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Contemplating putting your home on the market in 2024?

Here's a preview of what to expect:

Dipping Rates. Cooling off in mid December, prepare for more favorable rates in 2024, increasing the pool of potential buyers.

Increase in home prices: As new buyers enter the market, and inventory remains low, expect prices to climb further, indicating that selling will be profitable.

Fierce competition: Low inventory means eager buyers. If you want top dollar, professional photography, staging, and curb appeal are non-negotiables.

Optimistically cautious: many predict a strong year for the economy and the stock market, but some are more enthusiastic than others. Don’t expect a recession, but don’t expect things to go completely smoothly, says Kristina Hooper, chief global market strategist at Invesco.

Despite the challenges, selling in 2024 has the potential to yield a substantial profit. To expedite the process, work with a knowledgeable agent, price your home competitively, and consider offering concessions. I can help YOU through the process of placing your home on the market!

If you're navigating the complex world of home selling and need expert guidance, don't hesitate to reach out. I’d love to help you!

Alonna Olmstead
📲719-640-7106
📧[email protected]
alonnaolmstead.remax.com

The journey to finding your dream home involves understanding your needs versus wants.

Here’s why it matters:

✨Prioritize Essentials: List your essential features—bedrooms, location, school districts—as needs. These are the foundation of your home search, aligning with your lifestyle and daily requirements.

✨Wants for Comfort: Consider your desires—luxury amenities, specific decor—as wants. While these can elevate your living experience, remember they are negotiable to some extent.

✨Balancing Act: Rank your list by importance. This helps during tough decisions, ensuring you focus on what truly matters and remain flexible with non-essential features.

✨Future-Proof Thinking: Anticipate future needs. A growing family might require more space, so envision how the home caters to potential lifestyle changes.

✨Budget Wisely: Be mindful of affordability. Overspending to fulfill wants could strain your finances. Striking a balance between needs and wants is key.

✨Long-Term Vision: Assess the impact of your choices on the property's resale value. Some features enhance marketability, while others might not.

✨Open Dialogue: Communicate with household members or partners to align on priorities. Consensus ensures everyone's needs are considered in the decision-making process.

✨Stay Open-Minded: As you explore properties, your needs vs. wants might evolve. Be flexible; sometimes, unexpected features might meet your needs in surprising ways.

✨Trusted Guidance: Rely on your real estate agent. We're here to offer expert advice, guiding you through the needs vs. wants dilemma to find a home that's the perfect fit.

Understanding your needs vs. wants is a crucial step in the home buying process. Let's work together to find a home that meets your essentials while fulfilling as many of your wants as possible.

Reach out today to start your journey to homeownership!

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com

Have you heard of modular homes? Could they be the future of affordable housing?

Modular homes aren’t the same as manufactured (mobile) homes. Modular homes are a viable alternative to a traditional design-and-build home. They’re factory-built, transported, and set up on a permanent spot by a builder.

Here’s more on the pros and cons: 

✨Pros of Modular Homes:

• More affordable to build
• Shorter build times
• No on-site home inspections — they’re done at the factory
• Can be customized
• Typically built with environmentally-friendly materials and practices
• Can be more energy efficient
• No weather-related building delays

✨Cons of Modular Homes:

• Requires purchasing the land first
• Cannot be built on subdivisions
• Requires additional foundation, electrical, plumbing, and sewage set up on-site
• Differences in the quality of manufacturers — careful research is recommended
• May require a short-term construction loan to finance the project and a later conversion to a longer-term mortgage

So What about the Cost?
On average, modular homes range from $90-$120/sq ft. This can fluctuate with design and additional services. Plus, leaving room in your budget for land costs, foundation, utilities, and potential closing costs for loan conversions is always good. 
When built right, you often can’t tell the difference between a modular home and a traditionally built home.

If you’d like to explore your options, contact me today!

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com

2023 has been such an AMAZING year filled with many great memories!

I look forward to 2024! Thank you to all of my friends, family and clients for making 2023 a really wonderful year!

Happy New Years and cheers to 2024!🥂

Alonna Olmstead
📲719-640-7106
📧[email protected]
alonnaolmstead.remax.com

When selling your home, first impressions matter!

Professional photography captures the essence of your property, attracting buyers with stunning visuals. Don't underestimate the power of great images in showcasing your home's unique charm and character.

Trust in professional photography to elevate your listing and make it stand out in the market!

Contact me if you are ready to sell and I will help get your photography session booked!

Alonna Olmstead
📲719-640-7106
📧[email protected]
🌐alonnaolmstead.remax.com