QUESTIONS TO ASK A POTENTIAL CONTRACTOR FOR HOME RENOVATIONS

QUESTIONS TO ASK A POTENTIAL CONTRACTOR FOR HOME RENOVATIONS

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Doing home renovations can definitely be a tiresome venture, which requires a lot of time, effort and, certainly, money. This is the reason why many homeowners decide that it is much easier to just hire someone to do this for them, while they are safely away from all the commotion and someone in charge of the renovations if needed, click to read more about custom homes.

Then you hire a contractor. However, what many of them do not realize is that you have to approach the contractor selection carefully. The future of your home is at stake – it would be unreasonable to offer the renovation job to a contractor that you have heard of in the newspaper for the first time.

In order to make a choice, you have to ask all the candidates some questions and make your decision in accordance with the answers. To help you, I have selected a few questions that have allowed me to make a decision when I was renovating my house.

HOW HAVE YOU BEEN CONDUCTING BUSINESS IN THE PAST?

This question is aimed on finding out more about the history of the contractor. You will have to dig deep to find all the information that you need, but it will be worth it, because it will show you whether you are putting your house into trusting hands. You should be interested not only in the jobs that the contractor has taken in the past (and their completion, successful or unsuccessful), but also whether they are licensed to work in your state, are the payments to the employers regular, do they pay workers’ compensations, etc. Another thing that you would be wise to check is whether someone has filed a lawsuit or pressed legal charges against the contractor, because that will give you an idea how reputable they are.

IS THERE A TIME FRAME?

If you ask any of the contractors to provide you with the time frame (when they will start and when they think everything will be finished), they should be able to provide it for you, without much effort. Even though no one can provide you with definite, 100% accurate time of completion, they should be able to give you a rough estimate. Also, be sure to ask how long the cleaning up will take, as that is also one of the contractor’s obligations and should be done quickly and efficiently. Once you have selected one of them, you should make sure that everything is going according to plan by visiting the house twice a week and asking about the progress. You can, also, be constantly present there and watch it unfold everyday (if you have nothing more important to do).

HOW MUCH MONEY WILL THIS COST ME?

This one is fairly obvious, I must say. Normally, you will be interested in how much it all costs, because that is the primary concern of every home owner. The reason why I have put this here is to tell you that you need to ask each and every one of them this same question. You might get the same offers from a few of them, but you will also see that there are some who are much pricier, as well as those who are much cheaper than the others. Do not dismiss these. Instead, see why they have set such prices and go through their suggestions. It might happen that those who ask for more money have seen some structural weaknesses that others have not and they require more money for fixing those.

DO YOU FOLLOW AND OBSERVE ALL THE RELEVANT SAFETY CODES AND REGULATIONS?

This one might seem like it is none of your concern. Why would you care whether the workers will be properly protected? Well, because it is possible that, should some of the workers get injured while working on your house, you might be deemed guilty for it and you might be held financially responsible. I do not want to mention that having someone injured on your property can be seriously disturbing. Broker or severed limbs, deep cuts and similar injuries can be quite gruesome and the image could stick with you for the rest of your life. So, make sure that the contractor that you hire has a quality management plan that will ensure the safety of the workers. Also, make sure that this plan is being conducted on site and that it is not there just for show.

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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GETTING A MORTGAGE WILL BECOME HARDER IN 2014 – IS IT TIME TO REFINANCE YOUR MORTGAGE?

GETTING A MORTGAGE WILL BECOME HARDER IN 2014 – IS IT TIME TO REFINANCE YOUR MORTGAGE?

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Getting a mortgage will become harder in 2014 - Is it time to refinance your mortgage?

