Fisher Friday Flyer – February 26th, 2016
That’s a ridiculous question when you stop and think about it. To expect something unexpected automatically to reclassify it as “expected.” It’s a Catch-22, kind of like rafting classifications. A class 6 rapid in rafting is only a level 6 until someone successfully passes through it, then it’s a level 5. Has anyone ever really completed a class 6 rapid? Has anyone really expected anything unexpected? OK, ok, enough. Back to the task at hand – expectations! Expectations can really be clarified through preparation and anticipation through meditation on your situation and removing any stipulations on your imagination (ok, stop it, now you’re just being silly). Translation (sorry) – to “expect the unexpected” is more than just a willy-nilly saying, it’s to prepare through careful thought on how and where you’re going. Whether it be from junker house to new build or from gas station to home. When we limit ourselves to a narrow window of thought (especially in the instances of many, many possible outcomes) to a single track or narrow focus, we can miss large obstacles that stay in that “unexpected” box without proper preparation. Are you ready?
FOR YOUR READING PLEASURE
One area where Denver is not excelling (see article below about where it is) is in the percent of properties sold that are flips. We’re down to 4.7% from 5.8% year over year 3Q2014 to 3Q2015. That puts us at 51st out of 85 metro areas that Trulia researched. Is that a good thing or a bad thing? Are flippers leaving and does that mean more for those who are still working? Or does it mean we’re competing more and more with homeowners willing to buck up and take some of the junkers? Or are people holding more properties as long term investments? Strategy, strategy.
Everybody loves top ten lists! A lot of the same old, same old on the list of hot seller’s markets, it must be that West Coast style and congratulations, Denver, great finish yet again (in 3rd). But maybe the more interesting list is the top ten for buyers markets. These are maybe a place to stock up on good deals?
- Hartford, CN
- New York/ Northern New Jersey
- Jacksonville, FL
- Virginia Beach, VA
- Orlando, FL
I always thought it was better to be active than passive. Apparently passive is the way to go. How far out are passive house requirements in the USA? Who knows, but I’d be willing to be if it happens, our back yard (Boulder) will be there at the front of the race. Tough to imagine a house that need next to no energy for the year, but maybe there’s a trend to be bucked.
MORTGAGE RATE UPDATE
The latest Mortgage Rates: 30 Year fixed at 3.44% and 5/1 ARMS at 2.81%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/Zillow.com reported average rates as of Thursday)
REAL ESTATE WEATHER REPORT
Oh, where do we go from here? Prices are rising, contractors continue to be in high demand, and “deals” are the same. Even though they are fewer, people still seem to be busy as ever. What’s going to give first? Make sure you stay safe out there, keep your head on, and don’t get sloppy out of “need.” The cost is higher in the long run.
Our Invest Success Mentorship Program is ongoing and we are signing up more students. Tell your friends. We offer LOCAL webinars, house tours, and small, personalized classes as well as hands-on on-site experience. You will learn where and how to look for deals! Oh, and our flagship program requires you to REHAB A HOUSE! You’ll have our ear for a year! Amp up your business with custom systems and procedures. Go to our website for more information. Better yet, call us. Nothing ventured, nothing gained!
Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). If you’re not on our list and want to be, LET US KNOW. Write, Text, Tweet, Facebook (the verb), E-mail, drop by. Next Breakfast Club is Saturday, March 12th at Poppies. We start at 7:00am. We’ll see you there!
INVENTORY: Inventory flows: CHECK ‘EM OUT!!! More coming soon!!! NOTE: if you don’t reach us with a phone call (303 338-8000), text us at 720-345-8361.
7410 Greenwood Blvd., Denver, CO 80221 3 beds, 1 bath, 1 car detached garage. Yours for only $185 2edsemand Berkeley AreaK!
4040 Allgood Drive, Colorado Springs, CO 80911 3 beds, 2 baths, 1 car attached garage. Buy for $155 2edsemand Berkeley AreaK!
2685 Quebec Street, Denver, CO 80207 2 beds, 1 bath, 2 car detached garage. Yours for $240 2edsemand Berkeley AreaK!
2594 South Harrington Lane, Lakewood, CO 80227 4 beds, 2.5 baths, 2 car attached garage. Buy for $420 2edsemand Berkeley AreaK!
3421 Harrison Street, Denver, CO 80205 2 beds, 2 baths, 2 car detached garage. PRICE REDUCED to $315 2edsemand Berkeley AreaK!
12669 East Wesley Place, Aurora, CO 80014 2 beds, 2 baths, 2 car attached garage. Yours for only $262 2edsemand Berkeley AreaK!
1215 East Iowa Avenue, Denver, CO 80210 2 beds, 1 bath. Buy for $318 2edsemand Berkeley AreaK!
430 Garrison Street, Lakewood, CO 80226 4 beds, 3 baths, 2 car attached garage. Yours for only $388 2edsemand Berkeley AreaK!
2320 Sherrelwood Drive, Denver, CO 80221 3 beds, 2 baths, 1 car attached garage. PRICE REDUCED to $240 2edsemand Berkeley AreaK!
4110 Fillmore Street, Denver, CO 80216 1 bed, 1 bath, 1 car detached garage. Yours for only $160 2edsemand Berkeley AreaK!
QUOTE OF THE WEEK: Always render more and better service than is expected of you, no matter what your task may be. Og Mandino