The Real Estate Show: Recent Episodes
Selley Group Real Estate
Join us as we take a deep dive into the current real estate market, our strategies, some fun tips, and a whole lot of fun!
00:00 - Introduction: Welcoming Bill McAfee to Episode 81
00:25 - Bill's Retirement and Daily Office Visits
00:50 - Teaching and Molding Minds in Real Estate
01:17 - Bill's Impact on Real Estate Economics in El Paso County
02:50 - 2023 Real Estate Summary: Interest Rates and Market Impact
03:30 - How Rising Rates Have Affected the Housing Market
06:00 - The Persistent Demand and Shortage of Homes
06:30 - Shifts in Buyer and Seller Expectations Post-Interest Rate Hikes
07:06 - The Luxury Home Market in Colorado Springs: A Hidden Gem
08:00 - Inventory Levels and What They Indicate About the Market
08:50 - The High-End Market Continues to Thrive Amid Changes
10:35 - Annual Market Reviews for Homeowners: Understanding Your Neighborhood
12:30 - The Shift Towards a Seller's Market in Various Neighborhoods
18:39 - Concluding Thoughts: The Future of Real Estate in El Paso County
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 - Introduction to Episode 80 with Cherise Selley and Real Estate Expert Bill McAfee
0:30 - The Unique Dynamic of Hosting with Polar Opposites
1:15 - Keeping It Real: The Spill and the Stain Anecdote
1:18 - Welcoming the New Year and Reflecting on Last Year's Price Misestimations
1:45 - The Surprising Increase in Average Prices Despite Predictions
2:00 - Bill McAfee's Real Estate Confessions and Predictive Missteps
2:28 - January Stats: A Close Look at the Slight Changes in Market Prices for 2024
3:00 - Breaking Down the Sales Prices for El Paso County
4:00 - The Impact of Supply Shortage on Real Estate Negotiations
4:30 - A Detailed Bidding War Story: The Competitive Edge of VA Buyers
7:20 - The Outcome of a High-Stakes Offer and the Reality of Cash Offers
8:18 - Revisiting Buyer Dreams After Losing a Bidding War
9:50 - The Ongoing Demand for Luxury Homes in Colorado Springs
10:10 - The Surprising Percentage of High-End Home Sales in the Market
11:25 - The Role of New Builds and Builder Incentives in Today's Market
12:50 - A Deep Dive into the Statistics: Luxury Market Staying Strong
14:15 - How the Market's Fast Pace Is Shaping Buyer and Seller Strategies
14:55 - Predictions for the Real Estate Market in 2024: Stability and Growth
15:30 - Closing Thoughts and the Future of Real Estate Financing Options
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 - Introduction to Episode 79 and welcoming Benjamin Day.
01:05 - Overview of the current real estate market in El Paso and Teller County.
02:30 - Discussion on the significant decrease in home sales compared to previous years.
04:15 - Analyzing the seasonal dip in transaction velocity during the fourth quarter.
05:50 - Contrast between the current market and the constant selling cycle during COVID-19.
07:10 - Benjamin Day's unique approach to market analysis focusing on specific counties.
08:45 - Importance of the weekly "showing time" report in tracking real estate trends.
10:30 - Insights into the substantial decrease in weekly showings compared to last year.
12:05 - Discussion on how interest rates are influencing buyer enthusiasm.
13:40 - Analysis of the overall transaction volume and its decline from previous years.
13:58 - Benjamin Day's final thoughts on the future outlook of the real estate market.
Join us as we dive deep into the current dynamics of the real estate market with our special guest, Benjamin Day, the managing broker at Liv Sotheby's. In this episode, we uncover the latest trends and statistics that are shaping the real estate landscape in El Paso and Teller County.
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Welcome to Podcast 78 of the Real Estate Show
00:12 Introduction of Benjamin Day
00:33 Role Reversal
01:25 New growth and enthusiasm in the office
01:54 Origin story of the hosts’ relationship
03:07 The Only Willing Realtor story
04:01 Voice Messages and Realization of a Scam
06:20 Ben Joining Selley Group
07:16 Developing New Friendships & Authentic Trust
08:03 Leadership and Personal Growth
09:02 The Cat Incident
10:11 Ninja Selling Installation
11:19 Importance of Boundaries
13:04 Critique of Traditional Selling Systems
14:41 Managing Egos is Crucial in Real Estate
17:00 Healing in Community
18:18 Transition to Sotheby's
20:37 Embracing the 'No List' to Maintain Focus
22:06 Presentation of a Ninja Sword
24:55 Elevating the Real Estate Climate
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Introduction to Episode 76 of the Real Estate Show
0:21 Curiosity about an electrifying incident on Bill’s ranch
1:45 Bill’s encounters with electric fences in the past
2:25 The transition from ranch life to city life
4:00 Humorous story about a cattle stampede during a cattle drive
4:45 The metaphorical connections between ranching and real estate
5:35 Celebration of Bill’s contributions to the industry
6:09 Celebration of Cherise’s faith and positivity through cancer
7:27 Healing though community and the power of support
8:30 Mortality Motivation and loving well
9:09 Transition to the current real estate market conditions
9:59 Insights into Inventory Levels
11:39 Seller’s Reality and Pricing up
13:13 Adapting to Market Shifts and following advice
13:40 End of Summer Stats
16:19 The Role of Control and Embracing Change
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Cherise and Bill McAfee Introduction
0:16 Bill’s recent adventures with consulting and driving tractor
0:33 Challenges of farming and how it differs from previous work
1:02 Air Conditioning a tractor
1:33 Handling a seed mishap
2:12 Alluding to a humorous farming confession
3:11 Discussing the real estate market and recent trends
4:05 Bill emphasizes the need to adapt and pivot
6:10 The rise in case transactions in the market
7:15 The stability of the Colorado Springs real estate market
11:42 The effect of rising interest rates on the housing market
15:09 Positive developments and growth in the Springs
17:24 The importance of community programs and support
18:19 Opportunities in the current real estate market, especially for cash buyers
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Empowering you to make a decision
1:14 Tune out the noise to focus on what matters
2:11 April's numbers to see where we are starting
3:14 Interest Rates and a Sellers Market
4:27 Multiple offers are back, but...
