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Month: September 2015

Good News for Real Estate, Mortgage Rates Remain Unchanged!

Last Thursday the Federal Reserve held a committee meeting to discuss, among other things, whether or not they should raise interest rates to assist in stabilizing the US economy.  The Federal Open Market Committee (FOMC) consists of 10 members and 4 alternates.  In Thursday’s meeting,  9 members voted against raising the rates while one voted in favor of.  The primary reason for voting against raising the rates cited by members was the lack of stability in foreign economies, namely China.

So what does this mean for the real estate market?  It means buyers will continue to enjoy low interest rates on new loans.  It means you can still afford the homes you have been pre-approved to shop for.   Also, if you have been sitting on the fence, now is a good time to jump in if you are looking to buy in the near future.

For sellers there is good news as well.  With rates remaining the same, you will still have a strong number of buyers shopping the market.  Had the rates gone up the number of buyers looking at your home would have decreased as the higher rates would have lowered said buyers pre-approved loan amount.  Further, if you sell now, you can capitalize on the low rates when buying your next home.

Bear in mind, the FOMC has two more meetings this year to be conducted on October 27th-28th and the other on December 15th-16th.  There is talk that a rate increase is more plausible later this year, with this most likely occurring during the December meeting.   So keep this in mind if you are planning on buying or selling your home soon.  Timing is of the essence.

 

Get in touch if you want further information or if you need assistance with buying or selling.  Talk to you soon!

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Just Sold!

house photo

As their agent, I helped a buyer get this home below list price at $419,900.

Is it time for you to move?  Get in touch and I can give you a free market analysis of your home.

Is it time for you to finally buy that house you’ve been wanting?  Let’s talk about what you are looking for and what you can get for your money.  You might be surprised with interest rates remaining so low!

Call me at 970-313-6706 or email at seangilliam@remax.net

 

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Oak Meadows Neighborhood in Firestone is a Great Place to Live!

Firestone sign photo edited

 

After talking with multiple residents in the Oak Meadows neighborhood, several common themes came up as to why they love living there.

First, they enjoy the quiet community.  Tucked just far enough away from I-25, they don’t hear road traffic.  Also, residents remarked that the neighbors tend to keep quiet as well.

Residents also like the sense of community they experience.  The neighbors are friendly and will help each other out if need be.  There are also many activities sponsored by the HOA, especially for younger children.  Activities such as the Annual Easter Egg Hunt, community yard sale and an annual community BBQ are ways the HOA brings the neighbors together.  The HOA conveniently keeps members up to date with their Facebook page.

Another great feature of Oak Meadows and the surrounding Firestone area is that you get more bang for your buck with real estate!  While residents have enjoyed appreciating property values, they tend to get more home for their money than their neighbors to the west, such as Longmont.  Living just east of I-25 will give you more for your money and easy access to the Interstate without all of the traffic that those may experience in larger neighboring cities.

Oak Meadows is conveniently close to I-25 which allows residents to get easy access to areas all over the Front Range and Denver.  Within the city itself, residents remarked that they like the convenience of having their own grocery store nearby (King Soopers) and a Home Depot.  Also nearby are several restaurants, gas stations and an American Furniture Warehouse.  Not only are these establishments conveniently close, there is also minimal traffic!

The Firestone area is continuing to grow so before too long it will be its own metropolis.  Firestone is truly a community in motion!

 

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