, hiking 14ers, or enjoying happy hour at one of our local breweries – there is something for everyone in our state to leave an indelible mark on your soul and make you feel at home. 

Colorado Day is on August 1st and marks the 145th anniversary of the founding of our great state. We’re proud to be celebrating this milestone with you! As a Colorado-founded company, Kentwood has been serving our extraordinary community for 40 years. 

Below are a few facts and tidbits about our beautiful home in honor of Coloradans everywhere. These are our ideas on what makes Colorado the finest state in the nation. Many locals may have different thoughts and suggestions. It can be hard to narrow down the list in a state like Colorado. 

Brief History of Colorado

The United States acquired the Colorado Territory in 1803 through the Louisiana Purchase and the Treaty of Guadalupe Hidalgo. In 1861, outgoing President James Buchanan established the Colorado Territory with the same borders the state currently has. 

On August 1st, 1876, Ulysses S Grant signed a proclamation admitting what was then known as ‘Colorado’ to become the 38th state in America’s Union, officially becoming the Centennial State in honor of the nation’s 100th anniversary.

Interesting Facts about Colorado

  • Colorado has multiple nicknames, including the Centennial State, the Lead State, the Buffalo Plains State, and the Switzerland of America. 
  • Colorado is home to the largest hot springs pool in the world. 
  • On Mt. Evans is the highest paved highway in the country. 
  • On average, Colorado receives 300 days of sunshine a year, which is more than San Diego or Miami. 
  • Colorado has 75% of the land with an elevation over 10,000 feet in the country. 
  • Colorado has 56 mountains over 14,000 feet. 
  • Colfax Avenue is the longest street in America.
  • The Royal Gorge Bridge is the highest suspension bridge in the US. 
  • The largest indoor rodeo takes place every year in Denver at The National Western Stockshow. 
  • The Great Sand Dunes National Park has the highest sand dune in the country. 
  • Colorado is the only place ever to turn down the Olympics. 

Literary Luminaries 

Colorado has a fascinating literary history and has been home to some incredible writers. Hunter S. Thompson lived at his Owl Farm compound in Woody Creek, outside of Aspen, where he wrote some of his best works. Phillip K. Dick, who wrote dozens of classic science fiction novels, was born in Colorado, and is buried here. Robert Heinlein, author of Starship Troopers, called Colorado Springs home. Jon Krakauer, who wrote the mountaineering classic Into Thin Air, lives in Boulder.

Also, horror master Stephen King is a big fan of our state and has set many of his books here, including The Shining. You can even stay in the hotel where King’s classic takes place if you dare. If you want to learn more about Colorado writers, past and present, stop by the Tattered Cover Bookstore, one of the best independent bookstores in the country.  

Top Quintessentially Colorado Things to Do 

Hot Springs

Colorado has over 200 natural thermal pools that are waiting for your visit! There are countless options, from remote to convenience, and each one offers its own set of benefits. For those looking for an easy access hot spring with therapeutic properties on the side, we recommend Strawberry Hot Springs in Steamboat – this is a perfect mountain town opportunity if you’re interested in soaking without too much hassle!

Local Breweries 

In the past decade, the popularity of the craft beer movement has helped boost the demand for local breweries. Today, breweries are popping up all over the state, with at least 150 throughout Colorado.

New Belgium Brewing Company, based out of Fort Collins, Colorado, has been at the forefront of some of the most innovative changes to the industry in recent years. Jeff Lebesch and Kim Jordan founded New Belgium back in 1991 and have watched their small brewery grow into a national powerhouse.

Live Music

The live music scene in Colorado features variety and depth. You’ll find some of the best jazz in the country at Denver’s prestigious Dazzle Club, Boulder’s Jazz on Pearl Street, or Sunday evening’s Jazz in City Park. You’ll also find your favorite bands and artists at Red Rocks Amphitheatre, perhaps the most gorgeous place in the nation to see an outdoor concert.

Originally built in 1906 by John Brisben Walker and his business partner Charles Lippincott, Red Rocks Amphitheater covers 9 acres with natural red sandstone rocks providing a stunning backdrop for the performances. Red Rocks has been a go-to destination for many artists, including Bob Dylan, David Bowie, Neil Young, U2, and the Grateful Dead.

Ghost Towns

The history of ghost towns in Colorado began with gold seekers who discovered gold in 1859, bringing people worldwide to Colorado. As the population grew from 584 settlers at that time, they found themselves faced with difficult conditions and harsh terrain. To this day, you can find a reminder of these struggles all over our beautiful state: Ghost Towns!

One such town is St. Elmo, founded by prospectors looking for silver during the 1880s mining boom near Nathrop (on Highway 50 between Buena Vista and Salida). From its humble beginnings as an ore-processing camp to being abandoned due to flooding issues, visit today for a glimpse into early pioneer life or just stop off on your next road trip.

Hiking

Colorado is home to some of the most breathtaking national parks in North America. Rocky Mountain National Park in Estes Park has endless hikes for all skill levels. There are also numerous hiking trails near Boulder, perfect for families with kids, such as Chautauqua Park. Garden of the Gods is a great place to explore if you are looking for a beautiful and relaxing mountain stroll. Near Durango lies one of Colorado’s most scenic routes – the Continental Divide Trail, which stretches from Mexico to Canada!

