How to Sell Your Home for the Most Money

My top 3 tips I learned when selling my own home and how to sell your home for the most money!

This summer, I put myself through the process I have personally put my clients through time and time again — I put my own home on the market.  I began to think about what makes a home sell and not only that, but what can we do as homeowners to get the most amount of money out of the sale of our home.  After I completed the process, I looked back and came up with my top three ways to get top dollar from the sale of your home —

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  1. LOOK FOR RED FLAGS — Go through your home top to bottom. That small leak under your bathroom sink? Fix it.  The chip in the paint in the kitchen?  Paint it.  Look for items to improve before your home goes under contract and an inspector points out items to fix
  2. STAGE IT – It is proven that professionally staged homes seller faster and for more money. Take model homes for example, when you walk into one, it looks and feels like you could call it home yourself, why? Because a professional stager came in and transformed the residence into a home with their designer eye and touches.  Walking into a home and seeing yourself living there comfortable in your mind is that feeling that makes buyers have to have that home!  We always hear the same reasons for not using a stager – it’s too expensive, why shouldn’t my furniture make the cut, we’ll just clean up, etc.  Sure, you can sell your home without staging, but if you want to make the most money from the sale of your home, I would call the stager before showings begin!  The Strange Team has trusted, professional stagers as a part of their team and offer consultations to our clients.
  3. KNOW THE MARKET – As an agent, it’s my job to watch, study and analyze the market. Most agents when they list a home do the 3 P’s – Put in MLS, Place a sign in the yard, Pray it sells.  I say take it two steps further and include price watching. Keep up with the newer homes coming onto the market (there are more and more every week!).  Pricing your home 10% under fair market value gives you an extra edge.  A lower price will bring in more traffic, every buyer in the marketplace will perceive it as an extremely high value which results in MULTIPLE OFFERS and sometimes a bidding war.  By only being 10% under, your home is still considered competitive with the other homes on the market in your neighborhood.

Alan Strange

3.5 Bonus: PROSPECT — Don’t wait for buyers – hire an agent that actively seeks buyer’s for your home!  These agents representing buyers spend their days searching for the perfect home for their clients.  The Strange Team has two buyer agents that work closely with our listing team to see if the homes we have listed are a perfect match for their buyers.

What makes the whole process worth it, beside the fact that you have a new place to make your own?  Getting the most bang for your buck, so to speak.. These tips will help you get the most money for the value of your home, and I can help further!  Myself and my team are master negotiators and will negotiate the best price and terms for you.  Contact The Strange Team today to find out how the changing market has increased the value of your home, even in the last year alone!

Contact – 303.668.5208 or [email protected]

 

Home Sales Soar Throughout the Country

It’s not just Colorado that has a booming market full of buyers, it’s everywhere in the U.S.!  Now is the time to sell and find your next dream home.  Check out this article from The Denver Post about the rising home sales throughout the country —

U.S. home sales soar in July to fastest pace since 2007

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By The Associated Press

The U.S. housing market contains a mere 4.8 months’ supply of homes.(Associated Press file)

WASHINGTON — Americans stepped up their homebuying for a third straight month in July, as sales accelerated to the strongest pace in eight years.

The National Association of Realtors said Thursday that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million, the fastest rate since February 2007.

Sales have jumped 9.6 percent over the past 12 months, while the number of listings has declined 4.7 percent.

The housing market contains a mere 4.8 months’ supply of homes, meaning that prices are rising for an increasingly narrow set of properties. The median home price climbed 5.6 percent over the past 12 months to $234,000. Just 28 percent of the purchases last month went to first-time homebuyers, a group that historically accounted for 40 percent of sales.

“When first-time homebuyers compete with people who are more qualified borrowers that have additional cash, they tend to lose,” said Budge Huskey, CEO of the real estate brokerage Coldwell Banker.

Contact The Strange Team today to see how this market has increased the value of your home!

6 Easy Steps To Homeownership

Interested in buying a home, but have no idea where to start?  Check out our easy steps to home ownership below —

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  1. Pre-Approval

Critical 1st step in knowing your buying power and a valuable tool in helping your offer to be accepted by sellers.

  1. Hire an Agent

Having a trusted Real Estate Team working for you will save you time, money & stress in finding the right property.

  1. Home Search

Make a list of your must-haves. Select homes that meet your property & budget criteria

  1. Make Offer/Sign Contract

Once your offer is accepted you and the seller will sign a contract!

  1. Property & Documentation

The home is inspected & appraised to support value. Your documentation is verified.

