Post about "Real Estate"

Fort Collins Real Estate: Market Situation and Trends

Analyzing the Market StatisticsAmidst the lush green surroundings, Fort Collins provides families and couples a wonderful locality to settle into. The real estate and value of property was in a decline but gradually the prices have picked up again; causing several sellers and buyers to enter the market. The Fort Collins real estate market situation has also considerably improved despite a continued presence of distressed properties. These distressed properties are foreclosures and short sales. The overall Fort Collins property market has increased slightly with a 1% increase since June 2013. The prospect buyers can either choose a condo/apartment or a single family home for themselves. The market price of houses in Fort Collins has a less dramatic real estate drop than other areas of the state and country. This implies that the price of Fort Collins property will also show lesser gradual recovery because of the lesser drop to recover from initially. The current market statistics for Fort Collins real estate are:

Average Listing Price: $273,251

Median Listing Price: $235,200, up 3% from 2010

Current Inventory (properties/homes available): 1039 Listings

Recently sold: 402

New Listings: 488

Distressed: 1
The right to invest is NOW If we observe the first half of 2011, we will notice that there have been 5,617 sales in that period which in comparison to 2010 were 5991. This shows a 6% decrease in Fort Collins property sales. If we consider the inflated sales due to the tax credit in the spring of 2010 then this fall is instead a healthy improvement. Without such artificial enticements, the market has remained strong and grown to almost equal levels this year. The median listing price in Fort Collins went down from June to July. There were a total of 28 price increases and 147 price decreases. The final conclusion is that it is a great time to invest in Fort Collins property.Fort Collins real estate listings are available online for buyers to browse through and hunt for houses as per their requirements. These listings are constantly updated so that any house up for the sale in the market is immediately added in the database. The real estate market is always considered a buyer’s market especially after the aftermath of the national mortgage crash and the economic turndown. If you are looking to buy property in Fort Collins then you need to adjust your practices accordingly.Buyers vs. Sellers Thanks to the improving situation in real estate, the buyer’s market is now a seller’s market. According to the real estate experts, the shift of market trends is a process that is caused by several buyers and sellers when they are practically indulging in the buying and selling of property. If you are hunting for a house then you should prequalify for financing. It is most likely that you will be competing for same property against people who have enough money in their hand. The Fort Collins real estate market is fast-moving with sellers inclined to accept an offer on the contingency that the buyer can round up the necessary funds.If you have already made up your mind to purchase a home then you should be willing to immediately put up an offer and pay upfront because the house may not be available in the market for a long-time. Experts say that the days of making low-ball offers are over as low interest rates on home loans and pent-up demand are driving speedy sales. The buyers who have been sitting on the fence for past couple of years would be happy to know that Fort Collins real estate market situation is constantly improving.This statement is further backed by the number of sales made during this year. Fort Collins has not experienced valleys and peaks as dramatic as other areas in the boom and bust times for the market. The last decade witnessed loose lending practices to steer the mortgage industry off a cliff. However, this time around, the real estate industry is all set on a sustained rebound. Lenders are scrutinizing the prospective buyers while the buyers are making more informed and practical choices. All these factors contribute to the fact that real estate situation has picked up and confirms to be a fast moving market for buyers and sellers. A laid back attitude in making a valid offer for a house can end you up on losing out on your dream house as there are plenty of buyers willing to make viable offers to the sellers.

Residential Real Estate Investing

This is the flip side of homeowners that have found themselves unable to pay for their mortgages payments during the recession. Many individuals with the knowledge, and resources have been able to capitalize on the situation in the form of residential real estate investing. Real estate has long been one of the best vehicles to wealth for many individuals in history. More millionaires have been created in the United States through the investment of real estate than in any other industry.Since the beginning of the recession in 2007 real estate investors have seized on the opportunity in residential real estate investing throughout the US at discounts prices up to 50% off the properties markets value. How are these prices created you might ask. When the recession started many employers reduced their work forces in large numbers this created a domino effect in the market place. After several months of unemployment many homeowners began to stop making monthly mortgage payments on their homes. Banks and mortgage companies suddenly found themselves with massive amounts of delinquent mortgage payments on their hands more than they could handle all at the same time. In an effort to resolve this problem these mortgages companies and banks started issuing homeowners notices of default in an attempt to get the homeowners to begin paying on their loans again.This effort was not successful, and on top of that some mortgages that were originated several years prior to the recession had adjustments in interest rate built- in to the mortgage that automatically were scheduled to increase the monthly mortgage payment on homeowners for some $1,000, or more per month which added more troubled mortgage payments as homeowners were not able to pay the increased payments on their houses. This nearly brought the US financial system to a complete standstill which had not happen since the Great Depression of the 1930′s. So, with banks and mortgages following through with their normal practices of foreclosing on delinquent homeowners this created a large supply of homes at a bad time for the real estate market as a whole.Real estate values that had increased from 2003-2007 took a large drop in value almost overnight with an unsteady housing market new homeowners were unwilling to take the chance in getting caught up in the devalue real estate market. This is where residential real estate investing opportunities presented itself. Many of these individuals had been buying, and repairs homes through the boom period of 2003-2007 and had made a lot of profit in the process.So, they were fresh with cash ready to take advantage of this declining market. Banks had to sell this oversupply of properties as the US government bank regulators requires them to get these defaulted loans off of their books. As the only real buyer in the market banks began one by one selling off inventory at large discounted prices to residential real estate investors. These investors in turn made repairs to the homes, and as months went by some potential homeowners started hearing that there were lower prices available in the market place so they decided that they would take a chance at home ownership. The residential real estate investors started selling their properties that they had purchased from the banks at discounts up to 50% to these new homeowners. The new homeowners were happy as they were able to buy homes that were far less than they were able to buy that same home just a year before, and now they were getting new upgraded amenities that the real estate investor had thrown in such as new stain less steel appliances, upgraded cabinetry, freshly painted property through the home, and new flooring that was used to entice the homeowner to purchase.The residential real estate investing segment of investors continued to put more in more money into the market to purchase more discounted properties from the banks. They were making money hand over fist some properties were sold to profits of up to $200,000 to $300,000 per unit depending on where the house was in the country. This was good for business for these residential real estate investors. This trend continues to this very day, but the banks who found out how much these investors were making have made changes to their ways of selling the properties. Big profits are still available, but just not quite as big as the beginning days in 2008 through 2010. When the word got out how much money was being generated in the resell residential real estate market for distressed real estate properties new investors joined the group many of whom had never been in the real estate business prior to the recession. If you have ever thought about making money outside of your current employment there are still opportunities to make money in this avenue sometimes without the need for any of your own money or credit.The opportunity of the large money may not be there anymore, but what is wrong with making an extra $20,000 to $50,000 off of the sale of one property. Two or three property sells per year can put an extra $60,000 to $150,000 in your pocket up and above your current income without you having to leave your current job. This makes the residential real estate investing market alive, and well in 2013.