One of the most well-known attractions in Colorado is the 14ers – mountains with summits that are above 14,000 feet high. There are fifty-eight total fourteeners in Colorado, and below you’ll find just a few to get started on your adventure!

Mount Elbert – Located in central Colorado and was once thought to be the tallest mountain in America. Standing at 14,440 feet high, it’s no wonder Mount Elbert is one of the most famous mountains for hikers and climbers to explore.

Mount Massive – Three other peaks surround this mountain over 14,000 feet high: Mount Princeton (14,197), Mount Shavano (14,227), and Mt. Antero (14,197).

Skiing 

Colorado has arguably the best skiing in the world, offering residents and visitors the chance to ski or snowboard in diverse terrain, from challenging steeps to wide-open bowls. There are 26 resorts total, providing Colorado skiing with its unique charm.

For example, Vail Ski Resort has more than 100 runs spanning four mountain peaks, while Winter Park Resort has six mountain peaks that are all expertly groomed daily by their team of snow-makers. Breckenridge Ski Resort is a popular destination for skiers and snowboarders, with an average annual snowfall of 200 inches per year. The resort features 92 runs that are perfect for all levels – beginner to expert!

Kayaking

Colorado is a fantastic place for kayakers to get their paddle wet. The Arkansas River offers both fast water and slow-paced paddling trips, which means it’s up to you what kind of experience you want! Whether looking for remote wilderness or picturesque scenery, the Arkansas River has something in store. It’s an adventure not to be missed by any avid kayaker—so grab your gear and head out on this beautiful river today!

Golf

Colorado offers a premier golfing experience with dozens of low-land courses in the Denver metro area to high altitude courses throughout the mountains. The Rockies are the perfect backdrop for an afternoon on the tee boxes. The cool mountain air is refreshing and invigorating and will allow you to enjoy your game even more. Some of our favorite courses in Colorado include Denver Country Club, The Broadmoor, The Ridge at Castle Pines North, Four Mile Ranch Golf Club, and Grand Elk Golf Course.  

Mountain Biking

Mountain biking is a sport that’s been increasing in popularity over the years with new technologies and features like suspension or disc brakes on mountain bike tires. Colorado has some of the best trails for this activity, offering natural settings and breathtaking views! There are two main categories of trails you can go down: downhill (faster speeds) or cross country (less steep slopes). But if you’re looking to go fast while going on obstacles-filled courses, then downhill might be your choice!”

Kentwood is proud to be a Colorado company, and we want you to have fun exploring the state as much as we do. Get out and enjoy your day; after all, the mountains aren’t going anywhere anytime soon! 

Colorado Real Estate News

Three Reasons to Sell Your Home Now!

photo depicting a mother holding up her toddler daughter in a kitchen

If you are a real estate fanatic like we are, you know that 2020 has been a record-breaking year for the market and it likely won’t be slowing down in 2021. Zillow expects home values to increase 10.3 percent from November 2020 to November 2021 despite the ongoing pandemic challenges. The sales growth continues to be affected by similar factors such as strong demographic trends and a shift in buyer preference ignited by the pandemic. If you considered selling in 2020, this year proves to be just as promising. Still not convinced? Here are three reasons why now is the perfect time to sell your home: 

Interest Rates Are Expected To Stay Low
Get excited because the 2020 below-average interest rates are here to stay! Last year, interest rates were below 4 percent and while they may slightly increase in 2021, they are predicted to remain low compared to historical averages. Let’s put these rates into perspective. According to Freddie Mac, December 10th had a record low rate of 2.71 percent for a 30-year, fixed-rate mortgage. Compared to a year like 2018, where the annual average was 4.54 percent, these record-breaking rates are incredibly beneficial to all homebuyers. Buyers can secure a long-term mortgage at an insanely low rate, and sellers can capitalize on high prices. It’s a win-win situation!

There Are More Buyers Than Sellers
As demand continues to rise, inventory remains low. But this isn’t necessarily a negative situation for individuals looking to sell their homes. Buyers are eager and anxious to purchase a house quickly, especially when the real estate market provides such ideal financial solutions for potential buyers. As mentioned earlier, the low interest rates provide affordable mortgages, ultimately resulting in an inadequate supply of homes to satisfy consumer demand. With such high competition to close a deal, buyers are aggressive with their purchase offers. So why not benefit from these multiple offers and rising prices?

TIP: if you are looking to sell your home, consider investing in house repairs to amp up the curb appeal and receive a higher asking price.

Seasonality of Homebuyers.
Did you know there are seasonal trends for selling and buying a home? In previous years, the spring months are historically the best time to list a home. However, with the unpredictable and uncertain living conditions that we are experiencing, the usually defined “peak of interest” in the market has become blurred. With that being said, the most desirable time to list your home is NOW, so do your homework and prepare to capitalize on the eager homebuyers.

How Kentwood Can Help
Have we convinced you? While there is no better time to sell your home than now, we understand the process can be daunting and often complex. With our local expertise and exceptional service, Kentwood is here to guide you through a pleasurable selling experience! Reach out today!