4:58 Talking to the lender to see if aware of the tax rate
6:01 New home buyers understand all of the cost
6:29 Home Owners Insurance Variable
7:47 50 Collective years in Real Estate
8:05 Sellers still protest the Tax for a successful sale
8:48 Homestead tax exemption
9:47 Take ownership and be fully informed
11:00 Small things that block from good decisions
12:12 Homeownership builds wealth
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
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00:00 Soak up the Sunshine this Spring
1:04 The Question on everyone’s mind lately
1:28 April 2023 Stats
3:38 Judy’s client story about high interest rates
4:54 Expert agent buffering for affordability
6:00 Property Tax hikes across Colorado
7:00 El Paso county tax hike %
8:03 Caution to look for latest tax assessment
9:38 Help to fight the tax assessment
10:24 Double edged sword of property values increasing
12:04 Reach out to Selley Group to walk you through this
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
REEOPRBMLQP3ZJDF
00:00 Spring on the horizon for Colorado Springs
0:39 Wildlife and advantages of living in Colorado
2:08 Selley Group enjoying Pickleball
3:20 People still experiencing the PTSD from 2020
4:05 Be kind to yourself as moving can be traumatic
5:24 Listening is one of our best skill sets
6:23 Dive deep into your non-negotiables before buying or selling
7:11 Seeing dreams come true is so rewarding
7:30 March's market numbers recap
8:35 Listing inventory and sales are currently down
9:25 Advice for sellers when needing more time to move out
11:49 If buyer isn't in a rush, could help them get the house
12:37 Purpose of walkthrough post-occupancy agreement
13:03 As a buyer, know the condition of the home at closing
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Intro with Shawna Uehling and Cherise Selley
0:27 Unexpected animal activity in Gleneagle
1:19 Last 7 days of MLS activity
2:28 Buyer multiple offer stories for 2023
3:28 Money speaks loud for buyers
3:49 A multiple offer story for a 2023 listing
6:25 Inventory is down for El Paso County
7:26 March 2023 sales activity and days on the market for El Paso County and Colorado Springs
7:57 Analysis of high-end homes in Monument and Black Forest
9:02 Seller psychology and how it's different for 2023
10:09 Average and median home prices for March 2023
11:36 Spring tips for getting your home ready for the market
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 - Intro Bill McAfee and Cherise Selley
0:58 - Racing Back to “Normal”
1:30 - Crash Market Vs. This Current Market
2:23 - Explaining 2020-2021 Real Estate Appreciation
3:00 - We Are Not Repeating a 2008
3:30 - 2023 Foreclosures and Short Sale Prediction
3:43 - Good News For Buyers Who Bought in These Past Years
4:33 - National Home Appreciation Over the Last Three Years
5:10 - Builders In 2008 VS 2023
5:28 - Loans in 2008 VS 2023
5:42 - Have This Mindset if You Buy Now We Are Not in Disney Times
6:26 - NAR National Housing Report Trend vs. Local Housing Stats
7:02 - 2022 vs. 2023 Prediction for Appreciation
7:41-Typical Appreciation for Real Estate in Colorado Springs
8:05 - National Housing Top Appreciation & Deprecation Areas
9:12 - Household Income in Colorado Springs vs. Home Pricing
9:53 - Tension Between Home Prices Needing to go Down & Supply Shortage
10:23 - Bill Dives Deep into Running Average for Home Prices
11:44 - Current List Price Vs. Sales Price Stats vs. Previous Year
12:38 - Denver Shrinking Inventory vs. Colorado Springs Inventory
13:33 - A New Kind of Sellers Market in Colorado Springs
14:43 - Average Number of Years in Colorado Springs to Own a House
15:36 - Sage Advice on Buying Your Residence vs. Investment Buying
18:05 - Bill Brings a Balanced Approach to the Market
18:30 - Bill and Cherise Speak about how Peak Producers Impact the Community
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 - 2023 Colorado Springs Market Intro with Bill McAfee and Cherise Selley
1:08 - Truth Dispels Fear - Running to Normal 2015 vs. 2023 Days on Market
2:14 - January 2023 Housing Stats and Insight on Average Price
4:03 - We Are Reaching Equilibrium on the Median Home Price
4:44 - Inventory is Shrinking Again in El Paso County
5:15 - It's a More "Normalized" Sellers Market
5:45 - Supply of Inventory for El Paso County
5:57 - Home Buyer Advantages for 2023
6:24 - Current Interest Rate Stories
7:04 - Bill's Theory About Interest Rates and Buyers Entering the Market
8:33 - Huge Builder Incentives are Spurring Interest with Buyers
9:02 - Story about Seller Concessions
9:39 - Bill's Formula for Determining if it is a Buyer or Seller's Market
11:36 - The New Sellers Market Advice and What to Expect
12:24 - New Listing Ratio Over the Last 7 Days vs. Price Reductions
12:46 - List Price to Sales Price Ratio for the MLS Over the Last 7 Days
13:40 - It's a Sellers Market … But…
14:31 - The Data Dispels Emotion and Sets Real Expectations
14:55 - Cherise Thanks Bill McAfee for Helping the Real Estate Industry
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
We are joined again by Karen Weller, a top loan officer, who has a background in all aspects of Real Estate. Cherise and Karen discuss the trajectory of pricing in the new year, how what worked last year does not work now and when it does not make sense for a buyer to buy.
Get Great Counsel. Explore with us some of the unexpected benefits to this current 2023 market.
00:00 - Karen Weller from Top Closer to Top Loan Officer
1:39 - December 2022 Home Stats vs. Nov 2022
2:21 - December 2021 Home Stats vs. December 2022
2:49 - The Trajectory of Pricing Starting 2023
3:28 - Inventory Stats for Colorado Springs
4:10 - Probability of Selling as a Seller Has Changed
5:14 - What Worked Last Year Does Not Work Now
6:05 - Looking At the Bigger Picture, It’s About Cash Flow
8:02 - When Does it Not Make Sense for a Buyer to Buy?
8:56 - Ways Buyers Can Reenter the Market for 2023
9:46 - First-Time Buying to Experienced Buyer Advice
11:11 - This Market Can Allow You to Have the Best Outcome
11:50 - Prices Haven’t Gone Down 32% But Buyer’s Purchasing Power Has
12:36 - A Buyer Might Afford the Home But Do They Want It?
13:04 - Creative Financing Ideas - Renovation Loans Explained
17:07 - A Positive Loan Discussion Can Help You in Your Unique Story
17:56 - Consider Selling Sooner Rather Than Later this Year
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✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
The Real Estate Show is kicking off the new year with our guest and friend Karen Weller, a talented loan officer with great wisdom and financial counsel to buyers.
Cherise and Karen chat about entering 2023 cautious, but optimistic. Karen explains that right now 75% of her contracts have seller concessions and how price and concessions are the magic formula for seller success. The recent interest rate jump is something Karen hasn't seen in the last 10 years, but encourages a change of mindset to make the numbers work.
00:00 - Intro Karen Weller and Cherise Selley
1:33 - The Years with Karen - Top Closer to Loan Officer
2:50 - December 2022 vs. December 2021 Real Estate Stats
4:00 - When 2022 Appreciation Happened And Pricing Now
5:32 - What Are Interest Rates Doing?
6:22 - The Majority of Contracts Have This Now
7:14 - Concessions Related to Karen’s Loans
7:46 - Price and Concessions Are the Magic Formula for Seller Success
8:24 - Purchasing Power 32% Less, Payment is 56% More Example
9:38 - How Do you Make the Numbers Work for You?
10:56 - Changes that Are Healthy for Buyers
11:58 - Karen’s Predictions for 2023 with Interest Rates
12:55 - See What that Rent Payment Looks Like on the Purchase Side
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Cherise sits down once more with Bill McAfee to continue their conversation from the previous episode. They touch base again on November real estate stats in El Paso County before diving into information on the current market, preparing deeds of trust, and forecasting the market in 2023.
Bill touches again on preparing deeds of trust for residential property in comparison to commercial property. Cherise and Bill compare the post-2008 crash market to today’s, noting some similarities and some major differences. They wrap up this episode by detailing upcoming buying opportunities and forecasting the growing economy of Colorado Springs.
Listen to this latest episode of The Real Estate Show to gain more market wisdom from Bill McAfee and Cherise Selley!
00:00 Introduction Bill McAfee and Cherise Selley
0:49 November Real Estate Stats for El Paso County
1:22 Anticipating End-of-Year December Stats, Buyer Opportunities
2:05 Timing, Buying in Cash vs. Financing
2:48 A Massive Market Change - 500 Listings to 2500 Listings in 5 Months
4:20 Market Fluctuations Have Changed Prices Rapidly - Don’t Panic
5:45 If You Bought Before the Start of 2022, You’re Fine!