According to recent reports, the mortgage loans will be harder and more expensive to get next year. Not it’s up to you to blame or thank Uncle Sam for that. You must be thinking why you would thank Uncle Sam for that; well because he’s trying his best to avoid yet another housing price crash or the big bank bailout in the near future. The US government might even hit the home borrowers with different issues in 2014 and therefore there are experts who are recommending people to refinance their mortgage loans right now so that they don’t have to be subject to outrageously high interest rates in 2014. The Federal Housing Finance Agency forced Fannie Mae and Freddie Mac to increase the fees that they charge to guarantee mortgages. These new fees would actually be passed down to the consumers beginning early in 2014.
The incoming head of the regulatory agency postponed the hike in the fees, as per the Wall Street Journal, Mel Watt and he said that he wants to evaluate and determine the rationale for the plan. If he approves it, the new borrowers will soon feel the pain. A homebuyer with 720-740 credit score who borrows a mortgage loan amount of about $20,000 and puts down 10% will face a whopping increase in the percentage of upfront fees. The change, that is combined with a smaller new fee can even add about 0.36% to the interest rate of the consumer who pays on that loan.

Why is Uncle Sam being such a mean-hearted person?

The perennial question among the consumers is why is Uncle Sam being such a meanie? It might be because Freddie Mac and Fannie Mae guarantee the majority of the mortgage loans and the government controlled agencies need a federal bailout 5 years ago. On the other hand, the government wouldn’t rather go through that again. By raising the cost of Freddie and Fannie backed loans, theprivate mortgage loan market is encouraged and developed. Getting a market going for all those smaller loans would ease the government away from the mortgage business.

Is this the right time to refinance your mortgage loan?

After record-low interest rates on your mortgage loans, the current rates are gradually rising out of control and hence this is the reason why the experts believe that it is the right time to refinance yourhome loan in order to avoid the high rates and fees in 2014. Here are some tips that you need to take into account before refinancing your home mortgage loan.

  1. Improve your credit score: The first tip to take into account is to improve your credit score so that the lender doesn’t feel that you were not good at managing your finances in the past. The credit score is nothing but a 3 digit number that speaks a lot about your financial health and tells the lender whether you’ve been timely while making payments or you’ve been late at making payments.
  2. Lower the DTI ratio: The ratio between your debt and income is yet another factor that you need to take into account. The higher is your DTI ratio, the higher will be the chances of obtaining a mortgage loan with a high interest rate. Pay off your debts and reduce your DTI ratio so that you can get a loan within your means.
  3. Save enough money for the down payment: When you have to take out a mortgage loan, you have to pay down a certain amount of the loan amount (usually 20%) and if you don’t pay this amount, you might have to qualify for PMIs or the Private Mortgage Insurance payments. You should save enough money so that you can get a mortgage loan at an affordable rate.

Therefore, when you’re someone who is about to take out a new mortgage loan to repay the existing mortgage loan and is planning to wait until 2014, you should change this decision. Take into account the above mentioned statistics so that you can make a better informed and measured decision.

Find your next Boulder Colorado home here!

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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CABIN DECOR: MODERNIZING THE CLASSICS

CABIN DECOR: MODERNIZING THE CLASSICS

 

foxtail-residence-big-sky-log-cabin-great-room

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How should a cabin be decorated?  Should its space be defined with the typical “log cabin home” look?  A theme of strong woody designs, crafted out of pine or cedar, or should it be more subdued, inspired by nature but not presented in such an overwhelming way?  These can be challenging questions to answer when faced with decorating a cabin (or any space, really).  Of course, an alternative question you could ask yourself, while considering a look for your cabin is: clichéd or inspired?

Clichéd might sound harsh, but it’s true.  For some curious reason, when people decorate cabins, there is an insistence on a very established look.  It’s not necessarily the cabin-owner’s fault.  There are far too many resources, whether is one of the countless style magazines or a blog (though, not all blogs…), that seem to insist that cabin be decorated in a clichéd, overused look.

Is there anything wrong with these styles and themes?  Absolutely not.   Some spaces can look perfect using one of these themes or even a mix and match.  The cabin lends itself to the looks especially if it’s a cabin built with a more classic timber look.  However, consider stepping out of the ordinary and a comfort zone perpetuated by style magazines and do something unexpected and imaginative…

Timber – Since timber is one of the most classic cabin looks and one of the more au naturel types of furnishings, it can prove a challenge to modernize.  It doesn’t mean you shouldn’t accept the challenge.  Try different types of woods outside of the norm.  Or different shapes with Live Edge Furniture.  Don’t be afraid to play with your wood.

