Blessings Realty | Colorado Springs and Monument Realtor

Changing minds about Realtors

  • Properties
  • About Blessings
    • Meet Our Blessings Team
    • Why Choose Us?
    • Designations
  • Neighborhoods
    • Cathedral Pines
    • Flying Horse
    • Kings Deer
    • Northgate
    • Woodmoor
  • Blog
  • Reviews
  • Contact Blessings

Real Life vs. Reality TV: 5 Myths Explained

August 17, 2016 By Claire Garlick Leave a Comment

Real Life vs. Reality TV: 5 Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting.  

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and make a decision to purchase one of them.

Truth: There may be buyers who fall in love and buy the first home they see, but more often than not the process of buying a home means touring more than three homes.

Myth #2: The houses the buyers are touring are still for sale.

Truth: The reality is being staged for TV. Many of the homes being shown are already sold and are off the market.

Myth #3: The buyers haven’t made a purchase decision yet.

Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy.

Myth #4: If you list your home for sale, it will ALWAYS sell at the Open House.

Truth: Of course this would be great! Open Houses are important to guarantee the most exposure to buyers in your area, but are only a PIECE of the overall marketing of your home. Just realize that many homes are sold during regular listing appointments as well. 

Myth #5: Homeowners make a decision about selling their home after a 5-minute conversation.

Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their home and move on with their life/goals.

Bottom Line

Having an experienced professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality!

*Show Hole – A side effect of binge-watching. Symptoms include a sense of emptiness and depression brought on by realizing you just wasted a good portion of your life watching several seasons of a TV show or an entire movie franchise all at once when you could have managed your time better.

Filed Under: Buyers, First Time Homebuyers, Move-Up Buyers, Sellers Tagged With: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers

How Do Rising Prices Impact Your Home Equity?

August 16, 2016 By Claire Garlick Leave a Comment

How Do Rising Prices Impact Your Home Equity?

Yesterday, we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%.

So what does this mean for homeowners and their equity position?

For example, let’s assume a young couple purchased and closed on a $250,000 home in January of this year. If we only look at the projected increase in the price of that home, how much equity would they earn over the next 5 years?

20160818-STM-ENG-1024x768

Since the experts predict that home prices will increase by 4.5% this year alone, the young homeowners will have gained over $11,000 in equity in just one year.

Over a five-year period, their equity will increase by over $46,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, let’s meet up to find out if you are able to today!

Filed Under: Buyers, First Time Homebuyers, Move-Up Buyers, Pricing Tagged With: First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing

Buying Remains 36% Cheaper than Renting!

August 8, 2016 By Claire Garlick Leave a Comment

Buying Remains 36% Cheaper than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide! 

A recent study by GoBankingRates looked at the cost of renting vs. owing a home at the state level and concluded that in 36 states it is actually ‘a little’ or ‘a lot’ cheaper to own, represented by the two shades of blue in the map below.

20160808-STM-ENG-1024x768

 

One of the main reasons that owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that rates fell again last week to 3.43%.

Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.  

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters who would like to evaluate your ability to buy this year, let’s get together and find you your dream home.

Filed Under: Buyers, First Time Homebuyers, Move-Up Buyers Tagged With: First Time Home Buyers, For Buyers, Move-Up Buyers

  • « Previous Page
  • 1
  • …
  • 80
  • 81
  • 82
  • 83
  • 84
  • …
  • 99
  • Next Page »
Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

Articles

  • Baby Boomers
  • Buyers
  • Buying Myths
  • Colorado Updates
  • Community
  • Construction Industry
  • Curb Appeal
  • Demographics
  • Distressed Properties
  • Down Payments
  • Education
  • Entertaining
  • Events
  • Explore Colorado
  • Finance
  • First Time Home Buyers
  • First Time Homebuyers
  • Fitness
  • Foreclosures
  • FSBO's
  • Gardening
  • Health and Fitness
  • Holidays
  • Home Decorating
  • Home Design
  • Home for Rent
  • Home Improvements
  • Home Maintenance
  • Home Office
  • Home Staging
  • Housing Market Update
  • Infographic
  • Interest Rates
  • Interior Design
  • Just For Fun
  • Loans
  • Local News
  • Luxury Buyers
  • Luxury Market
  • Military
  • Millennials
  • Move-Up Buyers
  • New Construction
  • Pricing
  • Real Estate Tips
  • Rent vs. Buy
  • Sellers
  • Selling Myths
  • Senior Market
  • Sold Homes
  • Things to Do
  • Travel
  • Uncategorized
  • Veterans

About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

  • Email
  • Facebook
  • LinkedIn
  • Twitter

Find Monument, Colorado and Colorado Springs Homes For Sale

Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

Copyright © 2025 Blessings Realty · Site by Socially Exceptional

  • Terms of Service · Privacy Policy