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How Long Should You Live in a House that You Buy?

During the real estate boom of the early 2000’s, there was any number of self-help gurus out there pitching the idea of flipping homes for money. This, perhaps, is responsible for the fact that many people genuinely wonder how long they’re supposed to stay in a house that they just bought. This is particularly true for first-time homebuyers. Many of that crowd are going to be looking to upgrade shortly after they buy their home.


According to many experts, it’s best to consider staying in the home for five years after you purchase it. This gives you a chance to get past the first few years of your mortgage, when you are generally going to be paying a lot more in interest than anything else. At the five-year mark, you should be to the point where you are actually getting the advantages of owning a home financially speaking.


You will also have had enough time to get the money together to deal with another real estate transaction. It’s important to remember that, when you upgrade in homes, you’ll be going through the same process you did when you bought your first home. That means inspections, closing costs and other expenses that you will have to pay in order to sell your home and purchase another.


One of the best ways to figure out whether or not selling would be advantageous to you is to talk to a real estate agent in Grand Junction who has experience working as a seller’s agent. They can take a look at the market, your position in the home, what’s available to you in your price range and so forth and help you determine whether it might be a good idea for you to move or whether you may want to hang onto your home for a couple more years to get more of the benefits of ownership.

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What Type of Investor are You?

Since the past few months with all of the volatility in the financial business markets, it’s a better time for people to get back to the basics to determine what kind of investors they are. In actual sense the investors falls under three categories that includes, the long term investors, the traders & the speculators.

Most Often, our popular social media and news networks are centered to short-term focus therefore they convey the idea of the trader or speculator to the people everywhere. This calls for confusion among the Long-term investors. Today let me discuss each of the three kinds of investors, along with the different ways which they adopt to interpret in market volatility.

Long-term investor:

This type of investor stays in the stock market for a long period. They know that the financial status and markets will experience ups and downs over a long haul. They believe that each up market would reach a higher level than the previous one, and it will motivate the investors to invest in the market.

Most Often, Long-term investors have diverse portfolios of stocks, cash, bonds, real estate and few other assets. It helps them to gain smoother rates of return and it also leads them to avoid the need to move in and out of the market at every anti- headline.

The Traders:

The Second category of investors is comprises of traders. Generally, there are two kinds of traders in the Volatility market. Some are those that trade on other’s behalf. Such traders including the Wall Street trading desks that execute trade on behalf of others. The time period for such traders can be in minutes, hours or even days.

Other type of trader executes trading for his personal account. The holding time period for such traders is likely to be more than Wall Street traders, but still quite shorter than the long-term investors.


The third type of investors is made up of speculators. This category of investors will be less likely to diversify and more to concentrate in individual sectors or securities. They might also concentrate their capital in speculative type securities. Finally, they might also tend to take positions with borrowed finances.

Investors should clearly clarify to their advisors that what they are exactly attempting to do. They must define themselves to their advisors that they act as a long term investor, trader or speculator.

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Why Is an Open House a Good Idea?

Open House Joe ReedOne of the best ways to sell your property, other than having a great home, is to hold an open house. You love the place, and you want others to love it just as much as you do. Instead of only doing single showings of the home, why not hold an open house so more people will be able to walk through your home. It can get more eyes on your property, and it has the potential to generate quite a bit of interest. You never know; you might even find a couple of buyers who are interested and who will bid against one another and drive up the home price.

Holding an open house is not always easy though, and you should certainly make sure you are using the help of a realtor. First, you have to make sure that you are advertising the open house in the right places. The agent can help you hear. Make sure you are putting the information out on your social networks, and ask people to share. The agent will do the same on his or her networks. You should also list it on sites such as Craigslist. Put up signs, advertise in the paper and put up a sign in your yard that mentions the date and the time of the open house.

Make sure the home is clean and clutter free and it smells great. You might not realize it, but if you are a smoker or have pets, then your home has a smell that others will certainly notice. Neutralize those scents and make sure that you have some baking cookies, candles, or other relaxing scents that will help to improve the visitor’s impression of the property.

With the right planning, your open house will be a success, making it easier to sell your Grand Junction, CO home.


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Look at the Potential of the Homes for Sale in Grand Junction, Colorado

When some buyers are searching through the various options with Grand Junction real estate, they may be overlooking some homes simply because they do not currently have the “look” they want. This is especially the case with first time homebuyers. They focus on the first impression that a house makes. What they need to do is to look beyond the current look of the home and try to see the potential that lies beyond.

For example, the paint in a home is one of the easiest things to remedy. Even if the current owner thought that puce and bright orange was a great choice in color schemes, those colors are not permanent. With a paintjob, the entire look of the property can change quickly and without spending too much money. Many buyers may even want to paint on their own rather than hiring a painting contractor.

Just as with the paint colors, it is possible to change many other of those aesthetic features without spending too much money or time. Reworking the landscaping, the cabinet faces and hardware and even adding new flooring is possible. They are DIY projects that you can tackle on your own.

When you have a list of things that you might want to change, it may be possible to have your real estate agent use that to help you get a slightly better deal on the home. If you determine that making the changes to the home would cost $5,000, you could try to get a reduction in price to help pay for that.

As important as first impressions are, you do not want to let those impressions dissuade you from buying a great piece of Grand Junction real estate. Look beyond what you currently see and look to what you can make the property become with some attention.


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5 Tips for Selling Your Home

Think selling your home is as simple as choosing to do so, hiring a real estate agent and sitting back while the offers roll in? While hiring an agent is the most important step, there’s a lot more you need to know in order to ensure that your property sells, and brings in as much money as possible. These five tips will help you do that.

Stage It

There are mixed opinions about staging your home, but a little bit can go a long way toward making a bare, empty house feel more like home. The key is not to go overboard. Stage it just enough that potential buyers can envision themselves living there, and so that the rooms don’t seem so small and bare.

Leave Stuff Behind

No, that doesn’t mean leaving the junk in your garage. Leaving valuable items behind that increase the worth of your home to potential buyers can make it sell faster. For instance, that storage building outside? Leave it. Stainless steel appliances can be left in place as an incentive to buy. Basically, anything that makes your home a better value is a good idea.

Flexible Showings

You control showing frequency. Make sure that you give your realtor a lot of flexibility in when he or she can show the home. The more showings, the greater the chance of selling the place.

Hire an Agent

Yes, you need to hire a real estate agent. This should go without saying, but it’s an essential step toward successfully selling your property.

Lighten Up

More buyers cite good light as one of their primary buying considerations than anything but location. Clean your windows. Take down heavy, dark curtains. Consider repainting faded or dark rooms to lighten things up a bit.

With these simple tips, you can ensure that your home sells as quickly as possible.