Tiz The Season

 

Tiz the Season: Is It Time To Make Your Move? Or Just Make Smart Upgrades?


I was sitting having coffee the other morning and was asked when the best time is to sell or buy a home. This is not always an easy answer to come up with because it is the time that is best for you and your family. 

Typically, when school is out and graduations are over, you will see an increase in homes coming onto the market. Students have graduated; weddings are being planned and the busy summer months are here. Many of us find the months between April and June are the peak months. This is because families like to move during this time so the kids aren’t as disrupted while in school. This can mean that home prices may be higher and there will be more competition.

While summer is the more popular time to plan a move, many choose other times of the year. People referring to themselves as Empty Nesters or Baby Boomers can be reflecting on their next chapter. Some are considering downsizing, relocating closer to family, upgrading their current home, buying their dream home or a hobby ranch. They are enjoying simply exploring what options they have. It is a great time to evaluate your plans. With the right guidance and a clear understanding of the current market, you can make confident decisions that align with your lifestyle and financial goals.

The Northern Colorado Market: What You Need to Know

Northern Colorado, including communities like Fort Collins, Loveland, Greeley, and Estes Park, continues to be a desirable place to live with its beautiful scenery, vibrant arts scene and quality of life. Currently, the market remains active with steady demand—though inventory has increased slightly, making it a balanced environment for both buyers and sellers.

For some looking to downsize or change their living situation, this is an opportune moment to capitalize on your current home’s value while exploring new options.

Interest Rates and Financing Opportunities 


Interest rates remain relatively stable, helping many unlock equity from their current homes or secure favorable financing for new homes. There are many programs available that are designed for everyone from First Time Home Buyers to Seniors and Retirees. 

  • Reverse Mortgages (HECM): A way to access equity, often used for downsize or fund retirement.
  • FHA & VA Loans: Special considerations for seniors and veterans, with flexible terms.
  • Downsize with Purpose: Downsizing is really Rightsizing. What is the perfect home for you. Choosing smaller, more manageable homes that offer accessibility options, reduced maintenance, and community amenities may be your answer to affordability and financing.
  • Asset Loans: Retired? Not the same income as a few years ago? Put your assets to work.

Your financial advisor and trusted real estate expert can help you strategize what is right for you.

If Moving Isn't In Your Plans, Checkout Upgrades That Pay Off 


If you plan to stay in your current home longer, consider upgrades that enhance comfort and accessibility:

  • Wider doorways and walk-in showers
  • Installing grab bars and handrails
  • Low-maintenance landscaping
  • Improved lighting and smart home technology
  • Decks
  • Landscaping
  • Non-Honey Oak Cabinets
  • Flooring like hard wood or luxury vinyl.

These modifications can increase your home’s value and prepare it for future aging-in-place needs.

Plan For What Is Right For You

  • Evaluate Your Goals: Are you looking to downsize, upgrade, move closer to family, or stay put and enhance your current home?
  • Stay Informed: Local market conditions are favorable for strategic moves. Act now to maximize your home’s value or find the perfect new fit.
  • Work with a Specialist: Partnering with a real estate professional experienced in Northern Colorado’s senior housing market ensures tailored advice and smooth transactions.
  • Plan Ahead: Consider timing, especially if you’re looking to buy and sell simultaneously or explore financing options like reverse mortgages.

Your Next Chapter Starts Now

If you're contemplating your next chapter or just seeking expert advice on your options, I’m here to help. Reach out today, and let’s create a customized plan for your ideal life in Northern Colorado!

Tis the season for new beginnings—let’s make it your best year yet!


 

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