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The Housing Market: it’s a Bear – give it a hug in 3 simple steps!

Here at San Juan Realty, Inc., we know that the housing market is tough on homeowners and buyers alike. Yet it doesn’t have to bee all “doom and gloom” like the media would have us believe! This week’s entry continues with the “sunny side of the street” approach for our readers as we give you three simple tips to make the best of of this seemingly “bear” real estate market. Hugs for everyone!

Tip 1
Low-cost renovations? Now’s the time!
If you’re going to be hanging on to that house of yours for awhile longer, now’s the time to start some of those low-cost renovations you’ve had your eye on. Spring has sprung and major retailers like Home Depot and Lowes have great sales for the do-it-yourselfers. Replace old plumbing fixtures, put a new coat of paint on the living room, update your mailbox or re-seal your back deck. All these projects can be done in ONE DAY!

Tip 2
Rent it out and make out like a bandit!
If you’ve been in your home for awhile or hold a substantial amount of equity, you may still be in a position to move – even if you can’t sell your home right now. Have your Realtor research local rental rates and see if renting out your home makes good financial sense. You may be surprised!

Tip 3
Go long – refinance now! 
Mortgage rates truly are at historic lows. If you’ve got A-level credit and money in the bank, there’s no reason why lenders won’t be fighting for your business. Contact your bank or start researching interest rates at Bankrate and see if a refinance is right for your particular situation.

Homes in Ridgway, Ouray, Montrose and Telluride CO from San Juan Realty Inc.

Homes in Ridgway, Ouray, Montrose and Telluride CO from San Juan Realty Inc.

 

 

 

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