Rustic – Rustic style is much more difficult to pin down in terms of what it actually is.  For some it might be an antique look, for others, it could be the timber look.  For me, its vintage inspired.  A look of old style cabin living, pre-World War II.  Why World War II?  Consider recycling or repurposing antique metal furnishings.  It might take a bit of work, but you’ll have a space exuding old world charm.

Nature – Nature patterns and décor tend to be the most “blah” when it comes to cabin interior design.  It’s the clichéd of the clichéd.  Some people insisted upon it as it ties together the indoors with the out, but it’s a style and theme that can become tacky in an instant.  Prints, patterns, sculptures, and molds should be used sparingly, to accentuate, not dominate.  Creating a balance and to use restraint is the way to bring this style into the modern cabin environment.

Stone – Stone as furniture tends to be under-appreciated.  One of the downsides, of course, is it can be heavy, but a stone slab coffee table can’t be beat (except by paper).  Now, would you consider a stone chair?  Probably not, but I’d certainly be willing to give it a go.  Realistically, stone works better as an accent, used to a minimal extent, primarily due to its weight.  However, if you can get away with it, give it a try.  Stone accents wood cabins beautifully and if you can get it locally, the better.  Tie your cabin to the world around it.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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REAL ESTATE-HARD TO SELL BY OWNER

 

REAL ESTATE-HARD TO SELL BY OWNER

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SELLING YOUR HOME ON YOUR OWN MAY BE HARDER THAN YOU THINK!

Here are some points to consider:

You may place the security of your home and yourself at risk. Ads and “For Sale by Owner” signs tend to invite just anyone to inspect your house. You have very little control and no opportunity to pre-screen potential buyers.

You may not know the marketplace well enough to establish the best price for your home. If it is too high, you may lose buyers. If you ask too little, you stand to lose a great deal of money. Partnering with a Chicago property management expert can help you determine the optimal price and strategy for selling your home.

Coordination of arrangements and the paperwork involved with a home sale requires many hours, especially if you are not well versed in real estate and the law. You also stand a chance of making costly mistakes.

You may have limited advertising resources. Without good advertising and professional help, your home may be on the market for too long to get top dollar. That makes it harder to sell even if you do ultimately decide to list it with a REALTOR. People may think it hasn’t sold because there is a problem.

Buyers often need assistance with financing. That’s a job best left to a trained professional. Unless you are skilled in the art of compromise, you may not be able to effectively close your sale. The “give and take” aspects of the sale of a home must be skillfully negotiated before a transaction is successfully completed.

Believe it or not, buyers don’t like to deal directly with home sellers. They aren’t comfortable asking questions or pointing out discrepancies since insult or confrontation may result.

Oro Valley Real Estate-Hard to Sell By Owner

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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3 REASONS WHY YOU NEED A MONITORED HOME SECURITY SYSTEM

3 REASONS WHY YOU NEED A MONITORED HOME SECURITY SYSTEM

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Have you ever been burglarized?

Burglary, also known as invasion or intrusion, is the unlawful entry of a structure to commit a felony or theft. Burglars spendless than 60 seconds to break into a home. 90% of convicted burglars avoided homes with alarm systems. An audible alarm accounted for approximately 74% of incomplete burglaries.

A reliable monitored home security system can provide security and safety for your home and loved ones. A monitored home security system alerts a call center when the alarm is triggered. The alarm activation is sent by land line, cell phone, or internet signal to a live operator who contacts you and/or local authorities.

A monitored home security system provides three significant benefits when it comes to protecting your home:

  1. Reduce the risk of burglary: A home protected by a monitored security system is 3-4 times less likely to be burglarized.
  2. Save money: According to the National Association of Insurance Commissioners, with an average insurance premium of $800, a basic monitored home security system could pay for itself in as little as 3 years. You could save as much as 20% on home insurance. Contact your home insurance provider about receiving a discount.
  3. Have peace of mind 24/7: A monitored system works whether you are at home or away. An unmonitored system relies on your neighbors to call the police if you are not home when the alarm goes off. While you may save on monitoring fees, an unmonitored system depends on your neighbors to hear the alarm and contact the police.

