Montrose Co Real Estate
Montrose CO Real Estate Blog

How to Choose the Right Neighborhood for Your Needs

Neighborhood park for real estate buyers with children - Atha Team BlogLocation really matters when it comes to real estate, and you want to get a house in a neighborhood that’s right for you. Montrose is a great place to live, work, and raise a family. But some of the neighborhoods are different from others. Depending on your income, the style of house you want, and a number of other factors, you may prefer a certain neighborhood over others. Because of that, you want to know how to choose the neighborhood that’s right for you and that will meet  your needs, now and in the future. While neighborhoods can and do change over time, they also stay somewhat the same. Moving into the right one for you can keep you happy in your home for a number of years.

Consider Your Current and Potential Income

How much you make dictates where you live to some extent. But that doesn’t mean that everyone with a high income wants to max out their home-buying power, or that people who don’t make as much can’t find nice homes. There are opportunities for great homes in Montrose, CO for nearly all income classifications. Additionally, when you’re looking at your neighborhood, you may want to focus on the best one you can afford, or choose one that is up-and-coming, where the property values are rising. That can help you build more equity and value in your home over time.

Do You Have, or Plan to Have, Children?

Centennial Middle School Montrose ColoradoIf you have children, or if they’re in your plans in the next few years, choosing a neighborhood with good schools can be very important. That way your children will get the benefit of a good education, and you can enjoy spending time with other parents who live close by. Not all parents are as concerned about school districts as others, but if you select a neighborhood based on the schools you could be more likely to find parents who share your vision of what their children’s educational experience should be. That can be good for your goals and dreams, and also for those of your children.

What Kinds of Activities Matter to You?

Everyone has things that are important to them. Whether you like to read, jog, shop, attend cultural events, or anything else, you want to be closer to the things you enjoy. Choosing a neighborhood based on what it has to offer or what is nearby can help you appreciate everything your location has to offer. There is plenty to do in Montrose, but not everything offered will be fun for everyone who lives there. Choose your neighborhood wisely, so you can get to the things that you appreciate the most and be further from other things that don’t really interest you. Having to drive a shorter distance, or even being able to walk to something, can make it more likely that you’ll get involved in activities and pursue your passions once you get settled into your new home.

 Thinking about Buying or Selling? Call or Text: 970-417-9375

Atha Team - Keller Williams Colorado West Realty LLC - Montrose, Ouray Ridgway

Copyright 2018 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2018. All Rights Reserved.

Montrose Co Real Estate
Montrose CO Real Estate Blog

6 Ways to Get Ready to Sell Your Home

Real estate buyers need home inspections Montrose ColoradoWhen it’s time to sell your home, you need to be as prepared as possible. That means finding the right real estate agent, but there’s much more to the issue than that. You also need to get the house itself ready, and make sure you’re prepared for what buyers may ask for as you move through the process. The more prepared you are the easier things will be for you to get your home sold and move on to what comes next for you.

  1. Clean, Clean, Clean

The cleaner your house is, the more buyers will feel like it has been taken good care of. That can lead them to buy your house over other homes they look at. If you don’t have time to clean or you have physical issues that prevent you from doing it, hiring an individual or a service to handle it for you can be well worth the money you’ll spend.

  1. Be Open to Showings On Short Notice

While it’s not always possible to show your house on short notice, the more you can do that the better off you’ll be when it comes to getting your house sold quickly. Getting your house ready to sell means having a conversation with your real estate agent about how often, when, and with what level of notice you can show your home. It often pays to be accommodating, if possible.

  1. Rearrange, Organize, and Declutter

Declutter your home for a faster real estate transaction - Atha Team

Moving furniture, clearing off tables, and getting rid of clutter all matter. The more open and welcoming your house is, the more buyers will generally like it. You also need to consider removing things that are tied to your family, such as pictures and specific knickknacks. If you have a lot of religious or political items, these should be put away, too. The more neutral and comfortable your home is, the more potential buyers can see themselves living there.

  1. Get That Curb Appeal Going

Curb appeal is so valuable when trying to sell your home. If your lawn needs mowed or the paint on the front door is peeling, it’s time to fix those things. That way you can catch the interest of buyers right as they pull up to your home. The more they like it from the beginning, the better your chances of keeping them interested as they move through the home.

  1. Think Carefully About What You’ll Accept

When it comes to how much you’re asking for your home, there’s generally some room for negotiation. If you’re not sure what you’d accept as an offer, that’s something to consider before you put your house up for sale. You don’t want to make snap decisions that you may regret, so think about what you’re willing to take beforehand.

  1. Make Any Obvious, Needed Repairs Before You Sell Your Home

A home inspection could turn up issues, and there are changes your buyers may want to make, but if there are needed repairs that are obvious to you, do them before you sell your home. That way it looks like you’ve taken good care of it, and buyers will appreciate that. It can make a difference in getting your home sold.

Michael Dunphy - Pillar to Post Home Inspection Montrose ColoradoMichael Dunphy

Pillar to Post Home Inspectors

75 Pinon Rd West Ridgway, CO 81432

970-640-5370

Email Mike

 

 

Atha Team Montrose CO Keller Williams Real Estate Agents

Copyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.

