The United States housing market is experiencing a significant reduction in foreign buyers. Windermere Chief Economist, Matthew Gardner, cites several factors that could be contributing to this trend and offers his opinions as to what to expect in this recent Market Update.
After last year’s wildfires, some of the largest and deadliest in recent memory, spread along the west coast, homeowners are on edge as to what this fire season will bring. The questions of whether their home will be burnt, or if they will be affected by poor air quality, hang in the air much like the smoke of a nearby fire. Accompanied by heatwaves hitting much of the U.S. these fears can turn into realities just as quick as a spark in brush. Luckily there are ways to prevent damage and to prepare for anything coming your way.
Be prepared with fire insurance
Are you currently protected in case of a fire? Make sure to talk with your insurance agent and work on a plan to insure your home.
Questions to ask them are:
- What is covered should our home be destroyed in a fire?
- What kinds of documentation do we need to do in order to get the full benefit of the insurance?
- It’s usually a great idea to keep a log of what is in your home and how much it costs. Keep receipts and invoices if possible.
- Who at the company should we contact in case of emergency?
Be prepared with an emergency kit
Cal Fire has a comprehensive guide to all things wildfire preparedness. Here they suggest putting together an emergency kit that’s always ready in case of sudden evacuations. They recommend including:
- Map marked with at least two evacuation routes
- Non-perishable foods to last three days
- Prescriptions and medications. Also, eyeglasses or contact lenses.
- Change of clothes
- Toiletries and sanitation supplies
- And extra set of car keys, as well as credit cards, cash or traveler’s checks
- First aid kit
- Flashlight and batteries
- Copies of important documents like birth certificates and passports
- Food and water for your pet
- Chargers for cell phones and other devices
Some other items you might consider having close by are easily carried valuables, sentimental items like family photos, and computers or hard drives. Keep a sturdy pair of shoes and a flashlight near your bed for any evacuations at night.
Prevent damage by fortifying the building
You don’t have to re-do the entire garden to slow the fire down. Home Advisor recommends you create a balance of aesthetically pleasing flora and slow-burning plants that are less likely to ignite.
Additionally, keep your garden and property free of dry materials that are ideal for kindling either in your bonfire or for a wildfire. Not only does creating this barrier protect your home, it also gives firefighters a safe area to work from as they work to control the fire.
To see what plants to use and other ways to fireproof your property, visit HomeAdvisor.
Build or remodel with flame-resistant materials
Materials like brick, stucco, metal, or concrete are great exteriors that can prevent the fire from taking hold of your home, at least initially. If your home is already built with one of these materials, the weak points might lie in your extremities like your deck or porch. Consider re-building these with fire-proof materials or add a coating to protect them.
Additionally, protect the most vulnerable areas of your home, like your windows and any air vents. Add retractable fireproof panels to your windows or replace the glass with wire glass or fire-proof safety glass. Don’t forget your skylights or windows on your doors.
Amazing home at 5439 Brookline Dr next to community open space in popular Timnath Ranch! Featuring a wide-open floor plan, your new home boasts a sprawling kitchen with granite counter-tops, hardwood floors and tons of storage. Large family room with fireplace, formal living and dining rooms, and main level bedroom/office. On the second floor you’ll find a huge loft and the beautiful master suite with a 5 piece bath. Large front porch and expanded back patio for entertaining and relaxing. Around the corner from a town park and Bethke Elementary. Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.
Awesome year round home at 22 Tracy Trail Road in Loveland just off 34, only 2 miles up from The Dam Store! It is up the hill (so not in the floodplain according to the maps) and that gives you great views of the canyon off to the large restored deck. Updated kitchen and bath, new plumbing and well pressure tank. There is a brand-new roof and newer windows. Enjoy mountain living with an updated home, garden boxes to add to the wild flowers that already grow all around the home. Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
For home sellers who would like to move to a new home this year, there is a window of time that is closing as we head into the Fall months.
Most people know that the Spring and Summer are the most active months for real estate and that activity trails off into the Fall and Winter.
Here are the specific numbers behind this…
The number of homes sold along the Front Range in November tends to be between 15% and 29% lower than September.
That means the best window of time for current sellers to obtain a contract from a buyer and close by the end of the year will occur over the next 45 days.
For sellers who have homes on the market today, it is time to ensure that:
- The home is priced right versus the competition
- All of the marketing elements are in place
- It is easy for a buyer to make an offer on the home
Do you want an investment property with an amazing central Fort Collins location, new exterior paint, and fresh landscaping? Well you’ve found it! This property at 400 West Swollow Road in Fort Collins is pre-leased for $1900 per month until July of 2020. Has great potential past that for an owner occupant or continue to take advantage of the location close to the Max and the new Foothills mall to get premium rents! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
This home at 2602 Canby Way unit B in Fort Collins features a sprawling living room with three sided fireplace, main floor master suite with a 5 piece bath, and a large kitchen with eat-in dining. Walk-out basement with large kitchenette, rec room, bedroom and bath! Brand new roof, new furnace, new AC, newer carpet and paint. An excellent centrally located home and terrific value! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.
So how much real estate is sold in Northern Colorado?
As it turns out, a lot!
Last month alone there were 1,099 single family homes that sold in Larimer and Weld Counties
The average price was $429,144 which means the total sales volume for one month was $471,629,129 (almost a half a billion)!
Over the last 12 months, just over $4.5 billion worth of single-family homes have sold.
That’s a lot of real estate!
This home at 5684 Connor Street in Timnath in pristine condition features a main floor guest suite and a gourmet chef’s kitchen with granite counter-tops, stainless steel appliances, 36″ gas cook-top and hood. Upstairs features a master’s retreat with a sitting room, 5-piece bathroom suite, dual walk-in closets and views of the greenbelt and mountains. The great room and open kitchen layout allow space to entertain and enjoy the outdoors with an over-sized covered patio. Contact Chris Guillan at (970) 310-9357 for your private showing for more information or click the link below for more details.
This beautiful home at 3915 Oak Shadow Way in the very desirable Mcclellands Creek neighborhood in Fort Collins has plenty of finished space with room to grow. This home has plenty to offer including a beautiful gourmet kitchen, a “Mother-In-Law” suite on the first floor, first floor office and a second floor loft. Enjoy the custom back patio and the gas fire-pit! Contact Lindsey Crisanti at (970) 420-4498 for your private showing for more information or click the link below for more details.