Customize your monitored home security system with additional sensors and detectors. Protect your home from dangers such as carbon monoxide, fire, heat, smoke, flood, and freezing temperatures. Consider security doors Mandurah, medical alert monitoring, door and window sensors, sirens, photoelectric sensors, glass break detectors, motion detectors, and wireless accessories.

Choose alarm monitoring companies that offer competitive prices, ample testimonials, UL listed central monitoring station, specially trained dispatchers, and the highest rating with the Better Business Bureau.

Protecting your home with a monitored home security system is worth the investment. Make sure every household member takes time to learn how the security system works. Proudly display your alarm company’s signs and stickers to deter burglars from targeting your home. So with the help of Quick Locks you can secure your homes as well.

How do you protect your home?

View additional facts and information on home safety at:

Alarm.Org

Home Security Store

HouseLogic

Photo Credit

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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SHORT SALE HELPFUL TIP

SHORT SALE HELPFUL TIPS

 

Q: How long do I have to wait to buy a new home after I have had to do a short sale on a previous home?
A: Maybe not as long as you think. It is totally dependent on your own personal situation. In general terms, for Federal Housing Administration loans, there’s a three-year waiting period from the short sale closing date, and homebuyers can get a mortgage with as little as 3.5 percent down. Those who qualify for a Veterans Affairs loan have to wait two years and are not required to make a down payment. It is important to find out what your situation is currently. Talk to an expert in the mortgage industry to get your personal plan started so you can buy soon.

Q: What are the first steps to getting ready to purchase again?
A: Use your annualcreditreport.com, which is an annual credit report you can get for free. Check to make sure all your current debt is up to date and that all accounts are reporting correctly. If not, use this time to contact those old debts and correct any owed balances or incorrect reporting.

Q: Will a large down payment be required when I do want to enter the housing market again?
A: Not necessarily, it depends on the situation. If you qualify for an FHA mortgage, your down payment may be as low as 3.5%. Get with an expert mortgage consultant to talk about your specific situation and options for your future home purchase.

Q: Is there any difference in getting back into the market, if the short sale was an investment property or a primary residence?
A: When it comes to getting back into the market and qualifying for a mortgage loan, a short sale is a short sale. The qualification in regards to down payment, time you need to wait, and credit are the same no matter if the property you originally had a short sale on was an investment on a primary residence.

Short Sale Helpful Tips

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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IT’S NOT DEJA VOUS ALL OVER AGAIN….

IT’S NOT DEJA VOUS ALL OVER AGAIN….

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I recently saw a real estate story here at the RealtyTimes site with the headline – Broke and Buying:Financial Options for Buyers with Money Problems. The story was written by another Realtor® and actually had good advice for people who might need a little assistance with a home purchase; so, that was a good thing. It was the headline that was annoying. Now, I know that one is supposed to use a catchy headline to grab the attention of would-be readers; but, it’s the mentality that one can be broke and still buy a home that got us into trouble the last time. Remember the housing bubble and the Great Recession?

The hope and belief that anything and everything is possible in America is one of the bedrocks of our success as a nation; however, there has always been a concomitant belief that one achieves those dreams and desires through hard work and perseverance. It is when we stray away from those accompanying values of achieving dreams through effort and begin to see the things that we want as entitlements that we step onto the slippery slope of failure and disaster.

I know that the word “entitlements” is fraught with heavy political and moral baggage; but it is used correctly here. The dream of owning one’s own home is strong and pervasive in our society, but it is not something that everyone is entitled to, whether they can afford it or not. It is not something that society owes to anyone. It is something that must be striven for and achieved through hard work and perseverance.

Hopefully the lenders learned enough of a lesson from the Great Recession not to repeat the scenarios that we saw prior to the collapse, where anyone who could fog a mirror could get a mortgage loan. I suspect that the majority of them have; however, there’s always a fringe element willing to take advantage of any situation and we are starting to see those ads that holler out, “No money, no problem!” I certainly hope we are not seeing Deja Vous all over again.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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What to Do for New Year’s Eve in Boulder Eve

What to Do for New Year’s Eve in Boulder

New Year's Eve BoulderWhether you want to have a casual night with friends or go all out and have a night to remember,  New Year’s Eve in Boulder can be anything you want it to be. Here are several of the events that are going on December 31st, 2013.