  1. Closing & Your Keys!

Upon final loan approval, Title Company schedules your signing appointment to close and your keys are delivered!

 

The Strange Team and Summit Funding Inc. are ready and willing to make your home owning dreams come true!

For more information, contact The Strange Team at [email protected] or 720.295.4350 and our lending partner, Dustin Hodges at Summit Funding, Inc. (NMLS ID# 3199)

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Dustin Hodges
Direct: 303.668.7605
Email: [email protected]
NMLS ID#: 269783
DORA ID#: LBM100030291

 

Denver Post Shines Light on Millennials and The Housing Market

 Check out the headline from the front page of the Denver Post today — Are you concerned about the hoops you have to jump through to become a homeowner?  The Strange Team is here to make those hurdles incredibly easy to maneuver!  Our main goal is to make the process to purchase your home, whether it’s your first or tenth, as painless as possible.  Now is the time!  Contact us today at [email protected] for all of your real estate needs!

Millennials in Denver want to buy homes, but not now

Millennials face several hurdles on the way to home ownership, but the will to buy remains.

By Aldo Svaldi
The Denver Post

POSTED:   07/28/2015 12:01:00 AM MDT
Lauren Frommer, a jewelry designer, bought her first home in the Cherry Creek neighborhood. A recent study shows that millennials are buying fewer homes

Lauren Frommer, a jewelry designer, bought her first home in the Cherry Creek neighborhood. A recent study shows that millennials are buying fewer homes than past generations. (AAron Ontiveroz, The Denver Post)

Lauren Frommer, 28, socked away a fifth of every paycheck and last month purchased a Cherry Creek condo, renting out two of the three rooms to friends who help her cover the mortgage.

“It feels like when you are renting, you are throwing away money,” Frommer said.

But Frommer’s view doesn’t appear to be the most common one among her peers, the millennials born between 1980 and 1997.

Her roommate Kate Braden, also 28, said she prefers the freedom that renting provides, and even Frommer concedes locking in a mortgage seemed frightening at first.

“I’ll start to look at houses when I am ready to settle down,” said Braden, who estimates it will be another five years before she purchases a home.

At the end of last year, only 35.8 percent of adults under age 35 owned their own home, the smallest share in U.S. Census Bureau records dating back to 1982.

A decade ago, 43.1 percent of adults in that age range owned a home, and much of the decline in U.S. homeownership rates falls squarely with young adults who are delaying purchases.

“Most young people still aspire to own a home, but the question is that it is becoming more difficult,” said Andrew Woo, a data scientist with Apartment List, a San Francisco-based apartment listing service.

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At some point

Apartment List surveyed nearly 6,000 adults age 18 to 34 who were renting and found nearly three out of four expected to purchase a home at some point.

But only a quarter expected to do so in the next two years, and more than half don’t expect to own a home until 2018 or beyond.

Woo cites a variety of reasons of why millennials are delaying home purchases. Many graduated with heavy student loan debts and are struggling to find stable employment and incomes, leaving them less able to qualify for a mortgage.

They are marrying later, reducing another important motivation to purchase a home. And some were turned off by the housing market after seeing family members go through foreclosures.

One school of thought is that they eventually will own, just at a later age than previous generations, and the pent-up demand will drive home sales for years to come.

But another view is that many in that generation could find themselves trapped renting, reducing their ability to accumulate wealth and secure a stable retirement.

“The future housing decisions of millennials will have a major impact on the economy,” Woo said.

Millennials who were married, who had a college degree or earned higher incomes were more likely to say they wanted to buy. But in an interesting twist, those with advanced degrees, and thus more student loan debt, were less likely to say they planned to buy.

Not unexpectedly, the older millennials were, the more likely they were to indicate they would buy a home in the near future.

Miami, St. Louis, San Francisco, Boston and New York and San Jose, Calif., were cities where millennials expected to become home owners at a lower rate.

Cincinnati, Atlanta, Denver, Washington and Austin, Texas, were among the metro areas where millennials expressed a higher interest in buying.

When housing costs are very high, as in Manhattan, renters are more likely to resign themselves to not purchasing a home.

In Denver, 81 percent of millennial renters surveyed said they wanted to buy a home at some point.

Denver is interesting in that it is starting to look like more expensive housing markets where rising costs outstrip incomes. But renters still aspire to buy a home at rates seen in more affordable housing markets, Woo said.

A Bloomberg survey last month ranked Denver among 13 U.S.cities with the widest gaps between what millennials make and what a home costs.

The median millennial salary of $39,492 in Denver was $2,620 short a year of the minimum salary needed to buy the median home, including saving up a 20 percent downpayment.

