Category: Real Estate Update

Welcome to our NEW Realtor!Welcome to our NEW Realtor!

August 10, 2022August 10, 2022| Carrie SummersWelcome to our NEW Realtor!| 0 Comment| 9:31 pm

Kia Baikie, who has been working for her Mom, Carrie Summers since high school is our newest Realtor.  She’s been helping with marketing,  getting homes ready to sell and paperwork for years.  Kia brings lots of energy to our team and as a Realtor will be able to help lots of more clients.  Kia can be reached at 970-422-6162 or email her at Kia@coloradoranchandhome.com.

How do interest rates affect my home purchase?How do interest rates affect my home purchase?

June 16, 2022June 16, 2022| Carrie SummersHow do interest rates affect my home purchase?| 0 Comment| 9:45 am

When you’re paying interest on a home loan, it’s amortized over the life of the loan.  That means that in the beginning of your loan term, most of your mortgage payment will go toward paying off interest. Over time, a larger percentage of your monthly payment will be applied to your loan’s principal balance.
Nothing affects a home’s affordability more than interest rates. After all, we live with the monthly payment, not the amount of the loan.
Look at the chart below depicting the monthly payments for 30 year loans of $400,000 and $750,000.
As you can see, just a 1% change in the interest rate can have a drastic effect on the monthly payment.
I’m here to help, call Carrie with questions 970-759-2540.

Shortage of Homes for SaleShortage of Homes for Sale

February 7, 2018February 7, 2018| Carrie SummersShortage of Homes for Sale| 0 Comment| 4:51 pm

If you are looking to sell, now is a great time.  Inventory of homes in the Mancos area are super low.  Currently, there are only 3 homes on the market in the $300k-$400k range!  That’s a 3 bedroom/2 bath home with some acreage.  With the weather being sunny and warm there are buyers looking.  Why wait to list your home this summer when there is more competition?

If you would like to know what your home is worth, just give me a call for a free market analysis.  I’m here to help.

Two Months into 2017Two Months into 2017

February 28, 2017February 28, 2017| Carrie SummersTwo Months into 2017| 0 Comment| 5:50 pm

We got blasted with snow and all schools are closed in county, so it’s a great time to reflect. Two months into 2017! Wow time flies!
Inventory for homes for sale in the $300k- $400k range is still low.  There is also a shortage of rentals in the area.  So this is a perfect time to list, if you are thinking of selling.
Currently there are 56 homes for sale with the Mancos zip code.  Many of these have been on the market for quite some time and might not be selling due to several factors: overpriced, location, and quality of home.
Pricing your home right is so important!  It’s just not picking a figure out of thin air hoping that someone will bite.  Start by picking a realtor who will be your trusted advisor and knows the market. They will do a market analysis and compare the pros and cons of each of your competitors.   Once you have a price down, now comes the time to get your house ready.  Declutter, clean up yard, get it pre-inspected and fix anything on report.  What kind of marketing will your realtor do? Will your realtor return calls in a timely manner?  These are just a few important questions to ask.
Want to know what your home is worth?  Call me for a free market analysis.  I’m here to help. The picture is out my window in downtown Mancos!