Tuesday, February 27, 2018

5 Criteria for Pricing A Home

In my last post, I included a link to a National Realtor Association tool that shows listings are up this year! Last year things seemed to be leveling out. This year it appears consumer confidence is improving as more houses went on the market in January than at the comparative time last year. This is good news for Buyers as it means more homes are available to purchase. It is also good news for Sellers as more competition will help them sell their homes at the best price.

If you are thinking of selling this year, you are probably wondering what is a good price to sell your home? When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

  1. Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.
  2. Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.
  3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
  4. Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.
  5. Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.
All this information can be overwhelming and may be difficult to interpret. If this is the case for you, you might consider asking a Realtor to prepare a Comparative Market Analysis or CMA for you. It's usually free of charge. The Realtor will not only use the above criteria but can provide you with information that is specific to your neighborhood and help you to understand what the comparable information means for the selling of your home.  If you’d like to determine the best price for your home, I can work up a CMA just for you. Give me a call at 303-888-1587 or email me at cheryl@lawsonpropertysolutions.com

Monday, February 12, 2018

Market Update

If you are wondering if this is the year to buy a home, then check out this cool tool from the Colorado Association of Realtors http://www.coloradorealtors.com/…/regional-and-statewide-st…. For example, if you click on Jefferson County, you will see there are 45 more single family listings on the market this year compared to last year at this time. For condos and townhouses, there are 42 more units available this year compared to last year. We definitely need the inventory! I can tell you from personal experience that consumer confidence also appears to be up as there are more buyers also. If you are considering buying or selling a home, give me a call and let's set up an action plan for you!

Tuesday, February 6, 2018

Winter Lawncare in Colorado

During most winters, I consider the wintertime a
 vacation from lawn care. This year I see that brown turf called my lawn every time I go out or come home and I find myself asking “Should I be doing something?” Are you having the same thought? Today I want to share what I found out about winter lawn care in Colorado. 

Winter Kill 

Well cared for turf is resilient and strong, but winter weather can be unforgiving to even the best lawns. Serious damage from ice, wind, extreme temperatures and freeze/thaw can be done to the sensitive crown of the grass. The crown is the place where the plant stem meets the roots. These conditions could result in winterkill. Recovery could take longer if winterkill occurs. 

To prevent winterkill in Colorado, make sure the grass is prepped in the fall.
 • Use a fall fertilizer. Mow the grass and apply fertilizer after the grass has stopped growing, about six weeks before it goes dormant. 
• Rake up the leaves to prevent them from smothering the grass and giving rodents a place to live. 
• Slowly lowering the cutting blade of your mower with each mowing. Make sure the grass is as short as possible at the end of the season. This will protect any new growth that is more fragile near the end of the growing season. Long grass is also a warm place for mice and other burrowing creatures. They can create dead spots where they spend most of their time. 
• Monitor the weather and deal with conditions as they occur. 

Winter Watering 

In winter the bare grass can become desiccated or dried out when exposed to winter winds and extreme temperatures over long periods of time. When you water when your sprinkler is turned off it’s called “winter watering.” For most homeowners that would be between November through mid-April. 

Try to water 1-2 times per month during this period. Pick a day when the air temperature is above 40 degrees and the soil is not frozen. Watering at mid-day is also a good idea so the water doesn’t freeze and the water has time to soak in the ground before it freezes at night. If the water freezes, solid ice could suffocate your lawn and leave it matted. 

If lawns are not watered during the winter then root damage can occur Root health affects the wellbeing of the entire plant. With the dry air of winter, there is very little moisture in the soil. This can cause distress to your trees, plants and lawn. The damage may not be noticeable until the spring. 

Colorado lawns that are exposed to the south or west are especially susceptible. To prevent damage, water from October through March. 

Ice and Snow Cover 

If we are having periods of snow followed by warm temperatures, then freezing temperatures, it can create a thick layer of ice on a lawn. Most Colorado grasses can handle it but if the ice persists for more than 30 days the grass could be damaged or killed. 

It hasn’t been a problem this year, but a persistent snow cover can create insulated conditions near the soil surface. This could cause gray or pink snow mold. Snow mold is likely along the north side of the building and along driveways where snow has been piled up.  Remove the snow from the these areas and avoid large piles in the grass. You can also protect your grass from snow mold with a final application of fertilizer appropriately timed. 

Mice love these insulated area and can create noticeable trails in the grass in the spring. Mouse activity may also occur and leave noticeable trails in the grass in the spring. 

Keep it Clean 

Remove items such as lawn chairs, toys, before the first snow. This will prevent the possibility of stunted thin or even dead spots in the spring. 

Avoid Excessive Lawn Traffic 

When the grass is brown and short, people don’t think about the damage that too much foot traffic can do to a lawn. Even though grass is relatively resilient, it will still have a difficult time recovering if a path becomes well worn across the lawn. 

So there you go. I know that a nice lawn is going to help the curb appeal of my home and it’s resale value. I guess I can’t take the whole winter off from caring for my lawn.