Peak Realty Real Estate Blog

What can you expect when selling your home?

I've put together a Seller Guide to give you an overview of several things to consider when selling your most valuable asset.

Hiring a knowledgeable agent is at the top of the list since he or she will be able to more smoothly guide you through the process. Your Realtor should provide you with a detailed market analysis with comparable sold properties. Also, he or she should offer you information on the local market, selling costs, real estate contracts, advertising, marketing, potential legal pitfalls, setting list price, negotiations, moving, Realtor commissions and more. The agent should be an experienced guide...your Real Estate Sherpa, so to speak.  

With an experienced agent following a proven

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Listing ConsultationAll Realtors are independent contractors who hang their real estate licenses at a brokerage registered with the Colorado Real Estate Commission.

 

Acting as an agent for my clients, I have a high level of fiduciary responsibility to represent my client's best interests, above my own. I take this very seriously!

 

In this video, I cover items from my Listing Consultation and briefly discuss why some of these items are important to my sellers.

 

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Thinking of becoming a real estate agent.You're currently frustrated in your current position and excitedly searching out a new life direction. You watch tons of HGTV and love houses. You get along with lots of different personalities, and talking to new people excites you! While real estate is portrayed on T.V. as a flexible career with fabulous commissions, you'll want to wait before spending money and time getting a real estate license. Let’s cover what you'll need to be prepared for a career in real estate.

Be Prepared in your Piggy Bank

Every business has start-up costs and on-going costs, plus a lag time before you see the fruit of your labor. Your one time start-up expenses for real estate (in Colorado) will be roughly $2,000 to $2,500. This includes real estate school, licensing,

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6 Key Steps of the Home Buying ProcessSTEP 1: Decide to Buy

You are ready to purchase a home. Now, you must identify what you want, why you want it and if you are financially ready to purchase. Below are a few questions to help you dig into this:

1. What are your future plans?
Do you anticipate starting a family? Perhaps you expect your family expand, or maybe you are scaling down and the kids are moving out to attend college. Whatever your future goals, it is wise to clearly articulate these goals so that you can identify the house that will meet your particular needs.

2. Do you have enough cash for a down payment?
Identify how much you can afford for a down payment. Remember, you will need to have Earnest Money (typically around 1% of the value of the home) accessible to submit

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Attention Realtors!  Are you curious about WHY you should create content for social media, or not?  I go on a rant about social media vs. old-school lead generation approaches, and open up discussion about underlying motivators and HOW we approach building our businesses. We're only scratching the surface here...more FUN topics to follow soon on finding your true Motivation!

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Home EquityIf you own a home in Denver Metro you have likely seen significant appreciation in your property since 2013.  If you bought your home 4 years ago for $200,000.00 your home could be worth nearly $300,000, depending on your neighborhood's appreciation.  While you may be comfortable not selling, there are a few ways to improve your financial portfolio utilizing your equity.

  • Refinance to Eliminate PMI: If you currently have a FHA loan you can use the equity in your home to allow you to refinance to reduce/eliminate your monthly mortgage insurance. With a lower payment each month, you'll have more funds to do what you wish!
  • Home Improvements: Projects that add value to your home can be an excellent investment. These include new items such as a roof,
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homeSmart income choices play an important role when buying a home—it’s not necessarily all about what you earn, but how you spend it too.

Income is a crucial component lenders consider when granting you a mortgage. It is the basis by which they are going to get repaid, because a mortgage loan is not really a loan against the property—it is loan against your ability to repay. The dwelling is simply used as collateral in the event you default on the mortgage.

A low interest rate and affordable monthly payment helps keep the cost of your new house down, and a good credit score can help you secure those. (You can see where you stand by reviewing two of your free credit scores each month on Credit.com.) But income is a vital part of getting approved and

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Video

video question mark peak realty

As agents, we're already so busy handling a million different things to get our clients to the closing table. Do we really have time to create video content??  Many agents say "No"!  Some common objections to creating video content are:

 

  • Lack of technical experience
  • Don't like the way they look on camera
  • Seems overly complicated
  • Difficult to track ROI
  • Too expensive
  • No time to create content

Technology & Message

Agent Video Peak RealtyAs technology improves, savvy agents are getting more comfortable creating video content for their listings and personal brand. Social media platforms like Instagram Stories, facebook Live and Google Hangouts are making it easier to create & share content with different audiences.

Since video is

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3 Reasons Your Real Estate Offer Was Rejected

Buying real estate can be extremely emotional. After looking at several homes, you finally put an offer in on one. Truthfully, you probably have already "moved yourself in" to the home in your mind. Then you receive the news that your offer was not accepted.

The best case scenario is that you are presented with a counter offer and can get a better idea of why your offer was not appealing to the seller's. Worst case, you get no feedback. Wouldn't it be better to go into the process with an understanding of why offers to purchase real estate are often rejected? 

#1 The Price Offered Was Too Low

In our current market in the Denver Metro Area, it is not uncommon to see multiple offer situations on properties priced appropriately for the market. This

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