6:25 Those who Bought and Held Long-Term Saw BIg Price Gains
6:45 Conforming Loan Limits Rising - Buying and Selling Perspectives
8:45 Forecasting the Housing Market for End of 2022, Start of 2023
9:55 Still a Seller’s Market, Even if Less So
10:40 Less Seller Concessions, Continuing Softening of the Market
11:12 Preparing Deeds of Trust
12:00 The Importance of Verifying Details on Deeds of Trust
12:45 Vacant Land and Commercial vs. Family Residential
13:15 Hiring An Attorney to Prepare Deeds of Trust for Residential Property
14:02 Loan Assumptions for Veterans, Others Eligible for Low Rates
14:40 Short Sales Increasing? Comparing the Post-Housing Crash to Now
15:30 Borrowing Post-2008 vs. Now, Renting vs. Continuing Mortgage Payments
16:01 Inventory Now and Into 2023
16:18 Companies Coming to Colorado Springs, Impact on Market
16:50 Buying Opportunities Upcoming
17:35 Thank you to Everyone Watching, Happy Holidays!
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Cherise sits down with Bill McAfee to talk about the economics of today’s housing market in comparison to the last few years. They touch on November’s real estate stats in El Paso County, interest rates in the short- and long-term, and the recent decrease in inflation.
Bill gives helpful advice on how a real estate agent should handle deals of trust for residential, commercial, and vacant lots. Cherise and Bill then discuss sustainability in the current market, and upcoming home buying opportunities. Listen to this episode to gain valuable insight into the economic standing of El Paso County and the US as a whole, and to hear crucial advice for our real estate market going into 2023!
00:00 Introduction Bill McAfee and Cherise Selley
0:47 November Real Estate Stats for El Paso County
1:55 Start of the Year vs. End of the Year Stats
3:01 Current Home Mortgage Interest Rates
3:25 Why Are Interest Rates Going Down?
3:45 Short-Term Rates vs. Long-Term Rates
5:40 Rise in Short-Term Interest Rates, A Slowing Economy, Falling Inflation
6:20 Inflation Takes Care of Itself
6:58 Current Inventory and Sold Listings
7:50 Household Income vs. Average Home Price in El Paso County
9:00 Home Prices at a High Right Now, will Soften Over Time
9:15 Who Should Prepare a Deed of Trust?
10:30 Deeds of Trust on Vacant Lots and Commercial vs. Residential Properties
11:20 The New Normal in the Real Estate Industry, Still a Seller’s Market
12:15 A Price to Pay for Sustainability
12:40 A Difficult Market to Pin Down
13:20 Coming Back to a More Normal Market
13:28 Some Opportunities Coming Up for Buyers
13:58 More of This Conversation to Come in Next Week’s Episode!
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
0:00 - 0:38 Introduction Shawna Uheling and Cherise Selley
0:39 - 1:08 We Are Thankful For You
1:09 - 1:41 Real Estate Stats for El Paso County
1:42 - 2:24 Active Inventory 2022 vs. 2021
2:15 - 2:37 Sales Comparison 2022 vs. 2021
2:38 - 3:14 Not a Crash and Burn but a Market Turn
3:15 - 3:35 Month’s Inventory on the Market
3:36 - 5:11 Advice if You Call us and are Listed with Another Agent
5:12 - 8:07 Intro to Dr. Ted Jones Economic Forum Highlights
8:08 - 9:15 Greatest Population Changes During CoVid
9:16 - 10:43 The Country vs. Jobs in Colorado
10:44 - 11:33 Will There be a Recession in 2023?
11:34 - 12:24 First Indicator of a Softening Real Estate Market
12:25 - 12:59 Is the Market Going to Get Better Next Year?
13:00 - 14:14 The Good News - Space to Process
14:15 - 14:46 Holiday Wishes to Our Dear Clients
In this episode, Cherise and Shawna recap the real estate statistics of Colorado Springs in October 2022 compared with October 2021, emphasizing the increases in home sale prices and available inventory. We are officially in a buyer’s market!
Cherise and Shawna share what they learned from a recent real estate forum, where nearly 500 agents were in attendance! Dr. Ted Jones, the chief economist of Stuart Title, shared his insights into the market of Colorado Springs and the national market. 50-60 slides of Dr. Jones’ presentation are available for interested listeners!
Listen to the podcast to hear where Colorado ranks among other US states in population increase and the current job market. You’ll also hear Cherise and Shawna explain why Colorado Springs has a strong and stable economy, even as the nation as a whole might be in for more downward economic movement in the next several months.
Finally, the hosts give helpful advice on long-term thinking in the real estate market, and the importance of planning for years ahead instead of months ahead. Listen now to hear how you can benefit from working with Selley Group.
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode, Cherise Selley cautions listeners that in the current changing market, buying with the mentality of short-term gains (like those sought by “flipping” properties) is not the way to go. Cherise and co-host Shauna Uehling share real-life anecdotes from recent client experiences that illuminate Cherise’s advice.
Cherise points out that a few years ago, it was a no-brainer strategy to buy a starter home and sell it in two years, which would enable the purchase of that “next-level,” family-friendly home. Is this still a smart strategy? Listen to learn more.
Cherise and Shauna also talk disclosure. As a realtor, do you have to disclose to a potential buyer if there was a death in the home? Is it the responsibility of the realtor or the seller to tell potential buyers about reported ghosts, hauntings and similar paranormal activity? Get the answers in this episode.
Finally, Cherise shares residential real estate statistics for October 2022 including Colorado Springs and all of El Paso County, Colorado.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode, Cherise Selley is joined by Judy Steenland to talk about creative finance strategies for buyers who haven’t been able to “get into the game” of buying a home in recent months, including the 5-in-1 ARM, buy-downs, and more.
They also discuss how staying put and making your current home work for you can actually give you an advantage when you’re ready to sell.
Finally, Cherise recaps residential real estate statistics for the Colorado Springs area in El Paso County for September 2022.
00:00 Intro Judy Steenland and Cherise Selley
0:51 Recap of September Stats for El Paso County
1:48 Housing Inventory Stats for El Paso County
2:37 25-Year Low on Mortgage Applications
2:45 Opportunities are Still Here Even in This Time
3:35 Think from the Perspective of a Home Buyer
4:25 Mortgage Assumptions Are Happening in This Market
7:19 ARM's Another Loan Option for Buying a Home
9:09 2/1 Buy Down for Home Purchasing
10:00 Companies Paying Cash for Homes Leasing to Buyers
10:35 Love the Home You Live in Until You Move
12:34 The Beauty of Real Estate is Found in the Art of It
13:07 Top Condition Homes Still Sell the Best
13:33 Find Your Fun - Pickleball While You Wait
14:38 New Ways to Create Money with Your Side Hustle
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
00:00 Welcome to The Real Estate Show
00:38 This Year Compared to Last Year
00:54 September 2022 Stats
02:13 Staying Ahead with Strategies
03:16 Hard Conversations with Sellers
04:22 More Active Listings Inventory
05:31 Judy Shares a Listing Story Without Multiple Offers
06:49 Loan Applications at a 25 Year Low
07:41 Interest Rates are the Highest in 20 Years
08:26 The Gap on Top of an Election Year
09:08 Cherise Shares a Story on Today’s Market
11:28 Listing Agents Vet the Offers and the Lenders
12:24 Fall Out of Contracts
13:40 Manage Buyers Fears as an Agent
14:47 Selley Group Has Years of Experience
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Bill McAfee is joining us again today, the President of Empire Title and Founder of Peak Producers which represents the Top 10% of agents in the Pikes Peak region.