Absinthe House New Year’s 2014

With eight (count ‘em, eight) international DJs playing, party favors and a champagne toast at midnight, this party combines class and a full blown party right downtown. Tickets are between $15-$35 and you can get them here.

New Year’s Eve James Bond Ball

Have a shaken, not stirred sort of New Year’s Eve at the Boulderado. That’s right, the hotel is going 007 this year and the James Bond Ball offers all of the luxury that any secret service agent is accustomed to. Dine, drink and dance the night away and then simply go upstairs to your room at the Boulderado after you’ve polished off all the champagne you can handle.

Millennium Harvest House Hotel New Year’s Party

Again, a hotel party, so you can rent a room and sleep in the day after living it up the night before. This year, they’re featuring the band “Soul School” so that you and your guests can boogie the night away and celebrate midnight with a champagne toast. There’s a whole bunch of ticket packages including the top package that includes four hours of open bar access.

SALT New Year’s Celebrations & Libations

For the foodies out there, enjoy a prix fixe four course meal, drinks and dancing with Hot Club of the Pearl Street Band. There are two dinner times, so if you prefer to have an earlier dinner and then continue on elsewhere to ring in the New Year, you can do that as well.

NYE AT THE FACTORY: A SPECTACLE IN POP, SILVER & POLAROID

The Boulder Museum of Contemporary Art is hosting a New Year’s Eve Warhol-themed spectacular. The annual fundraiser will transform the museum into the artist’s iconic NY-based Factory. Pop-era costumes or clothing and accessories are encouraged and there will be a photobooth for guests to commemorate their evening.

New Year’s Eve Dance Party at the Avalon Ballroom in Boulder

Why ring in the New Year when you can swing in the New Year? At least one of the four rooms that will be hosting dancing music will be playing swing. Other rooms will play salsa and batchata and couples dancing. There will be performances and lessons throughout the evening and this event is BYO! So feel free to bring your own snacks or booze.

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

The 6 Types of People That You’ll See on Pearl Street Mall in Boulder

 

The 6 Types of People That You’ll See on Pearl Street Mall in Boulder

boulder pearl street mallThere are very few places in Boulder as iconic as the Pearl Street Mall. Officially dedicated on August 6, 1977, the Mall is home to some of the most colorful characters in Boulder.

It’s a great place to just grab a coffee and a bench people watch for a while. I’m fairly certain you’ll see at least one of these types of folks walk by.

Overly Caffeinated Guy

Speaking of coffee, with a raft of coffee shops both on and surrounding the Pearl Street Mall and given the fact that about 50% of all business meetingstake place in coffee shops, there’s at least a handful of guys or gals walking around Pearl Street with caffeine sweats, looking like their heart might beat out of their chest and their eyes might never close for sleep again.

Not Very Good at Percussion Instruments Guy

Fact: At any given time, there are about three drum circles happening around the Mall.

Fact: Only one of them is any good. For some reason, the guy rocking the bongos doesn’t seem to have any natural rhythm. Or if he does, it’s marching to a completely different beat than every other person in the drum circle, or the Mall for that matter.

Multi-Tasking Entrepreneur

With so many startup companies and coworking spaces located inDowntown Boulder, it’s safe to assume that 84% of the people you see walking around on Pearl Street are involved in some way with either a freelancing business (design, writing, programming or marketing) or a “lean” startup. You can usually pick them out of the crowd because they’re on their phone switching between calls, texting and emailing while walking with another entrepreneur discussing business (they tend to flock together).

Worried Parents of a College Student

They’ve seen the beautiful campus and toured CU facilities. They were informed of the prevalence and near legality of marijuana. Now their children are taking them for a tour of downtown. You can see the fear in their eyes grow with each bar they pass. Their eyes widen as they realize the actual cost of having a child attend CU Boulder: Gourmet eateries, boutique thread and upscale coffee houses. Sometimes you can almost tell that they’re trying to calculate the cost of a second mortgage on their house.

