From: "Kelli Bennett" <kelli+kellisells.com.57@346887.emcampaign.com>
To: <_t.e.s.t_@example.com>
Subject: 2018 Summit County Wrap Up
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2018 Summit County Real Estate Report
2018 was a year of fast paced sales, increasing prices and continuing
low inventory. As of the beginning of this year, the total inventory of
properties for sale is down as compared to last year and, at the same
time, new listings are starting to increase in activity. Properties that
are priced right are still selling quickly and values continue to
increase.
**Residential Sales**: It took 51 days on average to sell a property in
2018, down by 11 days from 2017. The average sold price went up 9.7% or
$67,919 as compared to 2017.
**Single Family Home Sales**: The average sold price for a single family
home in Summit County was $1,223,589, an increase of $57,126 over 2017.
It took a little longer to sell a home in 2018 than a condo-the
average days on the market dropped to 22.
**Condominium Sales:** The days on the market for a condo dropped in
2018 to an average of 35. A buyer could purchase a condo for an average
price of $484,619 in 2018, which is a 14% increase over the previous
year.
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Flexibility Is the Watchword for Today's Homes
Many of today's homeowners want rooms that serve multiple purposes and
homes that serve multiple generations.
Formal dining and living rooms are less desirable. Common layouts now
include a great room that serves as both living and dining room with an
adjacent kitchen. Also popular are suites that adjoin the main house: a
one-bedroom living space that includes a kitchen and bathroom, and can
function as a teen suite, college student's pad, home office, studio, or
in-law apartment.
The suite can serve whatever purpose the homeowners need. As parents age
or adult children bounce back home, the layout offers living
arrangements to accommodate a variety of situations, creating a space
that allows the property to meet homeowner needs, not just for many
years but for many generations.
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Negotiation: There's More to it Than You Think!
When you think of real estate negotiations, what comes to mind? For most
buyers and sellers, price tops the list. While this is certainly an
important part of any real estate deal, did you know there are at least
six other areas of potential negotiation?
**Closing costs**: In addition to the price of the home, buyers must pay
closing costs that cover lender fees and other charges. Buyers may ask
sellers to help pay for these costs either with a flat dollar amount or
a percentage of the fees.
**Closing date**: Do you need to close on a home quickly? Perhaps you
need a little more time to search for your next home. There are also
advantages to closing at the beginning and/or end of the month.
**Personal property**: What will be included with the four walls and
roof? Negotiations can determine whether the seller includes the washer
and dryer, kitchen appliances, and even items such as living room
furniture or that pool table in the basement.
**Contingencies**: Many real estate contracts are contingent on
financing or other home sales. The buyer may need to complete lender
requirements by a certain date or complete their current home sale
before the contract is in full force. These details must be worked out
and agreed to up front.
**Home repairs**: Most contracts include a stipulation that the buyers
can complete a home inspection. Once the buyers receive this report,
they can ask the sellers to fix items that are found to be in disrepair
or need to be replaced. Each of these items must be negotiated.
**Home warranty**: This can be provided as an incentive to buyers to
offer peace of mind. It can be particularly appealing for older homes.
It typically provides coverage for the home's HVAC system, appliances,
and other major items in the event that they need to be repaired or
replaced soon after the purchase.
Does this sound like a lot to negotiate? It is. Fortunately, we real
estate agents are expert negotiators and can handle all of these points
for you. As your agent, I will work to make sure that your needs are met
and that you have the most advantageous experience, whether you are
buying or selling a home.
______________________________________________________________________
Wondering How Much Your Home Is Worth?
**How has the price of your home changed in today's market? How much are
other homes in your neighborhood selling for?**
If you're wondering what's happening to prices in your area, or you're
thinking about selling your house, I'll be able to help.
Just call my office at 800-289-7005 or email me at kelli@kellisells.com
for a professional price analysis. There
is absolutely no obligation.
I'll give you honest feedback about the value of your home. And I'll
also give you the inside scoop on what's happening in the housing
market in Breckenridge, Dillon, Frisco, Silverthorne and Keystone.
______________________________________________________________________
**Kelli Bennett**
RE/MAX Properties of the Summit
220 South Main Street
P.O. Box 4600
Breckenridge CO 80424
970-390-9311 Cell
800-289-7005 Office
970-453-7365 Fax
www.kellisells.com
kelli@kellisells.com
License # 40008935
Breckenridge Events
Jan 16-Feb 17. "Almost Maine" at the Breckenridge Backstage Theatre.
Jan 21-30. International Snow Sculpture Championships. 16 teams from
around the world descend on Breckenridge to hand carve 20-ton blocks of
snow into enormous, intricate works of art. Artists are only allowed to
use hand tools, creativity, and inspiration to bring their ideas to
life. No power tools allowed! Teams sculpt countless hours across five
days (totaling around 96 hours), resulting in a temporary outdoor art
gallery in historic downtown Breckenridge.
______________________________________________________________________
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______________________________________________________________________
Ask Kelli:
**How much will an agent charge me to find my dream home?**
As a buyer, your agent will ask you for details regarding the type of
home, price, and location you desire. The agent will then partner with
you to find your perfect home.
Once you find that dream home, your agent will work with you to write up
an offer, negotiate the sale, and walk you through all the final details
of closing.
And as the buyer, you pay nothing.
The sellers pay their listing agent a commission of the sales price. If
another agent supplies the buyer, the two real estate agents split that
commission.
The seller pays for your agent's time and efforts. You simply get to
benefit from them...and enjoy your new home.
This newsletter and any information contained herein are intended for
general informational purposes only and should not be construed as
legal, financial or medical advice. The publisher takes great efforts to
ensure the accuracy of information contained in this newsletter.
However, we will not be responsible at any time for any errors or
omissions or any damages, howsoever caused, that result from its use.
Seek competent professional advice and/or legal counsel with respect to
any matter discussed or published in this newsletter. This newsletter is
not intended to solicit properties currently for sale.
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RE/MAX Properties of the Summit, 220 South Main Street, P.O. Box 4600, Breckenridge, CO 80424, United States