We recap August Stats and discuss if the sky is falling and how in every kind of market there are deals. Overall, Colorado Springs is still one of the best locations to be in and competition for buyers is nothing like it was. Bill offers the advice to keep your payment about 25% of your Adjusted Gross Income.
Forecasting for 2022, rates will most likely continue to increase, including the recent increase to 6.8%, which is the biggest increase seen since around 2008. Every year we see people going to the sidelines in October as they wait to see what happens in the Election, so Bill predicts the year to not end strong. But as a buyer, he says prices will continue to ease, so it is one of the best times to purchase a home. Sellers that chase the market get hurt.
From a Title Company’s perspective, Bill mentions you must read the Title work for boundary line and easement discrepancies, HOAs bylaws and other things you may not realize. Bill tells a cautionary tale about illegally divided subdivisions and permits.
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Today we are joined by Bill McAfee the President of Empire Title and Founder of Peak Producers which represents the Top 10% of agents in the Pikes Peak region.
Cherise and Bill discuss what real estate can do to transform people’s lives and how since the start of forming The Peak Producers, there has been genuine care shown for the community. The organization has helped families find housing who would have otherwise been homeless, as well as support organizations such as Reclaiming Hope, Mary’s Home and the Rescue Mission bring programs and hope to those who are in need.
Real estate agents have a tendency to be looked at as greedy and money hungry as a perception, but Real Estate in the Colorado Springs community is different as The Peak Producers have allowed the top agents to merge together and combine resources, set aside big egos and connect to causes that bring agents close together.
Bill has been tracking the market numbers since 2003 and mentions how the past 3 years have been historic. In Feb 2015, the average time a house was on the market was 110 days. We touch on the August Stats and how the market is still up from the January numbers.
00:00 - Introduction of Guest Bill McAfee
2:08 - How Real Estate Can Transform People’s Lives
2:23 - Start of Peak Producers
5:19 - Giving Back Built Upon Itself
6:05 - How the Impact of Giving Hope Spreads
7:54 - Top Agents Merge Together and Combine Resources
8:52 - Unlocking a Voice Though Belief
9:52 - August Stats
10:53 - From a Rocket Ship to a Jet
13:58 - Colorado Springs Needs a Correction in Price
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
REEOPRBMLQP3ZJDF
In this episode, Cherise Selley is joined by Shawna Uehling to continue the discussion on how the residential real estate market is changing, specifically in the Colorado Springs area in El Paso County.
Cherise confirms that as the market continues stabilizing, the local market has cooled, but is far from frozen. She shares some quick stats, including average home price and median price.
Cherise offers key advice to give buyers and sellers strength in the days ahead and avoid becoming a victim.
For those who may be waiting for the market to crash before they buy, Cherise has something you should know.
Together, Cherise and Shawna also reveal which homes are currently selling briskly, and which are not, and provide an answer to the question, “If a home is on the market for 30-90 days or more, does it mean the home is deeply flawed?”
Finally, Shawna shares an anecdote about a recent transaction which sheds light on the importance of leaving a home in the same (or better) condition in which it was shown to the buyers for the first time.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In the midst of a correcting real estate market, Cherise Selley and Shauna Uehling discuss fresh statistics and how they can inform both buyers and sellers to create win-win transactions.
Among the points discussed include:
What is the current state of residential inventory in the Colorado Springs region? Are we still undersupplied?
Are foreclosures in the area skyrocketing? Will there be a foreclosure crisis in Colorado Springs this year?
Are we still in a seller’s market?
What can help bolster buyers’ purchasing power?
What are the best moves for sellers right now?
Cherise also shares some national statistics, juxtaposing the average monthly mortgage payment compared to last year with the change in the median household income during the same period of time.
Finally, Cherise shares some poignant, empowering advice for first-time and last-time buyers.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻
https://www.selleygroup.com/
REEOPRBMLQP3ZJDF
Shawna and Cherise give the latest market statistics for real estate sales in Colorado Springs, and discuss the overall strength of the market. Hint: it’s not crashing!
00:00 Introduction
00:52 Colorado Springs real estate market statistics for July
02:05 We’re still up significantly from this time last year
02:40 Prices might really just be stabilizing, and definitely aren’t crashing
03:44 The Colorado Springs market is still performing, compared to other markets nationally
05:05 There’s still a home shortage out there
07:01 What’s a balanced real estate market?
07:45 Don’t give in to fear
08:45 The strength of the local economy
09:05 Things aren’t on fire anymore, but there are still opportunities
10:15 Other ways to make real estate income
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Just a couple of months ago, sellers of single-family homes knew they could spend significant money on renovations, knowing they would recoup their investment and still earn a healthy profit.
However, the real estate market is changing. Showings are down and sellers are being forced to make price adjustments to their properties.
Now, homeowners looking to sell in the near future are wondering how much they should invest to get their home market-ready and give it maximum appeal. What upgrades should they make? How should they prioritize a potentially long list of projects?
In this episode of The Real Estate Show, Cherise Shelley is joined by Shauna Uehling, and together they offer valuable advice that sellers will want to hear to help get potential buyers in the door and make a great sale.
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
REEOPRBMLQP3ZJDF
In this episode of The Real Estate Show, Cherise Selley shares statistics for single-family residential real estate sales in El Paso County, Colorado (including Colorado Springs) for June 2022. She reveals the average and median home prices, and compares them to the same figures from May 2022, as well as back to January 2022 to illustrate a market that “is changing, but not dead.” She also shares inventory statistics.
Shauna Uehling joins Cherise to share a recent client anecdote that shows how market changes are affecting buyers of new construction. Listen to find out how a local home builder surprised Shauna, highlighting a dramatic contrast between what it was like to shop for new construction a few short months ago, and shopping for a new build now.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode, Cherise Selley is joined by Judy Steenland to discuss common mistakes buyers make in bidding wars and offer their sage advice.
They also offer some cautionary words for buyers about overpricing as the real estate market finds its new gravity. While the sky isn’t falling for sellers, Cherise and Judy warn that if they shoot for the moon, they might shoot themselves in the foot. They also answer the question: should buyers still bother to make repairs and stage their homes before putting them on the market?
Cherise provides a 30-day snapshot of single-family real estate in zip code 80132 in Monument, Colorado, including the number of active listings, average listing price, average sold price, and the differential between the two.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Cherise Selley and Judy Steenland review single-family residential real estate statistics for May 2022 in El Paso County, Colorado, with some fresh insights about pricing and inventory. Cherise also explains why the current market shift doesn’t necessarily spell doomsday for sellers.
Cherise also drills down in zip code 80921, the Northgate Corridor area of Colorado Springs, with a 30-day snapshot of residential real estate statistics, including the number of active listings, average listing price, number of homes sold, and more.
Finally, Cherise and Judy have a word of advice for fellow realtors on how to make both buyers and sellers happy.
Cherise Selley and the group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode, Cherise Selley is joined by Shawna Uehling who talks about turning two of her properties into short-term vacation rentals for platforms like AirB&B and VRBO. If you’re thinking about doing the same, Shawna offers advice on how to convert your property into a successful rental with consistent bookings that delights guests.
Cherise and Shawna also break some news about the “lumber bubble” that may be a relief for those set on new home construction, plus they offer tips for sellers in light of recent shifts in the real estate market.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country.
Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
They’re here! In this episode of The Real Estate Show, Cherise Selley shares real estate statistics for single-family homes in El Paso County, Colorado for May 2022. How have the average and median home prices changed since last month, and this time last year? What’s happening with inventory? (Hint: there may be a glimmer of hope for first-time buyers!)
By the way, have you ever wondered, what’s the difference between the average home price and median home price? You’ll get the answer in this video.
