National French Fry Day

Did you know that french fries actually originated in 𝐵𝑒𝓁𝑔𝒾𝓊𝓂 and not 𝐹𝓇𝒶𝓃𝒸𝑒? The story goes that when the River Meuse froze one very cold winter, the local people didn’t have their normal small fish to fry. So instead they fried potatoes. We don’t know about you but we’re grateful for that cold winter. ⁣
𝗪𝗵𝗼 𝗺𝗮𝗸𝗲𝘀 𝘆𝗼𝘂𝗿 𝗳𝗮𝘃𝗼𝗿𝗶𝘁𝗲 𝗳𝗿𝗶𝗲𝘀? 👇⁣
#nationalfrenchfryday #frenchfry #fries #residentialrealestate #listingspecialist #whoyouworkwithmatters #realtoring #frenchfries #belgiumfries #belgium #france #french #summitcounty #ssf #forbesglobalproperties #realtorlife #lifeofarealtor #realtorsofinstagram #funfacts

Market Monday: 7/12/2021

𝘼𝙘𝙩𝙞𝙫𝙚 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 4% from last week⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁠⁣⁣⁣
𝙋𝙚𝙣𝙙𝙞𝙣𝙜 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 2% from last week⁣⁣⁣⁠⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
𝙎𝙤𝙡𝙙 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬇ 27% from last week⁣⁣⁣⁣⁠⁣⁣⁠⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 -> @mbaumannrealestate ⁣
⁣⁣⁣⁣⁣⁣⁠⁣⁣⁠*Stats are based on residential properties and do not include Deed-restricted properties.⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁠⁣⁣⁠⁣
Source: Summit Association of Realtors⁣⁣⁣

⁣⁣⁣⁣⁣⁣⁣⁣⁠⁣⁣⁠⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣#realtorlife #realtors #realty #marketupdate #househunting #realtor #marketmonday #marketwatch #monday #realtorsofinstagram #marketupdate #marketreport #realestatemarket #stats #report #frisco #silverthorne #dillon #breckenridge #coppermountain #keystone #summitcounty #coloradorealestate #coloradorealtor #realestateinvesting #lovewhereyoulive #livewhereyoulove #forbesglobalproperties #housingmarket

Market Monday

𝘼𝙘𝙩𝙞𝙫𝙚 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 3% over last week⁣⁣⁣⁣⁣⁣⁣⁣
𝙋𝙚𝙣𝙙𝙞𝙣𝙜 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬇3% over last week⁣
⁣⁣⁣⁣⁣⁣⁣𝙎𝙤𝙡𝙙 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 26% over last week

⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 -> @mbaumannrealestate ⁣⁣⁣⁣⁣⁣⁣⁣

*Stats are based on residential properties and do not include Deed-restricted properties.⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

Source: Summit Association of Realtors

⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣#realtorlife #realestatelife #realtors #realty #househunting #realtor #marketmonday #monday #realtorsofinstagram #marketupdate #marketreport #realestatemarket #stats #report #frisco #silverthorne #dillon #breckenridge #coppermountain #keystone #summitcounty #coloradorealestate #coloradorealtor #realestateinvesting #lovewhereyoulive #livewhereyoulove

Client Testimonial

Market Monday

𝘼𝙘𝙩𝙞𝙫𝙚 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆️ 15% over last week⁣⁣⁣⁣⁣⁣⁣
𝙋𝙚𝙣𝙙𝙞𝙣𝙜 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬇️1% over last week⁣⁣⁣⁣⁣⁣⁣
𝙎𝙤𝙡𝙙 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬇️ 28% over last week⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 ->

⁣⁣⁣⁣⁣⁣*Stats are based on residential properties and do not include Deed-restricted properties.⁣⁣

⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣Source: Summit Association of Realtors

⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣#realtorlife #realestatelife #realtors #realty #househunting #realtor #marketmonday #monday #marketupdate #marketreport #realestatemarket #stats #report #frisco #silverthorne #dillon #breckenridge #coppermountain #keystone #summitcounty #coloradorealestate #coloradorealtor #realestateinvesting

Is now a good time to buy or sell a home?

MarketWatch, April 22, 2021

Low mortgage rates, rising home prices and a shortage of properties for sale have made for a complicated market.

With any purchase, people want to know if they’re getting a good deal. But when it comes to buying a home in today’s market, it’s hard to answer that question.

Americans are laser-focused on the state of the housing market as the country enters the peak spring home-buying season. Data on search trends from Google GOOGL shows that people are researching whether now is a good time to buy or sell a home.

Some of those people may be looking to make up for lost time. Around this time last year, real-estate transactions slowed considerably as COVID-19 restrictions on businesses meant that home sales couldn’t proceed in many states. But home-buying came back with a vengeance, as the typical spring deluge of home sales bled into summer — and fall and winter.

