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Are you thinking about selling your home?

Posted by The Team at iHOMES COLORADO on Monday, April 24th, 2017 at 11:36am.

Are you thinking about selling your home? In today’s ‘Real Estate, Real Life in 3 Minutes or Less’, Gavin takes you through 3 tips to know when selling your home.

To learn more about selling your home, click here

 

Music: "Something Elated" by Broke for Free. Click HERE to listen to it

 

Today's guest speaker:

Gavin Monjaras is a Broker Associate at iHOMES COLORADO specializing in helping homeowners sell their homes. He loves helping buyers too. He can be reached at: 720-456-1400 or gmonjaras@ihomescolorado.com

 

Video Caption Information:

Landon Stafford here

iHOMES COLORADO coming at you

Real Estate, Real Life in 3 Minutes or Less

We’ve got an amazing guest with us today

Gavin Monjaras is going to talk to you a little bit about

Some tips on how to sell your home

Gavin, thank you so much

 

Gavin: Thanks Landon!

The first thing we’ll talk about is timing

And that is the first thing that most people think about

And, I can sit here all day and talk about the best time to sell your home based on the market

But what’s really important is that it’s the right time for your family

If you have kids in school, most people can’t sell their home in April

So, the right time may be May or June

When the market necessarily isn’t as strong for sellers

But what is most important

Is that it’s the right timing for them

The second thing Landon is about trust

You should always have a realtor representing you who you trust

But that’s not the only thing that we talk about

You should also choose a realtor that has the best strategies

And based on the time of year that you are selling

There could be a multitude of strategies that you could use

And you want to make sure that you are choosing the realtor

With the absolute best strategies

Last one Landon is

Why are people selling?

Another question you could ask is

Why aren’t people selling?

In Colorado, as you know, we have a very limited inventory

And I think a lot of it is based on the lack of education

Many people don’t know the position they’re in, or the buying power

Or purchasing power they have

In the market the way it sits right now

Pay off some debt, pay off a car loan, a student loan

You may be actually able to afford a higher mortgage payment that you didn’t think you could before

And I’ll give an example

Of a fellow who I met with the other day

Who wants to upgrade his home and purchase a $300,000 home

His current home is about $250,000

And he thought that he needed 20% down to get into his new home

Which over 50% of Americans believe today that it takes 20% to purchase a home

Not true

He has a mortgage payment of $1,500

Student loan debt $350 a month

And a car payment of $200

Now, with the proceeds from the sale of his home

Which, in this market actually boosted up about $15,000

 

He’s able to get about $40,000 from his net proceeds

He’s able to pay off his student loans, pay off the car payment

And, potentially spend $2,000 a month

But now, that’s going towards equity in a future, retirement, so very important

So his purchase upgrade

The type of loan that he would potentially be able to get

We had a client purchase a home at $316,000, get a 3% grant

That’s something they don’t have to pay back

They only had to bring closing costs plus an appraisal

Ended up with an $1,800 a month new mortgage payment

So, Real Estate, Real Life

Now we realize that maybe we can afford a little bit more if it’s going to the right place

 

Landon: Thank you so much for all the great tips

Really appreciate everything that you talked about, Gavin

And certainly with all these great tips

You now have a little more information to make an informed decision about your future

And what you hope to accomplish in selling your home

iHOMES COLORADO

In It For You

 

 

 

Today's guest speaker:

 

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