While Denver’s gap wasn’t as extreme as the ones found in many part of California, it highlights the risk that the metro area could lose its appeal with young adults going forward.

Living in the now

Frommer previously worked in the natural resources industry before becoming a jewelry designer and said the industry’s instability motivated her to lock in a home.

But she admits others her age seem much less concerned with saving for the future than living for the moment. Why save for a down payment when there are concerts to see and trips to make?

Braden, who grew up in a military family that moved a lot, said she has the income to take on a mortgage but prefers the freedom and flexibility that renting provides.

“I would have a house commitment issue,” she said.

Aldo Svaldi: 303-954-1410, [email protected] or twitter.com/aldosvaldi

For more information, contact The Strange Team and our lending partner, Dustin Hodges at Summit Funding, Inc. (NMLS ID# 3199)

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Dustin Hodges
Direct: (303) 668-7605
Email: [email protected]
NMLS ID#: 269783
DORA ID#: LBM100030291

Become the Master of Your Domain – Grill Master Edition

Here at The Strange Team, we hope you’re gearing up for a great 4th of July holiday weekend!  One of our favorite parts of this fantastic celebration is the BBQ!

Check out these great tips from Food and Wine magazine for a delicious grill experience every time!

 

1. Grill over wood

Forget about the gas-versus-charcoal debate: Wood is the only fuel that adds real flavor to food. If possible, use whole hardwood logs in a wood-burning grill. The next best option is to burn hardwood chunks in a regular grill. (Light them in a chimney starter as you would charcoal.) As a last resort, toss some wood chips onto the coals of your charcoal grill—you use hardwood charcoal, right?—or in the smoker box of your gas grill just before you begin grilling.

 

2. Keep your cool

You don’t need to bring steaks to room temperature before grilling: There’s no appreciable difference in cooking time. Steak houses keep meat refrigerated until they’re ready to cook it—for reasons of convenience and food safety—and so should you.

3. Line it up

Align the food on your grill in a neat row with soldierly precision. This helps you keep track of which foods went on the fire first, so you can turn them and take them off in order. Plus it looks more professional— and looking professional is half the battle.

 

4. Flip just once

You can’t get killer grill marks (the signature of master grillmanship) or accurately gauge cooking time if you’re compulsively turning over your steak every 10 seconds. To lay on a handsome set of crosshatches, rotate the steak 90 degrees after a couple of minutes of grilling.

5. Season before grilling

You might have heard that salt “bleeds” the juices out of raw meat: It doesn’t. Instead, it helps steaks form a savory crust as they cook. Just before putting the steaks on the grill, sprinkle on a generous amount of coarse salt and freshly ground black pepper.

6. Keep the grate hot, clean and oiled

This is the grill master’s mantra. Following it will prevent food from sticking and give it excellent grill marks. Before grilling, scrub the hot grate with a wire brush, then rub it with a tightly folded paper towel dipped in oil. Scrub the grate again when you’re finished cooking.

7. Grill your veggies

The dry heat of a grill intensifies a vegetable’s natural sweetness. Grill tender, watery vegetables, such as bell peppers and onions, directly over the coals. Grill dense or starchy vegetables, such as sliced potatoes and eggplant, using indirect heat, as far away from the coals as possible.

8. Grip, don’t stab

Use a pair of tongs—not a barbecue fork or, worse, a knife—to turn meat or move it around on the grill. Forks and knives poke holes in the meat that can allow precious juices to drain out. If you must cut and peek to check doneness, make a small slit with a knife.

9. Know when it’s done

For steaks, chops and chicken, poke the meat with your finger: If it feels soft and squishy, it’s rare; yielding, medium-rare; only slightly yielding, medium; firm and springy, well-done. For large cuts of meat, use an instant-read meat thermometer (even barbecue pros use them). Just don’t let it touch any bones, or you’ll get a false reading.

10. Let it rest

When you grill a piece of meat, its muscle fibers contract and drive the juices to the center of the cut. Meat served right off the grill will taste tough and dry, but a post-grill rest allows the muscle fibers to reabsorb the juices, resulting in a tender and succulent cut. Larger pieces of meat, like leg of lamb and pork shoulder, need to rest longer than steaks and chops—for approximately 15 minutes.

For recipes  –  http://www.foodandwine.com/articles/10-easy-ways-to-master-the-grill

 

Interested in looking into a new domain to master?  Let us help you and contact The Strange Team today!

[email protected]
720.295.4350

Have a safe and Happy 4th of July!

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