Montrose Co Real Estate
Montrose CO Real Estate Blog

Should You Check Your Credit Report Before Buying A House?

Order credit report before buying real estate in Montrose Colorado Copyright: <a href='https://www.123rf.com/profile_wirojsid'>wirojsid / 123RF Stock Photo</a>When you’re thinking about buying a house there’s a lot to consider. Finances are a large part of that, but while you’re focused on whether you have a down payment and how much the house costs, you might be neglecting something very important. You also need to check your credit report. Even if you’re never done anything negative that could show up on your report, credit bureaus can and do make mistakes. You want to catch any of those, and ensure that everything is accurate, before you start applying for a loan to buy a house.

How Do You Get a Credit Report?

You can get a credit report from one or all of the three main bureaus: TransUnion, Equifax, and Experian. You can also get them from free credit reporting sites, but make sure you’re choosing one that’s actually free, and doesn’t require you to sign up for monitoring or other services. If you want those kinds of options they are available, but you shouldn’t have to pay for them to get your report. They are free to everyone once per year, and many people get them from one credit bureau at a time, so they can get a report every few months. If you haven’t checked yours recently, it’s time to do that before you buy a house.

What Kinds of Things Should You Look For?

Look for anything that’s negative, such as late payments, charge-offs, over-limit problems, and settlements where you didn’t pay the full amount you originally owed. If these things are on your report and they’re actually yours there isn’t much to be done about them except to give it time. You can work on building good credit since that problem occurred, and if it has been a while since any credit troubles those issues may not affect your score too much. Sometimes a person with a very similar name or social security number can have accounts that end up on your report by mistake. Or you could have been the victim of identity theft. Either way, you want to make sure you get these incorrect items removed from your report so your credit score can be higher.

How Do You Fix Problems or Errors?

Real Estate Montrose Colorado - Atha Team Keller WilliamsIf there are negative items that don’t belong to you, you’ll want to dispute them. If the credit bureau can’t prove those items belong to you, they must remove them and send you a corrected report. Additionally, if you have items that belong to you but that you feel have been handled incorrectly, you can also file a dispute on those. While it may not get them removed from your report, it will allow you to tell your side of the story and will become part of your credit file. That can help anyone looking at your credit report and score decide if there are extenuating circumstances that will affect your ability to buy a house. This can work to your advantage in some cases.

 

Atha Team Montrose CO Keller Williams Real Estate AgentsCopyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.

 

Montrose Co Real Estate
Montrose CO Real Estate Blog

Is Refinancing Right for You? 5 Questions to Ask Yourself

Refinancing Your Home - Atha Team Real Estate Montrose ColoradoWhen discussing real estate in Montrose, CO, you’ll find it’s almost always more exciting to talk about buying a house than it is to think about the money. Still, refinancing is a topic worth discussing, especially since it can save significant sum over the years. Those savings could even lead you to a bigger and better house later, if that’s what you want.

Should you refinance? Consider your answers to these five questions to see if it makes sense for you.

1. Can You Get a Lower Interest Rate?

Interest rates have been on the increase lately. For most people, however, a refi only makes sense if it lowers the rate by at least 0.75 percent over the current rate. Doing so will cut your costs enough (in the long run) to make the closing costs and hassle worthwhile.

2. Can You Get Rid of Your PMI?

If you have an FHA loan and are paying monthly insurance premiums, having your home appraised may boost your equity. If you can get a high enough valuation that you have 20 percent equity, you may be able to get a conventional loan and kiss that extra payment goodbye. This could save you thousands of dollars per year.

3. How’s Your Credit Score?

If you don’t have an excellent credit score, you likely won’t get a good interest rate — and that can make your refinance much less valuable to you. If your credit score has room for improvement, continue making perfect payments to boost your score and reassess in six months.

4. How Long Will You Stay in Your Home?

It does cost money to refinance your loan, and those costs may or may not be rolled into the principal. Either way, it takes most people about 15 months to break even on the closing costs. If you plan to move sooner than that, your choice to refinance could actually end up costing you.

5. Do You Have a Home Equity Line of Credit?

Since a HELOC is also based on the equity built up in your house, you might need that lender’s permission to refinance. It gets complicated once you have more than one claim on the house as collateral, so you’ll need to do some research about your existing terms if you’re in this situation.

If you’re considering refinancing your Western Slope home, make sure you get great advice from a qualified loan officer. Just as you would work with a real estate agent to buy a house, so too should you work with a professional to get a clear picture of your finances before making the leap.

 

Gaye CoxGaye Cox NuVista Credit Union Montrose Colorado

NuVista Federal Credit Union

SVP of Construction and Morgage Lending

2711 Commercial Way, Montrose, CO 81401

970-497-5328

Email Gaye

NMLS: 502132

 

Atha Team Montrose CO Keller Williams Real Estate AgentsCopyright 2017 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2017. All Rights Reserved.