2023 BLOG - Wilks Real Estate

OUR ARTICLES

We have both Colorado Real Estate specific blog articles as well as National Real Estate blog articles. Take a look around and if you have any questions please let us know.

COLORADO REAL ESTATE ARTICLES

SPOTLIGHT ON MORTGAGES

SPOTLIGHT ON MORTGAGES

Spotlight on Mortgages  Written by Nicole Rueth 10/4/2023 Member of the DMAR Market Trends Committee and Local Mortgage Expert at The Rueth Team Nicole Rueth, a local mortgage and market expert writes: October 2023 presents an incredible opportunity for first-time homebuyers to make...

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How are We Different?

How are We Different?

https://www.youtube.com/watch?v=3JH8ClsYi44&t=1s The statisticians say that most people know 12 Realtors.  Being a word-of-mouth-based company, we realize that on a daily basis we have to outshine and outperform 11 other agents just to earn their business. Then we must impress them by...

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The Biggest Opportunity for Home Buyers Right Now is…

The Biggest Opportunity for Home Buyers Right Now is…

Builders and Buy-Downs:    Right now, there is a huge opportunity for homebuyers to get a sweet deal from local home builders. Builders are lowering home prices, offering notable incentives to buy-down interest rates as much as 1%-2% lower than market interest rates.  Further,...

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The Biggest Misconception in Real Estate TODAY is…

The Biggest Misconception in Real Estate TODAY is…

Home Value & Interest Rates! Right now, there is so much confusion and misinformation around home values and interest rates and where they are both headed.  First off, if you ever have questions about the real estate or mortgage markets, or your unique personal situation.... please don't...

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The Biggest Opportunity for Home Sellers Right Now is…

The Biggest Opportunity for Home Sellers Right Now is…

An Ounce of Prevention is Worth a Pound of Cure! Right now, well maintained beautiful homes that are properly marketed and priced ARE selling quickly, sometimes with multiple offers, and occasionally over asking price. However, homes with a long list of deferred maintenance, or a lot of necessary...

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Service Providers We Can Recommend

Service Providers We Can Recommend

The following list is people and companies that we ourselves or our clients have used and trust. This list can change at anytime and we receive nothing in return for referring them. HANDYMAN SERVICES Handyman Connection of Parker | Mike German - Owner | (720) 594-4924 |...

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How Much Home Can I Afford?

How Much Home Can I Afford?

A homebuyer should typically be able to afford a home that is 3 to 3.5 times your annual salary (or income). Another general rule is your total monthly expenses (including the new home) should never be above 45% of your gross (pre-tax) income. For a first time home buyer, we typically recommend...

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How Do I Know If I Hired the Wrong Realtor?

How Do I Know If I Hired the Wrong Realtor?

If you’ve never bought or sold a house before, you’ve probably never worked with a Realtor. You might have been so excited for the process you completely skipped over researching and interviewing prospective Realtors in order to find a really great one.   If you didn’t do your research,...

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NATIONAL REAL ESTATE ARTICLES

What a Fed Rate Cut Could Mean for Mortgage Rates

What a Fed Rate Cut Could Mean for Mortgage Rates

The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion.The Fed Doesn’t Directly Set Mortgage RatesRight now, all eyes are on the Fed. Most economists expect they'll...

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Patience Won’t Sell Your House. Pricing Will.

Patience Won’t Sell Your House. Pricing Will.

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why.Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:“Homes are also taking longer to sell. The typical...

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Mortgage Rates Just Saw Their Biggest Drop in a Year

Mortgage Rates Just Saw Their Biggest Drop in a Year

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way.On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year.What Sparked...

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Why 50% of Homes Are Selling for Under Asking and How To Avoid It

Why 50% of Homes Are Selling for Under Asking and How To Avoid It

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal”Right now, about 50% of homes on the market are selling for less than their...

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Builder Incentives Reach 5-Year High

Builder Incentives Reach 5-Year High

Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same.That’s why more buyers are turning to new construction – and finding...

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History Shows the Housing Market Always Recovers

History Shows the Housing Market Always Recovers

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year...

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CONTACT US

Cory & Brandi Wilks

Owners | Realtors

720-388-8888 Cory

303-257-2038 Brandi

Cory@WilksRealEstate.com

Brandi@WilksRealEstate.com

 

REAL ESTATE

Wilks Real Estate

19590 E. Mainstreet suite 110

Parker, Colorado 80138

CO Lic. # EC100038194