Showing posts from July, 2012

Homeownership: The American Dream (Part 2)

By The KCM Crew

A major benefit to homeownership is community. There is a greater sense of community among homeowners than there is with renters. Studies have shown that homeowners have a higher participation in local volunteer activities; participate more in local political activities and organizations; have higher voting rates; and are more involved in self-help activities (like the PTA and neighborhood crime watches) than those who rent. Homeowners do not move as frequently as renters, therefore providing more neighborhood stability. This helps reduce crime and support neighborhood upkeep and value.

Let’s look at homeownership as an investment. In 1998 the average Homeowner’s net worth exceeded that of renters by 31 times. In 2001 it was 36 times and eventually in 2007 it was all the way up to 46 times that of renters. Even in these toughest times, the wealth of the homeowner is still over 30 times that of renters. Now, homeownership isn’t about a guaranteed financial short-term retu…

Homeownership: The American Dream

By The KCM Crew

96% of homeowners see homeownership as a positive experience and 88% of renters aspire to own a home. This is true in the United States more than any other country. Owning a part of our country has always been the American Dream and as an agent you are instrumental in this dream. It’s your job to help guide people to their ultimate goal of homeownership.

The first thing you must realize is that homeownership is NOT about the money. In fact, if we look at Fannie Mae’s quarterly National Home Survey, as far back as we can go, the top four reasons for buying a home are the same. The top four reasons people buy a home are:

1. It means having a good place to raise children and provide them with a good education

2. To have a physical structure where their family feels safe

3. It allows for more space for their family

4. It gives them control over what they do with their living space including renovations and updates.

Homeownership means something more to people and their familie…

Should I Wait To Sell My House?

By The KCM Crew

There have been more and more reports showing that the housing market is beginning to recover. This has caused angst among some homeowners who are considering whether or not to sell their house in the next several months. With the market showing signs of life, the question becomes should they wait to sell because prices may be about to increase.

The data proves that sales are increasing nicely. However, there is no consensus on home prices yet. At the National Association of Real Estate Editors conference in Denver at the end of June, Lawrence Yun, chief economist of the National Association of Realtors (NAR) said:

“This time next year, there could be a 10% price appreciation. I would not be surprised to see that.”

During the same week, Morgan Stanley came out with a housing report that stated where they believed housing values were headed over the next eighteen months:

“We estimate a drop of 5-10% more.”

Which direction are prices headed? As we previously stated, the…

Home For Sale in Colorado Springs

Inviting Home For Sale in Colorado Springs including 4 Bedrooms, 3 Bathrooms, 2 Car Garage and over 3,800 Square Feet. This home for sale in Colorado Springs features a spacious formal dining room perfect for entertaining and a formal living room that is currently being used as a main level office. Click Here to Tour This Home For Sale in Colorado Springs. The perfectly appointed kitchen boasts ample cabinet and counter space, planning area and eating area. The family room is open to the kitchen and eating area and includes a cozy fireplace and walk out. Unwind in the massive main level master retreat with his and her closets and attached bathroom. The finished lower level has a spacious recreation area that walks out to the expansive backyard and 3 additional bedrooms and a full bathroom. The backyard includes a huge redwood deck, large patio and mature trees. This wonderful family home for sale in Colorado Springs is located just minutes from the Broadmoor and in an established neig…