August Newsletter 2018

Courtesy of 
Christine Magno 
Broker Associate 
7192141474 (Mobile)
               
Why homeownership is important to Americans
Nearly every survey over the last 50 years shows that the vast majority of Americans consider homeownership to be part of the American Dream. It's still true today. A recent National Association of REALTORS® (NAR) survey found 87% of consumers said homeownership is part of their American Dream.

Homeownership remains the greatest source of wealth among Americans. Economists tell us that for every two homes sold, one job is created in the U.S. Every home purchased generates as much as $60,000 in economic activity over time. 

Also, Fannie Mae research shows that:
  • Homeownership creates safer, more stable neighborhoods.
  • Homeowners vote more often than renters, and they are happier and more satisfied then renters.
  • Children of homeowners do better in school, with higher test scores and lower anti-social behaviors.  
The bottom line: in America, homeownership matters. 
Make a great impression with sellers
When it's a seller's market, you can't always compete against an all-cash offer from a buyer wiling to close quickly. But there are some things you can do to make a great impression with sellers:
  • Making a higher down payment – 25 percent or more. Sellers will worry less that you won't qualify for a mortgage and know you are a serious buyer. 
  • Offering to make a larger earnest money deposit can impress: it signals you won't easily back out of the deal. 
  • Shortening the contingency period and not asking for large seller concessions shows you're committed to moving quickly. 
  • For the right seller, a heartfelt "buyer's love letter" may tip the scale in your favor. 
Sometimes it's not the highest-priced offer that wins the day, but a buyer willing to go the extra mile.  

New to the Market
11371 Rill PT, Colorado Springs, CO 80921
$393,500
3 Bedrooms  |  3 Bathrooms  |  2,158 Square Feet  |  Listing ID 4615298
Great new build with stunning Front Range views. Best lot in the neighborhood and walk-out basement. Located close to shopping and entertainment. Inside you a greeted by stunning interior with tall ceilings in the open great room. The living/dining room combo has a gas fireplace and large windows. The kitchen has granite counters, counter bar, and stainless steel appliances. A large pantry offers lots of storage space and the kitchen walks out to a trek deck. The raised back deck has amazing views of the Front Range. The main level master features an attached bath with a double vanity and a tiled shower as well as a large walk in closet. The large basement family walks out to the back. There is also a full bathroom and two additional bedrooms, one with a walk-in closet, in the basement. The house has a smart doorbell system as well as a smart thermostat.


Learn More
Will a new Starbucks nearby increase the value of your home?
Does the value of your home depend on how close you live to a Starbucks? Believe it or not, research shows there is a "Starbucks effect" on property values. A study of property values between 1997 and 2014 looked at homes within walking distance – one quarter of a mile – of a Starbucks and found they appreciated at a rate of 96. That compares to the national appreciation average of 65 percent for the same period.

But not all coffee places are created equal. The study by Zillow also found that homes near Dunkin' Donuts appreciated just 80 percent during the same period. Another study by RealtyTrac shows that a home sharing a zip code with a Trader Joe's location grew 40 percent since it was purchased, versus the national average of 34 percent.
Christine Magno

RE/MAX Integrity
801 Weber St. Suite 301, Colorado Springs, CO 80907
Each office independently owned and operated.
© 2018 Imprev, Inc. Pub 8/18

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