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Call (970) 658-0410 for FREE assessment of your rental property.

Call (970) 658-0410 for FREE assessment of your rental property.

Tackling the Ft. Collins Housing Market This Summer

Home to Colorado State University, Fort Collins, Colorado is a vibrant city that attracts not only younger people but also those in their 40s, 50s, and 60s. There are so many amazing things to see and do. Along with a thriving social scene, this is a beautiful area of the state, making it perfect for anyone who enjoys the outdoors. So, it’s not surprising that the housing market remains competitive.

Hand holding magnifying glass and looking at house model with row of coin money

As you might know, the entire country is currently experiencing a seller’s market. That means there are more buyers than available inventory. Even so, you need to decide whether to sell or not to sell.

Especially when it comes to something like selling a house, this isn’t a decision to take lightly. While this includes different advantages and disadvantages, only you can determine what to do. However, before you finalize your decision, you might consider the following tips. They can help you choose the right path.

1.     The Expense of Hiring a Moving Company

Whether moving to a new home in Fort Collins, another Colorado city, or an entirely different state, you need to factor in the cost of using professional movers. In particular, going to another state can prove expensive. So, it’s important to compare what the best interstate moving companies offer specific to services and pricing.

Regardless of where you plan to relocate, always hire movers with a solid reputation. Also, you want a licensed and insured company to handle your property. Not only should you look at ratings with the Better Business Bureau, but also read reviews. The more information you can gather, the easier it will be to choose the right company.

2.     Choosing Your Scenery

Considering that Fort Collins is such an amazing part of Colorado, many people never leave. There, you have everything a big city has to offer, as well as the gorgeous mountains. Ask yourself if another location can top Fort Collins. The last thing you want is to hire one of the best interstate moving companies to relocate you and your family to the other side of the country, only to regret your decision.

3.     Nearby Family and Friends

Some people choose to live in areas where they don’t have family members or a lot of close friends nearby. Even so, they stay because this is where they feel at home. However, if you want to relocate to be around family and friends, then selling makes sense. Usually, this happens when people start to age. They find doing things for themselves increasingly more difficult. So, they’ll find a home where they have support and help minutes away.

4.     Big Money Now or Later

Home For Rent Sign in Front of Beautiful American HomeJust as with other places across the US, Fort Collins is in a seller’s market position. For that reason, not only would your home probably sell fast, but it will also sell for an optimal asking price. Depending on how much equity you have in the property, you could walk away with a substantial amount of money.

However, it’s not always about the money. Demand for houses in Fort Collins is typically high regardless of the current market. So, even if it turns into a buyer’s market instead, there’s an excellent chance you could still sell your home for a good price. If selling your home seems like a step you’re not ready to take, consider turning it into an investment property. By maintaining the property in your portfolio of investments, you can ensure you have a continuous cash flow, future profits, and equity in the area.

If you’re getting ready to retire, selling or downsizing a home is a consideration on the minds of many. If your faith in the market is strong, selling may be a great idea. However, retirement is the perfect time to maintain and nourish your real estate portfolio as many folks choose to travel for extended periods of time and leave their homes vacant. Another example of how growing your investments and being patient can reap big rewards in the long run.

Talk to Your Property Management Team

If you’re on the fence about whether to sell or not, you can always sit down with our team to help deliberate what your options are. Our property management experts have insights into the current and future market to help guide your decision on selling your home versus growing your portfolio by turning your property into a rental in the Fort Collins area. Contact us today.

 

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.