In truth, since that initial slowdown at the start of the pandemic, activity hasn’t slowed a whole lot in the real-estate market. The pandemic has fast-forwarded the clock for many families, who find themselves flocking to see homes in more suburban areas to get more space for their growing households. Plus, many people are looking to take advantage of their newfound ability to work remotely and move further out from the dense urban cores across the country to more rural areas where they could save money now that they don’t need to worry about long commutes.

What does that all mean for people looking to buy or sell a home right now? Here’s what real-estate and financial experts say:

Yes, it’s a sellers’ market — but it’s more complicated than you’d think.

Home prices have skyrocketed throughout the pandemic, and they’re not expected to drop anytime soon. In January 2021, home prices rose by a staggering 11.2%, according to the S&P CoreLogic Case-Shiller national home price index. Home price growth is happening at the fastest pace since the Great Recession.

Why are home prices rising so fast? Demand for homes is high, but there aren’t many listed for sale right now. Years of under-building has meant that the country is facing a serious housing shortage. Rising demand and dwindling supply is a perfect recipe for higher prices.

That’s good news for those who can sell their homes right now. But there’s just one problem for most sellers: They still need a place to live. “You’re going to be out there among all the other buyers competing for the small number of homes,” said Elizabeth Renter, a data analyst at NerdWallet.

Throughout the pandemic, people who already own homes have remained hesitant to list their properties for sale. To some extent, that’s a reflection of the health risks associated with COVID-19 — and certainly many people were worried about exposing their families to the virus by having showings.

But the short supply of homes for sale has become a vicious cycle, preventing sellers from listing their homes and therefore keeping inventory low.

Anyone who needs to sell should remember that the ball is in their court. Because of the steep competition in the market right now, buyers are willing to make many concessions to make their offer more attractive. Savvy sellers can take advantage of this by asking to move the closing date to coincide well with the purchase of their next home, Renter said.

“If it wasn’t such a strong seller’s market, buyers might not find that appealing,” she said. “However, buyers know that sellers have a list of buyers lined up — so if this doesn’t go through, the seller is probably going to find someone else to purchase their home.”

Sellers shouldn’t get overconfident about timing the market.

Higher prices are drawing some sellers to the market, to be sure. A recent survey from NerdWallet and The Harris Poll found that around 1 in 6 homeowners are planning to sell their home in the next 18 months. Among those people, 45% said that rising home prices and falling inventory has prompted them to consider selling earlier than they had originally planned.

But homeowners should exercise caution in trying to game the market, financial experts warned. “Timing the housing market is almost as difficult as timing the stock market,” said Rick Brooks, co-owner of Blankinship & Foster, a wealth advisory firm in Solana Beach, Calif.

“And the transaction costs are a lot higher,” Brooks said.

Some homeowners have begun questioning whether it’s worth listing their homes now to lock in a high price and then renting until they can find their next abode. But that’s a risky move. As Brooks argues, it’s “nearly impossible” to adequately compare the costs of renting a home to owning one because the two markets “don’t always move in tandem.”

Buyers need to come in prepared — in more ways than one.

As the wisdom in real estate goes, the best time to buy a home is when you need to because your life has changed. Many people opt to become homeowners after they get married or when they have children as a way to have more control over their housing costs while also building wealth.

That is to say, many people don’t have the luxury of waiting to buy. And again, timing the market can be something of a fool’s errand.

At the same time, it’s easy to get caught up in the emotion of trying to secure your dream home in the midst of a bidding war.

To start, buyers should examine how the trends in their local market compare to what’s going on nationwide, said Danielle Hale, chief economist at Find the homes have sold recently in your neck of the woods and learn more about them. How long were they on the market? How much over asking did the sell for? Did the buyers have to do major renovations afterward? These details will give buyers a sense of how competitive their local market is.

Then, they need to take on the difficult task of setting a strict budget. “Be really firm on what your house budget is,” Hale said. “I know that’s probably challenging for a lot of buyers in an environment where home prices are rising very rapidly.”

Determine how much you can afford to spend each month on your mortgage, insurance and home maintenance. Use that to determine how much you can afford. And then — here’s the hard part — avoid looking for homes at the top end of that budget. Homes in many markets are being bid up well above asking, and if a buyer lets emotion get in the way they could set themselves up for financial trouble.

Make the largest down payment possible.

Many Americans appear to be worried about the possibility of a housing crash. Google searches for phrases such as, “When is the housing market going to crash,” have risen more than 2,000% over the past month. “If we see prices rising as quickly as we have, for some people it might spark some memories of the last time around,” Matthew Speakman, an economist with Zillow ZZG, told MarketWatch.

Real-estate experts agree that while the market may cool somewhat — particularly if mortgage rates rise — the chances of the market seeing a downturn like it did during the Great Recession are slim.

That said, buyers can protect themselves and their investment in today’s market. The key is to make a larger down payment. “While low interest rates tempt future homeowners to buy as much house as they can afford, and to put a very small amount down, I strongly recommend clients put at least 10% down on their home,” said Liz Gillette, a financial adviser at MainStreet Planning.