Cherise is joined by Shawna Uehling, and together they discuss the results of a recent national survey suggesting that a large percentage of home buyers regret their recent purchases, particularly when it comes to the type of mortgages they took on. Shawna explains both the jumbo mortgage and the ARM (adjustable rate mortgage), and advises how current home buyers can avoid buyer’s remorse.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country.
Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
As the real estate market shows definite signs of shifting, you might feel like you’re on the edge of your seat. So are real estate professionals! But lucky you – you have Cherise and Judy to navigate you through the choppy waters and translate those quick changes into what it really means for you.
In this episode, Cherise and Judy discuss new price reductions and the number of new listings in the El Paso County, Colorado residential market. They also caution sellers not to panic, and share the good news for both sellers and buyers.
Additionally, they share the challenges behind assumable loans, explain Zillow’s “zestimate”, and caution sellers against overpricing.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country.
Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
“This isn’t March’s market,” says Cherise Selley. Indeed, the real estate market for single-family homes in the Colorado Springs area is finally changing to a degree that requires buyers and sellers to shift their strategy.
In this episode, Cherise and Judy lay out the statistical indicators of change, including the average sale price of a home in El Paso County for April 2022 and how it compares to March 2022 and April 2021. They discuss inventory, the average number of days on market, and the number of price reductions in the last seven days.
Most importantly, Cherise and Judy translate what these stats mean for buyers and sellers. What will buyers’ expectations be going forward? Will some sellers get in their own way with a mindset that’s “stuck back in February”? What new strategies will be most effective for sellers?
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Shawna Uehling joins Cherise Selley in this episode of The Real Estate Show to offer tips on how to minimize the threat of spreading fire with landscaping choices, and how to conserve water in a drought.
Shawna and Cherise also offer advice on how buyers moving into an unfamiliar community can get oriented and feel settled more quickly, particularly in the Colorado Springs area.
0:00-0:52 - Shawna and Cherise and their History
0:53-1:38 - April Real Estate Stats
1:39-2:12 - Predictions About the Coming Market
2:13-4:49 - Drought Resistant Landscaping Ideas
4:50-5:03 - Colorado is Alpine Desert Climate
5:04-5:40 - Graywater Storage
5:41-6:30 - Look at Your Yard Differently - Water Conservation
6:31-7:47 - Tips for Buyers Moving Into a New Area
7:48-10:58 - Experience These Locally Owned Restaurants in Colorado Springs
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Shawna Uehling joins Cherise Selley in this episode of The Real Estate Show to discuss changing headwinds in the real estate market. They provide valuable advice for buyers who may have been shut out earlier in the year, and advise sellers on opportunities for the greatest gains during this shift.
Cherise also shares statistics on single-family home sales in El Paso County, Colorado for April 2022, including average home sale price and how it compares to last month and this time last year.
00:00 Intro Shawna Uheling and Cherise Selley - the Headwinds are Changing
0:45 April 2022 Average Home Sales Price Stats for Colorado Springs, El Paso County
1:44 Average Home Price January to April is up by $66,953
2:14 Months Supply of Inventory for April 2022
2:35 Buyers You Finally Have Options - Increased Inventory Stats
3:09 Shawna’s Practical Experience of Listing Changes in the Market
4:22 Development Opportunity and a Builder’s Feedback
4:59 Buyers that May Have Been Out of the Market Start Looking Now
6:06 Current Advice to Sellers - Navigating the Shifting Market
8:23 Current Advice to Buyers - Navigating the Shifting Market
11:01 We Are Here So You Can Have Guidance
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode of The Real Estate Show, Cherise and Judy discuss some of the regrets coming to light from both buyers and sellers in the midst of a mad market, citing surveys and personal experience. As a buyer or seller, what they have to share can help you sidestep mistakes. As a realtor, their insights can help you protect your clients’ interests.
Additionally, Judy talks interest rates. We’re currently seeing the biggest and fastest hike since 1994, but where are rates going from here? Judy offers her prediction.
Cherise reveals two unconventional and lesser-known lending programs that can help buyers compete.
Finally, Cherise shares some 30-day real estate stats for El Paso County, Colorado, including average list price, average sale price, and average differential, for the following zip codes:
80906 Southwest/Broadmoor
80918 Central Colorado Springs
00:00 - Intro Judy Steenland and Cherise Selley
0:31 - Interest Rate Hike is the Biggest Since 1994
1:05 - Pricing is Still a Supply and Demand Issue
1:46 - Average Price of a Home in El Paso County, Colorado
1:59 - 80906 Zip Code Average 30 Day Price Stats
2:47 - 80918 Zip Code Average 30 Day Price Stats
3:32 - Buyers, You Might Have to Lower Your Price Bracket to Escalate
3:43 - Creative Ways to Buy a Home from Lock and Shop Loans to A Lending Company that will Pay in Cash for Your Home
5:32 - How Does a Contingency Affect Your Offer?
6:47 - What are the Top Buyer Regrets?
10:59 - What are the Top Seller Regrets?
14:14 - Let us Help You Stay in Traction in this Market
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
In this episode of The Real Estate Show, Judy Steenland brings news about climbing interest rates, and both Judy and Cherise share recent, real-life anecdotes about how interest rate changes are affecting buyers. Is the jump impacting showing trends and multiple offers? Watch and find out.
Cherise and Judy also illuminate important steps that realtors and buyers should take in light of interest rate changes.
While official sales stats are not yet available for April in El Paso County, Colorado, Cherise Selley shares the average list price and sale price for two zip codes in Colorado Springs over the last 30 days:
80924 - near Powers Corridor, Wolf Ranch
80908 – near Black Forest, Cathedral Pines, Flying Horse
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode, Cherise Selley is joined by Shawna Uehling to talk about what makes Colorado Springs such an enticing choice, from its stunning natural landscape to its robust business climate.
Booming growth in Colorado Springs is transforming it into a more relevant city than it used to be, and that growth trend continues as large industrial building projects on the horizon are expected to bring more jobs.
Cherise and Shawna also discuss how COVID impacted commercial real estate and the overall business climate in Colorado Springs. What they have to say might surprise you. They touch on three segments of the commercial real estate market: office space, retail, and industrial.
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this episode of The Real Estate Show, Cherise is joined by Shawna Uehling who provides valuable insight for realtors whose buyers are unlikely to win their first-choice home in the current, highly-competitive market, and how to write a happy ending.
Cherise and Shawna also address buyers who decided to “wait it out” and buy when the market stabilizes, and answer the question: is it better to wait, or go ahead and buy – but more strategically?
Cherise also shares the surprising March 2022 stats for single-family residential real estate in the Colorado Springs area, including average home price, median home price, and average days on the market.
00:00 - Intro Shawna Uehling and Cherise Selley
0:43 - Average Home Price Up 5% in a Month
1:41 - What Does the Price Increase Mean in Dollars From February to March?
1:58 - Median Price of Homes in El Paso County for March
2:11 - Average Days on Market for Colorado Springs & Offers Deadlines
2:37 - Still in High Demand Low Supply Market
2:53 - What Do Higher Interest Rates & Rising Prices Practically Mean to a Buyer & a Seller?
4:16 - What is the Payment Difference for the Same Average Home Now vs. A Few Months Ago?
5:20 - Be Strategic in How You Buy vs. Waiting
5:54 - Shawna’s Other Side of the Story - Buyers Who Waited Too Long
7:26 - Shawna’s Strategy Got a “Win” for Her Buyer
Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
How can you, as a realtor, position your buyer client to WIN among dozens of competitive offers – even over CASH offers when your buyer brings a loan?