Incredibly Talented Street Performer

Boulder’s Pearl Street Mall has been host to many extremely talented buskers over the years (and some untalented ones. See also: Not Very Good at Percussion Instruments Guy), and some have gained local celebrity with their performances. “Zip Code Guy” performed downtown for years and never stopped amazing people. There was a Jamaican contortionist who could fit into tiny little boxes. Not to mention the wealth of musicians who seem just way too good not to already have found world fame and fortune.

Business Casual Dreadlocks

The epitome of everything that is Boulder: Organic, cruelty-free vegan party up top and high-octane business leader on the bottom. This person has a purposeful, perfectly manicured mane of dreaded locks, but dresses to the nines in designer styles that have been tailored to fit their body to a T. On occasion, the outfit will have just a little bit of climbing chalk stuck to the outside of the pants pockets.  It is the most confounding duality you might ever encounter and it’s something hard to find outside of Boulder.

This is really what Boulder is all about. It takes the rustic beauty of the Rocky Mountain majesty that lies on its doorstep and pairs it with a bustling, young city full of brainiacs and full force entrepreneurs and the outcome is like no other city in the US, which is why we are all happy to call Boulder home.

 

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

10 REAL ESTATE MARKET TRENDS TO WATCH FOR IN 2014

10 REAL ESTATE MARKET TRENDS TO WATCH FOR IN 2014

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Photo Seattle, Washington

The US real estate market was the comeback kid in 2013. Low inventory, historically low interest rates, increasing home values, and consumer confidence spurred the housing recovery in 2013.

In 2014, the continued recovery is expected to be slow and steady. Robert Denk, the assistant VP for forecasting and analysis of the National Association of Home Builders (NAHB), states that we are “past the point where we are digging out of holes and repairing the carnage of the housing markets. It’s no longer about the boom and the bust. Now it’s about the underlying (state and regional) economies and how that is supporting the housing recovery.”

So what’s in store for 2014?

Here are 10 real estate market trends to watch for in 2014!

1) Home Prices Increase: Most markets are already seeing home prices normalize close to pre-recession prices. Moderate home price increases are expected in 2014 with increases averaging 3-5%.

2) Mortgage Rates Increase: NAR is forecasting 30-year fixed mortgage rates to hit 5.4% by the end of 2014. While rates are on the rise, homebuyers are more likely to secure a mortgage next year.

3) The “Renter Nation” Persists: The “renter nation” will continue its reign in 2014. Millennials will still struggle to become homeowners in 2014. Burdened with substantial student loan debts, this generation will continue to represent a large portion of the multifamily and single-family rental markets.

4) Millennial Move: Austin, Seattle, Portland, and the Twin Cities in Minneapolis are seeing all real estate sectors influenced by this generation.

5) Inventory Returns: More homes will be entering the market in 2014. Projected declines in negative equity rates and increasing home prices are freeing more homeowners to sell.

6) Distressed Property Sales Decline: NAR expects distressed property sales will fall to about 8% of the housing market by the end of 2014.

7) Sluggish Job Growth Continues: Cities with low unemployment rates will experience stronger housing recoveries than those areas still struggling with slow job growth.

8) “Smile Investing” Returns: Investors will begin in the Northeast, move south to Florida, Texas, and Arizona, then move back up to the Northwest. Expect more housing activity in these areas and less in the Midwest.

9) New Condo Development Put Off: The condo market hasn’t seen the same recovery as the single-family market. Investors are developing rental apartment buildings with the option to convert to condos depending on market conditions.

10) The Seller’s Market Rules: Sellers are in a prime position early 2014 before mortgage rates and home prices rise to their projected amounts by the end of the year.

Do you agree with these trends?

What do you expect to see in your local market?

For more real estate trends for 2014 click on the links below:

CBS News

Emerging Trends in Real Estate: Urban Land Institute 

First Option

MSN Real Estate

NABH

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.