In the first few years of homeownership, buyers build little equity because a larger chunk of their mortgage payment goes toward paying off the interest rather than the principal of the loan. So let’s say a home buyer puts 3% down on a home with a 3.2% interest rate but has to sell — because, as Gillette cautions, “life has a way of throwing us curveballs.” At that point, you’d have built around 9% equity, but could spend as much as 7% in selling the home.

“You’re left with very little to fund your next house down payment,” Gillette said. And that’s not even accounting for the prospects of the property’s value decreasing. A larger down payment provides a buffer against these possibilities.

Of course, saving a larger down payment isn’t straightforward. A new report from the Center for Responsible Lending found that it takes the typical worker 11 years to save up a 5% down payment on the median-priced home. It’s even harder for Black households, who can expect to spend an average of 14 years building up a down payment that large.This article was licensed through Dow Jones Direct.
© 2021 Dow Jones. Prepared by WSJ. Custom Content Studios. All Rights Reserved.

5 financial habits worth keeping after the pandemic

MarketWatch, April 5, 2021

As the pandemic shut down the world around her, Ashli Smith, an Atlanta resident and mom to a newborn, says she set up autopay for her recurring bills to help her stay organized and avoid late payments. “With everything going on, plus being a mom, I don’t want to forget to pay something or someone,” she says.

While the pandemic caused incredible financial stress and uncertainty, it also led many consumers like Smith to form new financial habits worth keeping, including saving more and spending less. A NerdWallet survey found that most people who formed new financial habits plan to continue them into 2021.

Here are five habits to consider sticking with even as life starts to return to normal:

1. Spend less, save more

For many Americans, spending less amid the COVID-19 pandemic came naturally because of income loss or fewer spending options after restaurants and travel largely shut down. NerdWallet’s survey found that among those who said they picked up new financial habits during the pandemic that they plan to carry into 2021, 58% said they were cutting back spending on “wants” and 36% said they were cutting back spending on “needs.”

“If your job was eliminated or your pay was reduced, then you’ve probably decreased spending and gotten used to a lower monthly budget,” says Eric Simonson, certified financial planner. “As soon as that income returns, it would be an amazing opportunity to keep expenses the same but save all of that new income.”

Natalie Slagle, a CFP based in Rochester, Minnesota says, “For those who were furloughed or laid off, the No. 1 priority is replenishing savings.” For those who got used to spending less, she says, “we encourage them to sustain that habit so their cash flow can go toward building up their emergency fund at a higher rate than what was possible before the pandemic.” That way, it’s easier to handle the next crisis, whether it’s income loss or an unexpected expense, without taking on more debt.

2. Stick with a budget

In the NerdWallet survey, 39% of those who adopted new habits that they plan to carry into 2021 said that one of those habits was sticking to a budget.

“So many people have looked at their budgeting and spending during [the pandemic], often for the first time,” Simonson says. “It’s important to stick with this post-pandemic, since keeping a budget is part of a healthy financial plan.”

Many people turned to budgeting to help regain a sense of control that the pandemic took from them, he adds. “The financial habits you’ve been forced to learn and adopt have the power to create huge, positive, lasting change if you stick with them,” Simonson adds. Continuing to budget makes it easier to generate long-term savings and avoid debt, for example.

3. Minimize travel expenses

Among survey respondents, 40% said one of the new habits they plan to continue in 2021 was cutting back on travel spending.

“One reason we saw our clients enjoy lower expenses [during the pandemic] is because they didn’t go on their planned vacations,” Slagle says. “Not only did that cut expenses, but they also have flight vouchers and unused travel miles to spend.”

As travel begins to start again, Slagle says she’s helping clients plan on using some of those savings and credits on their next trip to avoid overspending.

4. Earn extra income

Based on the study, among those who developed new financial habits, just over a quarter said they picked up a side hustle or extra work to make money. Kevin Mahoney — a CFP based in Washington, D.C. — says earning a side income can help provide financial stability during uncertain times, which is why he encourages his clients to consider it.

“Supplemental income mimics an emergency savings fund. People who can consistently generate self-income are better prepared to withstand financial volatility,” he says.

5. Use autopay for bills

As for Smith, she says she plans to continue using autopay for bills, even when the pandemic is long over. In some cases, autopay comes with a small discount, too.

“It helps me stay organized because I know on a certain date, money has to come out to pay the bills,” she says.

This article was licensed through Dow Jones Direct.
© 2021 Dow Jones. Prepared by WSJ. Custom Content Studios. All Rights Reserved.

Buyer Tip: Bring Value to your home!

Market Monday: 3/29/2021

𝘼𝙘𝙩𝙞𝙫𝙚 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 5% over last week⁣⁣𝙋𝙚𝙣𝙙𝙞𝙣𝙜 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬆ 2% over last week⁣⁣𝙎𝙤𝙡𝙙 𝙇𝙞𝙨𝙩𝙞𝙣𝙜𝙨: ⬇35% over last week⁣⁣𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 ->

*Stats are based on residential properties and do not include Deed-restricted properties.⁣⁣ ⁣Source: Summit Association of Realtors


Use your tax refund towards a down payment