In this episode, Cherise and Judy get specific with a list of savvy, nitty-gritty tactics that actually work, and emphasize the importance of educating buyers about the realities of the current market.
Cherise also shares some eye-opening single-family residential sales statistics, for both the Colorado Springs area and nationally.
Learn the 30-day average list price, sold price, and percentage differential for two Colorado Springs neighborhoods: the Briargate area (zip code 80920) and the northwest foothills (80919).
Also, find out how much the national market skyrocketed in just one month, and where you’ll find the peak markets.
00:00 - Introducing Cherise Selley and Judy Steenland
0:38 - 30-Day Average for Solds for 80920 Zip Code
1:52 - Your Highest and Best is your First Offer
2:04 - National Statistics for Escalations
2:26 - Day Average Price for Sold Homes in 80919 Zip Code
3:07 - Price Differentials in the Entire Spectrum of the Market
4:01 - 196 Sq. Foot Home off of 30A in Florida on the Market for 5,600 a foot
4:45 - 800 Sq. Foot Selling for 1.2 Million in San Diego Story
5:10 - Buyers, Be Prepared!
6:09 - Frisco Texas Home Had Over 400 Showings and 47 Offers
6:31 - How Does a Buyer Compete Against So Many Multiple Offers?
8:09 - Story of How Cash Offers Competed Among Multiple Offers
9:06 - What Was the Top Tier of Offers Doing out of 47 Offers?
9:31 - Buyer Be Prepared For These Things First Before You Offer on a Home
11:30 - Giving the Seller Time to Stay in the Home After Closing Can Help Your Offer
12:30 - These 12 Top Performing Real Estate Markets Reach Peak Median Prices
13:50 - Buyers and Sellers - It Isn’t A Time to Wait, But Be Prepared
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
If you’re thinking of buying a home as an investment property in the Colorado Springs area or elsewhere, what should you be looking for? In this episode, Cherise and Judy share specific considerations, including the one piece of homework investors absolutely must do before buying.
Cherise reviews 30-day single-family home sales stats for two zip codes in the Colorado Springs area: Monument and the Interquest Corridor, including average list price, average sold price, and the differential between the two.
And with sale prices jumping so dramatically month over month, making comps meaningless, how do you price a home? Judy offers a tip.
00:00 - Welcome to The Real Estate Show
0:01 -:59 - Judy Steenland and Cherise Selley Intro
1:00 - 1:20 - Intro to Sales Stats Comparing Zip Codes
1:21 - 2:28 - Pricing a Home Changes Daily
2:30 - 3:32 - Zip Code 80132 30-Day Home Sales Stats
3:33 - 4:48 - Zip Code 80921 30-Day Home Sales Stats
4:49 - 5:33 - How New Construction Affects the Stats
5:37 - 9:04 - Look for These Things in a Home if You're an Investor
9:05 - 10:06 - What is PCS Season & What it Means
10:07 - 11:12 - The Way you Start an Investment may not be the Way it Ends
11:13 - 12:05 - Beware of Buying in an HOA for Short Term Rental Use
12:13 - 13:00 - What Will a Renter Look for When Considering Your Property?
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Cherise welcomes back Shawna Uehling to discuss the “hidden need” in the residential real estate market: Accessory Dwelling Units. A home with an ADU incorporates a separate and attached dwelling with its own entrance that can be used as a rental, for aging parents, or guests. Cherise and Shawna discuss just how in-demand homes with ADUs are, especially for multigenerational living, and how they can add tremendous value to a home, which is paramount for the community of Colorado Springs, Monument, and nationally.
Cherise also shares real estate stats for February 2022 in El Paso County, Colorado, including the average price and median price of single-family homes and how they compare to last year’s figures.
00:00 Welcome to Episode 39
0:43 El Paso County sales between Jan of 2022 to February 2022
0:59 Average price is up 4% in a month
1:21 Median price went up 4.5%
1:43 Average days on the market stats
2:03 The number of active home stats for sale in El Paso County
2:15 Gazette article startling inventory stat
2:30 The number of existing home stats for sale in El Paso County
2:53 Shawna’s multiple offer listing story - 50 showings in 26 hours
3:35 The market organically brings up the value if it is priced right
3:50 Pick the entry point of a price
3:57 Shawna continues with the listing story
4:45 Cherise’s luxury market listing & the hidden housing need in our market
7:40 ADU may have added 100’s thousands to the bidding war frenzy
8:46 Shawna’s new custom home has met this need in housing trends
The Real Estate Show talks about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Cherise welcomes back Shawna Uehling to discuss the real estate experience for buyers, sellers, and realtors, both nationally and locally to the Colorado Springs area.
Shawna touches on interest rate activity in recent weeks and how it’s being affected by global unrest, and enlightens buyers to how cleaning up their financial picture can have a significant impact on their purchasing power.
Cherise discusses the explosive growth happening in Colorado Springs, and gives thanks to Mayor John Suthers for what he’s done to make the local business climate so attractive.
Cherise and Shawna also take note of one new and notable way that the city’s explosive growth is affecting local housing.
00:00 Intro
00:45 February Recap - Average Sales Price in El Paso County
1:18 Average Days on the Market for El Paso County
2:07 Seller tolerance for timeframe to respond to offers
2:37 What are interest rates doing?
3:15 Your credit score and how it affects interest rates
5:05 Colorado Springs economic growth as stated through Mayor John Suthers
6:16 Mayor John Suthers told Cherise what he is the most proud of accomplishing
7:45 Field of Dreams analogy
7:57 Infrastructure attracts business
8:22 Where is the hottest commercial growth happening in Colorado Springs?
9:53 How is housing affected in this time of explosive growth?
10:20 Colorado Springs is getting ready to build its first rental neighborhood
11:36 National trend statistics for homes built as rentals
12:38 Sellers it is time to list now don’t take the market for granted
On The Real Estate Show we talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this fast-paced real estate market, should you wait until later this year to sell? Will your home sell regardless of what you do to your home? What is elasticity in the marketplace? How do you position your home to get the highest profit from the sale?
We will explore the answer to these questions and more, including the advantage of doing pre-listing mini renovations. These tips will give you excellent guidance and set you up for the ultimate success in the Colorado Springs real estate market and beyond.
In this episode, Cherise and Judy explain why, in the current market, it may not be in a seller’s best interest to wait until summer to list their home. They also go into valuable detail about why it’s often worth making small, easy repairs and upgrades to a home before listing it – even in a market where homes in the worst condition are selling. Judy shares exactly what types of “mini-renovations” result in the highest bids and quickest sales, and what buyers are looking for, which can help guide a seller's choices.
00:00 Even in a Hot Real Estate Market, These “Mini-Renovations” Can Pay Off Big for Sellers
1:09 - List Early This Year
2:54 - Do I have to Do Anything To My Home to Sell It?
3:51 - The Elasticity of the Market
4:06 - You Can Set the Bar as the Next Comp for Your Neighborhood
4:35 - Mini Renovations Will Help Your Home to Sell for More Money
6:38 - Make the Most Money on Your Sale iBuyer Can Harm Your Profit
7:58 - Intro To Seller Mini Renovations & Maximizing Your Profit
8:00 - 70% of Sellers Do This to Sell Their Home
8:25 - Appeal to the Whole Buyer Pool
9:53 - These Mini Renovations Will Make You More Money
14:28 - Investor Tip - The Two Things To Always Do When Selling Your Home
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Amidst global anxiety over turbulence in Ukraine and an evolving pandemic, the sense of safety and stability that home ownership brings continues to drive a frenzied real estate market. But Americans looking for a place to call home aren’t the only ones creating demand. In this episode, Cherise and Judy discuss another category of buyer that’s bringing an already “crazy” real estate market to a fever pitch. They also address how what’s going on in Ukraine may affect interest rates, and share a simple formula that can tell you how an interest rate change may impact your purchasing power. Judy speaks to the challenge of pricing homes, and Cherise addresses the rise in buyers purchasing older homes that need work, and how realtors can bring specific value and guidance to these clients.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
0:00 - Intro Judy Steenland
0:30 - What is going on in the real estate market?
