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Tammy Petit

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Eclipse 2017 - Monday

by Tammy Petit

Are you watching the #Eclipse2017 on Monday? Lucky for us NASA is streaming it live so no matter where you are you can watch with millions of others!

 
 
August 21 at 10:00am
NASA - National Aeronautics and Space Administration plans to go live.
Get Reminder
 
NASA - National Aeronautics and Space Administration plans to go live.

On Monday, Aug. 21, all of North America will be treated to an eclipse of the Sun, and NASA will carry it live from coast to coast from unique vantage points on...

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862 Russellville Road- Click on Video

by Tammy Petit

Gorgeous Home for sale in Franktown - Click on the video below to see all the amenities this home has to offer.

​http://tours.mediamaxphotography.com/public/vtour/display/620772

Set up a showing with us today!

First Time Home Buyers, For Buyers, Move-Up Buyers

by Tammy Petit

 

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). 

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)! 

Put Your Housing Cost to Work for You

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:

“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home. 

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, please call us.


It May Be Time to Sell!

by Tammy Petit

Hey, Millennial Homeowners!! It May Be Time to Sell

Hey, Millennial Homeowners!! It May Be Time to Sell

Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.

Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers’ Tax Credit and jumped into homeownership in 2010. If you are one of these buyers, now may be the time to sell for many reasons. Here are a few:

1. Equity Build-Up

Home prices have been on the rise since the beginning of 2012 and your house may have appreciated by more than you think. ATTOM Data Solutions, in their Q2 2017 U.S. Home Sales Report revealed that:

“…homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain for home sellers since Q2 2007, when it was $57,000.

The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.”

2. Projected Home Price Increases

If you just got married or just found out you are about to become a parent, you may have plans to move up a bigger home or perhaps move to a different area. Waiting to buy a more expensive home in this market probably doesn’t make sense. The experts contacted for the Home Price Expectation Survey are projecting home prices to increase by nearly 5% over the next year. Yes, your house’s price will increase but not as much as a home currently valued higher than yours.

3. Projected Interest Rate Increases

The Mortgage Bankers’ Association, Freddie Mac, Fannie Mae and the National Association of Realtors are each projecting mortgage rates to increase over the next year.

Higher PRICES + Higher INTEREST RATES = LARGER MORTGAGE PAYMENTS.

Bottom Line

If you are lucky enough to be one of those Millennials who purchased a house in 2010 (or even later), now might be the perfect time to move up to the home of your dreams!

1560 OLYMPIA CIRCLE 207, CASTLE ROCK, COLORADO

 

 

PROPERTY DETAILS

ACTIVE

$258,000

LISTING INFORMATION

  • MLS: 6764344
  • Bedrooms: 3
  • Baths: 2
  • Partial Baths: 0
  • SQ FT: 1540
  • Lot Size: 0

PROPERTY DESCRIPTION

A rare 3 bedroom, 2 bath unit with a garage in Sawgrass at Plum Creek! These larger units don’t come along often! This home features a large open floor plan with lots of natural light! There is a great room with fireplace, a large eating area, a large kitchen with plenty of cabinet space and it includes all of the appliances. There are two full bathrooms. A large master retreat with private bath and a large walk-in closet. Two large additional guest rooms… one could double as an office if needed. A new furnace in January. All new roofs on the buildings. Newer carpet and tasteful neutral colors. Plenty of storage off the deck. Custom tile and finishes. Central Air! Community pool with a hot tub! Golf course community! And your own garage with opener! The complex is doing some wonderful landscaping projects and they will be done by the end of August. Come see for yourself today!

Congratulations Rocky & Cathi!

by Tammy Petit

Congratulations Cathi & Rocky! It has been such a pleasure helping you sell your home. The Meridian Group thanks you for your continued business! Wishing you the best of luck in this new chapter of your life.
🎉🏡🗝️

Image may contain: outdoor
 
 

Virtual Tour - 862 Russellville - Franktown

by Tammy Petit

Check out this virtual tour of our listing in Franktown.  A beautiful home.

 
www.862nrussellville.com

Are you looking to make a move?

by Tammy Petit

 

Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and…
keepingcurrentmatters.com
 

Do You Know The Cost of NOT Owning a Home?

by Tammy Petit

Do You Know The Cost of NOT Owning a Home? WHEW! Look!

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that:…
simplifyingthemarket.com
 

Another Listing Sold!

by Tammy Petit

Image may contain: house and outdoor

Congratulations to Audrey, Aaron & Kristopher on their sale by The Meridian Group!

Displaying blog entries 1-10 of 409

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Tammy Petit
The Meridian Group
9227 E. Lincoln Ave Suite 200-220
Lone Tree CO 80124
Mobile: (720)331-2355
Office: (720)295-4177