The Pagosa Springs Real Estate Market Posted by Galles Properties on August 4th, 2022 You Know Your Goals. We Know The Pagosa Springs Market. We Have The Experience To Make Them Work Together. What we know about the Pagosa Springs Real Estate Market is that Experience Matters. There is so much noise out there from the media - and plenty of folks willing to share their opinion. But the bottom line is that every situation is unique. Galles Properties has been the home of the area’s leading team of Brokers since 2006. We have decades of experience with working with buyers and sellers of all types of properties-in every price range. It has never been more important to work with an experienced Realtor®. If you are thinking of buying or selling, one of our seasoned Brokers will be happy to sit down with you and talk about the Pagosa… 360 Views, 0 Comments Read Full Post
Why This Is A Great Time To Sell Your Colorado Vacation Home Posted by Galles Properties on March 29th, 2022 Is this a good time to sell your Pagosa Springs vacation home? As vaccines are administered and travel resumes, many of us are beginning to plan for those vacations we missed out on over the past year. And some households are focusing their efforts on buying a vacation home rather than staying in a hotel. The National Association of Home Builders (NAHB) reports: “Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.” In Pagosa Springs, inventory is at a record low. It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer… 361 Views, 0 Comments Read Full Post
4 Tips To Maximize The Sale Of Your Property Posted by Galles Properties on March 29th, 2022 Here are 4 tips to maximize the sale of your property. Property owners ready to make a move are definitely in a great position to sell today. Inventory is incredibly low, driving up buyer competition. This gives property owners leverage to sell for the best possible terms, and it’s fueling a steady rise in property prices. In such a hot market, properties are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. 1. Make Buyers Feel at Home One of the ways to make this happen is to take time to declutter - inside and… 374 Views, 0 Comments Read Full Post
Is Home Price Appreciation Accelerating Again? Posted by Galles Properties on March 29th, 2022 Which Direction Is Your Home Price Appreciation Headed? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year. This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie… 530 Views, 0 Comments Read Full Post
This Is The Time To Sell Posted by Galles Properties on March 28th, 2022 3 Graphs Showing Why This Is The Time To Sell There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your property. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for property owners who are ready to move this season. 1. Historically Low Inventory The National Association of Realtors (NAR) explains: “Total housing inventory at the end of March amounted to 1.07… 370 Views, 0 Comments Read Full Post
Sellers Ready To Return To The Housing Market Posted by Galles Properties on March 28th, 2022 Sellers Are Ready To Return To The Housing Market One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight. The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, indicates: “Consumer positivity regarding home-selling conditions nearly matched its all-time… 362 Views, 0 Comments Read Full Post
3 Things To Prioritize When Selling Posted by Galles Properties on March 28th, 2022 3 Things To Prioritize When Selling Your House Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your property. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move. 1. Price Your Property Right When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a sellers’ market, listing your property for the right price will maximize the… 548 Views, 0 Comments Read Full Post