1:39 - Home continues to form a different meaning through these turbulent times
1:50 - 1/10 Interest Rate Formula Rule
2:30 - Be Aware But Don’t be in a Frenzy
3:04 - Is the Market Going Down Tomorrow?
3:50 - Interest Rate Changes Affect What You Are Buying
4:21 - Be Fully Prepared to Buy
4:55 - Money is Not Gaining Value Parked in a Bank Account
5:24 - Investors In the Market
6:00 - Don’t go on a Buyer Frenzy if you Are Not Into It
6:21 - Surge of Early Listing Activity
6:44 - Cherise’s Luxury Home Listing & Multiple Offer Activity
8:29 - Pricing Homes & The List Price is the New Suggested Starting Price
9:28 - Buyers are Buying Older Homes Due to Supply Issues
10:53 - What is in Your Thought Process?
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
In this jam-packed episode, Shawna Uehling rejoins Cherise to discuss how the current real estate market has forced realtors and buyers to adjust their approach to house-hunting. They dig into the importance of mentally preparing clients for a buying experience that may be dramatically different from what they imagined, with no time to “sleep on it” when deciding to make an offer; comps that “no longer make sense”; and going up against competing buyers who may be corporate conglomerates or even government entities. Another key topic: honesty SELLS!
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Realtor Shawna Uehling rejoins Cherise to discuss the newly released residential real estate statistics for January 2022 in El Paso County, Colorado. Cherise explains why the current housing bubble – what she sees more as a housing “riptide” – is so different from the 2008 real estate crash. Shawna has her ear to the ground for what’s expected to happen to interest rates in 2022 and shares her observations and intel. Cherise also discusses how competitive buyers are winning homes by waiving inspections, and why it’s not always a true “winning” strategy.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Realtor Shawna Uehling joins Cherise to talk about design trends for 2022 which can inform your choices when renovating or staging a home to appeal to today’s buyers. From the rising popularity of multi-functional spaces to bringing the outdoors in, Shawna and Cherise share real-life examples of how they’ve incorporated these trends at home. Shawna reveals the accent color that’s currently “in” and suggests several ways to use it, and talks about some of the newest, most popular tile shapes.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Real estate isn’t just a transactional experience – it’s a human experience. Realtor Shawna Uehling joins Cherise to reflect on her recent emotional experience moving from her home of 14 years, and how it deepened her empathy for her clients. She discusses how realtors can support clients whose sale and/or purchase represents a significant life change. They address the question, “Should I wait until summer to list my home?” and touch on how potential sellers can prepare. Finally, Cherise shares some January 2022 real estate stats for El Paso County, Colorado, and talks about how rising interests rates are affecting buyers now.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Shocking things happening in the current real estate market – unprecedented things that seasoned realtors like Cherise and Judy have never seen. This is especially true in custom home construction. In this episode, you’ll hear about the issues impacting new home construction for buyers, from supply shortages to sudden contract cancellations and price hikes by builders. Buyers are plagued by time delays and increased costs, but could it still be worth it to go custom in the long run? Find out! You’ll also be astonished to learn the average nationwide gain from owning a home over the past ten years, and what it could mean for first-time buyers now.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
In this jam-packed first episode of 2022, Cherise updates us on El Paso County real estate stats for December 2021. Cherise and Judy predict what the market will do in 2022, and discuss how interest rates can affect a buyer’s purchasing power even more than home prices. Judy shares news about interest rates for second homes for 2022. Cherise talks about the new trend of Millennials and Gen Z buying investment properties before their primary residences, and weighs in on whether this will become the “new normal”. And for those who aren’t sure if it’s time to buy, Judy answers the question, “Do the benefits of owning still outweigh renting?”
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Shopping for a home during the holidays? It’s not such a crazy idea! Shawna Uehling reveals how it can be a big win for buyers. Whether or not you’re busy with a home search, you’ll want to hear Shawna’s holiday entertaining tips for minimizing your workload, so you can actually enjoy your own gatherings. (But if you get stressed anyway, you’ll want her cocktail recipe!)
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
With the holidays upon us, should buyers suspend their home search until the new year? Is it worth putting a home on the market during the holiday season? Can sellers expect to get many showings in November & December? For those who list, do holiday decorations have a negative or positive affect on how well a home shows to prospective buyers? Judy has the answers!
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Cherise and Judy share October 2021 real estate stats for El Paso County, Colorado, and continue their discussion of iBuyer transactions. They reveal how realtors can prevent sellers from leaving substantial money on the table when an iBuyer offers the “convenience” of an as-is sale – and at the same time, spare the seller from the hassles of repairs.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Even in the midst of a real estate transaction, there’s the possibility of romance! Cherise shares a sweet client story, reminding us that working in real estate is about people first, and how important it is to cultivate great relationships with clients and fellow realtors. We’ll also reveal the big COVID-related change in real estate that we think is here to stay!
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
What’s an iBuyer? Judy explains how a corporation may step in to make an instant offer on a home, accept it as-is, make repairs, then resell. Sellers are attracted to the convenience of an “as-is” sale, but how much money are they leaving on the table? And how much could a buyer overpay without proper coaching from a realtor? Judy breaks down the numbers on a recent iBuyer flip.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
If you’re afraid that you can’t afford a home in the current market, this is the episode you won’t want to miss. Shawna Uehling joins Cherise to help answer the question: are we in a housing affordability crunch like in 2006? The answer might surprise you. Sharing some eye-opening statistics, Cherise paints a realistic picture of the true affordability of residential real estate.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we’re based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
Shawna Uehling joins Cherise to talk about a growing trend in the Colorado Springs real estate market: buyers investing in properties to use as AirBnB rentals. Vacation rentals can generate substantial income, but as you’ll hear, owning them is not all fun and games. In this episode, you’ll also learn about some changes in the local real estate market with stats for September 2021.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we’re based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygroup...
✅ https://www.facebook.com/SelleyGroupR...
👨💻 https://www.selleygroup.com/
We continue our chat about the importance of spiffing up a property, even in a sizzling seller’s market. Have a limited budget for improvements? No worries! We share how to get the biggest bang for your buck. NO budget for updates? We reveal how our sellers made their spaces feel fresh with a little elbow grease and home accessories borrowed from our own staging collection.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
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There’s “money in the details” when preparing to sell. In a hot seller’s market, many homeowners assume their home will sell quickly for top dollar without putting any work into it. But in this age of HGTV, buyers expect updated, well-staged homes. We’ll share real-world anecdotes to show that staging, repairs and touch-ups pay off, plus real estate stats for Colorado Springs, July-August 2021.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Judy & Cherise talk about the recent real estate market numbers nationally and in the Colorado Springs area, along with what these numbers might mean for someone looking to buy or sell a home. Cherise shares a pretty intense situation that happened last week as a property was about to close, and Judy gives us the scoop on mortgage moratoriums in the luxury market and how the end of foreclosure and eviction moratoriums might increase the market inventory. And finally, with short term rentals such a large percentage of real estate transactions these days, we also talk about what short term guests are looking for, and how this might inform a short-term investment purchase.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
We talk today about some recently released national real estate statistics for June, 2021, from the National Association of Realtors — some hyperbolic numbers, yet again, on inventory and appreciation figures but also some signs that things might be cooling a bit. We compare these national figures, with our local ones, and talk about what this all means, and where this all might be going.
