Have you heard of "pocket listings" in Fort Collins?

Home in Ridgewood Hills subdivision in Fort Collins, CO.

Home in Ridgewood Hills subdivision in Fort Collins, CO.

In your Fort Collins home search you are likely to hear the term “pocket listings” from your Realtor®.  So what exactly is a pocket listing?

In short, a pocket listing is a home or property that a real estate agent will be listing for sale in the near future but that has not been advertised in the Multiple Listing Service (MLS).  Real estate brokers are often able to network within their brokerage to pitch upcoming listings to other agents.  When housing inventory is low (as it has been in Fort Collins, CO for the last 12 months) it is important that you establish a relationship with a trustworthy Realtor® who can expose you to pocket listings.

Over 90% of home buyers search for real estate online.  Sure, retail websites like Trulia and Zillow make it very easy and convenient for online users to search for homes, preview pictures, and learn more about schools and neighborhoods.  But are you really seeing all of the homes for sale?

If you are only relying on your websites for listing updates then you are likely missing out on homes for sale that don’t even hit the market.  Large real estate brokerages like Coldwell Banker Residential Brokerage with over 100 agents in Northern Colorado and over 16 real estate offices throughout Colorado are able to sell homes quickly (and often internally) because of the massive networking and advertising exposure listing agents can provide.  Think about it.  A home on the Internet is not going to sell itself.  Serious home buyers know this, which is why they choose to have a real estate agent on their side.

If you are still waiting for the right home to appear online it may be time to meet with a real estate agent to discuss your property criteria, build a relationship, and let your Realtor® help you gain some exposure to pocket listings.

For more information about the real estate market in Fort Collins, CO please give me a call or send me an email

 

Buying a Home in 2013? by Richard Jensen

(source: Richard Jensen)

There is something very consistent about New Year's resolutions – they seem to change every year.  We have new dreams, new goals, and a flurry of new gym memberships throughout Northern Colorado.  One of my New Year's resolutions is to buy my son a new toy for each closing I have in 2013.  You can bet he's been asking me every day, "Dad, did you sell a house today?"

And of course there are always changes to the Colorado real estate contracts approved by the Colorado Real Estate Commission.  So what should you know about buying a home in Northern Colorado in 2013?  Let me start by sharing some of the basics.

1.  The Colorado Contract to Buy and Sell Real Estate has changed as of January 1, 2013.  To learn more about these changes and buying a home in Northern Colorado contact Richard Jensen with Keller Williams Realty of Northern Colorado.

 

2. Historically low interest rates may continue into the new year, but 2012 housing inventory in Northern Colorado was down nearly 50% compared to 2011.  It is a seller's market in Northern Colorado for homes priced under $250,000.  Be prepared for competition.

3. Standard build time for new construction is 60-90 days, so if you are considering moving into a new home in the Spring of 2013 you should act now.  New construction in Northern Colorado will continue to  rise in 2013 as more home buyers and investors take advantage of the profitable real estate market.

4. Rental rates in Larimer County are among the highest in the entire State of Colorado.  Chances are if you can afford to pay rent you can likely afford to pay a mortgage.

5. According to the National Association of Realtors®, 92% of home buyers choose to work with a professional buyer's agent to help them buy a home!  If you have not already committed to working with a Realtor® now is the perfect time to contact Richard Jensen with Keller Williams Realty of Northern Colorado.

Now if you haven't already spoken with a lender to discuss financing options and programs available for first time home buyers, add that to your list of New Year's resolutions.  And if you haven't already met with me to discuss your real estate goals for 2013, give me a call as soon as possible so we can schedule a brief meeting. 

As a Realtor® I spend much of my time studying the real estate market and, more importantly, previewing homes so that I have a better understanding of the features and benefits available to home buyers.  If you are serious about home ownership in 2013, now is the time to buy!

Thanks for reading our Northern Colorado Real Estate and Lifestyle Blog!

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