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
Wondering how price escalations work with a home for sale in this energetic real estate market? We discuss what actions a seller or Realtor can take to create the right conditions for an escalating sales price (and also what can deflate the energy around a sale). We also talk about the importance of actually seeing a home before bidding on it! SMELL, anyone!?!?
Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!
Although we're based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.
The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!
✅ https://www.instagram.com/selleygrouprealestate/
✅ https://www.facebook.com/SelleyGroupRealEstate
👨💻 https://www.selleygroup.com/
The average price of a home in El Paso County for June of 2021 was just released by our local MLS and stands at $502,961, up 25% from a year ago! There’s a 47.5% less active supply from a year ago … and just 0.4 months, or 12 days supply of inventory. Is this going to get better? Is this going to get worse? What does the market hold? Qualitatively, we are seeing a bit more inventory and more houses for our buyers to look at right now at least (in the past couple weeks) … but everyone is asking themselves, how long will these conditions last?
Security breaches are at a high - allowing the hacker to infiltrate your email account. They're looking for opportunities to steal important information, especially when someone is wiring money to purchase a home. Once the money is wired, it's gone. Everyone is vulnerable.
The people we work with never rely on email documents alone. We want our clients to talk directly to the title company to share personal information.
We also discuss if we're in a housing bubble and how houses are selling this summer, as well as how Colorado Springs is developing!
Home prices continue to soar in Colorado Springs as we head into the summer. The number of showings may be down, but houses are still selling quickly. Even with the crazy offers, there is still just a 5% fallout on offers. Although, if your offer doesn't get chosen, you still have a chance to win the home if other offers fall through!
We also touch on a recent experience with a forged signature on a title commitment. Be sure to tune in to hear the details of this crazy story!
Your home is your blank canvas to create a place you love. As experts in real estate, we understand the value a renovation can bring to your home before you list it for sale. Join us as we walk through how renovation can help you maximize your profit.
If you've been thinking about renovating, you don't need to do it alone. Find a team who can bring knowledge to the project and guide you through every step! Plus, we discuss how the seller's market is impacting rentals here in Colorado Springs.
This market is not for the faint of heart, but don't lose heart!
Despite more homes for sale and less showings, we are still in a critically low inventory market. In Colorado Springs, there are just 300 homes for sale. However, prices won't decrease just because of the increase in inventory.
If you're selling right now, be patient, work with a trusted realtor, and you can still have great success selling your home!
Today we’re talking about some of the latest articles in the real estate world. People are flooding out of certain states and moving to places like Colorado Springs - which is why there’s 30-40 offers on some homes! Because of Colorado Springs great lifestyle plus lots of jobs and amenities, people WANT to live here! When you buy a home, you’re not just buying the home, you’re buying the lifestyle.
In addition to the increase in people moving to Colorado, there is also an increase in vacation home purchases. Join us as we discuss these hot topics in the market right now!
We are still seeing some big momentum at our listings in Colorado, however showings are slowing down slightly. In Colorado Springs, we're seeing about an $8,000 increase month over month. Besides the difficulty of finding a home, the rental market is also seeing limited inventory. It's ultimately a supply and demand issue.
So, what can you do while you're on the sidelines waiting to buy? SAVE! Cash is king and having the appraisal difference is huge for winning an offer.
In this market, sellers are getting tons of offers and having to navigate which one will be best for them. It is crucial that you work with a realtor who knows local lenders and reputations to help you navigate the difficult market.
People are in fear of foreclosure due to the pandemic. However those people can still sell their home and not be upside down. We may not have the answer to when the market will change, but we are optimistic about the market here in Colorado Springs and nationwide.
FSBO can be tempting, but it can lead to a lot of empty inquiries and wasted time. Shawna shares a story of taking on a FSBO seller and helping her to a successful sale. Even in this crazy seller's market it is so important to have great representation. It takes years of experience to be able to navigate real estate and there's no reason to try to do it alone.
We also answer the question...when will things return to normal? Tune in and hear our answer!
We're talking about NEW homes on this episode. The new build process is an exciting process as you take a blank canvas and bring it to life!
We specifically discuss some of the building challenges due to the pandemic like lumber, wire, and resin shortages. Interest rates are still low, so it is still a good time to build.
Shawna and Cherise, friends and business partners, are chatting about their real estate experience. Many people are making moves following the pandemic due to flexible work and a shift in lifestyle. These moves are playing into the insanity of the current market. Buyers are making BIG offers and still not winning the bid.
In real estate, you need a realtor who can help you pivot out of a situation and find a successful strategy to find a home.
When will the low inventory change? There is a nationwide home shortage of 4 million homes. The shortage has been building up for years since the recession. There’s also been a moratorium put on foreclosures since the pandemic. There are 2.7 million homes in forbearance right now, however they may not eventually be sold at discounted rates. Another cause of the low inventory is the outside companies coming in and buying homes.
While some of the circumstances may change, some outcomes may stick around permanently. For example, there’s more value put on the home that’s chosen since people are spending much more time at home.
Today, we’re sharing some REAL real estate stories and information about the current market. This market has led to extremely competitive buyers and intense offers! We are constantly having to learn and adapt to keep up with this market. There is little to no room for negotiation at any price point, leading to extreme challenges for buyers. The listing price is essentially a starting bid!
Join us in this conversation on the challenges of the market and why it’s worth staying in the fight for a home!
Being prepared in real estate doesn’t just apply to sellers, but also to buyers. It’s an extremely tough market for buyers and not everyone should be buying right now. Above all else, any potential buyer must have their finances in order before they begin their search.
One of the most important steps is to get a pre-approval. It shows that you are fully approved on the offer you are writing - which makes a big difference to a seller. You also need to have the additional funds available beyond the appraisal. If there’s no safety net of savings beyond what you’re spending on your home, then it may be best to wait to buy!
It is absolutely crucial that buyers are prepared when they’re ready to purchase a home. With the crazy market, buyers must be ready to make their best offer as soon as the time comes. Preparedness is also just as important for sellers. Staging alone can increase the sales price of your home by 1-5%. It may seem like a waste of time in this seller's market, but it can absolutely make a difference in your success.
Expectations of buyers are greater than ever before. People are willing to pay for something that feels complete; they want the home to feel fully done. Don’t take this crazy market for granted – it won’t last forever.
Today, we’re bringing you more tips and advice for real estate success! Like we talked about in the last episode, preparedness is crucial to success. It’s important to make sure you’re doing renovations and decluttering before you’re ready to make an offer on another home. Take those steps to cross off your prep list before you get stuck in a time crunch – it can be the difference of thousands of dollars when you sell!
We’ll also be touching on some of the steps that realtors have to go through to make a sale happen. Whether you are buying or selling, you absolutely need a realtor by your side to navigate the difficulties of the current market. Why not have representation in this market?
Across the country, the real estate market is spinning. We're here to be your guides as you try to navigate this real estate craze. We'll explain our perspective on real estate - quality over quantity and how we help people make good decisions amidst the panic of the current market.
In real estate, there is never one client that is the exact same. We have a buyer consultation at the beginning of your real estate journey so that we can serve our clients best. It allows us to understand their needs and find them the perfect home.